Exxon Mobil's earnings fall
US oil giant Exxon Mobil said Thursday its earnings fell 11 percent in the first quarter of the year, due to lower oil-and-gas production and higher exploration costs.
Earnings for the first quarter were $9.5 billion, down from $10.7 billion in the year-ago period, the world's biggest energy company by market value said in a statement.
The company's oil-equivalent production fell more than five percent, offsetting gains from higher oil and gas prices, the company said.
Oil and gas prices rose to the highest levels ever recorded during a first quarter, reported Xinhua.
The company's operational expenses rose to $1 billion, also contributing to its weaker-than-expected first-quarter performance.
Total revenue for the first quarter increased nine percent to $124 billion, from $114 billion a year ago, said the company, based in Texas.
Exxon Mobil is not the only US oil giants that were hurt by lower production. The country's third largest oil company ConocoPhillips said Monday its first-quarter profit dropped 3 percent because it produced less oil and gas.
Comments
More Indonesia News
RSS-
Surakarta hosts traditional children games’ festival this weekend
Surakarta (commonly known as Solo) is hosting a festival of Javanese traditional games for children this weekend, which is expected to attract 200 participants. The festival is being organized by the … Full News here ...
-
Chance of survivors declines at Indonesian mine
In this photo taken and released by PT Freeport Indonesia Friday, May 17, 2013, the Indonesian unit of Arizona-based Freeport-McMoRan Copper & Gold Inc, rescuers gather inside a tunnel that collapsed on Tuesday morning as they continue their attempt to rescue trapped workers at Big Gossan mining area in Mimika, Papua province, Indonesia. Mining activities at a giant U.S.-owned gold and ...
-
British woman died after drinking poisoned gin on holiday in Indonesia
The woman, named in reports as Cheznye Emmons, is said to have fallen ill after drinking from a bottle labelled "gin" bought from a local shop. A Foreign Office spokesman said: "We can confirm the death of a British national in Indonesia and we are providing consular assistance to the family at this difficult time." Reports said the 23-year-old beauty therapist from Great ...
-
16 hospitals withdraw from Jakarta healthcare program
Jakarta Deputy Governor Basuki 'Ahok' Tjahaja Purnama confirmed that 16 hospitals had withdrawn from the Jakarta administration's healthcare program, Jakarta Health Card (KJS), due to their objections to the government's reimbursement policy. "We are sorry that these hospitals experienced financial losses during their participation in this program," Basuki said on ...
-
Monsanto eyes RI’s corn rise on new seeds
Paper Edition | Page: 14 US-based biotech giant Monsanto Indonesia plans to help boost Indonesia's corn production by more than half in two years time by introducing its genetically modified corn seeds.Monsanto Indonesia corporate affairs head Herry Kristanto said on Thursday that the company expected Indonesia's corn yield to increase from its current 4.95 tons per hectare to 7.5 ...
-
Trade mission eyes up Indonesia opportunities
A 52-strong trade mission is flying to Indonesia this weekend for two weeks of intensive briefings and meetings. It is being led by Maurice Williamson and Sir Ken Stevens, who's chairman of Export New Zealand. Representatives of the food and beverage, education, geothermal and banking sectors are going, along with a large group from the aviation industry. Sir Ken says there's huge potential for ...
-
Hopes fade for those still trapped in Freeport Indonesia mine
This handout photograph received from Freeport Indonesia shows rescue personnel at the collapse section of a tunnel as they continue rescue operations for trapped mine workers in the tunnel of Big Gossan area at the Grasberg complex on May 17, 2013. Five workers were killed as search teams battled to reach 23 others still trapped in the US-owned mine Freeport-McMoRan, one of the world's ...
-
British woman may face death in Indonesia for drugs
JAKARTA (AFP) - A British woman could face the death penalty in Indonesia after being arrested for allegedly smuggling crystal methamphetamine into the country from China, an official said on Saturday.The woman, identified only by her initials AR, was arrested at a hotel in the city of Surabaya, East Java province, last month with 1.47 kilograms (three pounds, four ounces) of the drug, the ...
-
AFP cuts in Jakarta silly opposition
The coalition says the federal government's decision to cut two people-smuggling related federal police positions in Jakarta is ...
-
Palace calls SBY critics on freedom award narrow-minded
Paper Edition | Page: 4 A presidential spokesman said on Friday that howls of protest against a plan by the US-based Appeal of Conscience Foundation (ACF) to honor President Susilo Bambang Yudhoyono for upholding religious freedom would not change the fact that the President deserved the award. "The ACF is a credible organization. Thus, the statements from certain people claiming ...
-
Disgraced taxman wants to be justice collaborator
Paper Edition | Page: 4 A tax official recently named suspect for accepting bribes from a steel company said on Friday that he wanted to be a justice collaborator and expose graft at the tax office.Eko Darmayanto, the taxman, said after being questioned by the Corruption Eradication Commission (KPK) that he knew of top officials at the tax directorate general embroiled in graft."I will ...
-
Southern China rains kill 55 leave 14 missing
The Chinese Ministry of Civil Affairs website says at least nine provinces have had storms and some flooding and landslides since Tuesday. It says Guangdong province has been hit the hardest, with 36 deaths and 10 missing people, followed by Jiangxi province, where six people are reported dead and four more ...
-
Indonesia FM seeks new Asia treaty to curb conflicts
WASHINGTON: Indonesia's foreign minister called Thursday for a new treaty spanning across Asia to help build trust, warning of the potential for conflict in the fast-changing region if tensions fester.On a visit to Washington, Foreign Minister Marty Natalegawa said that a new treaty could help end "the all-too-familiar vicious cycle of tensions" in Asia and instead encourage ...
-
Complete News – Accused people smuggler faces extradition hearing in Jakarta – Jakarta Video
http://www.youtube.com/CompleteNews Complete News Plz Subscrib for Latest News A man believed to be Indonesia’s most active people-smuggler is facing an ...
-
CORRECTED-Indonesia offers 21 oil and gas blocks in tender
Fri May 17, 2013 10:34pm EDT (Corrects number of unconventional gas blocks offered, removes references to coalbed methane blocks.) JAKARTA May 17 (Reuters) - Indonesia opened a rights tender for 21 oil and gas exploration blocks on Friday, two of which are for unconventional gas concessions on the islands of Borneo and Sumatra, as Southeast Asia's largest economy moves to shore up its energy ...
-
Indonesia executes three on death row
For almost five years Indonesia did not execute a prisoner on death row. But since a Malawian drug smuggler broke that drought on March 15, the floodgates have opened. In the early hours of Friday, three people - all Indonesians and all murderers - were taken from their cells and shot. The news will cause further dismay to Australian drug smugglers Myuran Sukumaran and Andrew Chan, who are on ...
-
Atletico beats Real Madrid to win Copa del Rey as Ronaldo Mourinho ejected
Atletico Madrid players hold their trophy as they celebrate their victory against Real Madrid, after their Spanish King's Cup final soccer match at Santiago Bernabeu stadium in Madrid May 17, 2013. (SERGIO ...
-
New curriculum may be behind schedule
The Education and Culture Ministry's director general for secondary education, Hamid Muhammad, said the implementation of the new national curriculum, which is scheduled to begin on July 15, may be postponed.He said House of Representatives' Commission X overseeing education and sports had not approved the revised budget allocated for the new curriculum."We hope that the House ...
-
SBYs lecture marred by minor protest
More than a dozen people, claiming to be students, staged a protest in front of the Defense Ministry in Jakarta on Friday afternoon demanding the government investigate unresolved cases of human rights violations.The demonstrators highlighted the fact that many cases, particularly the 1998 kidnappings, remain unsolved despite Yudhoyono's repeated pledges to settle them.The demonstration, ...
-
Religious-freedom award to Indonesian leader draws protests
Catholic leaders in Indonesia are protesting the decision of an American foundation to honor the country's President Susilo Bambang Yudhoyono for his contributions to inter-religious dialogue. The New York-based Appeal to Conscience Foundation named Yudhoyono as this year's recipient of the World Statesman Award. Father Franz Magnis Suseno, has led protests, observing that the ...
-
A year after IPO Facebook aims to be ad colossus
FILE - In this May 18, 2012, file photo, provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, from Facebook headquarters in Menlo Park, Calif. Amid the hype and excitement surrounding Facebook's initial public offering, there were looming doubts. Potential investors wondered whether the social network could ...
-
Indonesia steps up killing of death row prisoners
For almost five years Indonesia did not execute a prisoner on death row. But since a Malawian drug smuggler broke that drought on March 15, the floodgates have opened. In the early hours of Friday, three people - all Indonesians and all murderers - were removed from their cells and shot. The news will cause further dismay to Australian drug smugglers Myuran Sukumaran and Andrew Chan, who are ...
News from around our Network
Comments
No comments yet for this story
Have your say