Higher demand, crude prices lift Exxon profit 53%

By Reuters
Posted Jan. 31 at 7:15 a.m.

Exxon Mobil Corp. reported a 53 percent increase in quarterly profit Monday as an improving world economy sparked higher demand for fuel and chemicals as crude oil prices rose.

It reported a fourth-quarter profit of $9.25 billion, or $1.85 per share, up from with $6.05 billion, or $1.27 per share a year earlier.

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