ExxonMobil (XOM) Tops Q4 EPS by 22c
ExxonMobil (NYSE: XOM) reported Q4 EPS of $1.56, $0.22 better than the analyst estimate of $1.34. Revenue was $87.3 billion, versus the consensus of $87.6 billion.
- Capital and exploration expenditures were $10.5 billion, up 5 percent from the fourth quarter of 2013.
- Oil-equivalent production decreased 3.8 percent from the fourth quarter of 2013. Excluding the impact of the expiry of the Abu Dhabi onshore concession, production decreased 0.7 percent, with liquids up 3.6 percent and natural gas down 5.5 percent.
- Cash flow from operations and asset sales was $7.7 billion, including proceeds associated with asset sales of $241 million.
- The corporation distributed $5.9 billion to shareholders in the fourth quarter of 2014, including $3 billion in share purchases to reduce shares outstanding.
- Dividends per share of $0.69 increased 9.5 percent compared with the fourth quarter of 2013.
- ExxonMobil Canada Ltd., with Suncor Energy Inc. and ConocoPhillips Canada Resources Corporation, emerged as the high bidder on all three blocks sought offshore Newfoundland and Labrador, expanding its presence in the Canadian North Atlantic by adding 889,000 net acres to the portfolio. ExxonMobil Canada Ltd. will be the operator of all three blocks and have a 100 percent interest in one of the three.
- ExxonMobil successfully completed negotiations for a production sharing contract with the government of Côte d’Ivoire on two offshore blocks. ExxonMobil will deploy its extensive expertise in offshore exploration and state-of-the-art technologies to assist Côte d’Ivoire in the development of its natural resources.
For earnings history and earnings-related data on ExxonMobil (XOM) click here.
