• Upstream
  • Pipelines & Transport
  • Downstream
Thursday, September 4, 2025
Oil&Gas Advancement
  • Home
  • News
    Egypt commits 400m investment

    Egypt Commits $400m Investment to Build a Gas Pipeline

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    US LNG exports

    US LNG Exports Fuel Shale Gas Production Expansion

    North Sea oil discovery

    Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

    Oil Gas Exploration in Mediterranean Sea

    Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

    Iraq Chevron Signs Deal

    Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

  • Projects
    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Natural Gas Transition Boost Economy in Northwestern Tunisia

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Market Reports

Exxon Mobil Corporation Announces Estimated Second Quarter 2014 Results

in Market Reports, Upstream
Share on FacebookShare on Twitter

“ExxonMobil’s financial results were achieved through strong operational performance and portfolio management. We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases.

“Upstream production for the year remains in line with plans and we continue to add volumes from our high-quality development portfolio through assets such as the Papua New Guinea LNG project, which started up ahead of schedule during the quarter.

“Second quarter 2014 earnings were $8.8 billion, up 28 percent from the second quarter of 2013, reflecting strong operations and asset divestments.

“Capital and exploration expenditures for the first half of 2014 were $18.2 billion, down 17 percent from the first half of 2013.

“Through the first half of 2014, the Corporation distributed $11.7 billion to shareholders through dividends and share purchases to reduce shares outstanding.”

SECOND QUARTER HIGHLIGHTS

  1. Earnings of $8,780 million increased $1,920 million or 28 percent from the second quarter of 2013.
  2. Earnings per share (assuming dilution) were $2.05, an increase of 32 percent.
  3. Capital and exploration expenditures were $9.8 billion, down 4 percent from the second quarter of 2013.
  4. Oil-equivalent production decreased 5.7 percent from the second quarter of 2013. Excluding the impact of the expiry of the Abu Dhabi onshore concession, production decreased 2.3 percent.
  5. Cash flow from operations and asset sales was $12.8 billion, including proceeds associated with asset sales of $2.6 billion.
  6. The Corporation distributed $6 billion to shareholders in the second quarter of 2014, including $3 billion in share purchases to reduce shares outstanding.
  7. Dividends per share of $0.69 increased 9.5 percent compared with the second quarter of 2013.
  8. ExxonMobil shipped the first cargo of liquefied natural gas (LNG) from the Papua New Guinea (PNG) LNG project ahead of schedule. PNG LNG is expected to produce more than nine trillion cubic feet of gas over its estimated 30 years of operations and exemplifies ExxonMobil’s leadership in project execution, advanced technologies, and marketing capabilities.
  9. Offshore Sakhalin Island in Russia, the 42,000-ton topsides of the Berkut platform were installed onto the gravity-based structure at the Arkutun-Dagi field. The platform will be the largest offshore oil and gas production platform in Russia, making the Sakhalin shelf a model of world-class oil and gas sub-arctic project development. Arkutun-Dagi is expected to start up late this year and add up to 90 thousand barrels per day of oil (gross) to Sakhalin-1 current production volumes.
  10. Construction started on the ethane cracker at the Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. The steam cracker will have a capacity of up to 1.5 million tons per year and provide ethylene feedstock for chemical processing at two new 650,000 tons per year high-performance polyethylene lines at the Mont Belvieu plastics plant.

For more information visit: http://news.exxonmobil.com/press-release/exxon-mobil-corporation-announces-estimated-second-quarter-2014-results

Contact:

ExxonMobil
Media Relations, 972-444-1107 

Previous Post

MURPHY OIL ANNOUNCES PRELIMINARY SECOND QUARTER 2014 EARNINGS

Next Post

Enbridge Reports Second Quarter Adjusted Earnings of $328 Million or $0.40 Per Common Share

Related Posts

Major Energy Deals
News

Officials From Russia and The US Discuss Major Energy Deals

September 1, 2025
US LNG exports
Gases

US LNG Exports Fuel Shale Gas Production Expansion

August 27, 2025
North Sea oil discovery
Exploration Development

Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

August 27, 2025
Oil Gas Exploration in Mediterranean Sea
Exploration Development

Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

August 25, 2025
Iraq Chevron Signs Deal
News

Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

August 22, 2025
Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
Next Post

Targa Resources Partners LP and Targa Resources Corp. Report Second Quarter 2014 Financial Results, Update Outlook and Announce Management Changes

LatestNews

First Arctic LNG 2 Gas Delivery
Gases

First Arctic LNG 2 Gas Delivery from Russia to China Starts

September 1, 2025
Major Energy Deals
News

Officials From Russia and The US Discuss Major Energy Deals

September 1, 2025
Arctic LNG 2 Project from Russia
Europe

Arctic LNG 2 Project from Russia Achieves Record Gas Output

September 1, 2025
US LNG exports
Gases

US LNG Exports Fuel Shale Gas Production Expansion

August 27, 2025
North Sea oil discovery
Exploration Development

Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped

August 27, 2025
Oil Gas Exploration in Mediterranean Sea
Exploration Development

Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

August 25, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.