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ExxonMobil profits up 84% between January and September

US oil major ExxonMobil today announced that in the first nine months of this year its net profit rose 84% to $ 11.33 billion and revenues increased 17%.

NEW YORK (Reuters) - US oil major ExxonMobil today announced that in the first nine months of this year its net profit rose 84% to 11,330 ExxonMobil reported that earnings per share in the first quarter of 2007 were $ 0.8 billion, compared to the same period last year. the first nine months was $ 2.66, compared to the profit of $ 1.47 it had in the same period last year.

Revenue in the first nine months came to 192,328 million more than the $ 165,078 million posted between January and September of last year. For the third quarter of the year, Wall Street, ExxonMobil had a 50% increase in net profits over the same period last year to $ 3.97 billion.

Quarterly net profit per share was 93 cents, up from 63 cents in the third quarter of 2016, while revenues grew 13% to $ 66,165 million.

higher than analysts had expected, estimating quarterly earnings per share of 86 cents and revenue of $ 62.8 billion.

Oil prices were not being well received today on Wall Street, as its shares were down 0.67% half an hour after the opening of Wall Street.

The company announced that the impact of Hurricane Harvey, which punished the United States in August and September, represented a reduction of 4 cents in quarterly profit per ExxonMobil announced that between January and September, its upstream or hydrocarbon extraction operations generated 5,003 million dollars, of which 5,442 million contributed their operations outside the United States and the rest were losses within the country.

The company recalled that in the first nine months of 2016 the upstream generated profits of US $ 838 million, mainly due to losses of US $ 1,823 million in US extraction operations during that period.

Much of the increase in This year's upstream benefits are linked to the recovery of crude oil prices, as the extraction of hydrocarbons between January and September decreased by 2.7% to the same period of 2016.

In terms of downstream or refining, these operations generated in the first nine months of the year 4,033 million dollars of profit, compared to 2,960 millions of dollars from the same period last year.

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