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Exxon Mobil Corp  (XOM)
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    Sector  Energy    Industry Oil & Gas Integrated Operations
 
 

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Exxon Mobil Corp announced first quarter 2017 operating income of $12334 millions



Exxon Mobil Corp showed respectable growth in the first quarter 2017, where earnings per share more than doubled by 120.93 % year on year to $0.95 per share and Sales increased by 29.93 % to $63.29 billions, led by sales in ornbsp; segment.

Sequentially eps more than doubled by 132.91 % from $0.41 per share and Sales increased by 3.72 % from $61.02 billions.
Only one section improved , while following segments recorded decrease in revenues Upstream -38.16%, Downstream -37.14%, Chemical -30.49%, Other -33.33%.
Net earnings increase of 129.65 % in the first quarter 2017 was supported by expanding profits in Downstream and Chemical businesses, 98.54% and 2.25% respectively, while profits recoiled in Upstream segment. Producing overall net income of $4,090 millions for the first quarter 2017, compare to income of $1,781 millions achieved a year before.
Other segment cut it's deficit to $-378.0 million. Exxon Mobil Corp also emphasized it's improving profit margins, where net margin rose to 6.46% in first quarter 2017, and operating margin edged up to 19.49%.
1Other segments have decreased the loss.
Explaining results, Oil & Gas Integrated Operations company told, that it saw rise in: Crude oil production & Natural gas liquids (MB/D) 2,331.00 gain by 12.88 %.
While following indicators decreased: Heating oils, kerosene & diesel Refined Product Sales (MB/D) down -3.05 %, Aviation fuels Refined Product Sales (MB/D) down -2.7 %, Specialty Refined Product Sales (MB/D) down -3.08 %, Refined Product Sales Total (MB/D) down -3.52 %.
While following indicators decreased: Gasolines naphthas Refined Product Sales (MB/D) 2,382.00 -4.03 %, Heavy fuels Refined Product Sales (MB/D) 372.00 -4.37 %.
The Oil & Gas Integrated Operations company, also outlined contraction in Natural gas production (MMCF/D) -10.11 %.
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