Record Permian and Guyana Output Helps Exxon Beat Q4 Earnings Estimates

ExxonMobil (NYSE: XOM) booked consensus-beating earnings for the fourth quarter on the back of record Permian and Guyana production despite a widely expected profit decline amid lower commodity prices and weaker refining margins. Exxon on Friday reported fourth-quarter earnings of $7.6 billion, or $1.72 per share assuming dilution. This was down compared to $8.6 billion earnings for the third quarter, but higher than the $1.55 earnings per share expected by the analyst consensus in The Wall Street Journal. Net production in the fourth quarter was…