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SECURITY: XOM (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
ExxonMobil is the industry
leader in each of its core businesses and has an unmatched array of proprietary
technologies aimed at increasing the productivity of its assets and employees.
The company conducts business in almost 200 countries and territories around
the globe and has established a new definition for world-class scale and
efficiency.
http://www.exxonmobil.com/
EXXON
MOBIL CORPORATION ANNOUNCES ESTIMATEDSECOND QUARTER 2006 RESULTS
Second
Quarter First Half
2006
2005 % 2006 2005 % Net Income
$
Millions 10,360 7,640 36 18,760 15,500 21
$
Per Common Share
Assuming
Dilution 1.72 1.20 43 3.09 2.42 28
Earnings
Excluding Special Items
$
Millions 10,360 7,840 32 18,760 15,240 23
$
Per Common Share
Assuming
Dilution 1.72 1.23 40 3.09 2.38 30
Capital
and Exploration
Expenditures
- $ Millions 4,901 4,537 9,725 7,954
IRVING,
TX, July 27 -- Exxon Mobil Corporation today reported a record secondquarter
2006 result. Net income of $10,360 million ($1.72 per share), increased
$2,720 million from the second quarter of 2005. First half net income of
$18,760 million($3.09 per share), increased by 21% versus first half 2005.
EXXONMOBIL'S
CHAIRMAN REX W. TILLERSON COMMENTED:
"ExxonMobil's
second quarter earnings excluding special items, were a record$10,360 million,
up 32% from second quarter 2005. Earnings per share excluding specialitems
were up 40% reflecting the impact of the continuing share purchase program.
Higher crude oil and natural gas realizations and improved refining margins
were partlyoffset by lower marketing margins. Net income for the second
quarter was up 36% from 2005. Record first half net income of $18,760 million
($3.09 per share), increased by 21%versus first half 2005.
ExxonMobil
continued its active investment program in the second quarter, spending
$4.9 billion on capital and exploration projects, an increase of 8% versus
2005. As a result of additional Upstream opportunities, we now expect full
year capital spending to
total
$20 billion. In the second quarter of 2006, the results of the Company's
continuinglong-term investment program yielded an additional 243 thousand
oil-equivalent barrels per day of production, a 6% increase over the second
quarter of 2005.
The
Corporation distributed a total of $7.9 billion to shareholders in the
second quarterthrough dividends and share purchases to reduce shares outstanding,
an increase of 48% or $2.6 billion versus 2005. As a consequence of the
continued strengthening of our
financial
position, share purchases to reduce shares outstanding will be increased
to$7.0 billion in the third quarter. Shares outstanding have been reduced
by over 1 billionshares since the ExxonMobil merger in 1999."
SECOND
QUARTER HIGHLIGHTS
•
Earnings excluding special items were a record $10,360 million, an increase
of 32% or$2,520 million from the second quarter of 2005.
•
Net income was up 36%. There were no special items in second quarter 2006.
Second quarter 2005 net income included a special charge of $200 million
for the Allapattah lawsuit.
•
Cash flow from operations and asset sales was approximately $12.4 billion,
includingasset sales of $1.1 billion.
•
Earnings per share excluding special items were $1.72, an increase of 40%,
reflecting strong earnings and the reduction in the number of shares outstanding.
•
ExxonMobil started production from the world-class Erha deepwater development
locatedapproximately 60 miles offshore Nigeria in 3,900 feet of water.
Together with the Erha North satellite due to come on-stream in the third
quarter of this year, total Erha production
is
expected to ramp up to 190,000 barrels of oil a day (gross) by year-end.
Associatednatural gas production will be about 300 million cubic feet a
day (gross), which will bereinjected for reservoir management.
Exxon
Mobil Corporation Declares Second Quarter Dividend
IRVING, Texas--(BUSINESS
WIRE)--April 26, 2006--The Board of Directors of Exxon Mobil Corporation
(NYSE:XOM) today declared a cash dividend of 32 cents per share on the
Common Stock, payable on June 9, 2006, to shareholders of record of Common
Stock at the close of business on May 12, 2006.
This second quarter dividend
is at the same level as the dividend paid in the first quarter of 2006.
Through its dividends,
the corporation has shared its success with its shareholders for more than
100 years and has increased its annual dividend payment to shareholders
for 24 consecutive years. |
