Exxon Mobil Corporation 8-K






UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K



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




Date of Report (Date of earliest event reported) February 1, 2007


Exxon Mobil Corporation

(Exact name of registrant as specified in its charter)




New Jersey

1-2256

13-5409005

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)




5959 LAS COLINAS BOULEVARD, IRVING, TEXAS 75039-2298

          (Address of principal executive offices)                                            (Zip Code)



 (Registrant’s telephone number, including area code): (972) 444-1000





 

 

 

 

(Former name or former address, if changed since last report)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))











Item 7.01

Regulation FD Disclosure

Item 2.02

Results of Operations and Financial Condition



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


The Registrant hereby furnishes the information set forth in its News Release, dated February 1, 2007, announcing fourth quarter 2006 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 4Q06 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: February 1, 2007

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 February 1, 2007, announcing fourth quarter 2006 results.


99.2

4Q06 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k Press Release

EXHIBIT 99.1

 

News Release

[r8k4q07991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, FEBRUARY 1, 2007

 

 

 



EXXON MOBIL CORPORATION ANNOUNCES

ESTIMATED RECORD 2006 RESULTS




 

Fourth Quarter

 

Twelve Months

 

 

2006

2005

%

2006

2005

%

Net Income

 

 

 

 

 

 

   $ Millions

10,250

10,710

-4

39,500

36,130

9

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.76

1.71

3

6.62

5.71

16

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

410

390

 

410

2,270

 

 

 

 

 

 

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

9,840

10,320

-5

39,090

33,860

15

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.69

1.65

2

6.55

5.35

22

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

5,069

5,331

 

19,855

17,699

 




EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


"Full year 2006 earnings excluding special items were a record $39,090 million driven by strong results in every business segment.


ExxonMobil continued to leverage its globally diverse resource base to bring additional crude oil and natural gas to market.  In 2006, spending on capital and exploration projects was $19.9 billion, an increase of 12% over 2005.  The results of our long-term



investment program yielded an additional 172 thousand oil-equivalent barrels per day of production, a 4% increase over 2005.

 

The Corporation distributed a total of $32.6 billion to shareholders in 2006 through dividends and share purchases to reduce shares outstanding, an increase of 41% or $9.4 billion versus 2005.


ExxonMobil's fourth quarter earnings excluding special items were $9,840 million, down 5% from fourth quarter 2005.  Lower natural gas realizations and refining margins were partly offset by higher crude oil realizations and improved chemical margins.  Net income for the fourth quarter was down 4% from 2005."



FOURTH QUARTER HIGHLIGHTS


·

Earnings excluding special items were $9,840 million, a decrease of 5% or $480 million from the fourth quarter of 2005.


·

Net income of $10,250 million was down 4% and includes a special tax-related benefit of $410 million.  Fourth quarter 2005 net income included a special litigation gain of $390 million.


·

Spending on capital and exploration projects was $5.1 billion, a decrease of 5% versus 2005.


·

Excluding entitlement and divestment impacts, liquids production increased by 6%.


·

Cash flow from operations and asset sales was approximately $9.6 billion, including asset sales of $0.8 billion and $2.4 billion in contributions to the U.S. pension plan.


·

Earnings per share excluding special items were $1.69, an increase of 2%, reflecting strong earnings and the continuing reduction in the number of shares outstanding.


·

Production commenced from the Dalia field in Angola.  Dalia is estimated to contain nearly 1 billion barrels (gross) of recoverable reserves and is expected to reach peak production of about 225 kbd (gross) in the first quarter of 2007.


·

Early production of LNG began at Train 5 in the RasGas Joint Venture in Qatar.  Initial operations started up only 29 months after the contract award.  Completion of the offshore facilities that will supply natural gas to Train 5 on a long-term basis is anticipated by the end of the first quarter 2007.  Train 5 is designed to produce 4.7 million tons per year of LNG for anticipated delivery to markets in Asia and Europe.




-2-


Fourth Quarter 2006 vs. Fourth Quarter 2005


Upstream earnings were $6,220 million, down $818 million from the fourth quarter of 2005 primarily reflecting lower natural gas realizations and decreased volumes driven by lower European demand.


On an oil-equivalent basis, production decreased by 1% from the fourth quarter of 2005.  Excluding the impact of divestments and entitlements, production increased 2%.


Liquids production of 2,678 kbd (thousands of barrels per day) was 49 kbd higher.  Higher production from projects in West Africa and increased Abu Dhabi volumes were partly offset by mature field decline, and the impact of entitlements and divestments.  Excluding entitlement and divestment effects, liquids production increased by 6%.


Fourth quarter natural gas production was 9,301 mcfd (millions of cubic feet per day) compared with 9,822 mcfd last year.  Lower European demand and the impact of mature field decline were partly offset by higher volumes from projects in Qatar and the absence of 2005 hurricane effects.


Earnings from U.S. Upstream operations were $1,052 million, $735 million lower than the fourth quarter of 2005.  Non-U.S. Upstream earnings excluding special items were $5,168 million, down $83 million from 2005.


Downstream earnings were $1,960 million, down $430 million from the fourth quarter 2005, as lower refining and marketing margins more than offset the earnings benefit related to our continuing efforts to efficiently manage inventories.  Petroleum product sales were 7,447 kbd, 145 kbd lower than last year's fourth quarter, primarily due to divestments.


U.S. Downstream earnings were $945 million, down $213 million.  Non-U.S. Downstream earnings of $1,015 million were $217 million lower than the fourth quarter of 2005.




-3-




Chemical earnings excluding special items were $1,242 million, up $407 million from the fourth quarter of 2005 due to improved margins and higher volumes.  Prime product sales of 6,827 kt (thousands of metric tons) in the fourth quarter of 2006 were up 535 kt from the prior year.


Corporate and financing earnings excluding special items were $418 million, up $361 million, mainly due to tax items.


During the fourth quarter of 2006, Exxon Mobil Corporation purchased 115 million shares of its common stock for the treasury at a gross cost of $8.4 billion.  These purchases included $7.0 billion to reduce the number of shares outstanding and the balance to offset shares issued in conjunction with the company's benefit plans and programs.  Shares outstanding were reduced from 5,832 million at the end of the third quarter to 5,729 million at the end of the fourth quarter.  Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time without prior notice.





-4-


Full Year 2006 vs. Full Year 2005


Net income of $39,500 million ($6.62 per share) was a record and increased $3,370 million from 2005.  Net income for 2006 included a special item of $410 million for a tax-related benefit.  Net income for 2005 included special items totaling a gain of $2,270 million.  Excluding these impacts, earnings for 2006 increased by $5,230 million.



FULL YEAR HIGHLIGHTS


·

Earnings excluding special items were a record $39,090 million, an increase of 15% reflecting ExxonMobil's continuing strong performance across all business segments.


·

Earnings per share excluding special items increased by 22% due to strong earnings and the continuing reduction in the number of shares outstanding.


·

Net income was up 9%.  Net income for 2006 included a special gain of $410 million for a tax-related benefit.  Net income for 2005 included a $1,620 million special gain related to the restructuring of the Corporation's interest in the Dutch gas transportation business, a $460 million positive impact from the sale of the Corporation's interest in Sinopec, a $390 million litigation gain and a $200 million litigation charge.


·

Cash flow from operations and asset sales was approximately $52.4 billion, including $3.1 billion from asset sales.


·

The Corporation distributed a total of $32.6 billion to shareholders in 2006 through dividends and share purchases to reduce shares outstanding, an increase of $9.4 billion versus 2005.


·

Capital and exploration expenditures were $19.9 billion, an increase of $2.2 billion versus 2005.


·

Liquids production increased 10% excluding divestment and entitlement impacts.



Upstream earnings excluding special items were $26,230 million, an increase of $3,501 million from 2005.  Higher liquids and natural gas realizations were partly offset by higher operating expenses.


On an oil-equivalent basis, production increased 4% from last year.  Excluding divestment and entitlement effects, production increased by 7%.


Liquids production of 2,681 kbd increased by 158 kbd from 2005.  Higher production from projects in West Africa and increased Abu Dhabi volumes were partly offset by mature field decline, entitlement effects and divestment impacts.  Excluding entitlement effects and divestments, liquids production increased 10%.



-5-


Natural gas production of 9,334 mcfd, increased 83 mcfd from 2005.  Higher volumes from projects in Qatar were partly offset by mature field decline.


Earnings from U.S. Upstream operations for 2006 were $5,168 million, a decrease of $1,032 million.  Earnings outside the U.S., excluding special items, were $21,062 million, $4,533 million higher than 2005.


Downstream earnings excluding special items were $8,454 million, an increase of $572 million from 2005 reflecting stronger worldwide refining margins and marketing margins, partly offset by lower refining throughput.  Petroleum product sales of 7,247 kbd decreased from 7,519 kbd in 2005, primarily due to lower refining throughput and divestments.


U.S. Downstream earnings excluding special items were $4,250 million, up $139 million.  Non-U.S. Downstream earnings excluding special items were $4,204 million, $433 million higher than last year.


Chemical earnings excluding special items were $4,382 million, up $979 million from 2005.  Margins and volumes were both higher.  Prime product sales were 27,350 kt, up 573 kt from 2005.


Corporate and financing earnings excluding special items were $24 million, an increase of $178 million, mainly due to higher interest income.


Gross share purchases in 2006 were $29.6 billion which reduced shares outstanding by 6.6%.


Estimates of key financial and operating data follow.  Financial data, except per share amounts, are expressed in either millions or billions of dollars.







-6-


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on February 1, 2007.  To listen to the event live or in archive, go to our website at "www.exxonmobil.com".



Statements in this release relating to future plans, projections, events, or conditions are forward-looking statements.  Actual results, including project plans and related expenditures, resource recoveries, timing, and capacities, could differ materially due to changes in long-term oil or gas prices or other market conditions affecting the oil and gas industry; political events or disturbances; reservoir performance; the outcome of commercial negotiations; potential liability resulting from pending or future litigation; wars and acts of terrorism or sabotage; changes in technical or operating conditions; and other factors discussed under the heading "Factors Affecting Future Results" on our website and in Item 1A of ExxonMobil's 2005 Form 10-K.  We assume no duty to update these statements as of any future date.


Consistent with previous practice this press release includes both net income and earnings excluding special items.  Earnings that exclude special items are a non-GAAP financial measure and are included to help facilitate comparisons of base business performance across periods.  A reconciliation to net income is shown in Attachment II.  The release also includes cash flow from operations and asset sales.  Because of the regular nature of our asset management and divestment program, we believe it is useful for investors to consider sales proceeds together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities.  Calculation of this cash flow is shown in Attachment II.  Further information on ExxonMobil's frequently used financial and operating measures is contained on pages 28 and 29 in the 2005 Form 10-K and is also available through the Investor Information section of our website at "www.exxonmobil.com".




-7-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2006

 

 

(millions of dollars, unless noted)

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2006

2005

 

2006

2005

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income1

90,028

99,344

 

377,635

370,680

 

 

Total costs and other deductions1

74,467

81,626

 

310,233

311,248

 

 

Income before income taxes

15,561

17,718

 

67,402

59,432

 

 

Income taxes

5,311

7,008

 

27,902

23,302

 

 

Net income (U.S. GAAP)

10,250

10,710

 

39,500

36,130

 

 

 

 

 

 

 

 

 

 

Net income per common share (dollars)

1.77

1.72

 

6.68

5.76

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

1.76

1.71

 

6.62

5.71

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

1,853

1,795

 

7,628

7,185

 

 

Per common share (dollars)

0.32

0.29

 

1.28

1.14

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At December 31

 

 

 

5,729

6,133

 

 

Average - assuming dilution

5,816

6,211

 

5,970

6,322

 

 

 

 

 

 

 

 

 

 

Shareholders' equity at December 31

 

 

 

113,844

111,186

 

 

Capital employed at December 31

 

 

 

123,855

121,291

 

 

 

 

 

 

 

 

 

 

Income taxes

5,311

7,008

 

27,902

23,302

 

 

Sales-based taxes

6,742

7,829

 

30,381

30,742

 

 

All other taxes

10,820

10,871

 

42,393

44,571

 

 

Total taxes

22,873

25,708

 

100,676

98,615

 

 

 

 

 

 

 

 

 

 

ExxonMobil's share of income taxes

 

 

 

 

 

 

 

of equity companies

609

466

 

1,920

2,226

 

 

 

 

 

 

 

 

 

 

1 Fourth quarter 2005 included $7,704 million and twelve months of 2005 included $30,810 million for
  purchases/sales contracts with the same counterparty.  These transactions are reported on a net basis in
  2006.

 

 

 

 

 

 

 

 

 




-8-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2006

 

 

(millions of dollars)

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2006

2005

 

2006

2005

 

 

Net Income (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,052

1,787

 

5,168

6,200

 

 

Non-U.S.

5,168

5,251

 

21,062

18,149

 

 

Downstream

 

 

 

 

 

 

 

United States

945

1,158

 

4,250

3,911

 

 

Non-U.S.

1,015

1,232

 

4,204

4,081

 

 

Chemical

 

 

 

 

 

 

 

United States

384

281

 

1,360

1,186

 

 

Non-U.S.

858

944

 

3,022

2,757

 

 

Corporate and financing

828

57

 

434

(154)

 

 

Corporate total

10,250

10,710

 

39,500

36,130

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

1,620

 

 

Downstream

 

 

 

 

 

 

 

United States

0

0

 

0

(200)

 

 

Non-U.S.

0

0

 

0

310

 

 

Chemical

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

390

 

0

540

 

 

Corporate and financing

410

0

 

410

0

 

 

Corporate total

410

390

 

410

2,270

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,052

1,787

 

5,168

6,200

 

 

Non-U.S.

5,168

5,251

 

21,062

16,529

 

 

Downstream

 

 

 

 

 

 

 

United States

945

1,158

 

4,250

4,111

 

 

Non-U.S.

1,015

1,232

 

4,204

3,771

 

 

Chemical

 

 

 

 

 

 

 

United States

384

281

 

1,360

1,186

 

 

Non-U.S.

858

554

 

3,022

2,217

 

 

Corporate and financing

418

57

 

24

(154)

 

 

Corporate total

9,840

10,320

 

39,090

33,860

 

 

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

 

 

 

 

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

8.8

10.5

 

49.3

48.2

 

 

Sales of subsidiaries, investments and property, plant and equipment

0.8

1.4

 

3.1

6.0

 

 

Cash flow from operations and asset sales

9.6

11.9

 

52.4

54.2

 




-9-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2006

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2006

2005

 

2006

2005

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

404

431

 

414

477

 

 

Canada

316

356

 

312

346

 

 

Europe

516

539

 

520

546

 

 

Africa

772

795

 

781

666

 

 

Asia Pacific/Middle East

487

330

 

485

331

 

 

Russia/Caspian

144

131

 

127

107

 

 

Other

39

47

 

42

50

 

 

Worldwide

2,678

2,629

 

2,681

2,523

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

1,588

1,620

 

1,625

1,739

 

 

Canada

818

912

 

851

918

 

 

Europe

4,108

4,804

 

4,086

4,315

 

 

Asia Pacific/Middle East

2,601

2,303

 

2,596

2,114

 

 

Russia/Caspian

110

98

 

92

77

 

 

Other

76

85

 

84

88

 

 

Worldwide

9,301

9,822

 

9,334

9,251

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd)1

4,228

4,266

 

4,237

4,065

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 




-10-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2006

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2006

2005

 

2006

2005

 

 

Petroleum product sales (kbd)1

 

 

 

 

 

 

 

United States

2,851

2,816

 

2,729

2,822

 

 

Canada

483

517

 

473

498

 

 

Europe

1,779

1,863

 

1,813

1,824

 

 

Asia Pacific

1,530

1,613

 

1,461

1,561

 

 

Other

804

783

 

771

814

 

 

Worldwide

7,447

7,592

 

7,247

7,519

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,952

2,969

 

2,866

2,957

 

 

Heating oils, kerosene, diesel

2,303

2,290

 

2,191

2,230

 

 

Aviation fuels

652

626

 

651

676

 

 

Heavy fuels

677

732

 

682

689

 

 

Specialty products

863

975

 

857

967

 

 

Total

7,447

7,592

 

7,247

7,519

 

 

 

 

 

 

 

 

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,837

1,669

 

1,760

1,794

 

 

Canada

456

479

 

442

466

 

 

Europe

1,616

1,717

 

1,672

1,672

 

 

Asia Pacific

1,474

1,484

 

1,434

1,490

 

 

Other

315

303

 

295

301

 

 

Worldwide

5,698

5,652

 

5,603

5,723

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,775

2,228

 

10,703

10,369

 

 

Non-U.S.

4,052

4,064

 

16,647

16,408

 

 

Worldwide

6,827

6,292

 

27,350

26,777

 

 

1 Petroleum product sales data is reported net of purchases/sales contracts with the same counterparty.     

 

 

 

 

 

 

 

 

 




-11-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2006

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2006

2005

 

2006

2005

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

713

542

 

2,486

2,142

 

 

Non-U.S.

3,357

3,852

 

13,745

12,328

 

 

Total

4,070

4,394

 

16,231

14,470

 

 

Downstream

 

 

 

 

 

 

 

United States

197

213

 

824

753

 

 

Non-U.S.

551

535

 

1,905

1,742

 

 

Total

748

748

 

2,729

2,495

 

 

Chemical

 

 

 

 

 

 

 

United States

78

61

 

280

243

 

 

Non-U.S.

153

108

 

476

411

 

 

Total

231

169

 

756

654

 

 

 

 

 

 

 

 

 

 

Other

20

20

 

139

80

 

 

 

 

 

 

 

 

 

 

Worldwide

5,069

5,331

 

19,855

17,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

59

54

 

243

157

 

 

Non-U.S.

314

278

 

925

795

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

2

0

 

2

0

 

 

Non-U.S.

4

0

 

9

17

 

 

Worldwide

379

332

 

1,179

969

 

 

 

 

 

 

 

 

 




-12-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

NET INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share

 

 

 

 

 

 

 

2002

 

 

 

 

 

First Quarter

2,090

 

0.30

 

 

Second Quarter

2,640

 

0.40

 

 

Third Quarter

2,640

 

0.39

 

 

Fourth Quarter

4,090

 

0.60

 

 

Year

11,460

 

1.69

 

 

 

 

 

 

 

 

2003

 

 

 

 

 

First Quarter

7,040

 

1.05

 

 

Second Quarter

4,170

 

0.63

 

 

Third Quarter

3,650

 

0.55

 

 

Fourth Quarter

6,650

 

1.01

 

 

Year

21,510

 

3.24

 

 

 

 

 

 

 

 

2004

 

 

 

 

 

First Quarter

5,440

 

0.83

 

 

Second Quarter

5,790

 

0.89

 

 

Third Quarter

5,680

 

0.88

 

 

Fourth Quarter

8,420

 

1.31

 

 

Year

25,330

 

3.91

 

 

 

 

 

 

 

 

2005

 

 

 

 

 

First Quarter

7,860

 

1.23

 

 

Second Quarter

7,640

 

1.21

 

 

Third Quarter

9,920

 

1.60

 

 

Fourth Quarter

10,710

 

1.72

 

 

Year

36,130

 

5.76

 

 

 

 

 

 

 

 

2006

 

 

 

 

 

First Quarter

8,400

 

1.38

 

 

Second Quarter

10,360

 

1.74

 

 

Third Quarter

10,490

 

1.79

 

 

Fourth Quarter

10,250

 

1.77

 

 

Year

39,500

 

6.68

 

 

 

 

 

 

 




-13-


Exxon Mobil Corporation 8k 99.2



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 9)

 

Net Income (U.S. GAAP), $M

4Q06

3Q06

2Q06

1Q06

4Q05

Upstream

  United States

1,052 

1,192 

1,644 

1,280 

1,787 

  Non-U.S.

5,168 

5,301 

5,490 

5,103 

5,251 

  Total

6,220 

6,493 

7,134 

6,383 

7,038 

Downstream

  United States

945 

1,272 

1,354 

679 

1,158 

  Non-U.S.

1,015 

1,466 

1,131 

592 

1,232 

  Total

1,960 

2,738 

2,485 

1,271 

2,390 

Chemical

  United States

384 

458 

189 

329 

281 

  Non-U.S.

858 

893 

651 

620 

944 

  Total

1,242 

1,351 

840 

949 

1,225 

 

 

 

 

 

 

Corporate and financing

828 

(92)

(99)

(203)

57 

Net income (U.S. GAAP)

10,250 

10,490 

10,360 

8,400 

10,710 

Net income per common share (U.S. GAAP)

1.77 

1.79 

1.74 

1.38 

1.72 

Net income per common share

 - assuming dilution (U.S. GAAP)

1.76 

1.77 

1.72 

1.37 

1.71 

 

 

 

 

 

 

Special Items $M

Upstream

  United States

  Non-U.S.

  Total

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

390 

  Total

390 

 

 

 

 

 

 

Corporate and financing

410 

Corporate total

410 

390 

 

Earnings Excluding Special Items $M

Upstream

  United States

1,052 

1,192 

1,644 

1,280 

1,787 

  Non-U.S.

5,168 

5,301 

5,490 

5,103 

5,251 

  Total

6,220 

6,493 

7,134 

6,383 

7,038 

Downstream

 

 

 

 

 

  United States

945 

1,272 

1,354 

679 

1,158 

  Non-U.S.

1,015 

1,466 

1,131 

592 

1,232 

  Total

1,960 

2,738 

2,485 

1,271 

2,390 

Chemical

  United States

384 

458 

189 

329 

281 

  Non-U.S.

858 

893 

651 

620 

554 

  Total

1,242 

1,351 

840 

949 

835 

 

 

 

 

 

 

Corporate and financing

418 

(92)

(99)

(203)

57 

Corporate total

9,840 

10,490 

10,360 

8,400 

10,320 

EPS excluding Special Items - assuming dilution

1.69

1.77

1.72

1.37

1.65

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 9)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

4Q06

3Q06

2Q06

1Q06

4Q05

natural gas liquids, kbd

  United States

404 

378 

435 

442 

431 

  Canada

316 

303 

300 

332 

356 

  Europe

516 

490 

511 

563 

539 

  Africa

772 

801 

808 

741 

795 

  Asia Pacific/Middle East

487 

507 

481 

467 

330 

  Russia/Caspian

144 

125 

125 

114 

131 

  Other

39 

43 

42 

39 

47 

Total liquids production

2,678 

2,647 

2,702 

2,698 

2,629 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

1,588 

1,567 

1,656 

1,690 

1,620 

  Canada

818 

864 

841 

882 

912 

  Europe

4,108 

2,833 

3,466 

5,970 

4,804 

  Asia Pacific/Middle East

2,601 

2,703 

2,616 

2,462 

2,303 

  Russia/Caspian

110 

91 

85 

82 

98 

  Other

76 

81 

90 

89 

85 

Total natural gas production available for sale

9,301 

8,139 

8,754 

11,175 

9,822 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,228 

4,004 

4,161 

4,560 

4,266 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,837 

1,766 

1,720 

1,716 

1,669 

  Canada

456 

461 

366 

486 

479 

  Europe

1,616 

1,721 

1,707 

1,645 

1,717 

  Asia Pacific

1,474 

1,484 

1,312 

1,465 

1,484 

  Other Non-U.S.

315 

324 

302 

236 

303 

Total refinery throughput

5,698 

5,756 

5,407 

5,548 

5,652 

 

 

 

 

 

 

Petroleum product sales, kbd (1)

  United States

2,851 

2,725 

2,689 

2,651 

2,816 

  Canada

483 

475 

451 

484 

517 

  Europe

1,779 

1,825 

1,852 

1,797 

1,863 

  Asia Pacific

1,530 

1,482 

1,303 

1,527 

1,613 

  Other Non-U.S.

804 

795 

765 

718 

783 

Total petroleum product sales

7,447 

7,302 

7,060 

7,177 

7,592 

 

 

 

 

 

 

  Gasolines, naphthas

2,952 

2,898 

2,875 

2,735 

2,969 

  Heating oils, kerosene, diesel

2,303 

2,160 

2,055 

2,244 

2,290 

  Aviation fuels

652 

687 

632 

634 

626 

  Heavy fuels

677 

703 

665 

685 

732 

  Specialty products

863 

854 

833 

879 

975 

Total petroleum product sales

7,447 

7,302 

7,060 

7,177 

7,592 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,775 

 2,680 

 2,628 

 2,620 

 2,228 

  Non-U.S.

4,052 

4,072 

4,227 

4,296 

4,064 

Total chemical prime product sales

 6,827 

 6,752 

 6,855 

 6,916 

 6,292 

 

 

 

 

 

 

(1) All petroleum product sales data is reported net of purchases/sales contracts with the same counterparty.

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 9)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

4Q06

3Q06

2Q06

1Q06

4Q05

United States

  ExxonMobil

    Crude ($/b)

51.26

62.07

63.46

55.99

52.23

    Natural Gas ($/kcf)

6.22

6.71

6.40

8.22

11.34

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

59.95

70.38

70.36

63.28

59.99

    ANS-WC ($/b)

55.51

68.95

68.74

60.87

57.87

   Henry Hub ($/mbtu)

6.56

6.58

6.80

9.01

13.00

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

56.36

65.64

65.16

57.05

53.02

    Natural Gas ($/kcf)

7.28

6.51

6.70

7.42

6.99

    European NG ($/kcf)

8.57

7.74

7.73

8.04

7.11

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

59.74

69.49

69.62

61.75

56.90

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 713 

 606 

 619 

 548 

 542 

  Non-U.S.

3,357 

3,536 

3,313 

3,539 

3,852 

  Total

 4,070 

 4,142 

 3,932 

 4,087 

 4,394 

Downstream

  United States

 197 

 215 

 250 

 162 

 213 

  Non-U.S.

551 

443 

492 

419 

535 

  Total

 748 

 658 

 742 

 581 

 748 

Chemical

  United States

 78 

 75 

 64 

 63 

 61 

  Non-U.S.

153 

120 

122 

81 

108 

  Total

 231 

 195 

 186 

 144 

 169 

Other

 20 

 66 

 41 

 12 

 20 

           

Total Capital and Exploration Expenditures

 5,069 

 5,061 

 4,901 

 4,824 

 5,331 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

59 

85 

36 

63 

54 

                      - Non-U.S.

314 

263 

134 

214 

278 

  Non-consolidated - ExxonMobil share - United States

                                                         - Non-U.S.

Total Exploration Expense Charged to Income

379 

350 

170 

280 

332 

 

 

 

 

 

 

Effective Income Tax Rate, %

37%

44%

44%

47%

41%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 5,729 

 5,832 

 5,945 

 6,050 

 6,133 

  Average - assuming dilution

 5,816 

 5,922 

 6,030 

 6,126 

 6,211 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

32.8 

37.3 

36.7 

36.5 

33.3 

  Including restricted cash $4.6G

 

 

 

 

 

 

Total Debt ($G)

8.3 

8.6 

8.4 

8.0 

8.0 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 8.8 

 14.6 

 11.3 

 14.6 

 10.5 

  Sales of subsidiaries, investments and PP&E

0.8 

0.8 

1.1 

0.4 

1.4 

  Cash flows from operations and asset sales

 9.6 

 15.4 

 12.4 

 15.0 

 11.9 

 

 

 

 

 

 

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

fourth quarter of 2006.  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.





 


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4Q06 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 9)

 

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