logo
Share SHARE
FONT-SIZE Plus   Neg

Exxon Mobil Q1 Profit Tops Consensus - Quick Facts

Exxon Mobil Corp. (XOM) posted a slight increase in first-quarter GAAP net income attributable to the company to $9.5 billion, or $2.12 a share, from the prior year's $9.45 billion, or $2.00 a share. On average, 21 analysts polled by Thomson Reuters expected earnings per share of $2.05 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly upstream earnings stood at $7.04 billion, down $765 million from last year. Lower liquids realizations, partially offset by improved natural gas realizations, reduced earnings by $230 million, and production volume and mix effects decreased earnings by $280 million, with all other items, including higher operating expenses, decreasing earnings by $250 million, according to the company.

Downstream earnings totaled $1.545 billion, down $41 million from the first quarter of 2012. While, stronger margins, mainly in refining, increased earnings by $780 million, volume and mix effects reduced earnings by $290 million, Exxon Mobil added.

The firm clocked total revenues and other income of $108.81 billion, down compared with the prior-year figure of $124.05 billion. Analysts estimated revenues of $119.83 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Concept drawings for a giant U-shaped skyscraper in the New York City were released this week, which is deemed to be the longest building in the world. The concept, which is called Big Bend, would be a skinny, curved structure. The glass-lined tower would be in the shape of an upside U and will be running 4,000-feet-long from end to end on Billionaire's Row. Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch.
comments powered by Disqus
Follow RTT