Boston, MA 05/02/2014 (wallstreetpr) – Recently, Exxon Mobil Corporation (NYSE:XOM) has declared the results of the first quarter of the year 2014. The results look good but have fallen as compared to the last year’s results for the same quarter. This implies that though the company is earning profits, it is not progressing. Exxon has declared a dividend that will be payable to the shareholders of common stock for the second quarter of the year 2014.
Results for Q1 announced
Exxon has announced the results for the first quarter of the year 2014, which amount to a total of $9.1 billion. This amount fell down by 4% as compared to the earnings of the same quarter in the last year. The expenditures on capital and exploration have been totaled up to the sum of $7.8 billion. This amount has also reduced by 11%, which is good. Exxon Mobil Corporation (NYSE:XOM) has distributed a total amount of $5.7 billion to its shareholders in Q1 as dividends and so as to reduce outstanding shares, some amount has been paid as share purchases. The diluted earning per share was reported to be $2.10 showing a decrease of 1%. The oil-equivalent production of Exxon has reduced by 5.6% as compared to the Q1 of the last year. The cash flow generated through sale of assets and operation was $16.2 billion. The amount spent on share purchases amounted to a total of $3 billion alone.
Dividend declared
Exxon has declared that it would be distributing dividends to the common stock shareholders, which will become payable to the on June 10, 2014. To the shareholders on record this will become payable on May 13, 2014, at the close of the business. The Q2 dividend would be 69 cents per share while that distributed in the first quarter was 63 cents per share. Exxon has reported that it is through these dividends that Exxon Mobil Corporation (NYSE:XOM) has shared its success with the shareholders.
