Exxon Mobil Corporation Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2011
January 31, 2012 at 09:46 am EST
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Exxon Mobil Corporation reported earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total revenues and other income of $121,609 million against $105,186 million for the same period last year. Income before income taxes was $17,041 million against $15,327 million for the same period last year. Net income attributable to the company was $9,400 million or $1.97 per diluted share against $9,250 million or $1.85 per diluted share for the same period last year. Capital and exploration expenditures were $10.0 billion, consistent with the fourth quarter of 2010. Net cash provided by operating activities was $10.7 billion against $13.0 billion for the same period last year.
For the year, the company reported total revenues and other income of $486,429 million against $383,221 million for the same period last year. Income before income taxes was $73,257 million against $52,959 million for the same period last year. Net income attributable to the company was $41,060 million or $8.42 per diluted share against $30,460 million or $6.22 per diluted share for the same period last year. Capital and exploration expenditures were $36.8 billion in 2011. Net cash provided by operating activities was $55.4 billion against $48.4 billion for the same period last year.
Exxon Mobil Corporation is an oil group organized around 3 areas of activity:
- refining and distribution (85.8% of net sales): 5.5 million barrels of oil products (diesel fuel, gasoline, fuel oil, lubricants, motor oils, etc.) sold per day in 2023;
- exploration and production of hydrocarbons (7.6%; worldwide leader): 2.4 million barrels of oil produced per day and 219.1 million m3 of natural gas produced per day;
- petrochemical (6.6%): primarily oils, aromas, alcohols, ethylene, elastomers, propylene, and polymers (19.4 Mt sold in 2023) for the pharmaceutical, cosmetic, textile, electrical, etc.
Net sales are distributed geographically as follows: the United States (38%), Canada (8.7%), the United Kingdom (7%), Singapore (4.6%), France (4.4%), Australia (3%), Belgium (2.9 %), Germany (2.8%) and other (28.6%).