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Sunday, November 18, 2018

Maritime Logistics Professional

February 3, 2015

ExxonMobil Earns $32.5 Bi in 2014

ExxonMobi

ExxonMobi

ExxonMobil Mobil Corporation earned $32.5 Bi in 2014

 

Highlights:

 

 

 

 

Fourth Quarter

 

 

 

Twelve Months

 

 
       

2014

 

2013

 

%

 

2014

 

2013

 

%

Earnings Summary

                       

(Dollars in millions, except per share data)

                       
 

Earnings

 

6,570

 

8,350

 

-21

 

32,520

 

32,580

 

-

 

Earnings Per Common Share

                       
 

Assuming Dilution

 

1.56

 

1.91

 

-18

 

7.60

 

7.37

 

3

                           

 

Capital and Exploration

                       

Expenditures

 

10,464

 

9,924

 

5

 

38,537

 

42,489

 

-9

                       

 

 Exxon Mobil Corporation today announced estimated full-year 2014 earnings of $32.5 billion compared with $32.6 billion a year earlier, reflecting the strength of its integrated business model in a lower price environment.

“ExxonMobil’s results illustrate the value of our proven business model that integrates upstream, downstream, and chemical businesses,” said Rex W. Tillerson, chairman and chief executive officer. “Our balanced portfolio uniquely positions ExxonMobil to deliver superior results throughout the commodity price cycle.”

ExxonMobil completed a record eight major Upstream projects during the year, including the Papua New Guinea liquefied natural gas project, and achieved its full-year plan to produce 4 million oil-equivalent barrels per day.

Fourth quarter earnings were $6.6 billion, or $1.56 per diluted share, down from $8.4 billion in the year-ago quarter. Lower commodity prices in the Upstream and higher planned maintenance costs in the Downstream were partially offset by improved Chemical margins.

During 2014, the corporation distributed $23.6 billion to shareholders in the form of dividends and share purchases to reduce shares outstanding, resulting in a total shareholder distribution yield of 5.4 percent.

 

 

 

 

Exxon Mobil CorporationExxonMobilUnited States