NaveenS's  Instablog

NaveenS
Send Message
Product Manager - Derrick Petroleum Services. Working in Oil & Gas Industry for 5+ years. Contributed significantly for Database development for Upstream transactions (http://www.1derrick.com/ma-database). Initially worked as a 'Research Analyst' at Reuters. LinkedIn Profile:... More
My company:
Derrick Petroleum Services
My blog:
1Derrick
  • 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
Back To NaveenS's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.