UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
Exxon Mobil Corporation
(Exact name of the registrant as specified in its charter)
| New Jersey | 1-2256 | 13-5409005 | ||||||
| (State or other jurisdiction of | (Commission | (IRS Employer | ||||||
| incorporation or organization) | File Number) | Identification No.) | ||||||
22777 Springwoods Village Parkway, Spring, Texas 77389-1425
(Address of principal executive offices)
Cindy Allen (972) 940-6000
(Name and telephone number, including area code, of the person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this Form is being filed, and provide the period to which the information in this Form applies:
[ ] Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31 _____ .
[X] Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
This consolidated report (“Report”) is prepared and furnished in accordance with the Securities Exchange Act of 1934 under Rule 13q-1 transposed into law effective March 16, 2021, regarding Disclosure of Payments by Resource Extraction Issuers (the “Regulations”) on behalf of Exxon Mobil Corporation, its subsidiaries and entities required to be included in this Report (hereinafter referred to as “ExxonMobil”).
This Report includes cash and in-kind payments made to Foreign Governments or the U.S. Federal Government with respect to commercial development of oil, natural gas, or minerals involving exploration, extraction, processing, and export of oil, natural gas, or minerals, or the acquisition of a license for any such activity. Any extractive payments in the Upstream, Energy Products, Chemical Products, and Specialty Products business segments have been captured. As required by the Regulations, payments included in this Report are on a cash (rather than accrual) basis, based on the year in which the payment was made.
The payments reported follow Form SD’s instructions but do not equal our ultimate liabilities (e.g., production entitlements, taxes, and royalties) for the reporting year. Notably, the Report only covers extractive payments and, in most cases, fails to include payments made to governments related to our other business segments. Additionally, the Report is limited to payments we control and excludes ExxonMobil’s share of significant payments made to governments by other parties (e.g., equity companies). More specifically, the tax payments reported in this document do not equal our ultimate tax liability. They are the payments we made to the governments in the reporting year reduced by the amount of any refunds and do not include amounts for the purchase of tax credits. For these reasons, we believe the total global taxes and duties expense listed in the companies’ Form 10-K reports provide a more accurate reflection of the full scope of contributions made to governments.
Please note: this Report only covers the payments required to be disclosed under the Regulations. This does not reflect the full scope of ExxonMobil’s global economic contributions from the capital we invest annually (>$26 billion in 2023) or the taxes, fees, and duties paid to local, state, and federal governments, which is far greater than what is reflected in this report:
•In 2023, as reflected in the companies' 10-K Reports, ExxonMobil earnings totaled nearly $41 billion.
•Global tax and duties expense in 2023 was $49 billion.
◦This includes more than $16 billion in income taxes.
◦Based on 2023 Form 10-K's, ExxonMobil was the 3rd highest cash tax payor of worldwide income taxes in the Fortune 25 U.S. companies. Our 2023 worldwide effective income tax rate was 33% (excluding acquired entities).
•In the United States specifically, ExxonMobil's total expense for taxes and duties in 2023 was more than $10 billion.
◦$10 billion is more than eight times higher than the U.S. taxes shown in this Report.
The narrow focus of this report makes it challenging to draw meaningful comparisons of payments across countries. Payments to different governments vary due to factors like resource type, project start-up timing, whether payments are controlled by ExxonMobil or third parties, and whether third parties or partners are considered government entities. Payments can also vary dramatically depending on the age of the field and the related pace and amount of resource depletion. Fiscal terms are always subject to negotiation and are reflective of the relative risk and upfront investment required.
The payment disclosure required by Form SD is included as an exhibit to this Form. Payments are reported in U.S. Dollars and are shown in this Report rounded to the nearest $0.1 million. Due to rounding, numbers presented may not add up precisely to the totals indicated. If payments are made in currencies other than U.S. Dollars, those payments are translated using the exchange rate at the time of payment.
ExxonMobil is relying on the alternative reporting provision of Item 2.01. The alternative reports are included in the exhibit to this Form and are available for downloading as follows:
2
•Imperial Oil Limited’s Extractive Sector Transparency Measures Act (“ESTMA”) report is available at: https://www.imperialoil.ca/investors/investor-relations/annual-and-quarterly-reports-and-filings.
•ExxonMobil Canada Investments Company, ExxonMobil Canada Properties and ExxonMobil Canada Energy ESTMA reports are available at: https://corporate.exxonmobil.com/Locations/Canada/ExxonMobil-in-Canada.
•ExxonMobil Luxembourg et Cie SCA’s European Union Directive 2013/34/EU report (RCS number B72560) is available on The Luxemburg Chamber of Commerce website at: https://www.lbr.lu/mjrcs/jsp/IndexActionNotSecured.action?time=1717159937606.
•ESSO Exploration and Production UK Limited’s UK Report on Payments to Government Regulations is available on Companies House’s website at: https://extractives.companieshouse.gov.uk/.
The alternative reports listed above for Canada and the UK are reported in local currency with a USD conversion included as supplemental information.
SECTION 3 - EXHIBITS
Item 3.01 Exhibits
The following exhibit is filed as part of this report.
| Exhibit | Description | ||||
| Exhibit to Form SD - Resource Extraction Payment Report as required by Item 2.01 of this Form | |||||
3
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 duly authorized undersigned.
| EXXON MOBIL CORPORATION | |||||||||||||||||
| /s/ KATHRYN A. MIKELLS | September 25, 2024 | ||||||||||||||||
| By | Kathryn A. Mikells | (Date) | |||||||||||||||
| Senior Vice President and Chief Financial Officer | |||||||||||||||||
4
EXHIBIT 99.1
EXHIBIT TO FORM SD - REPORTING OF PAYMENTS TO GOVERNMENTS
The following tables display the country consolidated view of the relevant payments to governments made by government and payment type and by project and payment type during the year ended December 31, 2023. The alternative reports listed in Form SD also appear as part of this exhibit.
| Argentina | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Administracion Federal de Ingresos Publicos (AFIP) | — | — | — | — | — | 0.4 | — | — | 0.4 | ||||||||||||||||||||
| Provincia del Neuquén | — | 0.2 | 35.2 | — | — | 0.5 | — | — | 35.9 | ||||||||||||||||||||
| Secretaria de Energia, Republica Argentina | — | — | — | — | — | 0.5 | — | — | 0.5 | ||||||||||||||||||||
| Total | — | 0.2 | 35.2 | — | — | 1.4 | — | — | 36.9 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Neuquén-Onshore-Oil & Gas | — | 0.2 | 35.2 | — | — | 1.0 | — | — | 36.4 | ||||||||||||||||||||
| Tierra del Fuego-Offshore-Argentinian Sea-Oil & Gas | — | — | — | — | — | 0.4 | — | — | 0.4 | ||||||||||||||||||||
| Total | — | 0.2 | 35.2 | — | — | 1.4 | — | — | 36.9 | ||||||||||||||||||||
| Payments made in Argentine Peso | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
1
| Australia | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Australian Taxation Office | — | 1,171.5 | — | — | — | — | — | — | 1,171.5 | ||||||||||||||||||||
| Department of Industry, Science and Resources | — | — | 0.7 | — | — | — | — | — | 0.7 | ||||||||||||||||||||
| Energy Safe Victoria | — | — | — | — | — | 0.6 | — | — | 0.6 | ||||||||||||||||||||
| Environmental Protection Authority | — | — | — | — | — | 0.8 | — | — | 0.8 | ||||||||||||||||||||
| Gippsland Water | — | — | — | — | — | 2.2 | — | — | 2.2 | ||||||||||||||||||||
| National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) | — | — | — | — | — | 6.7 | — | — | 6.7 | ||||||||||||||||||||
| State Revenue Office Victoria | — | — | — | — | — | 1.9 | — | — | 1.9 | ||||||||||||||||||||
| The National Offshore Petroleum Titles Administrator (NOPTA) | — | — | — | — | — | 1.0 | — | — | 1.0 | ||||||||||||||||||||
| Victoria Workcover Authority | — | — | — | — | — | 0.1 | — | — | 0.1 | ||||||||||||||||||||
| Wellington Shire Council | — | — | — | — | — | 3.2 | — | — | 3.2 | ||||||||||||||||||||
| Total | — | 1,171.5 | 0.7 | — | — | 16.5 | — | — | 1,188.7 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Victoria-Offshore-Bass Strait-Oil & Gas | — | 320.4 | — | — | — | 16.5 | — | — | 336.9 | ||||||||||||||||||||
| Western Australia-Offshore-Indian Ocean-Oil & Gas | — | 31.2 | — | — | — | — | — | — | 31.2 | ||||||||||||||||||||
| Western Australia-Onshore-Oil | — | — | 0.7 | — | — | — | — | — | 0.7 | ||||||||||||||||||||
| Entity Level Payment | — | 819.9 | — | — | — | — | — | — | 819.9 | ||||||||||||||||||||
| Total | — | 1,171.5 | 0.7 | — | — | 16.5 | — | — | 1,188.7 | ||||||||||||||||||||
| Payments made in Australian Dollar | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
2
Azerbaijan | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| State Tax Services of the Republic of Azerbaijan | — | 39.6 | — | — | — | — | — | — | 39.6 | ||||||||||||||||||||
| Total | — | 39.6 | — | — | — | — | — | — | 39.6 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Baku-Offshore-Caspian Sea-Oil & Gas | — | 39.6 | — | — | — | — | — | — | 39.6 | ||||||||||||||||||||
| Total | — | 39.6 | — | — | — | — | — | — | 39.6 | ||||||||||||||||||||
| Payments made in US Dollar | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
3
| Brazil | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Financiadora de Estudos e Projetos | — | — | — | — | — | — | — | 0.9 | 0.9 | ||||||||||||||||||||
| Fundacao Coordenacao de Projetos, Pesquisas e Estudos Tecnologicos | — | — | — | — | — | — | — | 3.2 | 3.2 | ||||||||||||||||||||
| Fundacao da Universidade Federal do Parana | — | — | — | — | — | — | — | 0.3 | 0.3 | ||||||||||||||||||||
| Fundacao de Apoio a Universidade de Sao Paulo | — | — | — | — | — | — | — | 0.4 | 0.4 | ||||||||||||||||||||
| Fundacao de Apoio a Universidade Federal do Rio Grande do Sul | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Fundacao de Apoio a Universidade Federal Rural do Rio de Janeiro | — | — | — | — | — | — | — | 0.1 | 0.1 | ||||||||||||||||||||
| Fundacao de Ciencia Aplicacoes e Tecnologia Espaciais | — | — | — | — | — | — | — | 0.4 | 0.4 | ||||||||||||||||||||
| Fundacao de Desenvolvimento da Pesquisa | — | — | — | — | — | — | — | 0.3 | 0.3 | ||||||||||||||||||||
| Fundacao de Desenvolvimento da Unicamp | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Ministerio da Fazenda | — | (0.9) | — | — | — | 3.3 | — | — | 2.4 | ||||||||||||||||||||
| Total | — | (0.9) | — | — | — | 3.3 | — | 6.1 | 8.5 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Rio de Janeiro-Offshore-Campos Basin-Oil & Gas | — | — | — | — | — | 1.4 | — | — | 1.4 | ||||||||||||||||||||
| São Paulo-Offshore-Santos Basin-Oil & Gas | — | — | — | — | — | 0.8 | — | 6.1 | 6.9 | ||||||||||||||||||||
| Sergipe-Offshore-Sergipe-Alagoas Basin-Oil & Gas | — | — | — | — | — | 1.2 | — | — | 1.2 | ||||||||||||||||||||
| Entity Level Payment | — | (0.9) | — | — | — | — | — | — | (0.9) | ||||||||||||||||||||
| Total | — | (0.9) | — | — | — | 3.3 | — | 6.1 | 8.5 | ||||||||||||||||||||
| Payments made in Brazilian Real | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
4
| Egypt | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Egyptian Natural Gas Holding Company (EGAS) | — | — | — | — | 6.9 | 1.9 | — | — | 8.7 | ||||||||||||||||||||
| Total | — | — | — | — | 6.9 | 1.9 | — | — | 8.7 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Al Iskandarīyah-Offshore-Mediterranean Sea-Oil | — | — | — | — | 6.9 | 1.9 | — | — | 8.7 | ||||||||||||||||||||
| Total | — | — | — | — | 6.9 | 1.9 | — | — | 8.7 | ||||||||||||||||||||
| Payments made in Egyptian Pound and US Dollar | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
5
| Equatorial Guinea | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Guinea Ecuatorial de Petróleos (GEPetrol) | 32.8 | — | — | — | — | — | — | — | 32.8 | ||||||||||||||||||||
| Ministry of Mines and Hydrocarbons | 2.4 | — | 65.9 | — | — | — | — | — | 68.3 | ||||||||||||||||||||
| Ministry of Taxes / Public Treasury | — | 74.9 | — | — | — | 12.5 | — | 0.7 | 88.2 | ||||||||||||||||||||
| Total | 35.2 | 74.9 | 65.9 | — | — | 12.5 | — | 0.7 | 189.2 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Bioko Norte-Offshore-Gulf of Guinea-Oil & Gas | 35.2 | 74.9 | 65.9 | — | — | 12.5 | — | 0.7 | 189.2 | ||||||||||||||||||||
| Total | 35.2 | 74.9 | 65.9 | — | — | 12.5 | — | 0.7 | 189.2 | ||||||||||||||||||||
Payments made in Central African Franc | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
Production entitlement and royalties include in-kind payments valued pursuant to production agreements | |||||||||||||||||||||||||||||
6
Greece | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) | — | — | — | — | — | 1.4 | — | — | 1.4 | ||||||||||||||||||||
| Total | — | — | — | — | — | 1.4 | — | — | 1.4 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Thessaloniki-Offshore-Cretan Sea-Oil | — | — | — | — | — | 1.4 | — | — | 1.4 | ||||||||||||||||||||
| Total | — | — | — | — | — | 1.4 | — | — | 1.4 | ||||||||||||||||||||
Payments made in Euro | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
7
| Indonesia | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Directorate General Of Marine Transportation | — | — | — | — | — | 1.2 | — | — | 1.2 | ||||||||||||||||||||
| Directorate General Of Taxation | — | 184.5 | — | — | — | — | — | — | 184.5 | ||||||||||||||||||||
| Pertamina Ep Cepu | 681.4 | — | — | — | — | — | — | — | 681.4 | ||||||||||||||||||||
| Perusahaan Umum Perum Jasa Tirta | — | — | — | — | — | 0.3 | — | — | 0.3 | ||||||||||||||||||||
| PT. Blora Patragas Hulu (Perseroda) | 33.0 | — | — | — | — | — | — | — | 33.0 | ||||||||||||||||||||
| PT. Asri Dharma Sejahtera | 67.9 | — | — | — | — | — | — | — | 67.9 | ||||||||||||||||||||
| PT. Petrogas Jatim Utama Cendana | 34.0 | — | — | — | — | — | — | — | 34.0 | ||||||||||||||||||||
| PT. Sarana Patra Hulu Cepu | 16.5 | — | — | — | — | — | — | — | 16.5 | ||||||||||||||||||||
| SKK Migas | 3,575.2 | — | — | — | — | 3.0 | — | — | 3,578.2 | ||||||||||||||||||||
| Total | 4,408.0 | 184.5 | — | — | — | 4.5 | — | — | 4,596.9 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Jawa Tengah-Offshore-Indonesia Open Area-Oil | — | — | — | — | — | 0.2 | — | — | 0.2 | ||||||||||||||||||||
| Jawa Tengah-Onshore-Oil | 4,408.0 | 184.5 | — | — | — | 3.0 | — | — | 4,595.4 | ||||||||||||||||||||
| Sulawesi Tengah-Offshore-Indonesia Open Area-Oil | — | — | — | — | — | 0.7 | — | — | 0.7 | ||||||||||||||||||||
| Sulawesi Tengah-Offshore-Makassar Straight-Oil | — | — | — | — | — | 0.6 | — | — | 0.6 | ||||||||||||||||||||
| Total | 4,408.0 | 184.5 | — | — | — | 4.5 | — | — | 4,596.9 | ||||||||||||||||||||
Payments made in Indonesian Rupiah and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
Production entitlements include in-kind payments valued pursuant to production agreements | |||||||||||||||||||||||||||||
8
Iraq | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| General Commission for Taxes | — | 28.8 | — | — | — | — | — | — | 28.8 | ||||||||||||||||||||
| Total | — | 28.8 | — | — | — | — | — | — | 28.8 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Al Başrah-Onshore-Oil | — | 28.8 | — | — | — | — | — | — | 28.8 | ||||||||||||||||||||
| Total | — | 28.8 | — | — | — | — | — | — | 28.8 | ||||||||||||||||||||
Payments made in Iraqi Dinar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
9
Kazakhstan | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Atyrau Tax Committee | — | 6.1 | — | — | — | 3.3 | — | — | 9.4 | ||||||||||||||||||||
| KazTransOil | — | — | — | — | — | 2.7 | — | — | 2.7 | ||||||||||||||||||||
| Total | — | 6.1 | — | — | — | 6.0 | — | — | 12.2 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Atyrauskaya oblast'-Offshore-Caspian Sea- Kashagan Field-Oil & Gas | — | 6.1 | — | — | — | 3.3 | — | — | 9.4 | ||||||||||||||||||||
| Entity Level Payment | — | — | — | — | — | 2.7 | — | — | 2.7 | ||||||||||||||||||||
| Total | — | 6.1 | — | — | — | 6.0 | — | — | 12.2 | ||||||||||||||||||||
Payments made in Kazakhstani Tenge | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
10
Malaysia | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Inland Revenue Board of Malaysia | — | 277.8 | — | — | — | — | — | — | 277.8 | ||||||||||||||||||||
| PETRONAS | 2,388.9 | 92.6 | 447.3 | — | — | — | — | — | 2,928.8 | ||||||||||||||||||||
| Total | 2,388.9 | 370.3 | 447.3 | — | — | — | — | — | 3,206.6 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Terengganu-Offshore-South China Sea-Oil & Gas | 2,388.9 | 92.6 | 447.3 | — | — | — | — | — | 2,928.8 | ||||||||||||||||||||
| Entity Level Payment | — | 277.8 | — | — | — | — | — | — | 277.8 | ||||||||||||||||||||
| Total | 2,388.9 | 370.3 | 447.3 | — | — | — | — | — | 3,206.6 | ||||||||||||||||||||
Payments made in Malaysian Ringgit and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
Production entitlement and royalties include in-kind payments valued pursuant to production agreements | |||||||||||||||||||||||||||||
11
Mozambique | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Instituto Nacional de Petroleo (INP) | — | — | — | — | — | 39.5 | — | — | 39.5 | ||||||||||||||||||||
| Unidade de Grandes Contribuintes | — | 4.7 | — | — | — | — | — | — | 4.7 | ||||||||||||||||||||
| Total | — | 4.7 | — | — | — | 39.5 | — | — | 44.2 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Zambezia-Offshore-Zambezi Basin-Oil & Gas | — | — | — | — | — | 39.5 | — | — | 39.5 | ||||||||||||||||||||
| Cabo Delgado-Offshore-Rovuma Basin-Oil & Gas | — | 4.7 | — | — | — | — | — | — | 4.7 | ||||||||||||||||||||
| Total | — | 4.7 | — | — | — | 39.5 | — | — | 44.2 | ||||||||||||||||||||
Payments made in Mozambican Metical and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
12
Nigeria | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Akwa Ibom State Government | — | — | — | — | — | 0.9 | — | 1.9 | 2.8 | ||||||||||||||||||||
| Federal Government | — | — | — | — | — | 7.1 | — | — | 7.1 | ||||||||||||||||||||
| Federal Inland Revenue Service | — | 1,686.7 | — | — | — | 6.7 | — | — | 1,693.4 | ||||||||||||||||||||
| Industrial Training Fund | — | — | — | — | — | 4.8 | — | — | 4.8 | ||||||||||||||||||||
| Lagos State Board of Internal Revenue | — | 0.7 | — | — | — | — | — | — | 0.7 | ||||||||||||||||||||
| Local Government | — | — | — | — | — | 0.4 | — | — | 0.4 | ||||||||||||||||||||
| Niger Delta Development Commission | — | — | — | — | — | 82.4 | — | — | 82.4 | ||||||||||||||||||||
| Nigeria Host Community Development Trust Fund | — | — | — | — | — | — | — | 72.4 | 72.4 | ||||||||||||||||||||
| Nigerian Content Development and Monitoring Board | — | — | — | — | — | 9.9 | — | 2.8 | 12.8 | ||||||||||||||||||||
| Nigerian National Petroleum Company (NNPC) Limited | 318.7 | — | — | — | — | 10.0 | 1.4 | — | 330.1 | ||||||||||||||||||||
| Nigerian Upstream Petroleum Regulatory Commission c/o Nigerian Midstream and Downstream Petroleum Regulatory Authority | — | — | 761.0 | — | — | 63.3 | — | — | 824.3 | ||||||||||||||||||||
| Other Federal Ministries | — | — | — | — | — | 0.2 | — | — | 0.2 | ||||||||||||||||||||
| Total | 318.7 | 1,687.4 | 761.0 | — | — | 185.7 | 1.4 | 77.1 | 3,031.3 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Akwa Ibom-Offshore-Atlantic Ocean (Bight of Benin)-Oil & Gas | 90.7 | — | 122.5 | — | — | 11.9 | — | — | 225.0 | ||||||||||||||||||||
| Akwa Ibom-Offshore-Atlantic Ocean (Bight of Biafra)-Oil & Gas | — | — | 381.3 | — | — | 69.2 | 1.4 | 1.9 | 453.7 | ||||||||||||||||||||
| Cross River-Offshore-Atlantic Ocean (Bight of Biafra)-Oil & Gas | — | — | — | — | — | — | — | 2.8 | 2.8 | ||||||||||||||||||||
| Lagos-Offshore-Atlantic Ocean (Bight of Biafra)-Oil & Gas | — | 0.7 | — | — | — | — | — | — | 0.7 | ||||||||||||||||||||
| Ondo-Offshore-Atlantic Ocean (Bight of Benin)-Oil & Gas | 228.0 | — | 245.9 | — | — | 15.5 | — | — | 489.4 | ||||||||||||||||||||
| Rivers-Offshore-Atlantic Ocean-Oil & Gas | — | — | 11.3 | — | — | 0.2 | — | — | 11.5 | ||||||||||||||||||||
| Entity Level Payment | — | 1,686.7 | — | — | — | 89.0 | — | 72.4 | 1,848.1 | ||||||||||||||||||||
| Total | 318.7 | 1,687.4 | 761.0 | — | — | 185.7 | 1.4 | 77.1 | 3,031.3 | ||||||||||||||||||||
Payments made in Nigerian Naira and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
Production entitlements, royalties and taxes include in-kind payments valued pursuant to production agreements | |||||||||||||||||||||||||||||
13
Papua New Guinea | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Conservation and Environment Protection Authority | — | — | — | — | — | 0.6 | — | — | 0.6 | ||||||||||||||||||||
| Department of Petroleum & Energy | — | 176.1 | — | — | — | 0.4 | — | — | 176.5 | ||||||||||||||||||||
| Department of Works | — | 22.9 | — | — | — | — | — | — | 22.9 | ||||||||||||||||||||
| Internal Revenue Commission | — | 301.3 | — | — | — | — | — | — | 301.3 | ||||||||||||||||||||
| Kumul Petroleum PNG Holdings Limited | — | — | — | 266.7 | — | — | — | — | 266.7 | ||||||||||||||||||||
| Mineral Resources Development Company | — | — | — | 91.0 | — | — | — | — | 91.0 | ||||||||||||||||||||
| Total | — | 500.4 | — | 357.7 | — | 1.0 | — | — | 859.1 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Central-Onshore-Oil & Gas | — | — | — | — | — | 0.1 | — | — | 0.1 | ||||||||||||||||||||
| Gulf-Onshore-Oil & Gas | — | — | — | — | — | 0.0 | — | — | 0.0 | ||||||||||||||||||||
| Hela-Onshore-Oil & Gas | — | 176.1 | — | — | — | 0.2 | — | — | 176.3 | ||||||||||||||||||||
| National Capital District (Port Moresby)-Onshore-Oil & Gas | — | — | — | — | — | 0.0 | — | — | 0.0 | ||||||||||||||||||||
| Southern Highlands-Onshore-Oil & Gas | — | 22.9 | — | — | — | 0.5 | — | — | 23.4 | ||||||||||||||||||||
| Western-Onshore-Oil & Gas | — | — | — | — | — | 0.2 | — | — | 0.2 | ||||||||||||||||||||
| Entity Level Payment | — | 301.3 | — | 357.7 | — | — | — | — | 659.0 | ||||||||||||||||||||
| Total | — | 500.4 | — | 357.7 | — | 1.0 | — | — | 859.1 | ||||||||||||||||||||
Payments made in Papua New Guinean Kina and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
14
Qatar | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| General Tax Authority | — | 147.5 | — | — | — | — | — | — | 147.5 | ||||||||||||||||||||
| INJAZ Qatar Establishment | — | — | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| Ministry of Education and Higher Education | — | — | — | — | — | — | — | 0.8 | 0.8 | ||||||||||||||||||||
| Ministry of Environment and Climate Change | — | — | — | — | — | — | — | 0.3 | 0.3 | ||||||||||||||||||||
| Qatar Foundation | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Qatar Museums Authority | — | — | — | — | — | — | — | 1.1 | 1.1 | ||||||||||||||||||||
| Qatar University | — | — | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| QatarEnergy | 1,653.0 | — | — | 31.4 | — | — | — | 0.6 | 1,684.9 | ||||||||||||||||||||
| Teach For Qatar | — | — | — | — | — | — | — | 2.0 | 2.0 | ||||||||||||||||||||
| Total | 1,653.0 | 147.5 | — | 31.4 | — | — | — | 5.9 | 1,837.7 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Ad Dawḩah-Offshore-Arabian Gulf-Gas | — | — | — | — | — | — | — | 5.9 | 5.9 | ||||||||||||||||||||
| Al Khawr wa adh Dhakhīrah-Offshore-Arabian Gulf-Gas | 1,653.0 | 147.5 | — | 31.4 | — | — | — | — | 1,831.8 | ||||||||||||||||||||
| Total | 1,653.0 | 147.5 | — | 31.4 | — | — | — | 5.9 | 1,837.7 | ||||||||||||||||||||
Payments made in Qatari Riyal and US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
Production entitlements include in-kind payments valued pursuant to production agreements | |||||||||||||||||||||||||||||
15
Thailand | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Department of Mineral Fuels, Ministry Of Energy | — | — | 3.9 | — | — | — | — | — | 3.9 | ||||||||||||||||||||
| Revenue Department | — | 11.4 | — | — | — | — | — | — | 11.4 | ||||||||||||||||||||
| Total | — | 11.4 | 3.9 | — | — | — | — | — | 15.3 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Khon Kaen-Onshore-Gas | — | 11.4 | 3.9 | — | — | — | — | — | 15.3 | ||||||||||||||||||||
| Total | — | 11.4 | 3.9 | — | — | — | — | — | 15.3 | ||||||||||||||||||||
Payments made in Thai Baht | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
16
United Arab Emirates | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Department of Finance, Abu Dhabi | — | 5,634.5 | 1,775.7 | — | — | — | — | — | 7,410.2 | ||||||||||||||||||||
| Total | — | 5,634.5 | 1,775.7 | — | — | — | — | — | 7,410.2 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Abū Z̧aby-Offshore-Persian Gulf-Oil | — | 5,634.5 | 1,775.7 | — | — | — | — | — | 7,410.2 | ||||||||||||||||||||
| Total | — | 5,634.5 | 1,775.7 | — | — | — | — | — | 7,410.2 | ||||||||||||||||||||
| Payments made in US Dollar | |||||||||||||||||||||||||||||
Well method of extraction for all projects | |||||||||||||||||||||||||||||
17
| United States of America | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Bureau of Land Management | — | — | 37.3 | — | — | 0.3 | — | — | 37.6 | ||||||||||||||||||||
| Internal Revenue Service | — | 1,161.8 | — | — | — | — | — | — | 1,161.8 | ||||||||||||||||||||
| Federal Deposit Insurance Corporation | — | — | — | — | 0.3 | — | — | — | 0.3 | ||||||||||||||||||||
| Office of Natural Resources Revenue | — | — | 1,077.0 | — | 9.8 | 10.6 | — | — | 1,097.4 | ||||||||||||||||||||
| U.S. Department of Justice | — | — | 10.4 | — | — | — | — | — | 10.4 | ||||||||||||||||||||
| Total | — | 1,161.8 | 1,124.7 | — | 10.0 | 10.9 | — | — | 2,307.4 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| California-Offshore-Pacific Ocean-Oil & Gas | — | — | (0.4) | — | — | — | — | — | (0.4) | ||||||||||||||||||||
| Colorado-Onshore-Oil & Gas | — | — | 12.7 | — | — | — | — | — | 12.7 | ||||||||||||||||||||
| Louisiana-Offshore-Gulf of Mexico-Gas | — | — | 0.3 | — | — | — | — | — | 0.3 | ||||||||||||||||||||
| Louisiana-Offshore-Gulf of Mexico-Oil & Gas | — | — | 160.2 | — | — | 3.7 | — | — | 164.0 | ||||||||||||||||||||
| Louisiana-Onshore-Oil & Gas | — | — | 0.4 | — | — | — | — | — | 0.4 | ||||||||||||||||||||
| Montana-Onshore-Oil & Gas | — | — | 11.8 | — | — | — | — | — | 11.8 | ||||||||||||||||||||
| New Mexico-Onshore-Oil & Gas | — | — | 691.8 | — | — | 0.3 | — | — | 692.1 | ||||||||||||||||||||
| North Dakota-Onshore-Oil & Gas | — | — | 132.7 | — | — | — | — | — | 132.7 | ||||||||||||||||||||
| Oklahoma-Onshore-Oil & Gas | — | — | 0.5 | — | — | — | — | — | 0.5 | ||||||||||||||||||||
| Texas-Offshore-Gulf of Mexico-Oil & Gas | — | — | 5.9 | — | 9.8 | 6.9 | — | — | 22.6 | ||||||||||||||||||||
| Texas-Onshore-Oil & Gas | — | — | 0.9 | — | 0.3 | — | — | — | 1.1 | ||||||||||||||||||||
| Utah-Onshore-Gas | — | — | 2.2 | — | — | — | — | — | 2.2 | ||||||||||||||||||||
| Wyoming-Onshore-Oil & Gas | — | — | 105.7 | — | — | — | — | — | 105.7 | ||||||||||||||||||||
| Entity Level Payment | — | 1,161.8 | — | — | — | — | — | — | 1,161.8 | ||||||||||||||||||||
| Total | — | 1,161.8 | 1,124.7 | — | 10.0 | 10.9 | — | — | 2,307.4 | ||||||||||||||||||||
| Payments made in US Dollar | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
Supplemental Information:
We believe the total U.S. taxes and duties expense listed in companies’ 10-K report is a better reflection of the contributions made to the U.S. governments. For 2023, the total U.S. taxes and duties expense for all ExxonMobil entities included in this Report exceeded $10 billion and represents approximately 48% of U.S. income before income taxes.*
Additionally, the tax payment number reported in the table does not reflect a reliable estimate for ExxonMobil's ultimate tax liability for the reporting year. The tax payment reported follows Form SD’s instructions and is net of all refunds (whether related to the reporting year or another year) and excludes both payments for the purchase of tax credits and payments related to the reporting year but made in prior or subsequent years. Additionally, it may include payments made in the reporting year but related to prior or subsequent years.
The table above only includes certain ExxonMobil payments to the U.S. Federal Government related to extractive activities as required by the Regulations. It is important to note that the Regulations do not require the inclusion of payments to U.S. State and Local entities which are significant. The U.S. reported payments on a comparable basis to the information reported for foreign countries is shown in Figure 1 below and reflects the over $4 billion in U.S. State and Local payments omitted by the Regulations, bringing the total payments in the U.S. to an estimated $6.6 billion.
Figure 1
.
| U.S. State & Local | 4,271.8 | ||||
| Total U.S. Government Payments | 6,579.2 | ||||
*To provide a clearer comparison with Section 13-q reporting, this 2023 calculation includes contributions by all entities acquired in 2023 and 2024.
18
| Vietnam | |||||||||||||||||||||||||||||
GOVERNMENT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Vietnam Oil and Gas Group (Petrovietnam) | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Total | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
PROJECT (Millions of dollars) | Production Entitlements | Taxes | Royalties | Dividends | Bonuses | Fees | Infrastructure Improvements | Community & Social Responsibility | Total | ||||||||||||||||||||
| Quang Nam-Offshore-Pacific Ocean-Gas | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Total | — | — | — | — | — | — | — | 0.2 | 0.2 | ||||||||||||||||||||
| Payments made in Vietnamese Dong | |||||||||||||||||||||||||||||
| Well method of extraction for all projects | |||||||||||||||||||||||||||||
19
Registre de Commerce et des Sociétés
Numéro RCS : B72560
Référence de dépôt : L240205570
Déposé et enregistré le 06/09/2024
ExxonMobil Luxembourg et Cie
Société en Commandite par Actions
Report on Payments to Governments in respect of Extractive
Activities
Year ended December 31, 2023
20, rue de l’Industrie
L-8069 Bertrange
R.C.S. Luxembourg B 72 560
ExxonMobil Luxembourg et Cie SCA
Table of contents | Page(s) | ||||
| Introduction | 3 | ||||
| Definitions relating to reporting on payments to governments | 3 | ||||
| Reporting principles | 4 | ||||
| Reporting of payments | 5-8 | ||||
| - Angola | 5 | ||||
| - Cyprus | 5 | ||||
| - Germany | 6 | ||||
| - Guyana | 7 | ||||
| - Mauritania | 7 | ||||
| - Namibia | 8 | ||||
| - Netherlands | 8 | ||||
| - Suriname | 8 | ||||
2
ExxonMobil Luxembourg et Cie SCA
Introduction
This consolidated report is prepared and published in accordance with the European Union directive 2013/34/EU and transposed into the Luxembourg law of December 18, 2015 regarding payments to governments for companies operating in the extractive industries, which modifies inter alia the law of August 10, 1915 on commercial companies, as amended (the “Law”) on behalf of ExxonMobil Luxembourg et Cie SCA (“ELEC”) and its subsidiaries.
Under the Law, ELEC is required to prepare a consolidated report on payments made to governments in relation to its extractive activities including subsidiaries included in its consolidated financial statements.
ELEC is an intermediate holding company. The ultimate parent is Exxon Mobil Corporation in Spring, Texas in the USA. ELEC and its subsidiaries (the “Group”) are involved in exploration, production, transportation and sale of crude oil and natural gas and the manufacture, transportation and sale of petroleum products and petrochemicals in addition to developing low carbon solutions.
Definitions relating to reporting on payments to governments
Activities within the scope of the report
This report include all payments made to governments with respect to the group activities involving exploration, prospection, discovery, development, and extraction of minerals, oil, natural gas deposits or other materials, within the economic activities listed in Section B, Divisions 05 to 08 of Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 (cfr. Art. 1760-1 point 1° of the Law).
Government
A government is defined as national, regional or local authority of a member state or third party country. It includes a department, agency or undertaking controlled by that authority as defined in articles 1711-1 to 1711-3 of the Law (cfr. Art. 1760-1 point 3° of the Law).
Payments
Payments whether in money or in kind for the activities mentioned above of the following type:
-Production entitlements;
-Taxes levied on the income, production or profits of companies, excluding taxes levied on consumption such as value added taxes, personal income taxes or sales taxes;
-Royalties;
-Dividends;
-Signature, discovery and production bonuses;
-License fees, rental fees, entry fees and other considerations for licenses and/or concessions;
-Payments for infrastructure improvements (cfr. Art. 1760-1 point 5° of the Law).
3
ExxonMobil Luxembourg et Cie SCA
Project
Project is defined as: the operation activities that are governed by a single contract, license, lease, concession or similar legal agreements and form the basis for payment liabilities with a government. Nonetheless, if multiple such agreements are substantially interconnected, this shall be considered a single project (cfr. Art. 1760-1 point 4° of the Law).
Reporting principles
In accordance with the Law, ELEC has applied the following principles:
1.The consolidated report mentions:
a.Total amount of payments made to each government;
b.Total amount per type of payment made to each government;
c.Where those payments have been attributed to a specific project, the total amount per type of payment made for each such project and the total amount of payments for each such project.
2.Any payment, whether made as a single payment or as a series of related payments is not taken into account if it is below EUR 100 000 within a financial year (cfr. Art. 1760-3 (1) of the Law).
3.Payments made by the undertaking in respect of obligations imposed at entity level are disclosed at entity level rather than at project level if it is not possible to disaggregate the payment per project (cfr. Art. 1760-3 (2) last sub-paragraph of the Law).
4.Payments in kind are reported in value and, where applicable, in volume. Supporting notes provide an explanation on how their value has been determined (cfr. Art. 1760-3 (3) of the Law).
5.Disclosure of the payments referred to in this Article reflect the substance, rather than the form, of the payment or activity concerned. Payments and activities are not artificially split or aggregated to avoid the application of the Law (cfr. Art. 1760-3 (4) of the Law).
4
ExxonMobil Luxembourg et Cie SCA
Payments per country, per government and, where applicable, per project
The tables hereinafter show the payments made to governments by the Group on a government and, where applicable, on a project basis for each type of payment during the year ended December 31, 2023.
Angola | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements ¹ | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Agencia Nacional de Petroleo e Gas | 1,789,763 | — | — | — | — | — | — | 1,789,763 | ||||||||||||||||||
| Ministerio das Financas | — | 443,113 | — | — | — | 310 | — | 443,423 | ||||||||||||||||||
| Ministerio dos Petroleos | — | 6,547 | — | — | — | — | — | 6,547 | ||||||||||||||||||
| TOTAL | 1,789,763 | 449,660 | — | — | — | 310 | — | 2,239,733 | ||||||||||||||||||
| ¹ Production entitlement of 22,190 kbbls is valued at a tax reference price ($80.65.70/bbl) issued by the Angola autorities. | ||||||||||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Block 15 | 1,789,763 | 151,249 | — | — | — | 310 | — | 1,941,322 | ||||||||||||||||||
| Block 17 | — | 231,186 | — | — | — | — | — | 231,186 | ||||||||||||||||||
| Block 32 | — | 67,226 | — | — | — | — | — | 67,226 | ||||||||||||||||||
| TOTAL | 1,789,763 | 449,660 | — | — | — | 310 | — | 2,239,733 | ||||||||||||||||||
Cyprus | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Ministry of Energy, Commerce, and Industry | — | — | — | — | — | 1,937 | — | 1,937 | ||||||||||||||||||
| TOTAL | — | — | — | — | — | 1,937 | — | 1,937 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Block 5 | — | — | — | — | — | 332 | — | 332 | ||||||||||||||||||
| Block 10 | — | — | — | — | — | 1,605 | — | 1,605 | ||||||||||||||||||
| TOTAL | — | — | — | — | — | 1,937 | — | 1,937 | ||||||||||||||||||
5
ExxonMobil Luxembourg et Cie SCA
Germany | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Finanzamt Fuer Grossunternehmen | — | 173,715 | — | — | — | — | — | 173,715 | ||||||||||||||||||
| Flecken Steyerberg | — | 6,582 | — | — | — | — | — | 6,582 | ||||||||||||||||||
| Finanzamt Berlin-Kreuzberg | — | 828 | — | — | — | — | — | 828 | ||||||||||||||||||
| Gemeinde Cappeln | — | 952 | — | — | — | — | — | 952 | ||||||||||||||||||
| Gemeinde Emsteck | — | 3,685 | — | — | — | — | — | 3,685 | ||||||||||||||||||
| Gemeinde Grossenkneten | — | 12,490 | — | — | — | — | — | 12,490 | ||||||||||||||||||
| Gemeinde Goldenstedt | — | 1,414 | — | — | — | — | — | 1,414 | ||||||||||||||||||
| Gemeinde Krummhoern | — | 392 | — | — | — | — | — | 392 | ||||||||||||||||||
| Gemeinde Lastrup | — | 1,919 | — | — | — | — | — | 1,919 | ||||||||||||||||||
| Gemeinde Neuenkirchen | — | 521 | — | — | — | — | — | 521 | ||||||||||||||||||
| Gemeinde Visbek | — | 3,151 | — | — | — | — | — | 3,151 | ||||||||||||||||||
| Gemeinde Wagenfeld | — | 658 | — | — | — | — | — | 658 | ||||||||||||||||||
| Gemeinde Wardenburg | — | 1,270 | — | — | — | — | — | 1,270 | ||||||||||||||||||
| Gemeinde Burgwedel | — | 701 | — | — | — | — | — | 701 | ||||||||||||||||||
| Gemeinde Doetlingen | — | 5,895 | — | — | — | — | — | 5,895 | ||||||||||||||||||
| Landeshauptstadt Hannover | — | 25,706 | — | — | — | — | — | 25,706 | ||||||||||||||||||
| Landesamt Fuer Bergbau, Claustha | — | 26,465 | — | — | — | — | — | 26,465 | ||||||||||||||||||
| Samtgemeinde Barnstorf | — | 442 | — | — | — | — | — | 442 | ||||||||||||||||||
| Samtgemeinde Bothel | — | 3,324 | — | — | — | — | — | 3,324 | ||||||||||||||||||
| Samtgemeinde Hankensbuettel | — | 3,297 | — | — | — | — | — | 3,297 | ||||||||||||||||||
| Samtgemeinde Kirchdorf-Bahrenbor | — | 3,346 | — | — | — | — | — | 3,346 | ||||||||||||||||||
| Samtgemeinde Kirchdorf-Barenburg | — | 7,378 | — | — | — | — | — | 7,378 | ||||||||||||||||||
| Samtgemeinde Neuenhaus | — | 3,200 | — | — | — | — | — | 3,200 | ||||||||||||||||||
| Samtgemeinde Siedenburg | — | 2,380 | — | — | — | — | — | 2,380 | ||||||||||||||||||
| Samtgemeinde Sottrum | — | 1,039 | — | — | — | — | — | 1,039 | ||||||||||||||||||
| Samtgemeinde Uchte | — | 1,779 | — | — | — | — | — | 1,779 | ||||||||||||||||||
| Samtgemeinde Wathlingen | — | 1,783 | — | — | — | — | — | 1,783 | ||||||||||||||||||
| Samtgemeinde Zeven | — | 267 | — | — | — | — | — | 267 | ||||||||||||||||||
| Stadt Bassum | — | 187 | — | — | — | — | — | 187 | ||||||||||||||||||
| Stadt Braunschweig | — | 723 | — | — | — | — | — | 723 | ||||||||||||||||||
| Stadt Cloppenburg | — | 1,029 | — | — | — | — | — | 1,029 | ||||||||||||||||||
| Stadt Karlsruhe | — | 2,025 | — | — | — | — | — | 2,025 | ||||||||||||||||||
| Stadt Loeningen | — | 279 | — | — | — | — | — | 279 | ||||||||||||||||||
| Stadt Meppen | — | 6,263 | — | — | — | — | — | 6,263 | ||||||||||||||||||
| Stadt Sulingen | — | 6,932 | — | — | — | — | — | 6,932 | ||||||||||||||||||
| Stadt Vechta | — | 3,878 | — | — | — | — | — | 3,878 | ||||||||||||||||||
| Stadt Visselhoevede | — | 523 | — | — | — | — | — | 523 | ||||||||||||||||||
| Stadt Walsrode | — | 1,709 | — | — | — | — | — | 1,709 | ||||||||||||||||||
| Steuerkasse Koeln | — | 15,916 | — | — | — | — | — | 15,916 | ||||||||||||||||||
| Stadt Munster | — | 591 | — | — | — | — | — | 591 | ||||||||||||||||||
| Stadt Rotenburg (Wuemme) | — | 895 | — | — | — | — | — | 895 | ||||||||||||||||||
| Stadt Wildeshausen | — | 839 | — | — | — | — | — | 839 | ||||||||||||||||||
| Verbandsgemeinde Eich | — | 105 | — | — | — | — | — | 105 | ||||||||||||||||||
| TOTAL | — | 336,469 | — | — | — | — | — | 336,469 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Lower Saxony | — | 26,465 | — | — | — | — | — | 26,465 | ||||||||||||||||||
| Other Germany ⁴ | — | 310,005 | — | — | — | — | — | 310,005 | ||||||||||||||||||
| TOTAL | — | 336,469 | — | — | — | — | — | 336,469 | ||||||||||||||||||
| ⁴ Payments made in respect of obligations imposed at entity level. | ||||||||||||||||||||||||||
6
ExxonMobil Luxembourg et Cie SCA
Guyana | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements ² | Taxes ³ | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Guyana Geology and Mines Commission | — | — | — | — | — | 2,923 | — | 2,923 | ||||||||||||||||||
| Ministry of Natural Resources | 733,538 | — | 218,091 | — | — | — | — | 951,629 | ||||||||||||||||||
| Environmental Protection Agency | — | — | — | — | — | 208 | — | 208 | ||||||||||||||||||
| Guyana Revenue Authority | — | 656,591 | — | — | — | — | — | 656,591 | ||||||||||||||||||
| Maritime Administration Department | — | — | — | — | — | 2,640 | — | 2,640 | ||||||||||||||||||
| Ministry of Culture, Youth, Sport | — | — | — | — | — | — | 8,915 | 8,915 | ||||||||||||||||||
| TOTAL | 733,538 | 656,591 | 218,091 | — | — | 5,771 | 8,915 | 1,622,906 | ||||||||||||||||||
| ² Production entitlement of 17,039,138 BBLs is valued at the realization price issued in the press by the Ministry of Natural Resources offset by EMNI Taxes | ||||||||||||||||||||||||||
| ³ ExxonMobil Net Interest | ||||||||||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Canje | — | — | — | — | — | 145 | — | 145 | ||||||||||||||||||
| Kaieteur | — | — | — | — | — | 262 | — | 262 | ||||||||||||||||||
| Stabroek | 733,538 | 656,591 | 218,091 | — | — | 5,364 | 8,915 | 1,622,499 | ||||||||||||||||||
| TOTAL | 733,538 | 656,591 | 218,091 | — | — | 5,771 | 8,915 | 1,622,906 | ||||||||||||||||||
| Mauritania | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Ministry of Petroleum, Energy and Mines | — | — | — | — | — | — | — | — | ||||||||||||||||||
| Commission Environnementale | — | — | — | — | — | — | — | — | ||||||||||||||||||
| Societe Mauritanienne des Hydrocarbure et de Patrimoine Minier | — | — | — | — | — | — | — | — | ||||||||||||||||||
| Mauritania Tax Authority | — | 1,245 | — | — | — | — | — | 1,245 | ||||||||||||||||||
| TOTAL | — | 1,245 | — | — | — | — | — | 1,245 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Block C-14 | — | 653 | — | — | — | — | — | 653 | ||||||||||||||||||
| Block C-17 | — | 399 | — | — | — | — | — | 399 | ||||||||||||||||||
| Block C-22 | — | 192 | — | — | — | — | — | 192 | ||||||||||||||||||
| TOTAL | — | 1,245 | — | — | — | — | — | 1,245 | ||||||||||||||||||
7
ExxonMobil Luxembourg et Cie SCA
| Namibia | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Ministry of Finance | — | 182 | — | — | — | — | — | 182 | ||||||||||||||||||
| Petrofund | — | — | — | — | — | 390 | — | 390 | ||||||||||||||||||
| TOTAL | — | 182 | — | — | — | 390 | — | 572 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Block PEL86 | — | 61 | — | — | — | 30 | — | 91 | ||||||||||||||||||
| Block PEL89 | — | 61 | — | — | — | 81 | — | 142 | ||||||||||||||||||
| Block PEL95 | — | 61 | — | — | — | 278 | — | 339 | ||||||||||||||||||
| TOTAL | — | 182 | — | — | — | 390 | — | 572 | ||||||||||||||||||
| Netherlands | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Belastingdienst | — | 81,958 | 7,799 | — | — | — | — | 89,757 | ||||||||||||||||||
| TOTAL | — | 81,958 | 7,799 | — | — | — | — | 89,757 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Other Netherlands | — | 81,958 | 7,799 | — | — | — | — | 89,757 | ||||||||||||||||||
| TOTAL | — | 81,958 | 7,799 | — | — | — | — | 89,757 | ||||||||||||||||||
| Suriname | ||||||||||||||||||||||||||
| Payments per Government | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Staatsolie Maatschappij | — | — | — | — | — | — | 190 | 190 | ||||||||||||||||||
| TOTAL | — | — | — | — | — | — | 190 | 190 | ||||||||||||||||||
| Payments per Project | ||||||||||||||||||||||||||
| in Thousands U.S. Dollars | Production entitlements | Taxes | Royalties | Dividends | Bonus | Fees | Payments for infrastructure improvements | Total | ||||||||||||||||||
| Natin Upgrade | — | — | — | — | — | — | 190 | 190 | ||||||||||||||||||
| TOTAL | — | — | — | — | — | — | 190 | 190 | ||||||||||||||||||
8
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||
| Reporting Entity Name | Imperial Oil Limited | |||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | Date submitted | 2024-04-23 | ||||||||||||||
| Reporting Entity ESTMA Identification Number | E425849 | ¤ Original Submission | ||||||||||||||||||
¡ Amended Report | ||||||||||||||||||||
Other Subsidiaries Included (optional field) | ||||||||||||||||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited | |||||||||||||||||||
| Not Substituted | ||||||||||||||||||||
| Attestation by Reporting Entity | ||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Chris Leyerzapf | Date | 2024-04-04 | |||||||||||||||||
| Position Title | Assistant Controller | |||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Imperial Oil Limited | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E425849 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | GOVERNMENT OF ALBERTA | 461,190,000 | 1,060,610,000 | 21,940,000 | 1,543,740,000 | ||||||||||||||||||||||||||||||
| Canada | REGIONAL MUNICIPALITY OF WOOD BUFFALO | 52,360,000 | 52,360,000 | ||||||||||||||||||||||||||||||||
| Canada | MUNICIPAL DISTRICT OF BONNYVILLE NO 87 | 29,960,000 | 29,960,000 | ||||||||||||||||||||||||||||||||
| Canada | TOWN OF NORMAN WELLS | 5,150,000 | 5,150,000 | ||||||||||||||||||||||||||||||||
| Canada | GOVERNMENT OF BRITISH COLUMBIA | 110,000 | 110,000 | ||||||||||||||||||||||||||||||||
| Canada | GOVERNMENT OF CANADA | 1,345,380,000 | 1,680,000 | 630,000 | 1,347,690,000 | ||||||||||||||||||||||||||||||
| Canada | GOVERNMENT OF QUEBEC | 20,050,000 | 20,050,000 | ||||||||||||||||||||||||||||||||
| Canada | ATHABASCA CHIPEWYAN FIRST NATION | 4,260,000 | 4,260,000 | ||||||||||||||||||||||||||||||||
| Canada | COLD LAKE FIRST NATIONS | 1,050,000 | 1,050,000 | ||||||||||||||||||||||||||||||||
| Canada | ELIZABETH METIS SETTLEMENT | 700,000 | 700,000 | ||||||||||||||||||||||||||||||||
| Canada | FORT MCKAY FIRST NATION | 7,540,000 | 7,540,000 | ||||||||||||||||||||||||||||||||
| Canada | FORT MCKAY METIS COMMUNITY ASSOCIATION | 1,140,000 | 1,140,000 | ||||||||||||||||||||||||||||||||
| Canada | FORT MCMURRAY #468 FIRST NATION | 1,350,000 | 1,350,000 | ||||||||||||||||||||||||||||||||
| Canada | HEART LAKE FIRST NATION | 180,000 | 180,000 | ||||||||||||||||||||||||||||||||
| Canada | METIS NATION OF ALBERTA ASSOCIATION LOCAL #125 FORT CHIPEWYAN | 1,140,000 | 1,140,000 | ||||||||||||||||||||||||||||||||
| Canada | METIS NATION OF ALBERTA ASSOCIATION LOCAL #1935 FORT MCMURRAY | 900,000 | 900,000 | ||||||||||||||||||||||||||||||||
| Canada | MIKISEW CREE FIRST NATION | 2,130,000 | 2,130,000 | ||||||||||||||||||||||||||||||||
| Canada | ONION LAKE CREE NATION | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||
| Canada | WHITEFISH LAKE FIRST NATION | 180,000 | 180,000 | ||||||||||||||||||||||||||||||||
| Canada | BEAVER LAKE CREE NATION | 150,000 | 150,000 | ||||||||||||||||||||||||||||||||
| Canada | BUFFALO LAKE METIS SETTLEMENT | 750,000 | 750,000 | ||||||||||||||||||||||||||||||||
| Additional Notes: | This consolidated report includes payments for the period of January 1, 2023 to December 31, 2023, for the following reporting entities: E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited. | ||||||||||||||||||||||||||||||||||
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). | |||||||||||||||||||||||||||||||||||
2 Optional field. | |||||||||||||||||||||||||||||||||||
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | |||||||||||||||||||||||||||||||||||
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. | |||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | Imperial Oil Limited | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E425849 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited | |||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | COLD LAKE | 29,960,000 | 612,990,000 | 10,200,000 | 653,150,000 | |||||||||||||||||||||||||||
| Canada | KEARL | 52,360,000 | 447,160,000 | 24,120,000 | 523,640,000 | |||||||||||||||||||||||||||
| Canada | OTHER OIL SANDS | 1,826,620,000 | 8,100,000 | 1,834,720,000 | ||||||||||||||||||||||||||||
| Canada | CONVENTIONAL | 460,000 | 1,670,000 | 2,130,000 | ||||||||||||||||||||||||||||
| Canada | NORMAN WELLS | 5,150,000 | 1,680,000 | 10,000 | 6,840,000 | |||||||||||||||||||||||||||
| Canada | HORN RIVER | 350,000 | 350,000 | |||||||||||||||||||||||||||||
Additional Notes3: | This consolidated report includes payments for the period of January 1, 2023 to December 31, 2023, for the following reporting entities: E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited. | |||||||||||||||||||||||||||||||
1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table. | ||||||||||||||||||||||||||||||||
2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. | ||||||||||||||||||||||||||||||||
3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. | ||||||||||||||||||||||||||||||||
(Millions of USD dollars) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvements Payments | Total | ||||||||||||||||||
| Imperial Oil Limited Total | 1,426.1 | 784.2 | 32.9 | — | — | — | — | 2,243.1 | ||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Investments Company | |||||||||||||||||||
| Reporting Year | From: | 2022-12-01 | To: | 2023-11-30 | Date submitted | 2024-04-26 | ||||||||||||||
| Reporting Entity ESTMA Identification Number | E872118 | ¤ Original Submission | ||||||||||||||||||
¡ Amended Report | ||||||||||||||||||||
Other Subsidiaries Included (optional field) | ||||||||||||||||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E821931 ExxonMobil Canada Ltd., E108786 ExxonMobil Canada Resources Company, E151657 ExxonMobil Canada Energy, E188132 ExxonMobil Canada Properties | |||||||||||||||||||
| Not Substituted | ||||||||||||||||||||
| Attestation by Reporting Entity | ||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Kitty Lee | Date | 2024-04-26 | |||||||||||||||||
| Position Title | Controller | |||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2022-12-01 | To: | 2023-11-30 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Investments Company | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E872118 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E821931 ExxonMobil Canada Ltd., E108786 ExxonMobil Canada Resources Company, E151657 ExxonMobil Canada Energy, E188132 ExxonMobil Canada Properties | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada -Nova Scotia | CANADA NOVA SCOTIA OFFSHORE PETROLEUM BOARD | 630,000 | 630,000 | ||||||||||||||||||||||||||||||||
| Canada -Alberta | GOVERNMENT OF ALBERTA | 34,370,000 | 400,000 | 180,000 | 34,950,000 | ||||||||||||||||||||||||||||||
| Canada | GOVERNMENT OF CANADA | 880,000 | 151,340,000 | 650,000 | 152,870,000 | ||||||||||||||||||||||||||||||
| Canada -Newfoundland and Labrador | GOVERNMENT OF NEWFOUNDLAND & LABRADOR | 184,060,000 | 710,000 | 184,770,000 | |||||||||||||||||||||||||||||||
| Canada -Newfoundland and Labrador | CANADA NEWFOUNDLAND & LABRADOR OFFSHORE PETROLEUM BOARD | 3,400,000 | 3,400,000 | ||||||||||||||||||||||||||||||||
| Additional Notes: | This consolidated report includes payments for the period of January 1, 2023 to November 30, 2023, for the following reporting entity: E188132 ExxonMobil Canada Properties This consolidated report includes payments for the period of February 1, 2023 to November 30, 2023, for E151657 ExxonMobil Canada Energy, | ||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2022-12-01 | To: | 2023-11-30 | ||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Investments Company | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E872118 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E821931 ExxonMobil Canada Ltd., E108786 ExxonMobil Canada Resources Company, E151657 ExxonMobil Canada Energy, E188132 ExxonMobil Canada Properties | |||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | HIBERNIA | 191,210,000 | 560,000 | 191,770,000 | ||||||||||||||||||||||||||||
| Canada | HSE | 72,360,000 | 150,000 | 72,510,000 | ||||||||||||||||||||||||||||
| Canada | HEBRON | 71,800,000 | 2,590,000 | 74,390,000 | ||||||||||||||||||||||||||||
| Canada | SABLE | 30,000 | 630,000 | 660,000 | ||||||||||||||||||||||||||||
| Canada | CONVENTIONAL | 11,870,000 | 400,000 | 100,000 | 12,370,000 | |||||||||||||||||||||||||||
| Canada | OFFSHORE ATLANTIC | 1,450,000 | 1,450,000 | |||||||||||||||||||||||||||||
| Canada | EXXONMOBIL CANADA INVESTMENT COMPANY | 23,380,000 | 23,380,000 | Payments not directly linked to a specific project, but levied at entity level. | ||||||||||||||||||||||||||||
| Canada | KEARL | 90,000 | 90,000 | |||||||||||||||||||||||||||||
Additional Notes3: | This consolidated report includes payments for the period of January 1, 2023 to November 30, 2023, for the following reporting entity: E188132 ExxonMobil Canada Properties This consolidated report includes payments for the period of February 1, 2023 to November 30, 2023, for E151657 ExxonMobil Canada Energy, | |||||||||||||||||||||||||||||||
(Millions of USD dollars) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvements Payments | Total | ||||||||||||||||||
| ExxonMobil Canada Investments Company Total | 26.2 | 248.2 | 4.1 | — | — | — | — | 278.5 | ||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Energy | |||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2024-01-31 | Date submitted | 2024-04-26 | ||||||||||||||
| Reporting Entity ESTMA Identification Number | E151657 | ¤ Original Submission | ||||||||||||||||||
¡ Amended Report | ||||||||||||||||||||
Other Subsidiaries Included (optional field) | ||||||||||||||||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | ||||||||||||||||||||
| Not Substituted | ||||||||||||||||||||
| Attestation by Reporting Entity | ||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Kitty Lee | Date | 2024-04-26 | |||||||||||||||||
| Position Title | Controller | |||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2024-01-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Energy | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E151657 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | |||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada -Alberta | GOVERNMENT OF ALBERTA | 30,000 | 30,000 | ||||||||||||||||||||||||||||||||
| Additional Notes: | ExxonMobil Canada Energy payments for the period February 1, 2023 to November 30, 2023 have been consolidated within its parent - ExxonMobil Canada Investments Company's ESTMA report (E872118). | ||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2024-01-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Energy | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E151657 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | ||||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | CONVENTIONAL | 30,000 | 30,000 | |||||||||||||||||||||||||||||
Additional Notes3: | ExxonMobil Canada Energy payments for the period February 1, 2023 to November 30, 2023 have been consolidated within its parent - ExxonMobil Canada Investments Company's ESTMA report (E872118). | |||||||||||||||||||||||||||||||
(Millions of USD dollars) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvements Payments | Total | ||||||||||||||||||
| ExxonMobil Canada Energy Total | — | — | 0.0 | — | — | — | — | 0.0 | ||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Properties | |||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2023-12-31 | Date submitted | 2024-04-26 | ||||||||||||||
| Reporting Entity ESTMA Identification Number | E188132 | ¤ Original Submission | ||||||||||||||||||
¡ Amended Report | ||||||||||||||||||||
Other Subsidiaries Included (optional field) | ||||||||||||||||||||
| Not Consolidated | ||||||||||||||||||||
| Not Substituted | ||||||||||||||||||||
| Attestation by Reporting Entity | ||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | ||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Kitty Lee | Date | 2024-04-26 | |||||||||||||||||
| Position Title | Controller | |||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Properties | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E188132 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | |||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada -Newfoundland and Labrador | GOVERNMENT OF NEWFOUNDLAND & LABRADOR | 10,000 | 1,010,000 | 1,020,000 | |||||||||||||||||||||||||||||||
| Canada | GOVERNMENT OF CANADA | 6,800,000 | 6,800,000 | ||||||||||||||||||||||||||||||||
| Canada -Alberta | GOVERNMENT OF ALBERTA | 780,000 | 780,000 | ||||||||||||||||||||||||||||||||
| Canada -Newfoundland and Labrador | CANADA NEWFOUNDLAND & LABRADOR OFFSHORE PETROLEUM BOARD | 3,910,000 | 3,910,000 | ||||||||||||||||||||||||||||||||
| Additional Notes: | ExxonMobil Canada Properties payments for the period January 1, 2023 to November 30, 2023 have been consolidated within its parent - ExxonMobil Canada Investments Company's ESTMA report (E872118) | ||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-12-01 | To: | 2023-12-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | ExxonMobil Canada Properties | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E188132 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | ||||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | HIBERNIA | 10,000 | 790,000 | 800,000 | ||||||||||||||||||||||||||||
| Canada | HSE | 220,000 | 220,000 | |||||||||||||||||||||||||||||
| Canada | HEBRON | 6,800,000 | 3,910,000 | 10,710,000 | ||||||||||||||||||||||||||||
| Canada | KEARL | 780,000 | 780,000 | |||||||||||||||||||||||||||||
Additional Notes3: | ExxonMobil Canada Properties payments for the period January 1, 2023 to November 30, 2023 have been consolidated within its parent - ExxonMobil Canada Investments Company's ESTMA report (E872118) | |||||||||||||||||||||||||||||||
(Millions of USD dollars) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvements Payments | Total | ||||||||||||||||||
| ExxonMobil Canada Properties Total | — | 5.2 | 4.2 | — | — | — | — | 9.4 | ||||||||||||||||||
| CountryCode | Government | PaymentType | Unit Measure | Volume | ValuationMethod | Currency | Amount | Company Name | CompanyNumber | Notes | Report Name | ReportEndDate | Version | ReportNotes | FilingDate | ||||||||||||||||||||||||||||||||
| GBR | HM REVENUE & CUSTOMS | Tax | 0 | GBP | 47145949 | Esso Exploration and Production UK Limited | 207426 | Extractives Report | 12/31/2023 | 1 | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | |||||||||||||||||||||||||||||||||||
| Government | CountryCode | Amount | Currency | CompanyName | CompanyNumber | ReportEndDate | Version | Notes | ReportName | ReportNotes | FilingDate | ||||||||||||||||||||||||
| HM REVENUE & CUSTOMS | GBR | 47145949 | GBP | Esso Exploration and Production UK Limited | 207426 | 12/31/2023 | 1 | Extractives Report | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | |||||||||||||||||||||||||
| ProjectCode | ProjectName | CountryCodeList | PaymentType | Unit Measure | Volume | Valuation Method | Currency | Amount | CompanyName | CompanyNumber | Notes | Report Name | ReportEndDate | Version | ReportNotes | FilingDate | ||||||||||||||||||||||||||||||||||
| GB001 | CENTRAL & NORTHERN NORTH SEA | GBR | Tax | 0 | GBP | -47985696 | Esso Exploration and Production UK Limited | 207426 | ExxonMobil previously divested its interest in the Fulmar field. In 2023 ExxonMobil received a Petroleum Revenue Tax refund amounting to £17.1M which was subsequently passed on to the new owners net of any associated tax liability. | Extractives Report | 12/31/2023 | 1 | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | ||||||||||||||||||||||||||||||||||||
| GB002 | SOUTHERN NORTH SEA | GBR | Tax | 0 | GBP | -2181879 | Esso Exploration and Production UK Limited | 207426 | Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years. | Extractives Report | 12/31/2023 | 1 | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | ||||||||||||||||||||||||||||||||||||
| GB003 | Esso Exploration and Production UK Limited | GBR | Tax | 0 | GBP | 97313524 | Esso Exploration and Production UK Limited | 207426 | Extractives Report | 12/31/2023 | 1 | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | |||||||||||||||||||||||||||||||||||||
| ProjectName | ProjectCode | Amount | Currency | Company Name | CompanyNumber | ReportEndDate | Version | Notes | ReportName | ReportNotes | FilingDate | ||||||||||||||||||||||||
| CENTRAL & NORTHERN NORTH SEA | GB001 | -47985696 | GBP | Esso Exploration and Production UK Limited | 207426 | 12/31/2023 | 1 | ExxonMobil previously divested its interest in the Fulmar field. In 2023 ExxonMobil received a Petroleum Revenue Tax refund amounting to £17.1M which was subsequently passed on to the new owners net of any associated tax liability. | Extractives Report | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | ||||||||||||||||||||||||
| SOUTHERN NORTH SEA | GB002 | -2181879 | GBP | Esso Exploration and Production UK Limited | 207426 | 12/31/2023 | 1 | Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years. | Extractives Report | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | ||||||||||||||||||||||||
| ESSO EXPLORATION AND PRODUCTION UK LIMITED | GB003 | 97313524 | GBP | Esso Exploration and Production UK Limited | 207426 | 12/31/2023 | 1 | Extractives Report | All of the entities' interests in the UK are operated by others. Payments are reported at an appropriate project level except for payments that are not attributable to a specific project which are reported at entity level. | 3-Jun-24 | |||||||||||||||||||||||||
(Millions of USD dollars) | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvements Payments | Total | ||||||||||||||||||
| Esso Exploration and Production UK Limited Total | 57.3 | — | — | — | — | — | — | 57.3 | ||||||||||||||||||