EX-99.1 2 f8k2q991.htm NEWS RELEASE  

 

 

EXHIBIT 99.1

News Release

 

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

  

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, AUGUST 1, 2013

 

 

 

 

 

 

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

SECOND QUARTER 2013 RESULTS

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

 

First Half

 

 

 

 

 

2013

2012

 

%

 

2013

2012

 

%

Earnings

 

 

 

 

 

 

 

 

 

 

 

$ Millions

 

6,860 

15,910 

 

-57 

 

16,360 

25,360 

 

-35 

 

$ Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

Assuming Dilution

 

1.55 

3.41 

 

-55 

 

3.67 

5.41 

 

-32 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

 

 

 

 

Expenditures - $ Millions

 

10,244 

9,339 

 

10 

 

22,019 

18,173 

 

21 

 

 

 

ExxonMobil's Chairman REX W. TILLERSON commented: 

“ExxonMobil’s second quarter results reflect continued strong operational performance and investments to meet growing demand for oil, natural gas and chemical products in the years ahead.

 

Second quarter earnings were $6.9 billion, down 57% from the second quarter of 2012.  Excluding the prior year net gain of $7.5 billion associated with divestments and tax‑related items, earnings were down 19%.  Weaker refining margins and volumes associated with planned refinery turnaround and maintenance activities negatively impacted Downstream earnings.

 

Capital and exploration expenditures were $10.2 billion in the second quarter and $22 billion for the first six months of 2013, in line with anticipated spending plans.

 

 

The Corporation distributed $6.8 billion to shareholders in the second quarter through dividends and share purchases to reduce shares outstanding.”

 

 

 

 

 

 

 

SECOND QUARTER HIGHLIGHTS

 

 

 

  

•

Earnings of $6,860 million decreased $9,050 million or 57% from the second quarter of 2012 reflecting the absence of a prior year net gain of $7.5 billion associated with divestments and tax‑related items.

  

 

  

•

Earnings per share (assuming dilution) were $1.55, a decrease of 55%.  Excluding prior year divestments and tax‑related items, earnings per share were down 14%.

 

 

  

•

Capital and exploration expenditures were $10.2 billion, up 10% from the second quarter of 2012, in line with anticipated spending plans.

 

 

  

•

Oil‑equivalent production decreased 1.9% from the second quarter of 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was essentially flat.

 

 

  

•

Cash flow from operations and asset sales was $8.0 billion, which includes an unfavorable working capital impact of about $5 billion primarily related to the timing of tax payments and planned operational events.  Proceeds associated with asset sales were $0.3 billion.

 

 

  

•

Share purchases to reduce shares outstanding were $4 billion.

 

 

  

•

Dividends per share of $0.63 increased 11% compared to the second quarter of 2012.

 

 

  

•

As announced on April 27, 2013, production started from the Kearl oil sands project in Alberta, Canada.  The initial phase is expected to produce 110,000 barrels per day, with the expansion project expected to double production capacity by late 2015.

 

 

  

•

Rosneft and ExxonMobil announced the achievement of several milestones under their 2011 Strategic Cooperation Agreement, including the formation of joint ventures for the Kara Sea and Black Sea projects, and the establishment of foundations for joint ventures to explore seven other licenses in the Russian Arctic and to manage the joint West Siberia tight oil project.  The companies have also agreed to move to the next planning phase for an LNG development in the Russian Far East.

 

 

 

•

ExxonMobil recently announced expansions to increase premium base stocks production at the Baytown, Texas and Singapore refineries, with production expected to be available by early 2015.  The projects will increase capacity by 30%, maintaining our position as one of the industry’s leading global suppliers of high‑quality base stocks. 

 

 

  

•

ExxonMobil’s Singapore Chemical Plant began producing ethylene from the facility’s second world-scale steam cracker, more than doubling steam‑cracking capacity at the site and significantly increasing specialties capacity.  The new steam cracker improves feedstock flexibility and well positions the Singapore complex to serve growth markets in Asia Pacific.

 

 

 

- 2 -

 

 

 

 

Second Quarter 2013 vs. Second Quarter 2012

 

Upstream earnings were $6,305 million in the second quarter of 2013, down $2,053 million from the second quarter of 2012.  Higher natural gas realizations, partially offset by lower liquids realizations, increased earnings by $90 million, while lower volumes reduced earnings by $70 million.  All other items reduced earnings by about $2.1 billion, primarily reflecting the absence of a prior year gain in Angola and higher operating expenses, including reimbursement of past exploratory costs to Rosneft for the Black Sea and Kara Sea Joint Ventures.

 

On an oil‑equivalent basis, production decreased 1.9% from the second quarter of 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was essentially flat.

 

Liquids production totaled 2,182 kbd (thousands of barrels per day), down 26 kbd from the second quarter of 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was flat, as field decline was offset by project ramp‑up and lower downtime.

  

Second quarter natural gas production was 11,354 mcfd (millions of cubic feet per day), down 307 mcfd from 2012.  Excluding the impacts of entitlement volumes and divestments, natural gas production was flat, as field decline was offset by higher demand, lower downtime and project ramp‑up.

 

Earnings from U.S. Upstream operations were $1,096 million, $418 million higher than the second quarter of 2012.  Non‑U.S. Upstream earnings were $5,209 million, down $2,471 million from the prior year.

 

Downstream earnings were $396 million, down $6,250 million from the second quarter of 2012, due primarily to the absence of the $5.3 billion gain associated with the Japan restructuring.  Weaker margins, mainly in refining, decreased earnings by $510 million.  Volume and mix effects decreased earnings by $370 million, due primarily to higher planned maintenance.  All other items, primarily higher expenses, decreased earnings by $70 million.

- 3 -

 

 

 

 

 

Petroleum product sales of 5,765 kbd were 406 kbd lower than last year's second quarter reflecting the Japan restructuring and other divestment‑related impacts.

 

Earnings from the U.S. Downstream were $248 million, down $586 million from the second quarter of 2012.  Non‑U.S. Downstream earnings of $148 million were $5,664 million lower than last year. 

 

Chemical earnings of $756 million were $693 million lower than the second quarter of 2012.  The absence of the gain associated with the Japan restructuring decreased earnings by $630 million.  Lower specialties margins decreased earnings by $100 million.  Volume and mix effects increased earnings by $120 million.  All other items, including higher operating expenses, decreased earnings by $80 million.  Second quarter prime product sales of 5,831 kt (thousands of metric tons) were 141 kt lower than last year's second quarter.

 

Corporate and financing expenses of $597 million were relatively flat with the second quarter of 2012.

 

During the second quarter of 2013, Exxon Mobil Corporation purchased 45 million shares of its common stock for the treasury to reduce the number of shares outstanding at a cost of $4.0 billion.  Share purchases to reduce shares outstanding are currently anticipated to equal $3 billion in the third quarter of 2013.  Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time without prior notice.

 

- 4 -

 

 

 

 

First Half 2013 vs. First Half 2012

 

Earnings of $16,360 million decreased $9,000 million from 2012.  Earnings per share decreased 32% to $3.67. 

 

 

FIRST hALF HIGHLIGHTS

 

 

 

  

•

Earnings were $16,360 million, down $9,000 million or 35% from the first half of 2012.  Lower net gains from divestments impacted earnings by $8.8 billion.

 

  

•

Earnings per share decreased 32% to $3.67.  Excluding net gains from divestments, earnings per share increased 4%.

 

  

•

Oil‑equivalent production was down 2.7% from 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 0.9%.

 

  

•

Cash flow from operations and asset sales was $21.9 billion, including proceeds associated with asset sales of $0.7 billion.

 

  

•

The Corporation distributed over $14 billion to shareholders in the first half of 2013 through dividends and share purchases to reduce shares outstanding. 

 

  

•

Capital and exploration expenditures were $22 billion, up 21% from the first half of 2012, in line with anticipated spending plans.

 

 

Upstream earnings were $13,342 million, down $2,818 million from the first half of 2012.  Lower liquids realizations, partially offset by higher gas realizations, reduced earnings by $140 million.  Lower sales volumes decreased earnings by $340 million.  All other items, including lower net gains on asset sales, mainly in Angola, and higher expenses, reduced earnings by $2.3 billion.

 

On an oil‑equivalent basis, production was down 2.7% compared to the same period in 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 0.9%.

 

Liquids production of 2,188 kbd decreased 23 kbd compared with 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was down 0.9%, as field decline was partly offset by project ramp‑up and lower downtime.

- 5 -

 

 

 

 

 

Natural gas production of 12,278 mcfd decreased 571 mcfd from 2012.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 0.9%, with field decline partly offset by higher demand, lower downtime and project ramp‑up.

 

Earnings from U.S. Upstream operations for 2013 were $1,955 million, up $267 million from 2012.  Earnings outside the U.S. were $11,387 million, down $3,085 million from the prior year.

 

Downstream earnings of $1,941 million decreased $6,291 million from 2012 driven by the absence of the $5.3 billion gain associated with the Japan restructuring.  Higher margins increased earnings by $230 million, while volume and mix effects decreased earnings by $640 million.  All other items, including higher operating expenses and lower divestments, decreased earnings by $580 million.  Petroleum product sales of 5,760 kbd decreased 483 kbd from 2012.

 

U.S. Downstream earnings were $1,287 million, down $150 million from 2012.  Non‑U.S. Downstream earnings were $654 million, a decrease of $6,141 million from last year.

 

Chemical earnings of $1,893 million were $257 million lower than 2012.  The absence of the gain associated with the Japan restructuring decreased earnings by $630 million.  Higher margins increased earnings by $210 million, while volume and mix effects increased earnings by $130 million.  All other items increased earnings by $30 million.  Prime product sales of 11,741 kt were down 568 kt from 2012.

 

Corporate and financing expenses were $816 million in the first half of 2013, down $366 million from 2012, as favorable tax impacts were partially offset by the absence of the Japan restructuring impact.

 

Gross share purchases through the first half of 2013 were $9.7 billion, reducing shares outstanding by 108 million shares.

- 6 -

 

 

 

 

 

Estimates of key financial and operating data follow. 

 

 

ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on August 1, 2013.  To listen to the event live or in archive, go to our website at exxonmobil.com. 

 

 

Cautionary statement

 

Statements relating to future plans, projections, events or conditions are forward‑looking statements.  Actual results, including project plans, costs, timing, and capacities; capital and exploration expenditures; resource recoveries; and share purchase levels, could differ materially due to factors including: changes in oil or gas prices or other market or economic conditions affecting the oil and gas industry, including the scope and duration of economic recessions; the outcome of exploration and development efforts; changes in law or government regulation, including tax and environmental requirements; the outcome of commercial negotiations; changes in technical or operating conditions; and other factors discussed under the heading "Factors Affecting Future Results" in the “Investors” section of our website and in Item 1A of ExxonMobil's 2012 Form 10-K.  We assume no duty to update these statements as of any future date. 

 

- 7 -

 

 

 

 

Frequently used terms

 

This press release includes cash flow from operations and asset sales, which is a non‑GAAP financial measure.  Because of the regular nature of our asset management and divestment program, we believe it is useful for investors to consider proceeds associated with the sales of subsidiaries, property, plant and equipment, and sales and returns of investments together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities.  A reconciliation to net cash provided by operating activities is shown in Attachment II.  References to quantities of oil or natural gas may include amounts that we believe will ultimately be produced, but that are not yet classified as “proved reserves” under SEC definitions.  Further information on ExxonMobil's frequently used financial and operating measures and other terms is contained under the heading "Frequently Used Terms" available through the “Investors” section of our website at exxonmobil.com.

 

Reference to Earnings

 

References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement.  Unless otherwise indicated, references to earnings, Upstream, Downstream, Chemical and Corporate and Financing segment earnings, and earnings per share are ExxonMobil's share after excluding amounts attributable to noncontrolling interests.

 

 

The term “project” as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.

 

- 8 -

 

 

 

 

 

 

 

 

 

 

 

 

Attachment I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

SECOND QUARTER 2013

(millions of dollars, unless noted)

 

 

 

 

Second Quarter

First Half

 

 

 

 

2013

 

2012

 

2013

 

2012

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

106,469 

 

127,363 

 

215,276 

 

251,416 

 

 

 

Total costs and other deductions

93,701 

 

101,172 

 

186,470 

 

207,710 

 

 

 

Income before income taxes

12,768 

 

26,191 

 

28,806 

 

43,706 

 

 

 

 

Income taxes

5,793 

 

8,537 

 

12,070 

 

16,253 

 

 

 

Net income including noncontrolling interests

6,975 

 

17,654 

 

16,736 

 

27,453 

 

 

 

 

Net income attributable to noncontrolling interests

115 

 

1,744 

 

376 

 

2,093 

 

 

 

Net income attributable to ExxonMobil (U.S. GAAP)

6,860 

 

15,910 

 

16,360 

 

25,360 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

1.55 

 

3.41 

 

3.67 

 

5.41 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

- assuming dilution (dollars)

1.55 

 

3.41 

 

3.67 

 

5.41 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

  

 

  

 

 

 

 

 

 

 

 

Total

2,794 

 

2,657 

 

5,355 

 

4,878 

 

 

 

 

Per common share (dollars)

0.63 

 

0.57 

 

1.20 

 

1.04 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

At June 30

 

 

 

 

4,402 

 

4,616 

 

 

 

 

Average - assuming dilution  

4,433 

 

4,657 

 

4,459 

 

4,687 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at June 30

 

 

 

 

165,647 

 

162,811 

 

 

 

ExxonMobil share of capital employed at June 30

 

 

 

 

189,218 

 

181,900 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

5,793 

 

8,537 

 

12,070 

 

16,253 

 

 

 

Sales-based taxes

7,552 

 

8,027 

 

15,044 

 

16,520 

 

 

 

All other taxes

8,986 

 

10,036 

 

17,767 

 

21,239 

 

 

 

 

Total taxes

22,331 

 

26,600 

 

44,881 

 

54,012 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

 

 

 

equity companies

1,380 

 

1,441 

 

3,319 

 

3,146 

 

 

 

 

 

 

 

 

- 9 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

SECOND QUARTER 2013

(millions of dollars)

 

 

 

 

Second Quarter

First Half

 

 

 

 

2013

 

2012

 

2013

 

2012

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

 

 

 

United States

1,096 

 

678 

 

1,955 

 

1,688 

 

 

 

Non-U.S.

5,209 

 

7,680 

 

11,387 

 

14,472 

 

 

Downstream

 

 

 

 

 

 

 

 

 

 

United States

248 

 

834 

 

1,287 

 

1,437 

 

 

 

Non-U.S.

148 

 

5,812 

 

654 

 

6,795 

 

 

Chemical

 

 

 

 

 

 

 

 

 

 

United States

515 

 

494 

 

1,267 

 

927 

 

 

 

Non-U.S.

241 

 

955 

 

626 

 

1,223 

 

 

Corporate and financing

(597)

 

(543)

 

(816)

 

(1,182)

 

 

Net income attributable to ExxonMobil

6,860 

 

15,910 

 

16,360 

 

25,360 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operations and asset sales (billions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

 

 

 

 

 

 

 

 

(U.S. GAAP)

7.7 

 

10.2 

 

21.2 

 

29.5 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds associated with asset sales

0.3 

 

3.7 

 

0.7 

 

6.2 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operations and asset sales

8.0 

 

13.9 

 

21.9 

 

35.7 

 

 

 

 

 

 

 

 

- 10 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

SECOND QUARTER 2013

 

 

 

 

 

 

Second Quarter

First Half

 

 

 

 

 

2013

 

2012

 

2013

 

2012

 

 

Net production of crude oil, natural gas

 

 

 

 

 

 

 

 

 

liquids, bitumen and synthetic oil,

 

 

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

 

 

 

 

United States

419 

 

419 

 

427 

 

423 

 

 

 

 

Canada/South America

264 

 

243 

 

264 

 

246 

 

 

 

 

Europe

197 

 

213 

 

196 

 

220 

 

 

 

 

Africa

472 

 

514 

 

463 

 

489 

 

 

 

 

Asia

778 

 

766 

 

791 

 

784 

 

 

 

 

Australia/Oceania

52 

 

53 

 

47 

 

49 

 

 

 

 

 

Worldwide

2,182 

 

2,208 

 

2,188 

 

2,211 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

 

 

 

 

United States

3,581 

 

3,897 

 

3,585 

 

3,915 

 

 

 

 

Canada/South America

347 

 

392 

 

337 

 

385 

 

 

 

 

Europe

2,836 

 

2,578 

 

3,650 

 

3,512 

 

 

 

 

Africa

5 

 

25 

 

7 

 

18 

 

 

 

 

Asia

4,174 

 

4,379 

 

4,344 

 

4,695 

 

 

 

 

Australia/Oceania

411 

 

390 

 

355 

 

324 

 

 

 

 

 

Worldwide

11,354 

 

11,661 

 

12,278 

 

12,849 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd)1

4,074 

 

4,152 

 

4,234 

 

4,352 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels

 

 

 

 

 

 

 

 

 

 

 

- 11 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

SECOND QUARTER 2013

 

 

 

 

 

Second Quarter

First Half

 

 

 

 

2013

 

2012

 

2013

 

2012

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

 

 

 

United States

1,745 

 

1,740 

 

1,778 

 

1,782 

 

 

 

Canada

435 

 

384 

 

432 

 

411 

 

 

 

Europe

1,400 

 

1,489 

 

1,397 

 

1,485 

 

 

 

Asia Pacific

771 

 

1,064 

 

781 

 

1,180 

 

 

 

Other

115 

 

285 

 

132 

 

288 

 

 

 

 

Worldwide

4,466 

 

4,962 

 

4,520 

 

5,146 

 

 

 

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

 

 

 

United States

2,525 

 

2,488 

 

2,528 

 

2,480 

 

 

 

Canada

470 

 

421 

 

453 

 

422 

 

 

 

Europe

1,527 

 

1,582 

 

1,493 

 

1,573 

 

 

 

Asia Pacific

835 

 

1,065 

 

864 

 

1,148 

 

 

 

Other

408 

 

615 

 

422 

 

620 

 

 

 

 

Worldwide

5,765 

 

6,171 

 

5,760 

 

6,243 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,327 

 

2,489 

 

2,341 

 

2,505 

 

 

 

Heating oils, kerosene, diesel

1,791 

 

1,915 

 

1,791 

 

2,005 

 

 

 

Aviation fuels

469 

 

452 

 

461 

 

455 

 

 

 

Heavy fuels

431 

 

554 

 

446 

 

530 

 

 

 

Specialty products

747 

 

761 

 

721 

 

748 

 

 

 

 

Worldwide

5,765 

 

6,171 

 

5,760 

 

6,243 

 

 

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

 

 

 

United States

 2,360 

 

 2,296 

 

 4,724 

 

 4,661 

 

 

 

Non-U.S.

 3,471 

 

 3,676 

 

 7,017 

 

 7,648 

 

 

 

 

Worldwide

 5,831 

 

 5,972 

 

 11,741 

 

 12,309 

 

 

 

 

 

 

 

 

- 12 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

SECOND QUARTER 2013

(millions of dollars)

 

 

 

 

Second Quarter

First Half

 

 

 

 

2013

 

2012

 

2013

 

2012

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

 

 

 

 

United States

2,643 

 

2,662 

 

4,733 

 

5,084 

 

 

 

 

Non-U.S.

6,634 

 

5,731 

 

15,391 

 

11,388 

 

 

 

 

Total

9,277 

 

8,393 

 

20,124 

 

16,472 

 

 

 

Downstream

 

 

 

 

 

 

 

 

 

 

 

United States

221 

 

176 

 

480 

 

286 

 

 

 

 

Non-U.S.

354 

 

393 

 

704 

 

722 

 

 

 

 

Total

575 

 

569 

 

1,184 

 

1,008 

 

 

 

Chemical

 

 

 

 

 

 

 

 

 

 

 

United States

198 

 

95 

 

312 

 

169 

 

 

 

 

Non-U.S.

192 

 

273 

 

394 

 

512 

 

 

 

 

Total

390 

 

368 

 

706 

 

681 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

2 

 

9 

 

5 

 

12 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide

10,244 

 

9,339 

 

22,019 

 

18,173 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

 

 

 

 

United States

69 

 

83 

 

196 

 

186 

 

 

 

 

Non-U.S.

384 

 

288 

 

700 

 

705 

 

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

 

 

 

 

United States

1 

 

- 

 

2 

 

1 

 

 

 

 

Non-U.S.

223 

 

4 

 

224 

 

10 

 

 

 

Worldwide

677 

 

375 

 

1,122 

 

902 

 

 

 

 

 

 

 

 

- 13 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment VI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

EARNINGS

 

 

 

 

 

 

$ Millions

 

$ Per Common Share1

 

 

 

 

 

 

 

 

 

 

 

2009

 

 

 

 

 

 

 

First Quarter

 

4,550 

 

 

0.92 

 

 

Second Quarter

 

3,950 

 

 

0.82 

 

 

Third Quarter

 

4,730 

 

 

0.98 

 

 

Fourth Quarter

 

6,050 

 

 

1.27 

 

 

 

 

Year

 

19,280 

 

 

3.99 

 

 

 

 

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

 

 

First Quarter

 

6,300 

 

 

1.33 

 

 

Second Quarter

 

7,560 

 

 

1.61 

 

 

Third Quarter

 

7,350 

 

 

1.44 

 

 

Fourth Quarter

 

9,250 

 

 

1.86 

 

 

 

 

Year

 

30,460 

 

 

6.24 

 

 

 

 

 

 

 

 

 

 

2011

 

 

 

 

 

 

 

First Quarter

 

10,650 

 

 

2.14 

 

 

Second Quarter

 

10,680 

 

 

2.19 

 

 

Third Quarter

 

10,330 

 

 

2.13 

 

 

Fourth Quarter

 

9,400 

 

 

1.97 

 

 

 

 

Year

 

41,060 

 

 

8.43 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

First Quarter

 

9,450 

 

 

2.00 

 

 

Second Quarter

 

15,910 

 

 

3.41 

 

 

Third Quarter

 

9,570 

 

 

2.09 

 

 

Fourth Quarter

 

9,950 

 

 

2.20 

 

 

 

 

Year

 

44,880 

 

 

9.70 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

 

First Quarter

 

9,500 

 

 

2.12 

 

 

Second Quarter

 

6,860 

 

 

1.55 

 

 

 

 

 

 

 

 

 

 

 

  

1 

Computed using the average number of shares outstanding during each period.

 

 

 

The sum of the four quarters may not add to the full year.

 

 

 

 

 

 

 

 

 

 

 

- 14 -