Saturday, February 2, 2013

Exxon Mobil announced profits up 6% in quarter 4/2555.



Exxon Mobil announced profits up 6% in quarter 4/2555.

Exxon Mobil, the largest U.S. energy company. This revealed that Profit increased 6% in Q4 2555 due to higher refining margins.

Although the decline in oil production, Exxon Mobil argues that the company had a turnover of nearly 1 billion dollars in the last quarter of the year.

Net income was 4.49 billion in 2555, up 9% from the previous year, the company stated that the expansion of such profits. Mainly as a result of asset sales and strong adaptability to the refining and chemicals company.

Although the production of the fourth quarter last year, down 5% from the same period a year earlier. But also a strong performance from the refining business in the quarter. An increase of $ 1.3 billion last year.

Grantham said David Rosenberg, vice president of investor relations for Exxon Mobil, said the results reflect the value of the business model with the combined company. And other competitive advantages. Xinhua News Agency reported.

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