ExxonMobil announces Q4 and fiscal year 2014 results

Eagle Ford

IRVING, February 2, 2015 – The ExxonMobil Corporation disclosed its full-year 2014 earnings on Monday, reporting better-than-expected results. The company’s balances showed that it had earned $32.5 billion, marginally less than 2013’s $32.6 billion. However, lower commodity prices did significantly dent ExxonMobil’s fourth quarter earnings, which were down about 20 percent to $6.6 billion.

While the company’s upstream and downstream earnings over the fourth quarter of 2014 were lower than during the same period a year earlier, there were some exceptions. Exxon’s earnings from its upstream operations in the US were up $317 million over the fourth quarter of 2013 to reach $1.5 billion. The company’s chemicals division also performed well during the final months of 2014, earning $1.2 billion. In the fourth quarter of 2013, chemicals earnings were $883 million.