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AP California News

Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations

By MICHELLE CHAPMAN AP Business Writer Exxon Mobil’s fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Shares rose 2% before

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