ExxonMobil all biz segments shine in 2007

02 Feb '08

2 min read

“ExxonMobil's full year 2007 net income and earnings excluding special items were a record $40,610 million ($7.28 per share), reflecting strong results in all business segments.

“We continued to supply crude oil and natural gas volumes to meet the world's energy needs through disciplined development and operation of our globally diverse resource base. Capital and exploration project spending increased to $20,853 million in 2007, up 5% from 2006.

Our long-term investment program, in projects often far from major consuming nations, continued to provide resources essential to the increasingly interdependent global energy supply network.

Operations reliability in our global Downstream and Chemical businesses continued to supply the important products consumers require around the world.

“The Corporation distributed a total of $35.6 billion to shareholders in 2007 through dividends and share purchases to reduce shares outstanding, up $3.0 billion from 2006.

“ExxonMobil's fourth quarter earnings excluding special items were a record $11,660 million, up 18% from the fourth quarter of 2006. Higher crude oil and natural gas realizations and gains on asset sales were partly offset by lower chemical margins.”

FOURTH QUARTER HIGHLIGHTS:
- Net income was a record $11,660 million, up 14% from the fourth quarter of 2006.
- Fourth quarter 2006 net income included a special tax-related benefit of $410 million.
- Cash flowfrom operations and asset sales was approximately $13.1 billion, including asset sales of $1.8 billion.

More ExxonMobil News... More Textiles News - United States Of America...