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 31, 2015
Exxon Mobil Corporation
(Exact name of
registrant as specified in its charter)
New Jersey
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1-2256
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13-5409005
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(State or other
jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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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
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(Former name or
former address, if changed since last report)
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Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
[ ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02
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Results of Operations and
Financial Condition
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Item 7.01
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Regulation FD Disclosure
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The following information is
furnished pursuant to both Item 2.02 and Item 7.01.
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The Registrant hereby
furnishes the information set forth in its News Release, dated July 31, 2015,
announcing second quarter 2015 results, a copy of which is included as
Exhibit 99.1, and furnishes the information in the related 2Q15 Investor
Relations Data Summary, a copy of which is included as Exhibit 99.2. Material
available by hyperlink from the News Release is not deemed to be furnished
herewith or included in this filing.
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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.
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EXXON
MOBIL CORPORATION
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Date:
July 31, 2015
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By:
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/s/
David S. Rosenthal
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-------------------------------------------------
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Name:
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David S. Rosenthal
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Title:
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Vice President, Controller
and
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Principal Accounting Officer
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INDEX TO EXHIBITS
Exhibit No.
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Description
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99.1
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Exxon Mobil Corporation News
Release, dated July 31, 2015, announcing second quarter 2015 results.
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99.2
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2Q15 Investor Relations Data
Summary.
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EXHIBIT 99.1
News Release
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Exxon Mobil Corporation
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5959 Las Colinas Boulevard
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Irving, TX 75039
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972 444 1107 Telephone
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972 444 1138 Facsimile
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FOR IMMEDIATE RELEASE
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FRIDAY, JULY 31, 2015
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ExxonMobil Earns
$4.2 Billion in Second Quarter of 2015
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•
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Corporation continues to deliver on investment
and operating commitments
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•
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Downstream and Chemical results underscore
resilience of the integrated business model
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•
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Upstream volumes increased 3.6 percent,
liquids production up 11.9 percent
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Second
Quarter
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First
Half
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2015
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2014
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%
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2015
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2014
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%
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Earnings Summary
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(Dollars in millions, except per share data)
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Earnings
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4,190
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8,780
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-52
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9,130
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17,880
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-49
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Earnings Per Common Share
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Assuming Dilution
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1.00
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2.05
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-51
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2.17
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4.15
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-48
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Capital and Exploration
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Expenditures
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8,261
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9,800
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-16
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15,965
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18,236
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-12
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IRVING,
Texas – July 31, 2015 – Exxon Mobil Corporation today announced estimated
second quarter 2015 earnings of $4.2 billion, or $1 per diluted
share, compared with $8.8 billion a year earlier. Higher Downstream and
Chemical earnings were more than offset by the impact of weaker Upstream
realizations and lower asset management gains.
“We are
delivering on our investment and operating commitments across ExxonMobil’s
integrated portfolio,” said Rex W. Tillerson, chairman and chief executive
officer. “Our quarterly results reflect the disparate impacts of the current
commodity price environment, but also demonstrate the strength of our sound
operations, superior project execution capabilities, as well as continued
discipline in capital and expense management.”
Downstream
and Chemical segment earnings increased significantly from the second quarter
of 2014, driven by higher margins, continued strong demand, and the quality of
the company’s product and asset mix.
ExxonMobil
produced 4 million oil‑equivalent barrels per day, an increase of
139,000 barrels per day, or 3.6 percent. Liquids volumes of 2.3 million
barrels per day increased 11.9 percent, benefiting from new developments in
Angola, Canada, Indonesia and the United States.
During
the quarter, the corporation distributed $4.1 billion to shareholders in
the form of dividends and share purchases to reduce shares outstanding.
Second Quarter
Highlights
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•
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Earnings of
$4.2 billion decreased $4.6 billion or 52 percent from the
second quarter of 2014.
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•
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Earnings per share,
assuming dilution, were $1, a decrease of 51 percent.
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•
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Capital and
exploration expenditures were $8.3 billion, down 16 percent from
the second quarter of 2014.
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Oil‑equivalent
production increased 3.6 percent from the second quarter of 2014, with
liquids up 11.9 percent and natural gas down 5.8 percent.
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•
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Cash flow from
operations and asset sales was $9.4 billion, including proceeds
associated with asset sales of $629 million.
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The corporation
distributed $4.1 billion to shareholders in the second quarter of 2015,
including $1 billion in share purchases to reduce shares outstanding.
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Dividends per share
of $0.73 increased 5.8 percent compared with the second quarter of 2014.
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•
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A significant oil
discovery was made in Guyana on the 6.6‑million acre Stabroek
Block that is located 120 miles offshore. The well was safely drilled to
17,825 feet in 5,719 feet of water and encountered 295 feet of
high‑quality oil‑bearing sandstone reservoirs.
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•
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Production at the
company’s Kearl oil sands expansion project in Alberta, Canada, started ahead
of schedule, doubling gross capacity to 220,000 barrels of bitumen per
day.
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•
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Bitumen production
began on schedule at the Cold Lake Nabiye project expansion in northeastern
Alberta, Canada. The expansion is producing about 20,000 barrels per day
and volumes are expected to reach peak daily production of
40,000 barrels later this year.
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Second Quarter 2015 vs. Second Quarter 2014
Upstream earnings were $2 billion in the
second quarter of 2015, down $5.9 billion from the second quarter of 2014.
Lower liquids and gas realizations decreased earnings by $4.5 billion,
while volume effects increased earnings by $330 million driven by new
developments. All other items decreased earnings by $1.7 billion,
including the one‑time $260 million deferred income tax impact
related to the tax rate increase in Alberta, Canada, and the absence of prior
year asset management gains.
On an oil‑equivalent basis, production
increased 3.6 percent from the second quarter of 2014. Liquids production
totaled 2.3 million barrels per day, up 243,000 barrels per day, with
project ramp‑up and entitlement effects partly offset by field decline. Natural
gas production was 10.1 billion cubic feet per day, down 622 million
cubic feet per day from 2014 due to regulatory restrictions in the Netherlands.
Project volumes and entitlement effects offset field decline.
The U.S. Upstream operations recorded a loss
of $47 million, down $1.2 billion from the second quarter of 2014.
Non‑U.S. Upstream earnings were $2.1 billion, down $4.6 billion
from the prior year.
Downstream earnings
were $1.5 billion, up $795 million from the second quarter of 2014.
Stronger margins increased earnings by $1.1 billion. Volume and mix
effects decreased earnings by $80 million. All other items, including
higher maintenance expenses, decreased earnings by $230 million. Petroleum
product sales of 5.7 million barrels per day were 104,000 barrels per
day lower than the prior year's second quarter.
Earnings from the U.S. Downstream were
$412 million, down $124 million from the second quarter of 2014. Non‑U.S.
Downstream earnings of $1.1 billion were $919 million higher than
last year.
Chemical earnings of $1.2 billion were
$405 million higher than the second quarter of 2014. Margins increased
earnings by $340 million, benefiting from lower feedstock costs. Volume
mix effects increased earnings by $20 million. All other items, primarily
asset management gains in the U.S., partly offset by unfavorable foreign
exchange effects, increased earnings by a net $50 million. Second quarter
prime product sales of 6.1 million metric tons were
61,000 metric tons lower than the prior year's second quarter.
Corporate and financing expenses were
$593 million for the second quarter of 2015, down $60 million from
the second quarter of 2014.
During the second quarter of 2015, ExxonMobil
purchased 12 million shares of its common stock for the treasury to reduce
the number of shares outstanding at a cost of $1 billion. Share purchases
to reduce shares outstanding are currently anticipated to equal
$500 million in the third quarter of 2015. 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.
First Half 2015
Highlights
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•
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Earnings were
$9.1 billion, down $8.8 billion or 49 percent from 2014.
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•
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Earnings per share,
assuming dilution, decreased 48 percent to $2.17.
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•
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Capital and
exploration expenditures were $16 billion, down 12 percent from
2014.
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•
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Oil‑equivalent
production increased 3 percent from 2014, with liquids up
8.9 percent and natural gas down 3.6 percent.
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•
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Cash flow from
operations and asset sales was $17.9 billion, including proceeds
associated with asset sales of $1.1 billion.
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•
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The corporation distributed
$8 billion to shareholders in the first half of 2015 through dividends
and share purchases to reduce shares outstanding.
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First Half 2015 vs.
First Half 2014
Upstream earnings were $4.9 billion,
down $10.8 billion from the first half of 2014. Lower realizations
decreased earnings by $10 billion. Favorable volume and mix effects
increased earnings by $570 million. All other items, primarily the absence
of prior year asset management gains, decreased earnings by $1.4 billion.
On an oil‑equivalent
basis, production of 4.1 million barrels per day was up 3 percent
compared to the same period in 2014. Liquids production of 2.3 million
barrels per day increased 186,000 barrels per day, with project ramp‑up
and entitlement effects partly offset by field decline. Natural gas production
of 11 billion cubic feet per day decreased 407 million cubic feet per
day from 2014 due to regulatory restrictions in the Netherlands. Project ramp‑up
and entitlement effects exceeded field decline.
The U.S. Upstream operations recorded a loss
of $99 million, down $2.5 billion from 2014. Earnings outside the
U.S. were $5 billion, down $8.2 billion from the prior year.
Downstream earnings of $3.2 billion
increased $1.6 billion from 2014. Stronger margins increased earnings by
$2.1 billion. Volume and mix effects were essentially flat
period-to-period. All other items, including higher planned maintenance
expenses, decreased earnings by $480 million. Petroleum product sales of
5.8 million barrels per day were 54,000 barrels per day lower than
2014.
U.S. Downstream earnings were
$1 billion, a decrease of $180 million from 2014. Non‑U.S.
Downstream earnings were $2.2 billion, up $1.8 billion from the prior
year.
Chemical earnings of $2.2 billion
increased $340 million from 2014. Higher margins increased earnings by
$590 million. Favorable volume mix effects increased earnings by
$70 million. All other items, including unfavorable foreign exchange
effects partly offset by asset management gains in the U.S., decreased earnings
by $320 million. Prime product sales of 12.1 million metric tons were
down 120,000 metric tons from 2014.
Corporate and financing expenses were
$1.2 billion in the first half of 2015, essentially flat with 2014.
During the first half of 2015,
ExxonMobil purchased 32 million shares of its common stock for the
treasury at a gross cost of $2.8 billion. These purchases included
$2 billion to reduce the number of shares outstanding, with the balance
used to acquire shares in conjunction with the company’s benefit plans and
programs.
ExxonMobil will
discuss financial and operating results and other matters during a webcast at
8:30 a.m. Central Time on July 31, 2015. To listen to the event or access
an archived replay, please visit www.exxonmobil.com.
Cautionary Statement
Statements relating to future plans,
projections, events or conditions are forward‑looking statements. Actual
results, including project plans, costs, timing, and capacities; capital and
exploration expenditures; resource recoveries; and share purchase levels, could
differ materially due to factors including: changes in oil or gas prices or
other market or economic conditions affecting the oil and gas industry,
including the scope and duration of economic recessions; the outcome of
exploration and development efforts; changes in law or government regulation,
including tax and environmental requirements; the outcome of commercial
negotiations; changes in technical or operating conditions; and other factors
discussed under the heading "Factors Affecting Future Results" in the
“Investors” section of our website and in Item 1A of ExxonMobil's 2014 Form 10-K.
We assume no duty to update these statements as of any future date.
Frequently Used Terms
This press release includes cash flow from
operations and asset sales, which is a non‑GAAP financial measure. Because
of the regular nature of our asset management and divestment program, we
believe it is useful for investors to consider proceeds associated with the
sales of subsidiaries, property, plant and equipment, and sales and returns of
investments together with cash provided by operating activities when evaluating
cash available for investment in the business and financing activities. A reconciliation
to net cash provided by operating activities is shown in Attachment II. References
to quantities of oil or natural gas may include amounts that we believe will
ultimately be produced, but that are not yet classified as “proved reserves”
under SEC definitions. Further information on ExxonMobil's frequently used
financial and operating measures and other terms is contained under the heading
"Frequently Used Terms" available through the “Investors” section of
our website at exxonmobil.com.
Reference
to Earnings
References to
corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the
consolidated income statement. Unless otherwise indicated, references to
earnings, Upstream, Downstream, Chemical and Corporate and Financing segment
earnings, and earnings per share are ExxonMobil's share after excluding amounts
attributable to noncontrolling interests.
The term “project” as used in this release can
refer to a variety of different activities and does not necessarily have the
same meaning as in any government payment transparency reports.
Exxon Mobil
Corporation has numerous affiliates, many with names that include ExxonMobil,
Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and
terms such as Corporation, company, our, we, and its are sometimes used as
abbreviated references to specific affiliates or affiliate groups. Similarly,
ExxonMobil has business relationships with thousands of customers, suppliers,
governments, and others. For convenience and simplicity, words such as venture,
joint venture, partnership, co-venturer, and partner are used to indicate
business and other relationships involving common activities and interests, and
those words may not indicate precise legal relationships.
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Estimated Key Financial and Operating Data
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Attachment
I
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Exxon
Mobil Corporation
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Second
Quarter 2015
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(millions
of dollars, unless noted)
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Second
Quarter
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First
Half
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2015
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2014
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2015
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2014
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Earnings / Earnings Per Share
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Total revenues and other income
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74,113
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111,208
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141,731
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217,533
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Total costs and other deductions
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67,159
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97,057
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128,142
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188,155
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Income before income taxes
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6,954
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14,151
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13,589
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29,378
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Income taxes
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2,692
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5,034
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4,252
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10,891
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Net income including noncontrolling interests
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4,262
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9,117
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9,337
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18,487
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Net income attributable to noncontrolling interests
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72
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337
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207
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607
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Net income attributable to ExxonMobil (U.S. GAAP)
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4,190
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8,780
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9,130
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17,880
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Earnings per common share (dollars)
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1.00
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2.05
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2.17
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4.15
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Earnings per common share
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- assuming dilution (dollars)
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1.00
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2.05
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2.17
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4.15
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Other Financial Data
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Dividends on common stock
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Total
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3,066
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2,966
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5,976
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5,698
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Per common share (dollars)
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0.73
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0.69
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1.42
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1.32
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Millions of common shares outstanding
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At June 30
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4,169
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4,265
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Average - assuming dilution
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4,200
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4,297
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4,205
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4,312
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ExxonMobil share of equity at June 30
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172,668
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181,155
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ExxonMobil share of capital employed at June 30
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208,781
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205,397
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Income taxes
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2,692
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5,034
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4,252
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10,891
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Sales-based taxes
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5,965
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7,871
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11,495
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15,287
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All other taxes
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7,595
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9,306
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14,869
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18,163
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Total taxes
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16,252
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22,211
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30,616
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44,341
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ExxonMobil share of income taxes of
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equity companies
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755
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1,412
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1,716
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3,232
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Attachment
II
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|
|
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|
Exxon
Mobil Corporation
|
Second
Quarter 2015
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(millions
of dollars)
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|
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|
|
Second
Quarter
|
First
Half
|
|
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2015
|
|
2014
|
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2015
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|
2014
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Earnings (U.S. GAAP)
|
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Upstream
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United States
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(47)
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|
1,193
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(99)
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|
2,437
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|
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Non-U.S.
|
2,078
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|
6,688
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|
4,985
|
|
13,227
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|
|
Downstream
|
|
|
|
|
|
|
|
|
|
|
United States
|
412
|
|
536
|
|
979
|
|
1,159
|
|
|
|
Non-U.S.
|
1,094
|
|
175
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|
2,194
|
|
365
|
|
|
Chemical
|
|
|
|
|
|
|
|
|
|
|
United States
|
735
|
|
528
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|
1,340
|
|
1,207
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|
|
|
Non-U.S.
|
511
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|
313
|
|
888
|
|
681
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|
|
Corporate and financing
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(593)
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|
(653)
|
|
(1,157)
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|
(1,196)
|
|
|
Net income attributable to ExxonMobil
|
4,190
|
|
8,780
|
|
9,130
|
|
17,880
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|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
Cash flow from operations and asset sales (billions
of dollars)
|
|
|
|
|
|
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Net cash provided by operating activities
|
|
|
|
|
|
|
|
|
|
(U.S. GAAP)
|
8.8
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|
10.2
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|
16.8
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|
25.3
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|
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Proceeds associated with asset sales
|
0.6
|
|
2.6
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|
1.1
|
|
3.7
|
|
|
Cash flow from operations and asset sales
|
9.4
|
|
12.8
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|
17.9
|
|
29.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
III
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Second
Quarter 2015
|
|
|
|
|
|
|
Second
Quarter
|
First
Half
|
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Net production of crude oil, natural gas
|
|
|
|
|
|
|
|
|
|
liquids, bitumen and synthetic oil,
|
|
|
|
|
|
|
|
|
|
thousand barrels per day (kbd)
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
468
|
|
458
|
|
470
|
|
450
|
|
|
|
|
Canada / South America
|
364
|
|
282
|
|
366
|
|
298
|
|
|
|
|
Europe
|
199
|
|
178
|
|
199
|
|
187
|
|
|
|
|
Africa
|
522
|
|
473
|
|
521
|
|
477
|
|
|
|
|
Asia
|
685
|
|
597
|
|
681
|
|
631
|
|
|
|
|
Australia / Oceania
|
53
|
|
60
|
|
47
|
|
55
|
|
|
|
|
|
Worldwide
|
2,291
|
|
2,048
|
|
2,284
|
|
2,098
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas production available for sale,
|
|
|
|
|
|
|
|
|
|
million cubic feet per day (mcfd)
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
3,153
|
|
3,421
|
|
3,186
|
|
3,417
|
|
|
|
|
Canada / South America
|
262
|
|
316
|
|
286
|
|
325
|
|
|
|
|
Europe
|
1,718
|
|
2,426
|
|
2,578
|
|
2,943
|
|
|
|
|
Africa
|
8
|
|
6
|
|
5
|
|
7
|
|
|
|
|
Asia
|
4,265
|
|
4,070
|
|
4,273
|
|
4,293
|
|
|
|
|
Australia / Oceania
|
722
|
|
511
|
|
645
|
|
395
|
|
|
|
|
|
Worldwide
|
10,128
|
|
10,750
|
|
10,973
|
|
11,380
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil-equivalent production (koebd)1
|
3,979
|
|
3,840
|
|
4,113
|
|
3,995
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Gas converted to oil-equivalent at 6 million cubic feet = 1
thousand barrels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
IV
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Second
Quarter 2015
|
|
|
|
|
|
Second
Quarter
|
First
Half
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Refinery throughput (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
1,702
|
|
1,711
|
|
1,754
|
|
1,761
|
|
|
|
Canada
|
373
|
|
418
|
|
383
|
|
398
|
|
|
|
Europe
|
1,524
|
|
1,445
|
|
1,499
|
|
1,438
|
|
|
|
Asia Pacific
|
539
|
|
686
|
|
610
|
|
694
|
|
|
|
Other
|
192
|
|
194
|
|
192
|
|
191
|
|
|
|
|
Worldwide
|
4,330
|
|
4,454
|
|
4,438
|
|
4,482
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Petroleum product sales (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
2,548
|
|
2,651
|
|
2,580
|
|
2,628
|
|
|
|
Canada
|
486
|
|
494
|
|
489
|
|
491
|
|
|
|
Europe
|
1,555
|
|
1,525
|
|
1,546
|
|
1,519
|
|
|
|
Asia Pacific
|
695
|
|
733
|
|
721
|
|
747
|
|
|
|
Other
|
453
|
|
438
|
|
439
|
|
444
|
|
|
|
|
Worldwide
|
5,737
|
|
5,841
|
|
5,775
|
|
5,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gasolines, naphthas
|
2,376
|
|
2,436
|
|
2,370
|
|
2,418
|
|
|
|
Heating oils, kerosene, diesel
|
1,874
|
|
1,887
|
|
1,934
|
|
1,876
|
|
|
|
Aviation fuels
|
404
|
|
412
|
|
407
|
|
420
|
|
|
|
Heavy fuels
|
377
|
|
379
|
|
385
|
|
404
|
|
|
|
Specialty products
|
706
|
|
727
|
|
679
|
|
711
|
|
|
|
|
Worldwide
|
5,737
|
|
5,841
|
|
5,775
|
|
5,829
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemical prime product sales,
|
|
|
|
|
|
|
|
|
|
thousand metric tons (kt)
|
|
|
|
|
|
|
|
|
|
|
United States
|
2,401
|
|
2,351
|
|
4,722
|
|
4,743
|
|
|
|
Non-U.S.
|
3,677
|
|
3,788
|
|
7,425
|
|
7,524
|
|
|
|
|
Worldwide
|
6,078
|
|
6,139
|
|
12,147
|
|
12,267
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
V
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Second
Quarter 2015
|
(millions
of dollars)
|
|
|
|
|
Second
Quarter
|
First
Half
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Capital and Exploration Expenditures
|
|
|
|
|
|
|
|
|
|
|
Upstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
2,095
|
|
2,698
|
|
4,215
|
|
4,790
|
|
|
|
|
Non-U.S.
|
4,651
|
|
5,696
|
|
8,948
|
|
10,868
|
|
|
|
|
Total
|
6,746
|
|
8,394
|
|
13,163
|
|
15,658
|
|
|
|
Downstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
266
|
|
296
|
|
561
|
|
524
|
|
|
|
|
Non-U.S.
|
361
|
|
386
|
|
687
|
|
698
|
|
|
|
|
Total
|
627
|
|
682
|
|
1,248
|
|
1,222
|
|
|
|
Chemical
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
570
|
|
502
|
|
1,000
|
|
899
|
|
|
|
|
Non-U.S.
|
258
|
|
212
|
|
482
|
|
445
|
|
|
|
|
Total
|
828
|
|
714
|
|
1,482
|
|
1,344
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
60
|
|
10
|
|
72
|
|
12
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide
|
8,261
|
|
9,800
|
|
15,965
|
|
18,236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration expenses charged to income
|
|
|
|
|
|
|
|
|
|
included above
|
|
|
|
|
|
|
|
|
|
|
Consolidated affiliates
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
40
|
|
104
|
|
77
|
|
139
|
|
|
|
|
Non-U.S.
|
329
|
|
389
|
|
603
|
|
669
|
|
|
|
Equity companies - ExxonMobil share
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
-
|
|
50
|
|
3
|
|
51
|
|
|
|
|
Non-U.S.
|
23
|
|
63
|
|
31
|
|
85
|
|
|
|
Worldwide
|
392
|
|
606
|
|
714
|
|
944
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
VI
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Earnings
|
|
|
|
|
|
|
$
Millions
|
|
$ Per Common Share1
|
|
|
|
|
|
|
|
|
|
|
|
2011
|
|
|
|
|
|
|
|
First Quarter
|
|
10,650
|
|
|
2.14
|
|
|
Second Quarter
|
|
10,680
|
|
|
2.19
|
|
|
Third Quarter
|
|
10,330
|
|
|
2.13
|
|
|
Fourth Quarter
|
|
9,400
|
|
|
1.97
|
|
|
|
|
Year
|
|
41,060
|
|
|
8.43
|
|
|
|
|
|
|
|
|
|
|
|
|
2012
|
|
|
|
|
|
|
|
First Quarter
|
|
9,450
|
|
|
2.00
|
|
|
Second Quarter
|
|
15,910
|
|
|
3.41
|
|
|
Third Quarter
|
|
9,570
|
|
|
2.09
|
|
|
Fourth Quarter
|
|
9,950
|
|
|
2.20
|
|
|
|
|
Year
|
|
44,880
|
|
|
9.70
|
|
|
|
|
|
|
|
|
|
|
2013
|
|
|
|
|
|
|
|
First Quarter
|
|
9,500
|
|
|
2.12
|
|
|
Second Quarter
|
|
6,860
|
|
|
1.55
|
|
|
Third Quarter
|
|
7,870
|
|
|
1.79
|
|
|
Fourth Quarter
|
|
8,350
|
|
|
1.91
|
|
|
|
|
Year
|
|
32,580
|
|
|
7.37
|
|
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
|
|
First Quarter
|
|
9,100
|
|
|
2.10
|
|
|
Second Quarter
|
|
8,780
|
|
|
2.05
|
|
|
Third Quarter
|
|
8,070
|
|
|
1.89
|
|
|
Fourth Quarter
|
|
6,570
|
|
|
1.56
|
|
|
|
|
Year
|
|
32,520
|
|
|
7.60
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
First Quarter
|
|
4,940
|
|
|
1.17
|
|
|
Second Quarter
|
|
4,190
|
|
|
1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Computed using the average number of shares outstanding during
each period.
|
|
|
|
|
|
|
|
|
|
|
EXXON
MOBIL CORPORATION
|
|
|
|
EXHIBIT
99.2
|
|
2Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
|
|
|
|
|
|
|
|
|
|
Earnings, $M
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
2Q14
|
Upstream
|
|
|
|
|
|
|
United States
|
|
(47)
|
(52)
|
1,503
|
1,257
|
1,193
|
|
Non-U.S.
|
|
2,078
|
2,907
|
3,965
|
5,159
|
6,688
|
|
Total
|
|
2,031
|
2,855
|
5,468
|
6,416
|
7,881
|
Downstream
|
|
|
|
|
|
|
United States
|
|
412
|
567
|
(1)
|
460
|
536
|
|
Non-U.S.
|
|
1,094
|
1,100
|
498
|
564
|
175
|
|
Total
|
|
1,506
|
1,667
|
497
|
1,024
|
711
|
Chemical
|
|
|
|
|
|
|
United States
|
|
735
|
605
|
832
|
765
|
528
|
|
Non-U.S.
|
|
511
|
377
|
395
|
435
|
313
|
|
Total
|
|
1,246
|
982
|
1,227
|
1,200
|
841
|
|
|
|
|
|
|
|
|
|
Corporate and financing
|
(593)
|
(564)
|
(622)
|
(570)
|
(653)
|
Net income attributable to ExxonMobil (U.S. GAAP)
|
4,190
|
4,940
|
6,570
|
8,070
|
8,780
|
|
|
|
|
|
|
|
|
|
Earnings per common share (U.S. GAAP)
|
1.00
|
1.17
|
1.56
|
1.89
|
2.05
|
Earnings per common share
|
|
|
|
|
|
- assuming dilution (U.S. GAAP)
|
1.00
|
1.17
|
1.56
|
1.89
|
2.05
|
|
|
|
|
|
|
|
|
|
Capital and Exploration Expenditures, $M
|
|
|
|
|
|
Upstream
|
|
|
|
|
|
|
United States
|
|
2,095
|
2,120
|
2,350
|
2,261
|
2,698
|
|
Non-U.S.
|
|
4,651
|
4,297
|
6,295
|
6,163
|
5,696
|
|
Total
|
|
6,746
|
6,417
|
8,645
|
8,424
|
8,394
|
Downstream
|
|
|
|
|
|
|
United States
|
|
266
|
295
|
422
|
364
|
296
|
|
Non-U.S.
|
|
361
|
326
|
610
|
416
|
386
|
|
Total
|
|
627
|
621
|
1,032
|
780
|
682
|
Chemical
|
|
|
|
|
|
|
United States
|
|
570
|
430
|
449
|
342
|
502
|
|
Non-U.S.
|
|
258
|
224
|
322
|
284
|
212
|
|
Total
|
|
828
|
654
|
771
|
626
|
714
|
Other
|
60
|
12
|
16
|
7
|
10
|
|
|
|
|
|
|
|
|
|
Total Capital and Exploration Expenditures
|
8,261
|
7,704
|
10,464
|
9,837
|
9,800
|
|
|
|
|
|
|
|
|
|
Exploration Expense Charged to Income, $M
|
|
|
|
|
|
|
Consolidated
|
|
- United States
|
40
|
37
|
52
|
39
|
104
|
|
|
|
- Non-U.S.
|
329
|
274
|
484
|
279
|
389
|
|
Non-consolidated - ExxonMobil share
|
- United States
|
-
|
3
|
7
|
3
|
50
|
|
|
|
- Non-U.S.
|
23
|
8
|
49
|
107
|
63
|
Exploration Expenses Charged to Income Included Above
|
392
|
322
|
592
|
428
|
606
|
|
|
|
|
|
|
|
|
|
Effective Income Tax Rate, %
|
45%
|
33%
|
32%
|
43%
|
41%
|
|
|
|
|
|
|
|
|
|
Common Shares Outstanding, millions
|
|
|
|
|
|
|
At quarter end
|
4,169
|
4,181
|
4,201
|
4,235
|
4,265
|
|
Average - assuming dilution
|
4,200
|
4,211
|
4,235
|
4,267
|
4,297
|
|
|
|
|
|
|
|
|
|
Total Cash and Cash Equivalents, $G1
|
4.4
|
5.2
|
4.7
|
5.0
|
6.3
|
|
|
|
|
|
|
|
|
|
Total Debt, $G
|
33.8
|
32.8
|
29.1
|
21.8
|
21.8
|
|
|
|
|
|
|
|
|
|
Cash Flow from Operations and Asset Sales, $G
|
|
|
|
|
|
|
Net cash provided by operating activities
|
8.8
|
8.0
|
7.5
|
12.4
|
10.2
|
|
Proceeds associated with asset sales
|
0.6
|
0.5
|
0.2
|
0.1
|
2.6
|
|
Cash flow from operations and asset sales
|
9.4
|
8.5
|
7.7
|
12.5
|
12.8
|
|
|
|
|
|
|
|
|
|
1 Includes restricted cash of $0.1G in 2Q15, $0.1G in 1Q15, $0.1G
in 4Q14, $0.1G in 3Q14, and $0.2G in 2Q14.
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
|
|
2Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
|
|
|
|
|
|
|
|
|
|
Net production of crude oil, natural gas
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
2Q14
|
liquids, bitumen and synthetic oil, kbd
|
|
|
|
|
|
|
United States
|
|
468
|
472
|
473
|
442
|
458
|
|
Canada / South America
|
|
364
|
368
|
312
|
295
|
282
|
|
Europe
|
|
199
|
200
|
190
|
174
|
178
|
|
Africa
|
|
522
|
519
|
519
|
483
|
473
|
|
Asia
|
|
685
|
678
|
631
|
601
|
597
|
|
Australia / Oceania
|
|
53
|
40
|
57
|
70
|
60
|
Total liquids production
|
2,291
|
2,277
|
2,182
|
2,065
|
2,048
|
|
|
|
|
|
|
|
|
|
Natural gas production available for sale, mcfd
|
|
|
|
|
|
|
United States
|
|
3,153
|
3,220
|
3,371
|
3,411
|
3,421
|
|
Canada / South America
|
|
262
|
310
|
320
|
272
|
316
|
|
Europe
|
|
1,718
|
3,447
|
3,191
|
2,192
|
2,426
|
|
Africa
|
|
8
|
2
|
2
|
1
|
6
|
|
Asia
|
|
4,265
|
4,282
|
3,786
|
4,027
|
4,070
|
|
Australia / Oceania
|
|
722
|
567
|
564
|
692
|
511
|
Total natural gas production available for sale
|
10,128
|
11,828
|
11,234
|
10,595
|
10,750
|
|
|
|
|
|
|
|
|
|
Total worldwide liquids and gas production, koebd
|
3,979
|
4,248
|
4,054
|
3,831
|
3,840
|
|
|
|
|
|
|
|
|
|
Refinery throughput, kbd
|
|
|
|
|
|
|
|
United States
|
|
1,702
|
1,807
|
1,876
|
1,835
|
1,711
|
|
Canada
|
|
373
|
393
|
373
|
409
|
418
|
|
Europe
|
|
1,524
|
1,473
|
1,438
|
1,499
|
1,445
|
|
Asia Pacific
|
|
539
|
681
|
470
|
655
|
686
|
|
Other Non-U.S.
|
|
192
|
192
|
192
|
193
|
194
|
Total refinery throughput
|
|
4,330
|
4,546
|
4,349
|
4,591
|
4,454
|
|
|
|
|
|
|
|
|
|
Petroleum product sales, kbd
|
|
|
|
|
|
|
|
United States
|
|
2,548
|
2,612
|
2,666
|
2,697
|
2,651
|
|
Canada
|
|
486
|
492
|
489
|
514
|
494
|
|
Europe
|
|
1,555
|
1,536
|
1,597
|
1,585
|
1,525
|
|
Asia Pacific
|
|
695
|
748
|
644
|
746
|
733
|
|
Other Non-U.S.
|
|
453
|
426
|
449
|
457
|
438
|
Total petroleum product sales
|
|
5,737
|
5,814
|
5,845
|
5,999
|
5,841
|
|
|
|
|
|
|
|
|
|
|
Gasolines, naphthas
|
|
2,376
|
2,363
|
2,486
|
2,482
|
2,436
|
|
Heating oils, kerosene, diesel
|
|
1,874
|
1,994
|
1,926
|
1,968
|
1,887
|
|
Aviation fuels
|
|
404
|
410
|
405
|
445
|
412
|
|
Heavy fuels
|
|
377
|
395
|
371
|
389
|
379
|
|
Specialty products
|
|
706
|
652
|
657
|
715
|
727
|
Total petroleum product sales
|
|
5,737
|
5,814
|
5,845
|
5,999
|
5,841
|
|
|
|
|
|
|
|
|
|
Chemical prime product sales, kt
|
|
|
|
|
|
|
United States
|
|
2,401
|
2,321
|
2,409
|
2,376
|
2,351
|
|
Non-U.S.
|
|
3,677
|
3,748
|
3,310
|
3,873
|
3,788
|
Total chemical prime product sales
|
6,078
|
6,069
|
5,719
|
6,249
|
6,139
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
2Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
|
|
|
|
|
|
|
|
Earnings Factor Analysis, $M
|
2Q15 vs.
2Q14
|
|
2Q15 vs.
1Q15
|
|
Upstream
|
|
|
|
|
|
Prior Period
|
7,881
|
|
2,855
|
|
|
|
Realization
|
-4,530
|
|
600
|
|
|
|
Volume / Mix
|
330
|
|
-420
|
|
|
|
Other
|
-1,650
|
|
-1,000
|
|
|
Current Period
|
2,031
|
|
2,031
|
|
Downstream
|
|
|
|
|
|
Prior Period
|
711
|
|
1,667
|
|
|
|
Margin
|
1,100
|
|
140
|
|
|
|
Volume / Mix
|
-80
|
|
-160
|
|
|
|
Other
|
-230
|
|
-140
|
|
|
Current Period
|
1,506
|
|
1,506
|
|
Chemical
|
|
|
|
|
|
Prior Period
|
841
|
|
982
|
|
|
|
Margin
|
340
|
|
-10
|
|
|
|
Volume / Mix
|
20
|
|
40
|
|
|
|
Other
|
50
|
|
230
|
|
|
Current Period
|
1,246
|
|
1,246
|
|
|
|
|
|
|
|
|
Upstream Volume Factor Analysis, koebd
|
|
|
|
|
|
Prior Period
|
3,840
|
|
4,248
|
|
|
|
Entitlements - Net Interest
|
-10
|
|
1
|
|
|
|
Entitlements - Price / Spend / Other
|
171
|
|
-35
|
|
|
|
Quotas
|
-
|
|
-
|
|
|
|
Divestments
|
-29
|
|
-6
|
|
|
|
Growth / Other
|
7
|
|
-229
|
|
|
Current Period
|
3,979
|
|
3,979
|
|
|
|
|
|
|
|
|
Sources and Uses of Funds, $G
|
2Q15
|
|
|
|
|
Beginning Cash
|
5.2
|
|
|
|
|
|
Earnings
|
4.2
|
|
|
|
|
|
Depreciation
|
4.5
|
|
|
|
|
|
Working Capital / Other
|
0.1
|
|
|
|
|
|
Proceeds Associated with Asset Sales
|
0.6
|
|
|
|
|
|
PP&E Adds / Investments and Advances
|
-7.1
|
|
|
|
|
|
Shareholder Distributions
|
-4.1
|
|
|
|
|
|
Debt / Other Financing
|
1.0
|
|
|
|
|
Ending Cash
|
4.4
|
|
|
|
|
|
|
|
|
|
|
Notes:
|
The 2Q15 beginning and ending balances include restricted cash
of $0.1G and $0.1G, respectively.
|
PP&E Adds / Investments and Advances includes PP&E adds
of ($7.1G) and net advances of $0.0G.
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
|
|
|
|
|
|
|
|
|
Average Realization Data
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
2Q14
|
United States
|
|
|
|
|
|
|
ExxonMobil
|
|
|
|
|
|
|
|
Crude ($/b)
|
54.06
|
42.20
|
63.30
|
89.60
|
98.55
|
|
|
Natural Gas ($/kcf)
|
2.31
|
2.53
|
3.72
|
3.93
|
4.46
|
|
|
|
|
|
|
|
|
|
Benchmarks
|
|
|
|
|
|
|
|
WTI ($/b)
|
57.84
|
48.56
|
73.41
|
97.48
|
103.05
|
|
|
ANS-WC ($/b)
|
62.65
|
51.95
|
74.49
|
101.38
|
108.05
|
|
|
Henry Hub ($/mbtu)
|
2.65
|
2.99
|
4.04
|
4.07
|
4.68
|
|
|
|
|
|
|
|
|
Non-U.S.
|
|
|
|
|
|
|
ExxonMobil
|
|
|
|
|
|
|
|
Crude ($/b)
|
57.63
|
47.30
|
69.49
|
96.76
|
103.72
|
|
|
Natural Gas ($/kcf)
|
6.49
|
7.53
|
9.09
|
8.47
|
9.00
|
|
|
European NG ($/kcf)
|
7.06
|
7.43
|
8.61
|
7.64
|
8.71
|
|
|
|
|
|
|
|
|
|
Benchmarks
|
|
|
|
|
|
|
|
Brent ($/b)
|
61.92
|
53.97
|
76.27
|
101.85
|
109.63
|
|
|
|
|
|
|
|
|
The above numbers reflect
ExxonMobil’s current estimate of volumes and realizations given data
available as of the end of the second quarter of 2015. 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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