ExxonMobil Earnings Rise, Production Falls
May 01, 9:52 AM EDT |
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| On oil equivalent basis production declined 5.6% in the first quarter. Africa supplied 25% of its crude oil production, the highest from any region. |
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| ExxonMobil reported first quarter revenue increased 57% to $116.8 billion and earnings rose 19% to $10.9 billion and earnings per share increased to $2.05 from $1.64 per share a year ago. The oil giant increased its quarterly dividend by 3 cents to 35 cents. In the quarter the company repurchased $8 billion of shares and spent $5.5 billion on capital projects. |
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