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Exxon Mobil Fourth Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 9:32 AM EDT March 21 2008


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.

 

 

 

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