0000034088-13-000003.txt : 20130201 0000034088-13-000003.hdr.sgml : 20130201 20130201081923 ACCESSION NUMBER: 0000034088-13-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20130201 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20130201 DATE AS OF CHANGE: 20130201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXXON MOBIL CORP CENTRAL INDEX KEY: 0000034088 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 135409005 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02256 FILM NUMBER: 13564766 BUSINESS ADDRESS: STREET 1: 5959 LAS COLINAS BLVD CITY: IRVING STATE: TX ZIP: 75039-2298 BUSINESS PHONE: 9724441000 MAIL ADDRESS: STREET 1: 5959 LAS COLINAS BLVD CITY: IRVING STATE: TX ZIP: 75039-2298 FORMER COMPANY: FORMER CONFORMED NAME: EXXON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF NEW JERSEY DATE OF NAME CHANGE: 19721123 8-K 1 r8k020113.htm FORM 8-K





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K



CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934




Date of Report (Date of earliest event reported): February 1, 2013


Exxon Mobil Corporation

(Exact name of registrant as specified in its charter)




New Jersey

1-2256

13-5409005

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)




5959 LAS COLINAS BOULEVARD, IRVING, TEXAS 75039-2298

          (Address of principal executive offices)                                            (Zip Code)



 Registrant’s telephone number, including area code (972) 444-1000




 

 

 

 

(Former name or former address, if changed since last report)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))











Item 2.02

Results of Operations and Financial Condition

Item 7.01

Regulation FD Disclosure



The following information is furnished pursuant to both Item 2.02 and Item 7.01.


The Registrant hereby furnishes the information set forth in its News Release, dated February 1, 2013, announcing fourth quarter 2012 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 4Q12 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.












































-2-










SIGNATURE





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




EXXON MOBIL CORPORATION



Date:  February 1, 2013

By:

/s/ Patrick T. Mulva

----------------------------------------------

Name:

Patrick T. Mulva

Title:

Vice President, Controller and

Principal Accounting Officer


























-3-





INDEX TO EXHIBITS




Exhibit No.

Description


99.1

Exxon Mobil Corporation News Release, dated February 1, 2013, announcing fourth quarter 2012 results.


99.2

4Q12 Investor Relations Data Summary.













































-4-


EX-99.1 2 f8k4q991.htm NEWS RELEASE

   EXHIBIT 99.1

News Release

[f8k4q991002.gif]

 

Exxon Mobil Corporation

 

5959 Las Colinas Boulevard

 

Irving, TX  75039

 

972 444 1107 Telephone

 

972 444 1138 Facsimile

 

 

 

 

FOR IMMEDIATE RELEASE

 

FRIDAY, FEBRUARY 1, 2013

 

 

 


EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

FOURTH QUARTER 2012 RESULTS


 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

2012

2011

%

2012

2011

%

Earnings Excluding Special Items 1

 

 

 

 

 

 

   $ Millions

9,950

9,400

6

44,880

41,060

9

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

2.20

1.97

12

9.70

8.42

15

 

 

 

 

 

 

 

Special Items

 

 

 

 

 

 

   $ Millions

0

0

 

0

0

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

   $ Millions

9,950

9,400

6

44,880

41,060

9

   $ Per Common Share

 

 

 

 

 

 

      Assuming Dilution

2.20

1.97

12

9.70

8.42

15

 

 

 

 

 

 

 

Capital and Exploration

 

 

 

 

 

 

Expenditures - $ Millions

12,443

10,019

24

39,799

36,766

8

 

 

 

 

 

 

 

1 See page 8 for a reference to earnings


EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:


 “Energy is fundamental to economic growth and improved living standards. ExxonMobil’s strong financial performance enables continued investment in new energy supplies, which creates jobs and supports economic expansion.


Fourth quarter 2012 earnings were over $9.9 billion, up 6% from the fourth quarter of 2011.  Full year 2012 earnings were $44.9 billion, up 9% from 2011, with record earnings per share of $9.70.


Capital and exploration expenditures were a record $39.8 billion in 2012 as we continue pursuing opportunities to find and produce new supplies of oil and natural gas to meet global demand for energy.  





In 2012, the Corporation distributed over $30 billion to shareholders through dividends and share purchases to reduce shares outstanding.”


 

 


FOURTH QUARTER HIGHLIGHTS


Earnings of $9,950 million increased $550 million or 6% from the fourth quarter of 2011.


Earnings per share (assuming dilution) were $2.20, an increase of 12% from the fourth quarter of 2011.


Gains from asset sales in the fourth quarter of 2012 were nearly $600 million, down $800 million from the prior year.


LIFO inventory gains were over $300 million for the fourth quarter of 2012, similar to the 2011 level.


Capital and exploration expenditures were $12.4 billion, up 24% from the fourth quarter of 2011.


Oil-equivalent production decreased 5% from the fourth quarter of 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 2%.


Cash flow from operations and asset sales was $14.0 billion, including proceeds associated with asset sales of $0.8 billion.


Share purchases to reduce shares outstanding were $5 billion.


Dividends per share of $0.57 increased 21% compared to the fourth quarter of 2011.


ExxonMobil commenced start-up operations at one of the world’s largest ethylene steam crackers, the centerpiece of the company’s multi-billion dollar expansion at its Singapore petrochemical complex.  Powered by a new 220-megawatt cogeneration plant, the expansion adds 2.6 million tonnes per year of new finished product capacity.


As announced on January 4, 2013, ExxonMobil will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase versus earlier estimates. Capital cost for the project, which is expected to begin oil production around the end of 2017, is estimated at $14 billion. The platform is being designed for daily production of 150,000 barrels of oil.




-2-


Fourth Quarter 2012 vs. Fourth Quarter 2011


Upstream earnings were $7,762 million in the fourth quarter of 2012, down $1,067 million from the fourth quarter of 2011.  Lower liquids realizations, partially offset by improved natural gas realizations, decreased earnings by $70 million.  Production volume and mix effects reduced earnings by $400 million.  All other items, including over $500 million of lower gains from asset sales, decreased earnings by a net $600 million.


On an oil-equivalent basis, production decreased 5.2% from the fourth quarter of 2011. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production decreased 2.1%.


Liquids production totaled 2,203 kbd (thousands of barrels per day), down 47 kbd from the fourth quarter of 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was down 1.4%, as field decline was partially offset by project ramp-up in West Africa and lower downtime.


Fourth quarter natural gas production was 12,541 mcfd (millions of cubic feet per day), down 1,136 mcfd from 2011.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 2.8%, as field decline was partially offset by higher demand and lower downtime.


Earnings from U.S. Upstream operations were $1,604 million, $420 million higher than the fourth quarter of 2011.  Non-U.S. Upstream earnings were $6,158 million, down $1,487 million from the prior year.


Downstream earnings were $1,768 million, up $1,343 million from the fourth quarter of 2011.  Stronger refining-driven margins increased earnings by $1.2 billion, while volume and mix effects contributed an additional $80 million.  All other items increased earnings by about $80 million.  Petroleum product sales of 6,108 kbd were 385 kbd lower than last year's fourth quarter due mainly to the Japan restructuring and divestments.



-3-



Earnings from the U.S. Downstream were $697 million, up $667 million from the fourth quarter of 2011.  Non-U.S. Downstream earnings of $1,071 million were $676 million higher than last year.


Chemical earnings of $958 million were $415 million higher than the fourth quarter of 2011.  Higher margins, mainly commodities, increased earnings by $330 million.  All other items increased earnings by $90 million.  Fourth quarter prime product sales of 5,901 kt (thousands of metric tons) were 370 kt lower than last year's fourth quarter due mainly to the Japan restructuring.


Corporate and financing expenses were $538 million for the fourth quarter of 2012, up $141 million from the fourth quarter of 2011, due mainly to tax impacts.


During the fourth quarter of 2012, Exxon Mobil Corporation purchased 59 million shares of its common stock for the treasury at a gross cost of $5.3 billion.  These purchases included $5.0 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.  Share purchases to reduce shares outstanding are currently anticipated to equal $5 billion in the first quarter of 2013.  Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time without prior notice.




-4-



Full Year 2012 vs. Full Year 2011


Earnings of $44,880 million increased $3,820 million from 2011.  Earnings per share increased 15% to $9.70.  



FULL YEAR HIGHLIGHTS


Earnings were $44,880 million, up 9%.


Earnings include $9.9 billion of divestment and restructuring gains, mainly Japan of $6.5 billion.


Earnings per share increased 15% to $9.70.


Oil-equivalent production was down 6% from 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 2%.


Cash flow from operations and asset sales was $63.8 billion, including proceeds associated with asset sales of $7.7 billion.


The Corporation distributed over $30 billion to shareholders in 2012 through dividends and share purchases to reduce shares outstanding.


Capital and exploration expenditures were a record $39.8 billion.


The Corporation participated in three major liquids project start-ups in West Africa in 2012 with capacity of 350 thousand gross barrels of oil per day.



Upstream earnings were $29,895 million, down $4,544 million from 2011.  Lower liquids realizations, partly offset by improved natural gas realizations, decreased earnings by about $100 million.  Production volume and mix effects decreased earnings by $2.3 billion.  All other items, including higher operating expenses, unfavorable tax items, lower gains on asset sales, and unfavorable foreign exchange effects, reduced earnings by $2.1 billion.


On an oil-equivalent basis, production was down 5.9% compared to 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was down 1.7%.


Liquids production of 2,185 kbd decreased 127 kdb from 2011.  Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, liquids production was



-5-


down 1.6%, as field decline was partly offset by project ramp-up in West Africa and lower downtime.


Natural gas production of 12,322 mcfd decreased 840 mcfd from 2011.  Excluding the impacts of entitlement volumes and divestments, natural gas production was down 1.9%, as field decline was partially offset by higher demand and lower downtime.


Earnings from U.S. Upstream operations for 2012 were $3,925 million, down $1,171 million from 2011.  Earnings outside the U.S. were $25,970 million, down $3,373 million.


Downstream earnings of $13,190 million increased $8,731 million from 2011.  Stronger refining-driven margins increased earnings by $2.6 billion, while volume and mix effects increased earnings by about $200 million.  All other items increased earnings by $5.9 billion due primarily to the $5.3 billion gain associated with the Japan restructuring and other divestment gains.  Petroleum product sales of 6,174 kbd decreased 239 kbd from 2011 due mainly to the Japan restructuring and divestments.


U.S. Downstream earnings were $3,575 million, up $1,307 million from 2011.  Non-U.S. Downstream earnings were $9,615 million, an increase of $7,424 million from last year.


Chemical earnings of $3,898 million were $485 million lower than 2011.  Margins decreased earnings by $440 million, while volume effects lowered earnings by $100 million.  All other items increased earnings by $50 million, as a $630 million gain associated with the Japan restructuring and favorable tax impacts were mostly offset by unfavorable foreign exchange effects and higher operating expenses.  Prime product sales of 24,157 kt were down 849 kt from 2011.


Corporate and financing expenses were $2,103 million, down $118 million from 2011.


Gross share purchases for 2012 were $21.1 billion, reducing shares outstanding by 244 million shares.


Estimates of key financial and operating data follow.  



-6-



ExxonMobil will discuss financial and operating results and other matters on a webcast at 8:30 a.m. Central time on February 1, 2013.  To listen to the event live or in archive, go to our website at 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 2011 Form 10-K.  We assume no duty to update these statements as of any future date.



-7-



Frequently used terms


Consistent with previous practice, this press release includes both earnings excluding special items and earnings per share excluding special items.  Both are non-GAAP financial measures and are included to help facilitate comparisons of base business performance across periods. Reconciliation to net income attributable to ExxonMobil is shown in Attachment II.  The release also includes cash flow from operations and asset sales.  Because of the regular nature of our asset management and divestment program, we believe it is useful for investors to consider 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 in this release to barrels of oil include amounts that are not yet classified as proved reserves under SEC definitions but that we believe will ultimately be produced.  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.


The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.  For example, a single project for purposes of the rule may encompass numerous properties, agreements, investments, developments, phases, work efforts, activities and components, each of which we may also informally describe as a “project”.


Reference to Earnings


References to total corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the income statement.  Unless otherwise indicated, references to earnings, special items, earnings excluding special items, Upstream, Downstream, Chemical and Corporate and Financing segment earnings, and earnings per share are ExxonMobil's share after excluding amounts attributable to noncontrolling interests.





-8-



 

Attachment I

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2012

 

 

(millions of dollars, unless noted)

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2012

2011

 

2012

2011

 

 

Earnings / Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income

115,173

121,609

 

482,295

486,429

 

 

Total costs and other deductions

97,473

104,568

 

403,569

413,172

 

 

Income before income taxes

17,700

17,041

 

78,726

73,257

 

 

Income taxes

7,398

7,317

 

31,045

31,051

 

 

Net income including noncontrolling interests

10,302

9,724

 

47,681

42,206

 

 

Net income attributable to noncontrolling interests

352

324

 

2,801

1,146

 

 

Net income attributable to ExxonMobil (U.S. GAAP)

9,950

9,400

 

44,880

41,060

 

 

 

 

 

 

 

 

 

 

Earnings per common share (dollars)

2.20

1.97

 

9.70

8.43

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

- assuming dilution (dollars)

2.20

1.97

 

9.70

8.42

 

 

 

 

 

 

 

 

 

 

Other Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends on common stock

 

 

 

 

 

 

 

Total

2,592

2,247

 

10,092

9,020

 

 

Per common share (dollars)

0.57

0.47

 

2.18

1.85

 

 

 

 

 

 

 

 

 

 

Millions of common shares outstanding

 

 

 

 

 

 

 

At December 31

 

 

 

4,502

4,734

 

 

Average - assuming dilution

4,541

4,775

 

4,628

4,875

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of equity at December 31

 

 

 

165,863

154,396

 

 

ExxonMobil share of capital employed at December 31

 

 

182,781

175,406

 

 

 

 

 

 

 

 

 

 

Income taxes

7,398

7,317

 

31,045

31,051

 

 

Sales-based taxes

7,752

8,490

 

32,409

33,503

 

 

All other taxes

8,966

10,969

 

38,857

43,544

 

 

Total taxes

24,116

26,776

 

102,311

108,098

 

 

 

 

 

 

 

 

 

 

ExxonMobil share of income taxes of

 

 

 

 

 

 

 

equity companies

1,360

1,296

 

5,859

5,603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-9-



 

Attachment II

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2012

 

 

(millions of dollars)

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2012

2011

 

2012

2011

 

 

Earnings (U.S. GAAP)

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,604

1,184

 

3,925

5,096

 

 

Non-U.S.

6,158

7,645

 

25,970

29,343

 

 

Downstream

 

 

 

 

 

 

 

United States

697

30

 

3,575

2,268

 

 

Non-U.S.

1,071

395

 

9,615

2,191

 

 

Chemical

 

 

 

 

 

 

 

United States

728

383

 

2,220

2,215

 

 

Non-U.S.

230

160

 

1,678

2,168

 

 

Corporate and financing

(538)

(397)

 

(2,103)

(2,221)

 

 

Net income attributable to ExxonMobil

9,950

9,400

 

44,880

41,060

 

 

Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Downstream

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Chemical

 

 

 

 

 

 

 

United States

0

0

 

0

0

 

 

Non-U.S.

0

0

 

0

0

 

 

Corporate and financing

0

0

 

0

0

 

 

Corporate total

0

0

 

0

0

 

 

Earnings Excluding Special Items

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

1,604

1,184

 

3,925

5,096

 

 

Non-U.S.

6,158

7,645

 

25,970

29,343

 

 

Downstream

 

 

 

 

 

 

 

United States

697

30

 

3,575

2,268

 

 

Non-U.S.

1,071

395

 

9,615

2,191

 

 

Chemical

 

 

 

 

 

 

 

United States

728

383

 

2,220

2,215

 

 

Non-U.S.

230

160

 

1,678

2,168

 

 

Corporate and financing

(538)

(397)

 

(2,103)

(2,221)

 

 

Corporate total

9,950

9,400

 

44,880

41,060

 

 

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

 

 

 

 

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

13.2

10.7

 

56.1

55.4

 

 

Proceeds associated with asset sales

0.8

6.9

 

7.7

11.1

 

 

Cash flow from operations and asset sales

14.0

17.6

 

63.8

66.5

 



-10-



Attachment III 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2012

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2012

2011

 

2012

2011

 

 

Net production of crude oil

 

 

 

 

 

 

 

and natural gas liquids,

 

 

 

 

 

 

 

thousands of barrels daily (kbd)

 

 

 

 

 

 

 

  United States

430

432

 

418

423

 

 

  Canada/South America

268

247

 

251

252

 

 

  Europe

205

257

 

207

270

 

 

  Africa

479

468

 

487

508

 

 

  Asia

776

800

 

772

808

 

 

  Australia/Oceania

45

46

 

50

51

 

 

Worldwide

2,203

2,250

 

2,185

2,312

 

 

 

 

Natural gas production available for sale,

 

 

 

 

 

 

 

millions of cubic feet daily (mcfd)

 

 

 

 

 

 

 

  United States

3,747

4,005

 

3,822

3,917

 

 

  Canada/South America

346

400

 

362

412

 

 

  Europe

3,627

3,866

 

3,220

3,448

 

 

  Africa

15

8

 

17

7

 

 

  Asia

4,477

5,103

 

4,538

5,047

 

 

  Australia/Oceania

329

295

 

363

331

 

 

Worldwide

12,541

13,677

 

12,322

13,162

 

 

 

 

 

 

 

 

 

 

Oil-equivalent production (koebd) 1

4,293

4,530

 

4,239

4,506

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 



-11-



 

Attachment IV

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2012

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2012

2011

 

2012

2011

 

 

Refinery throughput (kbd)

 

 

 

 

 

 

 

United States

1,856

1,839

 

1,816

1,784

 

 

Canada

468

433

 

435

430

 

 

Europe

1,499

1,526

 

1,504

1,528

 

 

Asia Pacific

823

1,157

 

998

1,180

 

 

Other

191

295

 

261

292

 

 

Worldwide

4,837

5,250

 

5,014

5,214

 

 

 

 

 

 

 

 

 

 

Petroleum product sales (kbd)

 

 

 

 

 

 

 

United States

2,737

2,579

 

2,569

2,530

 

 

Canada

470

463

 

453

455

 

 

Europe

1,537

1,592

 

1,571

1,596

 

 

Asia Pacific

896

1,221

 

1,016

1,204

 

 

Other

468

638

 

565

628

 

 

Worldwide

6,108

6,493

 

6,174

6,413

 

 

 

 

 

 

 

 

 

 

Gasolines, naphthas

2,500

2,626

 

2,489

2,541

 

 

Heating oils, kerosene, diesel

1,881

2,080

 

1,947

2,019

 

 

Aviation fuels

487

492

 

473

492

 

 

Heavy fuels

499

568

 

515

588

 

 

Specialty products

741

727

 

750

773

 

 

Worldwide

6,108

6,493

 

6,174

6,413

 

 

 

 

 

 

 

 

 

 

Chemical prime product sales,

 

 

 

 

 

 

 

thousands of metric tons (kt)

 

 

 

 

 

 

 

United States

2,378

2,392

 

9,381

9,250

 

 

Non-U.S.

3,523

3,879

 

14,776

15,756

 

 

Worldwide

5,901

6,271

 

24,157

25,006

 

 

 

 

 

 

 

 

 




-12-



 

Attachment V

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

FOURTH QUARTER 2012

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Fourth Quarter

 

Twelve Months

 

 

 

2012

2011

 

2012

2011

 

 

Capital and Exploration Expenditures

 

 

 

 

 

 

 

Upstream

 

 

 

 

 

 

 

United States

4,036

2,414

 

11,080

10,741

 

 

Non-U.S.

7,328

6,589

 

25,004

22,350

 

 

Total

11,364

9,003

 

36,084

33,091

 

 

Downstream

 

 

 

 

 

 

 

United States

192

152

 

634

518

 

 

Non-U.S.

479

493

 

1,628

1,602

 

 

Total

671

645

 

2,262

2,120

 

 

Chemical

 

 

 

 

 

 

 

United States

129

93

 

408

290

 

 

Non-U.S.

258

235

 

1,010

1,160

 

 

Total

387

328

 

1,418

1,450

 

 

 

 

 

 

 

 

 

 

Other

21

43

 

35

105

 

 

 

 

 

 

 

 

 

 

Worldwide

12,443

10,019

 

39,799

36,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expenses charged to income

 

 

 

 

 

 

 

included above

 

 

 

 

 

 

 

Consolidated affiliates

 

 

 

 

 

 

 

United States

101

88

 

392

268

 

 

Non-U.S.

349

332

 

1,441

1,802

 

 

Equity companies - ExxonMobil share

 

 

 

 

 

 

 

United States

6

3

 

9

10

 

 

Non-U.S.

2

9

 

17

13

 

 

Worldwide

458

432

 

1,859

2,093

 

 

 

 

 

 

 

 

 




-13-



 

Attachment VI

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ Millions

 

   $ Per Common Share 1

 

 

 

 

 

 

 

2008

 

 

 

 

 

First Quarter

10,890

 

2.03

 

 

Second Quarter

11,680

 

2.24

 

 

Third Quarter

14,830

 

2.86

 

 

Fourth Quarter

7,820

 

1.55

 

 

Year

45,220

 

8.70

 

 

 

 

 

 

 

 

2009

 

 

 

 

 

First Quarter

4,550

 

0.92

 

 

Second Quarter

3,950

 

0.82

 

 

Third Quarter

4,730

 

0.98

 

 

Fourth Quarter

6,050

 

1.27

 

 

Year

19,280

 

3.99

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

First Quarter

6,300

 

1.33

 

 

Second Quarter

7,560

 

1.61

 

 

Third Quarter

7,350

 

1.44

 

 

Fourth Quarter

9,250

 

1.86

 

 

Year

30,460

 

6.24

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

1 Computed using the average number of shares outstanding during each period.

 

 

  The sum of the four quarters may not add to the full year.

 

 

 

 

 

 

 






-14-


EX-99.2 3 f8k4q992.htm INVESTOR RELATIONS DATA SUMMARY



EXHIBIT 99.2

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)

 

Earnings, $M

4Q12

3Q12

2Q12

1Q12

4Q11

Upstream

  United States

1,604 

633 

678 

1,010 

1,184 

  Non-U.S.

6,158 

5,340 

7,680 

6,792 

7,645 

  Total

7,762 

5,973 

8,358 

7,802 

8,829 

Downstream

  United States

697 

1,441 

834 

603 

30 

  Non-U.S.

1,071 

1,749 

5,812 

983 

395 

  Total

1,768 

3,190 

6,646 

1,586 

425 

Chemical

  United States

728 

565 

494 

433 

383 

  Non-U.S.

230 

225 

955 

268 

160 

  Total

958 

790 

1,449 

701 

543 

 

 

 

 

 

 

Corporate and financing

(538)

(383)

(543)

(639)

(397)

Net income attributable to ExxonMobil (U.S. GAAP)

9,950 

9,570 

15,910 

9,450 

9,400 

Earnings per common share (U.S. GAAP)

2.20 

2.09 

3.41 

2.00 

1.97 

Earnings per common share

 - assuming dilution (U.S. GAAP)

2.20 

2.09 

3.41 

2.00 

1.97 

 

 

 

 

 

 

Special Items, $M

Upstream

  United States

  Non-U.S.

  Total

Downstream

  United States

  Non-U.S.

  Total

Chemical

  United States

  Non-U.S.

  Total

 

 

 

 

 

 

Corporate and financing

Corporate total

 

Earnings Excluding Special Items, $M

Upstream

  United States

1,604 

633 

678 

1,010 

1,184 

  Non-U.S.

6,158 

5,340 

7,680 

6,792 

7,645 

  Total

7,762 

5,973 

8,358 

7,802 

8,829 

Downstream

 

 

 

 

 

  United States

697 

1,441 

834 

603 

30 

  Non-U.S.

1,071 

1,749 

5,812 

983 

395 

  Total

1,768 

3,190 

6,646 

1,586 

425 

Chemical

  United States

728 

565 

494 

433 

383 

  Non-U.S.

230 

225 

955 

268 

160 

  Total

958 

790 

1,449 

701 

543 

 

 

 

 

 

 

Corporate and financing

(538)

(383)

(543)

(639)

(397)

Corporate total

9,950 

9,570 

15,910 

9,450 

9,400 

EPS excluding Special Items - assuming dilution

2.20 

2.09 

3.41 

2.00 

1.97 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Net production of crude oil and

4Q12

3Q12

2Q12

1Q12

4Q11

natural gas liquids, kbd

  United States

430 

397 

419 

426 

432 

  Canada/South America

268 

247 

243 

248 

247 

  Europe

205 

181 

213 

228 

257 

  Africa

479 

492 

514 

464 

468 

  Asia

776 

744 

766 

802 

800 

  Australia/Oceania

45 

55 

53 

46 

46 

Total liquids production

2,203 

2,116 

2,208 

2,214 

2,250 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas production available for sale, mcfd

  United States

3,747 

3,712 

3,897 

3,932 

4,005 

  Canada/South America

346 

340 

392 

377 

400 

  Europe

3,627 

2,233 

2,578 

4,447 

3,866 

  Africa

15 

16 

25 

12 

  Asia

4,477 

4,287 

4,379 

5,011 

5,103 

  Australia/Oceania

329 

473 

390 

257 

295 

Total natural gas production available for sale

12,541 

11,061 

11,661 

14,036 

13,677 

 

 

 

 

 

 

 

 

 

 

 

 

Total worldwide liquids and gas production, koebd

4,293 

3,960 

4,152 

4,553 

4,530 

 

 

 

 

 

 

Refinery throughput, kbd

  United States

1,856 

1,841 

1,740 

1,825 

1,839 

  Canada

468 

449 

384 

438 

433 

  Europe

1,499 

1,547 

1,489 

1,481 

1,526 

  Asia Pacific

823 

813 

1,064 

1,296 

1,157 

  Other Non-U.S.

191 

279 

285 

290 

295 

Total refinery throughput

4,837 

4,929 

4,962 

5,330 

5,250 

 

 

 

 

 

 

Petroleum product sales, kbd

  United States

2,737 

2,576 

2,488 

2,473 

2,579 

  Canada

470 

499 

421 

423 

463 

  Europe

1,537 

1,601 

1,582 

1,564 

1,592 

  Asia Pacific

896 

874 

1,065 

1,232 

1,221 

  Other Non-U.S.

468 

555 

615 

624 

638 

Total petroleum product sales

6,108 

6,105 

6,171 

6,316 

6,493 

 

 

 

 

 

 

  Gasolines, naphthas

2,500 

2,447 

2,489 

2,522 

2,626 

  Heating oils, kerosene, diesel

1,881 

1,897 

1,915 

2,096 

2,080 

  Aviation fuels

487 

495 

452 

458 

492 

  Heavy fuels

499 

502 

554 

505 

568 

  Specialty products

741 

764 

761 

735 

727 

Total petroleum product sales

6,108 

6,105 

6,171 

6,316 

6,493 

 

 

 

 

 

 

Chemical prime product sales, kt

  United States

 2,378 

 2,342 

 2,296 

 2,365 

 2,392 

  Non-U.S.

3,523 

3,605 

3,676 

3,972 

3,879 

Total chemical prime product sales

 5,901 

 5,947 

 5,972 

 6,337 

 6,271 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

4Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)

 

Supplemental Information (continued)

 

 

 

 

 

 

Average Realization Data

4Q12

3Q12

2Q12

1Q12

4Q11

United States

  ExxonMobil

    Crude ($/b)

92.19

96.36

96.46

105.68

102.63

    Natural Gas ($/kcf)

3.27

2.74

2.20

2.74

3.44

 

 

 

 

 

 

  Benchmarks

    WTI ($/b)

88.09

92.11

93.44

102.99

94.07

    ANS-WC ($/b)

107.04

109.08

110.01

118.31

110.36

    Henry Hub ($/mbtu)

3.41

2.80

2.21

2.72

3.54

 

 

 

 

 

 

Non-U.S.

  ExxonMobil

    Crude ($/b)

104.53

104.32

103.41

114.27

106.10

    Natural Gas ($/kcf)

9.52

9.01

9.33

9.44

9.18

    European NG ($/kcf)

10.20

9.28

9.67

10.11

10.18

 

 

 

 

 

 

  Benchmarks

    Brent ($/b)

110.02

109.61

108.19

118.49

109.31

 

 

 

 

 

 

Capital and Exploration Expenditures, $M

Upstream

  United States

 4,036 

 1,960 

 2,662 

 2,422 

 2,414 

  Non-U.S.

7,328 

6,288 

5,731 

5,657 

6,589 

  Total

 11,364 

 8,248 

 8,393 

 8,079 

 9,003 

Downstream

  United States

 192 

 156 

 176 

 110 

 152 

  Non-U.S.

479 

427 

393 

329 

493 

  Total

 671 

 583 

 569 

 439 

 645 

Chemical

  United States

 129 

 110 

 95 

 74 

 93 

  Non-U.S.

258 

240 

273 

239 

235 

  Total

 387 

 350 

 368 

 313 

 328 

Other

 21 

 2 

 9 

 3 

 43 

 

 

 

 

 

 

Total Capital and Exploration Expenditures

 12,443 

 9,183 

 9,339 

 8,834 

 10,019 

 

 

 

 

 

 

Exploration Expense Charged to Income, $M

  Consolidated - United States

101 

105 

83 

103 

88 

                        - Non-U.S.

349 

387 

288 

417 

332 

  Non-consolidated - ExxonMobil share - United States

                                                               - Non-U.S.

Exploration Expenses Charged to Income Included Above

458 

499 

375 

527 

432 

 

 

 

 

 

 

Effective Income Tax Rate, %

46%

47%

36%

49%

47%

 

 

 

 

 

 

Common Shares Outstanding (millions)

  At quarter end

 4,502 

 4,559 

 4,616 

 4,676 

 4,734 

  Average - assuming dilution

 4,541 

 4,597 

 4,657 

 4,716 

 4,775 

 

 

 

 

 

 

Total Cash, Cash Equivalent and Marketable Securities ($G)1

9.9 

13.3 

18.0 

19.1 

13.1 

 

 

 

 

 

 

Total Debt ($G)

11.6 

12.4 

15.6 

15.7 

17.0 

 

 

 

 

 

 

Cash Flow from Operations and Asset Sales ($G)

  Net cash provided by operating activities

 13.2 

 13.4 

 10.2 

 19.3 

 10.7 

  Proceeds associated with asset sales

0.8 

0.6 

3.7 

2.6 

6.9 

  Cash flow from operations and asset sales

 14.0 

 14.0 

 13.9 

 21.9 

 17.6 

 

 

 

 

 

 

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

the fourth quarter of 2012.  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.

1 Includes restricted cash of $0.3G in 4Q12, $0.2G in 3Q12, $0.2G in 2Q12, $0.5G in 1Q12, and $0.4G in 4Q11

 

 

 

 

 

 

 

 

 

 

 

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

4Q12 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)

 

 

 

 

 

 

 

 

Earnings Factor Analysis, $M

4Q12 vs. 4Q11

4Q12 vs. 3Q12

  2012 vs. 2011

 

 

Upstream

  Prior Period

8,829

5,973

34,439

 

 

    Realization

-70

-50

-110

 

 

    Volume/Mix

-400

660

-2,340

 

 

    Other

-600

1,180

-2,100

 

 

  Current Period

7,762

7,762

29,895

 

 

Downstream

  Prior Period

425

3,190

4,459

 

 

    Margin

1,180

-1,410

2,640

 

 

    Volume/Mix

80

260

180

 

 

    Other

80

-270

5,910

 

 

  Current Period

1,768

1,768

13,190

 

 

Chemical

  Prior Period

543

790

4,383

 

 

    Margin

330

180

-440

 

 

    Volume/Mix

20

-10

-100

 

 

    Other

70

0

50

 

 

  Current Period

958

958

3,898

 

 

 

 

 

 

 

 

Upstream Volume Factor Analysis, KOEBD

  Prior Period

4,530

3,960

4,506

 

 

    Entitlements

-109

92

-139

 

 

    Quotas

12

0

9

 

 

    Divestments

-44

-7

-61

 

 

    Net Growth

-96

248

-76

 

 

  Current Period

4,293

4,293

4,239

 

 

 

 

 

 

 

 

Sources and Uses of Funds ($G)

4Q12

 

 

 

 

  Beginning Cash

13.3

 

 

 

 

    Earnings

10.0

 

 

 

 

    Depreciation

4.1

 

 

 

 

    Working Capital / Other

-0.9

 

 

 

 

    Proceeds Associated with Asset Sales

0.8

 

 

 

 

    Additions to PP&E

-10.1

 

 

 

 

    Shareholder Distributions

-7.6

 

 

 

 

    Additional Financing / Investing

0.3

 

 

 

 

  Ending Cash

9.9

 

 

 

 

 

 

 

 

 

 

Notes:

Earnings exclude special items, if applicable.

The 4Q12 beginning and ending balances include restricted cash of $0.2G and $0.3G, respectively.



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