Exxon Mobil's strong fourth quarter fueled by rising production in the Permian, Guyana

Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana. The Spring, Texas-based company earned $7.61 billion, or $1.72 per share, for the three months ended Dec. 31. It earned $7.63 billion, or $1.91 per share, in the prior-year period. Removing certain items, earnings were $1.67 per share.