Despite a significant drop in petroleum prices lately, Exxon Mobil ( XOM ) managed to beat earnings and revenue estimates handsomely last Friday. ExxonMobil benefited from serious output increases compared to last year, especially in the high-potential Permian Basin: in the fourth-quarter, ExxonMobil boostedAnalyst’s Disclosure: I/we have a beneficial long position in the shares of XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own op ...