The oil company reported a 29.6% increase in revenues to $117 billion from $90 billion in the prior year on increased production and stronger oil prices. Higher crude oil and natural gas realizations and gains on asset sales were partly offset by lower chemical margins. Excluding the Venezuela expropriation, divestments, OPEC quota effects, price and spend impacts on volumes, production was up nearly 3%. It distributed $35.6 billion to shareholders through dividends and share purchases.
Oswald Clint (Sanford C. Bernstein): Update us on Venezuela?
Henry H Hubble: We have filed for the arbitrations and we would like get back to the table if we can get things under discussion with the Venezuelans on that.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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