2018 results and highlights

Report April 2, 2019

2018 results and highlights

Financial highlights

(millions of dollars, unless noted)
  Earnings after income taxes Average capital employed(1) Return on average capital employed (%)(1) Capital and exploration expenditures(1)
Upstream 14,079 177,874 7.9 20,194
Downstream 6,010 25,740 23.3 3,429
Chemical 3,351 30,420 11.0 2,235
Corporate and Financing (2,600) (1,660) N.A. 65
Total 20,840 232,374 9.2 25,923
 

Operating highlights

   
Liquids production (net, thousands of barrels per day) 2,266
Natural gas production available for sale (net, millions of cubic feet per day) 9,405
Oil-equivalent production(2) (net, thousands of oil-equivalent barrels per day) 3,833
Refinery throughput (thousands of barrels per day) 4,272
Petroleum product sales(3) (thousands of barrels per day) 5,512
Chemical prime product sales(3) (thousands of tonnes) 26,869
 
(1) See Frequently used terms.
(2) Natural gas converted to oil-equivalent at 6 million cubic feet per 1,000 barrels.
(3) Sales data reported net of purchases/sales contracts with the same counterparty.
(4) Competitor data estimated on a consistent basis with ExxonMobil and based on public information.
(5) Net income attributable to ExxonMobil.
(6) S&P 500 and CPI indexed to 1982 Exxon dividend.
(7) CPI based on historical yearly average from U.S. Bureau of Labor Statistics.

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Progressing 13 key chemical projects

ExxonMobil is responding to chemical demand growth by playing a major role in the industry’s global expansion. Organized by global business units, we optimize the full value chain from development, production, and marketing, to distribution and sale, offering a broad range of polymers, chemicals, and fluids. Our polymers businesses include high-performance products such as polyethylene, polypropylene, butyl, and a variety of other specialties used in applications such as packaging, automotive, consumer goods, and construction. Our chemical and fluids offerings include synthetic basestocks, solvents, and aromatics, and are utilized in a variety of end-use applications. To expand sales of high-performance products, we are investing in 13 global projects, of which seven are now operational.

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