EX-99.2 3 f8k1q24992.htm INVESTOR RELATIONS DATA SUMMARY Document

f8k991001x0x0a.gif
.EXHIBIT 99.2
To assist investors in assessing 1Q24 results, the following disclosures have been made available in this 8-K filing:
Identified items of $0.00 per share assuming dilution, as noted on page 1 of the news release
A reconciliation of cash flow from operations and asset sales excluding working capital on page 1 of this exhibit and on page 6 of the news release
1Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
Earnings/(Loss), $M (unless noted)1Q244Q233Q232Q231Q23
UpstreamUnited States1,054 84 1,566 920 1,632 
 Non-U.S.4,606 4,065 4,559 3,657 4,825 
 Total5,660 4,149 6,125 4,577 6,457 
Energy ProductsUnited States836 1,329 1,356 1,528 1,910 
 Non-U.S.540 1,878 1,086 782 2,273 
 Total1,376 3,207 2,442 2,310 4,183 
Chemical ProductsUnited States504 478 338 486 324 
Non-U.S.281 (289)(89)342 47 
Total785 189 249 828 371 
Specialty ProductsUnited States404 386 326 373 451 
 Non-U.S.357 264 293 298 323 
 Total761 650 619 671 774 
Corporate and Financing(362)(565)(365)(506)(355)
Net income attributable to ExxonMobil (U.S. GAAP)8,220 7,630 9,070 7,880 11,430 
Earnings/(Loss) per common share (U.S. GAAP)  2.06 1.91 2.25 1.94 2.79 
Earnings/(Loss) per common share - assuming dilution (U.S. GAAP)2.06 1.91 2.25 1.94 2.79 
Effective Income Tax Rate, %36 %30 %34 %33 %34 %
Capital and Exploration Expenditures, $M1Q244Q233Q232Q231Q23
UpstreamUnited States2,269 2,258 2,241 2,206 2,108 
Non-U.S.2,313 3,512 2,560 2,403 2,473 
Total4,582 5,770 4,801 4,609 4,581 
Energy ProductsUnited States179 227 261 349 358 
Non-U.S.348 485 386 382 327 
Total527 712 647 731 685 
Chemical ProductsUnited States152 211 103 152 285 
Non-U.S.281 641 268 507 546 
Total433 852 371 659 831 
Specialty ProductsUnited States22 16 14 11 
Non-U.S.68 127 95 89 80 
Total76 149 111 103 91 
Other221 274 92 64 192 
Total Capital and Exploration Expenditures5,839 7,757 6,022 6,166 6,380 
Exploration expenses, including dry holes148 139 338 133 141 
Cash Capital Expenditures, $M1Q244Q233Q232Q231Q23
Additions to property, plant and equipment5,074 6,228 4,920 5,359 5,412 
Net investments and advances206 506 276 284 367 
Total Cash Capital Expenditures5,280 6,734 5,196 5,643 5,779 
Total Cash and Cash Equivalents, $G33.3 31.6 33.0 29.6 32.7 
Total Debt, $G40.4 41.6 41.3 41.5 41.4 
Cash Flow from Operations and Asset Sales excluding working capital (non-GAAP), $M 1Q244Q233Q232Q231Q23
Net cash provided by operating activities (GAAP)14,664 13,682 15,963 9,383 16,341 
Proceeds associated with asset sales703 1,020 917 1,287 854 
Cash flow from operations and asset sales (non-GAAP)15,367 14,702 16,880 10,670 17,195 
Changes in operational working capital(2,008)2,191 (1,821)3,583 302 
Cash flow from operations and asset sales
     excluding working capital (non-GAAP)
13,359 16,893 15,059 14,253 17,497 
Common Shares Outstanding, millions1Q244Q233Q232Q231Q23
At quarter end3,943 3,971 3,963 4,003 4,043 
Weighted-average - assuming dilution3,998 4,010 4,025 4,066 4,102 



f8k991001x0x0a.gif
.
1Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
Upstream Volumes1Q244Q233Q232Q231Q23
Liquids production (kbd) ¹
 United States816851756785820
 Canada/Other Americas772709655618670
 Europe43444
 Africa224231229206220
 Asia711722713702749
 Australia/Oceania3034403832
Worldwide liquids production2,5572,5502,3972,3532,495
¹ Net production of crude oil, natural gas liquids, bitumen and synthetic oil, kbd.
Natural gas production available for sale (mcfd)     
 United States2,2412,2622,2712,3462,367
 Canada/Other Americas9498949794
 Europe377367368375548
 Africa15014912986134
 Asia3,2743,4863,5283,3503,597
 Australia/Oceania1,2261,2831,3581,2751,276
Worldwide natural gas production available for sale7,3627,6457,7487,5298,016
Oil-equivalent production, koebd ²
3,7843,8243,6883,6083,831
² Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Manufacturing Throughput and Sales1Q244Q233Q232Q231Q23
Refinery throughput, kbd     
 United States1,9001,9331,8681,9441,643
 Canada407407415388417
 Europe9541,0141,2511,2091,189
 Asia Pacific402450517463565
 Other18082164169184
Worldwide refinery throughput3,8433,8864,2154,1733,998
Energy Products sales, kbd     
 United States2,5762,7042,6262,7432,459
 Non-U.S.2,6562,6532,9252,9162,818
Worldwide Energy Products sales5,2325,3575,5515,6585,277
 Gasolines, naphthas2,1782,2552,3162,4012,177
 Heating oils, kerosene, diesel1,7421,7351,8341,8421,770
 Aviation fuels339328358344312
 Heavy fuels214185229228215
 Other energy products759854814844803
Worldwide Energy Products sales5,2325,3575,5515,6585,277
Chemical Products sales, kt
 United States1,8471,7431,7501,7251,561
 Non-U.S.3,2073,0333,3583,1243,088
Worldwide Chemical Products sales5,0544,7765,1084,8494,649
Specialty Products sales, kt
United States495473498514476
Non-U.S.1,4631,3671,4141,3911,464
Worldwide Specialty Products sales1,9591,8391,9121,9051,940







f8k991001x0x0a.gif
.

1Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
Earnings Factor Analysis, $M
1Q24 vs 1Q23
1Q24 vs 4Q23
Upstream
Prior Period6,457 4,149 
Price(820)(490)
Advantaged Volume Growth (Advantaged assets)430 190 
Base Volume(400)(310)
Structural Cost Savings90 20 
Expenses(160)10 
Identified Items160 2,120 
Other(470)(70)
Timing Effects370 40 
Current Period5,660 5,660 
Energy Products
Prior Period4,183 3,207 
Margin(2,000)540 
Advantaged Volume Growth (Strategic projects)140 — 
Base Volume(210)(290)
Structural Cost Savings140 — 
Expenses(290)(150)
Identified Items30 (190)
Other40 (680)
Timing Effects(660)(1,060)
Current Period1,376 1,376 
Chemical Products
Prior Period371 189 
Margin200 80 
Advantaged Volume Growth (High-value products)40 10 
Base Volume160 120 
Structural Cost Savings20 — 
Expenses10 10 
Identified Items— 390 
Other(20)(10)
Current Period785 785 
Specialty Products
Prior Period774 650 
Margin30 70 
Advantaged Volume Growth (High-value products)— 20 
Base Volume(20)30 
Structural Cost Savings20 — 
Expenses(40)50 
Identified Items— 90 
Other— (150)
Current Period761 761 



f8k991001x0x0a.gif
.

1Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
Upstream Volume Factor Analysis, koebd
1Q24 vs 1Q23
1Q24 vs 4Q23
Prior Period3,831 3,824 
Entitlements - Price / Spend / Other(41)(84)
Government Mandates(17)12 
Divestments(66)(25)
Growth / Other77 57 
Current Period3,784 3,784 
Average Realization Data1Q244Q233Q232Q231Q23
United States     
ExxonMobil     
Crude ($/b)74.9676.6480.4571.3673.95
Natural Gas ($/kcf)2.222.552.301.453.20
Benchmarks     
WTI ($/b)77.0678.3782.5073.7876.11
ANS-WC ($/b)81.3784.0287.9078.4379.14
Henry Hub ($/mbtu)2.252.882.542.093.44
Non-U.S.     
ExxonMobil     
Crude ($/b)72.0074.2377.4870.0867.93
Natural Gas ($/kcf)11.3712.5810.5011.4417.39
European NG ($/kcf)14.0417.3413.7114.6127.46
Benchmarks     
Brent ($/b)83.2484.0586.7678.4081.28
The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the first quarter of 2024. 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.


Sources and Uses of Funds, $M1Q24    
Beginning Cash31,568     
Earnings8,220     
Depreciation4,812     
Working Capital / Other1,632     
Proceeds Associated with Asset Sales703    
Cash Capital Expenditures ¹(5,280)   
Shareholder Distributions(6,816)    
Debt / Other Financing(1,490)    
Ending Cash33,349    
¹ 1Q24 Cash Capital Expenditures includes PP&E adds of ($5.1B) and net advances of ($0.2B).



Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up precisely to the totals indicated.