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Refining margins boost 4Q profit at Exxon Mobil

Exxon mobil corporation said Friday that the fourth quarter revenue of $995 million us dollars, up 6%, from higher oil refining profit margin of the help.
The oil giant head almost missed a record annual earnings. It in 2012 revenue of $4.488 billion, about 3.4 million shy its $2008 in 4.522 billion, a record high for the listed company trademark.
Exxon mobil is still most of the income from the production of oil and gas, but for this business profitability is a year ago because of the lower price and production. The difference of the refining business.
The nation's largest oil company said Friday that the net income is equivalent to $2.20 per share, $9.4 billion, or $97 per share, and over the same period last year. But revenue fell 5% to $11.517 billion, $644 million down.
Survey of analysts FactSet expected income of $11.522 billion, profit of $1.99 per share.
Oil and gas exploration and production profits fell 12%, but still a total of $776 million, more than three-quarters of exxon mobil company's quarterly earnings. Production fell 5%, oil prices, the company adopted a less money from selling assets.
Exxon outside the United States production of oil. Overseas production profit fell nearly one 5, but partly offset by exxon, improve its profit from the United States production more than a third.
Exxon mobil corporation other profit exploration and production outside, mostly from oil refining and marketing petroleum products, such as gasoline, diesel and jet fuel. The business in the fourth quarter performance is very good, the income of $1.8 billion us dollars, up by more than $1.3 billion, compared with the same period last year, this is mainly due to higher oil refining profit.
Other refinery also reported a better profits of this season, because they from foreign crude oil cheaper American petroleum. On Friday, the us benchmark crude oil market price is about $97 a barrel, $19 than the same amount of brent crude oil futures, the international oil source measuring rod.
In the gulf coast of exxon mobil oil refinery, "we have more than tripled processing (cheap) North America crude oil in the past few years, the company's investor relations vice President David Rosenthal," conference call told analysts. He refused to reveal the exact number or percentage.
, Texas Owen's Exxon Mobil (Exxon Mobil) said that $500 million in the quarter buy back its own stock, and plans to spend $500 million last time in the first three months of 2013.
Exxon mobil shares rose 7 cents at $90.04 on Friday. They won the 4% in January.
, the second largest oil company, chevron report, the fourth quarter net income year-on-year growth of 41%, to $723 million. This results in Australia from the asset exchange the earnings of $1.4 billion.



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