Exxon's 4th-quarter profit tumbles 58 percent as low crude hurts
REUTERS - Exxon Mobil Corp on Tuesday reported a 58 percent drop in quarterly profit as low oil prices hurt results at the world's largest publicly traded oil company.
The Irving, Texas company reported that fourth-quarter profit slid to $2.78 billion, or 67 cents per share, from $6.57 billion, or $1.56 per share, in the same period a year earlier.
Exxon said its oil and gas output rose 4.8 percent in the fourth quarter.
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(Reporting by Anna Driver in Houston; Editing by Jeffrey Benkoe)