Exxon 4th-Quarter Profits Fall
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NEW YORK — Exxon Corp., the world’s biggest industrial company, said today that its profit fell 11.9% in the final three months of 1984 from the previous year, reflecting falling oil prices and a glut of petroleum products on international markets.
But gains earlier in the year enabled Exxon to post an 11% increase in profit for all of last year. Meanwhile, Mobil Corp., the second-largest U.S. oil company after Exxon, said its profit dropped 36% in the fourth quarter, and earnings were down 15.5% for all of 1984.
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