ExxonMobil (XOM) Tops Q3 EPS by 12c

(Updated - October 30, 2015 8:03 AM EDT)

ExxonMobil (NYSE: XOM) reported Q3 EPS of $1.01, $0.12 better than the analyst estimate of $0.89. Revenue for the quarter was $67.34 billion, with the consensus at $63.75 billion.

“We maintain a relentless focus on business fundamentals, including cost management, regardless of commodity prices,” said Rex W. Tillerson, chairman and chief executive officer. “Quarterly results reflect the continued strength of our Downstream and Chemical businesses and underscore the benefits of our integrated business model.”

Downstream segment earnings nearly doubled from the third quarter of 2014 due to stronger refining margins. Chemical results, comparable with the year-ago quarter, reflect continued strength in product margins and the quality of the company’s product and asset mix.

Upstream production volumes increased 2.3 percent, or 87,000 barrels per day, to 3.9 million oil-equivalent barrels per day. Liquids volumes of 2.3 million barrels per day rose 13 percent driven by new developments in Canada, Indonesia, the United States, Angola and Nigeria.

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

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