Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results. Cost-cutting and higher prices for its oil and gas helped the company beat the expectations of analysts. Exxon earned $9.1 billion in the first three months of the year on revenue of $106.77 billion.
T-Mobile outpaces rivals
T-Mobile US Inc. added more subscribers in the first quarter than AT&T Inc. and Verizon Communications Inc. combined, heightening the carrier’s allure as Sprint Corp. pursues a merger. Promotions and cheaper plans helped T-Mobile add 1.3 million new monthly subscribers in the period, more than the 1.16 million customers than AT&T and Verizon added combined.
Microsoft releases security update
Microsoft on Thursday released a security update for Internet Explorer that closes a gap that allowed attackers to take control of a computer. It issued the update to Windows XP users, despite dropping support for the older operating system last month. The company said users with automatic updates enabled don’t need to take any action.