Quarterly / Earnings Reports | First Quarter (1Q) Update | Financial Results | Capital Markets
ExxonMobil Spends 41% More YOY in Q1; Production Only Up +2% YOY
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ExxonMobil reported its Q1 2019 financial results and select operational highlights.
Financial Results - Spent 41% More YOY in Q1
Exxon spent $6.89 billion in Q1, up +41% from $4.87 billion spent in Q1 2018.
| First | First | Fourth | |||||||||||||||
| Quarter | Quarter | Quarter | |||||||||||||||
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2019 |
2018 |
% |
2018 |
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| Earnings Summary | |||||||||||||||||
| (Dollars in millions, except per share data) | |||||||||||||||||
| Earnings (U.S. GAAP) | 2,350 | 4,650 | -49 | 6,000 | -61 | ||||||||||||
| Earnings Per Common Share | |||||||||||||||||
| Assuming Dilution | 0.55 | 1.09 | -50 | 1.41 | -61 | ||||||||||||
| Capital and Exploration | |||||||||||||||||
| Expenditures | 6,890 | 4,867 | 42 | 7,843 | -12 | ||||||||||||
Production - Only Up +2% YOY
Oil-equivalent production was 4 MMBOE/d, up 2% from the first quarter of 2018.
Excluding entitlement effects and divestments, oil-equivalent production was up 3 percent from the first quarter of 2018. Upstream liquids production grew by 5 percent compared with the first quarter of 2018, driven by Permian unconventional growth of nearly 140 percent.
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