Summary
ExxonMobil Corporation (XOM) reported strong financial performance for the nine months ending September 30, 2018, with net income attributable to ExxonMobil reaching $14.84 billion, a significant increase from $11.33 billion in the same period of 2017. This growth was primarily driven by higher energy prices and improved operational performance across its Upstream, Downstream, and Chemical segments. The company's revenue also saw a substantial rise, indicating a robust market for its products and services. Cash flow from operating activities was strong, demonstrating the company's ability to generate substantial cash from its core operations, which supported significant investments in capital and exploration expenditures totaling $18.1 billion. These investments are geared towards future growth and maintaining its asset base. The company also returned substantial value to shareholders through dividends, underscoring its commitment to shareholder returns while continuing to invest in its long-term strategic objectives. Overall, the results indicate a healthy and financially sound company navigating a dynamic energy market.
Financial Highlights
41 data points| Revenue | $74.19B |
| SG&A Expenses | $2.89B |
| Operating Expenses | $67.53B |
| Interest Expense | $200.00M |
| Net Income | $6.24B |
| EPS (Basic) | $1.46 |
| EPS (Diluted) | $1.46 |
| Shares Outstanding (Basic) | 4.27B |
Key Highlights
- 1Net income attributable to ExxonMobil increased by 31% to $14.84 billion for the first nine months of 2018 compared to $11.33 billion in the prior year period.
- 2Total revenues and other income grew significantly to $218.3 billion for the nine months ended September 30, 2018, up from $177.8 billion in the same period of 2017.
- 3Upstream segment earnings showed a substantial increase, driven by higher liquids and gas realizations.
- 4Downstream segment earnings saw a decrease for the nine months due to lower margins and unfavorable foreign exchange impacts, though U.S. Downstream earnings improved.
- 5Chemical segment earnings decreased primarily due to weaker margins, particularly in Non-U.S. operations.
- 6Cash flow from operating activities increased to $27.4 billion for the first nine months of 2018, up from $22.7 billion in the prior year.
- 7Capital and exploration expenditures increased by 28% to $18.1 billion for the first nine months of 2018, reflecting investments in future growth, notably increased U.S. drilling and Brazilian acreage acquisitions.