Pages

Sign InRegisterForgotten password?

RebelmouseTwitterFacebook
Advertisement
1 Bob Dillon  Tue, May 1, 2012 8:03:32am

[Link: www.businesswire.com…]

Exxon Mobil Corporation Announces Estimated First Quarter 2012 Results

IRVING, Texas—(BUSINESS WIRE)—Exxon Mobil Corporation (NYSE:XOM):

First Quarter
2012 2011 %
Earnings Excluding Special Items 1
$ Millions 9,450 10,650 -11
$ Per Common Share
Assuming Dilution 2.00 2.14 -7

Special Items
$ Millions 0 0

Earnings
$ Millions 9,450 10,650 -11
$ Per Common Share
Assuming Dilution 2.00 2.14 -7

Capital and Exploration
Expenditures - $ Millions 8,834 7,821 13

1 See Reference to Earnings
EXXONMOBIL’S CHAIRMAN REX W. TILLERSON COMMENTED:
“First quarter results reflect our ongoing focus on developing and delivering energy needed to support job creation and economic growth. Despite continuing economic uncertainty, we are progressing our robust investment plans to meet the energy demands of the future.

“Capital and exploration expenditures were $8.8 billion as we continue with plans to invest about $37 billion per year over the next five years.

“We continued to generate strong cash flow from operations and asset sales with $21.8 billion in the quarter.
“First quarter earnings of $9.5 billion were down 11% from the first quarter of 2011.

“Oil-equivalent production was down over 5% from 2011. Excluding the impact of higher prices on entitlement volumes, OPEC quota effects and divestments, production was down 1%.
“The Corporation distributed more than $7 billion to shareholders in the first quarter through dividends and share purchases to reduce shares outstanding.”

FIRST QUARTER HIGHLIGHTS
Earnings of $9,450 million, which included gains from asset sales of about $400 million, decreased 11% or $1,200 million from the first quarter of 2011.
Earnings per share (assuming dilution) were $2.00, a decrease of 7%.

Capital and exploration expenditures were $8.8 billion, up 13% from the first quarter of 2011.

Oil-equivalent production decreased over 5% from the first quarter of 2011. Excluding the impact of higher prices on entitlement volumes, OPEC quota effects and divestments, production was down 1%.

Cash flow from operations and asset sales was $21.8 billion, including proceeds associated with asset sales of $2.5 billion.
Share purchases to reduce shares outstanding were $5 billion.
Dividends per share of $0.47 increased 7% compared to the first quarter of 2011.

ExxonMobil and Rosneft announced the signing of agreements to progress a long-term Strategic Cooperation Agreement to jointly explore for and develop oil and natural gas in Russia, and to share technology and expertise. Additionally, Rosneft will take equity in exploration and development projects in the United States and Canada.

In Romania, ExxonMobil’s affiliate drilled a successful deepwater new play test on the Neptun block in the Black Sea with the Deepwater Champion drillship and has additional 3D seismic data acquisition planned to support future drilling opportunities on the block.

ExxonMobil participated in a successful exploration well offshore Tanzania which discovered approximately 5 trillion cubic feet of recoverable gas in a high quality reservoir. A second exploration well is planned to test another prospect on the block.


This page has been archived.
Comments are closed.

^ back to top ^

Turn off ads by subscribing!
For about 33 cents a day, our subscription option turns off all advertisements at LGF!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published in our weblog, unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title and text already filled in.

Last updated: 2013-05-22 7:51 pm PDT

Recent Pages
Skip Intro
Knights Templar Drug Cartel Burns Michoacan, Western State in Mexico
LA RUANA, Mexico -- The farm state of Michoacan is burning. A drug cartel that takes its name from an ancient monastic order has set fire to lumber yards, packing plants and passenger buses in a medieval-like reign of terror. The Knights Templar cartel is extorting protection payments from cattlemen, lime growers and businesses such as butchers, prompting some communities to fight back, ...

17 minutes ago
Views: 17 • Comments: 0
Tweets: 0 • Rating: 0
Political Atheist
Tesla Pays Off All $465M in Federal Loans 9 Years Early
Tesla haters just lost another quiver in their dwindling arsenal. The upstart electric automaker has paid off the entirety of its Department of Energy loan -- a whopping $451.8M -- and did it nine years ahead of schedule. "I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the [Advanced Technology ...

3 hours, 13 minutes ago
Views: 78 • Comments: 0
Tweets: 0 • Rating: 1
Vicious Babushka
$40 for Case of Bottled Water? The Free Market at Work in OK
More: $40 for Case of Bottled Water? 'Preying' on Oklahoma Tornado Victims Investigators with the Oklahoma Attorney General's office have already uncovered evidence of businesses taking advantage of the recent tornado's devastation by price-gouging in the weather-ravaged region, including a grocery store accused of charging consumers $40 for a case of water. Oklahoma Attorney General Scott Pruitt told ABC News that 30 investigators from ...

4 hours, 38 minutes ago
Views: 166 • Comments: 5
Tweets: 1 • Rating: 0
Bob Dillon
New Method for Producing Clean Hydrogen
Duke University engineers have developed a novel method for producing clean hydrogen, which could prove essential to weaning society off of fossil fuels and their environmental implications. While hydrogen is ubiquitous in the environment, producing and collecting molecular hydrogen for transportation and industrial uses is expensive and complicated. Just as importantly, a byproduct of most current methods of producing hydrogen is carbon monoxide, ...

4 hours, 56 minutes ago
Views: 78 • Comments: 0
Tweets: 0 • Rating: 1
chadu
Constitution Preamble - Schoolhouse Rock
We the peopleIn order to form a more perfect unionEstablish justice, insure domestic tranquility,Provide for the common defense,Promote the general welfare andSecure the blessings of libertyTo ourselves and our posterityDo ordain and establish this Constitution for the United States of America. (emphasis mine) Wow, who knew the Founding Fathers were a bunch of socialists, talking about helping out other people and whatnot? ///// ...

5 hours, 2 minutes ago
Views: 95 • Comments: 1
Tweets: 0 • Rating: 1
Heywood Jabloeme
Mitch McConnell Loses His Mind and Accuses Harry Reid of Intimidating Him
"It all points to a culture of political intimidation. But, unfortunately, it doesn't seem that the culture of intimidation is simply confined to the Executive Branch. The Administration's allies in the Senate are trying to intimidate their political opponents as well. What I'm talking about, is the persistent threat by the Majority to break the rules of the Senate in order to change ...

15 hours ago
Views: 135 • Comments: 1
Tweets: 0 • Rating: 1
William Barnett-Lewis
Pope Francis Says Atheists Who Do Good Are Redeemed, Not Just Catholics
Pope Francis rocked some religious and atheist minds today when he declared that everyone was redeemed through Jesus, including atheists. During his homily at Wednesday Mass in Rome, Francis emphasized the importance of "doing good" as a principle that unites all humanity, and a "culture of encounter" to support peace. Using scripture from the Gospel of Mark, Pope Francis explained how upset Jesus' ...

17 hours, 14 minutes ago
Views: 341 • Comments: 8
Tweets: 0 • Rating: 7
FemNaziBitch
POINT: Unraveling Nice-Nasty Christianity
"Christians should stop wielding religion as a tool of oppression, write Evette Dionne at Clutch magazine." The following is from a link from this article at The Root: YouTube She continued, "That is not a godly energy you're giving off now! I don't understand being so saturated in a dogma and a theology that you would not embrace your sister in her deepest need ...

20 hours, 56 minutes ago
Views: 216 • Comments: 1
Tweets: 0 • Rating: 1
thecommodore
WAPO’s Glenn Kessler Gives Three “Pinocchios” To Claim of Doctored Emails
It has long been part of the Washington game for officials to discredit a news story by playing up errors in a relatively small part of it. Pfeiffer gives the impression that GOP operatives deliberately tried to "smear the president" with false, doctored e-mails. But the reporters involved have indicated they were told by their sources that these were summaries, taken from notes ...

1 day, 21 hours ago
Views: 363 • Comments: 4
Tweets: 0 • Rating: 4
kristina37
We know how to reduce the incidence of common medical conditions but …
Obesity is on the rise-- as is the incidence of Heart Disease, Diabetes, Stroke and various forms of Cancer. And, shockingly, diseases that had in the past begun in old age are now appearing at much earlier ages. A groundbreaking scientific study showed how easily (and inexpensively) the rate of occurrence of these and other serious illness could be greatly reduced-- but this information ...

2 days, 21 hours ago
Views: 234 • Comments: 2
Tweets: 0 • Rating: 3
 Frank says:

There were 45 men in the jail cell, the toilet and shower had never been cleaned, the temperature was 110 degrees so you couldn't sleep night or day, there were roaches in the oatmeal, sadistic guards, and everything that was nice. -- Zappa 1969 interview. This had happened during the days of Studio Z in Cucamonga (1963). Frank was released on bail (his father took out a bank loan to pay for it). Frank had been busted for "conspiracy to commit pornography," after making a silly recording of suggestive sexual sounds (giggling edited out) for someone who had asked him to provide a "special" tape recording for a stag night. That someone turned out to be Detective Willis of the San Bernadino Vice Squad. Their conversation was recorded by a hidden microphone and this was used as evidence at Zappa's trial.