Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

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
07/29DJDANIEL GILBERT : Chevron and Exxon Get the Plaudits, but Some Smaller Drillers F..
07/29 VERMILION ENERGY : Enters Into Farm-in Agreement in Germany
07/29 EXXON MOBIL : Christie's Exxon proposed deal could be nearing judgment day
07/29 EXXON MOBIL : Declares Third Quarter Dividend
07/29 EXXON MOBIL : Groups want Exxon Mobil case halted
07/29 Total beats profit forecast, cost cuts to exceed targets
07/29 EXXON MOBIL : ExxonMobil develops Mobil Pegasu gas engine oil to improve product..
07/28DJMARKET SNAPSHOT : U.S. Stocks End Sharply Higher After 5-day Slump
07/28 EXXON MOBIL : Venezuela's Maduro visits US to seek UN help with Guyana
07/28DJMARKET SNAPSHOT : U.S. Stocks Sharply Higher After 5-day Slump
Advertisement
Chart
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
Income Statement Evolution
More Financials