ExxonMobil Q3 chemical earnings fall 21% on lower margins

01 November 2012 12:46  [Source: ICIS news]

HOUSTON (ICIS)--ExxonMobil’s third-quarter chemical segment earnings fell 21% year on year to $790m (€608m) because of lower margins and unfavourable exchange rate effects, the US-based energy and petrochemicals firm said on Thursday.

ExxonMobil’s third-quarter prime product sales in the chemicals segment were down 4.6% or 285,000 tonnes, to 5.947m tonnes, mainly because of restructuring in Japan, the company said.

Overall, ExxonMobil’s third-quarter earnings fell 7.4% year on year to $9.57bn, partly because of lower production volumes and lower liquids and natural gas realisations, it said.

($1 = €0.77)

By: Stefan Baumgarten
+1 713 525 2653

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