ExxonMobil third-quarter profit jumps

ExxonMobil third-quarter profit jumps
Illustration purposes only (Image courtesy of ExxonMobil)

US energy giant ExxonMobil reported a significant jump in third-quarter earnings that reached $6.2 billion, 58 percent above the $4 billion reported in 2017. 

The company’s revenue also moved up 25.4 percent reaching $76.6 billion, compared to the $61.1 billion reported in the corresponding quarter in 2017.

Oil-equivalent production was 3.8 million barrels per day, down 2 percent from the third quarter of 2017.

The company said that crude and natural gas prices strengthened in the third quarter.

The company noted also that production started at the Kaombo project, an offshore development on Angola Block 32, where ExxonMobil has a 15 percent interest.

Production will reach an estimated 230,000 barrels per day at its peak, and the associated gas will be delivered to the Angola LNG plant in Soyo.

Share this article

Follow LNG World News

Posted on November 2, 2018 with tags .

Events>

<< Feb 2019 >>
MTWTFSS
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 1 2 3

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >