ExxonMobil to Scale Back Capital, Exploration Expenses in 2015

SUGAR LAND--November 3, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) expects capital and exploration expenditures for next year to total about $37 billion, down from the 2013 high of $42.5 billion, an executive said during the company's third-quarter earnings conference call. Better returns for downstream and chemical operations helped ExxonMobil overcome lower upstream profits for the third quarter, the company reported. Earnings rose 3% from third-quarter 2013 to $8.07 billion, the company said. Total revenues and other income fell 4% to $107.49 billion during the quarter. Industrial Info is tracking 211 active Exxon Mobil projects worth more than $161 billion.

Within this article: Details of Exxon Mobil's third-quarter 2014 earnings, with capital expenditure updates.

Other companies featured: Linn Energy (NASDAQ:LINE), Chevron (NYSE:CVX), Royal Dutch Shell (NYSE:RDS.A)