HOUSTON — Exxon Mobil reported higher fourth-quarter earnings on Tuesday as higher revenue for oil partly compensated for lower natural gas prices and soft refinery returns on chemicals and lubricants.
The world’s largest publicly traded oil company reported net income of $9.4 billion for the quarter, up from $9.25 billion the year before. It posted revenue of $121.6 billion, up 16 percent.
SAN RAMON - Analysts expect Chevron to report net income of nearly $6.3 billion, or $3.15 per share, excluding one-time gains and expenses. It earned $6.2 billion, or $3.09 per share, in last year’s first quarter.