Investing.com - (NYSE:Exxon Mobil) fourth quarter earnings missed estimates as the oil firm took a charge.
Exxon Q4 profit was down 40% YoY at $1.68 bn on an upstream asset impairment charge of $2 bn.
Without the charge, earnings were higher than in the fourth quarter of 2015.
Diluted Q4 EPS came in at $0.41 against an estimate of $0.70.
Revenues in the quarter also missed estimates at $61.02 bn vs. $70.24 bn.
Full-year earnings fell 51% from a year earlier to $7.84 bn on lower commodity prices, refining margins.