(Finance) – Exxon Mobilthe US oil giant, recorded revenues for 90.5 billion dollars in the first quarter of 2022, a significant increase compared to the 59.2 billion dollars in the same period of 2021. Theuseful it was $ 5.5 billion, or $ 1.28 per share, up from $ 2.7 billion, or $ 0.64, a year ago. L’adjusted earnings per share was $ 2.07. Market expectations, according to Refinitiv data, were for an earnings per share of $ 2.12 on revenues of $ 92.73 billion.
There oil equivalent production was 3.7 million barrels per day in the first three months of the year, down 4% from the fourth quarter of 2021 due to unscheduled downtime due to weather conditions, scheduled maintenance, lower fees associated with higher prices and divestments. The findings included a $ 3.4 billion after-tax hit from Operation Russia Sakhalin-1.
“The quarter illustrated the strength of our underlying business and significant progress in further developing our competitive manufacturing portfolio,” said CEO Darren Woods. offset by meteorological and thunderstorm impacts.The absence of these temporary impacts in March provides one strong and positive momentum for the second quarter“.
In the first three months of the year Exxon Mobil started the buyback previously announced $ 10 billion, repurchasing shares for a total of $ 2.1 billion. The company has ramped up this program and now plans to buy back up to a total of $ 30 billion by 2023.