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): October 30, 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 October 30,
2015, announcing third quarter 2015 results, a copy of which is included as
Exhibit 99.1, and furnishes the information in the related 3Q15 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:
October 30, 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 October 30, 2015, announcing third quarter 2015 results.
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99.2
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3Q15 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, OCTOBER 30, 2015
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ExxonMobil Earns
$4.2 Billion in Third Quarter of 2015
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•
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Focus remains on business fundamentals,
including cost management
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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 earnings rise,
highlighting strength of integrated businesses
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Third
Quarter
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Nine
Months
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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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4,240
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8,070
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-47
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13,370
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25,950
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-48
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Earnings Per Common Share
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Assuming Dilution
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1.01
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1.89
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-47
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3.18
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6.04
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-47
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Capital and Exploration
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Expenditures
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7,670
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9,837
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-22
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23,635
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28,073
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-16
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IRVING,
Texas – October 30, 2015 – Exxon Mobil Corporation today announced estimated
third quarter 2015 earnings of $4.2 billion, or $1.01 per diluted
share, compared with $8.1 billion a year earlier. Significantly lower
Upstream realizations more than offset higher Downstream and Chemical earnings.
“We
maintain a relentless focus on business fundamentals, including cost
management, regardless of commodity prices,” said Rex W. Tillerson, chairman
and chief executive officer. “Quarterly results reflect the continued strength
of our Downstream and Chemical businesses and underscore the benefits of our
integrated business model.”
Downstream
segment earnings nearly doubled from the third quarter of 2014 due to stronger
refining margins. Chemical results, comparable with the year‑ago quarter,
reflect continued strength in product margins and the quality of the company’s
product and asset mix.
Upstream
production volumes increased 2.3 percent, or 87,000 barrels per day,
to 3.9 million oil‑equivalent barrels per day. Liquids volumes of
2.3 million barrels per day rose 13 percent driven by new
developments in Canada, Indonesia, the United States, Angola and Nigeria.
During
the quarter, the corporation distributed $3.6 billion to shareholders in
the form of dividends and share purchases to reduce shares outstanding.
Third Quarter
Highlights
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•
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Earnings of
$4.2 billion decreased $3.8 billion, or 47 percent, from the
third quarter of 2014.
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•
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Earnings per share,
assuming dilution, were $1.01, a decrease of 47 percent.
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•
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Capital and
exploration expenditures were $7.7 billion, down 22 percent from
the third quarter of 2014.
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Oil‑equivalent
production increased 2.3 percent from the third quarter of 2014, with
liquids up 13 percent and natural gas down 10 percent.
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•
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Cash flow from
operations and asset sales was $9.7 billion, including proceeds
associated with asset sales of $491 million.
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The corporation
distributed $3.6 billion to shareholders in the third quarter of 2015,
including $500 million in share purchases to reduce shares outstanding.
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Dividends per share
of $0.73 increased 5.8 percent compared with the third quarter of 2014.
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Production at the
Erha North Phase 2 project started five months ahead of schedule and
$400 million under budget, with an expected peak gross production of
65,000 barrels of oil per day. This capital-efficient, deepwater subsea
development is located 60 miles offshore Nigeria and includes seven
wells from three drill centers tied back to facilities at the existing Erha
field, thus reducing additional infrastructure requirements.
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The corporation executed
two agreements to obtain horizontal development rights in 48,000 acres
adjoining its existing acreage position in the Midland Basin. The acreage
will provide rights to all intervals within the basin and be operated by
ExxonMobil’s subsidiary XTO Energy, Inc. ExxonMobil has executed five
agreements in the Midland Basin since January 2014, increasing the company’s
position to over 135,000 net acres.
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•
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ExxonMobil announced
plans to utilize its proprietary technology at the Rotterdam refinery in the
Netherlands to efficiently produce high quality Group II basestocks and
ultra-low sulfur diesel to meet growing market demand. This expansion project
follows recent basestock investments at ExxonMobil’s Baytown, Texas, and
Singapore refineries and further strengthens our position as the world’s
largest producer of lube basestocks.
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The company announced
an expansion at ExxonMobil’s Singapore lubricants plant to produce synthetic
lubricants, including Mobil 1TM, its flagship synthetic
engine oil. When completed in the second half of 2017, the facility will be
the only plant in the Asia Pacific region producing Mobil 1,
demonstrating the company’s commitment to applying technology and bringing
premium products to market in support of growing demand.
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•
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ExxonMobil plans to
increase crude processing capacity at the Beaumont, Texas, refinery by
approximately 20,000 barrels per day, adding flexibility to process domestic
light crude oils. This capacity expansion further strengthens the
competitiveness of the company’s strategic assets in North America and
enhances U.S. energy security.
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Third Quarter 2015 vs. Third Quarter 2014
Upstream earnings were $1.4 billion in
the third quarter of 2015, down $5.1 billion from the third quarter of
2014. Lower liquids and gas realizations decreased earnings by $5.1 billion,
while volume and mix effects, driven by new developments, increased earnings by
$110 million. All other items decreased earnings by $70 million.
On an oil‑equivalent basis, production
increased 2.3 percent from the third quarter of 2014. Liquids production
totaled 2.3 million barrels per day, up 266,000 barrels per day, with
project ramp‑up and entitlement effects partly offset by field decline. Natural
gas production was 9.5 billion cubic feet per day, down 1.1 billion
cubic feet per day from 2014 due to regulatory restrictions in the Netherlands
and field decline, partly offset by project volumes.
U.S. Upstream earnings declined
$1.7 billion from the third quarter of 2014 to a loss of $442 million
in the third quarter of 2015. Non‑U.S. Upstream earnings were $1.8 billion,
down $3.4 billion from the prior year.
Downstream earnings were $2 billion, up
$1 billion from the third quarter of 2014. Stronger margins increased
earnings by $1.4 billion. Lower refining volumes due to higher maintenance‑related
activities decreased earnings by $280 million. All other items, including
maintenance‑driven expenditures partly offset by favorable foreign
exchange impacts, decreased earnings by $110 million. Petroleum product
sales of 5.8 million barrels per day were 211,000 barrels per day
lower than the prior year.
Earnings from the U.S. Downstream were $487 million,
up $27 million from the third quarter of 2014. Non‑U.S. Downstream
earnings of $1.5 billion were $982 million higher than last year.
Chemical earnings of $1.2 billion were $27 million
higher than the third quarter of 2014. Margins increased earnings by $210 million,
benefiting from lower feedstock costs. Volume mix effects increased earnings by
$30 million. All other items, primarily unfavorable foreign exchange
effects, decreased earnings by $210 million. Third quarter prime product
sales of 6.1 million metric tons were 167,000 metric tons lower
than the prior year's third quarter.
Corporate and financing expenses were
$378 million for the third quarter of 2015, down $192 million from
the third quarter of 2014 driven by favorable tax and financing items.
During the third quarter of 2015, ExxonMobil
purchased 6.5 million shares of its common stock for the treasury to
reduce the number of shares outstanding at a cost of $500 million. Share
purchases to reduce shares outstanding are currently anticipated to equal
$500 million in the fourth 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 Nine Months
2015 Highlights
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•
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Earnings were $13.4 billion,
down $12.6 billion, or 48 percent, from 2014.
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•
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Earnings per share,
assuming dilution, decreased 47 percent to $3.18.
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•
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Capital and
exploration expenditures were $23.6 billion, down 16 percent from
2014.
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•
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Oil‑equivalent
production increased 2.7 percent from 2014, with liquids up 10 percent
and natural gas down 5.7 percent.
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•
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Cash flow from
operations and asset sales was $27.6 billion, including proceeds
associated with asset sales of $1.6 billion.
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•
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The corporation distributed
$11.5 billion to shareholders in the first nine months of 2015 through
dividends and share purchases to reduce shares outstanding.
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First Nine Months
2015 vs. First Nine Months 2014
Upstream earnings were $6.2 billion,
down $15.8 billion from the first nine months of 2014. Lower realizations
decreased earnings by $15.1 billion. Favorable volume and mix effects
increased earnings by $680 million. All other items, primarily the absence
of prior year asset management gains, decreased earnings by $1.5 billion.
On an oil‑equivalent basis, production
of 4 million barrels per day was up 2.7 percent compared to the same
period in 2014. Liquids production of 2.3 million barrels per day
increased 213,000 barrels per day, with project ramp‑up and
entitlement effects partly offset by field decline. Natural gas production of
10.5 billion cubic feet per day decreased 630 million cubic feet per
day from 2014 as regulatory restrictions in the Netherlands and field decline were
partly offset by project ramp‑up and entitlement effects.
U.S. Upstream earnings declined $4.2 billion
from 2014 to a loss of $541 million for the first nine months of 2015.
Earnings outside the U.S. were $6.8 billion, down $11.6 billion from the
prior year.
Downstream earnings of $5.2 billion
increased $2.7 billion from 2014. Stronger margins increased earnings by $3.5 billion.
Volume and mix effects decreased earnings by $280 million. All other
items, including higher maintenance expense, decreased earnings by $580 million.
Petroleum product sales of 5.8 million barrels per day were 107,000 barrels
per day lower than 2014.
U.S. Downstream earnings were $1.5 billion,
a decrease of $153 million from 2014. Non‑U.S. Downstream earnings
were $3.7 billion, up $2.8 billion from the prior year.
Chemical earnings of $3.5 billion
increased $367 million from 2014. Higher margins increased earnings by $790 million.
Favorable volume mix effects increased earnings by $130 million. All other
items, including unfavorable foreign exchange effects partly offset by asset
management gains, decreased earnings by $560 million. Prime product sales
of 18.2 million metric tons were down 287,000 metric tons from 2014.
Corporate and financing expenses were
$1.5 billion in the first nine months of 2015, down $231 million from
2014.
During the first nine months of 2015,
ExxonMobil purchased 38 million shares of its common stock for the
treasury at a gross cost of $3.3 billion. These purchases included
$2.5 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 October 30, 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.
Mobil and Mobil 1 are
registered trademarks of Exxon Mobil Corporation.
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
|
Third
Quarter 2015
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(millions
of dollars, unless noted)
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Third
Quarter
|
Nine
Months
|
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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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67,344
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107,130
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209,075
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324,663
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Total costs and other deductions
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61,595
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93,720
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189,737
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281,875
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Income before income taxes
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5,749
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13,410
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19,338
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42,788
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Income taxes
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1,365
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5,064
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5,617
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15,955
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Net income including noncontrolling interests
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4,384
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8,346
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13,721
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26,833
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Net income attributable to noncontrolling interests
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144
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276
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351
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883
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Net income attributable to ExxonMobil (U.S. GAAP)
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4,240
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8,070
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13,370
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25,950
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Earnings per common share (dollars)
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1.01
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1.89
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3.18
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6.04
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Earnings per common share
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- assuming dilution (dollars)
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1.01
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1.89
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3.18
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6.04
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Other Financial Data
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Dividends on common stock
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Total
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3,060
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2,946
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9,036
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8,644
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Per common share (dollars)
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0.73
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0.69
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2.15
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2.01
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Millions of common shares outstanding
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At September 30
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4,163
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4,235
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Average - assuming dilution
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4,190
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4,267
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4,201
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4,297
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ExxonMobil share of equity at September 30
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170,723
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180,587
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ExxonMobil share of capital employed at September 30
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207,303
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204,903
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Income taxes
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1,365
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5,064
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5,617
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15,955
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Sales-based taxes
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5,813
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7,519
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17,308
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22,806
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All other taxes
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7,585
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9,060
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22,454
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27,223
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Total taxes
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14,763
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21,643
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45,379
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65,984
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ExxonMobil share of income taxes of
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equity companies
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686
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1,354
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2,402
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4,586
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|
Attachment
II
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|
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|
|
|
|
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|
Exxon
Mobil Corporation
|
Third
Quarter 2015
|
(millions
of dollars)
|
|
|
|
|
Third
Quarter
|
Nine
Months
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Earnings (U.S. GAAP)
|
|
|
|
|
|
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|
Upstream
|
|
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United States
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(442)
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|
1,257
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(541)
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3,694
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|
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|
Non-U.S.
|
1,800
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|
5,159
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|
6,785
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|
18,386
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|
|
Downstream
|
|
|
|
|
|
|
|
|
|
|
United States
|
487
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|
460
|
|
1,466
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|
1,619
|
|
|
|
Non-U.S.
|
1,546
|
|
564
|
|
3,740
|
|
929
|
|
|
Chemical
|
|
|
|
|
|
|
|
|
|
|
United States
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526
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|
765
|
|
1,866
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|
1,972
|
|
|
|
Non-U.S.
|
701
|
|
435
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|
1,589
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|
1,116
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|
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Corporate and financing
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(378)
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(570)
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(1,535)
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(1,766)
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|
|
Net income attributable to ExxonMobil
|
4,240
|
|
8,070
|
|
13,370
|
|
25,950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations and asset sales (billions
of dollars)
|
|
|
|
|
|
|
Net cash provided by operating activities
|
|
|
|
|
|
|
|
|
|
(U.S. GAAP)
|
9.2
|
|
12.4
|
|
26.0
|
|
37.7
|
|
|
Proceeds associated with asset sales
|
0.5
|
|
0.1
|
|
1.6
|
|
3.8
|
|
|
Cash flow from operations and asset sales
|
9.7
|
|
12.5
|
|
27.6
|
|
41.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
III
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Third
Quarter 2015
|
|
|
|
|
|
|
Third
Quarter
|
Nine
Months
|
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Net production of crude oil, natural gas
|
|
|
|
|
|
|
|
|
|
liquids, bitumen and synthetic oil,
|
|
|
|
|
|
|
|
|
|
thousand barrels per day (kbd)
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
468
|
|
442
|
|
470
|
|
448
|
|
|
|
|
Canada / South America
|
425
|
|
295
|
|
386
|
|
297
|
|
|
|
|
Europe
|
197
|
|
174
|
|
198
|
|
182
|
|
|
|
|
Africa
|
531
|
|
483
|
|
524
|
|
479
|
|
|
|
|
Asia
|
651
|
|
601
|
|
671
|
|
621
|
|
|
|
|
Australia / Oceania
|
59
|
|
70
|
|
51
|
|
60
|
|
|
|
|
|
Worldwide
|
2,331
|
|
2,065
|
|
2,300
|
|
2,087
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas production available for sale,
|
|
|
|
|
|
|
|
|
|
million cubic feet per day (mcfd)
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
3,094
|
|
3,411
|
|
3,155
|
|
3,415
|
|
|
|
|
Canada / South America
|
229
|
|
272
|
|
267
|
|
306
|
|
|
|
|
Europe
|
1,495
|
|
2,192
|
|
2,213
|
|
2,690
|
|
|
|
|
Africa
|
7
|
|
1
|
|
6
|
|
5
|
|
|
|
|
Asia
|
3,910
|
|
4,027
|
|
4,151
|
|
4,204
|
|
|
|
|
Australia / Oceania
|
789
|
|
692
|
|
693
|
|
495
|
|
|
|
|
|
Worldwide
|
9,524
|
|
10,595
|
|
10,485
|
|
11,115
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil-equivalent production (koebd)1
|
3,918
|
|
3,831
|
|
4,047
|
|
3,940
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Gas converted to oil-equivalent at 6 million cubic feet = 1
thousand barrels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
IV
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Third
Quarter 2015
|
|
|
|
|
|
Third
Quarter
|
Nine
Months
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Refinery throughput (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
1,681
|
|
1,835
|
|
1,730
|
|
1,786
|
|
|
|
Canada
|
391
|
|
409
|
|
385
|
|
402
|
|
|
|
Europe
|
1,504
|
|
1,499
|
|
1,501
|
|
1,459
|
|
|
|
Asia Pacific
|
687
|
|
655
|
|
636
|
|
681
|
|
|
|
Other
|
194
|
|
193
|
|
192
|
|
190
|
|
|
|
|
Worldwide
|
4,457
|
|
4,591
|
|
4,444
|
|
4,518
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Petroleum product sales (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
2,509
|
|
2,697
|
|
2,556
|
|
2,651
|
|
|
|
Canada
|
501
|
|
514
|
|
493
|
|
499
|
|
|
|
Europe
|
1,549
|
|
1,585
|
|
1,547
|
|
1,541
|
|
|
|
Asia Pacific
|
781
|
|
746
|
|
741
|
|
747
|
|
|
|
Other
|
448
|
|
457
|
|
442
|
|
448
|
|
|
|
|
Worldwide
|
5,788
|
|
5,999
|
|
5,779
|
|
5,886
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gasolines, naphthas
|
2,382
|
|
2,482
|
|
2,374
|
|
2,440
|
|
|
|
Heating oils, kerosene, diesel
|
1,908
|
|
1,968
|
|
1,925
|
|
1,907
|
|
|
|
Aviation fuels
|
433
|
|
445
|
|
416
|
|
429
|
|
|
|
Heavy fuels
|
372
|
|
389
|
|
380
|
|
398
|
|
|
|
Specialty products
|
693
|
|
715
|
|
684
|
|
712
|
|
|
|
|
Worldwide
|
5,788
|
|
5,999
|
|
5,779
|
|
5,886
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemical prime product sales,
|
|
|
|
|
|
|
|
|
|
thousand metric tons (kt)
|
|
|
|
|
|
|
|
|
|
|
United States
|
2,377
|
|
2,376
|
|
7,099
|
|
7,119
|
|
|
|
Non-U.S.
|
3,705
|
|
3,873
|
|
11,130
|
|
11,397
|
|
|
|
|
Worldwide
|
6,082
|
|
6,249
|
|
18,229
|
|
18,516
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment
V
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon
Mobil Corporation
|
Third
Quarter 2015
|
(millions
of dollars)
|
|
|
|
|
Third
Quarter
|
Nine
Months
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Capital and Exploration Expenditures
|
|
|
|
|
|
|
|
|
|
|
Upstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
1,992
|
|
2,261
|
|
6,207
|
|
7,051
|
|
|
|
|
Non-U.S.
|
4,382
|
|
6,163
|
|
13,330
|
|
17,031
|
|
|
|
|
Total
|
6,374
|
|
8,424
|
|
19,537
|
|
24,082
|
|
|
|
Downstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
242
|
|
364
|
|
803
|
|
888
|
|
|
|
|
Non-U.S.
|
344
|
|
416
|
|
1,031
|
|
1,114
|
|
|
|
|
Total
|
586
|
|
780
|
|
1,834
|
|
2,002
|
|
|
|
Chemical
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
452
|
|
342
|
|
1,452
|
|
1,241
|
|
|
|
|
Non-U.S.
|
217
|
|
284
|
|
699
|
|
729
|
|
|
|
|
Total
|
669
|
|
626
|
|
2,151
|
|
1,970
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
41
|
|
7
|
|
113
|
|
19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide
|
7,670
|
|
9,837
|
|
23,635
|
|
28,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration expenses charged to income
|
|
|
|
|
|
|
|
|
|
included above
|
|
|
|
|
|
|
|
|
|
|
Consolidated affiliates
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
45
|
|
39
|
|
122
|
|
178
|
|
|
|
|
Non-U.S.
|
278
|
|
279
|
|
881
|
|
948
|
|
|
|
Equity companies - ExxonMobil share
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
-
|
|
3
|
|
3
|
|
54
|
|
|
|
|
Non-U.S.
|
2
|
|
107
|
|
33
|
|
192
|
|
|
|
Worldwide
|
325
|
|
428
|
|
1,039
|
|
1,372
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
Third Quarter
|
|
4,240
|
|
|
1.01
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Computed using the average number of shares outstanding during
each period.
|
|
|
|
|
|
|
|
|
|
|
EXXON
MOBIL CORPORATION
|
|
|
|
EXHIBIT
99.2
|
|
3Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
|
|
|
|
|
|
|
|
|
|
Earnings, $M
|
3Q15
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
Upstream
|
|
|
|
|
|
|
United States
|
|
(442)
|
(47)
|
(52)
|
1,503
|
1,257
|
|
Non-U.S.
|
|
1,800
|
2,078
|
2,907
|
3,965
|
5,159
|
|
Total
|
|
1,358
|
2,031
|
2,855
|
5,468
|
6,416
|
Downstream
|
|
|
|
|
|
|
United States
|
|
487
|
412
|
567
|
(1)
|
460
|
|
Non-U.S.
|
|
1,546
|
1,094
|
1,100
|
498
|
564
|
|
Total
|
|
2,033
|
1,506
|
1,667
|
497
|
1,024
|
Chemical
|
|
|
|
|
|
|
United States
|
|
526
|
735
|
605
|
832
|
765
|
|
Non-U.S.
|
|
701
|
511
|
377
|
395
|
435
|
|
Total
|
|
1,227
|
1,246
|
982
|
1,227
|
1,200
|
|
|
|
|
|
|
|
|
|
Corporate and financing
|
(378)
|
(593)
|
(564)
|
(622)
|
(570)
|
Net income attributable to ExxonMobil (U.S. GAAP)
|
4,240
|
4,190
|
4,940
|
6,570
|
8,070
|
|
|
|
|
|
|
|
|
|
Earnings per common share (U.S. GAAP)
|
1.01
|
1.00
|
1.17
|
1.56
|
1.89
|
Earnings per common share
|
|
|
|
|
|
- assuming dilution (U.S. GAAP)
|
1.01
|
1.00
|
1.17
|
1.56
|
1.89
|
|
|
|
|
|
|
|
|
|
Capital and Exploration Expenditures, $M
|
|
|
|
|
|
Upstream
|
|
|
|
|
|
|
United States
|
|
1,992
|
2,095
|
2,120
|
2,350
|
2,261
|
|
Non-U.S.
|
|
4,382
|
4,651
|
4,297
|
6,295
|
6,163
|
|
Total
|
|
6,374
|
6,746
|
6,417
|
8,645
|
8,424
|
Downstream
|
|
|
|
|
|
|
United States
|
|
242
|
266
|
295
|
422
|
364
|
|
Non-U.S.
|
|
344
|
361
|
326
|
610
|
416
|
|
Total
|
|
586
|
627
|
621
|
1,032
|
780
|
Chemical
|
|
|
|
|
|
|
United States
|
|
452
|
570
|
430
|
449
|
342
|
|
Non-U.S.
|
|
217
|
258
|
224
|
322
|
284
|
|
Total
|
|
669
|
828
|
654
|
771
|
626
|
Other
|
41
|
60
|
12
|
16
|
7
|
|
|
|
|
|
|
|
|
|
Total Capital and Exploration Expenditures
|
7,670
|
8,261
|
7,704
|
10,464
|
9,837
|
|
|
|
|
|
|
|
|
|
Exploration Expense Charged to Income, $M
|
|
|
|
|
|
|
Consolidated
|
|
- United States
|
45
|
40
|
37
|
52
|
39
|
|
|
|
- Non-U.S.
|
278
|
329
|
274
|
484
|
279
|
|
Non-consolidated - ExxonMobil share
|
- United States
|
-
|
-
|
3
|
7
|
3
|
|
|
|
- Non-U.S.
|
2
|
23
|
8
|
49
|
107
|
Exploration Expenses Charged to Income Included Above
|
325
|
392
|
322
|
592
|
428
|
|
|
|
|
|
|
|
|
|
Effective Income Tax Rate, %
|
32%
|
45%
|
33%
|
32%
|
43%
|
|
|
|
|
|
|
|
|
|
Common Shares Outstanding, millions
|
|
|
|
|
|
|
At quarter end
|
4,163
|
4,169
|
4,181
|
4,201
|
4,235
|
|
Average - assuming dilution
|
4,190
|
4,200
|
4,211
|
4,235
|
4,267
|
|
|
|
|
|
|
|
|
|
Total Cash and Cash Equivalents, $G1
|
4.3
|
4.4
|
5.2
|
4.7
|
5.0
|
|
|
|
|
|
|
|
|
|
Total Debt, $G
|
34.3
|
33.8
|
32.8
|
29.1
|
21.8
|
|
|
|
|
|
|
|
|
|
Cash Flow from Operations and Asset Sales, $G
|
|
|
|
|
|
|
Net cash provided by operating activities
|
9.2
|
8.8
|
8.0
|
7.5
|
12.4
|
|
Proceeds associated with asset sales
|
0.5
|
0.6
|
0.5
|
0.2
|
0.1
|
|
Cash flow from operations and asset sales
|
9.7
|
9.4
|
8.5
|
7.7
|
12.5
|
|
|
|
|
|
|
|
|
|
1 Includes restricted cash of $0.0G in 3Q15, $0.1G in 2Q15, $0.1G
in 1Q15, $0.1G in 4Q14, and $0.1G in 3Q14.
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
|
|
3Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
|
|
|
|
|
|
|
|
|
|
Net production of crude oil, natural gas
|
3Q15
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
liquids, bitumen and synthetic oil, kbd
|
|
|
|
|
|
|
United States
|
|
468
|
468
|
472
|
473
|
442
|
|
Canada / South America
|
|
425
|
364
|
368
|
312
|
295
|
|
Europe
|
|
197
|
199
|
200
|
190
|
174
|
|
Africa
|
|
531
|
522
|
519
|
519
|
483
|
|
Asia
|
|
651
|
685
|
678
|
631
|
601
|
|
Australia / Oceania
|
|
59
|
53
|
40
|
57
|
70
|
Total liquids production
|
2,331
|
2,291
|
2,277
|
2,182
|
2,065
|
|
|
|
|
|
|
|
|
|
Natural gas production available for sale, mcfd
|
|
|
|
|
|
|
United States
|
|
3,094
|
3,153
|
3,220
|
3,371
|
3,411
|
|
Canada / South America
|
|
229
|
262
|
310
|
320
|
272
|
|
Europe
|
|
1,495
|
1,718
|
3,447
|
3,191
|
2,192
|
|
Africa
|
|
7
|
8
|
2
|
2
|
1
|
|
Asia
|
|
3,910
|
4,265
|
4,282
|
3,786
|
4,027
|
|
Australia / Oceania
|
|
789
|
722
|
567
|
564
|
692
|
Total natural gas production available for sale
|
9,524
|
10,128
|
11,828
|
11,234
|
10,595
|
|
|
|
|
|
|
|
|
|
Total worldwide liquids and gas production, koebd
|
3,918
|
3,979
|
4,248
|
4,054
|
3,831
|
|
|
|
|
|
|
|
|
|
Refinery throughput, kbd
|
|
|
|
|
|
|
|
United States
|
|
1,681
|
1,702
|
1,807
|
1,876
|
1,835
|
|
Canada
|
|
391
|
373
|
393
|
373
|
409
|
|
Europe
|
|
1,504
|
1,524
|
1,473
|
1,438
|
1,499
|
|
Asia Pacific
|
|
687
|
539
|
681
|
470
|
655
|
|
Other Non-U.S.
|
|
194
|
192
|
192
|
192
|
193
|
Total refinery throughput
|
|
4,457
|
4,330
|
4,546
|
4,349
|
4,591
|
|
|
|
|
|
|
|
|
|
Petroleum product sales, kbd
|
|
|
|
|
|
|
|
United States
|
|
2,509
|
2,548
|
2,612
|
2,666
|
2,697
|
|
Canada
|
|
501
|
486
|
492
|
489
|
514
|
|
Europe
|
|
1,549
|
1,555
|
1,536
|
1,597
|
1,585
|
|
Asia Pacific
|
|
781
|
695
|
748
|
644
|
746
|
|
Other Non-U.S.
|
|
448
|
453
|
426
|
449
|
457
|
Total petroleum product sales
|
|
5,788
|
5,737
|
5,814
|
5,845
|
5,999
|
|
|
|
|
|
|
|
|
|
|
Gasolines, naphthas
|
|
2,382
|
2,376
|
2,363
|
2,486
|
2,482
|
|
Heating oils, kerosene, diesel
|
|
1,908
|
1,874
|
1,994
|
1,926
|
1,968
|
|
Aviation fuels
|
|
433
|
404
|
410
|
405
|
445
|
|
Heavy fuels
|
|
372
|
377
|
395
|
371
|
389
|
|
Specialty products
|
|
693
|
706
|
652
|
657
|
715
|
Total petroleum product sales
|
|
5,788
|
5,737
|
5,814
|
5,845
|
5,999
|
|
|
|
|
|
|
|
|
|
Chemical prime product sales, kt
|
|
|
|
|
|
|
United States
|
|
2,377
|
2,401
|
2,321
|
2,409
|
2,376
|
|
Non-U.S.
|
|
3,705
|
3,677
|
3,748
|
3,310
|
3,873
|
Total chemical prime product sales
|
6,082
|
6,078
|
6,069
|
5,719
|
6,249
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
3Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
|
|
|
|
|
|
|
|
Earnings Factor Analysis, $M
|
3Q15 vs.
3Q14
|
|
3Q15 vs.
2Q15
|
|
Upstream
|
|
|
|
|
|
Prior Period
|
6,416
|
|
2,031
|
|
|
|
Realization
|
-5,100
|
|
-1,190
|
|
|
|
Volume / Mix
|
110
|
|
-30
|
|
|
|
Other
|
-70
|
|
550
|
|
|
Current Period
|
1,358
|
|
1,358
|
|
Downstream
|
|
|
|
|
|
Prior Period
|
1,024
|
|
1,506
|
|
|
|
Margin
|
1,400
|
|
320
|
|
|
|
Volume / Mix
|
-280
|
|
270
|
|
|
|
Other
|
-110
|
|
-60
|
|
|
Current Period
|
2,033
|
|
2,033
|
|
Chemical
|
|
|
|
|
|
Prior Period
|
1,200
|
|
1,246
|
|
|
|
Margin
|
210
|
|
160
|
|
|
|
Volume / Mix
|
30
|
|
40
|
|
|
|
Other
|
-210
|
|
-220
|
|
|
Current Period
|
1,227
|
|
1,227
|
|
|
|
|
|
|
|
|
Upstream Volume Factor Analysis, koebd
|
|
|
|
|
|
Prior Period
|
3,831
|
|
3,979
|
|
|
|
Entitlements - Net Interest
|
-32
|
|
-4
|
|
|
|
Entitlements - Price / Spend / Other
|
132
|
|
-26
|
|
|
|
Quotas
|
-
|
|
-
|
|
|
|
Divestments
|
-17
|
|
-4
|
|
|
|
Growth / Other
|
4
|
|
-27
|
|
|
Current Period
|
3,918
|
|
3,918
|
|
|
|
|
|
|
|
|
Sources and Uses of Funds, $G
|
3Q15
|
|
|
|
|
Beginning Cash
|
4.4
|
|
|
|
|
|
Earnings
|
4.2
|
|
|
|
|
|
Depreciation
|
4.6
|
|
|
|
|
|
Working Capital / Other
|
0.4
|
|
|
|
|
|
Proceeds Associated with Asset Sales
|
0.5
|
|
|
|
|
|
PP&E Adds / Investments and Advances
|
-6.2
|
|
|
|
|
|
Shareholder Distributions
|
-3.6
|
|
|
|
|
|
Debt / Other Financing
|
-
|
|
|
|
|
Ending Cash
|
4.3
|
|
|
|
|
|
|
|
|
|
|
Notes:
|
The 3Q15 beginning and ending balances include restricted cash
of $0.1G and $0.0G, respectively.
|
PP&E Adds / Investments and Advances includes PP&E adds
of ($6.4G) and net advances of $0.2G.
|
EXXON
MOBIL CORPORATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q15 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
|
|
|
|
|
|
|
|
|
Average Realization Data
|
3Q15
|
2Q15
|
1Q15
|
4Q14
|
3Q14
|
United States
|
|
|
|
|
|
|
ExxonMobil
|
|
|
|
|
|
|
|
Crude ($/b)
|
41.95
|
54.06
|
42.20
|
63.30
|
89.60
|
|
|
Natural Gas ($/kcf)
|
2.40
|
2.31
|
2.53
|
3.72
|
3.93
|
|
|
|
|
|
|
|
|
|
Benchmarks
|
|
|
|
|
|
|
|
WTI ($/b)
|
46.37
|
57.84
|
48.56
|
73.41
|
97.48
|
|
|
ANS-WC ($/b)
|
51.44
|
62.65
|
51.95
|
74.49
|
101.38
|
|
|
Henry Hub ($/mbtu)
|
2.77
|
2.65
|
2.99
|
4.04
|
4.07
|
|
|
|
|
|
|
|
|
Non-U.S.
|
|
|
|
|
|
|
ExxonMobil
|
|
|
|
|
|
|
|
Crude ($/b)
|
44.91
|
57.63
|
47.30
|
69.49
|
96.76
|
|
|
Natural Gas ($/kcf)
|
6.29
|
6.49
|
7.53
|
9.09
|
8.47
|
|
|
European NG ($/kcf)
|
6.67
|
7.06
|
7.43
|
8.61
|
7.64
|
|
|
|
|
|
|
|
|
|
Benchmarks
|
|
|
|
|
|
|
|
Brent ($/b)
|
50.26
|
61.92
|
53.97
|
76.27
|
101.85
|
|
|
|
|
|
|
|
|
The above numbers reflect
ExxonMobil’s current estimate of volumes and realizations given data
available as of the end of the third 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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