EX-99.2 3 f8k2q24992.htm INVESTOR RELATIONS DATA SUMMARY Document

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.EXHIBIT 99.2
To assist investors in assessing 2Q24 results, the following disclosures have been made available in this 8-K filing:
Identified items of $0.00 per share assuming dilution, as noted on page 1 of the news release
A reconciliation of cash flow from operations and asset sales excluding working capital on page 1 of this exhibit and on page 7 of the news release
2Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
Earnings/(Loss), $M (unless noted)2Q241Q244Q233Q232Q23
UpstreamUnited States2,430 1,054 84 1,566 920 
 Non-U.S.4,644 4,606 4,065 4,559 3,657 
 Total7,074 5,660 4,149 6,125 4,577 
Energy ProductsUnited States450 836 1,329 1,356 1,528 
 Non-U.S.496 540 1,878 1,086 782 
 Total946 1,376 3,207 2,442 2,310 
Chemical ProductsUnited States526 504 478 338 486 
Non-U.S.253 281 (289)(89)342 
Total779 785 189 249 828 
Specialty ProductsUnited States447 404 386 326 373 
 Non-U.S.304 357 264 293 298 
 Total751 761 650 619 671 
Corporate and Financing(310)(362)(565)(365)(506)
Net income attributable to ExxonMobil (U.S. GAAP)9,240 8,220 7,630 9,070 7,880 
Earnings/(Loss) per common share (U.S. GAAP)  2.14 2.06 1.91 2.25 1.94 
Earnings/(Loss) per common share - assuming dilution (U.S. GAAP)2.14 2.06 1.91 2.25 1.94 
Effective Income Tax Rate, %34 %36 %30 %34 %33 %
Capital and Exploration Expenditures, $M2Q241Q244Q233Q232Q23
UpstreamUnited States2,773 2,269 2,258 2,241 2,206 
Non-U.S.2,974 2,313 3,512 2,560 2,403 
Total5,747 4,582 5,770 4,801 4,609 
Energy ProductsUnited States185 179 227 261 349 
Non-U.S.367 348 485 386 382 
Total552 527 712 647 731 
Chemical ProductsUnited States157 152 211 103 152 
Non-U.S.345 281 641 268 507 
Total502 433 852 371 659 
Specialty ProductsUnited States21 22 16 14 
Non-U.S.73 68 127 95 89 
Total94 76 149 111 103 
Other144 221 274 92 64 
Total Capital and Exploration Expenditures7,039 5,839 7,757 6,022 6,166 
Exploration expenses, including dry holes153 148 139 338 133 
Cash Capital Expenditures, $M2Q241Q244Q233Q232Q23
Additions to property, plant and equipment6,235 5,074 6,228 4,920 5,359 
Net investments and advances314 206 506 276 284 
Total Cash Capital Expenditures6,549 5,280 6,734 5,196 5,643 
Total Cash and Cash Equivalents, $G26.5 33.3 31.6 33.0 29.6 
Total Debt, $G43.2 40.4 41.6 41.3 41.5 
Cash Flow from Operations and Asset Sales excluding working capital (non-GAAP), $M 2Q241Q244Q233Q232Q23
Net cash provided by operating activities (GAAP)10,560 14,664 13,682 15,963 9,383 
Proceeds associated with asset sales926 703 1,020 917 1,287 
Cash flow from operations and asset sales (non-GAAP)11,486 15,367 14,702 16,880 10,670 
Changes in operational working capital4,616 (2,008)2,191 (1,821)3,583 
Cash flow from operations and asset sales
     excluding working capital (non-GAAP)
16,102 13,359 16,893 15,059 14,253 
Common Shares Outstanding, millions2Q241Q244Q233Q232Q23
At quarter end4,443 3,943 3,971 3,963 4,003 
Weighted-average - assuming dilution¹
4,317 3,998 4,010 4,025 4,066 
¹ Includes restricted shares not vested as well as 545 million shares issued for the Pioneer merger on May 3, 2024.



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2Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
Upstream Volumes2Q241Q244Q233Q232Q23
Liquids production (kbd) ¹
 United States1,261816851756785
 Canada/Other Americas760772709655618
 Europe44344
 Africa215224231229206
 Asia714711722713702
 Australia/Oceania3030344038
Worldwide liquids production2,9842,5572,5502,3972,353
¹ Net production of crude oil, natural gas liquids, bitumen and synthetic oil, kbd.
Natural gas production available for sale (mcfd)     
 United States2,9002,2412,2622,2712,346
 Canada/Other Americas11494989497
 Europe331377367368375
 Africa16715014912986
 Asia3,4863,2743,4863,5283,350
 Australia/Oceania1,2451,2261,2831,3581,275
Worldwide natural gas production available for sale8,2437,3627,6457,7487,529
Oil-equivalent production, koebd ²
4,3583,7843,8243,6883,608
² Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Manufacturing Throughput and Sales2Q241Q244Q233Q232Q23
Refinery throughput, kbd     
 United States1,7461,9001,9331,8681,944
 Canada387407407415388
 Europe9879541,0141,2511,209
 Asia Pacific446402450517463
 Other17418082164169
Worldwide refinery throughput3,7403,8433,8864,2154,173
Energy Products sales, kbd     
 United States2,6392,5762,7042,6262,743
 Non-U.S.2,6812,6562,6532,9252,916
Worldwide Energy Products sales5,3205,2325,3575,5515,658
 Gasolines, naphthas2,2432,1782,2552,3162,401
 Heating oils, kerosene, diesel1,7181,7421,7351,8341,842
 Aviation fuels344339328358344
 Heavy fuels181214185229228
 Other energy products834759854814844
Worldwide Energy Products sales5,3205,2325,3575,5515,658
Chemical Products sales, kt
 United States1,8021,8471,7431,7501,725
 Non-U.S.3,0713,2073,0333,3583,124
Worldwide Chemical Products sales4,8735,0544,7765,1084,849
Specialty Products sales, kt
United States506495473498514
Non-U.S.1,4281,4641,3671,4141,391
Worldwide Specialty Products sales1,9331,9591,8391,9121,905









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2Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
Earnings Factor Analysis, $M
2Q24 vs 1Q24
2024 vs. 2023 (YTD)
Upstream 
Prior Period5,66011,034
Price200570
Advantaged Volume Growth (Advantaged assets)8301,680
Base Volume(20)(400)
Structural Cost Savings110320
Expenses(150)(510)
Identified Items170
Other340(340)
Timing Effects100210
Current Period7,07412,734
Energy Products 
Prior Period1,3766,493
Margin(1,090)(2,880)
Advantaged Volume Growth (Strategic projects)130
Base Volume(120)(650)
Structural Cost Savings60320
Expenses10(550)
Identified Items10
Other14020
Timing Effects570(570)
Current Period9462,322
Chemical Products 
Prior Period7851,199
Margin180100
Advantaged Volume Growth (High-value products)40260
Base Volume(120)120
Structural Cost Savings3050
Expenses(100)(150)
Other(40)(20)
Current Period7791,564
Specialty Products
Prior Period7611,445
Margin(10)100
Advantaged Volume Growth (High-value products)1020
Base Volume(20)30
Structural Cost Savings2050
Expenses(50)(80)
Other40(50)
Current Period7511,512

Upstream Volume Factor Analysis, koebd
2Q24 vs 1Q24
2024 vs. 2023 (YTD)
Prior Period3,7843,719
Entitlements - Price / Spend / Other6(21)
Government Mandates5
Divestments(12)(56)
Growth / Other580424
Current Period4,3584,071



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2Q24 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 OF 4)
Average Realization Data2Q241Q244Q233Q232Q23
United States     
ExxonMobil     
Crude ($/b)79.0074.9676.6480.4571.36
Natural Gas ($/kcf)1.042.222.552.301.45
Benchmarks     
WTI ($/b)80.7377.0678.3782.5073.78
ANS-WC ($/b)86.3181.3784.0287.9078.43
Henry Hub ($/mbtu)1.892.252.882.542.09
Non-U.S.     
ExxonMobil     
Crude ($/b)77.6072.0074.2377.4870.08
Natural Gas ($/kcf)9.7311.3712.5810.5011.44
European NG ($/kcf)11.3014.0417.3413.7114.61
Benchmarks     
Brent ($/b)84.9483.2484.0586.7678.40
The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the second quarter of 2024. 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.

Sources and Uses of Funds, $M2Q24YTD 2024   
Beginning Cash33,349 31,568    
Earnings9,240 17,460    
Depreciation5,787 10,599    
Working Capital / Other(4,467)(2,835)   
Proceeds Associated with Asset Sales926 1,629    
Cash Capital Expenditures ¹(6,549)(11,829)   
Shareholder Distributions(9,531)(16,347)   
Debt / Other Financing(3,021)(4,511)   
Cash acquired from mergers and acquisitions754 754 
Ending Cash26,488 26,488    
¹ 2Q24 Cash Capital Expenditures includes PP&E adds of $(6.2)B and net investments and advances of $(0.3)B.
 YTD 2024 Cash Capital Expenditures includes PP&E adds of $(11.3)B and net investments and advances of $(0.5)B.


Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up precisely to the totals indicated.