Exxon Mobil (XOM.US) stated that the decline in oil prices has led to a reduction in fourth-quarter profits by $800 million to $1.2 billion.
The company indicated that the increase in fuel production margins partially offset the impact of declining oil profits, with an increase of up to $700 million; however, the decline in chemical product margins and asset impairments had some drag. As for asset sales, they contributed to a quarterly earnings increase of approximately $800 million

Exxon Mobil stated that the decline in oil prices led to a profit decrease of $800 million to $1.2 billion in the fourth quarter. The company indicated that the increase in fuel production margins partially offset the impact of declining oil profits, with an increase of up to $700 million; however, the decline in chemical product margins and asset impairments had some negative effects. As for asset sales, they contributed to a quarterly earnings increase of approximately $800 million quarter-on-quarter

Exxon Mobil expects oil prices to decline, dragging down last quarter's profits by up to $1.2 billion