ExxonMobil, the world’s largest private sector oil company by market capitalisation, has beaten analysts’ expectations with a 46 per cent rise in earnings per share to $1.85 for the fourth quarter of 2010, helped by the rise in prices for oil and petrochemicals.
Analysts polled by Reuters, the news agency, had on average predicted earnings of $1.63 per share.
Exxon said the results reflected “improving economic conditions [that] support higher commodity prices,” with modest growth in the US and Europe but stronger growth in the developing world.



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