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Exxon Q4 Earnings Beat Estimates On Higher Production
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2019 Feb 3, 6:51am 1,554 views 8 comments
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5
zzyzzx
2022 Oct 28, 7:17am
zzyzzx
2022 Oct 28, 7:17am
https://finance.yahoo.com/news/exxon-boosts-quarterly-dividend-four-114133333.html
Exxon Boosts Quarterly Dividend After Four Fold Increase In Q3 Earnings
The oil giant raised the quarterly by $0.03 to $0.91 per share, payable on December 9th.
Exxon Boosts Quarterly Dividend After Four Fold Increase In Q3 Earnings
The oil giant raised the quarterly by $0.03 to $0.91 per share, payable on December 9th.
6
zzyzzx
2023 Apr 28, 9:48am
zzyzzx
2023 Apr 28, 9:48am
https://finance.yahoo.com/news/exxon-delivers-record-first-quarter-103247314.html
Exxon delivers record first-quarter profit on higher output
Exxon Mobil Corporation (XOM)
$119.15/sh + $2.32 (+1.99%) As of 12:46PM EDT.
Exxon delivers record first-quarter profit on higher output
Exxon Mobil Corporation (XOM)
$119.15/sh + $2.32 (+1.99%) As of 12:46PM EDT.
7
RWSGFY
2023 Apr 28, 10:05am
RWSGFY
2023 Apr 28, 10:05am
zzyzzx says
US oil companies are benefitting greatly from the oil price cap imposed on the Soviets, because it keeps oil price supressed thus prompting Saudis to keep slashing their production in an attempt to lift them up. Who can rapidly and efficiently fill the gap in market share ceded by the Saudis? You guessed it, it's not Venezuelas of this world, lol.
https://finance.yahoo.com/news/exxon-delivers-record-first-quarter-103247314.html
Exxon delivers record first-quarter profit on higher output
Exxon Mobil Corporation (XOM)
$119.15/sh + $2.32 (+1.99%) As of 12:46PM EDT.
US oil companies are benefitting greatly from the oil price cap imposed on the Soviets, because it keeps oil price supressed thus prompting Saudis to keep slashing their production in an attempt to lift them up. Who can rapidly and efficiently fill the gap in market share ceded by the Saudis? You guessed it, it's not Venezuelas of this world, lol.
8
zzyzzx
2023 Oct 27, 5:27am
zzyzzx
2023 Oct 27, 5:27am
https://finance.yahoo.com/news/exxon-raises-dividend-free-cash-103033773.html
Exxon raises dividend after free cash flow soars more than expected
Exxon raises dividend after free cash flow soars more than expected
Exxon booked Q4 earnings of US$6 billion, down from US$8.4 billion in the fourth quarter of 2017. Yet, earnings per share assuming dilution came in at US$1.41, nearly a third above the analyst consensus estimate of US$1.08 of The Wall Street Journal.
Exxon’s liquids production in the fourth quarter rose by 4 percent from prior-year quarter, driven by growth in the Permian. Oil-equivalent production was 4.010 million bpd in Q4, exceeding 4 million bpd for the first time in nearly two years.
A major growth driver of production came from the Permian, where Exxon plans to triple its production by 2025 to more than 600,000 oil-equivalent barrels.
Exxon’s unconventional production in the Permian continued to ramp up in the fourth quarter, the supermajor said, noting that production surged by more than 90 percent from the same quarter of 2017.
In Q4, crude prices weakened, while natural gas prices strengthened with higher seasonal demand and increased liquefied natural gas (LNG) prices, Exxon said. Refining and chemical margins weakened in the fourth quarter.
Despite weaker margins in the downstream and the drop in oil prices in Q4, Exxon’s full-year 2018 cash flow from operating activities jumped to US$36 billion from US$30 billion for 2017. The 2018 cash flow from operations was the highest since 2014, the company said.
In the fourth quarter, cash flow from operating activities rose to US$8.607 billion from US$7.411 billion for the fourth quarter of 2017.
“Strong results during a period of commodity price volatility demonstrate ExxonMobil’s ability to deliver superior cash flow in different market environments,” Darren W. Woods, chairman and chief executive officer, said.
Following the results release, Exxon’s shares were up 2 percent in pre-market trade.
https://oilprice.com/Latest-Energy-News/World-News/Exxon-Q4-Earnings-Beat-Estimates-On-Higher-Production.html