By Msnbc.com staff and wire
ExxonMobil Corp. posted fourth-quarter net income Tuesday?of $9.4 billion, up 2 percent from the same quarter a year ago and slightly above market expectations, helped by rising crude oil prices.
It's also more money than The Bahamas'?annual GDP, according to the CIA Factbook.
The net income (excluding special items) equates to $1.97 a share, up from $1.85 per share in the comparable quarter. Revenue for the largest U.S. oil company rose 16 percent to $121.61 billion. Analysts expected earnings of $1.96 per share, according to Thomson Reuters I/B/E/S.
Oil companies around the world benefited from a jump in oil prices. Crude futures traded in New York jumped about 25 percent to end the fourth quarter at $98.83 per barrel. Brent prices gained 5 percent during the quarter.
Reuters contributed to this report.
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