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): April 30, 2009
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)
Registrants telephone number, including area code (972) 444-1000
|
|
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| (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 April 30, 2009, announcing first quarter 2009 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 1Q09 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: April 30, 2009
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 April 30, 2009, announcing first quarter 2009 results.
99.2
1Q09 Investor Relations Data Summary.
-4-
EXHIBIT 99.1
News Release | |
| Exxon Mobil Corporation |
| 5959 Las Colinas Boulevard |
| Irving, TX 75039 |
| 972 444 1107 Telephone |
| 972 444 1138 Facsimile |
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|
|
FOR IMMEDIATE RELEASE |
|
THURSDAY, APRIL 30, 2009 |
|
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|
EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED
FIRST QUARTER 2009 RESULTS
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| First Quarter |
| |
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| 2009 | 2008 | % |
Earnings 1 |
|
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$ Millions |
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| 4,550 | 10,890 | -58 |
$ Per Common Share |
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Assuming Dilution 1 |
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| 0.92 | 2.02 | -54 |
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Special Items |
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|
$ Millions |
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| 0 | 0 |
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Earnings Excluding Special Items |
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$ Millions |
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| 4,550 | 10,890 | -58 |
$ Per Common Share |
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Assuming Dilution 1 |
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| 0.92 | 2.02 | -54 |
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Capital and Exploration |
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Expenditures - $ Millions |
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| 5,774 | 5,491 | 5 |
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1 See page 6 for a discussion of accounting standards adopted effective January 1, 2009. |
EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:
"ExxonMobil posted solid first quarter results despite the slowdown in the global marketplace and sharply lower commodity prices. ExxonMobils first quarter earnings were $4.6 billion, down 58% from the first quarter of last year. Earnings per share were down 54% reflecting lower earnings and the benefit of the share purchase program.
In spite of the dramatic changes to the global economic environment, ExxonMobil is maintaining its long-term focus and disciplined approach to capital investment. In the first quarter, capital and exploration project spending increased to $5.8 billion, up 5% from last year. We are committed to investing in our world-class inventory of projects to develop new energy supplies which are vital to economic growth.
The Corporation returned significant cash to shareholders in the first quarter, distributing a total of $9.0 billion through dividends and share purchases to reduce shares outstanding."
FIRST QUARTER HIGHLIGHTS
·
Earnings were $4,550 million, a decrease of 58% or $6,340 million from the first quarter of 2008.
·
Earnings per share were $0.92, a decrease of 54%.
·
Capital and exploration expenditures were $5.8 billion, up 5% from the first quarter of 2008.
·
Oil-equivalent production of 4.2 million barrels per day was up slightly from the first quarter of 2008. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 2%.
·
Cash flow from operations and asset sales was approximately $9.1 billion, including asset sales of $0.1 billion.
·
Share purchases of $7.0 billion reduced shares outstanding by 1.9%.
·
ExxonMobil announced the arrival of the first Liquefied Natural Gas (LNG) cargo at the South Hook LNG receiving terminal in Wales. The terminal adds to the United Kingdoms LNG import capacity and energy diversity, with the ability to deliver up to 2 billion cubic feet of gas daily into the U.K. market. The terminal forms part of the Qatargas II joint venture which will supply gas to the U.K. from Qatars North Field.
·
ExxonMobil inaugurated its newest high efficiency cogeneration plant at its Antwerp refinery in Belgium. In addition to generating 125 megawatts, the new plant will reduce Belgiums carbon dioxide emissions by an amount equivalent to removing 90,000 cars from Europes roads.
·
ExxonMobil Chemical announced it will build a technology center in Shanghai, China to provide product applications support for its growing business in the Chinese and Asian markets. The technology center is expected to be operational in 2010.
-2-
First Quarter 2009 vs. First Quarter 2008
Upstream earnings were $3,503 million, down $5,282 million from the first quarter of 2008. Lower crude oil realizations reduced earnings approximately $4.4 billion while lower natural gas prices decreased earnings about $500 million. Higher operating expenses reduced earnings about $300 million.
On an oil-equivalent basis, production was up slightly from the first quarter of 2008. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 2%.
Liquids production totaled 2,475 kbd (thousands of barrels per day), up 7 kbd from the first quarter of 2008. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was up 3%, as increased production from projects in west Africa, the United States and the North Sea, and lower maintenance activity more than offset natural field decline.
First quarter natural gas production was 10,195 mcfd (millions of cubic feet per day), down 34 mcfd from 2008. New production volumes from project additions in Qatar, the North Sea, and Malaysia were offset by natural field decline and lower European demand.
Earnings from U.S. Upstream operations were $360 million, $1,271 million lower than the first quarter of 2008. Non-U.S. Upstream earnings were $3,143 million, down $4,011 million from last year.
Downstream earnings of $1,133 million were down $33 million from the first quarter of 2008. Volume and mix effects reduced earnings about $400 million, while unfavorable foreign exchange impacts and higher operating expenses decreased earnings about $300 million. Higher margins increased earnings about $700 million. Petroleum product sales of 6,434 kbd were 387 kbd lower than last year's first quarter, mainly reflecting asset sales and lower demand.
-3-
U.S. Downstream earnings were $352 million, down $46 million from the first quarter of 2008. Non-U.S. Downstream earnings of $781 million were $13 million higher than last year.
Chemical earnings of $350 million were $678 million lower than the first quarter of 2008. Lower volumes and lower margins each reduced earnings approximately $300 million. Unfavorable foreign exchange effects also reduced earnings. First quarter prime product sales of 5,527 kt (thousands of metric tons) were 1,051 kt lower than the prior year due to lower demand.
Corporate and financing expenses of $436 million increased by $347 million due overall to net lower interest income.
During the first quarter of 2009, Exxon Mobil Corporation purchased 107 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 4,976 million at the end of the fourth quarter to 4,880 million at the end of the first quarter. Share purchases to reduce shares outstanding are currently anticipated to equal $5.0 billion through the second quarter of 2009. 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-
ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on April 30, 2009. To listen to the event live or in archive, go to our website at exxonmobil.com.
Cautionary statement
Statements in this release relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, costs, timing, and capacities; capital expenditures; and share purchase levels, could differ materially due to factors including: changes in long-term oil or gas prices or other market conditions affecting the oil and gas industry; completion of repair projects as planned; unforeseen technical difficulties; political events or disturbances; reservoir performance; the outcome of commercial negotiations; 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 2008 Form 10-K. We assume no duty to update these statements as of any future date. References to quantities of oil e xpected to be developed may include amounts not yet classified as proved reserves but that we believe will ultimately be produced.
Frequently used terms
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 attributable to ExxonMobil 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 and other terms is contained under the heading "Frequently Used Terms" available through the Investors section of our website at exxonmobil.com.
-5-
Accounting standards adopted in first quarter 2009
Effective January 1, 2009, ExxonMobil adopted the Financial Accounting Standards Board's (FASB) Statement No. 160 (FAS 160), Noncontrolling Interests in Consolidated Financial Statements an Amendment of ARB No. 51. FAS 160 changed the accounting and reporting for minority interests, which will be recharacterized as noncontrolling interests and classified as a component of equity. FAS 160 required retrospective adoption of the presentation and disclosure requirements for existing minority interests. All other requirements of FAS 160 will be applied prospectively. The adoption of FAS 160 did not have a material impact on the Corporations financial statements.
References to total corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the income statement. Unless otherwise indicated, references to earnings, special items, earnings excluding special items, Upstream, Downstream, Chemical and Corporate and Financing segment earnings, and earnings per share are ExxonMobil's share after excluding amounts attributable to noncontrolling interests.
Effective January 1, 2009, ExxonMobil adopted the Financial Accounting Standards Board's Staff Position (FSP) on the Emerging Issues Task Force (EITF) Issue No. 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions are Participating Securities. The FSP required that all unvested share-based payment awards that contain nonforfeitable rights to dividends should be included in the basic Earnings Per Share (EPS) calculation. Prior-year EPS numbers have been adjusted retrospectively on a consistent basis with 2009 reporting. This standard did not affect the consolidated financial position or results of operations.
-6-
| Attachment I | ||||||
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| EXXON MOBIL CORPORATION |
| |||||
| FIRST QUARTER 2009 |
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| (millions of dollars, unless noted) |
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| First Quarter |
| |
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| 2009 | 2008 |
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| Earnings / Earnings Per Share 1 |
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| Total revenues and other income |
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| 64,028 | 116,854 |
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| Total costs and other deductions |
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| 56,178 | 96,380 |
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| Income before income taxes |
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| 7,850 | 20,474 |
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| Income taxes |
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| 3,148 | 9,302 |
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| Net income including noncontrolling interests |
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| 4,702 | 11,172 |
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| Net income attributable to noncontrolling interests |
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| 152 | 282 |
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| Net income attributable to ExxonMobil (U.S. GAAP) |
|
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| 4,550 | 10,890 |
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| Earnings per common share (dollars) |
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| 0.92 | 2.03 |
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| Earnings per common share |
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| - assuming dilution (dollars) |
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| 0.92 | 2.02 |
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| Other Financial Data |
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| Dividends on common stock |
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| Total |
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| 1,981 | 1,879 |
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| Per common share (dollars) |
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| 0.40 | 0.35 |
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| Millions of common shares outstanding |
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| At March 31 |
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| 4,880 | 5,284 |
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| Average - assuming dilution 1 |
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| 4,959 | 5,379 |
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| ExxonMobil share of equity at March 31 |
|
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| 107,003 | 123,139 |
|
| ExxonMobil share of capital employed at March 31 |
|
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| 119,163 | 135,503 |
|
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| Income taxes |
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| 3,148 | 9,302 |
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| Sales-based taxes |
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| 5,906 | 8,432 |
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| All other taxes |
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| 8,589 | 11,607 |
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| Total taxes |
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| 17,643 | 29,341 |
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| ExxonMobil share of income taxes of |
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| equity companies |
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| 688 | 1,005 |
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| 1 See page 6 for a discussion of accounting standards adopted effective January 1, 2009. |
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-7-
| Attachment II | ||||||
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| EXXON MOBIL CORPORATION |
| |||||
| FIRST QUARTER 2009 |
| |||||
| (millions of dollars) |
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|
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| First Quarter |
| |
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| 2009 | 2008 |
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| Earnings (U.S. GAAP) |
|
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| Upstream |
|
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| United States |
|
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| 360 | 1,631 |
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| Non-U.S. |
|
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| 3,143 | 7,154 |
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| Downstream |
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| United States |
|
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| 352 | 398 |
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| Non-U.S. |
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| 781 | 768 |
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| Chemical |
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| United States |
|
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| 83 | 284 |
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| Non-U.S. |
|
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| 267 | 744 |
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| Corporate and financing |
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| (436) | (89) |
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| Net income attributable to ExxonMobil |
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| 4,550 | 10,890 |
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| Special Items |
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| Upstream |
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| United States |
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| 0 | 0 |
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| Non-U.S. |
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| 0 | 0 |
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| Downstream |
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| United States |
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| 0 | 0 |
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| Non-U.S. |
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| 0 | 0 |
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| Chemical |
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| United States |
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| 0 | 0 |
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| Non-U.S. |
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| 0 | 0 |
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| Corporate and financing |
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| 0 | 0 |
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| Corporate total |
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| 0 | 0 |
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| Earnings Excluding Special Items |
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| Upstream |
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| United States |
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| 360 | 1,631 |
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| Non-U.S. |
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| 3,143 | 7,154 |
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| Downstream |
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| United States |
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| 352 | 398 |
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| Non-U.S. |
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| 781 | 768 |
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| Chemical |
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| United States |
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| 83 | 284 |
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| Non-U.S. |
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| 267 | 744 |
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| Corporate and financing |
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| (436) | (89) |
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| Corporate total |
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| 4,550 | 10,890 |
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| Cash flow from operations and asset sales (billions of dollars) |
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| |||
| Net cash provided by operating activities |
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| 9.0 | 21.4 |
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| Sales of subsidiaries, investments and property, plant and equipment |
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| 0.1 | 0.4 |
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| Cash flow from operations and asset sales |
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| 9.1 | 21.8 |
|
-8-
| Attachment III | ||||||
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| EXXON MOBIL CORPORATION |
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| FIRST QUARTER 2009 |
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| First Quarter |
| |
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| 2009 | 2008 |
|
| Net production of crude oil |
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| and natural gas liquids, |
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| thousands of barrels daily (kbd) |
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| United States |
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| 396 | 386 |
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| Canada/South America |
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| 308 | 297 |
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| Europe |
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| 411 | 457 |
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| Africa |
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| 715 | 635 |
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| Asia Pacific/Middle East |
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| 466 | 498 |
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| Russia/Caspian |
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| 179 | 195 |
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| Worldwide |
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| 2,475 | 2,468 |
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| Natural gas production available for sale, |
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| millions of cubic feet daily (mcfd) |
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| United States |
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| 1,249 | 1,288 |
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| Canada/South America |
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| 633 | 663 |
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| Europe |
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| 4,965 | 5,126 |
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| Africa |
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| 25 | 34 |
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| Asia Pacific/Middle East |
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| 3,168 | 2,994 |
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| Russia/Caspian |
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| 155 | 124 |
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| Worldwide |
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| 10,195 | 10,229 |
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| Oil-equivalent production (koebd) 1 |
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| 4,174 | 4,173 |
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| 1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels |
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-9-
| Attachment IV | ||||||
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| EXXON MOBIL CORPORATION |
| |||||
| FIRST QUARTER 2009 |
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| First Quarter |
| |
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| 2009 | 2008 |
|
| Refinery throughput (kbd) |
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|
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| United States |
|
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| 1,805 | 1,759 |
|
| Canada |
|
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| 460 | 425 |
|
| Europe |
|
|
| 1,518 | 1,572 |
|
| Asia Pacific |
|
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| 1,306 | 1,449 |
|
| Other |
|
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| 292 | 321 |
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| Worldwide |
|
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| 5,381 | 5,526 |
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|
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|
|
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|
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| Petroleum product sales (kbd) |
|
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|
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| United States |
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| 2,577 | 2,548 |
|
| Canada |
|
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| 416 | 441 |
|
| Europe |
|
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| 1,567 | 1,707 |
|
| Asia Pacific |
|
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| 1,345 | 1,410 |
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| Other |
|
|
| 529 | 715 |
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| Worldwide |
|
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| 6,434 | 6,821 |
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|
|
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|
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| Gasolines, naphthas |
|
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| 2,457 | 2,666 |
|
| Heating oils, kerosene, diesel |
|
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| 2,188 | 2,089 |
|
| Aviation fuels |
|
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| 526 | 612 |
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| Heavy fuels |
|
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| 593 | 687 |
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| Specialty products |
|
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| 670 | 767 |
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| Worldwide |
|
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| 6,434 | 6,821 |
|
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| Chemical prime product sales, |
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|
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| thousands of metric tons (kt) |
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|
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|
|
| United States |
|
|
| 2,043 | 2,555 |
|
| Non-U.S. |
|
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| 3,484 | 4,023 |
|
| Worldwide |
|
|
| 5,527 | 6,578 |
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|
-10-
| Attachment V | ||||||
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| EXXON MOBIL CORPORATION |
| |||||
| FIRST QUARTER 2009 |
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| (millions of dollars) |
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|
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|
|
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|
| |
|
|
|
|
| First Quarter |
| |
|
|
|
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| 2009 | 2008 |
|
| Capital and Exploration Expenditures |
|
|
|
|
|
|
| Upstream |
|
|
|
|
|
|
| United States |
|
|
| 803 | 591 |
|
| Non-U.S. |
|
|
| 3,563 | 3,504 |
|
| Total |
|
|
| 4,366 | 4,095 |
|
| Downstream |
|
|
|
|
|
|
| United States |
|
|
| 353 | 351 |
|
| Non-U.S. |
|
|
| 293 | 476 |
|
| Total |
|
|
| 646 | 827 |
|
| Chemical |
|
|
|
|
|
|
| United States |
|
|
| 77 | 99 |
|
| Non-U.S. |
|
|
| 681 | 467 |
|
| Total |
|
|
| 758 | 566 |
|
|
|
|
|
|
|
|
|
| Other |
|
|
| 4 | 3 |
|
|
|
|
|
|
|
|
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| Worldwide |
|
|
| 5,774 | 5,491 |
|
|
|
|
|
|
|
|
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|
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|
|
|
|
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| Exploration expenses charged to income |
|
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|
|
|
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| included above |
|
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|
|
|
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| Consolidated affiliates |
|
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|
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| United States |
|
|
| 42 | 53 |
|
| Non-U.S. |
|
|
| 307 | 283 |
|
| Equity companies - ExxonMobil share |
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|
|
|
|
| United States |
|
|
| 0 | 0 |
|
| Non-U.S. |
|
|
| 1 | 2 |
|
| Worldwide |
|
|
| 350 | 338 |
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-11-
| Attachment VI | ||||
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| EXXON MOBIL CORPORATION | ||||
| EARNINGS | ||||
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| $ Millions | $ Per Common Share1,2 | ||
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| 2005 |
|
|
|
|
| First Quarter | 7,860 |
| 1.23 |
|
| Second Quarter | 7,640 |
| 1.21 |
|
| Third Quarter | 9,920 |
| 1.58 |
|
| Fourth Quarter | 10,710 |
| 1.72 |
|
| Year | 36,130 |
| 5.74 |
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| 2006 |
|
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|
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| First Quarter | 8,400 |
| 1.38 |
|
| Second Quarter | 10,360 |
| 1.72 |
|
| Third Quarter | 10,490 |
| 1.77 |
|
| Fourth Quarter | 10,250 |
| 1.77 |
|
| Year | 39,500 |
| 6.64 |
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| 2007 |
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| First Quarter | 9,280 |
| 1.63 |
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| Second Quarter | 10,260 |
| 1.83 |
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| Third Quarter | 9,410 |
| 1.71 |
|
| Fourth Quarter | 11,660 |
| 2.14 |
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| Year | 40,610 |
| 7.31 |
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| 2008 |
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| First Quarter | 10,890 |
| 2.03 |
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| Second Quarter | 11,680 |
| 2.24 |
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| Third Quarter | 14,830 |
| 2.86 |
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| Fourth Quarter | 7,820 |
| 1.55 |
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| Year | 45,220 |
| 8.70 |
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| 2009 |
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| First Quarter | 4,550 |
| 0.92 |
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| 1 Computed using the average number of shares outstanding during each period. |
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| The sum of the four quarters may not add to the full year. |
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| 2 See page 6 for a discussion of accounting standards adopted effective January 1, 2009. |
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-12-
EXHIBIT 99.2 | |||||
EXXON MOBIL CORPORATION | |||||
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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 7) | |||||
| |||||
Earnings, $M | 1Q09 | 4Q08 | 3Q08 | 2Q08 | 1Q08 |
Upstream | |||||
United States | 360 | 699 | 1,879 | 2,034 | 1,631 |
Non-U.S. | 3,143 | 4,935 | 9,092 | 7,978 | 7,154 |
Total | 3,503 | 5,634 | 10,971 | 10,012 | 8,785 |
Downstream | |||||
United States | 352 | (20) | 978 | 293 | 398 |
Non-U.S. | 781 | 2,434 | 2,035 | 1,265 | 768 |
Total | 1,133 | 2,414 | 3,013 | 1,558 | 1,166 |
Chemical | |||||
United States | 83 | 81 | 257 | 102 | 284 |
Non-U.S. | 267 | 74 | 830 | 585 | 744 |
Total | 350 | 155 | 1,087 | 687 | 1,028 |
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Corporate and financing | (436) | (383) | (241) | (577) | (89) |
Net income attributable to ExxonMobil (U.S. GAAP) | 4,550 | 7,820 | 14,830 | 11,680 | 10,890 |
Earnings per common share (U.S. GAAP) 1 | 0.92 | 1.55 | 2.86 | 2.24 | 2.03 |
Earnings per common share | |||||
- assuming dilution (U.S. GAAP) 1 | 0.92 | 1.54 | 2.85 | 2.22 | 2.02 |
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Special Items $M | |||||
Upstream | |||||
United States | 0 | 0 | 0 | 0 | 0 |
Non-U.S. | 0 | 0 | 1,620 | 0 | 0 |
Total | 0 | 0 | 1,620 | 0 | 0 |
Downstream | |||||
United States | 0 | 0 | 0 | 0 | 0 |
Non-U.S. | 0 | 0 | 0 | 0 | 0 |
Total | 0 | 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 |
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Corporate and financing | 0 | 0 | (170) | (290) | 0 |
Corporate total | 0 | 0 | 1,450 | (290) | 0 |
| |||||
Earnings Excluding Special Items $M | |||||
Upstream | |||||
United States | 360 | 699 | 1,879 | 2,034 | 1,631 |
Non-U.S. | 3,143 | 4,935 | 7,472 | 7,978 | 7,154 |
Total | 3,503 | 5,634 | 9,351 | 10,012 | 8,785 |
Downstream |
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United States | 352 | (20) | 978 | 293 | 398 |
Non-U.S. | 781 | 2,434 | 2,035 | 1,265 | 768 |
Total | 1,133 | 2,414 | 3,013 | 1,558 | 1,166 |
Chemical | |||||
United States | 83 | 81 | 257 | 102 | 284 |
Non-U.S. | 267 | 74 | 830 | 585 | 744 |
Total | 350 | 155 | 1,087 | 687 | 1,028 |
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Corporate and financing | (436) | (383) | (71) | (287) | (89) |
Corporate total | 4,550 | 7,820 | 13,380 | 11,970 | 10,890 |
EPS excluding Special Items - assuming dilution 1 | 0.92 | 1.54 | 2.58 | 2.27 | 2.02 |
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1 Prior quarter numbers have been adjusted to be on a consistent basis with 2009 reporting. | |||||
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EXXON MOBIL CORPORATION | |||||
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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 7) | |||||
| |||||
Supplemental Information (continued) | |||||
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Net production of crude oil and | 1Q09 | 4Q08 | 3Q08 | 2Q08 | 1Q08 |
natural gas liquids, kbd | |||||
United States | 396 | 376 | 340 | 366 | 386 |
Canada/South America | 308 | 303 | 283 | 281 | 297 |
Europe | 411 | 421 | 397 | 439 | 457 |
Africa | 715 | 697 | 639 | 637 | 635 |
Asia Pacific/Middle East | 466 | 508 | 510 | 509 | 498 |
Russia/Caspian | 179 | 167 | 121 | 159 | 195 |
Total liquids production | 2,475 | 2,472 | 2,290 | 2,391 | 2,468 |
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Natural gas production available for sale, mcfd | |||||
United States | 1,249 | 1,216 | 1,163 | 1,317 | 1,288 |
Canada/South America | 633 | 616 | 634 | 651 | 663 |
Europe | 4,965 | 4,652 | 2,768 | 3,255 | 5,126 |
Africa | 25 | 31 | 33 | 30 | 34 |
Asia Pacific/Middle East | 3,168 | 3,196 | 3,135 | 3,129 | 2,994 |
Russia/Caspian | 155 | 138 | 87 | 107 | 124 |
Total natural gas production available for sale | 10,195 | 9,849 | 7,820 | 8,489 | 10,229 |
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Total worldwide liquids and gas production, koebd | 4,174 | 4,113 | 3,593 | 3,806 | 4,173 |
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Refinery throughput, kbd | |||||
United States | 1,805 | 1,647 | 1,592 | 1,811 | 1,759 |
Canada | 460 | 441 | 468 | 451 | 425 |
Europe | 1,518 | 1,593 | 1,647 | 1,590 | 1,572 |
Asia Pacific | 1,306 | 1,320 | 1,328 | 1,312 | 1,449 |
Other Non-U.S. | 292 | 312 | 319 | 308 | 321 |
Total refinery throughput | 5,381 | 5,313 | 5,354 | 5,472 | 5,526 |
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Petroleum product sales, kbd | |||||
United States | 2,577 | 2,593 | 2,437 | 2,584 | 2,548 |
Canada | 416 | 456 | 452 | 425 | 441 |
Europe | 1,567 | 1,687 | 1,736 | 1,719 | 1,707 |
Asia Pacific | 1,345 | 1,369 | 1,338 | 1,321 | 1,410 |
Other Non-U.S. | 529 | 656 | 725 | 726 | 715 |
Total petroleum product sales | 6,434 | 6,761 | 6,688 | 6,775 | 6,821 |
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Gasolines, naphthas | 2,457 | 2,691 | 2,622 | 2,636 | 2,666 |
Heating oils, kerosene, diesel | 2,188 | 2,164 | 2,063 | 2,067 | 2,089 |
Aviation fuels | 526 | 551 | 640 | 623 | 612 |
Heavy fuels | 593 | 632 | 602 | 630 | 687 |
Specialty products | 670 | 723 | 761 | 819 | 767 |
Total petroleum product sales | 6,434 | 6,761 | 6,688 | 6,775 | 6,821 |
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Chemical prime product sales, kt | |||||
United States | 2,043 | 2,021 | 2,248 | 2,702 | 2,555 |
Non-U.S. | 3,484 | 3,605 | 3,812 | 4,016 | 4,023 |
Total chemical prime product sales | 5,527 | 5,626 | 6,060 | 6,718 | 6,578 |
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EXXON MOBIL CORPORATION | |||||
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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 7) | |||||
| |||||
Supplemental Information (continued) | |||||
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Average Realization Data | 1Q09 | 4Q08 | 3Q08 | 2Q08 | 1Q08 |
United States | |||||
ExxonMobil | |||||
Crude ($/b) | 36.41 | 48.33 | 104.89 | 119.32 | 91.36 |
Natural Gas ($/kcf) | 4.38 | 5.57 | 9.23 | 10.16 | 8.07 |
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Benchmarks | |||||
WTI ($/b) | 42.97 | 58.49 | 117.83 | 123.98 | 97.94 |
ANS-WC ($/b) | 45.28 | 56.06 | 116.90 | 123.79 | 96.62 |
Henry Hub ($/mbtu) | 4.91 | 6.95 | 10.25 | 10.94 | 8.03 |
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Non-U.S. | |||||
ExxonMobil | |||||
Crude ($/b) | 41.89 | 51.45 | 112.61 | 119.20 | 93.47 |
Natural Gas ($/kcf) | 8.29 | 9.90 | 10.17 | 9.90 | 9.28 |
European NG ($/kcf) | 9.87 | 11.68 | 12.14 | 11.61 | 10.30 |
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Benchmarks | |||||
Brent ($/b) | 44.40 | 54.91 | 114.78 | 121.38 | 96.90 |
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Capital and Exploration Expenditures, $M | |||||
Upstream | |||||
United States | 803 | 1,000 | 1,000 | 743 | 591 |
Non-U.S. | 3,563 | 4,105 | 4,277 | 4,514 | 3,504 |
Total | 4,366 | 5,105 | 5,277 | 5,257 | 4,095 |
Downstream | |||||
United States | 353 | 438 | 421 | 426 | 351 |
Non-U.S. | 293 | 516 | 423 | 478 | 476 |
Total | 646 | 954 | 844 | 904 | 827 |
Chemical | |||||
United States | 77 | 96 | 123 | 123 | 99 |
Non-U.S. | 681 | 639 | 598 | 674 | 467 |
Total | 758 | 735 | 721 | 797 | 566 |
Other | 4 | 35 | 11 | 12 | 3 |
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Total Capital and Exploration Expenditures | 5,774 | 6,829 | 6,853 | 6,970 | 5,491 |
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Exploration Expense Charged to Income, $M | |||||
Consolidated - United States | 42 | 45 | 45 | 46 | 53 |
- Non-U.S. | 307 | 328 | 353 | 288 | 283 |
Non-consolidated - ExxonMobil share - United States | 0 | 0 | 0 | 0 | 0 |
- Non-U.S. | 1 | 3 | 6 | 5 | 2 |
Total Exploration Expense Charged to Income | 350 | 376 | 404 | 339 | 338 |
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Effective Income Tax Rate, % 1 | 45% | 44% | 44% | 49% | 48% |
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Common Shares Outstanding (millions) | |||||
At quarter end | 4,880 | 4,976 | 5,087 | 5,194 | 5,284 |
Average - assuming dilution 1 | 4,959 | 5,062 | 5,178 | 5,281 | 5,379 |
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Total Cash and Cash Equivalent ($G) | 25.0 | 31.4 | 36.7 | 39.0 | 40.9 |
Includes restricted cash | |||||
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Total Debt ($G) | 9.2 | 9.4 | 10.3 | 9.6 | 10.0 |
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Cash Flows from Operations and Asset Sales ($G) | |||||
Net cash provided by operating activities | 9.0 | 10.5 | 14.4 | 13.4 | 21.4 |
Sales of subsidiaries, investments and PP&E | 0.1 | 1.8 | 2.6 | 1.2 | 0.4 |
Cash flows from operations and asset sales | 9.1 | 12.3 | 17.0 | 14.6 | 21.8 |
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The above numbers reflect ExxonMobil's current estimate of volumes and realizations given data available as of the end of the | |||||
first quarter of 2009. 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. | |||||
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1 Prior quarter numbers have been adjusted to be on a consistent basis with 2009 reporting. | |||||
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|
| EXXON MOBIL CORPORATION 1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 7) | |
|
| EXXON MOBIL CORPORATION 1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 7) | |
| EXXON MOBIL CORPORATION 1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 7) | |
| EXXON MOBIL CORPORATION 1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 7 of 7) | |