Madrid, February 7 (EFE) .- The collapse of prices in recent months has affected the outcome of Big Oil, especially in the accounts for the last quarter of 2014, when the fall in the price It has been more pronounced.
The four majors listed -ExxonMobile, BP, Royal Dutch Shell and Chevron won last year 70.593 million dollars (62,200 million), up 25% on 2013 , weighed down by falling oil prices.
The barrel of reference in Europe, has become in recent weeks trading below $ 50, far from the $ 100 it was noted in the late summer of 2014, when it began its downward path.
So, the most affected accounts have been those relating to the last quarter of 2014 when the four majors won 6.407 million dollars ( 5.645 million euros), 60% less.
ExxonMobil almost equaled its annual profit to account for 32,580 million dollars (28.725 million euros), although its profits in the last three months of 2014 plummeted 21%.
In 2014, US oil entered 411.939 million dollars (363,000 million), 6% less than last year.
These accounts were very affected by falling oil prices, although they could be saved, according to the company, thanks to business diversification of the group.
Meanwhile, Shell won 15.052 million dollars (13.336 million euros) in 2014 8% less, while quarterly profit plunged more than 50%.
The annual turnover of 421.105 million dollars (373.099 million euros), fell 7.1%.
Despite the sharp drop in oil prices, the CEO of the oil, Ben van Beurden, has advocated a “prudent attitude” and has asked to be careful not to overreact.
The annual profit of BP plummeted by 83.9% to 3,780 million (3,330 million euros), after posting a loss of more than 4,000 million in the fourth quarter due to falling oil prices.
Despite these factors, revenues were relatively stable in 2014, when it closed with 353.568 million dollars (311.139 million euros), 6.7% less.
The CEO of the company, Bob Dudley, counselor noted on the occasion of the presentation of the accounts that BP must now focus on balancing its capital program and meet the costs to “the new reality of low prices” oil.
Meanwhile, Chevron won 19,241,000 dollars (17,000 million euros) in 2014, down 10% after net profit last quarter almost 30% from sinking.
Revenue fell last year by 8.9% to 200.494 million dollars (177,000 million euros).
The group’s president, John Watson, told the regarding the fall in profit is due to the “sharp decline in international oil prices,” while stressing that the decline was cushioned by the success of the division refining and marketing.
Spanish oil company only listed company, is scheduled to present its’ 2014 accounts on 26 February.
Below are attached two tables with net profit -pérdidas parenthetically, expressed in dollars, of each of the four companies and the sum of all in 2014 and 2013, and the difference between them. The first table refers to the annual results and the second to the results of the last quarter of the years 2014 and 2013.
COMPANY 2014 2013 DIFFERENCE
ANNUAL
ExxonMobil 32,520 32,580 -0.18%
Shell 15,052 16,371 -8.06%
Chevron 19,241 21,423 -10.19%
BP 3,780 23,451 -83.88%
Total 70 593 93 825 -24.76%
FOURTH QUARTER
ExxonMobil 6,570 8,350 -21.32%
Shell 773 1,781 -56.60%
Chevron 3,471 4,930 -29.59%
BP (4,407) 1,042 –
Total 6,407 16,103 -60, 21%
EFE
(Resource file in www.lafototeca.com Code:. 3,686,816 and others)
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