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): 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)



 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 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-


Exxon Mobil Corporation - 8k Press Release

EXHIBIT 99.1


News Release

[r8k1q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, APRIL 30, 2009

 

 

 



EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

FIRST QUARTER 2009 RESULTS



 

 

 

 

First Quarter

 

 

 

 

 

2009

2008

%

Earnings 1

 

 

 

 

 

 

   $ Millions

 

 

 

4,550

10,890

-58

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution 1

 

 

 

0.92

2.02

-54

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

 

 

 

0

0

 

 

 

 

 

 

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

 

 

 

4,550

10,890

-58

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution 1

 

 

 

0.92

2.02

-54

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

 

 

 

5,774

5,491

5

 

 

 

 

 

 

 

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.  ExxonMobil’s 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 Kingdom’s 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 Qatar’s 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 Belgium’s carbon dioxide emissions by an amount equivalent to removing 90,000 cars from Europe’s 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 Corporation’s 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

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2009

 

 

(millions of dollars, unless noted)

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2009

2008

 

 

Earnings / Earnings Per Share 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

 

 

 

64,028

116,854

 

 

Total costs and other deductions

 

 

 

56,178

96,380

 

 

Income before income taxes

 

 

 

7,850

20,474

 

 

Income taxes

 

 

 

3,148

9,302

 

 

Net income including noncontrolling interests

 

 

 

4,702

11,172

 

 

Net income attributable to noncontrolling interests

 

 

 

152

282

 

 

Net income attributable to ExxonMobil (U.S. GAAP)

 

 

 

4,550

10,890

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

 

 

 

0.92

2.03

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

 

 

 

0.92

2.02

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

 

 

 

1,981

1,879

 

 

Per common share (dollars)

 

 

 

0.40

0.35

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At March 31

 

 

 

4,880

5,284

 

 

Average - assuming dilution 1

 

 

 

4,959

5,379

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at March 31

 

 

 

107,003

123,139

 

 

ExxonMobil share of capital employed at March 31

 

 

 

119,163

135,503

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

3,148

9,302

 

 

Sales-based taxes

 

 

 

5,906

8,432

 

 

All other taxes

 

 

 

8,589

11,607

 

 

Total taxes

 

 

 

17,643

29,341

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

 

 

 

688

1,005

 

 

 

 

 

 

 

 

 

 

1 See page 6 for a discussion of accounting standards adopted effective January 1, 2009.

 

 

 

 

 

 

 

 

 



-7-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2009

 

 

(millions of dollars)

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2009

2008

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

360

1,631

 

 

Non-U.S.

 

 

 

3,143

7,154

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

352

398

 

 

Non-U.S.

 

 

 

781

768

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

83

284

 

 

Non-U.S.

 

 

 

267

744

 

 

Corporate and financing

 

 

 

(436)

(89)

 

 

Net income attributable to ExxonMobil

 

 

 

4,550

10,890

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Corporate and financing

 

 

 

0

0

 

 

Corporate total

 

 

 

0

0

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

360

1,631

 

 

Non-U.S.

 

 

 

3,143

7,154

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

352

398

 

 

Non-U.S.

 

 

 

781

768

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

83

284

 

 

Non-U.S.

 

 

 

267

744

 

 

Corporate and financing

 

 

 

(436)

(89)

 

 

Corporate total

 

 

 

4,550

10,890

 

 

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

 

 

 

 

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

 

 

 

9.0

21.4

 

 

Sales of subsidiaries, investments and property, plant and equipment

 

 

 

0.1

0.4

 

 

Cash flow from operations and asset sales

 

 

 

9.1

21.8

 



-8-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2009

2008

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

 

 

 

396

386

 

 

Canada/South America

 

 

 

308

297

 

 

Europe

 

 

 

411

457

 

 

Africa

 

 

 

715

635

 

 

Asia Pacific/Middle East

 

 

 

466

498

 

 

Russia/Caspian

 

 

 

179

195

 

 

Worldwide

 

 

 

2,475

2,468

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

 

 

 

1,249

1,288

 

 

Canada/South America

 

 

 

633

663

 

 

Europe

 

 

 

4,965

5,126

 

 

Africa

 

 

 

25

34

 

 

Asia Pacific/Middle East

 

 

 

3,168

2,994

 

 

Russia/Caspian

 

 

 

155

124

 

 

Worldwide

 

 

 

10,195

10,229

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

 

 

 

4,174

4,173

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 



-9-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2009

2008

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

 

 

 

1,805

1,759

 

 

Canada

 

 

 

460

425

 

 

Europe

 

 

 

1,518

1,572

 

 

Asia Pacific

 

 

 

1,306

1,449

 

 

Other

 

 

 

292

321

 

 

Worldwide

 

 

 

5,381

5,526

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

 

 

 

2,577

2,548

 

 

Canada

 

 

 

416

441

 

 

Europe

 

 

 

1,567

1,707

 

 

Asia Pacific

 

 

 

1,345

1,410

 

 

Other

 

 

 

529

715

 

 

Worldwide

 

 

 

6,434

6,821

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

 

 

 

2,457

2,666

 

 

Heating oils, kerosene, diesel

 

 

 

2,188

2,089

 

 

Aviation fuels

 

 

 

526

612

 

 

Heavy fuels

 

 

 

593

687

 

 

Specialty products

 

 

 

670

767

 

 

Worldwide

 

 

 

6,434

6,821

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

 

 

 

2,043

2,555

 

 

Non-U.S.

 

 

 

3,484

4,023

 

 

Worldwide

 

 

 

5,527

6,578

 

 

 

 

 

 

 

 

 



-10-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2009

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Worldwide

 

 

 

5,774

5,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

 

 

 

42

53

 

 

Non-U.S.

 

 

 

307

283

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

1

2

 

 

Worldwide

 

 

 

350

338

 

 

 

 

 

 

 

 

 



-11-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share1,2

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

2006

 

 

 

 

 

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

 

 

 

 

 

 

 

 

2007

 

 

 

 

 

First Quarter

9,280

 

1.63

 

 

Second Quarter

10,260

 

1.83

 

 

Third Quarter

9,410

 

1.71

 

 

Fourth Quarter

11,660

 

2.14

 

 

Year

40,610

 

7.31

 

 

 

 

 

 

 

 

2008

 

 

 

 

 

First Quarter

10,890

 

2.03

 

 

Second Quarter

11,680

 

2.24

 

 

Third Quarter

14,830

 

2.86

 

 

Fourth Quarter

7,820

 

1.55

 

 

Year

45,220

 

8.70

 

 

 

 

 

 

 

 

2009

 

 

 

 

 

First Quarter

4,550

 

0.92

 

 

 

 

 

 

 

 

1 Computed using the average number of shares outstanding during each period.

 

 

  The sum of the four quarters may not add to the full year.

 

 

2 See page 6 for a discussion of accounting standards adopted effective January 1, 2009.

 

 

 

 

 

 

 




-12-


Exxon Mobil Corporation 99.2


EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

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 

 

 

 

 

 

 

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 

 

 

 

 

 

 

Special Items $M

Upstream

  United States

  Non-U.S.

1,620 

  Total

1,620 

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

  Total

 

 

 

 

 

 

Corporate and financing

(170)

(290)

Corporate total

1,450 

(290)

 

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

 

 

 

 

 

  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 

 

 

 

 

 

 

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

 

 

 

 

 

 

1 Prior quarter numbers have been adjusted to be on a consistent basis with 2009 reporting.

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 7)

 

Supplemental Information (continued)

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,174 

4,113 

3,593 

3,806 

4,173 

 

 

 

 

 

 

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 

 

 

 

 

 

 

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 

 

 

 

 

 

 

  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 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 7)

 

Supplemental Information (continued)

 

 

 

 

 

 

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

 

 

 

 

 

 

  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

 

 

 

 

 

 

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

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

44.40

54.91

114.78

121.38

96.90

 

 

 

 

 

 

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 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 5,774 

 6,829 

 6,853 

 6,970 

 5,491 

 

 

 

 

 

 

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

                                                                       - Non-U.S.

Total Exploration Expense Charged to Income

350 

376 

404 

339 

338 

 

 

 

 

 

 

Effective Income Tax Rate, % 1

45%

44%

44%

49%

48%

 

 

 

 

 

 

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 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

25.0 

31.4 

36.7 

39.0 

40.9 

  Includes restricted cash

 

 

 

 

 

 

Total Debt ($G)

9.2 

9.4 

10.3 

9.6 

10.0 

 

 

 

 

 

 

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 

 

 

 

 

 

 

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.

 

 

 

 

 

 

1 Prior quarter numbers have been adjusted to be on a consistent basis with 2009 reporting.

 

 

 

 

 




 

EXXON MOBIL CORPORATION


1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 7)

 

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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 7)

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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 7)

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1Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 7 of 7)

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