UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K



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




Date of Report (Date of earliest event reported): April 25, 2013


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 April 25, 2013, announcing first quarter 2013 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 1Q13 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.












































-2-










SIGNATURE





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




EXXON MOBIL CORPORATION



Date:  April 25, 2013

By:

/s/ Patrick T. Mulva

----------------------------------------------

Name:

Patrick T. Mulva

Title:

Vice President, Controller and

Principal Accounting Officer


























-3-





INDEX TO EXHIBITS




Exhibit No.

Description


99.1

Exxon Mobil Corporation News Release, dated April 25, 2013, announcing first quarter 2013 results.


99.2

1Q13 Investor Relations Data Summary.













































-4-


 EXHIBIT 99.1

News Release

[f8k1q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, APRIL 25, 2013

 

 

 



EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

FIRST QUARTER 2013 RESULTS

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

2013

2012

%

Earnings

 

 

 

 

 

 

   $ Millions

 

 

 

9,500

9,450

1

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

 

 

 

2.12

2.00

6

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

 

 

 

11,775

8,834

33

 

 

 

 

 

 

 



EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


“ExxonMobil achieved strong results during the first quarter of 2013, while investing significantly to develop new energy supplies.  ExxonMobil’s financial performance enables continued investment to deliver the energy needed to help meet growing demand, support economic growth, and raise living standards around the world.


First quarter 2013 earnings were $9.5 billion, up 1% from the first quarter of 2012.


Capital and exploration expenditures for the first quarter were $11.8 billion, including $3.1 billion for the acquisition of Celtic Exploration Ltd.  


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





FIRST QUARTER HIGHLIGHTS


Earnings of $9,500 million increased $50 million or 1% from the first quarter of 2012.


Earnings per share (assuming dilution) were $2.12, an increase of 6%.


Capital and exploration expenditures were $11.8 billion, up 33% from the first quarter of 2012.


Oil-equivalent production decreased 3.5% from the first quarter of 2012.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 1.2%.


Cash flow from operations and asset sales was $14 billion, including proceeds associated with asset sales of $0.4 billion.


Share purchases to reduce shares outstanding were $5 billion.


Dividends per share of $0.57 increased 21% compared to the first quarter of 2012.


Rosneft and ExxonMobil have agreed to expand their 2011 Strategic Cooperation Agreement to include approximately 600,000 square kilometers (150 million acres) of additional exploration acreage in the Russian Arctic and potential participation by Rosneft in the Point Thomson project in Alaska. They have also agreed to conduct a joint study on a potential LNG project in the Russian Far East.


Production started from the Telok natural gas field, located offshore Malaysia in the South China Sea.  The Telok A platform is the first phase of the Telok natural gas project.




-2-


First Quarter 2013 vs. First Quarter 2012


Upstream earnings were $7,037 million in the first quarter of 2013, down $765 million from the first quarter of 2012.  Lower liquids realizations, partially offset by improved natural gas realizations, decreased earnings by $230 million.  Production volume and mix effects reduced earnings by $280 million.  All other items, including higher operating expenses, decreased earnings by $250 million.


On an oil-equivalent basis, production decreased 3.5% from the first quarter of 2012. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 1.2%.


Liquids production totaled 2,193 kbd (thousands of barrels per day), down 21 kbd from the first quarter of 2012 as field decline was partially offset by project ramp-up in West Africa.  The net impact of entitlement volumes, OPEC quota effects, and divestments was negligible.


First quarter natural gas production was 13,213 mcfd (millions of cubic feet per day), down 823 mcfd from 2012.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 1.5%, as field decline was partially offset by lower downtime and higher demand.


Earnings from U.S. Upstream operations were $859 million, $151 million lower than the first quarter of 2012.  Non-U.S. Upstream earnings were $6,178 million, down $614 million from the prior year.


Downstream earnings were $1,545 million, down $41 million from the first quarter of 2012.  Stronger margins, mainly in refining, increased earnings by $780 million.  Volume and mix effects decreased earnings by $290 million.  All other items, including lower gains on asset sales, higher expenses, and foreign exchange effects, decreased earnings by $530 million.  Petroleum product sales of 5,755 kbd were 561 kbd lower than last year's first quarter reflecting the Japan restructuring and other divestment related impacts.



-3-



Earnings from the U.S. Downstream were $1,039 million, up $436 million from the first quarter of 2012.  Non-U.S. Downstream earnings of $506 million were $477 million lower than last year.  


Chemical earnings of $1,137 million were $436 million higher than the first quarter of 2012.  Higher margins, mainly commodities, increased earnings by $320 million.  All other items, including gains on asset sales, increased earnings by $120 million.  First quarter prime product sales of 5,910 kt (thousands of metric tons) were 427 kt lower than last year's first quarter due mainly to the Japan restructuring.


Corporate and financing expenses were $219 million for the first quarter of 2013, down $420 million from the first quarter of 2012, reflecting favorable tax impacts.


During the first quarter of 2013, Exxon Mobil Corporation purchased 63 million shares of its common stock for the treasury at a gross cost of $5.6 billion.  These purchases included $5 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 $4 billion in the second quarter of 2013.  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.


Estimates of key financial and operating data follow.  



-4-



ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on April 25, 2013.  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 2012 Form 10-K.  We assume no duty to update these statements as of any future date.  



-5-



Frequently used terms


This press release includes cash flow from operations and asset sales, which is a non-GAAP financial measure.  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.


Reference to Earnings


References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement.  Unless otherwise indicated, references to earnings, Upstream, Downstream, Chemical and Corporate and Financing segment earnings, and earnings per share are ExxonMobil's share after excluding amounts attributable to noncontrolling interests.



The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.  For example, a single project for purposes of the rule may encompass numerous properties, agreements, investments, developments, phases, work efforts, activities, and components, each of which we may also informally describe as a “project”.



-6-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2013

 

 

(millions of dollars, unless noted)

 

 

 

 

 

First Quarter 

 

 

 

 

 

 

2013

2012

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

 

 

 

108,807

124,053

 

 

Total costs and other deductions

 

 

 

92,769

106,538

 

 

Income before income taxes

 

 

 

16,038

17,515

 

 

Income taxes

 

 

 

6,277

7,716

 

 

Net income including noncontrolling interests

 

 

 

9,761

9,799

 

 

Net income attributable to noncontrolling interests

 

 

 

261

349

 

 

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

 

 

 

9,500

9,450

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

 

 

 

2.12

2.00

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

 

 

 

2.12

2.00

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

 

 

 

2,561

2,221

 

 

Per common share (dollars)

 

 

 

0.57

0.47

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At March 31

 

 

 

4,446

4,676

 

 

Average - assuming dilution

 

 

 

4,485

4,716

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at March 31

 

 

 

167,001

157,012

 

 

ExxonMobil share of capital employed at March 31

 

 

184,375

177,137

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

6,277

7,716

 

 

Sales-based taxes

 

 

 

7,492

8,493

 

 

All other taxes

 

 

 

8,781

11,203

 

 

Total taxes

 

 

 

22,550

27,412

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

 

 

 

1,939

1,705

 

 

 

 

 

 

 

 

 



-7-




 

Attachment II

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2013

 

 

(millions of dollars)

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2013

2012

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

859

1,010

 

 

Non-U.S.

 

 

 

6,178

6,792

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

1,039

603

 

 

Non-U.S.

 

 

 

506

983

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

752

433

 

 

Non-U.S.

 

 

 

385

268

 

 

Corporate and financing

 

 

 

(219)

(639)

 

 

Net income attributable to ExxonMobil

 

 

 

9,500

9,450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

13.6

19.3

 

 

Proceeds associated with asset sales

 

 

 

0.4

2.5

 

 

Cash flow from operations and asset sales

 

 

 

14.0

21.8

 

 

 

 

 

 

 

 

 



-8-



Attachment III 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2013

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2013

2012

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

  United States

 

 

 

435

426

 

 

  Canada/South America

 

 

 

264

248

 

 

  Europe

 

 

 

195

228

 

 

  Africa

 

 

 

453

464

 

 

  Asia

 

 

 

804

802

 

 

  Australia/Oceania

 

 

 

42

46

 

 

Worldwide

 

 

 

2,193

2,214

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

  United States

 

 

 

3,590

3,932

 

 

  Canada/South America

 

 

 

328

377

 

 

  Europe

 

 

 

4,473

4,447

 

 

  Africa

 

 

 

9

12

 

 

  Asia

 

 

 

4,515

5,011

 

 

  Australia/Oceania

 

 

 

298

257

 

 

Worldwide

 

 

 

13,213

14,036

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

 

 

 

4,395

4,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 



-9-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2013

2012

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

 

 

 

1,810

1,825

 

 

Canada

 

 

 

430

438

 

 

Europe

 

 

 

1,394

1,481

 

 

Asia Pacific

 

 

 

790

1,296

 

 

Other

 

 

 

152

290

 

 

Worldwide

 

 

 

4,576

5,330

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

 

 

 

2,532

2,473

 

 

Canada

 

 

 

436

423

 

 

Europe

 

 

 

1,460

1,564

 

 

Asia Pacific

 

 

 

894

1,232

 

 

Other

 

 

 

433

624

 

 

Worldwide

 

 

 

5,755

6,316

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

 

 

 

2,355

2,522

 

 

Heating oils, kerosene, diesel

 

 

 

1,792

2,096

 

 

Aviation fuels

 

 

 

453

458

 

 

Heavy fuels

 

 

 

460

505

 

 

Specialty products

 

 

 

695

735

 

 

Worldwide

 

 

 

5,755

6,316

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

 

 

 

2,364

2,365

 

 

Non-U.S.

 

 

 

3,546

3,972

 

 

Worldwide

 

 

 

5,910

6,337

 

 

 

 

 

 

 

 

 



-10-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2013

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2013

2012

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

2,090

2,422

 

 

Non-U.S.

 

 

 

8,757

5,657

 

 

Total

 

 

 

10,847

8,079

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

259

110

 

 

Non-U.S.

 

 

 

350

329

 

 

Total

 

 

 

609

439

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

114

74

 

 

Non-U.S.

 

 

 

202

239

 

 

Total

 

 

 

316

313

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

3

3

 

 

 

 

 

 

 

 

 

 

Worldwide

 

 

 

11,775

8,834

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

 

 

 

127

103

 

 

Non-U.S.

 

 

 

316

417

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

 

 

 

1

1

 

 

Non-U.S.

 

 

 

1

6

 

 

Worldwide

 

 

 

445

527

 

 

 

 

 

 

 

 

 



-11-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   $ Millions

       $ Per Common Share 1

 

 

 

 

 

 

 

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

 

 

Fourth Quarter

9,950

 

2.20

 

 

Year

44,880

 

9.70

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

First Quarter

9,500

 

2.12

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 









-12-


EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q13 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)

 

Earnings, $M

1Q13

4Q12

3Q12

2Q12

1Q12

Upstream

  United States

859 

1,604 

633 

678 

1,010 

  Non-U.S.

6,178 

6,158 

5,340 

7,680 

6,792 

  Total

7,037 

7,762 

5,973 

8,358 

7,802 

Downstream

  United States

1,039 

697 

1,441 

834 

603 

  Non-U.S.

506 

1,071 

1,749 

5,812 

983 

  Total

1,545 

1,768 

3,190 

6,646 

1,586 

Chemical

  United States

752 

728 

565 

494 

433 

  Non-U.S.

385 

230 

225 

955 

268 

  Total

1,137 

958 

790 

1,449 

701 

 

 

 

 

 

 

Corporate and financing

(219)

(538)

(383)

(543)

(639)

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

9,500 

9,950 

9,570 

15,910 

9,450 

Earnings per common share (U.S. GAAP)

2.12 

2.20 

2.09 

3.41 

2.00 

Earnings per common share

 - assuming dilution (U.S. GAAP)

2.12 

2.20 

2.09 

3.41 

2.00 

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 2,090 

 4,036 

 1,960 

 2,662 

 2,422 

  Non-U.S.

8,757 

7,328 

6,288 

5,731 

5,657 

  Total

 10,847 

 11,364 

 8,248 

 8,393 

 8,079 

Downstream

  United States

 259 

 192 

 156 

 176 

 110 

  Non-U.S.

350 

479 

427 

393 

329 

  Total

 609 

 671 

 583 

 569 

 439 

Chemical

  United States

 114 

 129 

 110 

 95 

 74 

  Non-U.S.

202 

258 

240 

273 

239 

  Total

 316 

 387 

 350 

 368 

 313 

Other

 3 

 21 

 2 

 9 

 3 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 11,775 

 12,443 

 9,183 

 9,339 

 8,834 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

127 

101 

105 

83 

103 

                        - Non-U.S.

316 

349 

387 

288 

417 

  Non-consolidated - ExxonMobil share - United States

                                                               - Non-U.S.

Exploration Expenses Charged to Income Included Above

445 

458 

499 

375 

527 

 

 

 

 

 

 

Effective Income Tax Rate, %

46%

46%

47%

36%

49%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 4,446 

 4,502 

 4,559 

 4,616 

 4,676 

  Average - assuming dilution

 4,485 

 4,541 

 4,597 

 4,657 

 4,716 

 

 

 

 

 

 

Total Cash and Cash Equivalents ($G)1

6.6 

9.9 

13.3 

18.0 

19.1 

 

 

 

 

 

 

Total Debt ($G)

13.4 

11.6 

12.4 

15.6 

15.7 

 

 

 

 

 

 

Cash Flow from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 13.6 

 13.2 

 13.4 

 10.2 

 19.3 

  Proceeds associated with asset sales

0.4 

0.8 

0.7 

3.7 

2.5 

  Cash flow from operations and asset sales

 14.0 

 14.0 

 14.1 

 13.9 

 21.8 

 

 

 

 

 

 

1 Includes restricted cash of $0.4G in 1Q13, $0.3G in 4Q12, $0.2G in 3Q12, $0.2G in 2Q12, and $0.5G in 1Q12

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q13 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

1Q13

4Q12

3Q12

2Q12

1Q12

natural gas liquids, kbd

  United States

435 

430 

397 

419 

426 

  Canada/South America

264 

268 

247 

243 

248 

  Europe

195 

205 

181 

213 

228 

  Africa

453 

479 

492 

514 

464 

  Asia

804 

776 

744 

766 

802 

  Australia/Oceania

42 

45 

55 

53 

46 

Total liquids production

2,193 

2,203 

2,116 

2,208 

2,214 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

3,590 

3,747 

3,712 

3,897 

3,932 

  Canada/South America

328 

346 

340 

392 

377 

  Europe

4,473 

3,627 

2,233 

2,578 

4,447 

  Africa

15 

16 

25 

12 

  Asia

4,515 

4,477 

4,287 

4,379 

5,011 

  Australia/Oceania

298 

329 

473 

390 

257 

Total natural gas production available for sale

13,213 

12,541 

11,061 

11,661 

14,036 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,395 

4,293 

3,960 

4,152 

4,553 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,810 

1,856 

1,841 

1,740 

1,825 

  Canada

430 

468 

449 

384 

438 

  Europe

1,394 

1,499 

1,547 

1,489 

1,481 

  Asia Pacific

790 

823 

813 

1,064 

1,296 

  Other Non-U.S.

152 

191 

279 

285 

290 

Total refinery throughput

4,576 

4,837 

4,929 

4,962 

5,330 

 

 

 

 

 

 

Petroleum product sales, kbd

  United States

2,532 

2,737 

2,576 

2,488 

2,473 

  Canada

436 

470 

499 

421 

423 

  Europe

1,460 

1,537 

1,601 

1,582 

1,564 

  Asia Pacific

894 

896 

874 

1,065 

1,232 

  Other Non-U.S.

433 

468 

555 

615 

624 

Total petroleum product sales

5,755 

6,108 

6,105 

6,171 

6,316 

 

 

 

 

 

 

  Gasolines, naphthas

2,355 

2,500 

2,447 

2,489 

2,522 

  Heating oils, kerosene, diesel

1,792 

1,881 

1,897 

1,915 

2,096 

  Aviation fuels

453 

487 

495 

452 

458 

  Heavy fuels

460 

499 

502 

554 

505 

  Specialty products

695 

741 

764 

761 

735 

Total petroleum product sales

5,755 

6,108 

6,105 

6,171 

6,316 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,364 

 2,378 

 2,342 

 2,296 

 2,365 

  Non-U.S.

3,546 

3,523 

3,605 

3,676 

3,972 

Total chemical prime product sales

 5,910 

 5,901 

 5,947 

 5,972 

 6,337 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q13 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Earnings Factor Analysis, $M

1Q13 vs. 1Q12

1Q13 vs. 4Q12

 

 

 

Upstream

  Prior Period

7,802

7,762

 

 

 

    Realization

-230

340

 

 

 

    Volume/Mix

-280

-80

 

 

 

    Other

-250

-980

 

 

 

  Current Period

7,037

7,037

 

 

 

Downstream

  Prior Period

1,586

1,768

 

 

 

    Margin

780

470

 

 

 

    Volume/Mix

-290

-430

 

 

 

    Other

-530

-260

 

 

 

  Current Period

1,545

1,545

 

 

 

Chemical

  Prior Period

701

958

 

 

 

    Margin

320

80

 

 

 

    Volume/Mix

0

10

 

 

 

    Other

120

90

 

 

 

  Current Period

1,137

1,137

 

 

 

 

 

 

 

 

 

Upstream Volume Factor Analysis, KOEBD

  Prior Period

4,553

4,293

 

 

 

    Entitlements

-88

-72

 

 

 

    Quotas

11

0

 

 

 

    Divestments

-26

-10

 

 

 

    Net Growth

-55

184

 

 

 

  Current Period

4,395

4,395

 

 

 

 

 

 

 

 

 

Sources and Uses of Funds ($G)

1Q13

 

 

 

 

  Beginning Cash

9.9

 

 

 

 

    Earnings

9.5

 

 

 

 

    Depreciation

4.1

 

 

 

 

    Working Capital / Other

0.0

 

 

 

 

    Proceeds Associated with Asset Sales

0.4

 

 

 

 

    Additions to PP&E

-7.5

 

 

 

 

    Shareholder Distributions

-7.6

 

 

 

 

    Additional Financing / Investing

-2.2

 

 

 

 

  Ending Cash

6.6

 

 

 

 

 

 

 

 

 

 

Notes:

The 1Q13 beginning and ending balances include restricted cash of $0.3G and $0.4G, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

1Q13 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

 

 

 

 

 

 

Average Realization Data

1Q13

4Q12

3Q12

2Q12

1Q12

United States

  ExxonMobil

    Crude ($/b)

98.05

92.19

96.36

96.46

105.68

    Natural Gas ($/kcf)

3.32

3.27

2.74

2.20

2.74

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

94.29

88.09

92.11

93.44

102.99

    ANS-WC ($/b)

111.02

107.04

109.08

110.01

118.31

    Henry Hub ($/mbtu)

3.34

3.41

2.80

2.21

2.72

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

105.36

104.53

104.32

103.41

114.27

    Natural Gas ($/kcf)

10.49

9.52

9.01

9.33

9.44

    European NG ($/kcf)

10.52

10.20

9.28

9.67

10.11

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

112.55

110.02

109.61

108.19

118.49

 

 

 

 

 

 

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

the first quarter of 2013.  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.