8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 2, 2020

Exxon Mobil Corporation

(Exact name of registrant as specified in its charter)

New Jersey	1-2256	13-5409005
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

5959 Las Colinas Boulevard, Irving, Texas 75039-2298

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (972) 940-6000

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
		Name of Each Exchange
Title of Each Class	Trading Symbol	on Which Registered
Common Stock, without par value	XOM	New York Stock Exchange
0.142% Notes due 2024	XOM24B	New York Stock Exchange
0.524% Notes due 2028	XOM28	New York Stock Exchange
0.835% Notes due 2032	XOM32	New York Stock Exchange
1.408% Notes due 2039	XOM39A	New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01	Regulation FD Disclosure.
	The following information is furnished pursuant to Item 7.01.

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INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Exxon Mobil Corporation 2Q20 Earnings Considerations.
104	Cover Page Interactive Data File (formatted as Inline XBRL).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EXXON MOBIL CORPORATION
Date: July 2, 2020	By:	/s/ DAVID S. ROSENTHAL
		David S. Rosenthal
		Vice President and Controller
		(Principal Accounting Officer)

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EX-99.1

 

EXHIBIT 99.1

2Q20 Earnings Considerations

To give perspective regarding market and planned factors affecting 2Q 2020 results, we are providing the following summary of factors management believes will impact 2Q 2020 results relative to 1Q 2020 results. These factors are generally limited to market dynamics, seasonal patterns, and planned activities. This list is not meant to be a comprehensive list of all changes between 1Q 2020 results and 2Q 2020 results or to provide an estimate of 2Q 2020 results for the Corporation. Further, this list may not account for all adjustments and charges required to fully reflect the changes in industry conditions.

$ billions	Upstream	Downstream	Chemical	Corp & Fin	Total
1Q20 earnings / (loss), U.S. GAAP	0.5	(0.6)	0.1	(0.7)	(0.6)
1Q20 identified items
1Q20 non-cash inventory valuation (lower of cost or market) impacts	(0.3)	(1.6)	(0.2)		(2.1)
1Q20 impairment impacts	(0.4)	(0.3)	(0.1)		(0.8)
1Q20 earnings / (loss) excluding identified items	1.2	1.3	0.5	(0.7)	2.3
Estimated effects of market factors impacting 2Q20 results
Change in liquids prices	(2.5) - (2.1)
Change in gas prices	(0.6) - (0.4)
Change in North American crude logistics differentials		(0.3) - (0.1)
Change in Downstream refining margins		(0.9) - (0.7)
Change in Chemical margins			(0.1) - 0.1
Change in mark-to-market derivative impacts		(1.6) - (1.2)
Estimated effects of seasonal and planned factors impacting 2Q20 results
Change in scheduled maintenance	(0.2) - 0.0	0.0 - 0.2	(0.1) - 0.1
Additional information:
Estimated 2Q20 non-cash inventory valuation (lower of cost or market) impacts1	0.1 - 0.3	1.5 - 1.6	(0.1) - 0.1
1 Based on price data as of June 29, 2020

This information is only intended to provide additional information regarding current estimates of certain limited market and planned factors management believes will likely affect results for 2Q 2020 relative to 1Q 2020 to assist investors, analysts and others in formulating their own estimates. It is not intended to be a comprehensive presentation of all factors that will affect the Corporation’s sequential results or to provide an estimate of the Corporation’s 2Q 2020 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the Corporation’s financial reporting process for 2Q 2020. Further, this list may not account for all adjustments and charges required to fully reflect the changes in industry conditions.

Outlooks, estimates, projections and other statements of future financial impacts of certain factors as provided in this publication are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Actual future impacts of these certain factors for 2Q 2020 may vary from our estimates for a number of reasons, including additional unidentified factors related to: sales volume and sales mix numbers; supply and demand imbalances, price impacts and the broader government responses to first or second waves of COVID-19; planned cash and operating expense reductions; total capital expenditures and mix; maintenance costs and incidents; production shut-ins and mix; financing costs; the resolution of any contingencies and uncertain tax positions; environmental expenditures; determinations of the outcomes of contractual terms during the quarter; the outcome of commercial negotiations related to the quarter; the timing and regulatory approval of any acquisitions or divestments; resolution of trading and derivative positions for the quarter; the impact of fiscal and commercial terms applicable to the quarter; regional differences for product demand; regional pricing differentials; changes in regulatory policies and any associated liabilities; changes in asset valuation or estimates of underlying value as of a certain date; updates or corrections of any estimate used herein; and other market conditions in the oil, natural gas, petroleum, and petrochemical industries. Furthermore, additional factors may exist that will be relevant to 2Q 2020 results that are not currently known or fully understood, including our participation in joint ventures or developments operated by third parties. All forward-looking statements and the assumptions in this publication speak only as of the date hereof. We do not assume or undertake any obligation to update these forward-looking statements or assumptions as of any future date.  Any future update or expansion of the forward-looking statements in this publication will be provided only through a public disclosure indicating that fact.

Earnings / (loss) excluding identified items are earnings / (loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings impact of an identified item for an individual segment may be less than $250 million when the item impacts several segments. We believe it is useful for investors to consider these figures in comparing the underlying performance of our business across periods when one or both periods include identified items.

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Cover	Jul. 02, 2020
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Entity Central Index Key	0000034088
Document Period End Date	Jul. 02, 2020
Entity Registrant Name	Exxon Mobil Corporation
Entity Incorporation, State or Country Code	NJ
Entity File Number	1-2256
Entity Tax Identification Number	13-5409005
Entity Address, Address Line One	5959 Las Colinas Boulevard
Entity Address, City Or Town	Irving
Entity Address, State Or Province	TX
Entity Address, Postal Zip Code	75039-2298
City Area Code	972
Local Phone Number	940-6000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock, without par value [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	XOM
Security Exchange Name	NYSE
Zero Point One Four Two Percent Notes Due 2024 [Member]
Document Information [Line Items]
Title of 12(b) Security	0.142% Notes due 2024
Trading Symbol	XOM24B
Security Exchange Name	NYSE
Zero Point Five Two Four Percent Notes Due 2028 [Member]
Document Information [Line Items]
Title of 12(b) Security	0.524% Notes due 2028
Trading Symbol	XOM28
Security Exchange Name	NYSE
Zero Point Eight Three Five Percent Notes Due 2032 [Member]
Document Information [Line Items]
Title of 12(b) Security	0.835% Notes due 2032
Trading Symbol	XOM32
Security Exchange Name	NYSE
One Point Four Zero Eight Percent Notes Due 2039 [Member]
Document Information [Line Items]
Title of 12(b) Security	1.408% Notes due 2039
Trading Symbol	XOM39A
Security Exchange Name	NYSE