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2019-02-04 09:20:00

EXXON NET INCOME $20.8 BLN

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
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

 

More information

 

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Tags: EXXON, MOBIL, FINANCE, STATEMENT