EX-99.2 3 f8k4q23992.htm INVESTOR RELATIONS DATA SUMMARY Document

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.EXHIBIT 99.2
To assist investors in assessing 4Q23 results, the following disclosures have been made available in this 8-K filing:
Identified items of $(0.57) 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 8 of the news release
4Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
Earnings/(Loss), $M (unless noted)4Q233Q232Q231Q234Q22
UpstreamUnited States84 1,566 920 1,632 2,493 
 Non-U.S.4,065 4,559 3,657 4,825 5,708 
 Total4,149 6,125 4,577 6,457 8,201 
Energy ProductsUnited States1,329 1,356 1,528 1,910 2,188 
 Non-U.S.1,878 1,086 782 2,273 1,882 
 Total3,207 2,442 2,310 4,183 4,070 
Chemical ProductsUnited States478 338 486 324 298 
Non-U.S.(289)(89)342 47 (48)
Total189 249 828 371 250 
Specialty ProductsUnited States386 326 373 451 406 
 Non-U.S.264 293 298 323 354 
 Total650 619 671 774 760 
Corporate and Financing(565)(365)(506)(355)(531)
Net income attributable to ExxonMobil (U.S. GAAP)7,630 9,070 7,880 11,430 12,750 
Earnings/(Loss) per common share (U.S. GAAP)  1.91 2.25 1.94 2.79 3.09 
Earnings/(Loss) per common share - assuming dilution (U.S. GAAP)1.91 2.25 1.94 2.79 3.09 
Effective Income Tax Rate, %30 %34 %33 %34 %36 %
Capital and Exploration Expenditures, $M4Q233Q232Q231Q234Q22
UpstreamUnited States2,258 2,241 2,206 2,108 2,118 
Non-U.S.3,512 2,560 2,403 2,473 3,297 
Total5,770 4,801 4,609 4,581 5,415 
Energy ProductsUnited States227 261 349 358 343 
Non-U.S.485 386 382 327 405 
Total712 647 731 685 748 
Chemical ProductsUnited States211 103 152 285 332 
Non-U.S.641 268 507 546 824 
Total852 371 659 831 1,156 
Specialty ProductsUnited States22 16 14 11 12 
Non-U.S.127 95 89 80 90 
Total149 111 103 91 102 
Other274 92 64 192 42 
Total Capital and Exploration Expenditures7,757 6,022 6,166 6,380 7,463 
Exploration expenses, including dry holes139 338 133 141 348 
Cash Capital Expenditures, $M4Q233Q232Q231Q234Q22
Additions to property, plant and equipment6,228 4,920 5,359 5,412 5,783 
Net investments and advances506 276 284 367 905 
Total Cash Capital Expenditures6,734 5,196 5,643 5,779 6,688 
Total Cash and Cash Equivalents, $G31.6 33.0 29.6 32.7 29.7 
Total Debt, $G41.6 41.3 41.5 41.4 41.2 
Cash Flow from Operations and Asset Sales excluding working capital (non-GAAP), $M 4Q233Q232Q231Q234Q22
Net cash provided by operating activities (GAAP)13,682 15,963 9,383 16,341 17,621 
Proceeds associated with asset sales1,020 917 1,287 854 1,333 
Cash flow from operations and asset sales (non-GAAP)14,702 16,880 10,670 17,195 18,954 
Changes in operational working capital2,191 (1,821)3,583 302 200 
Cash flow from operations and asset sales
     excluding working capital (non-GAAP)
16,893 15,059 14,253 17,497 19,154 
Common Shares Outstanding, millions4Q233Q232Q231Q234Q22
At quarter end3,971 3,963 4,003 4,043 4,082 
Weighted-average - assuming dilution4,010 4,025 4,066 4,102 4,138 



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4Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
Upstream Volumes4Q233Q232Q231Q234Q22
Liquids production (kbd) ¹
 United States851756785820789
 Canada/Other Americas709655618670682
 Europe34444
 Africa231229206220223
 Asia722713702749725
 Australia/Oceania3440383238
Worldwide liquids production2,5502,3972,3532,4952,461
¹ Net production of crude oil, natural gas liquids, bitumen and synthetic oil, kbd.
Natural gas production available for sale (mcfd)     
 United States2,2622,2712,3462,3672,383
 Canada/Other Americas9894979474
 Europe367368375548536
 Africa1491298613489
 Asia3,4863,5283,3503,5973,704
 Australia/Oceania1,2831,3581,2751,2761,381
Worldwide natural gas production available for sale7,6457,7487,5298,0168,167
Oil-equivalent production, koebd ²
3,8243,6883,6083,8313,822
² Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Manufacturing Throughput and Sales4Q233Q232Q231Q234Q22
Refinery throughput, kbd     
 United States1,9331,8681,9441,6431,694
 Canada407415388417433
 Europe1,0141,2511,2091,1891,157
 Asia Pacific450517463565532
 Other82164169184167
Worldwide refinery throughput3,8864,2154,1733,9983,983
Energy Products sales, kbd     
 United States2,7042,6262,7432,4592,507
 Non-U.S.2,6532,9252,9162,8182,916
Worldwide Energy Products sales5,3575,5515,6585,2775,423
 Gasolines, naphthas2,2552,3162,4012,1772,270
 Heating oils, kerosene, diesel1,7351,8341,8421,7701,798
 Aviation fuels328358344312349
 Heavy fuels185229228215210
 Other energy products854814844803796
Worldwide Energy Products sales5,3575,5515,6585,2775,423
Chemical Products sales, kt
 United States1,7431,7501,7251,5611,583
 Non-U.S.3,0333,3583,1243,0883,076
Worldwide Chemical Products sales4,7765,1084,8494,6494,658
Specialty Products sales, kt
United States473498514476455
Non-U.S.1,3671,4141,3911,4641,332
Worldwide Specialty Products sales1,8391,9121,9051,9401,787







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4Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
Earnings Factor Analysis, $M
4Q23 vs 4Q22
4Q23 vs 3Q23
2023 vs 2022
Upstream  
Prior Period8,201 6,125 36,479 
Realization(3,490)— (16,670)
Volume / Mix490 550 970 
Expenses10 20 (420)
Identified Items(1,560)(2,100)640 
Other500 (450)310 
Current Period4,149 4,149 21,308 
Energy Products  
Prior Period4,070 2,442 14,966 
Margin(1,550)190 (3,190)
Volume / Mix(130)(120)80 
Expenses(160)(170)(540)
Identified Items870 220 830 
Other110 640 — 
Current Period3,207 3,207 12,142 
Chemical Products  
Prior Period250 249 3,543 
Margin400 430 (870)
Volume / Mix(10)(130)(160)
Expenses(80)(10)(470)
Identified Items(390)(390)(390)
Other20 40 (20)
Current Period189 189 1,637 
Specialty Products
Prior Period760 619 2,415 
Margin(200)120 440 
Volume / Mix50 (50)(120)
Expenses30 (80)20 
Identified Items(50)(90)(50)
Other60 130 10 
Current Period650 650 2,714 
Upstream Volume Factor Analysis, koebd
4Q23 vs 4Q22
4Q23 vs 3Q23
2023 vs 2022
Prior Period3,822 3,688 3,737 
Entitlements - Net Interest— — (24)
Entitlements - Price / Spend / Other30 89 56 
Government Mandates(25)(28)
Divestments(70)(1)(114)
Growth / Other67 46 111 
Current Period3,824 3,824 3,738 



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4Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
Average Realization Data4Q233Q232Q231Q234Q22
United States     
ExxonMobil     
Crude ($/b)76.6480.4571.3673.9582.14
Natural Gas ($/kcf)2.552.301.453.206.62
Benchmarks     
WTI ($/b)78.3782.5073.7876.1182.85
ANS-WC ($/b)84.0287.9078.4379.1487.96
Henry Hub ($/mbtu)2.882.542.093.446.26
Non-U.S.     
ExxonMobil     
Crude ($/b)74.2377.4870.0867.9375.78
Natural Gas ($/kcf)12.5810.5011.4417.3921.11
European NG ($/kcf)17.3413.7114.6127.4635.52
Benchmarks     
Brent ($/b)84.0586.7678.4081.2888.71
The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the fourth quarter of 2023. 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, $M4Q232023   
Beginning Cash32,973 29,665    
Earnings7,630 36,010    
Depreciation7,740 20,641    
Working Capital / Other(1,688)(1,282)   
Proceeds Associated with Asset Sales1,020 4,078    
Cash Capital Expenditures ¹(6,734)(23,352)   
Shareholder Distributions(8,175)(32,368)   
Debt / Other Financing(1,198)(1,824)   
Ending Cash31,568 31,568    
¹ 4Q23 Cash Capital Expenditures includes PP&E adds of ($6.2B) and net advances of ($0.5B).
  2023 Cash Capital Expenditures includes PP&E adds of ($21.9B) and net advances of ($1.4B).


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.