SOURCE: Industrial Info Resources

Industrial Info Resources

November 03, 2014 06:30 ET

ExxonMobil to Scale Back Capital, Exploration Expenses in 2015, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 3, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) expects capital and exploration expenditures for next year to total about $37 billion, down from the 2013 high of $42.5 billion, an executive said during the company's third-quarter earnings conference call. Better returns for downstream and chemical operations helped ExxonMobil overcome lower upstream profits for the third quarter, the company reported. Earnings rose 3% from third-quarter 2013 to $8.07 billion, the company said. Total revenues and other income fell 4% to $107.49 billion during the quarter. Industrial Info is tracking 211 active ExxonMobil projects worth more than $161 billion.

Within this article: Details of ExxonMobil's third-quarter 2014 earnings, with capital expenditure updates.

Other companies featured: Linn Energy (NASDAQ:LINE), Chevron (NYSE:CVX), Royal Dutch Shell (NYSE:RDS.A)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    William Ploch
    713-783-5147