Carl Icahn Discusses 'Disappointing' Performance Of Carl Icahn Enterprises, Says Investment In Apple 'Softened The Impact' Of Oil Decline

Icahn Enterprises LP IEP on Friday reported its fourth quarter and full year fiscal 2014 results. The fund, managed by Carl Icahn reported revenues of $3.4 billion and a net loss attributable to Icahn Enterprises of $478 million in the fourth quarter. For the full year, Icahn Enterprises reported revenue of $19.2 billion and adjusted net loss attributable to Icahn Enterprises of $221 million. "This year's results were obviously disappointing, with the precipitous decline in oil prices impacting the profitability of many of our segments," Icahn said in a press release. "I believe a great amount of profit in the next few years will be made by those who hold positions in energy companies." Icahn added that oil prices are likely to continue declining in the near term and that his position in Apple, Inc. AAPL "softened the impact" of the decline in oil prices and will "hopefully will continue to do so." Icahn also stated "I hope and believe" that his investment fund will be "strongly profitable" in 2015 and beyond.