Business

Exxon earnings slip on lower production, refining

By Jonathan Fahey
Published May 1, 2014 1:19pm ET
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Exxon earnings slip on lower production, refining
This April 29, 2014 photos shows Exxon signage at a mini-mart in Dormont, Pa. Exxon Mobil reports quarterly earnings on Thursday, May 1, 2014. (AP Photo/Gene J. Puskar) | Gene J. Puskar

NEW YORK (AP) — Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results.

Cost-cutting and higher prices for its oil and gas helped the company beat the expectations of Wall Street analysts. Shares rose slightly in trading before the opening bell.

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