EX-99.2 3 f8k1q992.htm INVESTOR RELATIONS DATA SUMMARY  

 

EXXON MOBIL CORPORATION

 

 

 

EXHIBIT 99.2

 

1Q19 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)

  

   

 

 

 

 

 

 

 

Earnings, $M

1Q19

4Q18

3Q18

2Q18

1Q18

Upstream

 

 

 

 

 

 

United States

 

96

265

606

439

429

 

Non-U.S.

 

2,780

3,048

3,623

2,601

3,068

 

Total

 

2,876

3,313

4,229

3,040

3,497

Downstream

 

 

 

 

 

 

United States

 

(161)

987

961

695

319

 

Non-U.S.

 

(95)

1,717

681

29

621

 

Total

 

(256)

2,704

1,642

724

940

Chemical

 

 

 

 

 

 

United States

 

161

282

404

453

503

 

Non-U.S.

 

357

455

309

437

508

 

Total

 

518

737

713

890

1,011

  

 

 

 

 

 

 

 

 

Corporate and financing

(788)

(754)

(344)

(704)

(798)

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

2,350

6,000

6,240

3,950

4,650

   

 

 

 

 

 

 

 

 

Earnings per common share (U.S. GAAP)  

0.55

1.41

1.46

0.92

1.09

Earnings per common share

 

 

 

 

 

 - assuming dilution (U.S. GAAP)

0.55

1.41

1.46

0.92

1.09

 

 

 

 

 

 

 

 

 

Exploration expenses, including dry holes

280

555

292

332

287

 

 

 

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

 

 

 

 

 

Upstream

 

 

 

 

 

 

United States

 

2,548

2,630

2,040

1,752

1,248

 

Non-U.S.

 

2,813

3,620

3,290

3,103

2,511

 

Total

 

5,361

6,250

5,330

4,855

3,759

Downstream

 

 

 

 

 

 

United States

 

414

325

297

346

218

 

Non-U.S.

 

415

541

422

884

396

 

Total

 

829

866

719

1,230

614

Chemical

 

 

 

 

 

 

United States

 

552

579

411

414

343

 

Non-U.S.

 

144

132

115

119

122

 

Total

 

696

711

526

533

465

Other

4

16

11

9

29

  

 

 

 

  

  

  

  

  

Total Capital and Exploration Expenditures

6,890

7,843

6,586

6,627

4,867

 

 

 

 

 

 

 

 

 

Effective Income Tax Rate, %

53%

32%

34%

44%

40%

 

 

 

 

 

 

 

 

 

Common Shares Outstanding, millions

 

 

 

 

 

 

At quarter end

4,231

4,237

4,234

4,234

4,234

 

Average - assuming dilution

4,270

4,270

4,271

4,271

4,270

  

 

 

 

 

 

 

 

 

Total Cash and Cash Equivalents, $B

4.6

3.0

5.7

3.4

4.1

 

 

 

 

 

 

 

 

 

Total Debt, $B

40.8

37.8

40.0

41.2

40.6

 

 

 

 

 

 

 

 

 

Cash Flow from Operations and Asset Sales, $B

 

 

 

 

 

 

Net cash provided by operating activities

8.3

8.6

11.1

7.8

8.5

 

Proceeds associated with asset sales

0.1

0.9

1.5

0.3

1.4

 

Cash flow from operations and asset sales

8.4

9.5

12.6

8.1

9.9

 

 

 

 

 

 

 

 

 

 

 


 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

1Q19 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)

 

  

 

 

 

 

 

 

 

Net production of crude oil, natural gas

1Q19

4Q18

3Q18

2Q18

1Q18

liquids, bitumen and synthetic oil, kbd

 

 

 

 

 

 

United States

 

600

583

555

543

523

 

Canada / Other Americas

 

454

474

454

391

427

 

Europe

 

121

122

127

136

145

 

Africa

 

369

376

387

410

376

 

Asia

 

746

745

706

686

706

 

Australia / Oceania

 

37

48

57

46

39

Total liquids production

2,327

2,348

2,286

2,212

2,216

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

 

 

 

 

 

 

United States

 

2,712

2,581

2,549

2,591

2,576

 

Canada / Other Americas

 

238

247

224

226

211

 

Europe

 

2,113

1,943

1,004

1,136

2,542

 

Africa

 

7

16

16

9

9

 

Asia

 

3,655

3,804

3,685

3,393

3,568

 

Australia / Oceania

 

1,199

1,383

1,523

1,258

1,132

Total natural gas production available for sale

9,924

9,974

9,001

8,613

10,038

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

3,981

4,010

3,786

3,647

3,889

 

 

 

 

 

 

 

 

 

Refinery throughput, kbd

 

 

 

 

 

 

 

United States

 

1,373

1,661

1,644

1,529

1,518

 

Canada

 

383

408

388

364

408

 

Europe

 

1,325

1,366

1,446

1,384

1,495

 

Asia Pacific

 

609

670

720

714

720

 

Other Non-U.S.

 

196

193

194

114

152

Total refinery throughput

 

3,886

4,298

4,392

4,105

4,293

 

 

 

 

 

 

 

 

 

Petroleum product sales, kbd

 

 

 

 

 

 

 

United States

 

2,210

2,230

2,267

2,215

2,128

 

Canada

 

484

516

527

514

484

 

Europe

 

1,510

1,474

1,582

1,595

1,574

 

Asia Pacific

 

749

825

824

814

795

 

Other Non-U.S.

 

462

450

416

364

451

Total petroleum product sales

 

5,415

5,495

5,616

5,502

5,432

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

 

2,149

2,183

2,255

2,216

2,215

 

Heating oils, kerosene, diesel

 

1,914

1,915

1,837

1,781

1,828

 

Aviation fuels

 

386

376

430

405

396

 

Heavy fuels

 

299

387

411

432

346

 

Specialty products

 

667

634

683

668

647

Total petroleum product sales

 

5,415

5,495

5,616

5,502

5,432

 

 

 

 

 

 

 

 

 

Chemical prime product sales, kt

 

 

 

 

 

 

United States

 

2,322

2,577

2,445

2,411

2,391

 

Non-U.S.

 

4,450

4,095

4,232

4,441

4,277

Total chemical prime product sales

6,772

6,672

6,677

6,852

6,668

 


 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

1Q19 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)

 

 

 

 

 

 

 

 

Earnings Factor Analysis, $M

1Q19 vs. 1Q18

 

1Q19 vs. 4Q18

 

Upstream

 

 

 

 

 

Prior Period

3,497

 

3,313

 

 

 

Realization

-30

 

50

 

 

 

Volume / Mix

80

 

-290

 

 

 

Other

-670

 

-200

 

 

Current Period

2,876

 

2,876

 

Downstream

 

 

 

 

 

Prior Period

940

 

2,704

 

 

 

Margin

-860

 

-2,060

 

 

 

Volume / Mix

-

 

-230

 

 

 

 

Scheduled Maintenance (Volume / Mix)

-240

 

-130

 

 

 

 

Other

240

 

-100

 

 

 

Other

-340

 

-670

 

 

 

 

Scheduled Maintenance (Other)

-210

 

100

 

 

 

 

Divestment Gains

-20

 

-900

 

 

 

 

Other

-110

 

130

 

 

Current Period

-256

 

-256

 

Chemical

 

 

 

 

 

Prior Period

1,011

 

737

 

 

 

Margin

-360

 

-110

 

 

 

Volume / Mix

60

 

30

 

 

 

 

Downtime / Maintenance (Volume / Mix)

-

 

30

 

 

 

 

Other

60

 

-

 

 

 

Other

-190

 

-140

 

 

 

 

Downtime / Maintenance (Other)

20

 

50

 

 

 

 

Foreign Exchange

-70

 

-10

 

 

 

 

Other

-140

 

-180

 

 

Current Period

518

 

518

 

 

 

 

 

 

 

 

 

Upstream Volume Factor Analysis, koebd

 

 

 

 

 

Prior Period

3,889

 

4,010

 

 

 

Downtime / Maintenance

95

 

-25

 

 

 

Growth / Decline

105

 

-25

 

 

 

Entitlements / Divestments

-15

 

-20

 

 

 

Demand / Other

-95

 

40

 

 

Current Period

3,981

 

3,981

 

 

 

 

 

 

 

 

 

Sources and Uses of Funds, $B

1Q19

 

 

 

 

Beginning Cash

3.0

 

 

 

 

 

Earnings

2.4

 

 

 

 

 

Depreciation

4.6

 

 

 

 

 

Working Capital / Other

1.3

 

 

 

 

 

Proceeds Associated with Asset Sales

0.1

 

 

 

 

 

PP&E Adds / Investments and Advances1

-5.9

 

 

 

 

 

Shareholder Distributions

-3.5

 

 

 

 

 

Debt / Other Financing

2.6

 

 

 

 

Ending Cash

4.6

 

 

 

 

 

 

 

 

 

 

 

1PP&E Adds / Investments and Advances includes PP&E adds of ($5.2B) and net advances of ($0.7B)

 


 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

1Q19 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)

 

 

  

 

 

 

 

 

Average Realization Data

1Q19

4Q18

3Q18

2Q18

1Q18

United States

 

 

 

 

 

 

ExxonMobil

 

 

 

 

 

 

 

Crude ($/b)

53.30

54.50

64.06

64.87

60.07

 

 

Natural Gas ($/kcf)

2.93

3.64

2.75

2.57

2.91

 

 

 

 

 

 

 

 

 

Benchmarks

 

 

 

 

 

 

 

WTI ($/b)

54.87

59.09

69.71

68.00

62.88

 

 

ANS-WC ($/b)

64.40

68.65

75.37

73.89

67.16

 

 

Henry Hub ($/mbtu)

3.15

3.65

2.91

2.80

3.01

 

 

 

 

 

 

 

 

Non-U.S.

 

 

 

 

 

 

ExxonMobil

 

 

 

 

 

 

 

Crude ($/b)

57.12

53.74

66.64

66.35

57.78

 

 

Natural Gas ($/kcf)

7.18

8.18

7.36

6.88

6.70

 

 

European NG ($/kcf)

6.85

7.46

6.73

6.93

6.60

 

 

 

 

 

 

 

 

 

Benchmarks

 

 

 

 

 

 

 

Brent ($/b)

63.20

67.76

75.27

74.35

66.76

 

 

 

 

 

 

 

 

The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the first quarter of 2019. Volumes and realizations may be adjusted when full statements on joint venture operations are received from outside operators.  ExxonMobil management assumes no duty to update these estimates.