Equity Company Information

12 Months Ended

Dec. 31, 2018

Equity Company Information [Abstract]

7. Equity Company Information

The summarized financial information below includes amounts related to certain less-than-majority-owned companies and majority-owned subsidiaries where minority shareholders possess the right to participate in significant management decisions (see Note 1). These companies are primarily engaged in oil and gas exploration and production, and natural gas marketing in North America; natural gas exploration, production and distribution in Europe; liquefied natural gas (LNG) operations and transportation of crude oil in Africa; and exploration, production, LNG operations, and the manufacture and sale of petroleum and petrochemical products in Asia and the Middle East. Also included are several refining, petrochemical manufacturing and marketing ventures.

The share of total equity company revenues from sales to ExxonMobil consolidated companies was 14 percent, 15 percent and 14 percent in the years 2018, 2017 and 2016, respectively.

The Corporation’s ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships. Differences between the company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned to the extent practicable to specific assets and liabilities based on the company’s analysis of the factors giving rise to the difference. The amortization of this difference, as appropriate, is included in “Income from equity affiliates” on the Consolidated Statement of Income.

		2018			2017			2016
Equity Company			ExxonMobil			ExxonMobil			ExxonMobil
Financial Summary		Total		Share	Total		Share	Total		Share
		(millions of dollars)

Total revenues		112,938		34,539	94,791		29,340	80,247		24,668
Income before income taxes		37,203		10,482	29,748		8,498	22,269		6,509
Income taxes		11,568		3,151	8,421		2,236	6,334		1,701
	Income from equity affiliates	25,635		7,331	21,327		6,262	15,935		4,808

Current assets		38,670		13,394	35,367		12,050	34,412		11,392
Long-term assets		128,830		35,970	122,221		34,931	109,646		32,357
	Total assets	167,500		49,364	157,588		46,981	144,058		43,749
Current liabilities		27,324		7,606	21,725		6,348	20,507		5,765
Long-term liabilities		56,913		17,109	59,736		17,056	62,110		17,288
	Net assets	83,263		24,649	76,127		23,577	61,441		20,696

A list of significant equity companies as of December 31, 2018, together with the Corporation’s percentage ownership interest, is detailed below:

		Percentage
		Ownership
		Interest
	Upstream
	Aera Energy LLC	48
	Barzan Gas Company Limited	7
	BEB Erdgas und Erdoel GmbH & Co. KG	50
	Cameroon Oil Transportation Company S.A.	41
	Caspian Pipeline Consortium - Kazakhstan	8
	Cross Timbers Energy, LLC	50
	Golden Pass LNG Terminal LLC	18
	Marine Well Containment Company LLC	10
	Mozambique Rovuma Venture, S.p.A.	36
	Nederlandse Aardolie Maatschappij B.V.	50
	Qatar Liquefied Gas Company Limited	10
	Qatar Liquefied Gas Company Limited (2)	24
	Ras Laffan Liquefied Natural Gas Company Limited	25
	Ras Laffan Liquefied Natural Gas Company Limited (II)	31
	Ras Laffan Liquefied Natural Gas Company Limited (3)	30
	South Hook LNG Terminal Company Limited	24
	Tengizchevroil, LLP	25
	Terminale GNL Adriatico S.r.l.	71

	Downstream
	Fujian Refining & Petrochemical Co. Ltd.	25
	Permian Express Partners LLC	12
	Saudi Aramco Mobil Refinery Company Ltd.	50

	Chemical
	Al-Jubail Petrochemical Company	50
	Gulf Coast Growth Ventures LLC	50
	Infineum Italia s.r.l.	50
	Infineum Singapore Pte. Ltd.	50
	Infineum USA L.P.	50
	Saudi Yanbu Petrochemical Co.	50