Quarterly / Earnings Reports | Third Quarter (3Q) Update | Financial Results | Capital Markets
Exxon Reports Q3 2018 Financial, Production Results
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Exxon Mobil reported its Q3 2018 results.
Production Highlights - Up +6% from 2Q18:
- Q3 production was 3.8 MMBOEPD, down 2% YOY and up +6% from 2Q18
- Liquids production increased 6%, as growth in North America more than offset decline and higher downtime.
- Natural gas volumes decreased 4%, largely due to a continuing near-term shift in U.S. unconventional development from dry gas to liquids
Q3 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 10 percent from the prior year.
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