Exxon Mobil Corporation 8-K





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K



CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934




Date of Report (Date of earliest event reported): July 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 July 30, 2009, announcing second quarter 2009 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 2Q09 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.












































-2-










SIGNATURE





Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




EXXON MOBIL CORPORATION



Date:  July 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 July 30, 2009, announcing second quarter 2009 results.


99.2

2Q09 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k Press Release

EXHIBIT 99.1


News Release

[r8k2q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, JULY 30, 2009

 

 

 


EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

SECOND QUARTER 2009 RESULTS



 

 

 

 

 

 

 

 

Second Quarter

 

First Half

 

 

2009

2008

%

2009

2008

%

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

4,090

11,970

-66

8,640

22,860

-62

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution 1

0.84

2.27

-63

1.76

4.29

-59

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

(140)

(290)

 

(140)

(290)

 

 

 

 

 

 

 

 

Earnings 1

 

 

 

 

 

 

   $ Millions

3,950

11,680

-66

8,500

22,570

-62

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution 1

0.81

2.22

-64

1.73

4.24

-59

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

6,562

6,970

-6

12,336

12,461

-1

 

 

 

 

 

 

 

1 See page 9 for a discussion of accounting standards adopted effective January 1, 2009.



EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


"Global economic conditions continue to impact the energy industry both in the volatility of commodity prices and reduced demand for products.  In spite of these challenges, ExxonMobil achieved solid results.  We continued our capital investment program at near record levels while returning over $16 billion to our shareholders during the first half of the year.



ExxonMobil’s second quarter 2009 earnings excluding special items were $4.1 billion, down 66% from the second quarter of 2008.  Earnings per share excluding special items were down 63% reflecting lower earnings and the benefit of the share purchase program.  Earnings for the second quarter of 2009 were $4.0 billion, down 66% from last year, and included a special charge of $140 million for interest related to the Valdez punitive damages award.  Second quarter 2008 earnings included a charge of $290 million related to the Valdez punitive damages award.


First half earnings excluding special items decreased 62% compared to the first half of 2008 reflecting lower crude oil and natural gas realizations.  Earnings for the first half of 2009 were also down 62% versus 2008.


ExxonMobil continued its robust capital investment program.  For the first half of 2009, spending on capital and exploration projects was $12.3 billion, in line with our longer term plan.


The Corporation distributed a total of $7.0 billion to shareholders in the second quarter, through dividends and share purchases to reduce shares outstanding.”



SECOND QUARTER HIGHLIGHTS


·

Earnings excluding special items were $4,090 million, a decrease of 66% or $7,880 million from the second quarter of 2008.



·

Earnings per share excluding special items were $0.84, a decrease of 63%.



·

Earnings were down 66% from the second quarter of 2008.  Earnings for the second quarter of 2009 included a special charge of $140 million for interest related to the Valdez punitive damages award.  Earnings for the second quarter of 2008 included a charge of $290 million related to the Valdez punitive damages award.



·

Capital and exploration expenditures were $6.6 billion, down 6% from the second quarter of 2008, mainly due to the strengthening of the U.S. dollar.



·

The effective income tax rate increased to 50% from 49%.



·

Oil-equivalent production decreased about 3% from the second quarter of 2008.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down about 2.5%.



·

Cash flow from operations and asset sales was approximately $3.0 billion, including asset sales of $0.8 billion.



·

Share purchases of $5.0 billion reduced shares outstanding by 1.5%.





-2-




SECOND QUARTER HIGHLIGHTS (CONTINUED)


·

Qatargas 2 Train 4, the first of two LNG trains associated with this project, commenced full scale production.  With an annual output of 7.8 million tons per year, it is the largest LNG production train in service in the world.


·

Start up of the Piceance Phase 1 project in western Colorado was achieved.  The new facilities have the capacity to process up to 200 million cubic feet of natural gas per day.  Production has ramped up to over 80 million cubic feet per day and is expected to continue to increase in the second half of the year.


·

ExxonMobil’s joint venture in Fujian Province, China, announced the start up of the 160-thousand-barrel-per-day crude and vacuum distillation units in the new integrated refining and petrochemical complex.





-3-


Second Quarter 2009 vs. Second Quarter 2008


Upstream earnings were $3,812 million, down $6,200 million from the second quarter of 2008.  Lower crude oil and natural gas realizations accounted for the decline, reducing earnings approximately $6.1 billion.  


On an oil-equivalent basis, production decreased about 3% from the second quarter of 2008.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down about 2.5%.


Liquids production totaled 2,347 kbd (thousands of barrels per day), down 44 kbd from the second quarter of 2008.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was flat, as field decline was offset by increased production from projects in the United States and west Africa, and lower maintenance activity.


Second quarter natural gas production was 8,013 mcfd (millions of cubic feet per day), down 476 mcfd from 2008.   New production volumes from project additions in Qatar, the United States and the North Sea were more than offset by field decline and lower European demand.


Earnings from U.S. Upstream operations were $813 million, $1,221 million lower than the second quarter of 2008.  Non-U.S. Upstream earnings were $2,999 million, down $4,979 million from last year.


Downstream earnings of $512 million were down $1,046 million from the second quarter of 2008.  Lower margins drove the decline, reducing earnings approximately $1.0 billion, as weaker refining margins more than offset stronger marketing margins.  Petroleum product sales of 6,487 kbd were 288 kbd lower than last year's second quarter, mainly reflecting asset sales and lower demand.


The U.S. Downstream recorded a loss of $15 million, down $308 million from the second quarter of 2008.  Non-U.S. Downstream earnings of $527 million were $738 million lower than last year.



-4-


Chemical earnings of $367 million were $320 million lower than the second quarter of 2008.  Lower volumes reduced earnings approximately $150 million, while weaker margins decreased earnings by about $100 million.  Hurricane repair costs and unfavorable foreign exchange effects also reduced earnings.  Second quarter prime product sales of 6,267 kt (thousands of metric tons) were 451 kt lower than the prior year primarily due to weaker demand.


Corporate and financing expenses excluding special items were $601 million, up $314 million due mainly to lower interest income.


During the second quarter of 2009, Exxon Mobil Corporation purchased 75 million shares of its common stock for the treasury at a gross cost of $5.2 billion.  These purchases included $5.0 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 4,880 million at the end of the first quarter to 4,806 million at the end of the second quarter.  Share purchases to reduce shares outstanding are currently anticipated to equal $4.0 billion in the third 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.



-5-


First Half 2009 vs. First Half 2008


Earnings of $8,500 million ($1.73 per share) decreased $14,070 million from 2008.  Earnings for 2009 included a special charge of $140 million for interest related to the Valdez punitive damages award.  Earnings for 2008 included a charge of $290 million related to the Valdez punitive damages award.  Excluding these impacts, 2009 earnings decreased by $14,220 million.



FIRST HALF HIGHLIGHTS


·

Earnings excluding special items were $8,640 million, down 62%.


·

Earnings per share excluding special items decreased 59% to $1.76, reflecting lower earnings and the continued reduction in the number of shares outstanding.


·

Earnings were down 62% from 2008.  Earnings for 2009 included a special charge of $140 million for interest related to the Valdez punitive damages award.  Earnings for 2008 included a charge of $290 million related to the Valdez punitive damages award.


·

Oil equivalent production decreased less than 2% from 2008.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was flat.


·

Cash flow from operations and asset sales was approximately $12.0 billion, including $0.9 billion from asset sales.


·

The Corporation distributed a total of $16.0 billion to shareholders in the first half of 2009 through dividends and share purchases to reduce shares outstanding.


·

Dividends per share of $0.82 increased 9%.


·

Capital and exploration expenditures were $12.3 billion, down 1% versus 2008 due to the stronger U.S. dollar.



Upstream earnings were $7,315 million, down $11,482 million from 2008.  Lower crude oil and natural gas realizations decreased earnings approximately $11.0 billion while higher operating costs reduced earnings about $600 million.


On an oil-equivalent basis, production decreased less than 2% from last year.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was flat.


Liquids production of 2,411 kbd decreased 19 kbd from 2008.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up over 1%,



-6-


as new volumes from project additions in west Africa and the United States, and lower maintenance activity, were partly offset by field decline.


Natural gas production of 9,094 mcfd decreased 265 mcfd from 2008.  Higher volumes from Qatar and North Sea projects were more than offset by field decline and lower European demand.


Earnings from U.S. Upstream operations for 2009 were $1,173 million, a decrease of $2,492 million.  Earnings outside the U.S. were $6,142 million, $8,990 million lower than last year.


Downstream earnings of $1,645 million were $1,079 million lower than 2008.  Weaker margins reduced earnings approximately $300 million.  Lower volumes and refinery optimization associated with weaker demand reduced earnings about $500 million.  Higher operating costs mainly associated with planned work activity also reduced earnings.  Petroleum product sales of 6,461 kbd decreased from 6,798 kbd in 2008, mainly reflecting asset sales and lower demand.


U.S. Downstream earnings were $337 million, down $354 million.  Non-U.S. Downstream earnings were $1,308 million, $725 million lower than last year.


Chemical earnings of $717 million decreased $998 million from 2008.  Lower volumes reduced earnings by approximately $450 million while lower margins reduced earnings about $350 million.  Unfavorable foreign exchange effects and hurricane costs also decreased earnings.  Prime product sales of 11,794 kt were down 1,502 kt from 2008.


Corporate and financing expenses excluding special items were $1,037 million, up $661 million mainly due to lower interest income.


Gross share purchases through the first half of 2009 were $13.1 billion, reducing shares outstanding by 3.4%.


Estimates of key financial and operating data follow.  



-7-


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on July 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 and exploration expenditures; and share purchase levels, could differ materially due to factors including: changes in long-term oil or gas prices or other market or economic 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.  Refer ences to quantities of oil expected 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.




-8-



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 were 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.




-9-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2009

 

 

(millions of dollars, unless noted)

 

 

 

Second Quarter

 

First Half

 

 

 

2009

2008

 

2009

2008

 

 

Earnings / Earnings Per Share 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

74,457

138,072

 

138,485

254,926

 

 

Total costs and other deductions

66,940

115,641

 

123,118

212,021

 

 

Income before income taxes

7,517

22,431

 

15,367

42,905

 

 

Income taxes

3,571

10,526

 

6,719

19,828

 

 

Net income including noncontrolling interests

3,946

11,905

 

8,648

23,077

 

 

Net income attributable to noncontrolling interests

(4)

225

 

148

507

 

 

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

3,950

11,680

 

8,500

22,570

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

0.82

2.24

 

1.74

4.27

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

0.81

2.22

 

1.73

4.24

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

2,039

2,098

 

4,020

3,977

 

 

Per common share (dollars)

0.42

0.40

 

0.82

0.75

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At June 30

 

 

 

4,806

5,194

 

 

Average - assuming dilution 1

4,871

5,281

 

4,916

5,329

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at June 30

 

 

 

106,592

124,826

 

 

ExxonMobil share of capital employed at June 30

 

 

 

119,645

136,749

 

 

 

 

 

 

 

 

 

 

Income taxes

3,571

10,526

 

6,719

19,828

 

 

Sales-based taxes

6,216

9,538

 

12,122

17,970

 

 

All other taxes

9,124

12,297

 

17,713

23,904

 

 

Total taxes

18,911

32,361

 

36,554

61,702

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

413

888

 

1,101

1,893

 

 

 

 

 

 

 

 

 

 

1 See page 9 for a discussion of accounting standards adopted effective January 1, 2009.

 

 

 

 

 

 

 

 

 


 



-10-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2009

 

 

(millions of dollars)

 

 

 

Second Quarter

 

First Half

 

 

 

2009

2008

 

2009

2008

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

813

2,034

 

1,173

3,665

 

 

Non-U.S.

2,999

7,978

 

6,142

15,132

 

 

Downstream

 

 

 

 

 

 

 

United States

(15)

293

 

337

691

 

 

Non-U.S.

527

1,265

 

1,308

2,033

 

 

Chemical

 

 

 

 

 

 

 

United States

79

102

 

162

386

 

 

Non-U.S.

288

585

 

555

1,329

 

 

Corporate and financing

(741)

(577)

 

(1,177)

(666)

 

 

Net income attributable to ExxonMobil

3,950

11,680

 

8,500

22,570

 

 

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

(140)

(290)

 

(140)

(290)

 

 

Corporate total

(140)

(290)

 

(140)

(290)

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

813

2,034

 

1,173

3,665

 

 

Non-U.S.

2,999

7,978

 

6,142

15,132

 

 

Downstream

 

 

 

 

 

 

 

United States

(15)

293

 

337

691

 

 

Non-U.S.

527

1,265

 

1,308

2,033

 

 

Chemical

 

 

 

 

 

 

 

United States

79

102

 

162

386

 

 

Non-U.S.

288

585

 

555

1,329

 

 

Corporate and financing

(601)

(287)

 

(1,037)

(376)

 

 

Corporate total

4,090

11,970

 

8,640

22,860

 

 

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

 

 

 

 

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

2.2

13.4

 

11.1

34.8

 

 

Sales of subsidiaries, investments and property, plant and equipment

0.8

1.2

 

0.9

1.6

 

 

Cash flow from operations and asset sales

3.0

14.6

 

12.0

36.4

 




-11-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2009

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

First Half

 

 

 

2009

2008

 

2009

2008

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

382

366

 

389

376

 

 

Canada/South America

241

281

 

274

289

 

 

Europe

383

439

 

397

448

 

 

Africa

702

637

 

709

636

 

 

Asia Pacific/Middle East

462

509

 

464

504

 

 

Russia/Caspian

177

159

 

178

177

 

 

Worldwide

2,347

2,391

 

2,411

2,430

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

1,243

1,317

 

1,243

1,302

 

 

Canada/South America

649

651

 

643

658

 

 

Europe

2,865

3,255

 

3,907

4,191

 

 

Africa

23

30

 

24

32

 

 

Asia Pacific/Middle East

3,107

3,129

 

3,137

3,061

 

 

Russia/Caspian

126

107

 

140

115

 

 

Worldwide

8,013

8,489

 

9,094

9,359

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

3,682

3,806

 

3,927

3,990

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 




-12-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2009

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

First Half

 

 

 

2009

2008

 

2009

2008

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,765

1,811

 

1,785

1,785

 

 

Canada

365

451

 

412

438

 

 

Europe

1,560

1,590

 

1,539

1,581

 

 

Asia Pacific

1,306

1,312

 

1,306

1,381

 

 

Other

294

308

 

293

314

 

 

Worldwide

5,290

5,472

 

5,335

5,499

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

2,538

2,584

 

2,557

2,566

 

 

Canada

403

425

 

410

433

 

 

Europe

1,671

1,719

 

1,619

1,713

 

 

Asia Pacific

1,346

1,321

 

1,345

1,366

 

 

Other

529

726

 

530

720

 

 

Worldwide

6,487

6,775

 

6,461

6,798

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,617

2,636

 

2,537

2,651

 

 

Heating oils, kerosene, diesel

1,991

2,067

 

2,089

2,078

 

 

Aviation fuels

544

623

 

535

618

 

 

Heavy fuels

567

630

 

581

658

 

 

Specialty products

768

819

 

719

793

 

 

Worldwide

6,487

6,775

 

6,461

6,798

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,519

2,702

 

4,562

5,257

 

 

Non-U.S.

3,748

4,016

 

7,232

8,039

 

 

Worldwide

6,267

6,718

 

11,794

13,296

 

 

 

 

 

 

 

 

 




-13-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2009

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

First Half

 

 

 

2009

2008

 

2009

2008

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

941

743

 

1,744

1,334

 

 

Non-U.S.

3,964

4,514

 

7,527

8,018

 

 

Total

4,905

5,257

 

9,271

9,352

 

 

Downstream

 

 

 

 

 

 

 

United States

407

426

 

760

777

 

 

Non-U.S.

410

478

 

703

954

 

 

Total

817

904

 

1,463

1,731

 

 

Chemical

 

 

 

 

 

 

 

United States

94

123

 

171

222

 

 

Non-U.S.

736

674

 

1,417

1,141

 

 

Total

830

797

 

1,588

1,363

 

 

 

 

 

 

 

 

 

 

Other

10

12

 

14

15

 

 

 

 

 

 

 

 

 

 

Worldwide

6,562

6,970

 

12,336

12,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

53

46

 

95

99

 

 

Non-U.S.

437

288

 

744

571

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

1

5

 

2

7

 

 

Worldwide

491

339

 

841

677

 

 

 

 

 

 

 

 

 




-14-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share 1,2

 

 

 

 

 

 

 

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

 

 

Second Quarter

3,950

 

0.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 9 for a discussion of accounting standards adopted effective January 1, 2009.

 

 

 

 

 

 

 




-15-


Exxon Mobil Corporation 99.2



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

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

 

Earnings, $M

2Q09

1Q09

4Q08

3Q08

2Q08

Upstream

  United States

813 

360 

699 

1,879 

2,034 

  Non-U.S.

2,999 

3,143 

4,935 

9,092 

7,978 

  Total

3,812 

3,503 

5,634 

10,971 

10,012 

Downstream

  United States

(15)

352 

(20)

978 

293 

  Non-U.S.

527 

781 

2,434 

2,035 

1,265 

  Total

512 

1,133 

2,414 

3,013 

1,558 

Chemical

  United States

79 

83 

81 

257 

102 

  Non-U.S.

288 

267 

74 

830 

585 

  Total

367 

350 

155 

1,087 

687 

 

 

 

 

 

 

Corporate and financing

(741)

(436)

(383)

(241)

(577)

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

3,950 

4,550 

7,820 

14,830 

11,680 

Earnings per common share (U.S. GAAP) 1

0.82 

0.92 

1.55 

2.86 

2.24 

Earnings per common share

 - assuming dilution (U.S. GAAP) 1

0.81 

0.92 

1.54 

2.85 

2.22 

 

 

 

 

 

 

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

(140)

(170)

(290)

Corporate total

(140)

1,450 

(290)

 

Earnings Excluding Special Items $M

Upstream

  United States

813 

360 

699 

1,879 

2,034 

  Non-U.S.

2,999 

3,143 

4,935 

7,472 

7,978 

  Total

3,812 

3,503 

5,634 

9,351 

10,012 

Downstream

 

 

 

 

 

  United States

(15)

352 

(20)

978 

293 

  Non-U.S.

527 

781 

2,434 

2,035 

1,265 

  Total

512 

1,133 

2,414 

3,013 

1,558 

Chemical

  United States

79 

83 

81 

257 

102 

  Non-U.S.

288 

267 

74 

830 

585 

  Total

367 

350 

155 

1,087 

687 

 

 

 

 

 

 

Corporate and financing

(601)

(436)

(383)

(71)

(287)

Corporate total

4,090 

4,550 

7,820 

13,380 

11,970 

EPS excluding Special Items - assuming dilution 1

0.84

0.92

1.54

2.58

2.27

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

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

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

2Q09

1Q09

4Q08

3Q08

2Q08

natural gas liquids, kbd

  United States

382 

397 

376 

340 

366 

  Canada/South America

241 

308 

303 

283 

281 

  Europe

383 

411 

421 

397 

439 

  Africa

702 

715 

697 

639 

637 

  Asia Pacific/Middle East

462 

466 

508 

510 

509 

  Russia/Caspian

177 

179 

167 

121 

159 

Total liquids production

2,347 

2,476 

2,472 

2,290 

2,391 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

1,243 

1,243 

1,216 

1,163 

1,317 

  Canada/South America

649 

635 

616 

634 

651 

  Europe

2,865 

4,961 

4,652 

2,768 

3,255 

  Africa

23 

25 

31 

33 

30 

  Asia Pacific/Middle East

3,107 

3,168 

3,196 

3,135 

3,129 

  Russia/Caspian

126 

155 

138 

87 

107 

Total natural gas production available for sale

8,013 

10,187 

9,849 

7,820 

8,489 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

3,682 

4,174 

4,113 

3,593 

3,806 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,765 

1,805 

1,647 

1,592 

1,811 

  Canada

365 

460 

441 

468 

451 

  Europe

1,560 

1,518 

1,593 

1,647 

1,590 

  Asia Pacific

1,306 

1,306 

1,320 

1,328 

1,312 

  Other Non-U.S.

294 

292 

312 

319 

308 

Total refinery throughput

5,290 

5,381 

5,313 

5,354 

5,472 

 

 

 

 

 

 

Petroleum product sales, kbd

  United States

2,538 

2,577 

2,593 

2,437 

2,584 

  Canada

403 

416 

456 

452 

425 

  Europe

1,671 

1,567 

1,687 

1,736 

1,719 

  Asia Pacific

1,346 

1,345 

1,369 

1,338 

1,321 

  Other Non-U.S.

529 

529 

656 

725 

726 

Total petroleum product sales

6,487 

6,434 

6,761 

6,688 

6,775 

 

 

 

 

 

 

  Gasolines, naphthas

2,617 

2,457 

2,691 

2,622 

2,636 

  Heating oils, kerosene, diesel

1,991 

2,188 

2,164 

2,063 

2,067 

  Aviation fuels

544 

526 

551 

640 

623 

  Heavy fuels

567 

593 

632 

602 

630 

  Specialty products

768 

670 

723 

761 

819 

Total petroleum product sales

6,487 

6,434 

6,761 

6,688 

6,775 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,519 

 2,043 

 2,021 

 2,248 

 2,702 

  Non-U.S.

3,748 

3,484 

3,605 

3,812 

4,016 

Total chemical prime product sales

 6,267 

 5,527 

 5,626 

 6,060 

 6,718 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

2Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 7)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

2Q09

1Q09

4Q08

3Q08

2Q08

United States

  ExxonMobil

    Crude ($/b)

54.28

36.41

48.33

104.89

119.32

    Natural Gas ($/kcf)

3.14

4.61

5.57

9.23

10.16

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

59.54

42.97

58.49

117.83

123.98

    ANS-WC ($/b)

58.92

45.28

56.06

116.90

123.79

   Henry Hub ($/mbtu)

3.51

4.91

6.95

10.25

10.94

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

57.09

41.90

51.45

112.61

119.20

    Natural Gas ($/kcf)

5.36

8.29

9.90

10.17

9.90

    European NG ($/kcf)

6.77

9.87

11.68

12.14

11.61

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

58.79

44.40

54.91

114.78

121.38

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 941 

 803 

 1,000 

 1,000 

 743 

  Non-U.S.

3,964 

3,563 

4,105 

4,277 

4,514 

  Total

 4,905 

 4,366 

 5,105 

 5,277 

 5,257 

Downstream

  United States

 407 

 353 

 438 

 421 

 426 

  Non-U.S.

410 

293 

516 

423 

478 

  Total

 817 

 646 

 954 

 844 

 904 

Chemical

  United States

 94 

 77 

 96 

 123 

 123 

  Non-U.S.

736 

681 

639 

598 

674 

  Total

 830 

 758 

 735 

 721 

 797 

Other

 10 

 4 

 35 

 11 

 12 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 6,562 

 5,774 

 6,829 

 6,853 

 6,970 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

53 

42 

45 

45 

46 

                      - Non-U.S.

437 

307 

328 

353 

288 

  Non-consolidated - ExxonMobil share - United States

                                                         - Non-U.S.

Total Exploration Expense Charged to Income

491 

350 

376 

404 

339 

 

 

 

 

 

 

Effective Income Tax Rate, % 1

50%

45%

44%

44%

49%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 4,806 

 4,880 

 4,976 

 5,087 

 5,194 

  Average - assuming dilution 1

 4,871 

 4,959 

 5,062 

 5,178 

 5,281 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

15.6 

25.0 

31.4 

36.7 

39.0 

  Includes restricted cash

 

 

 

 

 

 

Total Debt ($G)

9.3 

9.2 

9.4 

10.3 

9.6 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 2.2 

 8.9 

 10.5 

 14.4 

 13.4 

  Sales of subsidiaries, investments and PP&E

0.8 

0.1 

1.8 

2.6 

1.2 

  Cash flows from operations and asset sales

 3.0 

 9.0 

 12.3 

 17.0 

 14.6 

 

 

 

 

 

 

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

second 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


2Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 7)

 

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EXXON MOBIL CORPORATION


2Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 7)

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EXXON MOBIL CORPORATION


2Q09 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 7)

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EXXON MOBIL CORPORATION


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

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