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
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT