Exxon Mobil Earnings Up 9 Pct, USA

Exxon Mobil Earnings Up 9 Pct,

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

FULL YEAR HIGHLIGHTS

  • 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.

Events>

<< May 2015 >>
MTWTFSS
27 28 29 30 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

The 4th Annual Unconventional Gas & Oil Summit 2015

The unconventional Oil & Gas event for sharing strategic and technical best practice and solutions for the unconventionals industry…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

Fundamentals of Gas and LNG Contracts and Pricing

Fundamentals of Gas and LNG Contracts and Pricing – a professional development course by part-time study…

read more >

Gas Shipping Investment Conference

Gas Shipping Investment Conference 2015 is forecasting supply and demand dynamics and future investment opportunities in LNG and LPG shipping.

read more >