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(millions of dollars, unless noted)

2017 2016 2015 2014 2013
Net income attributable to ExxonMobil 19,710 7,840 16,150 32,520 32,580
Cash flow from operations and asset sales † 33,169 26,357 32,733 49,151 47,621
Capital and exploration expenditures † 23,080 19,304 31,051 38,537 42,489
Research and development costs 1,063 1,058 1,008 971 1,044
Total debt at year end 42,336 42,762 38,687 29,121 22,699
Average capital employed † 222,631 212,226 208,755 203,110 191,575
Market valuation at year end 354,561 374,438 323,928 388,398 438,684
Regular employees at year end (thousands) 69.6 71.1 73.5 75.3 75.0
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2017 2016 2015 2014 2013
Return on average capital employed † (percent) 9.0 3.9 7.9 16.2 17.2
Earnings to average ExxonMobil share of equity (percent) 11.1 4.6 9.4 18.7 19.2
Debt to capital ‡ (percent) 17.9 19.7 18.0 13.9 11.2
Net debt to capital § (percent) 16.8 18.4 16.5 11.9 9.1
Current assets to current liabilities (times) 0.82 0.87 0.79 0.82 0.83
Fixed-charge coverage (times) 13.2 5.7 17.6 46.9 55.7

† See Frequently used terms.

‡ Debt includes short-term and long-term debt. Capital includes short-term and long-term debt and total equity.

§ Debt net of cash and cash equivalents, excluding restricted cash.

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2017 2016 2015 2014 2013
Dividends per common share (dollars) 3.06 2.98 2.88 2.70 2.46
Dividends per share growth (annual percent) 2.7 3.5 6.7 9.8 12.8
Number of common shares outstanding (millions)
Average 4,256 4,177 4,196 4,282 4,419
Average – assuming dilution 4,256 4,177 4,196 4,282 4,419
Year end 4,239 4,148 4,156 4,201 4,335
Total shareholder return † (annual percent) (3.8) 19.8 (12.6) (6.0) 20.1
Common stock acquired (millions of dollars) 747 977 4,039 13,183 15,998
Market quotations for common stock (dollars)
High 91.34 95.55 93.45 104.76 101.74
Low 76.05 71.55 66.55 86.19 84.79
Average daily close 81.86 86.22 82.83 97.27 90.51
Year-end close 83.64 90.26 77.95 92.45 101.20
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(millions of dollars)

Upstream 2017 2016 2015 2014 2013
United States 64,896 62,114 64,086 62,403 59,898
Non-U.S. 109,778 107,941 105,868 102,562 93,071
Total 174,674 170,055 169,954 164,965 152,969
Downstream
United States 7,936 7,573 7,497 6,070 4,757
Non-U.S. 14,578 14,231 15,756 17,907 19,673
Total 22,514 21,804 23,253 23,977 24,430
Chemical
United States 10,672 9,018 7,696 6,121 4,872
Non-U.S. 16,844 15,826 16,054 16,076 15,793
Total 27,516 24,844 23,750 22,197 20,665
Corporate and Financing (2,073) (4,477) (8,202) (8,029) (6,489)
Corporate total 222,631 212,226 208,755 203,110 191,575
Average capital employed applicable to equity companies included above 35,941 34,190 34,248 35,403 35,234

† Average capital employed is the average of beginning-of-year and end-of-year business segment capital employed, including ExxonMobil’s share of amounts applicable to equity companies.

‡ See Frequently used terms.

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(percent)

Upstream 2017 2016 2015 2014 2013
United States 10.2 (6.7) (1.7) 8.3 7.0
Non-U.S. 6.1 4.0 7.7 21.8 24.3
Total 7.6 0.1 4.2 16.7 17.5
Downstream
United States 24.5 14.4 25.4 26.7 46.2
Non-U.S. 25.0 21.8 29.6 8.0 6.4
Total 24.9 19.3 28.2 12.7 14.1
Chemical
United States 20.5 20.8 31.0 45.8 56.5
Non-U.S. 13.8 17.3 12.7 9.4 6.8
Total 16.4 18.6 18.6 19.4 18.5
Corporate and Financing N.A. N.A. N.A. N.A. N.A.
Corporate total 9.0 3.9 7.9 16.2 17.2
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(millions of dollars)

Upstream 2017 2016 2015 2014 2013
Exploration
United States 527 252 491 448 1,032
Non-U.S. 5,744 1,574 2,189 3,241 6,123
Total 6,271 1,826 2,680 3,689 7,155
Production ‡
United States 3,189 3,266 7,331 8,953 8,113
Non-U.S. 7,235 9,450 15,396 20,085 22,826
Total 10,424 12,716 22,727 29,038 30,939
Power
United States
Non-U.S. 137
Total 137
Total Upstream 16,695 14,542 25,407 32,727 38,231
Downstream
Refining
United States 655 675 830 967 651
Non-U.S. 1,381 1,337 1,153 1,042 1,046
Total 2,036 2,012 1,983 2,009 1,697
Marketing
United States 34 27 142 285 159
Non-U.S. 320 286 421 682 413
Total 354 313 563 967 572
Pipeline/Marine
United States 134 137 67 58 141
Non-U.S. 3
Total 134 137 67 58 144
Total Downstream 2,524 2,462 2,613 3,034 2,413
Chemical
United States 1,583 1,553 1,945 1,690 963
Non-U.S. 2,188 654 898 1,051 869
Total Chemical 3,771 2,207 2,843 2,741 1,832
Other
United States 90 93 188 35 13
Non-U.S.
Total other 90 93 188 35 13
Total capital and exploration expenditures 23,080 19,304 31,051 38,537 42,489
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(millions of dollars)

2017 2016 2015 2014 2013
United States 6,212 6,003 10,994 12,436 11,072
Canada/Other Americas 3,016 2,762 5,269 8,191 12,838
Europe 1,828 2,088 2,572 2,851 3,045
Africa 4,730 2,295 3,679 4,187 4,220
Asia 6,046 4,684 5,426 7,330 6,734
Australia/Oceania 1,248 1,472 3,111 3,542 4,580
Total worldwide 23,080 19,304 31,051 38,537 42,489
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(millions of dollars)

Consolidated companies’ expenditures 2017 2016 2015 2014 2013
Capital expenditures 18,754 16,009 27,610 33,056 36,862
Exploration costs charged to expense
United States 161 220 182 230 395
Non-U.S. 1,626 1,242 1,340 1,432 1,573
Depreciation on support equipment ‡ 3 5 1 7 8
Total exploration expenses 1,790 1,467 1,523 1,669 1,976
Total consolidated companies’ capital and exploration expenditures
(excluding depreciation on support equipment)
20,541 17,471 29,132 34,718 38,830
ExxonMobil’s share of non-consolidated companies’ expenditures
Capital expenditures 1,660 1,781 1,871 3,517 3,199
Exploration costs charged to expense § 879 52 48 302 460
Total non-consolidated companies’ capital and exploration expenditures 2,539 1,833 1,919 3,819 3,659
Total capital and exploration expenditures 23,080 19,304 31,051 38,537 42,489

† See Frequently used terms.

‡ Not included as part of total capital and exploration expenditures but included as part of Exploration expenses, including dry holes, in the Summary statement of income chart.

§ Excludes equity company depreciation on support equipment.

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(millions of dollars)

Earnings (U.S. GAAP) Q1 Q2 Q3 Q4 2017 2016 2015 2014 2013
Upstream
United States (18) (183) (238) 7,061 6,622 (4,151) (1,079) 5,197 4,191
Non-U.S. 2,270 1,367 1,805 1,291 6,733 4,347 8,180 22,351 22,650
Total 2,252 1,184 1,567 8,352 13,355 196 7,101 27,548 26,841
Downstream
United States 292 347 391 918 1,948 1,094 1,901 1,618 2,199
Non-U.S. 824 1,038 1,141 646 3,649 3,107 4,656 1,427 1,250
Total 1,116 1,385 1,532 1,564 5,597 4,201 6,557 3,045 3,449
Chemical
United States 529 481 403 777 2,190 1,876 2,386 2,804 2,755
Non-U.S. 642 504 689 493 2,328 2,739 2,032 1,511 1,073
Total 1,171 985 1,092 1,270 4,518 4,615 4,418 4,315 3,828
Corporate and Financing (529) (204) (221) (2,806) (3,760) (1,172) (1,926) (2,388) (1,538)
Net income attributable to ExxonMobil (U.S. GAAP) 4,010 3,350 3,970 8,380 19,710 7,840 16,150 32,520 32,580

† Net income attributable to ExxonMobil (U.S. GAAP) corresponds to the Summary statement of income. Unless indicated, references to earnings and Upstream, Downstream, Chemical, and Corporate and Financing segment earnings are ExxonMobil’s share after excluding amounts attributable to noncontrolling interests.

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(millions of dollars)

Upstream 2017 2016 2015 2014 2013
United States 81,267 78,294 85,070 83,456 80,176
Non-U.S. 119,024 117,610 118,752 121,852 117,378
Total 200,291 195,904 203,822 205,308 197,554
Downstream
United States 9,586 9,662 9,879 10,314 9,955
Non-U.S. 12,146 10,926 11,451 12,325 13,264
Total 21,732 20,588 21,330 22,639 23,219
Chemical
United States 9,103 8,070 6,855 5,345 4,179
Non-U.S. 11,014 9,331 9,392 9,573 9,786
Total 20,117 17,401 16,247 14,918 13,965
Other 10,490 10,331 10,206 9,803 8,912
Total net investment 252,630 244,224 251,605 252,668 243,650
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(millions of dollars)

Upstream 2017 2016 2015 2014 2013
United States 6,963 9,626 5,301 5,139 5,170
Non-U.S. 9,741 9,550 9,227 8,523 8,277
Total 16,704 19,176 14,528 13,662 13,447
Downstream
United States 658 628 664 654 633
Non-U.S. 883 889 1,003 1,228 1,390
Total 1,541 1,517 1,667 1,882 2,023
Chemical
United States 299 275 375 370 378
Non-U.S. 504 477 654 645 632
Total 803 752 1,029 1,015 1,010
Other 845 863 824 738 702
Total depreciation and depletion expenses 19,893 22,308 18,048 17,297 17,182
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(millions of dollars)

2017 2016 2015 2014 2013
Production and manufacturing expenses 34,128 31,927 35,587 40,859 40,525
Selling, general and administrative 10,956 10,799 11,501 12,598 12,877
Depreciation and depletion 19,893 22,308 18,048 17,297 17,182
Exploration 1,790 1,467 1,523 1,669 1,976
Subtotal 66,767 66,501 66,659 72,423 72,560
ExxonMobil’s share of equity company expenses 9,016 7,409 8,309 11,072 14,531
Total operating costs 75,783 73,910 74,968 83,495 87,091
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(millions of dollars)

Revenues and other income 2017 2016 2015 2014 2013
Sales and other operating revenue † 237,162 200,628 239,854 367,647 393,039
Income from equity affiliates 5,380 4,806 7,644 13,323 13,927
Other income 1,821 2,680 1,750 4,511 3,492
Total revenues and other income 244,363 208,114 249,248 385,481 410,458
Costs and other deductions
Crude oil and product purchases 128,217 104,171 130,003 225,972 244,156
Production and manufacturing expenses 34,128 31,927 35,587 40,859 40,525
Selling, general and administrative expenses 10,956 10,799 11,501 12,598 12,877
Depreciation and depletion 19,893 22,308 18,048 17,297 17,182
Exploration expenses, including dry holes 1,790 1,467 1,523 1,669 1,976
Interest expense 601 453 311 286 9
Other taxes and duties 30,104 29,020 30,309 35,170 36,022
Total costs and other deductions 225,689 200,145 227,282 333,851 352,747
Income before income taxes 18,674 7,969 21,966 51,630 57,711
Income taxes (1,174) (406) 5,415 18,015 24,263
Net income including noncontrolling interests 19,848 8,375 16,551 33,615 33,448
Net income attributable to noncontrolling interests 138 535 401 1,095 868
Net income attributable to ExxonMobil 19,710 7,840 16,150 32,520 32,580
Earnings per common share (dollars) 4.63 1.88 3.85 7.60 7.37
Earnings per common share – assuming dilution (dollars) 4.63 1.88 3.85 7.60 7.37

† Effective December 31, 2017, the Corporation revised its accounting policy election related to the reporting of sales-based taxes. For more information, please refer to Note 2 in the Financial section of ExxonMobil’s 2017 Form 10-K.

Note: The information in the Summary statement of income (for 2015 to 2017), the Summary balance sheet (for 2016 and 2017), and the Summary statement of cash flows (for 2015 to 2017) corresponds to the information in the Consolidated statement of income, the Consolidated balance sheet, and the Consolidated statement of cash flows in the financial statements of ExxonMobil’s 2017 Form 10-K. See also Management’s discussion and analysis of financial condition and results of operations and Other information in the Financial section of the 2017 Form 10-K.

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(millions of dollars)

Assets 2017 2016 2015 2014 2013
Current assets
Cash and cash equivalents 3,177 3,657 3,705 4,616 4,644
Cash and cash equivalents – restricted 42 269
Notes and accounts receivable, less estimated doubtful amounts 25,597 21,394 19,875 28,009 33,152
Inventories
Crude oil, products and merchandise 12,871 10,877 12,037 12,384 12,117
Materials and supplies 4,121 4,203 4,208 4,294 4,018
Other current assets 1,368 1,285 2,798 3,565 5,108
Total current assets 47,134 41,416 42,623 52,910 59,308
Investments, advances and long-term receivables 39,160 35,102 34,245 35,239 36,328
Property, plant and equipment, at cost, less accumulated depreciation and depletion 252,630 244,224 251,605 252,668 243,650
Other assets, including intangibles, net 9,767 9,572 8,285 8,676 7,522
Total assets 348,691 330,314 336,758 349,493 346,808
Liabilities
Current liabilities
Notes and loans payable 17,930 13,830 18,762 17,468 15,808
Accounts payable and accrued liabilities 36,796 31,193 32,412 42,227 48,085
Income taxes payable 3,045 2,615 2,802 4,938 7,831
Total current liabilities 57,771 47,638 53,976 64,633 71,724
Long-term debt 24,406 28,932 19,925 11,653 6,891
Postretirement benefits reserves 21,132 20,680 22,647 25,802 20,646
Deferred income tax liabilities 26,893 34,041 36,818 39,230 40,530
Long-term obligations to equity companies 4,774 5,124 5,417 5,325 4,742
Other long-term obligations 19,215 20,069 21,165 21,786 21,780
Total liabilities 154,191 156,484 159,948 168,429 166,313

Commitments and contingencies †

Equity
Common stock without par value 14,656 12,157 11,612 10,792 10,077
Earnings reinvested 414,540 407,831 412,444 408,384 387,432
Accumulated other comprehensive income (16,262) (22,239) (23,511) (18,957) (10,725)
Common stock held in treasury (225,246) (230,424) (229,734) (225,820) (212,781)
ExxonMobil share of equity 187,688 167,325 170,811 174,399 174,003
Noncontrolling interests 6,812 6,505 5,999 6,665 6,492
Total equity 194,500 173,830 176,810 181,064 180,495
Total liabilities and equity 348,691 330,314 336,758 349,493 346,808

† For more information, please refer to Note 16 in the Financial section of ExxonMobil’s 2017 Form 10-K.

Note: The information in the Summary statement of income (for 2015 to 2017), the Summary balance sheet (for 2016 and 2017), and the Summary statement of cash flows (for 2015 to 2017) corresponds to the information in the Consolidated statement of income, the Consolidated balance sheet, and the Consolidated statement of cash flows in the financial statements of ExxonMobil’s 2017 Form 10-K. See also Management’s discussion and analysis of financial condition and results of operations and Other information in the Financial section of the 2017 Form 10-K.

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(millions of dollars)

Cash flows from operating activities 2017 2016 2015 2014 2013
Net income including noncontrolling interests 19,848 8,375 16,551 33,615 33,448
Adjustments for noncash transactions
Depreciation and depletion 19,893 22,308 18,048 17,297 17,182
Deferred income tax charges/(credits) (8,577) (4,386) (1,832) 1,540 754
Postretirement benefits expense in excess of/(less than) net payments 1,135 (329) 2,153 524 2,291
Other long-term obligation provisions in excess of/(less than) payments (610) (19) (380) 1,404 (2,566)
Dividends received greater than/(less than) equity in current earnings of equity companies 131 (579) (691) (358) 3
Changes in operational working capital, excluding cash and debt
Reduction/(increase) – Notes and accounts receivable (3,954) (2,090) 4,692 3,118 (305)
– Inventories (1,682) (388) (379) (1,343) (1,812)
– Other current assets (117) 171 45 (68) (105)
Increase/(reduction) – Accounts and other payables 5,104 915 (7,471) (6,639) (2,498)
Net (gain) on asset sales (334) (1,682) (226) (3,151) (1,828)
All other items – net (771) (214) (166) (823) 350
Net cash provided by operating activities 30,066 22,082 30,344 45,116 44,914
Cash flows from investing activities
Additions to property, plant and equipment (15,402) (16,163) (26,490) (32,952) (33,669)
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments 3,103 4,275 2,389 4,035 2,707
Decrease/(increase) in restricted cash and cash equivalents 42 227 72
Additional investments and advances (5,507) (1,417) (607) (1,631) (4,435)
Other investing activities including collection of advances 2,076 902 842 3,346 1,124
Net cash used in investing activities (15,730) (12,403) (23,824) (26,975) (34,201)
Cash flows from financing activities
Additions to long-term debt 60 12,066 8,028 5,731 345
Reductions in long-term debt (26) (69) (13)
Additions to short-term debt 1,735 16
Reductions in short-term debt (5,024) (314) (506) (745) (756)
Additions/(reductions) in commercial paper, and debt with three months or less maturity 2,181 (7,459) 1,759 2,049 12,012
Cash dividends to ExxonMobil shareholders (13,001) (12,453) (12,090) (11,568) (10,875)
Cash dividends to noncontrolling interests (184) (162) (170) (248) (304)
Changes in noncontrolling interests (150) (1)
Tax benefits related to stock-based awards 2 115 48
Common stock acquired (747) (977) (4,039) (13,183) (15,998)
Common stock sold 6 5 30 50
Net cash used in financing activities (15,130) (9,293) (7,037) (17,888) (15,476)
Effects of exchange rate changes on cash 314 (434) (394) (281) (175)
Increase/(decrease) in cash and cash equivalents (480) (48) (911) (28) (4,938)
Cash and cash equivalents at beginning of year 3,657 3,705 4,616 4,644 9,582
Cash and cash equivalents at end of year 3,177 3,657 3,705 4,616 4,644

Note: The information in the Summary statement of income (for 2015 to 2017), the Summary balance sheet (for 2016 and 2017), and the Summary statement of cash flows (for 2015 to 2017) corresponds to the information in the Consolidated statement of income, the Consolidated balance sheet, and the Consolidated statement of cash flows in the financial statements of ExxonMobil’s 2017 Form 10-K. See also Management’s discussion and analysis of financial condition and results of operations and Other information in the Financial section of the 2017 Form 10-K.