ExxonMobil profits tumble by 47 pct

The plunge in oil prices almost halved third-quarter profits at Texas-based energy giant ExxonMobil.

The oil and gas company posted third-quarter earnings of $4.2 billion, down 47 percent as compared to $8.1 billion a year earlier.

We maintain a relentless focus on business fundamentals, including cost management, regardless of commodity prices,ExxonMobil’s CEO, Rex W. Tillerson said in a report on Friday.

On an oil-equivalent basis, ExxonMobil’s production increased 2.3 percent from the third quarter of 2014.

Natural gas production was 9.5 billion cubic feet per day, down 1.1 billion cubic feet per day from 2014 due to regulatory restrictions in the Netherlands and field decline, according to the report.

 

 

LNG World News Staff; Image: ExxonMobil

 

 

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
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 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >