ornbsp; segment lifts overall Sales

Company displayed pleasant results in the third quarter 2018. Sales were at $74.19 billions higher by 17.99 % year on year and increased by 3.82 % quarter on quarter, while income surged by 87.18 % to $1.46, sequentially eps soared by 58.7 %.


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 97.49 % in the third quarter 2018 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 $6,446 millions for the third quarter 2018, compare to income of $3,264 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 8.69% in third quarter 2018, and operating margin edged up to 20.44%.
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 %.

Exxon Mobil Corp is expected to report next financial results on February 01, 2019.