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): November 1, 2012


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 2.02

Results of Operations and Financial Condition

Item 7.01

Regulation FD Disclosure



The following information is furnished pursuant to both Item 2.02 and Item 7.01.


The Registrant hereby furnishes the information set forth in its News Release, dated November 1, 2012, announcing third quarter 2012 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 3Q12 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:  November 1, 2012

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 November 1, 2012, announcing third quarter 2012 results.


99.2

3Q12 Investor Relations Data Summary.













































-4-


   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, NOVEMBER 1, 2012

 

 

 


EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

THIRD QUARTER 2012 RESULTS


 

 

 

 

 

 

 

 

Third Quarter

 

Nine Months

 

 

2012

2011

%

2012

2011

%

Earnings Excluding Special Items 1

 

 

 

 

 

 

   $ Millions

9,570

10,330

-7

34,930

31,660

10

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

2.09

2.13

-2

7.50

6.45

16

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

0

0

 

0

0

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

   $ Millions

9,570

10,330

-7

34,930

31,660

10

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

2.09

2.13

-2

7.50

6.45

16

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

9,183

8,620

7

27,356

26,747

2

 

 

 

 

 

 

 

1 See page 8 for a reference to earnings


EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


“Third quarter results reflect our ongoing commitment to help deliver the energy needed to underpin economic recovery and growth while maintaining our strong focus on safety and environmental performance.


Third quarter 2012 earnings were $9.6 billion, down 7% from the third quarter of 2011. Earnings for the first nine months of 2012 were $34.9 billion, up 10% compared to the first nine months of 2011.


Capital and exploration expenditures were $9.2 billion in the third quarter and a record $27.4 billion for the first nine months of 2012 as we continue pursuing opportunities to find and produce new supplies of oil and natural gas to meet global demand for energy.  

 




The Corporation distributed $7.6 billion to shareholders in the third quarter through dividends and share purchases to reduce shares outstanding.”



THIRD QUARTER HIGHLIGHTS


Earnings of $9,570 million decreased $760 million or 7% from the third quarter of 2011.


Earnings per share (assuming dilution) were $2.09, a decrease of 2% from the third quarter of 2011.


Capital and exploration expenditures were $9.2 billion, up 7% from the third quarter of 2011.


Oil-equivalent production decreased 7.5% from the third quarter of 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 2.9%.


Cash flow from operations and asset sales was $14.0 billion, including proceeds associated with asset sales of $0.6 billion.


Share purchases to reduce shares outstanding were $5 billion.


Dividends per share of $0.57 increased 21% compared to the third quarter of 2011.


As announced, on September 19, 2012, ExxonMobil and its subsidiary, XTO Energy Inc., signed an exchange agreement with Denbury Onshore, LLC, a subsidiary of Denbury Resources Inc., to acquire 100 percent of Denbury’s Bakken shale assets, which consist of approximately 196,000 net acres in North Dakota and Montana, with expected production to be more than 15,000 net oil-equivalent barrels per day when the deal closes.


As announced, on October 16, 2012, ExxonMobil Canada Ltd. entered into an agreement with Celtic Exploration Ltd. (“Celtic”) under which an ExxonMobil Canada affiliate will acquire Celtic.  Under the terms of the agreement, ExxonMobil Canada will acquire 545,000 net acres in the liquids-rich Montney shale, 104,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta.  Current production of the acreage to be acquired is 72 million cubic feet per day of natural gas and 4,000 barrels per day of crude, condensate and natural gas liquids.


The Sakhalin-1 Consortium, operated by Exxon Neftegas Limited (ENL), recently drilled the world’s longest extended-reach well at the Chayvo field, offshore Russian Far East. Using ExxonMobil’s fast-drill technology, the Z-44 well reached a measured depth of 12,376 meters (40,604 feet), more than 27 times the height of the Empire State Building.


ExxonMobil is investing more than $200 million to expand its Baton Rouge, Louisiana chemical and lubricants plants to increase capacity for synthetic lubricant base stocks manufacturing and lubricants blending, packaging and storage.




-2-


Third Quarter 2012 vs. Third Quarter 2011


Upstream earnings were $5,973 million in the third quarter of 2012, down $2,421 million from the third quarter of 2011.  Production volume and mix effects reduced earnings by $700 million. Lower liquids and natural gas realizations decreased earnings by $130 million. All other items, including the absence of prior year asset sales ($1.0 billion), unfavorable tax items and foreign exchange impacts, decreased earnings by a total of $1.6 billion.


On an oil-equivalent basis, production decreased 7.5% from the third quarter of 2011. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 2.9%.


Liquids production totaled 2,116 kbd (thousands of barrels per day), down 133 kbd from the third quarter of 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was down 3.1%, as field decline was partially offset by project ramp-up in Angola and Nigeria.


Third quarter natural gas production was 11,061 mcfd (millions of cubic feet per day), down 1,136 mcfd from 2011.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 2.7%, due primarily to field decline.


Earnings from U.S. Upstream operations were $633 million, $551 million lower than the third quarter of 2011.  Non-U.S. Upstream earnings were $5,340 million, down $1,870 million from the prior year.


Downstream earnings were $3,190 million, up $1,611 million from the third quarter of 2011.  Downstream margins, mainly refining, increased earnings by $850 million, while volume and mix effects were essentially flat.  All other items, including higher gains on asset sales of $360 million, favorable foreign exchange effects, and lower operating expenses, increased earnings by $780 million.  Petroleum product sales of 6,105 kbd were 453 kbd lower than last year's third quarter due mainly to divestments and the Japan restructuring.



-3-


Earnings from the U.S. Downstream were $1,441 million, up $631 million from the third quarter of 2011.  Non-U.S. Downstream earnings of $1,749 million were $980 million higher than last year.


Chemical earnings of $790 million were $213 million lower than the third quarter of 2011.  Lower margins decreased earnings by $150 million.  All other items, mainly unfavorable foreign exchange effects, decreased earnings by $60 million.  Third quarter prime product sales of 5,947 kt (thousands of metric tons) were 285 kt lower than last year's third quarter due mainly to the Japan restructuring.


Corporate and financing expenses were $383 million for the third quarter of 2012, down $263 million from the third quarter of 2011, due mainly to favorable tax items.


During the third quarter of 2012, Exxon Mobil Corporation purchased 58 million shares of its common stock for the treasury at a gross cost of $5.1 billion.  These purchases included $5.0 billion to reduce the number of shares outstanding, with the balance used to acquire shares 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 2012.  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 2012 vs. First Nine Months 2011


Earnings of $34,930 million in the first nine months of 2012 increased $3,270 million from 2011.  Earnings per share increased 16% to $7.50.  



FIRST NINE MONTHS HIGHLIGHTS


Earnings were $34,930 million, up 10%.


Earnings per share increased 16% to $7.50.


Oil-equivalent production was down 6.2% from 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 1.6%.


Cash flow from operations and asset sales was $49.8 billion, including proceeds associated with asset sales of $6.9 billion.


The Corporation distributed nearly $23 billion to shareholders in the first nine months of 2012 through dividends and share purchases to reduce shares outstanding.


Capital and exploration expenditures were a record $27.4 billion.



Upstream earnings for the first nine months of 2012 were $22,133 million, down $3,477 million from 2011.  Production volume and mix effects decreased earnings by $1.9 billion.  Liquids and natural gas realizations decreased earnings by $80 million.  All other items, including higher operating expenses and unfavorable tax effects, reduced earnings by $1.5 billion.


On an oil-equivalent basis, production was down 6.2% compared to the same period in 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 1.6%.


Liquids production of 2,179 kbd decreased 153 kbd compared with 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was down 1.8%, as field decline was partly offset by project ramp-up in Angola and Nigeria.


Natural gas production of 12,249 mcfd decreased 739 mcfd from 2011.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 1.3%, as field decline was partially offset by higher demand and lower downtime.



-5-


Earnings from U.S. Upstream operations for 2012 were $2,321 million, down $1,591 million from 2011.  Earnings outside the U.S. were $19,812 million, down $1,886 million.


Downstream earnings of $11,422 million in the first nine months of 2012 increased $7,388 million from 2011.  Higher refining margins increased earnings by $1.4 billion, while volume and mix effects increased earnings by $140 million.  All other items increased earnings by $5.8 billion due primarily to a $5.3 billion gain associated with the Japan restructuring and other divestment gains.  Petroleum product sales of 6,197 kbd decreased 189 kbd from 2011 due mainly to divestments and the Japan restructuring.


U.S. Downstream earnings were $2,878 million, up $640 million from 2011.  Non-U.S. Downstream earnings were $8,544 million, an increase of $6,748 million from last year.


Chemical earnings of $2,940 million for the first nine months of 2012 were $900 million lower than 2011.  Margins decreased earnings by $920 million.  Volume and mix effects lowered earnings by $60 million.  All other items increased earnings by $80 million, as a $630 million gain associated with the Japan restructuring was mostly offset by unfavorable foreign exchange effects and higher operating expenses.  Prime product sales of 18,256 kt were down 479 kt from 2011.


Corporate and financing expenses were $1,565 million for the first nine months of 2012, down $259 million from 2011 due primarily to the Japan restructuring.


Gross share purchases through the first nine months of 2012 were $15.8 billion, reducing shares outstanding by 185 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 November 1, 2012.  To listen to the event live or in archive, go to our website at exxonmobil.com.



Cautionary statement


Statements 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; resource recoveries; and share purchase levels, could differ materially due to factors including: changes in oil or gas prices or other market or economic conditions affecting the oil and gas industry, including the scope and duration of economic recessions; the outcome of exploration and development efforts; changes in law or government regulation, including tax and environmental requirements; the outcome of commercial negotiations; 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 2011 Form 10-K.  Completion of pending acquisitions will depend on the terms and timing of government approvals and other conditions to closing contained in the applicable agreements.  We assume no duty to update these statements as of any future date. References to quantities of 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 proceeds associated with the sales of subsidiaries, property, plant and equipment, and sales and returns of investments 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 2012

 

 

(millions of dollars, unless noted)

 

 

 

Third Quarter

 

Nine Months

 

 

 

2012

2011

 

2012

2011

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

115,706

125,330

 

367,122

364,820

 

 

Total costs and other deductions

98,386

106,650

 

306,096

308,604

 

 

Income before income taxes

17,320

18,680

 

61,026

56,216

 

 

Income taxes

7,394

8,009

 

23,647

23,734

 

 

Net income including noncontrolling interests

9,926

10,671

 

37,379

32,482

 

 

Net income attributable to noncontrolling interests

356

341

 

2,449

822

 

 

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

9,570

10,330

 

34,930

31,660

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

2.09

2.13

 

7.50

6.46

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

2.09

2.13

 

7.50

6.45

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

2,622

2,277

 

7,500

6,773

 

 

Per common share (dollars)

0.57

0.47

 

1.61

1.38

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At September 30

 

 

 

4,559

4,793

 

 

Average - assuming dilution

4,597

4,843

 

4,657

4,908

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at September 30

 

 

 

166,713

155,939

 

 

ExxonMobil share of capital employed at September 30

 

 

183,620

176,586

 

 

 

 

 

 

 

 

 

 

Income taxes

7,394

8,009

 

23,647

23,734

 

 

Sales-based taxes

8,137

8,484

 

24,657

25,013

 

 

All other taxes

8,652

11,084

 

29,891

32,575

 

 

Total taxes

24,183

27,577

 

78,195

81,322

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

1,353

1,418

 

4,499

4,307

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-9-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2012

 

 

(millions of dollars)

 

 

 

Third Quarter

 

Nine Months 

 

 

 

2012

2011

 

2012

2011

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

633

1,184

 

2,321

3,912

 

 

Non-U.S.

5,340

7,210

 

19,812

21,698

 

 

Downstream

 

 

 

 

 

 

 

United States

1,441

810

 

2,878

2,238

 

 

Non-U.S.

1,749

769

 

8,544

1,796

 

 

Chemical

 

 

 

 

 

 

 

United States

565

538

 

1,492

1,832

 

 

Non-U.S.

225

465

 

1,448

2,008

 

 

Corporate and financing

(383)

(646)

 

(1,565)

(1,824)

 

 

Net income attributable to ExxonMobil

9,570

10,330

 

34,930

31,660

 

 

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

0

 

 

Corporate total

0

0

 

0

0

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

633

1,184

 

2,321

3,912

 

 

Non-U.S.

5,340

7,210

 

19,812

21,698

 

 

Downstream

 

 

 

 

 

 

 

United States

1,441

810

 

2,878

2,238

 

 

Non-U.S.

1,749

769

 

8,544

1,796

 

 

Chemical

 

 

 

 

 

 

 

United States

565

538

 

1,492

1,832

 

 

Non-U.S.

225

465

 

1,448

2,008

 

 

Corporate and financing

(383)

(646)

 

(1,565)

(1,824)

 

 

Corporate total

9,570

10,330

 

34,930

31,660

 

 

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

 

 

 

 

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

13.4

14.9

 

42.9

44.6

 

 

Proceeds associated with asset sales

0.6

1.4

 

6.9

4.2

 

 

Cash flow from operations and asset sales

14.0

16.3

 

49.8

48.8

 




-10-



Attachment III

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2012

 

 

 

 

 

 

Third Quarter

 

Nine Months 

 

 

 

2012

2011

 

2012

2011

 

 

Net production of crude oil

 

 

 

and natural gas liquids,

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

  United States

397

405

 

414

421

 

 

  Canada/South America

247

256

 

247

252

 

 

  Europe

181

247

 

207

275

 

 

  Africa

492

481

 

490

521

 

 

  Asia

744

806

 

770

811

 

 

  Australia/Oceania

55

54

 

51

52

 

 

Worldwide

2,116

2,249

 

2,179

2,332

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

  United States

3,712

3,917

 

3,847

3,888

 

 

  Canada/South America

340

381

 

370

415

 

 

  Europe

2,233

2,471

 

3,083

3,307

 

 

  Africa

16

5

 

17

6

 

 

  Asia

4,287

5,036

 

4,558

5,029

 

 

  Australia/Oceania

473

387

 

374

343

 

 

Worldwide

11,061

12,197

 

12,249

12,988

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

3,960

4,282

 

4,220

4,497

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 



-11-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2012

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

Nine Months

 

 

 

2012

2011

 

2012

2011

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,841

1,743

 

1,802

1,765

 

 

Canada

449

436

 

424

429

 

 

Europe

1,547

1,535

 

1,506

1,528

 

 

Asia Pacific

813

1,231

 

1,057

1,188

 

 

Other

279

287

 

284

292

 

 

Worldwide

4,929

5,232

 

5,073

5,202

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

2,576

2,577

 

2,513

2,514

 

 

Canada

499

469

 

448

452

 

 

Europe

1,601

1,623

 

1,583

1,597

 

 

Asia Pacific

874

1,237

 

1,056

1,199

 

 

Other

555

652

 

597

624

 

 

Worldwide

6,105

6,558

 

6,197

6,386

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,447

2,568

 

2,486

2,512

 

 

Heating oils, kerosene, diesel

1,897

2,013

 

1,969

1,998

 

 

Aviation fuels

495

532

 

469

493

 

 

Heavy fuels

502

628

 

520

595

 

 

Specialty products

764

817

 

753

788

 

 

Worldwide

6,105

6,558

 

6,197

6,386

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,342

2,280

 

7,003

6,858

 

 

Non-U.S.

3,605

3,952

 

11,253

11,877

 

 

Worldwide

5,947

6,232

 

18,256

18,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-12-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

THIRD QUARTER 2012

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 Nine Months

 

 

 

2012

2011

 

2012

2011

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,960

2,172

 

7,044

8,327

 

 

Non-U.S.

6,288

5,580

 

17,676

15,761

 

 

Total

8,248

7,752

 

24,720

24,088

 

 

Downstream

 

 

 

 

 

 

 

United States

156

135

 

442

366

 

 

Non-U.S.

427

406

 

1,149

1,109

 

 

Total

583

541

 

1,591

1,475

 

 

Chemical

 

 

 

 

 

 

 

United States

110

76

 

279

197

 

 

Non-U.S.

240

245

 

752

925

 

 

Total

350

321

 

1,031

1,122

 

 

 

 

 

 

 

 

 

 

Other

2

6

 

14

62

 

 

 

 

 

 

 

 

 

 

Worldwide

9,183

8,620

 

27,356

26,747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

105

68

 

291

180

 

 

Non-U.S.

387

657

 

1,092

1,470

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

2

2

 

3

7

 

 

Non-U.S.

5

1

 

15

4

 

 

 

 

 

 

 

 

 

 

Worldwide

499

728

 

1,401

1,661

 

 

 

 

 

 

 

 

 




-13-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

 

   $ Per Common Share 1

 

 

 

 

 

 

 

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

 

 

Fourth Quarter

9,250

 

1.86

 

 

Year

30,460

 

6.24

 

 

 

 

 

 

 

 

2011

 

 

 

 

 

First Quarter

10,650

 

2.14

 

 

Second Quarter

10,680

 

2.19

 

 

Third Quarter

10,330

 

2.13

 

 

Fourth Quarter

9,400

 

1.97

 

 

Year

41,060

 

8.43

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

First Quarter

9,450

 

2.00

 

 

Second Quarter

15,910

 

3.41

 

 

Third Quarter

9,570

 

2.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 







-14-




EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)

 

Earnings, $M

3Q12

2Q12

1Q12

4Q11

3Q11

Upstream

  United States

633 

678 

1,010 

1,184 

1,184 

  Non-U.S.

5,340 

7,680 

6,792 

7,645 

7,210 

  Total

5,973 

8,358 

7,802 

8,829 

8,394 

Downstream

  United States

1,441 

834 

603 

30 

810 

  Non-U.S.

1,749 

5,812 

983 

395 

769 

  Total

3,190 

6,646 

1,586 

425 

1,579 

Chemical

  United States

565 

494 

433 

383 

538 

  Non-U.S.

225 

955 

268 

160 

465 

  Total

790 

1,449 

701 

543 

1,003 

 

 

 

 

 

 

Corporate and financing

(383)

(543)

(639)

(397)

(646)

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

9,570 

15,910 

9,450 

9,400 

10,330 

Earnings per common share (U.S. GAAP)

2.09 

3.41 

2.00 

1.97 

2.13 

Earnings per common share

 - assuming dilution (U.S. GAAP)

2.09 

3.41 

2.00 

1.97 

2.13 

 

 

 

 

 

 

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

633 

678 

1,010 

1,184 

1,184 

  Non-U.S.

5,340 

7,680 

6,792 

7,645 

7,210 

  Total

5,973 

8,358 

7,802 

8,829 

8,394 

Downstream

 

 

 

 

 

  United States

1,441 

834 

603 

30 

810 

  Non-U.S.

1,749 

5,812 

983 

395 

769 

  Total

3,190 

6,646 

1,586 

425 

1,579 

Chemical

  United States

565 

494 

433 

383 

538 

  Non-U.S.

225 

955 

268 

160 

465 

  Total

790 

1,449 

701 

543 

1,003 

 

 

 

 

 

 

Corporate and financing

(383)

(543)

(639)

(397)

(646)

Corporate total

9,570 

15,910 

9,450 

9,400 

10,330 

EPS excluding Special Items - assuming dilution

2.09 

3.41 

2.00 

1.97 

2.13 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

3Q12

2Q12

1Q12

4Q11

3Q11

natural gas liquids, kbd

  United States

397 

419 

426 

432 

405 

  Canada/South America

247 

243 

248 

247 

256 

  Europe

181 

213 

228 

257 

247 

  Africa

492 

514 

464 

468 

481 

  Asia

744 

766 

802 

800 

806 

  Australia/Oceania

55 

53 

46 

46 

54 

Total liquids production

2,116 

2,208 

2,214 

2,250 

2,249 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

3,712 

3,897 

3,932 

4,005 

3,917 

  Canada/South America

340 

392 

377 

400 

381 

  Europe

2,233 

2,578 

4,447 

3,866 

2,471 

  Africa

16 

25 

12 

  Asia

4,287 

4,379 

5,011 

5,103 

5,036 

  Australia/Oceania

473 

390 

257 

295 

387 

Total natural gas production available for sale

11,061 

11,661 

14,036 

13,677 

12,197 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

3,960 

4,152 

4,553 

4,530 

4,282 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,841 

1,740 

1,825 

1,839 

1,743 

  Canada

449 

384 

438 

433 

436 

  Europe

1,547 

1,489 

1,481 

1,526 

1,535 

  Asia Pacific

813 

1,064 

1,296 

1,157 

1,231 

  Other Non-U.S.

279 

285 

290 

295 

287 

Total refinery throughput

4,929 

4,962 

5,330 

5,250 

5,232 

 

 

 

 

 

 

Petroleum product sales, kbd

  United States

2,576 

2,488 

2,473 

2,579 

2,577 

  Canada

499 

421 

423 

463 

469 

  Europe

1,601 

1,582 

1,564 

1,592 

1,623 

  Asia Pacific

874 

1,065 

1,232 

1,221 

1,237 

  Other Non-U.S.

555 

615 

624 

638 

652 

Total petroleum product sales

6,105 

6,171 

6,316 

6,493 

6,558 

 

 

 

 

 

 

  Gasolines, naphthas

2,447 

2,489 

2,522 

2,626 

2,568 

  Heating oils, kerosene, diesel

1,897 

1,915 

2,096 

2,080 

2,013 

  Aviation fuels

495 

452 

458 

492 

532 

  Heavy fuels

502 

554 

505 

568 

628 

  Specialty products

764 

761 

735 

727 

817 

Total petroleum product sales

6,105 

6,171 

6,316 

6,493 

6,558 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,342 

 2,296 

 2,365 

 2,392 

 2,280 

  Non-U.S.

3,605 

3,676 

3,972 

3,879 

3,952 

Total chemical prime product sales

 5,947 

 5,972 

 6,337 

 6,271 

 6,232 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

3Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

3Q12

2Q12

1Q12

4Q11

3Q11

United States

  ExxonMobil

    Crude ($/b)

96.36

96.46

105.68

102.63

95.58

    Natural Gas ($/kcf)

2.74

2.20

2.74

3.44

4.14

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

92.11

93.44

102.99

94.07

89.70

    ANS-WC ($/b)

109.08

110.01

118.31

110.36

111.74

    Henry Hub ($/mbtu)

2.80

2.21

2.72

3.54

4.20

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

104.32

103.41

114.27

106.10

107.32

    Natural Gas ($/kcf)

9.01

9.33

9.44

9.18

8.28

    European NG ($/kcf)

9.28

9.67

10.11

10.18

9.47

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

109.61

108.19

118.49

109.31

113.46

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 1,960 

 2,662 

 2,422 

 2,414 

 2,172 

  Non-U.S.

6,288 

5,731 

5,657 

6,589 

5,580 

  Total

 8,248 

 8,393 

 8,079 

 9,003 

 7,752 

Downstream

  United States

 156 

 176 

 110 

 152 

 135 

  Non-U.S.

427 

393 

329 

493 

406 

  Total

 583 

 569 

 439 

 645 

 541 

Chemical

  United States

 110 

 95 

 74 

 93 

 76 

  Non-U.S.

240 

273 

239 

235 

245 

  Total

 350 

 368 

 313 

 328 

 321 

Other

 2 

 9 

 3 

 43 

 6 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 9,183 

 9,339 

 8,834 

 10,019 

 8,620 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

105 

83 

103 

88 

68 

                        - Non-U.S.

387 

288 

417 

332 

657 

  Non-consolidated - ExxonMobil share - United States

                                                               - Non-U.S.

Exploration Expenses Charged to Income Included Above

499 

375 

527 

432 

728 

 

 

 

 

 

 

Effective Income Tax Rate, %

47%

36%

49%

47%

47%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 4,559 

 4,616 

 4,676 

 4,734 

 4,793 

  Average - assuming dilution

 4,597 

 4,657 

 4,716 

 4,775 

 4,843 

 

 

 

 

 

 

Total Cash, Cash Equivalent and Marketable Securities ($G)1

13.3 

18.0 

19.1 

13.1 

11.3 

 

 

 

 

 

 

Total Debt ($G)

12.4 

15.6 

15.7 

17.0 

16.8 

 

 

 

 

 

 

Cash Flow from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 13.4 

 10.2 

 19.3 

 10.7 

 14.9 

  Proceeds associated with asset sales

0.6 

3.7 

2.6 

6.9 

1.4 

  Cash flow from operations and asset sales

 14.0 

 13.9 

 21.9 

 17.6 

 16.3 

 

 

 

 

 

 

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

the third quarter of 2012.  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 Includes restricted cash of $0.2G in 3Q12, $0.2G in 2Q12, $0.5G in 1Q12, $0.4G in 4Q11, and $0.2G in 3Q11

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

3Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)

 

 

 

 

 

 

 

 

Earnings Factor Analysis, $M

3Q12 vs. 3Q11

3Q12 vs. 2Q12

 

 

 

Upstream

  Prior Period

8,394

8,358

 

 

 

    Realization

-130

340

 

 

 

    Volume/Mix

-700

-540

 

 

 

    Other

-1,600

-2,180

 

 

 

  Current Period

5,973

5,973

 

 

 

Downstream

  Prior Period

1,579

6,646

 

 

 

    Margin

850

650

 

 

 

    Volume/Mix

-20

300

 

 

 

    Other

780

-4,410

 

 

 

  Current Period

3,190

3,190

 

 

 

Chemical

  Prior Period

1,003

1,449

 

 

 

    Margin

-150

-90

 

 

 

    Volume/Mix

-10

20

 

 

 

    Other

-50

-590

 

 

 

  Current Period

790

790

 

 

 

 

 

 

 

 

 

Upstream Volume Factor Analysis, KOEBD

  Prior Period

4,282

4,152

 

 

 

    Entitlements

-144

-39

 

 

 

    Quotas

9

-1

 

 

 

    Divestments

-62

-1

 

 

 

    Net Growth

-125

-151

 

 

 

  Current Period

3,960

3,960

 

 

 

 

 

 

 

 

 

Sources and Uses of Funds ($G)

3Q12

 

 

 

 

  Beginning Cash

18.0

 

 

 

 

    Earnings

9.6

 

 

 

 

    Depreciation

4.0

 

 

 

 

    Working Capital/ Other

-0.2

 

 

 

 

    Proceeds Associated with Asset Sales

0.6

 

 

 

 

    Additions to PP&E

-8.0

 

 

 

 

    Shareholder Distributions

-7.6

 

 

 

 

    Additional Financing / Investing

-3.1

 

 

 

 

  Ending Cash

13.3

 

 

 

 

 

 

 

 

 

 

Notes:

Earnings exclude special items, if applicable.

The 3Q12 beginning and ending balances include restricted cash of $0.2G and $0.2G, respectively.