Pages

Jump to bottom

1 comment

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.

Jump to top

Create a PageThis 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, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2021-06-05 2:51 pm PDT
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Cash.app Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Graduation and Par-Tay!
William Lewis
18 hours, 44 minutes ago
Views: 162 • Comments: 0 • Rating: 9
Tweets: 0 •
Sen. Bill Cassidy: Louisiana’s Maternal Mortality Rate Is Only Bad if You Include Black Women Firstly, yes, Black women are four times more likely to die from pregnancy-related causes than their white counterparts in Louisiana (three times more likely nationwide), because our medical system is deeply racist. And speaking of racism: I can’t really ...
Rightwingconspirator
1 day, 12 hours ago
Views: 178 • Comments: 1 • Rating: 3
Tweets: 3 •
People’s Convoy Too Distracted by In-Fighting to Sneak Into D.C. The People’s Convoy vowed to do more than just endlessly circle Washington D.C.’s Beltway in urine-soaked jeans when they returned to their base camp at Hagerstown Speedway in Maryland on Wednesday. But instead of somehow sneaking two dozen or ...
Rightwingconspirator
1 day, 12 hours ago
Views: 193 • Comments: 0 • Rating: 0
Tweets: 2 •
YUNGBLUD (With WILLOW) - Memories (Official Music Video) YUNGBLUD (with WILLOW) - Memories (Official Music Video) Stream and download “Memories (with WILLOW)” : yungblud.lnk.to watch more official YUNGBLUD videos: yungblud.lnk.to SIGN UP to YUNGBLUD's Mailing List: yungblud.lnk.to subscribe to YUNGBLUD: yungblud.lnk.to connect with YUNGBLUD online:visit the official ...
Thanos
2 weeks ago
Views: 1,137 • Comments: 0 • Rating: 1
Tweets: 3 •