2018-07-30 13:30:00
EXXONMOBIL EARNINGS $4 BLN
EXXONMOBIL - Exxon Mobil Corporation today announced estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million. During the quarter, the corporation distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 69 percent from the prior year, reflecting key investments in Brazil, the U.S. Permian Basin and Indonesia.
Oil-equivalent production was 3.6 million barrels per day, down 7 percent from the second quarter of 2017. Excluding entitlement effects and divestments, liquids production increased as growth in the Permian and Bakken in the U.S. and Hebron in Canada more than offset decline and higher downtime driven by scheduled maintenance. Natural gas volumes decreased 10 percent, excluding entitlement effects and divestments, largely due to a continuing shift in U.S. unconventional development from dry gas to liquids and to downtime in Qatar, Australia, and Papua New Guinea.
"Key projects in Guyana, the U.S. Permian Basin, Brazil, Mozambique and Papua New Guinea are positioning us well to meet the objectives we outlined in our long-term earnings growth plans. The high quality of these resources, combined with our strengths in project execution and innovation, will generate strong value over time," said Darren W. Woods, chairman and chief executive officer. "Second quarter results were primarily impacted by significant scheduled maintenance undertaken to support operational integrity. In addition, while we were pleased with the return of full production following the PNG earthquake, extended recoveries from first quarter operational incidents in the Downstream were disappointing. However, good progress was made during the second quarter in fully recovering from these incidents."
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Earlier:
2018, July, 12, 10:20:00
U.S. - EXXON - RUSSIA SANCTIONSBLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine. |
2018, June, 20, 12:15:00
EXXON - AUSTRALIA LNGPLATTS - ExxonMobil's planned LNG import project in Victoria will compete with AGL's planned LNG import terminal in the same state -- at Crib Point near Melbourne -- projected to come online by financial year 2020-2021, and AIE's project next door in the state of New South Wales, potentially at Port Kembla, Newcastle or Port Botany, expected by as early as 2020. |
2018, June, 1, 09:15:00
EXXON'S INVESTMENT $200 BLNBLOOMBERG - Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that growth carries a bit more weight in company plans. |
2018, April, 30, 10:00:00
EXXONMOBIL EARNINGS $4.7 BLNEXXONMOBIL - Exxon Mobil Corporation announced estimated first quarter 2018 earnings of $4.7 billion, or $1.09 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $10 billion, including proceeds associated with asset sales of $1.4 billion. During the quarter, the corporation distributed $3.3 billion in dividends to shareholders. Capital and exploration expenditures were $4.9 billion, up 17 percent from the prior year. |
2018, March, 30, 11:05:00
EXXON PARTNERSHIP IN BRAZILREUTERS - Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block in Brazil’s offshore Campos basin as the American oil major seeks to aggressively replace dwindling reserves. |
2018, March, 9, 13:30:00
EXXON STRATEGY - 2025: TWICEEXXONMOBIL - Aggressive Growth Plans to More than Double Earnings - Earnings and cash flow from operations projected to approximately double by 2025 - Strongest investment opportunities in two decades to drive results, improve returns - Profitable production growth with low-cost-of-supply tight oil, liquefied natural gas and deepwater |
2018, March, 4, 11:20:00
EXXON LEAVES RUSSIAROSNEFT - The decisions of ExxonMobil to abandon certain projects that fall under the legislative limitations once again imposed by the US government despite their successful development fully comply with the position of the American regulator that changed the way we collaborate on these projects. |
