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Higher margins drive Q3 net profit at Exxon Mobil
11 Nov '14
3 min read
Exxon Mobil said third quarter of 2014 prime product sales of 6,249 thousands of metric tons (KT) were essentially flat with last year's third quarter.
Corporate and financing expenses totalled to $570 million for the third quarter of 2014, up $110 million from the third quarter of 2013.
During the third quarter of 2014, Exxon Mobil purchased 30 million shares of its common stock for the treasury to reduce the number of shares outstanding at a cost of $3 billion.
“Share purchases to reduce shares outstanding are currently anticipated to equal $3 billion in the fourth quarter of 2014,” the Irving, Texas based company said. (AR)
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