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2020-02-03 11:25:00

EXXON NET INCOME $5.69 BLN

EXXON NET INCOME $5.69 BLN

EXXONMOBIL - Jan 31, 2020 - ExxonMobil Earns $14.3 Billion in 2019; $5.7 Billion in Fourth Quarter 

Exxon Mobil Corporation (NYSE:XOM)  announced estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution. Earnings included favorable identified items of about $3.9 billion, or $0.92 per share assuming dilution, mainly a $3.7 billion gain from the Norway upstream divestment. Capital and exploration expenditures were $8.5 billion, including key investments in the Permian Basin. 

Oil-equivalent production was in line with the fourth quarter of 2018, at 4 million barrels per day, with a 4 percent increase in liquids offset by a 5 percent decrease in gas. Excluding entitlement effects and divestments, liquids production increased 2 percent driven by Permian Basin growth, while natural gas volumes decreased 4 percent. 

“Our operations performed well, while short-term supply length in the downstream and chemicals businesses impacted margins and financial results,” said Darren W. Woods, chairman and chief executive officer. “Growth in demand for the products that underpin our businesses remains strong. We remain focused on improving our base businesses, driving efficiencies, and optimizing the value of our investment portfolio.” 

Estimated Key Financial and Operating Data

 

 

 

 

 

 

 

 

 

 

Attachment I

Exxon Mobil Corporation

Fourth Quarter 2019

(millions of dollars, unless noted)

 

 

 

 

 

 

 

 

Fourth Quarter

Third
Quarter

Twelve Months

 

 

2019

2018

2019

2019

2018

Earnings / Earnings Per Share

 

 

 

 

 

Total revenues and other income

67,173

71,895

65,049

264,938

290,212

Total costs and other deductions

60,759

63,774

60,328

244,882

259,259

Income before income taxes

6,414

8,121

4,721

20,056

30,953

Income taxes

684

1,915

1,474

5,282

9,532

Net income including noncontrolling interests

5,730

6,206

3,247

14,774

21,421

Net income attributable to noncontrolling interests

40

206

77

434

581

Net income attributable to ExxonMobil (U.S. GAAP)

5,690

6,000

3,170

14,340

20,840

 

 

 

 

 

 

 

Earnings per common share (dollars)

1.33

1.41

0.75

3.36

4.88

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

- assuming dilution (dollars)

1.33

1.41

0.75

3.36

4.88

 

 

 

 

 

 

 

Exploration expenses, including dry holes

357

555

299

1,269

1,466

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

Total

3,716

3,502

3,716

14,652

13,798

Per common share (dollars)

0.87

0.82

0.87

3.43

3.23

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

At period end

 

 

 

4,234

4,237

Average - assuming dilution

4,269

4,270

4,271

4,270

4,270

 

 

 

 

 

 

 

ExxonMobil share of equity at period end

 

 

 

191,650

191,794

ExxonMobil share of capital employed at period end

 

 

 

240,925

232,280

 

 

 

 

 

 

 

Income taxes

684

1,915

1,474

5,282

9,532

Total other taxes and duties

8,416

8,473

8,317

33,186

35,230

Total taxes

9,100

10,388

9,791

38,468

44,762

Sales-based taxes

5,205

5,444

5,228

20,679

21,750

Total taxes including sales-based taxes

14,305

15,832

15,019

59,147

66,512

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

equity companies

714

992

426

2,490

3,142

 

Full PDF version

----- 

Earlier: 

 EXXON WILL SELL $25 BLN
2019, November, 22, 11:40:00
EXXON WILL SELL $25 BLN
Exxon’s shares have underperformed its major rivals’ in recent years. The disposals would help the company increase spending on new developments and appease investors unhappy with weak cash generation and oil output, which flatlined under Woods’ predecessor Rex Tillerson.
 
 EXXON'S INVESTMENT FOR UAE $6.5 BLN
2019, November, 13, 12:30:00
EXXON'S INVESTMENT FOR UAE $6.5 BLN
ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.
 
 EXXONMOBIL EARNINGS $3.2 BLN
2019, November, 5, 14:15:00
EXXONMOBIL EARNINGS $3.2 BLN
Exxon Mobil Corporation announced estimated third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution. Earnings included a favorable tax-related identified item of about $300 million, or $0.07 per share assuming dilution. Capital and exploration expenditures were $7.7 billion, including key investments in the Permian Basin.
 
 

 

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