ExxonMobil Q1 chemical earnings rise 62% on higher margins

25 April 2013 13:53  [Source: ICIS news]

HOUSTON (ICIS)--ExxonMobil’s 2013 first-quarter chemical segment earnings rose 62% year on year to $1.14bn (€878m), driven by higher margins, mainly in commodities, the US-based energy and chemicals major said on Thursday.

Chemical segment earnings in the US rose to $752m, from $433m in the 2012 first quarter, and chemical earnings outside the US rose to $385m, from $268m.

First-quarter prime product sales in the chemicals segment fell to 5.91m tonnes, from 6.34m tonnes in the same period a year ago, due mainly to restructuring in Japan, the company said.

ExxonMobil’s overall first-quarter earnings rose 1% year on year to $9.5bn on revenues of $108.8bn, down from $124.1bn in the 2012 first quarter.

($1 = €0.77)

By: Stefan Baumgarten
+1 713 525 2653

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