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Exxon 4Q profit sags, but taxes, Venezuela ruling help

2015-02-02 16:02:09| Oil & Gas - Topix.net

Exxon Mobil Corp.'s earnings fell 21 percent in the fourth quarter because of a sharp drop in global crude oil prices. But results still beat Wall Street expectations on lower taxes, a favorable ruling in a dispute with Venezuela, and a strong performance from its chemical division.

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