Exxon Mobil today announced fourth quarter 2011 results.
Fourth Quarter Highlights
ExxonMobil’s Chairman Rex W. Tillerson commented:
“ ExxonMobil recorded strong results while investing at record levels to develop new supplies of energy that are critical to meeting growing world demand, and supporting economic recovery and growth.
“ Fourth quarter earnings of $9.4 billion were up 2% from the fourth quarter of 2010. Full year 2011 earnings were $41.1 billion, up 35% from 2010, reflecting higher crude oil and natural gas realizations, improved refining and chemical margins, and gains on asset sales.
“Capital and exploration expenditures were a record $36.8 billion in 2011. “Oil-equivalent production was up 1% from 2010.
Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 4%.
“ In 2011, the Corporation distributed $29 billion to shareholders through dividends and share purchases to reduce shares outstanding .”
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LNG World News Staff, January 31, 2012