ExxonMobil Chemical earnings fall 21% on lower margins

ExxonMobil Chemical reported chemical earnings of $790 million, down 21% from the year-ago quarter, due to lower margins. The company says lower margins decreased earnings by $150 million and all other items, mainly unfavorable foreign exchange effects, reduced earnings by $60 million. US chemical earnings were $565 million, up 5% from the year-ago quarter. Non-US chemical earnings fell 53%, to $225 million, ExxonMobil says. Third-quarter prime product sales of 5.95 million m.t were down 4.6%, mainly because of the sale of certain Japanese assets, the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers