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) February 1, 2008


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 February 1, 2008, announcing fourth quarter 2007 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 4Q07 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:  February 1, 2008

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 February 1, 2008, announcing fourth quarter 2007 results.


99.2

4Q07 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k 99.1 Press Release

EXHIBIT 99.1


News Release

[r8k4q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

FRIDAY, FEBRUARY 1, 2008

 



EXXON MOBIL CORPORATION ANNOUNCES  

ESTIMATED RECORD 2007 RESULTS


 

Fourth Quarter

 

Twelve Months

 

 

2007

2006

%

2007

2006

%

Net Income

 

 

 

 

 

 

   $ Millions

11,660

10,250

14

40,610

39,500

3

   $ Per Common Share

 

 

 

 

 

 

         Assuming Dilution

2.13

1.76

21

7.28

6.62

10

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

0

410

 

0

410

 

 

 

 

 

 

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

11,660

9,840

18

40,610

39,090

4

   $ Per Common Share

 

 

 

 

 

 

         Assuming Dilution

2.13

1.69

26

7.28

6.55

11

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

6,151

5,069

 

20,853

19,855

 


EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


ExxonMobil's full year 2007 net income and earnings excluding special items were a record $40,610 million ($7.28 per share), reflecting strong results in all business segments.


We continued to supply crude oil and natural gas volumes to meet the world’s energy needs through disciplined development and operation of our globally diverse resource base.  Capital and exploration project spending increased to $20,853 million in 2007, up 5% from 2006.  Our long-term investment program, in projects often far from major consuming nations, continued to provide resources essential to the increasingly



interdependent global energy supply network.  Operations reliability in our global Downstream and Chemical businesses continued to supply the important products consumers require around the world.


The Corporation distributed a total of $35.6 billion to shareholders in 2007 through dividends and share purchases to reduce shares outstanding, up $3.0 billion from 2006.


ExxonMobil’s fourth quarter earnings excluding special items were a record $11,660 million, up 18% from the fourth quarter of 2006. Higher crude oil and natural gas realizations and gains on asset sales were partly offset by lower chemical margins.”




FOURTH QUARTER HIGHLIGHTS



·

Net income was a record $11,660 million, up 14% from the fourth quarter of 2006.  Fourth quarter 2006 net income included a special tax-related benefit of $410 million.  


·

Cash flow from operations and asset sales was approximately $13.1 billion, including asset sales of $1.8 billion.


·

Spending on capital and exploration projects was $6.2 billion, up 21% from the fourth quarter of 2006.


·

Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, production on an oil-equivalent basis increased nearly 3%.


·

The Marimba North project, located more than 90 miles off the coast of Angola in approximately 3,900 feet of water, started production ahead of schedule and within budget.  The project is the first tie-back development to the Kizomba A infrastructure, and is designed to develop 80 million barrels of oil (gross) and is expected to have peak production capacity of about 40,000 barrels of oil per day (gross).  


·

ExxonMobil Chemical and ExxonMobil’s Japanese affiliate, Tonen Chemical, introduced new battery separator film technologies that are expected to significantly enhance the safety, power and reliability of lithium-ion batteries for use in hybrid and electric vehicles.





-2-


Fourth Quarter 2007 vs. Fourth Quarter 2006


Upstream earnings were $8,204 million, up $1,984 million from the fourth quarter of 2006 primarily reflecting higher crude oil realizations and higher gains on asset sales partly offset by tax items and lower liquid volumes.


On an oil-equivalent basis, production increased nearly 1% from the fourth quarter of 2006.  Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, production was up nearly 3%.


Liquids production of 2,517 kbd (thousands of barrels per day) was 161 kbd lower.  Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, liquids production was down 3%.  Mature field decline and PSC net interest reductions were partly offset by increased production from projects in Russia and West Africa.  


Fourth quarter natural gas production was 10,414 mcfd (millions of cubic feet per day), up 1,113 mcfd, or 12%, from 2006.   Higher European demand and increased volume from projects in Qatar and the North Sea were partly offset by mature field decline.   


Earnings from U.S. Upstream operations were $1,275 million, $223 million higher than the fourth quarter of 2006.  Non-U.S. Upstream earnings were $6,929 million, up $1,761 million from 2006.


Downstream earnings of $2,267 million were $307 million higher than the fourth quarter of 2006.  Gains on asset sales were about $450 million higher, and a LIFO inventory gain of approximately $250 million was consistent with 2006 LIFO inventory results. Fourth quarter 2007 earnings also reflected improved refinery operations partly offset by lower U.S. refining margins.  Petroleum product sales of 7,125 kbd were 322 kbd lower than last year's fourth quarter, mainly reflecting asset sales.


U.S. Downstream earnings were $622 million, down $323 million from the fourth quarter of 2006.  Non-U.S. Downstream earnings of $1,645 million were $630 million higher and included the impact of higher gains on asset sales.



-3-


Chemical earnings of $1,112 million were $130 million lower than the fourth quarter of 2006, mainly due to lower margins and lower LIFO inventory effects partly offset by higher sales volumes.  Prime product sales of 7,049 kt (thousands of metric tons) in the fourth quarter of 2007 were up 222 kt from the prior year.


Corporate and financing earnings excluding special items were $77 million, down $341 million, mainly due to tax items.


During the fourth quarter of 2007, Exxon Mobil Corporation purchased 88 million shares of its common stock for the treasury at a gross cost of $7.9 billion.  These purchases included $7.0 billion to reduce the number of shares outstanding, with the balance used to offset shares issued in conjunction with the company's benefit plans and programs.  Shares outstanding were reduced from 5,464 million at the end of the third quarter to 5,382 million at the end of the fourth 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-


Full Year 2007 vs. Full Year 2006


Net income of $40,610 million ($7.28 per share) was a record and increased $1,110 million from 2006.  Net income for 2006 included a special item of $410 million for a tax-related benefit in the corporate and financing segment.  Excluding this impact, 2007 earnings increased by $1,520 million.



FULL YEAR HIGHLIGHTS


·

Earnings excluding special items were a record $40,610 million, up 4%, reflecting record performance across all business segments.


·

Earnings per share excluding special items increased 11% to $7.28, reflecting strong business results and the continued reduction in the number of shares outstanding.


·

Net income was up 3% from 2006, which included a special item of $410 million for a tax-related benefit.  Net income for 2007 did not include any special items.


·

Cash flow from operations and asset sales was approximately $56.2 billion, including $4.2 billion from asset sales.


·

The Corporation distributed a total of $35.6 billion to shareholders in 2007 through dividends and share purchases to reduce shares outstanding, an increase of $3.0 billion versus 2006.


·

Dividends per share of $1.37 increased 7%.


·

Capital and exploration expenditures were $20.9 billion, an increase of 5% versus 2006.


·

Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, production on an oil-equivalent basis increased nearly 1%.



Upstream earnings were a record $26,497 million, an increase of $267 million from 2006 due to higher crude oil realizations and favorable sales mix effects, mostly offset by higher operating expenses, net unfavorable tax items and lower natural gas realizations.


On an oil-equivalent basis, production decreased 1% from last year.  Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, production was up nearly 1%.


Liquids production of 2,616 kbd decreased 65 kbd from 2006.  Excluding the Venezuela expropriation, divestments, OPEC quota effects and price and spend impacts on volumes, liquids production was flat.  Mature field decline and PSC net interest reductions were offset by higher production from projects in Russia and West Africa.



-5-


Natural gas production of 9,384 mcfd increased 50 mcfd from 2006.  Higher volumes from projects in Qatar and the North Sea were mostly offset by mature field decline.    


Earnings from U.S. Upstream operations in 2007 were $4,870 million, a decrease of $298 million.  Earnings outside the U.S. were $21,627 million, $565 million higher than 2006.


Downstream earnings were a record $9,573 million, up $1,119 million from 2006, reflecting higher gains on asset sales and improved refinery operations partly offset by lower refining margins.  Petroleum product sales of 7,099 kbd decreased from 7,247 kbd in 2006.


U.S. Downstream earnings were $4,120 million, down $130 million.  Non-U.S. Downstream earnings were $5,453 million, $1,249 million higher than last year.


Chemical earnings were a record $4,563 million, up $181 million from 2006, driven by higher sales volumes and favorable foreign exchange effects partly offset by weaker margins.  Prime product sales were 27,480 kt, up 130 kt from 2006.


Corporate and financing expenses excluding special items were $23 million and were comparable to 2006.


In 2007, Exxon Mobil Corporation purchased 386 million shares of its common stock for the treasury at a gross cost of $31.8 billion.  These purchases included $28.0 billion to reduce the number of shares outstanding, with the balance used to offset shares issued in conjunction with the company’s benefit plans and programs.  Shares outstanding were reduced from 5,729 million at the end of 2006 to 5,382 million at the end of 2007, a decrease of 6.1%.  


Estimates of key financial and operating data follow.  



-6-


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on February 1, 2008.  To listen to the event live or in archive, go to our website at "exxonmobil.com".



Statements in this release relating to future plans, projections, events or conditions are forward-looking statements.  Actual results, including project plans and related expenditures, 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 2006 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 earnings excluding special items and earnings per share excluding special items.  Both are non-GAAP financial measures 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.  A reconciliation to net cash provided by operating activities is shown in Attachment II.  Further information on ExxonMobil's frequently used financial and operating measures is contained on pages 32 and 3 3 in the 2006 Form 10-K and is also available through the Investor Information section of our website at "exxonmobil.com".






-7-


 

 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2007

 

 

(millions of dollars, unless noted)

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2007

2006

 

2007

2006

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

116,642

90,028

 

404,552

377,635

 

 

Total costs and other deductions

96,920

74,467

 

334,078

310,233

 

 

Income before income taxes

19,722

15,561

 

70,474

67,402

 

 

Income taxes

8,062

5,311

 

29,864

27,902

 

 

Net income (U.S. GAAP)

11,660

10,250

 

40,610

39,500

 

 

 

 

 

 

 

 

 

 

Net income per common share (dollars)

2.15

1.77

 

7.36

6.68

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

2.13

1.76

 

7.28

6.62

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

1,903

1,853

 

7,621

7,628

 

 

Per common share (dollars)

0.35

0.32

 

1.37

1.28

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At December 31

 

 

 

5,382

5,729

 

 

Average - assuming dilution

5,454

5,816

 

5,577

5,970

 

 

 

 

 

 

 

 

 

 

Shareholders' equity at December 31

 

 

 

121,762

113,844

 

 

Capital employed at December 31

 

 

 

133,664

123,855

 

 

 

 

 

 

 

 

 

 

Income taxes

8,062

5,311

 

29,864

27,902

 

 

Sales-based taxes

8,664

6,742

 

31,728

30,381

 

 

All other taxes

12,065

10,820

 

44,091

42,393

 

 

Total taxes

28,791

22,873

 

105,683

100,676

 

 

 

 

 

 

 

 

 

 

ExxonMobil's share of income taxes

 

 

 

 

 

 

 

of equity companies

920

609

 

2,547

1,920

 

 

 

 

 

 

 

 

 

 



-8-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2007

 

 

(millions of dollars)

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2007

2006

 

2007

2006

 

 

Net Income (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,275

1,052

 

4,870

5,168

 

 

Non-U.S.

6,929

5,168

 

21,627

21,062

 

 

Downstream

 

 

 

 

 

 

 

United States

622

945

 

4,120

4,250

 

 

Non-U.S.

1,645

1,015

 

5,453

4,204

 

 

Chemical

 

 

 

 

 

 

 

United States

335

384

 

1,181

1,360

 

 

Non-U.S.

777

858

 

3,382

3,022

 

 

Corporate and financing

77

828

 

(23)

434

 

 

Corporate total

11,660

10,250

 

40,610

39,500

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Corporate and financing

0

410

 

0

410

 

 

Corporate total

0

410

 

0

410

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,275

1,052

 

4,870

5,168

 

 

Non-U.S.

6,929

5,168

 

21,627

21,062

 

 

Downstream

 

 

 

 

 

 

 

United States

622

945

 

4,120

4,250

 

 

Non-U.S.

1,645

1,015

 

5,453

4,204

 

 

Chemical

 

 

 

 

 

 

 

United States

335

384

 

1,181

1,360

 

 

Non-U.S.

777

858

 

3,382

3,022

 

 

Corporate and financing

77

418

 

(23)

24

 

 

Corporate total

11,660

9,840

 

40,610

39,090

 

 

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

 

 

 

 

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

11.3

8.8

 

52.0

49.3

 

 

Sales of subsidiaries, investments and property, plant and equipment

1.8

0.8

 

4.2

3.1

 

 

Cash flow from operations and asset sales

13.1

9.6

 

56.2

52.4

 




-9-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2007

2006

 

2007

2006

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

385

404

 

392

414

 

 

Canada/South America

305

355

 

324

354

 

 

Europe

461

516

 

480

520

 

 

Africa

669

772

 

717

781

 

 

Asia Pacific/Middle East

503

487

 

518

485

 

 

Russia/Caspian

194

144

 

185

127

 

 

Worldwide

2,517

2,678

 

2,616

2,681

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

1,405

1,588

 

1,468

1,625

 

 

Canada/South America

717

894

 

808

935

 

 

Europe

4,945

4,108

 

3,810

4,086

 

 

Africa

26

0

 

26

0

 

 

Asia Pacific/Middle East

3,205

2,601

 

3,162

2,596

 

 

Russia/Caspian

116

110

 

110

92

 

 

Worldwide

10,414

9,301

 

9,384

9,334

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

4,253

4,228

 

4,180

4,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 




-10-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2007

2006

 

2007

2006

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,804

1,837

 

1,746

1,760

 

 

Canada

467

456

 

442

442

 

 

Europe

1,660

1,616

 

1,642

1,672

 

 

Asia Pacific

1,457

1,474

 

1,416

1,434

 

 

Other

329

315

 

325

295

 

 

Worldwide

5,717

5,698

 

5,571

5,603

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd) 1

 

 

 

 

 

 

 

United States

2,733

2,851

 

2,717

2,729

 

 

Canada

475

483

 

461

473

 

 

Europe

1,728

1,779

 

1,773

1,813

 

 

Asia Pacific

1,472

1,530

 

1,419

1,461

 

 

Other

717

804

 

729

771

 

 

Worldwide

7,125

7,447

 

7,099

7,247

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,833

2,952

 

2,850

2,866

 

 

Heating oils, kerosene, diesel

2,155

2,303

 

2,094

2,191

 

 

Aviation fuels

639

652

 

641

651

 

 

Heavy fuels

724

677

 

715

682

 

 

Specialty products

774

863

 

799

857

 

 

Worldwide

7,125

7,447

 

7,099

7,247

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,762

2,775

 

10,855

10,703

 

 

Non-U.S.

4,287

4,052

 

16,625

16,647

 

 

Worldwide

7,049

6,827

 

27,480

27,350

 

 

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

 

 

 

 

 

 

 

 

 




-11-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2007

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2007

2006

 

2007

2006

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

681

713

 

2,212

2,486

 

 

Non-U.S.

3,857

3,357

 

13,512

13,745

 

 

Total

4,538

4,070

 

15,724

16,231

 

 

Downstream

 

 

 

 

 

 

 

United States

336

197

 

1,128

824

 

 

Non-U.S.

578

551

 

2,175

1,905

 

 

Total

914

748

 

3,303

2,729

 

 

Chemical

 

 

 

 

 

 

 

United States

118

78

 

360

280

 

 

Non-U.S.

568

153

 

1,422

476

 

 

Total

686

231

 

1,782

756

 

 

 

 

 

 

 

 

 

 

Other

13

20

 

44

139

 

 

 

 

 

 

 

 

 

 

Worldwide

6,151

5,069

 

20,853

19,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

79

59

 

280

243

 

 

Non-U.S.

419

314

 

1,177

925

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

0

2

 

2

2

 

 

Non-U.S.

22

4

 

30

9

 

 

Worldwide

520

379

 

1,489

1,179

 

 

 

 

 

 

 

 

 




-12-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

NET INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share

 

 

 

 

 

 

 

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

 

 

Third Quarter

10,490

 

1.79

 

 

Fourth Quarter

10,250

 

1.77

 

 

Year

39,500

 

6.68

 

 

 

 

 

 

 

 

2007

 

 

 

 

 

First Quarter

9,280

 

1.64

 

 

Second Quarter

10,260

 

1.85

 

 

Third Quarter

9,410

 

1.72

 

 

Fourth Quarter

11,660

 

2.15

 

 

Year

40,610

 

7.36

 

 

 

 

 

 

 




-13-


Exxon Mobil Corporation 8-k 99.2



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 9)

 

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

4Q07

3Q07

2Q07

1Q07

4Q06

Upstream

  United States

1,275 

1,196 

1,222 

1,177 

1,052 

  Non-U.S.

6,929 

5,103 

4,731 

4,864 

5,168 

  Total

8,204 

6,299 

5,953 

6,041 

6,220 

Downstream

  United States

622 

914 

1,745 

839 

945 

  Non-U.S.

1,645 

1,087 

1,648 

1,073 

1,015 

  Total

2,267 

2,001 

3,393 

1,912 

1,960 

Chemical

  United States

335 

296 

204 

346 

384 

  Non-U.S.

777 

906 

809 

890 

858 

  Total

1,112 

1,202 

1,013 

1,236 

1,242 

 

 

 

 

 

 

Corporate and financing

77 

(92)

(99)

91 

828 

Net income (U.S. GAAP)

11,660 

9,410 

10,260 

9,280 

10,250 

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

2.15 

1.72 

1.85 

1.64 

1.77 

Net income per common share

 - assuming dilution (U.S. GAAP)

2.13 

1.70 

1.83 

1.62 

1.76 

 

 

 

 

 

 

Special Items $M

Upstream

  United States

  Non-U.S.

  Total

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

  Total

 

 

 

 

 

 

Corporate and financing

410 

Corporate total

410 

 

Earnings Excluding Special Items $M

Upstream

  United States

1,275 

1,196 

1,222 

1,177 

1,052 

  Non-U.S.

6,929 

5,103 

4,731 

4,864 

5,168 

  Total

8,204 

6,299 

5,953 

6,041 

6,220 

Downstream

 

 

 

 

 

  United States

622 

914 

1,745 

839 

945 

  Non-U.S.

1,645 

1,087 

1,648 

1,073 

1,015 

  Total

2,267 

2,001 

3,393 

1,912 

1,960 

Chemical

  United States

335 

296 

204 

346 

384 

  Non-U.S.

777 

906 

809 

890 

858 

  Total

1,112 

1,202 

1,013 

1,236 

1,242 

 

 

 

 

 

 

Corporate and financing

77 

(92)

(99)

91 

418 

Corporate total

11,660 

9,410 

10,260 

9,280 

9,840 

EPS excluding Special Items - assuming dilution

2.13

1.70

1.83

1.62

1.69

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 9)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

4Q07

3Q07

2Q07

1Q07

4Q06

natural gas liquids, kbd

  United States

385 

373 

393 

416 

404 

  Canada/South America

305 

321 

340 

330 

355 

  Europe

461 

446 

490 

524 

516 

  Africa

669 

686 

734 

782 

772 

  Asia Pacific/Middle East

503 

533 

529 

508 

487 

  Russia/Caspian

194 

178 

182 

186 

144 

Total liquids production

2,517 

2,537 

2,668 

2,746 

2,678 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

1,405 

1,414 

1,540 

1,514 

1,588 

  Canada/South America

717 

799 

868 

852 

894 

  Europe

4,945 

2,665 

3,029 

4,609 

4,108 

  Africa

26 

25 

26 

25 

  Asia Pacific/Middle East

3,205 

3,270 

3,173 

2,998 

2,601 

  Russia/Caspian

116 

110 

97 

116 

110 

Total natural gas production available for sale

10,414 

8,283 

8,733 

10,114 

9,301 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,253 

3,918 

4,123 

4,432 

4,228 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,804 

1,790 

1,592 

1,798 

1,837 

  Canada

467 

451 

410 

441 

456 

  Europe

1,660 

1,648 

1,621 

1,641 

1,616 

  Asia Pacific

1,457 

1,368 

1,337 

1,504 

1,474 

  Other Non-U.S.

329 

325 

319 

321 

315 

Total refinery throughput

5,717 

5,582 

5,279 

5,705 

5,698 

 

 

 

 

 

 

Petroleum product sales, kbd (1)

  United States

2,733 

2,709 

2,651 

2,774 

2,851 

  Canada

475 

470 

451 

449 

483 

  Europe

1,728 

1,783 

1,769 

1,812 

1,779 

  Asia Pacific

1,472 

1,429 

1,345 

1,428 

1,530 

  Other Non-U.S.

717 

710 

758 

735 

804 

Total petroleum product sales

7,125 

7,101 

6,974 

7,198 

7,447 

 

 

 

 

 

 

  Gasolines, naphthas

2,833 

2,831 

2,876 

2,858 

2,952 

  Heating oils, kerosene, diesel

2,155 

2,056 

1,973 

2,195 

2,303 

  Aviation fuels

639 

671 

622 

633 

652 

  Heavy fuels

724 

728 

682 

726 

677 

  Specialty products

774 

815 

821 

786 

863 

Total petroleum product sales

7,125 

7,101 

6,974 

7,198 

7,447 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,762 

 2,661 

 2,701 

 2,731 

 2,775 

  Non-U.S.

4,287 

4,068 

4,196 

4,074 

4,052 

Total chemical prime product sales

 7,049 

 6,729 

 6,897 

 6,805 

 6,827 

 

 

 

 

 

 

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

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 9)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

4Q07

3Q07

2Q07

1Q07

4Q06

United States

  ExxonMobil

    Crude ($/b)

83.18

69.52

60.09

50.59

51.26

    Natural Gas ($/kcf)

6.38

5.87

7.12

6.70

6.22

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

90.66

75.48

64.89

57.99

59.95

    ANS-WC ($/b)

88.76

76.49

65.76

55.69

55.51

   Henry Hub ($/mbtu)

6.97

6.16

7.55

6.77

6.56

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

85.38

71.81

65.97

55.31

56.36

    Natural Gas ($/kcf)

8.19

6.27

6.01

6.69

7.28

    European NG ($/kcf)

9.34

7.49

6.68

7.86

8.57

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

88.69

74.87

68.76

57.75

59.74

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 681 

 568 

 497 

 466 

 713 

  Non-U.S.

3,857 

3,283 

3,369 

3,003 

3,357 

  Total

 4,538 

 3,851 

 3,866 

 3,469 

 4,070 

Downstream

  United States

 336 

 263 

 317 

 212 

 197 

  Non-U.S.

578 

721 

557 

319 

551 

  Total

 914 

 984 

 874 

 531 

 748 

Chemical

  United States

 118 

 96 

 62 

 84 

 78 

  Non-U.S.

568 

505 

214 

135 

153 

  Total

 686 

 601 

 276 

 219 

 231 

Other

 13 

 5 

 23 

 3 

 20 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 6,151 

 5,441 

 5,039 

 4,222 

 5,069 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

79 

75 

37 

89 

59 

                      - Non-U.S.

419 

271 

308 

179 

314 

  Non-consolidated - ExxonMobil share - United States

                                                         - Non-U.S.

22 

Total Exploration Expense Charged to Income

520 

351 

347 

271 

379 

 

 

 

 

 

 

Effective Income Tax Rate, %

44%

46%

44%

44%

37%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 5,382 

 5,464 

 5,546 

 5,633 

 5,729 

  Average - assuming dilution

 5,454 

 5,536 

 5,620 

 5,714 

 5,816 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

34.0 

36.0 

33.6 

34.6 

32.8 

  Includes restricted cash

 

 

 

 

 

 

Total Debt ($G)

9.6 

9.0 

8.8 

8.8 

8.3 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 11.3 

 15.1 

 11.3 

 14.3 

 8.8 

  Sales of subsidiaries, investments and PP&E

1.8 

0.7 

1.2 

0.5 

0.8 

  Cash flows from operations and asset sales

 13.1 

 15.8 

 12.5 

 14.8 

 9.6 

 

 

 

 

 

 

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

fourth quarter of 2007.  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


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 9)

                                                                                                                                                                   


Upstream Earnings Reconciliations


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EXXON MOBIL CORPORATION


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 9)

                                                                                                                                                                   


Upstream Earnings Reconciliations


[ircharts002.jpg]



EXXON MOBIL CORPORATION


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 9)

                                                                                                                                                                   


Downstream Earnings Reconciliations


[ircharts003.jpg]


EXXON MOBIL CORPORATION


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 7 of 9)

                                                                                                                                                                   


Downstream Earnings Reconciliations


[ircharts004.jpg]



EXXON MOBIL CORPORATION


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 8 of 9)

                                                                                                                                                                   


Chemical Earnings Reconciliations


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EXXON MOBIL CORPORATION


4Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 9 of 9)

                                                                                                                                                                   


Chemical Earnings Reconciliations


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