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): October 28, 2010


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 October 28, 2010, announcing third quarter 2010 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 3Q10 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:  October 28, 2010

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 October 28, 2010, announcing third quarter 2010 results.


99.2

3Q10 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k 99.1 Press Release

   EXHIBIT 99.1

 

News Release

[f8k3q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, October 28, 2010

 

 

 


EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

THIRD QUARTER 2010 RESULTS



 

 

 

 

 

 

< /TD>

 

 

Third Quarter

 

Nine Months

 

 

2010

2009

%

2010

2009

%

Earnings Excluding Special Items 1

 

 

 

 

 

 

   $ Millions

7,350

4,730

55

21,210

13,370

59

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.44

0.98

47

4.37

2.74

59

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

0

0

 

0

(140)

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

   $ Millions

7,350

4,730

55

21,210

13,230

60

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.44

0.98

47

4.37

2.71

61

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

8,769

6,493

35

22,165

18,829

18

 

 

 

 

 

 

 

1 See page 8 for a reference to earnings


EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:

“Despite continuing economic uncertainty, we had strong quarterly results and continued to advance our robust investment opportunities.  Third quarter earnings were $7.4 billion, up 55% from third quarter of last year due to higher crude oil and natural gas realizations, improved refining margins, and solid chemical results.  Earnings for the first nine months of 2010, excluding special items, were $21.2 billion, up 59% over the first nine months of 2009.  


Oil-equivalent production was over 20% higher than the third quarter of 2009, driven by our world-class assets in Qatar and our recent unconventional gas acquisition.


Capital and exploration spending for the first nine months of 2010 was $22.2 billion, up 18% from the first nine months of last year.



The Corporation returned over $5 billion to shareholders in the third quarter through dividends and share purchases to reduce shares outstanding.”



THIRD QUARTER HIGHLIGHTS


Earnings were $7,350 million, an increase of 55% or $2,620 million from the third quarter of 2009.



Earnings per share were $1.44, an increase of 47%.



Capital and exploration expenditures were $8.8 billion, up 35% from the third quarter of 2009.



Oil-equivalent production increased over 20% from the third quarter of 2009.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 20%.



Cash flow from operations and asset sales was $13.9 billion, including asset sales of $0.8 billion.



Share purchases to reduce shares outstanding were $3 billion.



Dividends per share of $0.44 increased by 5% compared to the third quarter of 2009.



During the third quarter, production began from the Odoptu field, the latest development phase of the Sakhalin-1 project in Russia.



ExxonMobil announced the commissioning of new units to produce ultra low sulfur diesel at its Baytown, Texas and Baton Rouge, Louisiana refineries.  This will enable ExxonMobil to increase the supply of ultra low sulfur diesel by over 3 million gallons a day.   




-2-



Third Quarter 2010 vs. Third Quarter 2009


Upstream earnings were $5,467 million, up $1,455 million from the third quarter of 2009.  Higher crude oil and natural gas realizations increased earnings by $1 billion, while higher liquids and gas volumes improved earnings by $270 million.  


On an oil-equivalent basis, production increased over 20% from the third quarter of 2009. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 20%.


Liquids production totaled 2,421 kbd (thousands of barrels per day), up 86 kbd or nearly 4% from the third quarter of 2009.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was up 3%, as increased production from projects in Qatar and the addition of XTO volumes more than offset net field decline.


Third quarter natural gas production was 12,192 mcfd (millions of cubic feet per day), up 4,037 mcfd from 2009, driven by additional U.S. unconventional gas volumes and project ramp-ups in Qatar.


Earnings from U.S. Upstream operations were $999 million, $290 million higher than the third quarter of 2009. Non-U.S. Upstream earnings were $4,468 million, up $1,165 million from last year.


Downstream earnings of $1,160 million were up $835 million from the third quarter of 2009.  Higher industry refining margins, partly offset by lower marketing margins increased earnings by $300 million.  Volume and product mix effects increased earnings by $150 million while other factors, mainly asset sales and favorable foreign exchange impacts, increased earnings by $390 million. Petroleum product sales of 6,574 kbd were 273 kbd higher than last year's third quarter, mainly reflecting higher demand.


Earnings from the U.S. Downstream were $164 million, up $367 million from the third quarter of 2009. Non-U.S. Downstream earnings of $996 million were $468 million higher than last year.




-3-



Chemical earnings of $1,229 million were $353 million higher than the third quarter of 2009.  Improved margins increased earnings by $370 million. Third quarter prime product sales of 6,558 kt (thousands of metric tons) were 202 kt higher than the prior year primarily due to improved global demand and start-up of the Fujian facility in China.


Corporate and financing expenses were $506 million, up $23 million from the third quarter of 2009.


During the third quarter of 2010, Exxon Mobil Corporation purchased 54 million shares of its common stock for the treasury at a gross cost of $3.3 billion. These purchases included $3 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. Share purchases to reduce shares outstanding are currently anticipated to equal $5 billion in the fourth quarter of 2010.  Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time without prior notice.




-4-


First Nine Months 2010 vs. First Nine Months 2009


Earnings of $21,210 million ($4.37 per share) increased $7,980 million from 2009.  Excluding special items, earnings for the first nine months of 2010 increased $7,840 million from 2009.



FIRST NINE MONTHS HIGHLIGHTS


Earnings excluding special items were $21,210 million, up 59%.



Earnings per share excluding special items increased 59% to $4.37.



Earnings were up 60% from 2009. Earnings for 2009 included a special charge of $140 million for interest related to the Valdez punitive damages award.  Earnings for the first nine months of 2010 did not include any special items.



Oil equivalent production was up 11% from 2009. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 12%.



Cash flow from operations and asset sales was $37 billion, including $1.6 billion from asset sales.



The Corporation distributed over $12 billion to shareholders in the first nine months of 2010 through dividends and share purchases to reduce shares outstanding.



Capital and exploration expenditures were $22.2 billion, up 18% versus 2009.


Upstream earnings were $16,617 million, up $5,290 million from 2009. Higher crude oil and natural gas realizations increased earnings approximately $5.1 billion.  The favorable impact of higher volumes of $590 million was partially offset by higher operating costs of $340 million.


On an oil-equivalent basis, production was up 11% compared to the first nine months of 2009. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up 12%.


Liquids production of 2,387 kbd increased 2 kbd compared with 2009.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production increased 1% compared with 2009, as new volumes from project ramp-ups in Qatar were offset by net field decline.



-5-



Natural gas production of 11,304 mcfd increased 2,518 mcfd from 2009, driven by higher volumes from Qatar projects and additional U.S. unconventional gas volumes.


Earnings from U.S. Upstream operations for 2010 were $2,955 million, an increase of $1,073 million from 2009.  Non-U.S. Upstream earnings were $13,662 million, up $4,217 million from 2009.


Downstream earnings of $2,417 million were $447 million higher than 2009.  Positive sales volume mix effects increased earnings by $430 million.  Negative foreign exchange impacts of $320 million were offset by favorable tax items.  Petroleum product sales of 6,359 kbd decreased 48 kbd.


U.S. Downstream earnings were $544 million, up $410 million from 2009. Non-U.S. Downstream earnings were $1,873 million, $37 million higher than last year.


Chemical earnings of $3,846 million increased $2,253 million from 2009. Improved margins increased earnings by approximately $1.7 billion while higher volumes increased earnings about $370 million. Prime product sales of 19,542 kt were up 1,392 kt from 2009.


Corporate and financing expenses excluding special items were $1,670 million, up $150 million from 2009 mainly due to a tax charge related to the U.S. health care legislation during the first quarter of 2010.


Gross share purchases through the first nine months of 2010 were $7.3 billion, reducing shares outstanding by 115 million shares.


Estimates of key financial and operating data follow.  



-6-


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on October 28, 2010.  Slides for the webcast will be posted on our website at approximately 9 a.m. Central time.  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; 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" in the “investors” section of our website and in Item 1A of ExxonMobil's 2009 Form 10-K. We assume no duty to update these statements as of any future date. References to quantities o f oil or natural gas may include amounts that we believe will ultimately be produced, but that are not yet classified as “proved reserves” under SEC definitions.


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.  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.




-7-



Reference to Earnings


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.





-8-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2010

 

 

(millions of dollars, unless noted)

 

 

 

Third Quarter

 

Nine Months

 

 

 

2010

2009

 

2010

2009

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

95,298

82,260

 

278,035

220,745

 

 

Total costs and other deductions

82,440

73,056

 

240,403

196,174

 

 

Income before income taxes

12,858

9,204

 

37,632

24,571

 

 

Income taxes

5,297

4,333

 

15,750

11,052

 

 

Net income including noncontrolling interests

7,561

4,871

 

21,882

13,519

 

 

Net income attributable to noncontrolling interests

211

141

 

672

289

 

 

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

7,350

4,730

 

21,210

13,230

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

1.44

0.98

 

4.38

2.72

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

1.44

0.98

 

4.37

2.71

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

2,234

2,011

 

6,286

6,031

 

 

Per common share (dollars)

0.44

0.42

 

1.30

1.24

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At September 30

 

 

 

5,043

4,747

 

 

Average - assuming dilution

5,089

4,803

 

4,851

4,878

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at September 30

 

 

 

145,031

107,265

 

 

ExxonMobil share of capital employed at September 30

 

 

167,040

120,351

 

 

 

 

 

 

 

 

 

 

Income taxes

5,297

4,333

 

15,750

11,052

 

 

Sales-based taxes

7,172

6,805

 

20,933

18,927

 

 

All other taxes

10,071

9,729

 

28,664

27,442

 

 

Total taxes

22,540

20,867

 

65,347

57,421

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

881

515

 

2,691

1,616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-9-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2010

 

 

(millions of dollars)

 

 

 

Third Quarter

 

Nine Months

 

 

 

2010

2009

 

2010

2009

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

999

709

 

2,955

1,882

 

 

Non-U.S.

4,468

3,303

 

13,662

9,445

 

 

Downstream

 

 

 

 

 

 

 

United States

164

(203)

 

544

134

 

 

Non-U.S.

996

528

 

1,873

1,836

 

 

Chemical

 

 

 

 

 

 

 

United States

676

315

 

1,900

477

 

 

Non-U.S.

553

561

 

1,946

1,116

 

 

Corporate and financing

(506)

(483)

 

(1,670)

(1,660)

 

 

Net income attributable to ExxonMobil

7,350

4,730

 

21,210

13,230

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Corporate and financing

0

0

 

0

(140)

 

 

Corporate total

0

0

 

0

(140)

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

999

709

 

2,955

1,882

 

 

Non-U.S.

4,468

3,303

 

13,662

9,445

 

 

Downstream

 

 

 

 

 

 

 

United States

164

(203)

 

544

134

 

 

Non-U.S.

996

528

 

1,873

1,836

 

 

Chemical

 

 

 

 

 

 

 

United States

676

315

 

1,900

477

 

 

Non-U.S.

553

561

 

1,946

1,116

 

 

Corporate and financing

(506)

(483)

 

(1,670)

(1,520)

 

 

Corporate total

7,350

4,730

 

21,210

13,370

 

 

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

 

 

 

 

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

13.1

8.8

 

35.4

19.9

 

 

Sales of subsidiaries, investments and property, plant and equipment

0.8

0.2

 

1.6

1.1

 

 

Cash flow from operations and asset sales

13.9

9.0

 

37.0

21.0

 




-10-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2010

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Nine Months

 

 

 

2010

2009

 

2010

2009

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

430

373

 

392

383

 

 

Canada/South America

253

267

 

261

272

 

 

Europe

294

350

 

335

381

 

 

Africa

631

666

 

632

694

 

 

Asia Pacific/Middle East

633

494

 

583

474

 

 

Russia/Caspian

180

185

 

184

181

 

 

Worldwide

2,421

2,335

 

2,387

2,385

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

3,726

1,292

 

2,167

1,268

 

 

Canada/South America

550

646

 

570

643

 

 

Europe

2,365

2,545

 

3,580

3,449

 

 

Africa

15

16

 

16

21

 

 

Asia Pacific/Middle East

5,371

3,510

 

4,790

3,263

 

 

Russia/Caspian

165

146

 

181

142

 

 

Worldwide

12,192

8,155

 

11,304

8,786

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

4,453

3,694

 

4,271

3,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 




-11-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2010

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Nine Months

 

 

 

2010

2009

 

2010

2009

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,752

1,751

 

1,760

1,773

 

 

Canada

453

417

 

437

414

 

 

Europe

1,550

1,542

 

1,550

1,540

 

 

Asia Pacific

1,304

1,349

 

1,230

1,321

 

 

Other

305

293

 

261

293

 

 

Worldwide

5,364

5,352

 

5,238

5,341

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

2,534

2,462

 

2,480

2,525

 

 

Canada

450

412

 

439

411

 

 

Europe

1,656

1,607

 

1,626

1,615

 

 

Asia Pacific

1,278

1,292

 

1,229

1,328

 

 

Other

656

528

 

585

528

 

 

Worldwide

6,574

6,301

 

6,359

6,407

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,680

2,593

 

2,594

2,556

 

 

Heating oils, kerosene, diesel

1,949

1,851

 

1,899

2,009

 

 

Aviation fuels

526

553

 

478

541

 

 

Heavy fuels

597

596

 

602

585

 

 

Specialty products

822

708

 

786

716

 

 

Worldwide

6,574

6,301

 

6,359

6,407

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,628

2,525

 

7,601

7,087

 

 

Non-U.S.

3,930

3,831

 

11,941

11,063

 

 

Worldwide

6,558

6,356

 

19,542

18,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-12-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2010

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Nine Months

 

 

 

2010

2009

 

2010

2009

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

2,352

858

 

3,896

2,602

 

 

Non-U.S.

5,280

4,049

 

14,624

11,576

 

 

Total

7,632

4,907

 

18,520

14,178

 

 

Downstream

 

 

 

 

 

 

 

United States

201

396

 

812

1,156

 

 

Non-U.S.

357

435

 

1,004

1,138

 

 

Total

558

831

 

1,816

2,294

 

 

Chemical

 

 

 

 

 

 

 

United States

62

66

 

196

237

 

 

Non-U.S.

463

681

 

1,501

2,098

 

 

Total

525

747

 

1,697

2,335

 

 

 

 

 

 

 

 

 

 

Other

54

8

 

132

22

 

 

 

 

 

 

 

 

 

 

Worldwide

8,769

6,493

 

22,165

18,829

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

62

60

 

162

155

 

 

Non-U.S.

437

434

 

1,428

1,178

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

1

0

 

3

0

 

 

Non-U.S.

1

7

 

12

9

 

 

Worldwide

501

501

 

1,605

1,342

 

 

 

 

 

 

 

 

 




-13-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share 1,2

 

 

 

 

 

 

 

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

 

 

Third Quarter

4,730

 

0.98

 

 

Fourth Quarter

6,050

 

1.27

 

 

Year

19,280

 

3.99

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

First Quarter

6,300

 

1.33

 

 

Second Quarter

7,560

 

1.61

 

 

Third Quarter

7,350

 

1.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 For periods prior to 2009, earnings per share (EPS) numbers have been adjusted retrospectively

 

 

  on a consistent basis with 2009 reporting when new authoritative guidance on EPS was adopted.

 




-14-


Exxon Mobil Corporation 8-k 99.2



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q10 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)

 

Earnings, $M

3Q10

2Q10

1Q10

4Q09

3Q09

Upstream

  United States

999 

865 

1,091 

1,011 

709 

  Non-U.S.

4,468 

4,471 

4,723 

4,769 

3,303 

  Total

5,467 

5,336 

5,814 

5,780 

4,012 

Downstream

  United States

164 

440 

(60)

(287)

(203)

  Non-U.S.

996 

780 

97 

98 

528 

  Total

1,160 

1,220 

37 

(189)

325 

Chemical

  United States

676 

685 

539 

292 

315 

  Non-U.S.

553 

683 

710 

424 

561 

  Total

1,229 

1,368 

1,249 

716 

876 

 

 

 

 

 

 

Corporate and financing

(506)

(364)

(800)

(257)

(483)

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

7,350 

7,560 

6,300 

6,050 

4,730 

Earnings per common share (U.S. GAAP)

1.44 

1.61 

1.33 

1.27 

0.98 

Earnings per common share

 - assuming dilution (U.S. GAAP)

1.44 

1.60 

1.33 

1.27 

0.98 

 

 

 

 

 

 

Special Items $M

Upstream

  United States

  Non-U.S.

  Total

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

  Total

 

 

 

 

 

 

Corporate and financing

Corporate total

 

Earnings Excluding Special Items $M

Upstream

  United States

999 

865 

1,091 

1,011 

709 

  Non-U.S.

4,468 

4,471 

4,723 

4,769 

3,303 

  Total

5,467 

5,336 

5,814 

5,780 

4,012 

Downstream

 

 

 

 

 

  United States

164 

440 

(60)

(287)

(203)

  Non-U.S.

996 

780 

97 

98 

528 

  Total

1,160 

1,220 

37 

(189)

325 

Chemical

  United States

676 

685 

539 

292 

315 

  Non-U.S.

553 

683 

710 

424 

561 

  Total

1,229 

1,368 

1,249 

716 

876 

 

 

 

 

 

 

Corporate and financing

(506)

(364)

(800)

(257)

(483)

Corporate total

7,350 

7,560 

6,300 

6,050 

4,730 

EPS excluding Special Items - assuming dilution

1.44

1.60

1.33

1.27

0.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q10 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

3Q10

2Q10

1Q10

4Q09

3Q09

natural gas liquids, kbd

  United States

430 

357 

389 

385 

373 

  Canada/South America

253 

267 

261 

255 

267 

  Europe

294 

348 

365 

372 

350 

  Africa

631 

599 

666 

657 

666 

  Asia Pacific/Middle East

633 

573 

542 

537 

494 

  Russia/Caspian

180 

181 

191 

187 

185 

Total liquids production

2,421 

2,325 

2,414 

2,393 

2,335 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

3,726 

1,412 

1,335 

1,298 

1,292 

  Canada/South America

550 

594 

568 

641 

646 

  Europe

2,365 

3,268 

5,138 

4,401 

2,545 

  Africa

15 

20 

13 

14 

16 

  Asia Pacific/Middle East

5,371 

4,552 

4,437 

4,180 

3,510 

  Russia/Caspian

165 

179 

198 

183 

146 

Total natural gas production available for sale

12,192 

10,025 

11,689 

10,717 

8,155 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,453 

3,996 

4,362 

4,179 

3,694 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,752 

1,807 

1,720 

1,748 

1,751 

  Canada

453 

418 

439 

412 

417 

  Europe

1,550 

1,570 

1,530 

1,571 

1,542 

  Asia Pacific

1,304 

1,143 

1,242 

1,348 

1,349 

  Other Non-U.S.

305 

254 

225 

300 

293 

Total refinery throughput

5,364 

5,192 

5,156 

5,379 

5,352 

 

 

 

 

 

 

Petroleum product sales, kbd

  United States

2,534 

2,521 

2,383 

2,516 

2,462 

  Canada

450 

435 

431 

421 

412 

  Europe

1,656 

1,612 

1,609 

1,652 

1,607 

  Asia Pacific

1,278 

1,183 

1,226 

1,335 

1,292 

  Other Non-U.S.

656 

553 

546 

565 

528 

Total petroleum product sales

6,574 

6,304 

6,195 

6,489 

6,301 

 

 

 

 

 

 

  Gasolines, naphthas

2,680 

2,565 

2,535 

2,621 

2,593 

  Heating oils, kerosene, diesel

1,949 

1,887 

1,860 

2,027 

1,851 

  Aviation fuels

526 

455 

451 

520 

553 

  Heavy fuels

597 

581 

629 

636 

596 

  Specialty products

822 

816 

720 

685 

708 

Total petroleum product sales

6,574 

6,304 

6,195 

6,489 

6,301 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,628 

 2,449 

 2,524 

 2,562 

 2,525 

  Non-U.S.

3,930 

4,047 

3,964 

4,113 

3,831 

Total chemical prime product sales

 6,558 

 6,496 

 6,488 

 6,675 

 6,356 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q10 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

3Q10

2Q10

1Q10

4Q09

3Q09

United States

  ExxonMobil

    Crude ($/b)

70.69

73.13

72.97

70.21

61.27

    Natural Gas ($/kcf)

4.13

4.11

5.32

4.23

3.31

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

76.04

77.78

78.67

76.06

68.19

    ANS-WC ($/b)

76.37

78.30

79.07

75.80

69.13

   Henry Hub ($/mbtu)

4.38

4.09

5.30

4.16

3.39

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

73.82

75.24

74.21

72.62

66.17

    Natural Gas ($/kcf)

6.26

5.83

6.45

6.18

5.14

    European NG ($/kcf)

7.41

6.35

6.93

6.79

5.73

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

76.86

78.30

76.24

74.56

68.28

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 2,352 

 772 

 772 

 983 

 858 

  Non-U.S.

5,280 

4,570 

4,774 

5,543 

4,049 

  Total

 7,632 

 5,342 

 5,546 

 6,526 

 4,907 

Downstream

  United States

 201 

 264 

 347 

 355 

 396 

  Non-U.S.

357 

320 

327 

547 

435 

  Total

 558 

 584 

 674 

 902 

 831 

Chemical

  United States

 62 

 66 

 68 

 82 

 66 

  Non-U.S.

463 

492 

546 

731 

681 

  Total

 525 

 558 

 614 

 813 

 747 

Other

 54 

 35 

 43 

 22 

 8 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 8,769 

 6,519 

 6,877 

 8,263 

 6,493 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

62 

45 

55 

64 

60 

                          - Non-U.S.

437 

361 

630 

617 

434 

  Non-consolidated - ExxonMobil share - United States

                                                                    - Non-U.S.

Total Exploration Expense Charged to Income

501 

415 

689 

685 

501 

 

 

 

 

 

 

Effective Income Tax Rate, %

45%

43%

50%

45%

50%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 5,043 

 5,092 

 4,698 

 4,727 

 4,747 

  Average - assuming dilution

 5,089 

 4,729 

 4,736 

 4,760 

 4,803 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

12.2 

13.3 

13.7 

10.7 

12.5 

 

 

 

 

 

 

Total Debt ($G)

18.3 

20.4 

9.5 

9.6 

9.6 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 13.1 

 9.2 

 13.1 

 8.6 

 8.8 

  Sales of subsidiaries, investments and PP&E

0.8 

0.4 

0.4 

0.3 

0.2 

  Cash flows from operations and asset sales

 13.9 

 9.6 

 13.5 

 8.9 

 9.0 

 

 

 

 

 

 

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

third quarter of 2010.  Volumes and realizations may be adjusted when full statements on joint venture operations are

received from outside operators.  ExxonMobil management assumes no duty to update these estimates.

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

3Q10 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)

 

 

3Q10 vs.

3Q10 vs.

 

 

 

Earnings Factor Analysis, $M

3Q09

2Q10

 

 

 

Upstream

  Prior Period

4,012

5,336

 

 

 

    Realization

1,030

90

 

 

 

    Volume/Mix

270

160

 

 

 

    Other

150

-120

 

 

 

  Current Period

5,467

5,467

 

 

 

Downstream

  Prior Period

325

1,220

 

 

 

    Margin

300

-390

 

 

 

    Volume/Mix

150

110

 

 

 

    Other

390

220

 

 

 

  Current Period

1,160

1,160

 

 

 

Chemical

  Prior Period

876

1,368

 

 

 

    Margin

370

-220

 

 

 

    Volume/Mix

50

60

 

 

 

    Other

-70

20

 

 

 

  Current Period

1,229

1,229

 

 

 

 

 

 

 

 

 

Upstream Volume Factor Analysis, KOEBD

  Prior Period

3,694

3,996

 

 

 

    Entitlements

-21

-1

 

 

 

    Quotas

31

4

 

 

 

    Divestments

-1

-1

 

 

 

    Acquisitions

498

471

 

 

 

    Net Growth

252

-16

 

 

 

  Current Period

4,453

4,453