ExxonMobil (XOM) Posts Q4 EPS of $0.41, Including $2B Impairment Charge

ExxonMobil (NYSE: XOM) reported Q4 EPS of $0.41, which may not compare to the analyst estimate of $0.70. Results include a $2 billion impairment charge

• Cash flow from operating activities of $7.4 billion and asset sales of $2.1 billion more than covered fourth quarter dividends and additions to property, plant and equipment
• Investing strategically across all business segments
• U.S. Upstream earnings include an impairment charge of $2 billion largely related to dry gas operations in the Rocky Mountains region

"ExxonMobil demonstrated solid operating performance in 2016. Financial results for the year were negatively impacted by the prolonged downturn in commodity prices and the impairment charge,” said Darren W. Woods, chairman and chief executive officer. “The company’s continued focus on fundamentals and our ability to leverage an attractive global portfolio through our integrated business ensures we are well positioned to generate long-term shareholder value.”

For earnings history and earnings-related data on ExxonMobil (XOM) click here.

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