Summary
ExxonMobil Corporation's third-quarter 2010 earnings showcased a significant year-over-year improvement, driven by higher crude oil and natural gas prices, enhanced refining margins, and robust chemical segment performance. For the nine months ended September 30, 2010, net income attributable to ExxonMobil reached $21.21 billion, a substantial increase from $13.23 billion in the same period of 2009, translating to diluted earnings per share of $4.37 compared to $2.71. The company's strategic acquisition of XTO Energy Inc. in June 2010, an all-stock transaction valued at approximately $24.7 billion, is expected to bolster its unconventional oil and gas resource development capabilities. Liquidity remained strong, with cash provided by operating activities totaling $35.4 billion for the nine months ended September 30, 2010. The company returned over $5 billion to shareholders in the third quarter through dividends and share repurchases, underscoring its commitment to shareholder returns. Capital and exploration expenditures increased to $22.2 billion for the first nine months of 2010, reflecting investments in Upstream projects and the integration of XTO assets. While debt levels increased due to the XTO acquisition, the company's debt-to-total capital ratio remained at a healthy 10.8% as of September 30, 2010.
Financial Highlights
42 data points| SG&A Expenses | $3.71B |
| Operating Expenses | $82.44B |
| Interest Expense | $54.00M |
| Net Income | $7.35B |
| EPS (Basic) | $1.44 |
| EPS (Diluted) | $1.44 |
| Shares Outstanding (Basic) | 5.08B |
| Shares Outstanding (Diluted) | 5.09B |
Key Highlights
- 1Net income attributable to ExxonMobil for the nine months ended September 30, 2010, was $21.21 billion, up from $13.23 billion in the prior year period.
- 2Diluted earnings per share for the first nine months of 2010 were $4.37, a significant increase from $2.71 in the same period of 2009.
- 3ExxonMobil completed the acquisition of XTO Energy Inc. in June 2010 for approximately $24.7 billion in an all-stock transaction.
- 4Cash provided by operating activities for the first nine months of 2010 was $35.4 billion, a substantial increase from $19.9 billion in 2009.
- 5Capital and exploration expenditures for the first nine months of 2010 increased by 18% year-over-year to $22.2 billion.
- 6Total debt increased to $18.3 billion at September 30, 2010, primarily due to the XTO acquisition, resulting in a debt-to-total capital ratio of 10.8%.
- 7The company returned over $5 billion to shareholders in the third quarter of 2010 through dividends and share repurchases.