OREANDA-NEWS. February 05, 2014.
EXXONMOBIL CHAIRMAN REX W. TILLERSON COMMENTED:

“ExxonMobil delivered strong business results in 2013 while remaining focused on improving profitability and long-term shareholder value. Disciplined use of capital, project execution and asset management are positioning the company to deliver sustained superior financial performance across the business cycle. Over the next two years, ExxonMobil will start up numerous major projects delivering profitable new supplies of oil and natural gas while strengthening our refining and chemicals businesses.

“Fourth quarter 2013 earnings were USD 8.4 billion, down 16% from the fourth quarter of 2012. Full year 2013 earnings were USD 32.6 billion, down 27% from 2012.

“Capital and exploration expenditures were USD 9.9 billion in the fourth quarter and USD 42.5 billion for the year, including USD 4.3 billion for acquisitions.

“In 2013, the Corporation distributed USD 26 billion to shareholders through dividends and share purchases to reduce shares outstanding.”

FOURTH QUARTER HIGHLIGHTS
Earnings of USD 8,350 million decreased USD 1,600 million or 16% from the fourth quarter of 2012.

Earnings per share (assuming dilution) were USD 1.91, a decrease of 13% from the fourth quarter of 2012.

Capital and exploration expenditures were USD 9.9 billion, down 20% from the fourth quarter of 2012.

Oil-equivalent production decreased 1.8% from the fourth quarter of 2012. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was essentially flat, with liquids volumes up 3.0%.

Cash flow from operations and asset sales was USD 12.0 billion, including proceeds associated with asset sales of USD 1.8 billion.

Share purchases to reduce shares outstanding were USD 3 billion.

Dividends per share of USD 0.63 increased 11% compared to the fourth quarter of 2012.

Statoil and ExxonMobil announced the fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet of natural gas in place in the Mronge-1 well brings the total gas resource estimate to 17-20 trillion cubic feet.

The Alaska LNG project announced selection of a lead site for the liquefied natural gas plant in the Nikiski area on the Kenai Peninsula. Together with the ongoing multi-year summer field work, this is a key step forward for the project and continued progress toward building Alaska’s energy future.

ExxonMobil commissioned a new hydrotreater at its Singapore refinery, which increased the site’s ultra-low sulfur diesel production capacity by 62 thousand barrels per day. The new unit, along with the recently completed petrochemical expansion project at our Singapore complex, positions ExxonMobil to competitively deliver high-value products to the growing Asia Pacific region.