Exxon Mobil reported a steep drop in earnings and revenue as low oil prices hurt results at the world's largest publicly traded oil company.
The company posted fourth quarter earnings of 67 cents a share, compared with $1.32 a share in the year-earlier period.
Revenue for the quarter came in at $59.81 billion, against the year-earlier figure of $87.28 billion.
Analysts had expected the company to report earnings of about 63 cents a share on $51.36 billion in revenue, according to a consensus estimate from Thomson Reuters.
The oil giant also reported fourth quarter U.S. downstream revenue of $435 million, but an upstream loss of $538 million. Its oil and gas output rose 4.8 percent in the fourth quarter.
Exxon shares were down more than 3 percent in late morning trading. (Get the latest quote here.)