Exxon Mobil Earnings Up 9 Pct, USA

Exxon Mobil reported earnings of $44,880 million increased $3,820 million from 2011. Earnings per share increased 15% to $9.70.


  • Earnings were $44,880 million, up 9%.
  • Earnings include $9.9 billion of divestment and restructuring gains, mainly Japan of $6.5 billion.
  • Earnings per share increased 15% to $9.70.
  • Oil-equivalent production was down 6% from 2011. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 2%.
  • Cash flow from operations and asset sales was $63.8 billion, including proceeds associated with asset sales of $7.7 billion.
  • The Corporation distributed over $30 billion to shareholders in 2012 through dividends and share purchases to reduce shares outstanding.
  • Capital and exploration expenditures were a record $39.8 billion.
  • The Corporation participated in three major liquids project start-ups in West Africa in 2012 with capacity of 350 thousand gross barrels of oil per day.

Exxon Mobil’s Chairman Rex W. Tillerson commented: “Energy is fundamental to economic growth and improved living standards. ExxonMobil’s strong financial performance enables continued investment in new energy supplies, which creates jobs and supports economic expansion.

“Fourth quarter 2012 earnings were over $9.9 billion, up 6% from the fourth quarter of 2011. Full year 2012 earnings were $44.9 billion, up 9% from 2011, with record earnings per share of $9.70.

“Capital and exploration expenditures were a record $39.8 billion in 2012 as we continue pursuing opportunities to find and produce new supplies of oil and natural gas to meet global demand for energy.

“In 2012, the Corporation distributed over $30 billion to shareholders through dividends and share purchases to reduce shares outstanding.”

LNG World News Staff, February 03, 2013

Share this article

Follow LNG World News

One thought on “Exxon Mobil Earnings Up 9 Pct, USA”

  1. Pingback: google

Comments are closed.


<< Jan 2017 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC Iran LNG & Gas Partnerships Summit

It is the must attend event to form partnerships and explore opportunities along the dynamic gas value chain…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

LNG Pricing, Trading & Risk Management / 2-Day Course

The global LNG market is rapidly growing in size and complexity…

read more >

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >