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Have ExxonMobil’s Refined Products Sales Fallen?

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ExxonMobil’s refined product sales

In 3Q16, ExxonMobil (XOM) sold 5.6 MMbpd (million barrels per day) of refined products, registering a 4% fall over 3Q15. XOM sold 2.3 MMbpd of gasoline and naphtha—41% of its total refined products sold—in the quarter. It also sold 1.8 MMbpd of heating oils, kerosene, and diesel—32% of its total refined products sold.

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Peers’ refined product sales

Royal Dutch Shell’s (RDS.A) refined products sales were made up of 32% gasoline and 41% kerosene and diesel in 3Q16. 

If you’re looking for exposure to downstream sector stocks, you can consider the iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The ETF has ~20% exposure to refining sector stocks.

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