Exxon earnings beat estimates despite low oil prices

Core Viewpoint - ExxonMobil reported fourth-quarter earnings that surpassed Wall Street expectations despite a significant annual decline in oil prices due to oversupply [1][4]. Financial Performance - Earnings per share for the fourth quarter were $1.71, adjusted, compared to the expected $1.68 [4]. - Revenue for the quarter was $82.31 billion, exceeding the anticipated $81.43 billion [4]. Industry Context - The results were released amid pressure from President Donald Trump for the oil industry to re-engage with Venezuela following the U.S. capture of Nicolas Maduro [2]. - CEO Darren Woods indicated that Venezuela is currently "uninvestable" and would require substantial changes for Exxon to consider returning [2].