2019-02-04 09:20:00
EXXON NET INCOME $20.8 BLN
EXXONMOBIL - Exxon Mobil Corporation announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. Excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017. Cash flow from operations and asset sales was $40.1 billion, including proceeds associated with asset sales of $4.1 billion. Capital and exploration expenditures were $25.9 billion, including incremental spend to accelerate value capture.
Fourth quarter 2018 earnings were $6 billion, or $1.41 per share assuming dilution, compared with $8.4 billion in the prior-year quarter. Earnings excluding U.S. tax reform and impairments were $6.4 billion, compared with $3.7 billion in the prior-year quarter.
"Strong results during a period of commodity price volatility demonstrate ExxonMobil's ability to deliver superior cash flow in different market environments," said Darren W. Woods, chairman and chief executive officer. "Our continued focus on long-term fundamentals and portfolio improvements position us well to grow shareholder value. ExxonMobil's 2018 results further demonstrate our advantages in technology, scale and integration, providing a strong foundation to successfully compete across commodity price cycles."
Exxon Mobil Corporation |
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| Fourth Quarter 2018 | ||||||
| (millions of dollars) | ||||||
| Third | ||||||
| Fourth Quarter | Quarter | Twelve Months | ||||
|
2018 |
2017 |
2018 |
2018 |
2017 |
||
| Earnings (U.S. GAAP) | ||||||
| Upstream | ||||||
| United States | 265 | 7,061 | 606 | 1,739 | 6,622 | |
| Non-U.S. | 3,048 | 1,291 | 3,623 | 12,340 | 6,733 | |
| Downstream | ||||||
| United States | 987 | 918 | 961 | 2,962 | 1,948 | |
| Non-U.S. | 1,717 | 646 | 681 | 3,048 | 3,649 | |
| Chemical | ||||||
| United States | 282 | 777 | 404 | 1,642 | 2,190 | |
| Non-U.S. | 455 | 493 | 309 | 1,709 | 2,328 | |
| Corporate and financing | (754) | (2,806) | (344) | (2,600) | (3,760) | |
| Net income attributable to ExxonMobil | 6,000 | 8,380 | 6,240 | 20,840 | 19,710 | |
| U.S. Tax Reform | ||||||
| Upstream | ||||||
| United States | - | 7,602 | - | - | 7,602 | |
| Non-U.S. | - | (480) | 271 | 271 | (480) | |
| Downstream | ||||||
| United States | - | 618 | - | - | 618 | |
| Chemical | ||||||
| United States | - | 335 | - | - | 335 | |
| Corporate and financing | 20 | (2,133) | - | 20 | (2,133) | |
| Total U.S. Tax Reform | 20 | 5,942 | 271 | 291 | 5,942 | |
| Asset Impairments | ||||||
| Upstream | ||||||
| United States | (284) | (481) | - | (297) | (521) | |
| Non-U.S. | (113) | (807) | - | (142) | (983) | |
| Downstream | ||||||
| United States | (12) | (6) | - | (12) | (6) | |
| Non-U.S. | (13) | - | (18) | (31) | (11) | |
| Chemical | ||||||
| Non-U.S. | (7) | - | - | (7) | - | |
| Total Asset Impairments | (429) | (1,294) | (18) | (489) | (1,521) | |
| Earnings Excluding U.S. Tax Reform and Impairments | ||||||
| Upstream | ||||||
| United States | 549 | (60) | 606 | 2,036 | (459) | |
| Non-U.S. | 3,161 | 2,578 | 3,352 | 12,211 | 8,196 | |
| Downstream | ||||||
| United States | 999 | 306 | 961 | 2,974 | 1,336 | |
| Non-U.S. | 1,730 | 646 | 699 | 3,079 | 3,660 | |
| Chemical | ||||||
| United States | 282 | 442 | 404 | 1,642 | 1,855 | |
| Non-U.S. | 462 | 493 | 309 | 1,716 | 2,328 | |
| Corporate and financing | (774) | (673) | (344) | (2,620) | (1,627) | |
| Earnings excluding U.S. Tax Reform and Impairments | 6,409 | 3,732 | 5,987 | 21,038 | 15,289 | |
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2019, January, 9, 10:40:00
EXXON & IBM QUANTUM COMPUTINGEXXONMOBIL - ExxonMobil said that it has signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The new partnership was formally announced during the 2019 Consumer Electronics Show (CES) in Las Vegas.
|
2018, December, 14, 08:30:00
EXXON INVESTS AUSTRALIA $4 BLNEXXONMOBIL - -ExxonMobil said that it has made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.
|
2018, November, 5, 11:45:00
EXXON'S NET INCOME $6.24 BLNEXXONMOBIL - Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier.
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2018, October, 24, 11:10:00
ROSNEFT - EXXON LNGREUTERS - Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.
|
2018, October, 22, 11:55:00
RUSSIA - EXXON: NEW PROJECTSBLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
|
2018, October, 19, 11:05:00
EXXON'S LNG FOR CHINAREUTERS - Exxon Mobil Corp is placing big bets on China’s soaring liquefied natural gas (LNG) demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet.
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2018, October, 10, 07:40:00
EXXON AND ROSNEFT IN MOZAMBIQUEREUTERS - The Mozambican government said on Monday it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft. |
