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Product Manager - Derrick Petroleum Services. Working in Oil & Gas Industry for 5+ years. Contributed significantly for Database development for Upstream transactions ( Initially worked as a 'Research Analyst' at Reuters. LinkedIn Profile:... More
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  • ExxonMobil Q3 Profit Falls 18% On Weak Refining 0 comments
    Oct 31, 2013 9:36 AM | about stocks: XOM

    ExxonMobil has reported an 18% YoY fall in Q3-2013 net profit to $7.87 billion. The results were dragged by weak refining margins.

    Q3-2013 financial highlights:

    • Revenue of $112.3 billion, down 1% YoY
    • Upstream earnings of $6.7 billion, up 12% YoY
    • Downstream earning of $592 million, down 82% YoY
    • Chemical division earnings of $1.02 billion, up 29% YoY
    • Capex up 15% YoY to $10.5 billion
    • Upstream capex of $9.4 billion; US capex of $2.3 billion, up 18%; non-US capex of $7.1 billion, up 14% YoY

    Q3-2013 operational highlights:

    • Production up 1.5% YoY to 4.01 MMBOE/d
    • Liquids production of 2.2 MMBOE/d, up 4% YoY
    • Gas production of 1.82 MMBOE/d, down 1.3% YoY
    • Refinery throughput of 4.8 MMbbl/d, down 1.6% YoY
    • Commenced gas production from Kipper Tuna Turrum project in Australia

    ExxonMobil Q2-2013 Profits Dive 57%

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: XOM
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