Arab Today, arab today exxonmobil q4 profit beats forecasts
Last Updated : GMT 00:38:13
Arab Today, arab today
Arab Today, arab today

ExxonMobil Q4 profit beats forecasts

Arab Today, arab today

Arab Today, arab today ExxonMobil Q4 profit beats forecasts

Virginia - AFP

ExxonMobil, the world\'s largest energy company, on Tuesday posted slightly better-than-expected profit for the fourth quarter, despite easing high oil prices. ExxonMobil said net income was $9.4 billion in the final three months of 2011, up a modest 2.0 percent from the year-ago period as refining margins shrank. Earnings of $1.97 per share were one cent higher than analysts expected. On an oil-equivalent basis, production fell 9.0 percent from the fourth quarter of 2010, mainly because of a reduction in natural gas output, the Irving, Texas-based company said in a statement. For all of 2011, net income leaped 34 percent to $41.0 billion, benefiting from higher oil and natural gas prices, the company said in a statement. Revenue numbers also highlighted the slower growth in the fourth quarter: net revenue rose 15 percent to $121.6 billion, above the Wall Street forecast of $119.7 billion. The gain was almost half as much for the full year, when sales surged 27 percent. Investors punished the shares, pushing them down 1.3 percent to $84.40 in pre-market trade. ExxonMobil said it had a record $36.8 billion in capital and exploration expenditures in 2011. \"ExxonMobil recorded strong results while investing at record levels to develop new supplies of energy that are critical to meeting growing world demand, and supporting economic recovery and growth,\" chairman Rex Tillerson said in the statement. The company highlighted that it was the high bidder on 50 blocks in the most recent US Gulf of Mexico lease sale, \"providing new exploration opportunities.\" It also noted that construction of a lower-sulfur fuels project had begun at the joint Saudi Aramco and ExxonMobil refinery in Yanbu, Saudi Arabia. ExxonMobil said it had distributed $29 billion to shareholders in 2011 through dividends and share purchases.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exxonmobil q4 profit beats forecasts Arab Today, arab today exxonmobil q4 profit beats forecasts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exxonmobil q4 profit beats forecasts Arab Today, arab today exxonmobil q4 profit beats forecasts

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday