Agence France-PresseFebruary 1, 2013 13:45
US oil giant ExxonMobil Friday reported higher fourth-quarter profits on better results in its refining and chemical divisions, which offset a drop in oil and gas production.
The US's largest oil company said net income for the fourth quarter came in at a $9.95 billion, up 6 percent from the year-earlier period of $9.4 billion.
Exxon's annual 2012 profit came in at $44.9 billion, up 9.3 percent from last year, and the company's highest profit since 2008.
But the results underscored anew the challenge the oil giant faces growing its oil output.