Exxon Mobil Corporation 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) October 28, 2004


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) 444-1000





   
 

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

 


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))








Item 7.01

Regulation FD Disclosure

Item 2.02

Results of Operations and Financial Condition



The following information is furnished pursuant to both Item 7.01 and Item 2.02.


The Registrant hereby furnishes the information set forth in its News Release, dated

October 28, 2004, announcing third quarter 2004 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 3Q04 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.










































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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: October 28, 2004

By:

/s/ Patrick T. Mulva

----------------------------------------------

Name:

Patrick T. Mulva

Title:

Vice President, Controller and

Principal Accounting Officer
























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INDEX TO EXHIBITS




Exhibit No.

Description


99.1

Exxon Mobil Corporation News Release, dated October 28, 2004, announcing third quarter 2004 results.


99.2

3Q04 Investor Relations Data Summary.











































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Exxon Mobil Corporation 8k 99-1

 


EXHIBIT 99.1


News Release

ExxonMobil


Exxon Mobil Corporation

5959 Las Colinas Boulevard

Irving, TX 75039-2298

972 444 1107 Telephone

972 444 1138 Facsimile


FOR IMMEDIATE RELEASE

THURSDAY, OCTOBER 28, 2004



EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

THIRD QUARTER 2004 RESULTS



Third Quarter

Nine Months

2004

2003

2004

2003

Net Income

$ Millions

5,680

3,650

16,910

14,860

$ Per Common Share

Assuming Dilution

0.88

0.55

2.59

2.22


Earnings Excluding Accounting

Change and Other Special Items

$ Millions

6,230

3,650

17,460

12,610

$ Per Common Share

Assuming Dilution

0.96

0.55

2.67

1.88


Total Revenues and

Other Income - $ Millions

76,375

59,841

214,670

180,786


Capital and Exploration

Expenditures - $ Millions

3,634

3,838

10,652

11,165



IRVING, TX, October 28 -- Exxon Mobil Corporation today reported third quarter results.  Net income of $5,680 million ($0.88 per share), after a special charge of $550 million for the Allapattah lawsuit provision, increased $2,030 million from the third quarter of 2003.  Third quarter earnings, excluding the special charge, of $6,230 million ($0.96 per share) were the highest quarter ever.

Revenues and other income for the third quarter of 2004 totaled $76,375 million compared with $59,841 million in 2003.  Capital and exploration expenditures of $3,634 million in the third quarter of 2004 were down $204 million compared with last year.


ExxonMobil's Chairman Lee R. Raymond commented as follows:


"Third quarter earnings, excluding a special item, were a record $6,230 million and improved in all business segments.


"Upstream earnings were $3,929 million, an increase of $1,227 million from third quarter 2003 results reflecting higher average crude and natural gas prices.


"On an oil-equivalent basis, production increased by 1% versus third quarter 2003.  Plans for long-term capacity increases remain on track as reflected by continued high levels of capital spending.


"Downstream earnings were $1,401 million, an increase of $490 million from last year's third quarter reflecting improved worldwide refining conditions partly offset by continued weakness in marketing margins.


"Chemical earnings were a record $1,009 million, and increased $779 million from third quarter 2003 results.  Earnings benefited from higher worldwide margins and record sales volumes.


"ExxonMobil's net income for the first nine months of 2004 was a record $16,910 million, up $2,050 million from 2003, and $17,460 million excluding special

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items.  Excluding an accounting change and special items in both years, earnings increased by $4,850 million reflecting improvements in all segments of the business.


"In the third quarter, ExxonMobil continued its active investment program, spending $3,634 million on capital and exploration projects, compared with $3,838 million last year, reflecting continued strong levels of upstream spending.


"During the quarter, the corporation acquired 65 million shares at a gross cost of $3,010 million to offset the dilution associated with benefit plans and to reduce common stock outstanding."


Additional comments on earnings by operating segments follow:


Third Quarter 2004 vs. Third Quarter 2003


Upstream earnings were $3,929 million, up $1,227 million from the third quarter of 2003 reflecting higher crude oil and natural gas realizations.


Liquids production of 2,506 kbd (thousands of barrels per day) increased by 1% versus the third quarter of 2003.  Higher production from new fields in West Africa and Norway was partly offset by natural field decline in mature areas, adverse entitlement effects, divestment impacts, and planned maintenance activity.


Third quarter natural gas production increased to 8,428 mcfd (millions of cubic feet per day) from 8,323 mcfd last year.  Higher European volumes, the impact of projects and work programs and an additional LNG train in Qatar were partly offset by natural field decline in mature areas, planned maintenance activity, divestment impacts and adverse entitlement effects.

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Earnings from U.S. upstream operations were $1,173 million, up $290 million.  Non-U.S. upstream earnings of $2,756 million were $937 million higher than last year's third quarter.


Downstream earnings, excluding the $550 million special charge, were $1,401 million, an increase of $490 million from the third quarter 2003.  The improved results reflect stronger refining margins and higher refinery throughput from more efficient operations partly offset by weaker marketing margins.  Petroleum product sales were 8,242 kbd, 311 kbd higher than last year's third quarter.


U.S. downstream earnings, excluding the special charge, were $561 million, up $190 million.  Non-U.S. downstream earnings of $840 million were $300 million higher than last year's third quarter.


Chemical earnings were a record $1,009 million and were up $779 million from the same quarter a year ago due to improved margins and increased sales volumes.  Record prime product sales of 7,117 kt (thousands of metric tons) were up 457 kt, reflecting improved demand.


Corporate and financing expenses of $109 million decreased by $84 million mainly due to lower U.S. pension costs and higher interest income.


During the third quarter of 2004, Exxon Mobil Corporation purchased 65 million shares of its common stock for the treasury at a gross cost of $3,010 million.  These purchases were to offset shares issued in conjunction with company benefit plans and programs and to reduce the number of shares outstanding.  Shares outstanding were reduced from 6,506 million at the end of the second quarter of 2004 to 6,451 million at

-4-


the end of the third quarter.  Purchases may be made in both the open market and through negotiated transactions.  Purchases may be increased, decreased or discontinued at any time without prior notice.


First Nine Months 2004 vs. First Nine Months 2003


Record net income of $16,910 million ($2.59 per share) for the first nine months of 2004 increased $2,050 million from 2003.  Net income for 2004 included a special charge of $550 million for the Allapattah lawsuit provision.  Net income for the first nine months of 2003 included a $550 million positive impact for the required adoption of FAS 143 relating to accounting for asset retirement obligations and a one-time gain of $1,700 million from the transfer of shares in Ruhrgas AG.  Excluding these special items, earnings for the first nine months of 2004 increased by $4,850 million.


Upstream earnings, excluding special items, of $11,788 million increased $2,255 million from the first nine months of 2003 due to higher liquids and natural gas realizations and increased production.


Liquids production of 2,574 kbd increased by 3% versus the first nine months of 2003.  Higher production in West Africa and Norway, was partly offset by natural field decline in mature areas, adverse entitlement effects and divestment impacts.


Natural gas production of 9,640 mcfd, decreased 230 mcfd from 2003.  Natural field decline in mature areas, adverse entitlement effects and divestment impacts were partly offset by the start-up of an additional LNG train in Qatar and by projects and work programs.

-5-


On an oil-equivalent basis, production increased by 1% from the first nine months of last year.  Excluding divestment and entitlement effects, production increased by 4%.


Earnings from U.S. upstream operations for the first nine months of 2004 were $3,564 million, an increase of $515 million.  Earnings outside the U.S. were $8,224 million, $1,740 million higher than last year.


Downstream earnings, excluding the $550 million special charge in 2004, were $3,912 million, an increase of $1,132 million from the first nine months of 2003 reflecting stronger worldwide refining margins and higher refinery throughput partly offset by weak marketing margins.  Petroleum product sales of 8,131 kbd compared with 7,862 kbd in the first nine months of 2003.


U.S. downstream earnings, excluding the special charge, were $1,860 million, up $896 million.  Non-U.S. downstream earnings of $2,052 million were $236 million higher than last year.


Chemical earnings of $2,180 million were up $1,224 million from the first nine months of 2003 due to improved margins, higher volumes and favorable foreign exchange effects.  Prime product sales were 20,839 kt, up 5%, reflecting higher demand.


Corporate and financing expenses of $420 million decreased by $239 million mainly due to lower U.S. pension costs and lower net interest expense.


During the first nine months of 2004, Exxon Mobil Corporation purchased 157 million shares of its common stock for the treasury at a gross cost of $6,910 million.

-6-


These purchases were to offset shares issued in conjunction with company benefit plans and programs and to reduce the number of shares outstanding.


Estimates of key financial and operating data follow.  Financial data, except per share amounts, are expressed in millions of dollars.


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. central time on October 28, 2004.  To listen to the event live or in archive, go to our website at www.exxonmobil.com.

____________________________________________________________


Statements in this release relating to future plans, projections, events, or conditions are forward-looking statements.  Actual results, including production growth and capital spending, could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil or gas prices; political events or disturbances; reservoir performance; changes in OPEC quotas; timely completion of development projects; changes in technical or operating conditions; and other factors including those discussed under the heading "Factors Affecting Future Results" on our website and in Item 1 of ExxonMobil's 2003 Form 10-K.  We assume no duty to update these statements as of any future date.


Consistent with previous practice, the third quarter press release includes both net income and earnings excluding a required accounting change and special items. There was a special item and a required accounting change reported in the first quarter of 2003 and a special item reported in the third quarter of 2004.  Earnings that exclude the aforementioned items are a non-GAAP financial measure and are included to help facilitate comparisons of base business performance across periods.  A reconciliation to net income is shown in Attachment II.  Further information on ExxonMobil's frequently

-7-


used financial and operating measures is contained on pages 26 and 27 in the 2003 Form 10-K and is also available through our website at www.exxonmobil.com.


-8-


ATTACHMENT I

EXXON MOBIL CORPORATION

THIRD QUARTER 2004

 (millions of dollars, except per share amounts)


Third Quarter

Nine Months

2004

2003

2004

2003

EARNINGS / EARNINGS PER SHARE


Total revenues and other income

76,375

59,841

214,670

180,786

Total costs and other deductions

66,841

53,879

186,694

158,198

Income before income taxes

$9,534

$5,962

$27,976

$22,588

Income taxes

3,854

2,312

11,066

8,278

Income before accounting change

$5,680

$3,650

$16,910

$14,310

Accounting change

0

0

0

550

Net income (U.S. GAAP)

$5,680

$3,650

$16,910

$14,860


Net income per common share (dollars)


Income before accounting change

0.88

0.55

2.60

2.15

Accounting change

0.00

0.00

0.00

0.08

Net income

$0.88

$0.55

$2.60

$2.23


Net income per common share

 - assuming dilution (dollars)

Income before accounting change

0.88

0.55

2.59

2.14

Accounting change

0.00

0.00

0.00

0.08

Net income

$0.88

$0.55

$2.59

$2.22


OTHER FINANCIAL DATA


Dividends on common stock

$1,753

$1,658

$5,158

$4,866

Per common share

$0.27

$0.25

$0.79

$0.73


Millions of common shares outstanding

At September 30

6,451

6,610

Average

6,464

6,619

6,505

6,653

Average - assuming dilution

6,508

6,652

6,542

6,683


Shareholders' equity at September 30

$95,442

$83,764

Capital employed at September 30

$107,638

$96,527


Income taxes

3,854

2,312

11,066

8,278

Excise taxes

7,045

5,900

19,975

17,627

All other taxes

10,791

10,207

32,186

29,381

Total taxes

$21,690

$18,419

$63,227

$55,286


ExxonMobil's share of income taxes

of equity companies

$246

$152

$886

$662


ATTACHMENT II

EXXON MOBIL CORPORATION

THIRD QUARTER 2004

 (millions of dollars)


Third Quarter

Nine Months

2004

2003

2004

2003

FUNCTIONAL EARNINGS


Net Income (U.S. GAAP)

Upstream

United States

1,173

883

3,564

3,049

Non-U.S.

2,756

1,819

8,224

8,184

Downstream

United States

11

371

1,310

964

Non-U.S.

840

540

2,052

1,816

Chemical

United States

329

25

595

169

Non-U.S.

680

205

1,585

787

Corporate and financing

(109)

(193)

(420)

(659)

Income before accounting change

5,680

3,650

16,910

14,310

Accounting change

0

0

0

550

Net income (U.S. GAAP)

$5,680

$3,650

$16,910

$14,860


Accounting Change and Other Special Items

Upstream

Non-U.S.

0

0

0

1,700

Downstream

U.S.

(550)

0

(550)

0

Accounting change

0

0

0

550

Corporate total

($550)

$0

($550)

$2,250


Earnings Excluding Accounting Change and Other Special Items

Upstream

United States

1,173

883

3,564

3,049

Non-U.S.

2,756

1,819

8,224

6,484

Downstream

United States

561

371

1,860

964

Non-U.S.

840

540

2,052

1,816

Chemical

United States

329

25

595

169

Non-U.S.

680

205

1,585

787

Corporate and financing

(109)

(193)

(420)

(659)

Corporate total

$6,230

$3,650

$17,460

$12,610


ATTACHMENT III

EXXON MOBIL CORPORATION

THIRD QUARTER 2004


Third Quarter

Nine Months

2004

2003

2004

2003

Net production of crude oil

and natural gas liquids,

thousands of barrels daily (kbd)

United States

523

595

565

610

Canada

339

370

354

363

Europe

555

541

590

575

Asia-Pacific

204

241

206

238

Africa    

589

456

558

423

Other Non-U.S.

296

282

301

280

Worldwide

2,506

2,485

2,574

2,489


Natural gas production available for sale,

millions of cubic feet daily (mcfd)

United States

1,877

2,179

1,980

2,316

Canada

954

943

979

927

Europe

3,283

2,711

4,339

4,172

Asia-Pacific

1,516

1,860

1,565

1,834

Other Non-U.S.

798

630

777

621

Worldwide

8,428

8,323

9,640

9,870


Oil-equivalent production (koebd)*

3,911

3,872

4,181

4,134



 (continued)















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


ATTACHMENT III (continued)

EXXON MOBIL CORPORATION

THIRD QUARTER 2004


Third Quarter

Nine Months

2004

2003

2004

2003

Petroleum product sales (kbd)

United States

2,869

2,722

2,831

2,668

Canada

619

591

606

595

Europe

2,156

2,092

2,130

2,048

Asia-Pacific

1,695

1,637

1,669

1,669

Other Non-U.S.

903

889

895

882

Worldwide

8,242

7,931

8,131

7,862


Gasolines, naphthas

3,363

3,308

3,274

3,203

Heating oils, kerosene, diesel

2,446

2,360

2,485

2,387

Aviation fuels

731

672

690

658

Heavy fuels

655

622

650

628

Specialty products

1,047

969

1,032

986

Total

8,242

7,931

8,131

7,862


Refinery throughput (kbd)

United States

1,885

1,850

1,840

1,783

Canada

481

451

467

452

Europe

1,663

1,598

1,650

1,546

Asia-Pacific

1,473

1,364

1,400

1,405

Other Non-U.S.

307

292

309

293

Worldwide

5,809

5,555

5,666

5,479


Chemical product revenue

($ millions)

United States

$3,782

$2,630

$10,186

$7,715

Non-U.S.

$5,581

$3,594

$14,805

$11,054

Worldwide

$9,363

$6,224

$24,991

$18,769


Chemical prime product sales,

thousands of metric tons (kt)


United States

2,922

2,664

8,650

8,023

Non-U.S.

4,195

3,996

12,189

11,852

Worldwide

7,117

6,660

20,839

19,875


ATTACHMENT IV

EXXON MOBIL CORPORATION

THIRD QUARTER 2004

(millions of dollars)


Third Quarter

Nine Months

2004

2003

2004

2003

Capital and Exploration Expenditures


Upstream

United States

483

539

1,402

1,554

Non-U.S.

2,394

2,440

7,019

7,130

Total

2,877

2,979

8,421

8,684

Downstream

United States

202

312

600

953

Non-U.S.

398

356

1,134

1,009

Total

600

668

1,734

1,962

Chemical

United States

68

88

183

239

Non-U.S.

86

95

251

246

Total

154

183

434

485


Other

3

8

63

34


Worldwide

$3,634

$3,838

$10,652

$11,165


Exploration expenses charged to income

included above

Consolidated affiliates

United States

66

38

151

112

Non-U.S.

328

184

623

429

Equity companies - ExxonMobil share

United States

0

0

0

1

Non-U.S.

7

3

11

19

Worldwide

$401

$225

$785

$561


ATTACHMENT V

EXXON MOBIL CORPORATION

NET INCOME


$ Millions

Per Common Share


2000

-

First Quarter

3,480

0.50

-

Second Quarter

4,530

0.66

-

Third Quarter

4,490

0.63

-

Fourth Quarter

5,220

0.76

Year

$17,720

$2.55


2001

-

First Quarter

5,000

0.72

-

Second Quarter

4,460

0.66

-

Third Quarter

3,180

0.46

-

Fourth Quarter

2,680

0.39

Year

$15,320

$2.23


2002

-

First Quarter

2,090

0.30

-

Second Quarter

2,640

0.40

-

Third Quarter

2,640

0.39

-

Fourth Quarter

4,090

0.60

Year

$11,460

$1.69


2003

-

First Quarter

7,040

1.05

-

Second Quarter

4,170

0.63

-

Third Quarter

3,650

0.55

-

Fourth Quarter

6,650

1.01

Year

$21,510

$3.24


2004

-

First Quarter

5,440

0.83

-

Second Quarter

5,790

0.89

-

Third Quarter

5,680

0.88

     

     

     

     

     

     

     



Exxon Mobil Corporation 8k 99-2

EXHIBIT 99.2         

EXXON MOBIL CORPORATION

      

3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 6)

 

     

Net Income (U.S. GAAP), $M

3Q04

2Q04

1Q04

4Q03

3Q03

Upstream

     

  United States

1,173

1,237

1,154

856

883

  Non-U.S.

2,756

2,609

2,859

2,413

1,819

  Total

3,929

3,846

4,013

3,269

2,702

Downstream

     

  United States

11

907

392

384

371

  Non-U.S.

840

600

612

352

540

  Total

851

1,507

1,004

736

911

Chemical

     

  United States

329

148

118

212

25

  Non-U.S.

680

459

446

264

205

  Total

1,009

607

564

476

230

      

Corporate and financing

(109)

(170)

(141)

2,169

(193)

Net income (U.S. GAAP)

5,680

5,790

5,440

6,650

3,650

Net income per common share (U.S. GAAP)

0.88

0.89

0.83

1.01

0.55

Net income per common share

     

 - assuming dilution (U.S. GAAP)

0.88

0.88

0.83

1.01

0.55

      

Special Items $M

     

Upstream

     

  United States

0

0

0

0

0

  Non-U.S.

0

0

0

0

0

  Total

0

0

0

0

0

Downstream

     

  United States

(550)

0

0

0

0

  Non-U.S.

0

0

0

0

0

  Total

(550)

0

0

0

0

Chemical

     

  United States

0

0

0

0

0

  Non-U.S.

0

0

0

0

0

  Total

0

0

0

0

0

      

Corporate and financing

0

0

0

2,230

0

Corporate total

(550)

0

0

2,230

0

 

     

Earnings Excluding Special Items $M

     

Upstream

     

  United States

1,173

1,237

1,154

856

883

  Non-U.S.

2,756

2,609

2,859

2,413

1,819

  Total

3,929

3,846

4,013

3,269

2,702

Downstream

     

  United States

561

907

392

384

371

  Non-U.S.

840

600

612

352

540

  Total

1,401

1,507

1,004

736

911

Chemical

 

 

 

 

 

  United States

329

148

118

212

25

  Non-U.S.

680

459

446

264

205

  Total

1,009

607

564

476

230

      

Corporate and financing

(109)

(170)

(141)

(61)

(193)

Corporate total

6,230

5,790

5,440

4,420

3,650

EPS excluding Special Items - assuming dilution

0.96

0.88

0.83

0.68

0.55

EXXON MOBIL CORPORATION

      

3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 6)

 

     

Supplemental Information (continued)

     
      

Net production of crude oil and

3Q04

2Q04

1Q04

4Q03

3Q03

natural gas liquids, kbd

     

  United States

523

576

598

607

595

  Canada

339

356

369

364

370

  Europe

555

608

607

589

541

  Asia-Pacific

204

198

216

236

241

  Africa

589

542

543

500

456

  Other Non-U.S.

296

301

302

299

282

Total liquids production

2,506

2,581

2,635

2,595

2,485

      

Natural gas production available for sale, mcfd

     

  United States

1,877

1,987

2,076

2,038

2,179

  Canada

954

974

1,009

994

943

  Europe

3,283

3,732

6,014

5,467

2,711

  Asia-Pacific

1,516

1,590

1,591

1,711

1,860

  Other Non-U.S.

798

754

777

648

630

Total natural gas production available for sale

8,428

9,037

11,467

10,858

8,323

      

Total worldwide liquids and gas production, koebd

3,911

4,087

4,546

4,405

3,872

      

Refinery throughput, kbd

     

  United States

1,885

1,854

1,781

1,874

1,850

  Canada

481

441

478

445

451

  Europe

1,663

1,671

1,616

1,626

1,598

  Asia-Pacific

1,473

1,314

1,412

1,345

1,364

  Other Non-U.S.

307

309

309

313

292

Total refinery throughput

5,809

5,589

5,596

5,603

5,555

      

Petroleum product sales, kbd

     

  United States

2,869

2,865

2,758

2,912

2,722

  Canada

619

584

615

622

591

  Europe

2,156

2,106

2,128

2,102

2,092

  Asia-Pacific

1,695

1,585

1,725

1,693

1,637

  Other Non-U.S.

903

883

900

908

889

Total petroleum product sales

8,242

8,023

8,126

8,237

7,931

      

  Gasolines, naphthas

3,363

3,302

3,157

3,342

3,308

  Heating oils, kerosene, diesel

2,446

2,360

2,651

2,568

2,360

  Aviation fuels

731

679

659

673

672

  Heavy fuels

655

649

642

662

622

  Specialty products

1,047

1,033

1,017

992

969

Total petroleum product sales

8,242

8,023

8,126

8,237

7,931

      

Chemical product revenue, $M

     

  United States

$3,782

$3,466

$2,938

$2,448

$2,630

  Non-U.S.

5,581

4,760

4,464

4,036

3,594

Total chemical product revenue

$9,363

$8,226

$7,402

$6,484

$6,224

      

Chemical prime product sales, kt

     

  United States

 2,922

 2,925

 2,803

 2,717

 2,664

  Non-U.S.

4,195

4,005

3,989

3,975

3,996

Total chemical prime product sales

 7,117

 6,930

 6,792

 6,692

 6,660

EXXON MOBIL CORPORATION

      

3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 6)

 

     

Supplemental Information (continued)

     
      

Average Realization Data

3Q04

2Q04

1Q04

4Q03

3Q03

United States

     

  ExxonMobil

     

    Crude ($/B)

39.30

33.80

31.20

26.73

25.70

    Natural Gas ($/kCF)

5.70

5.96

5.59

4.59

4.92

      

  Benchmarks

     

    WTI ($/B)

43.86

38.31

35.23

31.16

30.18

    ANS-WC ($/B)

41.80

37.02

34.14

29.44

28.83

   Henry Hub ($/MBTU)

5.75

6.00

5.69

4.58

4.97

      

Non-U.S.

     

  ExxonMobil

     

    Crude ($/B)

39.35

33.68

30.54

28.11

27.25

    Natural Gas ($/kCF)

4.21

4.02

4.43

4.08

3.52

    European NG ($/kCF)

4.27

4.04

4.57

4.38

3.64

      

  Benchmarks

     

    Brent ($/B)

41.54

35.36

31.95

29.41

28.41

      

Capital and Exploration Expenditures, $M

     

Upstream

     

  United States

 483

 464

 455

 571

 539

  Non-U.S.

2,394

2,376

2,249

2,733

2,440

  Total

 2,877

 2,840

 2,704

 3,304

 2,979

Downstream

     

  United States

 202

 196

 202

 291

 312

  Non-U.S.

398

428

308

528

356

  Total

 600

 624

 510

 819

 668

Chemical

     

  United States

 68

 64

 51

 94

 88

  Non-U.S.

86

84

81

113

95

  Total

 154

 148

 132

 207

 183

Other

 3

 5

 55

 30

 8

 

 

 

 

 

Total Capital and Exploration Expenditures

 3,634

 3,617

 3,401

 4,360

 3,838

      

Exploration Expense Charged to Income, $M

     

  Consolidated - United States

66

46

39

144

38

                        - Non-U.S.

328

164

131

306

184

  Non-consolidated - ExxonMobil share - United States

0

0

0

0

0

                                                               - Non-U.S.

7

0

4

6

3

Total Exploration Expense Charged to Income

401

210

174

456

225

      

Effective Income Tax Rate, %

41.9%

40.5%

41.8%

31.4%

40.3%

      

Common Shares Outstanding (millions)

     

  At quarter end

 6,451

 6,506

 6,540

 6,568

 6,610

  Average

 6,464

 6,506

 6,544

 6,580

 6,619

  Average - assuming dilution

 6,508

 6,547

 6,582

 6,612

 6,652

      

Cash Flows from Operations and Asset Sales ($G)

     

  Net cash provided by operating activities

 9.4

 8.7

 10.1

 6.8

 5.7

  Sales of subsidiaries, investments and PP&E

0.6

0.9

0.5

0.5

0.2

  Cash flows from operations and asset sales

 10.0

 9.6

 10.6

 7.3

 5.9

      

The above numbers reflect ExxonMobil's current estimate of volumes and realizations given data available as of the end of the

third quarter of 2004.  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.

EXXON MOBIL CORPORATION


3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 6)

                                                                                                                                                      ;              


Upstream Earnings Reconciliations


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EXXON MOBIL CORPORATION


3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 6)

                                                                                                                                                      ;              


Downstream Earnings Reconciliations


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EXXON MOBIL CORPORATION


3Q04 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 6)

                                                                                                                                                      ;              


Chemical Earnings Reconciliations


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