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) April 26, 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 April 26, 2007, announcing first quarter 2007 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 1Q07 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.












































-2-










SIGNATURE





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




EXXON MOBIL CORPORATION



Date: April 26, 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 April 26, 2007, announcing first quarter 2007 results.


99.2

1Q07 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k Press Release



EXHIBIT 99.1

 

News Release

[r8k1q07991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, APRIL 26, 2007

 

 

 


EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

FIRST QUARTER 2007 RESULTS

 



 

 

 

 

First Quarter

 

 

 

 

 

2007

2006

%

Net Income

 

 

 

 

 

 

   $ Millions

 

 

 

9,280

8,400

10

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

 

 

 

1.62

1.37

18

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

 

 

 

0

0

 

 

 

 

 

 

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

 

 

 

9,280

8,400

10

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

 

 

 

1.62

1.37

18

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

 

 

 

4,275

4,824

 



EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:

 

"ExxonMobil's first quarter net income was $9,280 million, up 10% from the first quarter of 2006.  Higher refining, marketing and chemical margins were partly offset by a decrease in crude oil and natural gas realizations.

 

In the first quarter, ExxonMobil continued to actively invest, bringing additional crude oil, finished products and natural gas to market.  Spending on capital and exploration projects totaled $4.3 billion in the first quarter.  






The Corporation distributed a total of $8.8 billion to shareholders in the first quarter through dividends of $1.8 billion and share purchases to reduce shares outstanding of $7.0 billion, an increase of 26% versus the first quarter of 2006."


 

FIRST QUARTER HIGHLIGHTS

 

·

Net income was $9,280 million, an increase of 10% or $880 million from the first quarter of 2006.

 

 

·

Spending on capital and exploration projects was $4.3 billion.

 

·

Excluding cumulative entitlement and divestment impacts, as well as OPEC quota effects, liquids production increased by 7%.

 

·

Cash flow from operations and asset sales was approximately $14.8 billion, including asset sales of $0.5 billion.

 

·

Earnings per share excluding special items were $1.62, an increase of 18%, reflecting strong earnings and the benefits of the share repurchase program.

 

·

Share purchases of $7.0 billion reduced shares outstanding by 1.7%.

 

·

ExxonMobil signed contracts for the Fujian Refining and Ethylene Joint Venture Project and the Fujian Fuels Marketing Joint Venture Project.  The two joint ventures, with a total investment of about $5 billion, are the first fully integrated refining, petrochemicals and fuels marketing projects with foreign participation in China.     

 



-2-



First Quarter 2007 vs. First Quarter 2006

 

Upstream earnings were $6,041 million, down $342 million from the first quarter of 2006 primarily reflecting lower realizations and decreased natural gas volumes driven by lower European demand.

 

On an oil-equivalent basis, production decreased by 3% from the first quarter of 2006.  Excluding the cumulative impact of entitlements and divestments, as well as OPEC quota effects, production was up almost 1%.

 

Liquids production of 2,747 kbd (thousands of barrels per day) was 49 kbd higher.  Increased production from projects in West Africa, Russia and the Middle East were partly offset by mature field decline and the cumulative impact of entitlements and divestments.  Excluding cumulative entitlement and divestment effects, as well as OPEC quota impacts, liquids production increased by 7%.

 

First quarter natural gas production was 10,131 mcfd (millions of cubic feet per day) compared with 11,175 mcfd last year.  The impact of mature field decline and the reduction of European demand by about 1,400 mcfd due to weather were partly offset by higher volumes from projects in Qatar.

 

Earnings from U.S. Upstream operations were $1,177 million, $103 million lower than the first quarter of 2006.  Non-U.S. Upstream earnings were $4,864 million, down $239 million from 2006.

 

Downstream earnings were $1,912 million, up $641 million from the first quarter 2006, driven by higher refining and marketing margins and improved refinery throughput.  Petroleum product sales were 7,198 kbd, 21 kbd higher than last year's first quarter.

 

U.S. Downstream earnings were $839 million, up $160 million from the first quarter of 2006.  Non-U.S. Downstream earnings of $1,073 million were $481 million higher.

 



-3-



 

 

Chemical earnings were $1,236 million, up $287 million from the first quarter of 2006 due to improved margins.  Prime product sales of 6,805 kt (thousands of metric tons) in the first quarter of 2007 were down 111 kt from the prior year.

 

Corporate and financing earnings were $91 million, up $294 million, mainly due to tax items.

 

During the first quarter of 2007, Exxon Mobil Corporation purchased 108 million shares of its common stock for the treasury at a gross cost of $8.0 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 5,729 million at the end of the fourth quarter to 5,633 million at the end of the first 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-



 ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on April 26, 2007.  To listen to the event live or in archive, go to our website at "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 2006 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 32 and 33 in the 2006 Form 10-K and is also available through the Investor Information section of our website at "exxonmobil.com".

 



-5-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2007

 

 

(millions of dollars, unless noted)

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2007

2006

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

 

 

 

87,223

88,980

 

 

Total costs and other deductions

 

 

 

71,159

73,521

 

 

Income before income taxes

 

 

 

16,064

15,459

 

 

Income taxes

 

 

 

6,784

7,059

 

 

Net income (U.S. GAAP)

 

 

 

9,280

8,400

 

 

 

 

 

 

 

 

 

 

Net income per common share (dollars)

 

 

 

1.64

1.38

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

 

 

 

1.62

1.37

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

 

 

 

1,825

1,957

 

 

Per common share (dollars)

 

 

 

0.32

0.32

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At March 31

 

 

 

5,633

6,050

 

 

Average - assuming dilution

 

 

 

5,714

6,126

 

 

 

 

 

 

 

 

 

 

Shareholders' equity at March 31

 

 

 

114,110

112,463

 

 

Capital employed at March 31

 

 

 

124,266

122,286

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

6,784

7,059

 

 

Sales-based taxes

 

 

 

7,284

7,664

 

 

All other taxes

 

 

 

10,408

9,747

 

 

Total taxes

 

 

 

24,476

24,470

 

 

 

 

 

 

 

 

 

 

ExxonMobil's share of income taxes

 

 

 

 

 

 

 

of equity companies

 

 

 

573

521

 

 

 

 

 

 

 

 

 




-6-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2007

 

 

(millions of dollars)

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2007

2006

 

 

Net Income (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

1,177

1,280

 

 

Non-U.S.

 

 

 

4,864

5,103

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

839

679

 

 

Non-U.S.

 

 

 

1,073

592

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

346

329

 

 

Non-U.S.

 

 

 

890

620

 

 

Corporate and financing

 

 

 

91

(203)

 

 

Corporate total

 

 

 

9,280

8,400

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

0

0

 

 

Non-U.S.

 

 

 

0

0

 

 

Corporate and financing

 

 

 

0

0

 

 

Corporate total

 

 

 

0

0

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

1,177

1,280

 

 

Non-U.S.

 

 

 

4,864

5,103

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

839

679

 

 

Non-U.S.

 

 

 

1,073

592

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

346

329

 

 

Non-U.S.

 

 

 

890

620

 

 

Corporate and financing

 

 

 

91

(203)

 

 

Corporate total

 

 

 

9,280

8,400

 

 

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

 

 

 

 

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

 

 

 

14.3

14.6

 

 

Sales of subsidiaries, investments and property, plant and equipment

 

 

 

0.5

0.4

 

 

Cash flow from operations and asset sales

 

 

 

14.8

15.0

 



-7-



 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2007

2006

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

 

 

 

417

442

 

 

Canada

 

 

 

297

332

 

 

Europe

 

 

 

523

563

 

 

Africa

 

 

 

782

741

 

 

Asia Pacific/Middle East

 

 

 

508

467

 

 

Russia/Caspian

 

 

 

186

114

 

 

Other

 

 

 

34

39

 

 

Worldwide

 

 

 

2,747

2,698

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

 

 

 

1,529

1,690

 

 

Canada

 

 

 

774

882

 

 

Europe

 

 

 

4,611

5,970

 

 

Asia Pacific/Middle East

 

 

 

2,998

2,462

 

 

Russia/Caspian

 

 

 

116

82

 

 

Other

 

 

 

103

89

 

 

Worldwide

 

 

 

10,131

11,175

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd)1

 

 

 

4,436

4,560

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 




-8-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2007

2006

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

 

 

 

1,798

1,716

 

 

Canada

 

 

 

441

486

 

 

Europe

 

 

 

1,641

1,645

 

 

Asia Pacific

 

 

 

1,504

1,465

 

 

Other

 

 

 

321

236

 

 

Worldwide

 

 

 

5,705

5,548

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)1

 

 

 

 

 

 

 

United States

 

 

 

2,774

2,651

 

 

Canada

 

 

 

449

484

 

 

Europe

 

 

 

1,812

1,797

 

 

Asia Pacific

 

 

 

1,428

1,527

 

 

Other

 

 

 

735

718

 

 

Worldwide

 

 

 

7,198

7,177

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

 

 

 

2,858

2,735

 

 

Heating oils, kerosene, diesel

 

 

 

2,220

2,244

 

 

Aviation fuels

 

 

 

633

634

 

 

Heavy fuels

 

 

 

701

685

 

 

Specialty products

 

 

 

786

879

 

 

Worldwide

 

 

 

7,198

7,177

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

 

 

 

2,731

2,620

 

 

Non-U.S.

 

 

 

4,074

4,296

 

 

Worldwide

 

 

 

6,805

6,916

 

 

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

 

 

 

 

 

 

 

 

 




-9-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FIRST QUARTER 2007

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2007

2006

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

 

 

 

466

548

 

 

Non-U.S.

 

 

 

3,003

3,539

 

 

Total

 

 

 

3,469

4,087

 

 

Downstream

 

 

 

 

 

 

 

United States

 

 

 

212

162

 

 

Non-U.S.

 

 

 

319

419

 

 

Total

 

 

 

531

581

 

 

Chemical

 

 

 

 

 

 

 

United States

 

 

 

84

63

 

 

Non-U.S.

 

 

 

188

81

 

 

Total

 

 

 

272

144

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

3

12

 

 

 

 

 

 

 

 

 

 

Worldwide

 

 

 

4,275

4,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

 

 

 

89

63

 

 

Non-U.S.

 

 

 

179

214

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

 

 

 

1

0

 

 

Non-U.S.

 

 

 

2

3

 

 

Worldwide

 

 

 

271

280

 

 

 

 

 

 

 

 

 




-10-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

NET INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

$ Per Common Share

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

2007

 

 

 

 

 

First Quarter

9,280

 

1.64

 

 

 

 

 

 

 




-11-


Exxon Mobil Corporation 8-k 99.2



EXHIBIT 99.2

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 6)

 

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

1Q07

4Q06

3Q06

2Q06

1Q06

Upstream

  United States

1,177 

1,052 

1,192 

1,644 

1,280 

  Non-U.S.

4,864 

5,168 

5,301 

5,490 

5,103 

  Total

6,041 

6,220 

6,493 

7,134 

6,383 

Downstream

  United States

839 

945 

1,272 

1,354 

679 

  Non-U.S.

1,073 

1,015 

1,466 

1,131 

592 

  Total

1,912 

1,960 

2,738 

2,485 

1,271 

Chemical

  United States

346 

384 

458 

189 

329 

  Non-U.S.

890 

858 

893 

651 

620 

  Total

1,236 

1,242 

1,351 

840 

949 

 

 

 

 

 

 

Corporate and financing

91 

828 

(92)

(99)

(203)

Net income (U.S. GAAP)

9,280 

10,250 

10,490 

10,360 

8,400 

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

1.64 

1.77 

1.79 

1.74 

1.38 

Net income per common share

 - assuming dilution (U.S. GAAP)

1.62 

1.76 

1.77 

1.72 

1.37 

 

 

 

 

 

 

Special Items $M

Upstream

  United States

  Non-U.S.

  Total

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

  Total

 

 

 

 

 

 

Corporate and financing

410 

Corporate total

410 

 

Earnings Excluding Special Items $M

Upstream

  United States

1,177 

1,052 

1,192 

1,644 

1,280 

  Non-U.S.

4,864 

5,168 

5,301 

5,490 

5,103 

  Total

6,041 

6,220 

6,493 

7,134 

6,383 

Downstream

 

 

 

 

 

  United States

839 

945 

1,272 

1,354 

679 

  Non-U.S.

1,073 

1,015 

1,466 

1,131 

592 

  Total

1,912 

1,960 

2,738 

2,485 

1,271 

Chemical

  United States

346 

384 

458 

189 

329 

  Non-U.S.

890 

858 

893 

651 

620 

  Total

1,236 

1,242 

1,351 

840 

949 

 

 

 

 

 

 

Corporate and financing

91 

418 

(92)

(99)

(203)

Corporate total

9,280 

9,840 

10,490 

10,360 

8,400 

EPS excluding Special Items - assuming dilution

1.62

1.69

1.77

1.72

1.37

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 6)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

1Q07

4Q06

3Q06

2Q06

1Q06

natural gas liquids, kbd

  United States

417 

404 

378 

435 

442 

  Canada

297 

316 

303 

300 

332 

  Europe

523 

516 

490 

511 

563 

  Africa

782 

772 

801 

808 

741 

  Asia Pacific/Middle East

508 

487 

507 

481 

467 

  Russia/Caspian

186 

144 

125 

125 

114 

  Other

34 

39 

43 

42 

39 

Total liquids production

2,747 

2,678 

2,647 

2,702 

2,698 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

1,529 

1,588 

1,567 

1,656 

1,690 

  Canada

774 

818 

864 

841 

882 

  Europe

4,611 

4,108 

2,833 

3,466 

5,970 

  Asia Pacific/Middle East

2,998 

2,601 

2,703 

2,616 

2,462 

  Russia/Caspian

116 

110 

91 

85 

82 

  Other

103 

76 

81 

90 

89 

Total natural gas production available for sale

10,131 

9,301 

8,139 

8,754 

11,175 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,436 

4,228 

4,004 

4,161 

4,560 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,798 

1,837 

1,766 

1,720 

1,716 

  Canada

441 

456 

461 

366 

486 

  Europe

1,641 

1,616 

1,721 

1,707 

1,645 

  Asia Pacific

1,504 

1,474 

1,484 

1,312 

1,465 

  Other Non-U.S.

321 

315 

324 

302 

236 

Total refinery throughput

5,705 

5,698 

5,756 

5,407 

5,548 

 

 

 

 

 

 

Petroleum product sales, kbd (1)

  United States

2,774 

2,851 

2,725 

2,689 

2,651 

  Canada

449 

483 

475 

451 

484 

  Europe

1,812 

1,779 

1,825 

1,852 

1,797 

  Asia Pacific

1,428 

1,530 

1,482 

1,303 

1,527 

  Other Non-U.S.

735 

804 

795 

765 

718 

Total petroleum product sales

7,198 

7,447 

7,302 

7,060 

7,177 

 

 

 

 

 

 

  Gasolines, naphthas

2,858 

2,952 

2,898 

2,875 

2,735 

  Heating oils, kerosene, diesel

2,220 

2,303 

2,160 

2,055 

2,244 

  Aviation fuels

633 

652 

687 

632 

634 

  Heavy fuels

701 

677 

703 

665 

685 

  Specialty products

786 

863 

854 

833 

879 

Total petroleum product sales

7,198 

7,447 

7,302 

7,060 

7,177 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,731 

 2,775 

 2,680 

 2,628 

 2,620 

  Non-U.S.

4,074 

4,052 

4,072 

4,227 

4,296 

Total chemical prime product sales

 6,805 

 6,827 

 6,752 

 6,855 

 6,916 

 

 

 

 

 

 

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

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 6)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

1Q07

4Q06

3Q06

2Q06

1Q06

United States

  ExxonMobil

    Crude ($/b)

50.59

51.26

62.07

63.46

55.99

    Natural Gas ($/kcf)

6.70

6.22

6.71

6.40

8.22

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

57.99

59.95

70.38

70.36

63.28

    ANS-WC ($/b)

55.69

55.51

68.95

68.74

60.87

   Henry Hub ($/mbtu)

6.77

6.56

6.58

6.80

9.01

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

55.31

56.36

65.64

65.16

57.05

    Natural Gas ($/kcf)

6.60

7.28

6.51

6.70

7.42

    European NG ($/kcf)

7.72

8.57

7.74

7.73

8.04

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

57.75

59.74

69.49

69.62

61.75

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 466 

 713 

 606 

 619 

 548 

  Non-U.S.

3,003 

3,357 

3,536 

3,313 

3,539 

  Total

 3,469 

 4,070 

 4,142 

 3,932 

 4,087 

Downstream

  United States

 212 

 197 

 215 

 250 

 162 

  Non-U.S.

319 

551 

443 

492 

419 

  Total

 531 

 748 

 658 

 742 

 581 

Chemical

  United States

 84 

 78 

 75 

 64 

 63 

  Non-U.S.

188 

153 

120 

122 

81 

  Total

 272 

 231 

 195 

 186 

 144 

Other

 3 

 20 

 66 

 41 

 12 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 4,275 

 5,069 

 5,061 

 4,901 

 4,824 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

89 

59 

85 

36 

63 

                            - Non-U.S.

179 

314 

263 

134 

214 

  Non-consolidated - ExxonMobil share - United States

                                                                       - Non-U.S.

Total Exploration Expense Charged to Income

271 

379 

350 

170 

280 

 

 

 

 

 

 

Effective Income Tax Rate, %

44%

37%

44%

44%

47%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 5,633 

 5,729 

 5,832 

 5,945 

 6,050 

  Average - assuming dilution

 5,714 

 5,816 

 5,922 

 6,030 

 6,126 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

34.6 

32.8 

37.3 

36.7 

36.5 

  Including restricted cash $4.6G

 

 

 

 

 

 

Total Debt ($G)

8.8 

8.3 

8.6 

8.4 

8.0 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 14.3 

 8.8 

 14.6 

 11.3 

 14.6 

  Sales of subsidiaries, investments and PP&E

0.5 

0.8 

0.8 

1.1 

0.4 

  Cash flows from operations and asset sales

 14.8 

 9.6 

 15.4 

 12.4 

 15.0 

 

 

 

 

 

 

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

first quarter of 2007.  Volumes and realizations may be adjusted when full statements on joint venture operations are

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




EXXON MOBIL CORPORATION

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 6)

 

Upstream Earnings Reconciliations

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EXXON MOBIL CORPORATION

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 6)

 

Downstream Earnings Reconciliations

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EXXON MOBIL CORPORATION

 

1Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 6)

 

Chemical Earnings Reconciliations

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