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) July 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 July 26, 2007, announcing second quarter 2007 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 2Q07 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: July 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 July 26, 2007, announcing second quarter 2007 results.


99.2

2Q07 Investor Relations Data Summary.













































-4-


Exxon Mobil Corporation - 8k Press Release 99.1



 

EXHIBIT 99.1

 

News Release

[r8k2q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

THURSDAY, JULY 26, 2007

 

 

 



EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

SECOND QUARTER 2007 RESULTS




 

      Second Quarter

 

    First Half

 

 

2007

2006

%

2007

2006

%

Net Income

 

 

 

 

 

 

   $ Millions

10,260

10,360

-1

19,540

18,760

4

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.83

1.72

6

3.45

3.09

12

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

0

0

 

0

0

 

 

 

 

 

 

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

   $ Millions

10,260

10,360

-1

19,540

18,760

4

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

1.83

1.72

6

3.45

3.09

12

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

5,039

4,901

 

9,261

9,725

 



EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


"ExxonMobil's second quarter net income was $10,260 million.  Earnings per share were up 6% from the second quarter of 2006.  Lower natural gas realizations were mostly offset by higher refining, marketing and chemical margins.  Record first half net income of $19,540 million increased by 4% versus 2006 and 12% on an earnings per share basis over the first half of 2006.






ExxonMobil continued to actively invest in the second quarter, spending $5.0 billion on capital and exploration projects.  For the first half of 2007, spending on capital and exploration projects was $9.3 billion.    


The Corporation distributed a total of $9.0 billion to shareholders in the second quarter through dividends of $2.0 billion and share purchases to reduce shares outstanding of $7.0 billion, an increase of 14% versus the second quarter of 2006."



SECOND QUARTER HIGHLIGHTS



·

Net income was $10,260 million.  Earnings per share were up 6% to $1.83 reflecting the reduced number of shares outstanding.


·

Cash flow from operations and asset sales was approximately $12.5 billion, including asset sales of $1.2 billion.


·

Spending on capital and exploration projects was $5.0 billion.


·

Excluding cumulative entitlement and divestment impacts, as well as OPEC quota effects, liquids production increased by 5%.


·

ExxonMobil completed drilling the longest measured depth extended-reach drilling well in the world.  Located on Sakhalin Island offshore Eastern Russia, the record-setting well achieved a total measured depth of 37,016 feet or over seven miles.  




-2-


Second Quarter 2007 vs. Second Quarter 2006


Upstream earnings were $5,953 million, down $1,181 million from the second quarter of 2006 primarily reflecting lower gas realizations, lower gains on asset sales and the absence of prior period tax items.


On an oil-equivalent basis, production decreased by 1% from the second quarter of 2006.  Excluding the cumulative impact of entitlements and divestments, as well as OPEC quota effects, production was up nearly 4%.


Liquids production of 2,668 kbd (thousands of barrels per day) was 34 kbd lower.  Mature field decline was partly offset by increased production from projects in Russia and Qatar.  Excluding cumulative entitlement and divestment effects, as well as OPEC quota impacts, liquids production increased by 5%.


Second quarter natural gas production was 8,711 mcfd (millions of cubic feet per day) compared with 8,754 mcfd last year.  The impact of mature field decline and lower European demand was offset by higher volumes from projects in Qatar, Canada and Malaysia and the absence of planned maintenance activity in 2006.  Excluding cumulative entitlement and divestment effects natural gas production increased by nearly 1%.


Earnings from U.S. Upstream operations were $1,222 million, $422 million lower than the second quarter of 2006.  Non-U.S. Upstream earnings were $4,731 million, down $759 million from 2006.


Downstream earnings were $3,393 million, up $908 million from the second quarter of 2006, driven by higher refining and marketing margins and the sale of the Ingolstadt refinery in Germany.  Petroleum product sales were 6,974 kbd, 86 kbd lower than last year's second quarter.


U.S. Downstream earnings were $1,745 million, up $391 million from the second quarter of 2006.  Non-U.S. Downstream earnings of $1,648 million were $517 million higher.



-3-



Chemical earnings were $1,013 million, up $173 million from the second quarter of 2006 due to improved margins.  Prime product sales of 6,897 kt (thousands of metric tons) in the second quarter of 2007 were up 42 kt from the prior year.


Corporate and financing expenses of $99 million were flat with 2006.


During the second quarter of 2007, Exxon Mobil Corporation purchased 99 million shares of its common stock for the treasury at a gross cost of $8.1 billion.  These purchases included $7.0 billion to reduce the number of shares outstanding, with the balance used to offset shares issued in conjunction with the company's benefit plans and programs.  Shares outstanding were reduced from 5,633 million at the end of the first quarter to 5,546 million at the end of the second 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-


First Half 2007 vs. First Half 2006


Net income of $19,540 million ($3.45 per share) was a record and increased $780 million from 2006.  



FIRST HALF HIGHLIGHTS


·

Net income was a record $19,540 million, an increase of 4%.


·

Earnings per share increased by 12% due to strong earnings and the reduction in the number of shares outstanding.


·

Cash flow from operations and asset sales was approximately $27.3 billion, including $1.7 billion from asset sales.


·

The Corporation distributed a total of $17.8 billion to shareholders in 2007 through dividends and share purchases to reduce shares outstanding, an increase of $2.9 billion versus 2006.


·

Capital and exploration expenditures were $9.3 billion.


·

Excluding cumulative entitlement and divestment impacts, as well as OPEC quota effects, liquids production increased by 6%.



Upstream earnings were $11,994 million, a decrease of $1,523 million from 2006 due to lower liquids and natural gas realizations and lower gains from asset sales.


On an oil-equivalent basis, production decreased 2% from last year.  Excluding cumulative entitlement and divestment effects, as well as OPEC quota impacts, production increased by 2%.


Liquids production of 2,707 kbd increased by 7 kbd from 2006.  Higher production from projects in West Africa and Russia was partly offset by mature field decline.  Excluding cumulative entitlement and divestment effects, as well as OPEC quota impacts, liquids production increased 6%.


Natural gas production of 9,409 mcfd decreased 549 mcfd from 2006.  Lower volumes from mature field decline and lower European demand were partly offset by projects in Qatar, Canada and Malaysia.  



-5-



Earnings from U.S. Upstream operations for 2007 were $2,399 million, a decrease of $525 million.  Earnings outside the U.S. were $9,595 million, $998 million lower than 2006.


Downstream earnings were $5,305 million, an increase of $1,549 million from 2006 reflecting stronger worldwide refining and marketing margins and the sale of the Ingolstadt refinery in Germany.  Petroleum product sales of 7,085 kbd decreased from 7,118 kbd in 2006.


U.S. Downstream earnings were $2,584 million, up $551 million.  Non-U.S. Downstream earnings were $2,721 million, $998 million higher than last year.


Chemical earnings were $2,249 million, up $460 million from 2006 driven by higher margins.  Prime product sales were 13,702 kt, down 69 kt from 2006.


Corporate and financing expenses were $8 million, a decrease of $294 million, mainly due to favorable tax items.


Gross share purchases in 2007 were $16.0 billion which reduced shares outstanding by 3.2%.


Estimates of key financial and operating data follow.  






-6-


ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. Central time on July 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".



-7-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2007

 

 

(millions of dollars, unless noted)

 

 

 

Second Quarter

 

     First Half

 

 

 

2007

2006

 

2007

2006

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

98,350

99,034

 

185,573

188,014

 

 

Total costs and other deductions

80,422

80,830

 

151,581

154,351

 

 

Income before income taxes

17,928

18,204

 

33,992

33,663

 

 

Income taxes

7,668

7,844

 

14,452

14,903

 

 

Net income (U.S. GAAP)

10,260

10,360

 

19,540

18,760

 

 

 

 

 

 

 

 

 

 

Net income per common share (dollars)

1.85

1.74

 

3.49

3.12

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

1.83

1.72

 

3.45

3.09

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

1,961

1,926

 

3,786

3,883

 

 

Per common share (dollars)

0.35

0.32

 

0.67

0.64

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At June 30

 

 

 

5,546

5,945

 

 

Average - assuming dilution

5,620

6,030

 

5,665

6,076

 

 

 

 

 

 

 

 

 

 

Shareholders' equity at June 30

 

 

 

116,350

115,764

 

 

Capital employed at June 30

 

 

 

126,520

125,714

 

 

 

 

 

 

 

 

 

 

Income taxes

7,668

7,844

 

14,452

14,903

 

 

Sales-based taxes

7,810

8,211

 

15,094

15,875

 

 

All other taxes

10,665

11,033

 

21,073

20,780

 

 

Total taxes

26,143

27,088

 

50,619

51,558

 

 

 

 

 

 

 

 

 

 

ExxonMobil's share of income taxes

 

 

 

 

 

 

 

of equity companies

517

356

 

1,090

877

 

 

 

 

 

 

 

 

 



-8-



 

Attachment II

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2007

 

 

(millions of dollars)

 

 

 

Second Quarter

 

      First Half

 

 

 

2007

2006

 

2007

2006

 

 

Net Income (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,222

1,644

 

2,399

2,924

 

 

Non-U.S.

4,731

5,490

 

9,595

10,593

 

 

Downstream

 

 

 

 

 

 

 

United States

1,745

1,354

 

2,584

2,033

 

 

Non-U.S.

1,648

1,131

 

2,721

1,723

 

 

Chemical

 

 

 

 

 

 

 

United States

204

189

 

550

518

 

 

Non-U.S.

809

651

 

1,699

1,271

 

 

Corporate and financing

(99)

(99)

 

(8)

(302)

 

 

Corporate total

10,260

10,360

 

19,540

18,760

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Corporate and financing

0

0

 

0

0

 

 

Corporate total

0

0

 

0

0

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,222

1,644

 

2,399

2,924

 

 

Non-U.S.

4,731

5,490

 

9,595

10,593

 

 

Downstream

 

 

 

 

 

 

 

United States

1,745

1,354

 

2,584

2,033

 

 

Non-U.S.

1,648

1,131

 

2,721

1,723

 

 

Chemical

 

 

 

 

 

 

 

United States

204

189

 

550

518

 

 

Non-U.S.

809

651

 

1,699

1,271

 

 

Corporate and financing

(99)

(99)

 

(8)

(302)

 

 

Corporate total

10,260

10,360

 

19,540

18,760

 

 

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

 

 

 

 

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

11.3

11.3

 

25.6

25.9

 

 

Sales of subsidiaries, investments and property, plant and equipment

1.2

1.1

 

1.7

1.5

 

 

Cash flow from operations and asset sales

12.5

12.4

 

27.3

27.4

 

-9-


 

Attachment III

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

      First Half

 

 

 

2007

2006

 

2007

2006

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

United States

393

435

 

404

438

 

 

Canada

312

300

 

304

316

 

 

Europe

490

511

 

507

537

 

 

Africa

734

808

 

758

774

 

 

Asia Pacific/Middle East

529

481

 

518

474

 

 

Russia/Caspian

182

125

 

184

119

 

 

Other

28

42

 

32

42

 

 

Worldwide

2,668

2,702

 

2,707

2,700

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

United States

1,517

1,656

 

1,515

1,673

 

 

Canada

794

841

 

784

861

 

 

Europe

3,032

3,466

 

3,816

4,711

 

 

Asia Pacific/Middle East

3,173

2,616

 

3,086

2,540

 

 

Russia/Caspian

97

85

 

106

84

 

 

Other

98

90

 

102

89

 

 

Worldwide

8,711

8,754

 

9,409

9,958

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd)1

4,120

4,161

 

4,275

4,360

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 



-10-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2007

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

      First Half

 

 

 

2007

2006

 

2007

2006

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,592

1,720

 

1,695

1,718

 

 

Canada

410

366

 

425

426

 

 

Europe

1,621

1,707

 

1,631

1,676

 

 

Asia Pacific

1,337

1,312

 

1,420

1,388

 

 

Other

319

302

 

320

269

 

 

Worldwide

5,279

5,407

 

5,491

5,477

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)1

 

 

 

 

 

 

 

United States

2,651

2,689

 

2,712

2,670

 

 

Canada

451

451

 

450

468

 

 

Europe

1,769

1,852

 

1,791

1,824

 

 

Asia Pacific

1,345

1,303

 

1,386

1,414

 

 

Other

758

765

 

746

742

 

 

Worldwide

6,974

7,060

 

7,085

7,118

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,876

2,875

 

2,867

2,805

 

 

Heating oils, kerosene, diesel

1,995

2,055

 

2,107

2,149

 

 

Aviation fuels

622

632

 

627

633

 

 

Heavy fuels

660

665

 

681

675

 

 

Specialty products

821

833

 

803

856

 

 

Worldwide

6,974

7,060

 

7,085

7,118

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,701

2,628

 

5,432

5,248

 

 

Non-U.S.

4,196

4,227

 

8,270

8,523

 

 

Worldwide

6,897

6,855

 

13,702

13,771

 

 

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

 

 

 

 

 

 

 

 

 



-11-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

SECOND QUARTER 2007

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

      First Half

 

 

 

2007

2006

 

2007

2006

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

497

619

 

963

1,167

 

 

Non-U.S.

3,369

3,313

 

6,372

6,852

 

 

Total

3,866

3,932

 

7,335

8,019

 

 

Downstream

 

 

 

 

 

 

 

United States

317

250

 

529

412

 

 

Non-U.S.

557

492

 

876

911

 

 

Total

874

742

 

1,405

1,323

 

 

Chemical

 

 

 

 

 

 

 

United States

62

64

 

146

127

 

 

Non-U.S.

214

122

 

349

203

 

 

Total

276

186

 

495

330

 

 

 

 

 

 

 

 

 

 

Other

23

41

 

26

53

 

 

 

 

 

 

 

 

 

 

Worldwide

5,039

4,901

 

9,261

9,725

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

37

36

 

126

99

 

 

Non-U.S.

308

134

 

487

348

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

1

0

 

2

0

 

 

Non-U.S.

1

0

 

3

3

 

 

Worldwide

347

170

 

618

450

 

 

 

 

 

 

 

 

 



-12-



 

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

 

 

Second Quarter

10,260

 

1.85

 

 

 

 

 

 

 




-13-


Exxon Mobil Corproration 8-k 99.2



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

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

 

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

2Q07

1Q07

4Q06

3Q06

2Q06

Upstream

  United States

1,222 

1,177 

1,052 

1,192 

1,644 

  Non-U.S.

4,731 

4,864 

5,168 

5,301 

5,490 

  Total

5,953 

6,041 

6,220 

6,493 

7,134 

Downstream

  United States

1,745 

839 

945 

1,272 

1,354 

  Non-U.S.

1,648 

1,073 

1,015 

1,466 

1,131 

  Total

3,393 

1,912 

1,960 

2,738 

2,485 

Chemical

  United States

204 

346 

384 

458 

189 

  Non-U.S.

809 

890 

858 

893 

651 

  Total

1,013 

1,236 

1,242 

1,351 

840 

 

 

 

 

 

 

Corporate and financing

(99)

91 

828 

(92)

(99)

Net income (U.S. GAAP)

10,260 

9,280 

10,250 

10,490 

10,360 

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

1.85 

1.64 

1.77 

1.79 

1.74 

Net income per common share

 - assuming dilution (U.S. GAAP)

1.83 

1.62 

1.76 

1.77 

1.72 

 

 

 

 

 

 

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

1,222 

1,177 

1,052 

1,192 

1,644 

  Non-U.S.

4,731 

4,864 

5,168 

5,301 

5,490 

  Total

5,953 

6,041 

6,220 

6,493 

7,134 

Downstream

 

 

 

 

 

  United States

1,745 

839 

945 

1,272 

1,354 

  Non-U.S.

1,648 

1,073 

1,015 

1,466 

1,131 

  Total

3,393 

1,912 

1,960 

2,738 

2,485 

Chemical

  United States

204 

346 

384 

458 

189 

  Non-U.S.

809 

890 

858 

893 

651 

  Total

1,013 

1,236 

1,242 

1,351 

840 

 

 

 

 

 

 

Corporate and financing

(99)

91 

418 

(92)

(99)

Corporate total

10,260 

9,280 

9,840 

10,490 

10,360 

EPS excluding Special Items - assuming dilution

1.83

1.62

1.69

1.77

1.72

EXXON MOBIL CORPORATION

 

 

 

 

 

 

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

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

2Q07

1Q07

4Q06

3Q06

2Q06

natural gas liquids, kbd

  United States

393 

416 

404 

378 

435 

  Canada

312 

297 

316 

303 

300 

  Europe

490 

524 

516 

490 

511 

  Africa

734 

782 

772 

801 

808 

  Asia Pacific/Middle East

529 

508 

487 

507 

481 

  Russia/Caspian

182 

186 

144 

125 

125 

  Other

28 

33 

39 

43 

42 

Total liquids production

2,668 

2,746 

2,678 

2,647 

2,702 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

1,517 

1,514 

1,588 

1,567 

1,656 

  Canada

794 

774 

818 

864 

841 

  Europe

3,032 

4,609 

4,108 

2,833 

3,466 

  Asia Pacific/Middle East

3,173 

2,998 

2,601 

2,703 

2,616 

  Russia/Caspian

97 

116 

110 

91 

85 

  Other

98 

103 

76 

81 

90 

Total natural gas production available for sale

8,711 

10,114 

9,301 

8,139 

8,754 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,120 

4,432 

4,228 

4,004 

4,161 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,592 

1,798 

1,837 

1,766 

1,720 

  Canada

410 

441 

456 

461 

366 

  Europe

1,621 

1,641 

1,616 

1,721 

1,707 

  Asia Pacific

1,337 

1,504 

1,474 

1,484 

1,312 

  Other Non-U.S.

319 

321 

315 

324 

302 

Total refinery throughput

5,279 

5,705 

5,698 

5,756 

5,407 

 

 

 

 

 

 

Petroleum product sales, kbd (1)

  United States

2,651 

2,774 

2,851 

2,725 

2,689 

  Canada

451 

449 

483 

475 

451 

  Europe

1,769 

1,812 

1,779 

1,825 

1,852 

  Asia Pacific

1,345 

1,428 

1,530 

1,482 

1,303 

  Other Non-U.S.

758 

735 

804 

795 

765 

Total petroleum product sales

6,974 

7,198 

7,447 

7,302 

7,060 

 

 

 

 

 

 

  Gasolines, naphthas

2,876 

2,858 

2,952 

2,898 

2,875 

  Heating oils, kerosene, diesel

1,995 

2,220 

2,303 

2,160 

2,055 

  Aviation fuels

622 

633 

652 

687 

632 

  Heavy fuels

660 

701 

677 

703 

665 

  Specialty products

821 

786 

863 

854 

833 

Total petroleum product sales

6,974 

7,198 

7,447 

7,302 

7,060 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,701 

 2,731 

 2,775 

 2,680 

 2,628 

  Non-U.S.

4,196 

4,074 

4,052 

4,072 

4,227 

Total chemical prime product sales

 6,897 

 6,805 

 6,827 

 6,752 

 6,855 

 

 

 

 

 

 

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

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

2Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 6)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

2Q07

1Q07

4Q06

3Q06

2Q06

United States

  ExxonMobil

    Crude ($/b)

60.09

50.59

51.26

62.07

63.46

    Natural Gas ($/kcf)

6.94

6.85

6.22

6.71

6.40

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

64.89

57.99

59.95

70.38

70.36

    ANS-WC ($/b)

65.76

55.69

55.51

68.95

68.74

   Henry Hub ($/mbtu)

7.55

6.77

6.56

6.58

6.80

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

65.95

55.32

56.36

65.64

65.15

    Natural Gas ($/kcf)

6.00

6.69

7.28

6.51

6.70

    European NG ($/kcf)

6.67

7.86

8.57

7.74

7.73

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

68.76

57.75

59.74

69.49

69.62

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 497 

 466 

 713 

 606 

 619 

  Non-U.S.

3,369 

3,003 

3,357 

3,536 

3,313 

  Total

 3,866 

 3,469 

 4,070 

 4,142 

 3,932 

Downstream

  United States

 317 

 212 

 197 

 215 

 250 

  Non-U.S.

557 

319 

551 

443 

492 

  Total

 874 

 531 

 748 

 658 

 742 

Chemical

  United States

 62 

 84 

 78 

 75 

 64 

  Non-U.S.

214 

135 

153 

120 

122 

  Total

 276 

 219 

 231 

 195 

 186 

Other

 23 

 3 

 20 

 66 

 41 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 5,039 

 4,222 

 5,069 

 5,061 

 4,901 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

37 

89 

59 

85 

36 

                      - Non-U.S.

308 

179 

314 

263 

134 

  Non-consolidated - ExxonMobil share - United States

                                                         - Non-U.S.

Total Exploration Expense Charged to Income

347 

271 

379 

350 

170 

 

 

 

 

 

 

Effective Income Tax Rate, %

44%

44%

37%

44%

44%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 5,546 

 5,633 

 5,729 

 5,832 

 5,945 

  Average - assuming dilution

 5,620 

 5,714 

 5,816 

 5,922 

 6,030 

 

 

 

 

 

 

Total Cash and Cash Equivalent ($G)

33.6 

34.6 

32.8 

37.3 

36.7 

  Including restricted cash $4.6G

 

 

 

 

 

 

Total Debt ($G)

8.8 

8.8 

8.3 

8.6 

8.4 

 

 

 

 

 

 

Cash Flows from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 11.3 

 14.3 

 8.8 

 14.6 

 11.3 

  Sales of subsidiaries, investments and PP&E

1.2 

0.5 

0.8 

0.8 

1.1 

  Cash flows from operations and asset sales

 12.5 

 14.8 

 9.6 

 15.4 

 12.4 

 

 

 

 

 

 

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

second 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


2Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 6)

 

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EXXON MOBIL CORPORATION


2Q07 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 6)

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EXXON MOBIL CORPORATION


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

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