Friday, February 1, 2008

Exxon Mobil Reports Earnings...

Exxon Mobil Corp.'s (XOM) fourth-quarter net income rose 14% to $11.66 billion, or $2.13 a share, from $10.25 billion, or $1.76 a share, a year earlier, boosted in part by higher upstream earnings.

A Thomson Financial survey of analysts, on average, predicted earnings of $1.95 a share for the quarter. Analysts' estimates usually exclude items. The Irving, Texas, oil and gas company said revenue grew to $116.64 billion from $90.03 billion.

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