By Iain Gilbert
Date: Friday 27 Oct 2023
LONDON (ShareCast) - (Sharecast News) - Natural gas giant ExxonMobil saw profits fall in the three months ended 30 September but still opted to raise its interim dividend amid heightened crude prices.
ExxonMobil earned $9.07bn, or $2.25 per share in the period, down from the record-breaking $19.66bn, or $4.68 per share it pulled in a year earlier. Removing certain items, earnings came in at $2.27 per share but were still short of expectations for $2.36 per share.
Quarterly revenues dropped from $112.07bn to $90.76bn but were ahead of Wall Street estimates of $89.29bn. Production was 0.8% lower at 3.68m oil-equivalent barrels per day.
However, Exxon noted that it had delivered its best-ever third-quarter global refinery throughput at 4.2m barrels per day.
On the back of the results, ExxonMobil raised its fourth-quarter dividend to $0.95 per share from $0.91 per share.
CEO Darren Woods said: "We delivered another quarter of strong operational performance, earnings and cash flows, adding nearly 80,000 net oil-equivalent barrels per day to support global supply."
As of 1420 BST, Exxon shares were up 0.37% in pre-market at $108.00.
Reporting by Iain Gilbert at Sharecast.com
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Currency | US Dollars |
Share Price | $ 114.86 |
Change Today | $ 1.44 |
% Change | 1.27 % |
52 Week High | $122.20 |
52 Week Low | $96.80 |
Volume | 635 |
Shares Issued | 3,971.00m |
Market Cap | $456,109m |
RiskGrade | 195 |
Strong Buy | 5 |
Buy | 9 |
Neutral | 9 |
Sell | 1 |
Strong Sell | 0 |
Total | 24 |
Time | Volume / Share Price |
16:00 | 1,615,715 @ $114.86 |
15:59 | 200 @ $114.89 |
15:59 | 500 @ $114.89 |
15:59 | 300 @ $114.89 |
15:59 | 300 @ $114.89 |
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