IRVING, Texas — Exxon Mobil Corp. today reported fourth-quarter earnings of $8.87 billion.
On a per-share basis, the company said it had profit of $2.08. Earnings, adjusted for non-recurring gains, were $2.05 per share.
The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The oil and natural gas company posted revenue of $84.97 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $82.44 billion.