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

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

Delayed Quote. Delayed  - 04/29 10:00:44 pm
88.4 USD   +0.42%
04/30 EXXON MOBIL : ExxonMobil earnings drop 63% on plunging oil prices
04/30 NZ Refining seeks change for smaller board
04/30 EXXON MOBIL : Refining's silver lining loses luster at Exxon and Che..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Exxon Mobil Corporation : Exxon quarterly profit up slightly

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2013 | 03:03pm CEST

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)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on EXXON MOBIL CORPORATION
04/30 EXXON MOBIL : ExxonMobil earnings drop 63% on plunging oil prices
04/30 NZ Refining seeks change for smaller board
04/30 EXXON MOBIL : Refining's silver lining loses luster at Exxon and Chevron
04/30 SOUTH CHINA SEA JOINT DEVELOPMENT AR : South Vietnam – Analysis
04/30DJExxon Swoons, but Investors Cheer -- WSJ
04/30 EXXON MOBIL : ExxonMobil earnings plummet 63% on plunging oil prices
04/30 EXXON MOBIL : ExxonMobil profits slide 63% on low oil prices
04/29DJInvestors Optimistic About Oil-Company Stocks After Earnings -- Update
04/29 EXXON MOBIL : sees smallest profit in 16 years, Chevron posts loss
04/29 Oil price weakness drives Canada's Imperial Oil to bigger-than-expected loss
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials