ExxonMobil Earns $32.5 Bi in 2014
ExxonMobil Mobil Corporation earned $32.5 Bi in 2014
Highlights:
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Fourth Quarter |
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Twelve Months |
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2014 |
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2013 |
% |
2014 |
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2013 |
% |
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Earnings Summary |
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(Dollars in millions, except per share data) |
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Earnings |
6,570 |
8,350 |
-21 |
32,520 |
32,580 |
- |
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Earnings Per Common Share |
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Assuming Dilution |
1.56 |
1.91 |
-18 |
7.60 |
7.37 |
3 |
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Capital and Exploration |
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Expenditures |
10,464 |
9,924 |
5 |
38,537 |
42,489 |
-9 |
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Exxon Mobil Corporation today announced estimated full-year 2014 earnings of $32.5 billion compared with $32.6 billion a year earlier, reflecting the strength of its integrated business model in a lower price environment.
“ExxonMobil’s results illustrate the value of our proven business model that integrates upstream, downstream, and chemical businesses,” said Rex W. Tillerson, chairman and chief executive officer. “Our balanced portfolio uniquely positions ExxonMobil to deliver superior results throughout the commodity price cycle.”
ExxonMobil completed a record eight major Upstream projects during the year, including the Papua New Guinea liquefied natural gas project, and achieved its full-year plan to produce 4 million oil-equivalent barrels per day.
Fourth quarter earnings were $6.6 billion, or $1.56 per diluted share, down from $8.4 billion in the year-ago quarter. Lower commodity prices in the Upstream and higher planned maintenance costs in the Downstream were partially offset by improved Chemical margins.
During 2014, the corporation distributed $23.6 billion to shareholders in the form of dividends and share purchases to reduce shares outstanding, resulting in a total shareholder distribution yield of 5.4 percent.
