Share Facebook connection opens in a whole new window Twitter url opens in a fresh window Linkedin connection opens in a completely new window 1 Email url opens in a whole new window copy to clipboard close Print ExxonMobil announces second-quarter 2023 outcomes
The expression “challenge” as applied Within this information release can consult with a spread of various pursuits and won't always hold the exact same this means as in any federal government payment transparency stories. Projects or plans may well not mirror financial commitment selections produced by the company.
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, and manufactured biofuels, which includes completion of the Denbury acquisition; variations in legislation, taxes, or regulation which includes environmental and tax restrictions, trade sanctions, and timely granting of governmental permits and certifications; timing and final result of hydrogen projects; cash move, dividends and shareholder returns, such as the timing and amounts of share repurchases; long run debt ranges and credit ratings; enterprise and venture plans, timing, costs, capacities and returns; and useful resource recoveries and output charges, could differ materially because of numerous variables. These contain international or regional
Chemical Products 2nd-quarter earnings were $828 million, up from $371 million in the very first quarter, largely on enhanced margins from decreased feed costs. Earnings also benefited from reduced planned maintenance expenditure and improved income volumes.
modifications in the supply and need for oil, organic fuel, petrochemicals, and feedstocks along with other market variables, economic ailments and seasonal fluctuations that effect costs and differentials for our merchandise; govt procedures supporting decrease carbon investment decision opportunities these types of as the U.S. Inflation Reduction Act or guidelines limiting the attractiveness of foreseeable future financial investment such as the additional European taxes over the Strength sector; variable impacts of buying and selling pursuits on our margins and final results Every quarter; steps of opponents and industrial counterparties; the result of commercial negotiations, which include final agreed conditions and terms; the ability to access personal debt markets; the final word impacts of COVID-19 or other general public health and fitness crises, including the outcomes of government responses on individuals and economies; reservoir overall performance, together with variability and timing elements relevant to unconventional resources; the extent and end result of exploration jobs and choices to invest in long term reserves; well timed completion of progress as well as other design projects; remaining management approval of foreseeable future initiatives and any adjustments during the scope, conditions, or prices of these types of initiatives as accredited; authorities insurance policies and assist and industry demand for lower carbon technologies; war, civil unrest, attacks versus the business or business and various political or safety disturbances; expropriations, seizure, or potential, insurance policies or shipping restrictions by overseas governments or regulations; prospects for possible acquisitions, investments or divestments and pleasure of relevant conditions to closing, which includes well timed regulatory approvals; the seize of efficiencies inside and amongst business lines and the chance to maintain in the vicinity of-term Charge reductions as ongoing efficiencies; unforeseen complex or working troubles and unplanned servicing; the event and competitiveness of different Strength and emission reduction systems; the outcome of research courses and the opportunity to bring new technologies to commercial scale on a cost-competitive basis; and various elements reviewed under Merchandise 1A. Chance Things of ExxonMobil’s 2022 Kind ten-K.
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More details with regard to the Distribution is ready out in here the management info round of the corporate dated July 10, 2024 (the "Circular"), a replica of which is available gratis under the organization's profile in the Canadian Securities Administrators' Site at .
The Baytown chemical growth challenge, which can add 750 kta of general performance chemical substances generation, achieved mechanical completion in the next quarter, having a phased start-up expected during the third quarter this calendar year.
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Decrease margins had been partly offset by higher volumes from the primary complete quarter of your Beaumont refinery expansion, decrease scheduled routine maintenance, and continued strong reliability.
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This push release also references structural Value discounts. Structural Price tag discounts explain decreases in cash opex excluding Vitality and creation taxes because of operational efficiencies, workforce reductions, and also other Value-saving steps which have been predicted to generally be sustainable compared to 2019 degrees. Relative to 2019, approximated cumulative structural Price price savings totaled
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