- Full-year cash flow from operating activities of $36 billion, highest since 2014
- Tenth discovery offshore Guyana, increasing Stabroek resource estimate to more than 5 billion barrels
- Fourth quarter 2018 liquids production up 4 percent from prior-year quarter driven by Permian growth
Third | |||||||||||||||||||||||
Fourth Quarter |
Quarter | Twelve Months | |||||||||||||||||||||
2018 |
2017 |
% |
2018 |
% |
2018 |
2017 |
% |
||||||||||||||||
Earnings Summary | |||||||||||||||||||||||
(Dollars in millions, except per share data) | |||||||||||||||||||||||
Earnings (U.S. GAAP) | 6,000 | 8,380 | -28 | 6,240 | -4 | 20,840 | 19,710 | +6 | |||||||||||||||
U.S. Tax Reform | 20 | 5,942 | 271 | 291 | 5,942 | ||||||||||||||||||
Asset Impairments | (429 | ) | (1,294 | ) | (18 | ) | (489 | ) | (1,521 | ) | |||||||||||||
Earnings Excluding U.S. Tax | |||||||||||||||||||||||
Reform and Impairments | 6,409 | 3,732 | +72 | 5,987 | +7 | 21,038 | 15,289 | +38 | |||||||||||||||
Earnings Per Common Share | |||||||||||||||||||||||
Assuming Dilution | 1.41 | 1.97 | -28 | 1.46 | -3 | 4.88 | 4.63 | +5 | |||||||||||||||
Capital and Exploration | |||||||||||||||||||||||
Expenditures | 7,843 | 8,999 | -13 | 6,586 | +19 | 25,923 | 23,080 | +12 | |||||||||||||||
Fourth Quarter 2018 Business Highlights | ||
Upstream | ||
• | Crude prices weakened in the fourth quarter, while natural gas prices strengthened with higher LNG prices and increased seasonal demand. | |
• | Natural gas volumes were supported by stronger seasonal gas demand in Europe. | |
• | Permian unconventional production continued to ramp up in the fourth quarter, with production up more than 90 percent from the same period last year. | |
Downstream | ||
• | Industry fuels margins weakened during the quarter due to lower seasonal gasoline demand and increased supply. | |
• | The company captured benefits from North American crude differentials with its integrated logistics and manufacturing capabilities. | |
• | Overall reliability remained strong during a quarter with higher levels of scheduled maintenance activity. | |
Chemical |
||
• | Chemical margins weakened during the quarter with lengthening supply from recent capacity additions. | |
• | Sales growth from investments resulted in the highest annual volumes in over ten years. | |
• | Turnaround activities were completed at the Singapore chemical plant during the fourth quarter. |
Strengthening the Portfolio | ||
• | ExxonMobil made its tenth discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. | |
• | ExxonMobil subsidiary Esso Italiana completed its sale of the Augusta refinery, three fuel terminals in Augusta, Palermo and Naples, and associated pipelines to Sonatrach Raffineria Italiana S.r.l. ExxonMobil will continue to serve the Italian market, where it has operated for more than 125 years, with high-performance products, including Esso fuels and Mobil lubricants. | |
• | The company generated full-year cash proceeds from asset sales of $4.1 billion, slightly above the previous 5-year average of $3.3 billion. | |
Investing for Growth | ||
• | ExxonMobil made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 Block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin and will be tied back to the existing Barracouta infrastructure offshore in Bass Strait. | |
• | Mozambique Area 4 co-venture participants, including ExxonMobil, secured liquefied natural gas (LNG) offtake commitments from the partners’ affiliated buyer entities, a key milestone enabling a rapid move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project. Those commitments are subject to the conclusion of fully-termed agreements and the approval of the government of Mozambique. | |
• | The company commenced operations of a new coker unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe. The company’s investment in the new coker will also help meet anticipated demand for lower-sulfur fuel oil to comply with new standards to be implemented by the International Maritime Organization in 2020. | |
Advancing Innovative Technologies and Products | ||
• | ExxonMobil started up its advanced hydrocracker expansion project at the Rotterdam refinery in the Netherlands. The new unit uses proprietary catalyst in a unique refining configuration to upgrade lower-value vacuum gas oil into higher value EHC™ Group II base stocks and ultra-low sulfur diesel. | |
• | ExxonMobil has signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. As part of the agreement, ExxonMobil becomes the first energy company to join the IBM Q Network, a worldwide community of Fortune 500 companies, startups, academic institutions and national research labs working to advance quantum computing and explore practical applications for science and business. |
Exxon Mobil Corporation | |||||||||||||||||
Fourth Quarter 2018 | |||||||||||||||||
(millions of dollars) | |||||||||||||||||
Third | |||||||||||||||||
Fourth Quarter | Quarter | Twelve Months | |||||||||||||||
2018 |
2017 |
2018 |
2018 |
2017 |
|||||||||||||
Earnings (U.S. GAAP) | |||||||||||||||||
Upstream | |||||||||||||||||
United States | 265 | 7,061 | 606 | 1,739 | 6,622 | ||||||||||||
Non-U.S. | 3,048 | 1,291 | 3,623 | 12,340 | 6,733 | ||||||||||||
Downstream | |||||||||||||||||
United States | 987 | 918 | 961 | 2,962 | 1,948 | ||||||||||||
Non-U.S. | 1,717 | 646 | 681 | 3,048 | 3,649 | ||||||||||||
Chemical | |||||||||||||||||
United States | 282 | 777 | 404 | 1,642 | 2,190 | ||||||||||||
Non-U.S. | 455 | 493 | 309 | 1,709 | 2,328 | ||||||||||||
Corporate and financing | (754 | ) | (2,806 | ) | (344 | ) | (2,600 | ) | (3,760 | ) | |||||||
Net income attributable to ExxonMobil | 6,000 | 8,380 | 6,240 | 20,840 | 19,710 | ||||||||||||
U.S. Tax Reform | |||||||||||||||||
Upstream | |||||||||||||||||
United States | – | 7,602 | – | – | 7,602 | ||||||||||||
Non-U.S. | – | (480 | ) | 271 | 271 | (480 | ) | ||||||||||
Downstream | |||||||||||||||||
United States | – | 618 | – | – | 618 | ||||||||||||
Chemical | |||||||||||||||||
United States | – | 335 | – | – | 335 | ||||||||||||
Corporate and financing | 20 | (2,133 | ) | – | 20 | (2,133 | ) | ||||||||||
Total U.S. Tax Reform | 20 | 5,942 | 271 | 291 | 5,942 | ||||||||||||
Asset Impairments | |||||||||||||||||
Upstream | |||||||||||||||||
United States | (284 | ) | (481 | ) | – | (297 | ) | (521 | ) | ||||||||
Non-U.S. | (113 | ) | (807 | ) | – | (142 | ) | (983 | ) | ||||||||
Downstream | |||||||||||||||||
United States | (12 | ) | (6 | ) | – | (12 | ) | (6 | ) | ||||||||
Non-U.S. | (13 | ) | – | (18 | ) | (31 | ) | (11 | ) | ||||||||
Chemical | |||||||||||||||||
Non-U.S. | (7 | ) | – | – | (7 | ) | – | ||||||||||
Total Asset Impairments | (429 | ) | (1,294 | ) | (18 | ) | (489 | ) | (1,521 | ) | |||||||
Earnings Excluding U.S. Tax Reform and Impairments | |||||||||||||||||
Upstream | |||||||||||||||||
United States | 549 | (60 | ) | 606 | 2,036 | (459 | ) | ||||||||||
Non-U.S. | 3,161 | 2,578 | 3,352 | 12,211 | 8,196 | ||||||||||||
Downstream | |||||||||||||||||
United States | 999 | 306 | 961 | 2,974 | 1,336 | ||||||||||||
Non-U.S. | 1,730 | 646 | 699 | 3,079 | 3,660 | ||||||||||||
Chemical | |||||||||||||||||
United States | 282 | 442 | 404 | 1,642 | 1,855 | ||||||||||||
Non-U.S. | 462 | 493 | 309 | 1,716 | 2,328 | ||||||||||||
Corporate and financing | (774 | ) | (673 | ) | (344 | ) | (2,620 | ) | (1,627 | ) | |||||||
Earnings excluding U.S. Tax Reform and Impairments | 6,409 | 3,732 | 5,987 | 21,038 | 15,289 | ||||||||||||
Earnings and Volume Summary |
||||||||
Millions of Dollars | 4Q 2018 | 4Q 2017 | ||||||
(unless noted) | Adjusted 1 | Adjusted 1 | Change | Comments | ||||
Upstream | ||||||||
U.S. | 549 | (60) | +609 | Higher natural gas prices and liquids volume growth | ||||
Non-U.S. | 3,161 | 2,578 | +583 | Higher natural gas prices, favorable tax and foreign exchange impacts, partly offset by lower liquids prices | ||||
Total | 3,710 | 2,518 | +1,192 | Prices +660, volumes +180, foreign exchange +80, other +270 | ||||
Production (koebd) | 4,010 | 3,991 | +19 | Liquids +97 kbd: growth, partly offset by decline, lower entitlements and divestments
Gas -467 mcfd: decline largely in U.S. aligned with value focus, lower demand, lower entitlements and divestments, partly offset by unconventional growth |
||||
Downstream | ||||||||
U.S. | 999 | 306 | +693 | Lower downtime/maintenance, higher margins capturing crude differentials, improved yield/sales mix and favorable tax impacts | ||||
Non-U.S. | 1,730 | 646 | +1,084 | Higher divestment gains including sale of Augusta refinery / Germany Retail conversion to branded wholesaler (+888), higher margins and improved yield/sales mix, partly offset by higher downtime/maintenance | ||||
Total | 2,729 | 952 | +1,777 | Divestment gains +680, margins +550, yield/sales mix +200, downtime/maintenance +130, other +220 | ||||
Petroleum Product Sales (kbd) | 5,495 | 5,624 | -129 | |||||
Chemical | ||||||||
U.S. | 282 | 442 | -160 | Weaker margins | ||||
Non-U.S. | 462 | 493 | -31 | Weaker margins, higher growth-related expenses and higher downtime/maintenance, partly offset by favorable tax item (+212) and higher sales volumes | ||||
Total | 744 | 935 | -191 | Margins -350, downtime/maintenance -90, tax item +210, sales +100, other -60 | ||||
Prime Product Sales (kt) | 6,672 | 6,782 | -110 | Downtime/maintenance, partly offset by growth-related volumes | ||||
Corporate and financing |
(774) | (673) | -101 | Lower U.S. tax rate | ||||
1Earnings excluding U.S. Tax Reform and Impairments |
Earnings and Volume Summary |
||||||||
Millions of Dollars | 4Q 2018 | 3Q 2018 | ||||||
(unless noted) | Adjusted 1 | Adjusted 1 | Change | Comments | ||||
Upstream | ||||||||
U.S. | 549 | 606 | -57 | Lower liquids prices and higher expenses, partly offset by higher liquids volumes and stronger natural gas prices | ||||
Non-U.S. | 3,161 | 3,352 | -191 | Lower liquids prices, partly offset by higher volumes, stronger natural gas prices and favorable foreign exchange impacts | ||||
Total | 3,710 | 3,958 | -248 | Prices -1,110, volumes +660, foreign exchange +100, other +100 | ||||
Production (koebd) | 4,010 | 3,786 | +224 | Liquids +62 kbd: growth and lower unscheduled downtime
Gas +973 mcfd: higher seasonal demand and entitlements |
||||
Downstream | ||||||||
U.S. | 999 | 961 | +38 | Higher margins capturing crude differentials and improved yield/sales mix, partly offset by higher downtime/maintenance | ||||
Non-U.S. | 1,730 | 699 | +1,031 | Higher divestment gains including sale of Augusta refinery / Germany Retail conversion to branded wholesaler (+888) and higher margins, partly offset by higher downtime/maintenance | ||||
Total | 2,729 | 1,660 | +1,069 | Divestment gains +870, margins +500, yield/sales mix +70, downtime/maintenance -460, other +90 | ||||
Petroleum Product Sales (kbd) | 5,495 | 5,616 | -121 | |||||
Chemical | ||||||||
U.S. | 282 | 404 | -122 | Weaker margins | ||||
Non-U.S. | 462 | 309 | +153 | Favorable tax item (+212), partly offset by growth-related expenses | ||||
Total | 744 | 713 | +31 | Tax item +210, margins -110, other -70 | ||||
Prime Product Sales (kt) | 6,672 | 6,677 | -5 | |||||
Corporate and financing | (774) | (344) | -430 | Mainly absence of favorable one-time tax item | ||||
1Earnings excluding U.S. Tax Reform and Impairments |
Earnings and Volume Summary |
||||||||
Millions of Dollars | FY 2018 | FY 2017 | ||||||
(unless noted) | Adjusted 1 | Adjusted 1 | Change | Comments | ||||
Upstream | ||||||||
U.S. | 2,036 | (459) | +2,495 | Higher liquids prices and liquids volume growth and favorable mix, partly offset by higher growth-related expenses | ||||
Non-U.S. | 12,211 | 8,196 | +4,015 | Higher prices and divestment gains / one-time items, partly offset by lower volumes and higher expenses largely from increased maintenance | ||||
Total | 14,247 | 7,737 | +6,510 | Prices +7,040, divestment gains / one-time items +780, maintenance / growth-related expenses -970, volumes -240, other -100 | ||||
Production (koebd) | 3,833 | 3,985 | -152 | Liquids -17 kbd: growth in North America, more than offset by decline, lower entitlements and divestments
Gas -806 mcfd: decline largely in U.S. aligned with value focus, lower entitlements, divestments, and higher downtime |
||||
Downstream | ||||||||
U.S. | 2,974 | 1,336 | +1,638 | Higher margins capturing crude differentials, favorable tax impacts, lower downtime/maintenance and favorable yield/sales mix | ||||
Non-U.S. | 3,079 | 3,660 | -581 | Higher downtime/maintenance, lower margins and unfavorable foreign exchange impacts, partly offset by higher divestment gains and favorable yield/sales mix | ||||
Total | 6,053 | 4,996 | +1,057 | Margins +660, divestment gains +490, yield/sales mix +260, downtime/maintenance -530, foreign exchange -290, other +470 | ||||
Petroleum Product Sales (kbd) | 5,512 | 5,530 | -18 | |||||
Chemical | ||||||||
U.S. | 1,642 | 1,855 | -213 | Volume growth, more than offset by higher growth-related expenses and weaker margins | ||||
Non-U.S. | 1,716 | 2,328 | -612 | Weaker margins, higher growth-related expenses and higher downtime/maintenance, partly offset by volume growth, favorable tax item (+212) and favorable foreign exchange impacts | ||||
Total | 3,358 | 4,183 | -825 | Margins -910, downtime/maintenance -150, sales +320, tax item +210, foreign exchange +140, other -440 | ||||
Prime Product Sales (kt) | 26,869 | 25,420 | +1,449 | Growth from new assets and stronger demand | ||||
Corporate and financing | (2,620) | (1,627) | -993 | Higher pension and financing related costs, lower U.S. tax rate, and lower net favorable tax items | ||||
1Earnings excluding U.S. Tax Reform and Impairments |
Cash Flow from Operations and Asset Sales |
|||||||
Millions of Dollars | 4Q | ||||||
2018 | Comments | ||||||
Net income including noncontrolling interests | 6,206 | Including $206 million for noncontrolling interests | |||||
Depreciation | 5,028 | ||||||
Changes in working capital | (1,331 | ) | Mainly inventory build and timing of tax payments | ||||
Other | (1,296 | ) | Including adjustment for gains on asset sales | ||||
Cash Flow from Operating Activities (U.S. GAAP) |
8,607 | ||||||
Asset sales | 884 | Including Augusta | |||||
Cash Flow from Operations and Asset Sales |
9,491 | ||||||
Millions of Dollars | FY | ||||||
2018 | Comments | ||||||
Net income including noncontrolling interests | 21,421 | Including $581 million for noncontrolling interests | |||||
Depreciation | 18,745 | ||||||
Changes in working capital | (1,356 | ) | Inventory build, partly offset by favorable payables | ||||
Other | (2,796 | ) | Including adjustment for gains on asset sales | ||||
Cash Flow from Operating Activities (U.S. GAAP) |
36,014 | ||||||
Asset sales | 4,123 | Including Germany Retail, Augusta, Scarborough | |||||
Cash Flow from Operations and Asset Sales |
40,137 | ||||||
Estimated Key Financial and Operating Data | ||||||||||||||
Attachment I | ||||||||||||||
Exxon Mobil Corporation | ||||||||||||||
Fourth Quarter 2018 | ||||||||||||||
(millions of dollars, unless noted) | ||||||||||||||
Third | ||||||||||||||
Fourth Quarter | Quarter | Twelve Months | ||||||||||||
2018 |
2017 |
2018 |
2018 |
2017 |
||||||||||
Earnings / Earnings Per Share | ||||||||||||||
Total revenues and other income | 71,895 | 66,515 | 76,605 | 290,212 | 244,363 | |||||||||
Total costs and other deductions | 63,774 | 63,498 | 67,525 | 259,259 | 225,689 | |||||||||
Income before income taxes | 8,121 | 3,017 | 9,080 | 30,953 | 18,674 | |||||||||
Income taxes | 1,915 | (5,392 | ) | 2,634 | 9,532 | (1,174 | ) | |||||||
Net income including noncontrolling interests | 6,206 | 8,409 | 6,446 | 21,421 | 19,848 | |||||||||
Net income attributable to noncontrolling interests | 206 | 29 | 206 | 581 | 138 | |||||||||
Net income attributable to ExxonMobil (U.S. GAAP) | 6,000 | 8,380 | 6,240 | 20,840 | 19,710 | |||||||||
Earnings per common share (dollars) | 1.41 | 1.97 | 1.46 | 4.88 | 4.63 | |||||||||
Earnings per common share | ||||||||||||||
– assuming dilution (dollars) | 1.41 | 1.97 | 1.46 | 4.88 | 4.63 | |||||||||
Exploration expenses, including dry holes | 555 | 703 | 292 | 1,466 | 1,790 | |||||||||
Other Financial Data | ||||||||||||||
Dividends on common stock | ||||||||||||||
Total | 3,502 | 3,289 | 3,503 | 13,798 | 13,001 | |||||||||
Per common share (dollars) | 0.82 | 0.77 | 0.82 | 3.23 | 3.06 | |||||||||
Millions of common shares outstanding | ||||||||||||||
At period end | 4,237 | 4,239 | ||||||||||||
Average – assuming dilution | 4,270 | 4,270 | 4,271 | 4,270 | 4,256 | |||||||||
ExxonMobil share of equity at period end | 191,794 | 187,688 | ||||||||||||
ExxonMobil share of capital employed at period end | 232,280 | 232,467 | ||||||||||||
Income taxes | 1,915 | (5,392 | ) | 2,634 | 9,532 | (1,174 | ) | |||||||
Total other taxes and duties | 8,473 | 8,583 | 8,939 | 35,230 | 32,459 | |||||||||
Total taxes | 10,388 | 3,191 | 11,573 | 44,762 | 31,285 | |||||||||
Sales-based taxes | 5,444 | 5,245 | 5,518 | 21,750 | 19,725 | |||||||||
Total taxes including sales-based taxes | 15,832 | 8,436 | 17,091 | 66,512 | 51,010 | |||||||||
ExxonMobil share of income taxes of equity companies |
992 | 500 | 755 | 3,142 | 2,228 | |||||||||
Attachment II | |||||||||||||
Exxon Mobil Corporation | |||||||||||||
Fourth Quarter 2018 | |||||||||||||
Third | |||||||||||||
Fourth Quarter | Quarter | Twelve Months | |||||||||||
2018 |
2017 |
2018 |
2018 |
2017 |
|||||||||
Net production of crude oil, natural gas liquids, bitumen and synthetic oil, thousand barrels per day (kbd) |
|||||||||||||
United States | 583 | 525 | 555 | 551 | 514 | ||||||||
Canada / Other Americas | 474 | 426 | 454 | 438 | 412 | ||||||||
Europe | 122 | 155 | 127 | 132 | 182 | ||||||||
Africa | 376 | 403 | 387 | 387 | 423 | ||||||||
Asia | 745 | 690 | 706 | 711 | 698 | ||||||||
Australia / Oceania | 48 | 52 | 57 | 47 | 54 | ||||||||
Worldwide | 2,348 | 2,251 | 2,286 | 2,266 | 2,283 | ||||||||
Natural gas production available for sale, million cubic feet per day (mcfd) |
|||||||||||||
United States | 2,581 | 2,753 | 2,549 | 2,574 | 2,936 | ||||||||
Canada / Other Americas | 247 | 240 | 224 | 227 | 218 | ||||||||
Europe | 1,943 | 2,266 | 1,004 | 1,653 | 1,948 | ||||||||
Africa | 16 | 6 | 16 | 13 | 5 | ||||||||
Asia | 3,804 | 3,855 | 3,685 | 3,613 | 3,794 | ||||||||
Australia / Oceania | 1,383 | 1,321 | 1,523 | 1,325 | 1,310 | ||||||||
Worldwide | 9,974 | 10,441 | 9,001 | 9,405 | 10,211 | ||||||||
Oil-equivalent production (koebd)1 | 4,010 | 3,991 | 3,786 | 3,833 | 3,985 | ||||||||
1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels. |
Attachment III | ||||||||||||
Exxon Mobil Corporation | ||||||||||||
Fourth Quarter 2018 | ||||||||||||
Third | ||||||||||||
Fourth Quarter | Quarter | Twelve Months | ||||||||||
2018 |
2017 |
2018 |
2018 |
2017 |
||||||||
Refinery throughput (kbd) | ||||||||||||
United States | 1,661 | 1,379 | 1,644 | 1,588 | 1,508 | |||||||
Canada | 408 | 391 | 388 | 392 | 383 | |||||||
Europe | 1,366 | 1,509 | 1,446 | 1,422 | 1,510 | |||||||
Asia Pacific | 670 | 728 | 720 | 706 | 690 | |||||||
Other | 193 | 200 | 194 | 164 | 200 | |||||||
Worldwide | 4,298 | 4,207 | 4,392 | 4,272 | 4,291 | |||||||
Petroleum product sales (kbd) | ||||||||||||
United States | 2,230 | 2,209 | 2,267 | 2,210 | 2,190 | |||||||
Canada | 516 | 501 | 527 | 510 | 499 | |||||||
Europe | 1,474 | 1,589 | 1,582 | 1,556 | 1,597 | |||||||
Asia Pacific | 825 | 819 | 824 | 815 | 757 | |||||||
Other | 450 | 506 | 416 | 421 | 487 | |||||||
Worldwide | 5,495 | 5,624 | 5,616 | 5,512 | 5,530 | |||||||
Gasolines, naphthas | 2,183 | 2,353 | 2,255 | 2,217 | 2,262 | |||||||
Heating oils, kerosene, diesel | 1,915 | 1,878 | 1,837 | 1,840 | 1,850 | |||||||
Aviation fuels | 376 | 393 | 430 | 402 | 382 | |||||||
Heavy fuels | 387 | 370 | 411 | 395 | 371 | |||||||
Specialty products | 634 | 630 | 683 | 658 | 665 | |||||||
Worldwide | 5,495 | 5,624 | 5,616 | 5,512 | 5,530 | |||||||
Chemical prime product sales, thousand metric tons (kt) |
||||||||||||
United States | 2,577 | 2,399 | 2,445 | 9,824 | 9,307 | |||||||
Non-U.S. | 4,095 | 4,383 | 4,232 | 17,045 | 16,113 | |||||||
Worldwide | 6,672 | 6,782 | 6,677 | 26,869 | 25,420 | |||||||
Attachment IV | ||||||||||||
Exxon Mobil Corporation | ||||||||||||
Fourth Quarter 2018 | ||||||||||||
(millions of dollars) | ||||||||||||
Third | ||||||||||||
Fourth Quarter | Quarter | Twelve Months | ||||||||||
2018 |
2017 |
2018 |
2018 |
2017 |
||||||||
Capital and Exploration Expenditures | ||||||||||||
Upstream | ||||||||||||
United States | 2,630 | 1,158 | 2,040 | 7,670 | 3,716 | |||||||
Non-U.S. | 3,620 | 6,457 | 3,290 | 12,524 | 12,979 | |||||||
Total | 6,250 | 7,615 | 5,330 | 20,194 | 16,695 | |||||||
Downstream | ||||||||||||
United States | 325 | 264 | 297 | 1,186 | 823 | |||||||
Non-U.S. | 541 | 518 | 422 | 2,243 | 1,701 | |||||||
Total | 866 | 782 | 719 | 3,429 | 2,524 | |||||||
Chemical | ||||||||||||
United States | 579 | 389 | 411 | 1,747 | 1,583 | |||||||
Non-U.S. | 132 | 167 | 115 | 488 | 2,188 | |||||||
Total | 711 | 556 | 526 | 2,235 | 3,771 | |||||||
Other | 16 | 46 | 11 | 65 | 90 | |||||||
Worldwide | 7,843 | 8,999 | 6,586 | 25,923 | 23,080 | |||||||
Cash flow from operations and asset sales | ||||||||||||
Net cash provided by operating activities (U.S. GAAP) |
8,607 | 7,411 | 11,108 | 36,014 | 30,066 | |||||||
Proceeds associated with asset sales | 884 | 1,408 | 1,491 | 4,123 | 3,103 | |||||||
Cash flow from operations and asset sales | 9,491 | 8,819 | 12,599 | 40,137 | 33,169 | |||||||
Attachment V | ||||||||
Exxon Mobil Corporation | ||||||||
Earnings | ||||||||
$ Millions |
$ Per Common Share 1 |
|||||||
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 | ||||||
Fourth Quarter | 2,780 | 0.67 | ||||||
Year | 16,150 | 3.85 | ||||||
2016 |
||||||||
First Quarter | 1,810 | 0.43 | ||||||
Second Quarter | 1,700 | 0.41 | ||||||
Third Quarter | 2,650 | 0.63 | ||||||
Fourth Quarter | 1,680 | 0.41 | ||||||
Year | 7,840 | 1.88 | ||||||
2017 |
||||||||
First Quarter | 4,010 | 0.95 | ||||||
Second Quarter | 3,350 | 0.78 | ||||||
Third Quarter | 3,970 | 0.93 | ||||||
Fourth Quarter | 8,380 | 1.97 | ||||||
Year | 19,710 | 4.63 | ||||||
2018 |
||||||||
First Quarter | 4,650 | 1.09 | ||||||
Second Quarter | 3,950 | 0.92 | ||||||
Third Quarter | 6,240 | 1.46 | ||||||
Fourth Quarter | 6,000 | 1.41 | ||||||
Year | 20,840 | 4.88 | ||||||
1 Computed using the average number of shares outstanding during each period. |
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