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Exxon's 4Q profit dips 16 percent to $8.35 billion

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Exxon Mobil's fourth-quarter profit fell 16 percent as the company produced slightly less oil and gas and its refining business weakened. Exxon has been criticized for failing to boost production, but the CEO says that new projects now in the works will produce profits and lift the business. Exxon Mobil Corp. said Thursday that fourth-quarter net income was $8.35 billion, or $1.91 per share,...

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