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More on Exxon's (XOM) Q4 results: On an oil-equivalent basis, production fell 5.2% Y/Y;...

More on Exxon's (XOMQ4 results: On an oil-equivalent basis, production fell 5.2% Y/Y; excluding impacts of entitlement volumes, OPEC quota effects and divestments, production fell 2.1%. Upstream earnings were $7.76B, -12% Y/Y. Downstream earnings were $1.76B vs. $425M in the year-ago period, driven by stronger refining margins. Shares +0.8% premarket.

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