Energy giants ExxonMobil and BP released their full Year and 4Q Results 

The international energy companies ExxonMobil and BP have issued press releases to publish their full Year and 4Q Results.

ExxonMobil

ExxonMobil Earns $16.2 Billion in 2015; $2.8 Billion During Fourth Quarter

• Focus remains on business fundamentals, including project execution and cost management
• Downstream and Chemical results highlight strength of integrated businesses
• Six major Upstream projects contribute to 3.2 percent volume growth

Exxon Mobil Corporation announced estimated 2015 earnings of $16.2 billion compared with $32.5 billion a year earlier. Higher Downstream and Chemical earnings were offset by sharply lower commodity prices in the Upstream.

Fourth quarter earnings were $2.8 billion, or $0.67 per diluted share, down from $6.6 billion in the fourth quarter of 2014. Lower commodity prices in the Upstream were partly offset by higher Downstream earnings.

BP

BP reports full year and 4Q 2015 results; dividend remains unchanged

BP  reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit(1) for the full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth quarter of 2014.

Underlying operating cash flow(2) for the fourth quarter of 2015 was $5.9 billion, bringing the total for the year to $20.3 billion, compared with $32.8 billion for 2014, down 38%.

BP took $2.6 billion in non-operating post-tax charges in the fourth quarter, primarily related to impairments of Upstream assets as well as restructuring charges for the Group. Including these charges and other offsetting effects, BP reported a replacement cost loss for the fourth quarter of 2015 of $2.2 billion.

BP also announced a dividend of 10 cents per ordinary share for the quarter, payable in March. The dividend remains unchanged.

Source: ExxonMobil, BP

 

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