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Exxon Mobil 4Q earning rises 53% to US$9.25 million

JAKARTA: Exxon Mobil Corp reported a significantly increase revenue today. The world's largest oil and gas company recorded a better than estimated 4Q and 2010 financial report.For the fourth quarter, earnings were booked at US$9.25 million, rose 53%

JAKARTA: Exxon Mobil Corp reported a significantly increase revenue today. The world's largest oil and gas company recorded a better than estimated 4Q and 2010 financial report.For the fourth quarter, earnings were booked at US$9.25 million, rose 53% from US$3.20 million in the same period in 2009. Earnings per share were increase 46% to US$1.85. Capital and exploration expenditures were recorded at US$10.1 billion, up 22 from Q IV/2009.Oil production increased 19% from the fourth quarter in 2009. Cash from operations and asset was US$14.7 billion, including asset sales of US$1,7 billion.For their YoY earnings, Exxon booked at US$30.460, or US$6.22 per share, increased US$11.18 million YoY 2009. Earnings were up 58% from 2009. Oil-equivalent production was up 13% compared to 2009.ExxonMobil continues to deliver strong financial and operating results. The full year 2010 earnings, excluding special items, were $30.5 billion, up 57% from 2009, driven by higher crude oil and natural gas realizations, stronger refining margins and record chemical performance. Fourth quarter earnings were $9.3 billion, an increase of 53% said, ExxonMobil Chairman Rex Tillerson.The company distributed over US$19 billion to shareholders in 2010 through dividends and share purchases to reduce shares outstanding. (t05/wiw)

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