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miércoles, 30 de octubre de 2013

Exxon Mobil profit hit by weaker refining margins


NEW YORK (MarketWatch)
Exxon Mobil Corp. reported third-quarter earnings of $7.87 billion, or $1.79 a share, down from $9.57 billion, or $2.09 a share, in the same period a year ago
The oil giant and Dow component reported total revenue of $112.4 billion, down from $115.14 billion a year earlier
Earnings and revenue topped forecasts
A FactSet survey of analysts produced consensus forecasts for earnings of $1.77 a share on $107.39 billion in revenue
The company said "significantly weaker" refining margins as a result of a rise in industry capacity negatively impacted downstream earnings
Exxon Mobil said oil-equivalent production rose 1.5% versus the third quarter of 2012
Excluding the impact of entitlement volumes, OPEC quota effects and divestments, production rose 2.7%, with liquids volumes up 5.3%, the company said

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