Exxon Profit Rises as Energy Prices, Demand Climb
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Exxon Mobil Corp., the world’s largest company, posted its biggest quarterly profit in more than two years as energy demand boosted oil and fuel prices.
Fourth-quarter net income rose to $9.25 billion, or $1.85 a share, from $6.1 billion, or $1.27, a year earlier, Irving, Texas-based Exxon said in a statement today. Per-share earnings were 25 cents more than the average estimate of six analysts surveyed by Bloomberg.