Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Exxon Mobil Corporation    XOM   US30231G1022

Delayed Quote. Delayed Nyse - 03/04 03:02:27 pm
87.195 USD   -0.49%
11:59a EXXON MOBIL : CEO: Get used to lower oil prices
11:02aDJROSNEFT' NK : Rosneft Posts Sharply Lower Net
11:01aDJROSNEFT' NK : Rosneft Posts Sharply Lower Net
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Exxon Mobil Corporation : Exxon Mobil Stock Buyback to Reach $5 Billion

02/01/2013 | 11:05am US/Eastern

HOUSTON--Exxon Mobil Corp. (XOM) will buy back $5 billion worth of shares in the first quarter of 2013, a company executive said Friday.

Exxon's head for investor relations David Rosenthal in an earnings call added that the world's largest publicly traded company had seen its 2012 production end up 2.7% below outlook, hurt by operational-performance issues in combination with the effect of higher oil prices and with more efficient capital spending in Iraq.

Mr. Rosenthal also said the Kearl oilsands project in Alberta is expected to start in the first quarter of 2013. The project had been expected to start by the end of 2012, but weather has played a role. "It has just been brutally cold up there," he said.

The executive also added that the company had seen "encouraging results" in its Argentina drilling program, although well testing was ongoing.

Write to Angel Gonzalez at angel.gonzalez@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on EXXON MOBIL CORPORATION
12:58p EXXON MOBIL : ExxonMobil Employees Encourage Girls to Pursue Engineering
12:48p EXXON MOBIL : ExxonMobil 2014 Reserves Replacement Totals 104 Percent
11:59a EXXON MOBIL : CEO: Get used to lower oil prices
11:02aDJROSNEFT' NK : Rosneft Posts Sharply Lower Net
11:01aDJROSNEFT' NK : Rosneft Posts Sharply Lower Net
10:42a DOW MOVERS : Cat, xom
08:29a EXXON MOBIL : ExxonMobil Adds New Production; Continues Long-Term Capital Focus ..
03/03DJBOND REPORT : Flurry Of Debt Offerings Drives Treasury Yields Higher
03/03DJActavis Prices $21 Billion Bond--Update
03/03 EXXON MOBIL : Exxonmobil Contributes U.S.$35K to Ebola Fight
Advertisement
Chart
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF