By Houston Business Journal

Exxon Mobil Corp. â¿¿ the world's largest corporation â¿¿ posted a $9.25 billion fourth quarter profit Monday, a 53-percent increase compared with the previous fourth quarter.

The quarterly earnings mark Exxon Mobil's biggest quarterly profit in two years, reflecting the increased demand for energy by increased oil and fuel costs, according to media reports.

"Exxon Mobil continues to deliver strong financial and operating results," said Rex Tillerson, the corporation's chairman, in a written release. "The full year 2010 earnings, excluding special items, were $30.5 billion, up 57 percent from 2009, driven by higher crude oil and natural gas realizations, stronger refining margins and record chemical performance."

Irving-based Exxon Mobil (NYSE: XOM) also has significant operations in the Houston area.

Click here to read the full earnings press release.

Copyright 2011 American City Business Journals

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