Member access

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

Delayed Quote. Delayed Nyse - 10/30 12:27:38 pm
93.87 USD   -0.76%
1d ago EXXON MOBIL : Declares Fourth Quarter Dividend
1d ago DOW MOVERS : Dd, cvx
1d ago ICBC Became Most Profitable in World
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Exxon Mobil Corporation : Exxon quarterly profit up slightly

04/25/2013 | 10:03am US/Eastern

(Reuters) - Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.

Earnings per share topped Wall Street expectations but the gains largely came after a big stock buyback that reduced the number of outstanding shares by 5 percent.

"Their reliance on share buybacks mutes the earnings per share beat," said Brian Youngberg, energy company analyst at Edward Jones in St Louis. "I'd rather see them give the cash to shareholders in the form of a dividend increase."

First-quarter profit for the world's largest publicly traded oil company totaled $9.5 billion, or $2.12 per share, compared with $9.45 billion, or $2 per share, a year earlier.

Analysts, on average, expected the Irving, Texas, company to report a profit of $2.05 per share.

Total oil and natural gas production declined 3.5 percent to 4.395 million barrels oil equivalent per day from the same quarter a year ago.

Profit in Exxon's exploration and production unit fell about 10 percent to $7 billion, but low natural gas prices in North American led to an 62 percent increase in profit in its chemicals business.

Shares of Exxon fell 0.6 percent to $88.91 in premarket trade.

(Reporting by Anna Driver; Editing by Gerald E. McCormick and Jeffrey Benkoe)

3h ago Tasweeq says Laffan Refinery 2 project in Qatar would become operational in O..
5h ago Lukoil, OMV Petrom and ExxonMobil start new explorations in Romania's offshor..
6h ago EXXON MOBIL : Declares Fourth Quarter Dividend
9h ago Ongc highest-ranked indian energy firm
1d ago EXXON MOBIL : 'Natural gas to be global fastest growing fuel by 2040'
1d ago GAZPROM : Western Sanctions Unite Russia's Oil and Gas Kingpins Around Putin
1d ago EXXON MOBIL : The United States Energy Association (USEA) - Briefing
1d ago EXXON MOBIL : Russia's Rosneft asks for five year extension on Arctic sea shelf ..
1d ago EXXON MOBIL : Declares Fourth Quarter Dividend
1d ago GAZPROM : Sanctions bind Russia's energy elite to Putin
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes