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) July 27, 2006


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 July 27, 2006, announcing second quarter 2006 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 2Q06 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.












































-2-










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 27, 2006

By:

/s/ Patrick T. Mulva

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

Name:

Patrick T. Mulva

Title:

Vice President, Controller and

Principal Accounting Officer


























-3-





INDEX TO EXHIBITS




Exhibit No.

Description


99.1

Exxon Mobil Corporation News Release, dated July 27, 2006, announcing second quarter 2006 results.


99.2

2Q06 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k Press Release

EXHIBIT 99.1

 

News Release

[r8k2q06991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 
  

FOR IMMEDIATE RELEASE

 

THURSDAY, JULY 27, 2006

 

 

 



EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

SECOND QUARTER 2006 RESULTS






 

Second Quarter

 

First Half

 
 

2006

2005

%

2006

2005

%

Net Income

      

   $ Millions

10,360

7,640

36

18,760

15,500

21

   $ Per Common Share

      

  Assuming Dilution

1.72

1.20

43

3.09

2.42

28

  

 

    

Earnings Excluding Special Items

      

   $ Millions

10,360

7,840

32

18,760

15,240

23

   $ Per Common Share

      

  Assuming Dilution

1.72

1.23

40

3.09

2.38

30

       

Capital and Exploration

      

Expenditures - $ Millions

4,901

4,537

 

9,725

7,954

 



IRVING, TX, July 27 -- Exxon Mobil Corporation today reported a record second quarter 2006 result.  Net income of $10,360 million ($1.72 per share), increased $2,720 million from the second quarter of 2005.  First half net income of $18,760 million ($3.09 per share), increased by 21% versus first half 2005.




EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


"ExxonMobil's second quarter earnings excluding special items, were a record $10,360 million, up 32% from second quarter 2005.  Earnings per share excluding special items were up 40% reflecting the impact of the continuing share purchase program.  Higher crude oil and natural gas realizations and improved refining margins were partly offset by lower marketing margins.  Net income for the second quarter was up 36% from 2005.  Record first half net income of $18,760 million ($3.09 per share), increased by 21% versus first half 2005.


ExxonMobil continued its active investment program in the second quarter, spending $4.9 billion on capital and exploration projects, an increase of 8% versus 2005.  As a result of additional Upstream opportunities, we now expect full year capital spending to total $20 billion.  In the second quarter of 2006, the results of the Company's continuing long-term investment program yielded an additional 243 thousand oil-equivalent barrels per day of production, a 6% increase over the second quarter of 2005.


The Corporation distributed a total of $7.9 billion to shareholders in the second quarter through dividends and share purchases to reduce shares outstanding, an increase of 48% or $2.6 billion versus 2005.  As a consequence of the continued strengthening of our financial position, share purchases to reduce shares outstanding will be increased to $7.0 billion in the third quarter.  Shares outstanding have been reduced by over 1 billion shares since the ExxonMobil merger in 1999."



SECOND QUARTER HIGHLIGHTS


·

Earnings excluding special items were a record $10,360 million, an increase of 32% or $2,520 million from the second quarter of 2005.


·

Net income was up 36%.  There were no special items in second quarter 2006.  Second quarter 2005 net income included a special charge of $200 million for the Allapattah lawsuit.


·

Cash flow from operations and asset sales was approximately $12.4 billion, including asset sales of $1.1 billion.


·

Earnings per share excluding special items were $1.72, an increase of 40%, reflecting strong earnings and the reduction in the number of shares outstanding.


·

ExxonMobil started production from the world-class Erha deepwater development located approximately 60 miles offshore Nigeria in 3,900 feet of water.  Together with the Erha North satellite due to come on-stream in the third quarter of this year, total Erha production is expected to ramp up to 190,000 barrels of oil a day (gross) by year-end.   Associated natural gas production will be about 300 million cubic feet a day (gross), which will be reinjected for reservoir management.




-2-


Second Quarter 2006 vs. Second Quarter 2005


Upstream earnings were $7,134 million, up $2,226 million from the second quarter of 2005 primarily reflecting higher crude oil and natural gas realizations.  

  

On an oil-equivalent basis, production increased by 6% from the second quarter of 2005.  Excluding the impact of divestments and entitlements, production increased 9%.


Liquids production of 2,701 kbd (thousands of barrels per day) was 233 kbd higher.  Higher production from projects in West Africa and increased volumes in Abu Dhabi were partly offset by mature field decline, entitlement effects and divestment impacts.  Excluding entitlement and divestment effects, liquids production increased by 14%.


Second quarter natural gas production was 8,769 mcfd (millions of cubic feet per day) compared with 8,709 mcfd last year.  Higher volumes from projects in Qatar were partly offset by the impact of mature field decline and planned maintenance activity.


Earnings from U.S. Upstream operations were $1,644 million, $255 million higher than the second quarter of 2005.  Non-U.S. Upstream earnings were $5,490 million, up $1,971 million from 2005.  


Downstream earnings excluding special items, were $2,485 million, up $264 million from the second quarter 2005.  The improved results reflect stronger worldwide refining margins, which were partly offset by weaker marketing margins and lower refining throughput.  Petroleum product sales were 7,060 kbd, 450 kbd lower than last year's second quarter, primarily due to lower refining throughput associated with planned maintenance and divestments.


U.S. Downstream earnings were $1,354 million, up $155 million.  Non-U.S. Downstream earnings of $1,131 million were $109 million higher than in the second quarter of 2005.




-3-




Chemical earnings were $840 million, up $26 million from the second quarter 2005.  Prime product sales of 6,855 kt (thousands of metric tons) were up 263 kt from last year's second quarter due to stronger commodity sales.


Corporate and financing expenses were $99 million, versus $103 million in second quarter 2005.


During the second quarter of 2006, Exxon Mobil Corporation purchased 111 million shares of its common stock for the treasury at a gross cost of $6.8 billion.  These purchases included $6.0 billion to reduce the number of shares outstanding and the balance to offset shares issued in conjunction with the company benefits plans and programs.  Shares outstanding were reduced from 6,050 million at the end of the first quarter to 5,945 million at the end of the second quarter.  Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time without prior notice.





-4-


First Half 2006 vs. First Half 2005


Net income of $18,760 million ($3.09 per share) increased $3,260 million from 2005.  Net income for 2005 included net special items totaling a gain of $260 million.  Excluding special items, earnings increased by $3,520 million versus 2005.



FIRST HALF HIGHLIGHTS


·

Earnings excluding special items were a record $18,760 million, an increase of 23% reflecting ExxonMobil's strong execution across all business segments.


·

Earnings per share excluding special items increased by 30% due to strong earnings and the reduction in the number of shares outstanding.


·

Net income was up 21%.  There were no special items in the first half of 2006.  First half 2005 included a $460 million positive impact from the sale of the Corporation's interest in Sinopec and a $200 million special charge for Allapattah.


·

Cash flow from operations and asset sales was approximately $27.4 billion, including $1.5 billion from asset sales.


·

The Corporation has distributed a total of $14.9 billion to shareholders in 2006 through dividends and share purchases to reduce shares outstanding, an increase of $5.3 billion versus 2005.


·

Capital and exploration expenditures were $9.7 billion, an increase of $1.8 billion versus 2005.



Upstream earnings were $13,517 million, an increase of $3,555 million from 2005, primarily reflecting higher liquids and natural gas realizations.


On an oil-equivalent basis, production increased 6% from last year.  Excluding divestment and entitlement effects, production increased by 8%.


Liquids production of 2,700 kbd increased by 194 kbd from 2005.  Higher production from projects in West Africa and increased volumes in Abu Dhabi were partly offset by mature field decline, entitlement effects and divestment impacts.  Excluding entitlement effects and divestments, liquids production increased 12%.



-5-



Natural gas production of 9,967 mcfd increased 226 mcfd from 2005.  Higher volumes from projects in Qatar were partly offset by mature field decline and planned maintenance activity.


Earnings from U.S. Upstream operations for 2006 were $2,924 million, an increase of $182 million.  Earnings outside the U.S. were $10,593 million, $3,373 million higher than 2005.


Downstream earnings excluding special items were $3,756 million, an increase of $392 million from 2005 reflecting stronger worldwide refining margins, partly offset by weaker marketing margins and lower refining throughput.  Petroleum product sales of 7,118 kbd decreased from 7,502 kbd in 2005, primarily due to lower refining throughput and divestments.


U.S. Downstream earnings excluding special items were $2,033 million, up $189 million.  Non-U.S. Downstream earnings excluding special items were $1,723 million, $203 million higher than last year.


Chemical earnings excluding special items were $1,789 million, down $307 million from 2005.  Weaker margins were partly offset by higher volumes.  Prime product sales were 13,771 kt, up 241 kt from 2005.


Corporate and financing expenses of $302 million increased by $120 million mainly due to tax items.


Gross share purchases in 2006 were $12.8 billion which reduced shares outstanding by 3.1%.




-6-



Estimates of key financial and operating data follow.  


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on July 27, 2006.  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 project plans, resource recoveries, timing, and capacities, could differ materially due to changes in long-term oil or gas prices or other market conditions affecting the oil and gas industry; political events or disturbances; reservoir performance; the outcome of commercial negotiations; potential liability resulting from pending or future litigation; wars and acts of terrorism or sabotage; changes in technical or operating conditions; and other factors discussed under the heading "Factors Affecting Future Results" on our website and in Item 1A of ExxonMobil's 2005 Form 10-K.  We assume no duty to update these statements as of any future date.


Consistent with previous practice this press release includes both net income and earnings excluding special items.  Earnings that exclude special 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.  The release also includes cash flow from operations and asset sales.  Because of the regular nature of our asset management and divestment program, we believe it is useful for investors to consider sales proceeds together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities.  Calculation of this cash flow is shown in Attachment II.  Further information on ExxonMobil's frequently used financial and operating measures is contained on pages 28 and 29 in the 2005 Form 10-K and is also available through the Investor Information section of our website at www.exxonmobil.com.




-7-



 

Attachment I

  

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2006

 

 

(millions of dollars, unless noted)

 

 

 

Second Quarter

 

First Half

 

 

 

2006

2005

 

2006

2005

 

 

Earnings / Earnings Per Share

     

 

 

      

 

 

Total revenues and other income1

99,034

88,568

 

188,014

170,619

 

 

Total costs and other deductions1

80,830

75,809

 

154,351

144,957

 

 

Income before income taxes

18,204

12,759

 

33,663

25,662

 

 

Income taxes

7,844

5,119

 

14,903

10,162

 

 

Net income (U.S. GAAP)

10,360

7,640

 

18,760

15,500

 

 

      

 

 

Net income per common share (dollars)

1.74

1.21

 

3.12

2.44

 

 

      

 

 

Net income per common share

     

 

 

- assuming dilution (dollars)

1.72

1.20

 

3.09

2.42

 

 

      

 

 

Other Financial Data

     

 

 

      

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

1,926

1,840

 

3,883

3,568

 

 

Per common share (dollars)

0.32

0.29

 

0.64

0.56

 

 

      

 

 

Millions of common shares outstanding

     

 

 

At June 30

 

 

 

5,945

6,305

 

 

Average - assuming dilution

6,030

6,370

 

6,076

6,394

 

 

      

 

 

Shareholders' equity at June 30

   

115,764

104,596

 

 

Capital employed at June 30

   

125,714

115,711

 

 

      

 

 

Income taxes

7,844

5,119

 

14,903

10,162

 

 

Excise taxes

8,211

7,515

 

15,875

14,753

 

 

All other taxes

11,033

11,212

 

20,780

22,156

 

 

Total taxes

27,088

23,846

 

51,558

47,071

 

 

      

 

 

ExxonMobil's share of income taxes

     

 

 

of equity companies

356

269

 

877

762

 

 

      

 

 

1 Second quarter 2005 includes $7,507 million and first half 2005 includes $14,667 million for purchases/sales
  contracts with the same counterparty.  These transactions are reported on a net basis in 2006.

 

 

 

 

 

 

 

 

 




-8-



 

Attachment II

  

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2006

 

 

(millions of dollars)

 

 

 

Second Quarter

 

First Half

 

 

 

2006

2005

 

2006

2005

 

 

Net Income (U.S. GAAP)

     

 

 

Upstream

     

 

 

United States

1,644

1,389

 

2,924

2,742

 

 

Non-U.S.

5,490

3,519

 

10,593

7,220

 

 

Downstream

     

 

 

United States

1,354

999

 

2,033

1,644

 

 

Non-U.S.

1,131

1,022

 

1,723

1,830

 

 

Chemical

     

 

 

United States

189

343

 

518

835

 

 

Non-U.S.

651

471

 

1,271

1,411

 

 

Corporate and financing

(99)

(103)

 

(302)

(182)

 

 

Corporate total

10,360

7,640

 

18,760

15,500

 

 

Special Items

     

 

 

Upstream

     

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Downstream

     

 

 

United States

0

(200)

 

0

(200)

 

 

Non-U.S.

0

0

 

0

310

 

 

Chemical

     

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

150

 

 

Corporate and financing

0

0

 

0

0

 

 

Corporate total

0

(200)

 

0

260

 

 

Earnings Excluding Special Items

     

 

 

Upstream

     

 

 

United States

1,644

1,389

 

2,924

2,742

 

 

Non-U.S.

5,490

3,519

 

10,593

7,220

 

 

Downstream

     

 

 

United States

1,354

1,199

 

2,033

1,844

 

 

Non-U.S.

1,131

1,022

 

1,723

1,520

 

 

Chemical

     

 

 

United States

189

343

 

518

835

 

 

Non-U.S.

651

471

 

1,271

1,261

 

 

Corporate and financing

(99)

(103)

 

(302)

(182)

 

 

Corporate total

10,360

7,840

 

18,760

15,240

 

 

Cash flow from operations and asset sales (billions of dollars)

 

 

 

 

Net cash provided by operating activities   (U.S. GAAP)

11.3

9.0

 

25.9

22.0

 

 

Sales of subsidiaries, investments and property, plant and equipment

1.1

2.0

 

1.5

3.8

 

 

Cash flow from operations and asset sales

12.4

11.0

 

27.4

25.8

 




-9-



 

Attachment III

  

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2006

 

 

      

 

 

 

Second Quarter

 

First Half

 

 

 

2006

2005

 

2006

2005

 

 

Net production of crude oil

     

 

 

and natural gas liquids,

     

 

 

thousands of barrels daily (kbd)

     

 

 

United States

434

500

 

438

520

 

 

Canada

300

355

 

316

356

 

 

Europe

511

554

 

537

565

 

 

Africa

808

583

 

774

590

 

 

Asia Pacific/Middle East

481

328

 

474

328

 

 

Russia/Caspian

125

98

 

119

97

 

 

Other

42

50

 

42

50

 

 

Worldwide

2,701

2,468

 

2,700

2,506

 

 

      

 

 

Natural gas production available for sale,

     

 

 

millions of cubic feet daily (mcfd)

     

 

 

United States

1,673

1,835

 

1,683

1,866

 

 

Canada

841

913

 

861

918

 

 

Europe

3,463

3,787

 

4,710

4,771

 

 

Asia Pacific/Middle East

2,616

2,020

 

2,540

2,028

 

 

Russia/Caspian

85

67

 

84

70

 

 

Other

91

87

 

89

88

 

 

Worldwide

8,769

8,709

 

9,967

9,741

 

 

      

 

 

Oil-equivalent production (koebd)1

4,162

3,919

 

4,361

4,129

 

 

      

 

 

      

 

 

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

 

 

 

 

 

 

 

 

 

 




-10-



 

Attachment IV

  

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2006

 

 

      

 

 

 

Second Quarter

 

First Half

 

 

 

2006

2005

 

2006

2005

 

 

Petroleum product sales (kbd)1

     

 

 

United States

2,689

2,898

 

2,670

2,838

 

 

Canada

451

464

 

468

492

 

 

Europe

1,852

1,841

 

1,824

1,798

 

 

Asia Pacific

1,303

1,497

 

1,414

1,551

 

 

Other

765

810

 

742

823

 

 

Worldwide

7,060

7,510

 

7,118

7,502

 

 

      

 

 

Gasolines, naphthas

2,875

3,024

 

2,805

2,933

 

 

Heating oils, kerosene, diesel

2,055

2,149

 

2,149

2,239

 

 

Aviation fuels

632

697

 

633

683

 

 

Heavy fuels

665

654

 

675

673

 

 

Specialty products

833

986

 

856

974

 

 

Total

7,060

7,510

 

7,118

7,502

 

 

      

 

 

Refinery throughput (kbd)

     

 

 

United States

1,720

1,906

 

1,718

1,883

 

 

Canada

366

467

 

426

474

 

 

Europe

1,707

1,668

 

1,676

1,617

 

 

Asia Pacific

1,312

1,413

 

1,388

1,472

 

 

Other

302

273

 

269

292

 

 

Worldwide

5,407

5,727

 

5,477

5,738

 

 

      

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

     

 

 

United States

2,628

2,664

 

5,248

5,502

 

 

Non-U.S.

4,227

3,928

 

8,523

8,028

 

 

Worldwide

6,855

6,592

 

13,771

13,530

 

 

      

 

 

1 All petroleum product sales data is reported net of purchases/sales contracts with the same counterparty.     

 

 

 

 

 

 

 

 

 




-11-



 

Attachment V

  

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2006

 

 

(millions of dollars)

 

 

     

 

 

 

Second Quarter

 

First Half

 

 

 

2006

2005

 

2006

2005

 

 

Capital and Exploration Expenditures

     

 

 

Upstream

     

 

 

United States

619

531

 

1,167

972

 

 

Non-U.S.

3,313

3,147

 

6,852

5,518

 

 

Total

3,932

3,678

 

8,019

6,490

 

 

Downstream

     

 

 

United States

250

201

 

412

349

 

 

Non-U.S.

492

448

 

911

752

 

 

Total

742

649

 

1,323

1,101

 

 

Chemical

     

 

 

United States

64

73

 

127

128

 

 

Non-U.S.

122

102

 

203

195

 

 

Total

186

175

 

330

323

 

 

 

     

 

 

Other

41

35

 

53

40

 

 

      

 

 

Worldwide

4,901

4,537

 

9,725

7,954

 

 

      

 

 

      

 

 

Exploration expenses charged to income

     

 

 

included above

     

 

 

Consolidated affiliates

     

 

 

United States

36

53

 

99

74

 

 

Non-U.S.

134

155

 

348

302

 

 

Equity companies - ExxonMobil share

     

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

7

 

3

12

 

 

Worldwide

170

215

 

450

388

 

 

 

 

 

 

 

 

 




-12-



 

Attachment VI

  

 

 

 

EXXON MOBIL CORPORATION

 

NET INCOME

 

   

 

 

  

$ Millions

$ Per Common Share

 

   

 

 

 

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

 

 

Fourth Quarter

8,420

1.31

 

 

Year

25,330

3.91

 

  


 

 

 

2005


 

 

 

First Quarter

7,860

1.23

 

 

Second Quarter

7,640

1.21

 

 

Third Quarter

9,920

1.60

 

 

Fourth Quarter

10,710

1.72

 

 

Year

36,130

5.76

 

  


 

 

 

2006


 

 

 

First Quarter

8,400

1.38

 

 

Second Quarter

10,360

1.74

 

 

 

  

 

 

 

 

 

 




-13-


Exxon Mobil Corporation 8-k 99.2



Exhibit 99.2

EXXON MOBIL CORPORATION

      

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 6)

 

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

2Q06

1Q06

4Q05

3Q05

2Q05

Upstream

  United States

1,644 

1,280 

1,787 

1,671 

1,389 

  Non-U.S.

5,490 

5,103 

5,251 

5,678 

3,519 

  Total

7,134 

6,383 

7,038 

7,349 

4,908 

Downstream

  United States

1,354 

679 

1,158 

1,109 

999 

  Non-U.S.

1,131 

592 

1,232 

1,019 

1,022 

  Total

2,485 

1,271 

2,390 

2,128 

2,021 

Chemical

  United States

189 

329 

281 

70 

343 

  Non-U.S.

651 

620 

944 

402 

471 

  Total

840 

949 

1,225 

472 

814 

      

Corporate and financing

(99)

(203)

57 

(29)

(103)

Net income (U.S. GAAP)

10,360 

8,400 

10,710 

9,920 

7,640 

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

1.74 

1.38 

1.72 

1.60 

1.21 

Net income per common share

 - assuming dilution (U.S. GAAP)

1.72 

1.37 

1.71 

1.58 

1.20 

      

Special Items $M

Upstream

  United States

  Non-U.S.

1,620 

  Total

1,620 

Downstream

  United States

(200)

  Non-U.S.

  Total

(200)

Chemical

  United States

  Non-U.S.

390 

  Total

390 

      

Corporate and financing

Corporate total

390 

1,620 

(200)

 

Earnings Excluding Special Items $M

Upstream

  United States

1,644 

1,280 

1,787 

1,671 

1,389 

  Non-U.S.

5,490 

5,103 

5,251 

4,058 

3,519 

  Total

7,134 

6,383 

7,038 

5,729 

4,908 

Downstream

 

 

 

 

 

  United States

1,354 

679 

1,158 

1,109 

1,199 

  Non-U.S.

1,131 

592 

1,232 

1,019 

1,022 

  Total

2,485 

1,271 

2,390 

2,128 

2,221 

Chemical

  United States

189 

329 

281 

70 

343 

  Non-U.S.

651 

620 

554 

402 

471 

  Total

840 

949 

835 

472 

814 

      

Corporate and financing

(99)

(203)

57 

(29)

(103)

Corporate total

10,360 

8,400 

10,320 

8,300 

7,840 

EPS excluding Special Items - assuming dilution

1.72

1.37

1.65

1.32

1.23

EXXON MOBIL CORPORATION

      

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 6)

 

Supplemental Information (continued)

      

Net production of crude oil and

2Q06

1Q06

4Q05

3Q05

2Q05

natural gas liquids, kbd

  United States

434 

442 

431 

439 

500 

  Canada

300 

332 

356 

317 

355 

  Europe

511 

563 

539 

516 

554 

  Africa

808 

741 

795 

688 

583 

  Asia Pacific/Middle East

481 

467 

330 

337 

328 

  Russia/Caspian

125 

114 

131 

106 

98 

  Other

42 

39 

47 

48 

50 

Total liquids production

2,701 

2,698 

2,629 

2,451 

2,468 

      

Natural gas production available for sale, mcfd

  United States

1,673 

1,693 

1,620 

1,609 

1,835 

  Canada

841 

882 

912 

926 

913 

  Europe

3,463 

5,970 

4,804 

2,930 

3,787 

  Asia Pacific/Middle East

2,616 

2,462 

2,303 

2,096 

2,020 

  Russia/Caspian

85 

82 

98 

70 

67 

  Other

91 

89 

85 

85 

87 

Total natural gas production available for sale

8,769 

11,178 

9,822 

7,716 

8,709 

      

Total worldwide liquids and gas production, koebd

4,162 

4,561 

4,266 

3,737 

3,919 

      

Refinery throughput, kbd

  United States

1,720 

1,716 

1,669 

1,744 

1,906 

  Canada

366 

486 

479 

439 

467 

  Europe

1,707 

1,645 

1,717 

1,735 

1,668 

  Asia Pacific

1,312 

1,465 

1,484 

1,530 

1,413 

  Other Non-U.S.

302 

236 

303 

316 

273 

Total refinery throughput

5,407 

5,548 

5,652 

5,764 

5,727 

      

Petroleum product sales, kbd (1)

  United States

2,689 

2,651 

2,816 

2,798 

2,898 

  Canada

451 

484 

517 

492 

464 

  Europe

1,852 

1,797 

1,863 

1,837 

1,841 

  Asia Pacific

1,303 

1,527 

1,613 

1,527 

1,497 

  Other Non-U.S.

765 

718 

783 

823 

810 

Total petroleum product sales

7,060 

7,177 

7,592 

7,477 

7,510 

      

  Gasolines, naphthas

2,875 

2,735 

2,969 

2,992 

3,024 

  Heating oils, kerosene, diesel

2,055 

2,244 

2,290 

2,151 

2,149 

  Aviation fuels

632 

634 

626 

713 

697 

  Heavy fuels

665 

685 

732 

675 

654 

  Specialty products

833 

879 

975 

946 

986 

Total petroleum product sales

7,060 

7,177 

7,592 

7,477 

7,510 

      

Chemical prime product sales, kt

  United States

 2,628 

 2,620 

 2,228 

 2,639 

 2,664 

  Non-U.S.

4,227 

4,296 

4,064 

4,316 

3,928 

Total chemical prime product sales

 6,855 

 6,916 

 6,292 

 6,955 

 6,592 

      

(1) All petroleum product sales data is reported net of purchases/sales contracts with the same counterparty.

 

EXXON MOBIL CORPORATION

      

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 6)

 

Supplemental Information (continued)

      

Average Realization Data

2Q06

1Q06

4Q05

3Q05

2Q05

United States

  ExxonMobil

    Crude ($/b)

63.84

55.99

52.23

56.97

45.58

    Natural Gas ($/kcf)

6.39

8.20

11.34

7.88

6.45

      

  Benchmarks

    WTI ($/b)

70.36

63.28

59.99

63.05

53.03

    ANS-WC ($/b)

68.74

60.87

57.87

60.79

50.04

   Henry Hub ($/mbtu)

6.80

9.01

13.00

8.53

6.74

      

Non-U.S.

  ExxonMobil

    Crude ($/b)

65.12

57.05

53.02

58.24

47.55

    Natural Gas ($/kcf)

6.67

7.42

6.99

5.61

5.25

    European NG ($/kcf)

7.69

8.04

7.11

5.61

5.58

      

  Benchmarks

    Brent ($/b)

69.62

61.75

56.90

61.54

51.59

      

Capital and Exploration Expenditures, $M

Upstream

  United States

 619 

 548 

 542 

 628 

 531 

  Non-U.S.

3,313 

3,539 

3,852 

2,958 

3,147 

  Total

 3,932 

 4,087 

 4,394 

 3,586 

 3,678 

Downstream

  United States

 250 

 162 

 213 

 191 

 201 

  Non-U.S.

492 

419 

535 

455 

448 

  Total

 742 

 581 

 748 

 646 

 649 

Chemical

  United States

 64 

 63 

 61 

 54 

 73 

  Non-U.S.

122 

81 

108 

108 

102 

  Total

 186 

 144 

 169 

 162 

 175 

Other

 41 

 12 

 20 

 20 

 35 

      

Total Capital and Exploration Expenditures

 4,901 

 4,824 

 5,331 

 4,414 

 4,537 

      

Exploration Expense Charged to Income, $M

  Consolidated - United States

36 

63 

54 

29 

53 

                        - Non-U.S.

134 

214 

278 

215 

155 

  Non-consolidated - ExxonMobil share - United States

                                                               - Non-U.S.

Total Exploration Expense Charged to Income

170 

280 

332 

249 

215 

      

Effective Income Tax Rate, %

44.2%

47.4%

41.1%

41.8%

41.4%

      

Common Shares Outstanding (millions)

  At quarter end

 5,945 

 6,050 

 6,133 

 6,222 

 6,305 

  Average - assuming dilution

 6,030 

 6,126 

 6,211 

 6,303 

 6,370 

      

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 11.3 

 14.6 

 10.5 

 15.7 

 9.0 

  Sales of subsidiaries, investments and PP&E

1.1 

0.4 

1.4 

0.8 

2.0 

  Cash flows from operations and asset sales

 12.4 

 15.0 

 11.9 

 16.5 

 11.0 

      

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

second quarter of 2006.  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

 

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 6)

 

Upstream Earnings Reconciliations

[ircharts001.jpg]




EXXON MOBIL CORPORATION

 

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 6)

 

Downstream Earnings Reconciliations

[ircharts002.jpg]




EXXON MOBIL CORPORATION

 

2Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 6)

 

Chemical Earnings Reconciliations

[ircharts003.jpg]