Exxon Mobil reported declines in its revenue and profits in the fourth quarter of last year because of falling crude oil prices.
Driving the news: Exxon Mobil’s revenue in the fourth quarter decreased to $84.34 billion from $95.43 billion.
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- Analysts at Zacks Investment Research projected that Exxon Mobil would have $95.43 billion in revenue.
- Profit came in at $7.63 billion, down from $12.75 billion a year before.
