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
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade XOM now with 
Follow RTT