NEW YORK, September 15, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Exxon Mobil Corporation (NYSE: XOM). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=XOM
Highlights from our XOM Report include:
- Second Quarter and First Half Results - On July 31, 2015, Exxon Mobil Corporation announced its results for the second quarter and first half of 2015. During the second quarter, the Company generated total revenues and other income of $74.1 billion vis-à-vis $111.2 billion reported in Q2 2014. Net income attributable to ExxonMobil was $4.19 billion in Q1 2015, which translated into an EPS of $1.00 as compared to a net income of $8.78 billion or an EPS of $2.05 reported in Q2 2014. For the first half of 2015, the revenues and other income totaled $141.7 billion versus $217.5 billion reported in the same period a year ago. The Company reported net income attributable to ExxonMobil of $9.13 billion or an EPS of $2.17 for H1 2015 vis-à-vis $17.88 billion, which translated into an EPS of $4.15 in the previous year first half.
- Q2 2015 Operational performance - During the second quarter, the Company produced about 2,291 kbd (thousand barrels per day) of crude oil, natural gas liquids, bitumen and synthetic oil, worldwide, which is higher than production of 2,048 Kbd in the prior year quarter. Asia led the growth by producing 685 kbd, followed by Africa with a production figure of 522 kbd. United States produced 468 kbd with Canada/ South America production figure coming in at 364 kbd. Europe saw production of 199 kbd and Australia/Oceania rounded up with 53 kbd of production of crude oil, natural gas liquids, bitumen and synthetic oil. Exxon's natural gas production available for sale worldwide was 10,128 mcfd (million cubic feet per day) to which Asia and the United States contributed 4,265 mcfd and 3,153 mcfd, respectively. Europe produced 1,718 mcfd of natural gas with Australia/Oceania producing 722 mcfd. Natural gas production in Canada/ South America was 262 mcfd and that in Africa was 8 mcfd.
- Q2 2015 Business Highlights - The Company began Bitumen production on schedule at the Cold Lake Nabiye project expansion in northeastern Alberta, Canada. The expansion is producing about 20,000 barrels per day and volumes are expected to reach peak daily production of 40,000 barrels later this year. At the Kearl oil sands expansion project in Alberta, Canada, production started ahead of schedule doubling gross capacity to 220,000 barrels of bitumen per day. The Company also made a significant oil discovery in Guyana on the 6.6-million acre Stabroek Block that is located 120 miles offshore.
To find out how this influences our rating on Exxon Mobil Corporation read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=XOM
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