ExxonMobil earns $3.2 billion in third quarter 2019

IRVING, Texas — Exxon Mobil Corporation today announced estimated third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution.

News Nov. 1, 2019

ExxonMobil earns $3.2 billion in third quarter 2019
  • Cash flow from operating activities of $9.1 billion
  • Upstream liquids production grows by 5 percent from a year earlier, driven by the Permian Basin
  • Agreement to sell Norway upstream assets marks significant progress on divestment plans
  Third Quarter   Second Quarter   First Nine Months
 
 
2019
2018 % 2019
2019
2018 %
 

Earnings Summary (Dollars in millions, except per share data)

               
Earnings (U.S. GAAP)
3,170
6,240 -49 3,130 1
8,650
14,840 -42
 

Earnings Per Common Share Assuming Dilution

0.75
1.46 -49 0.73 3
2.03
3.47 -41
Capital and Exploration Expenditures
7,719
6,586 17 8,079 -4
22,688
18,080 25

Earnings included a favorable tax-related identified item of about $300 million, or $0.07 per share assuming dilution. Capital and exploration expenditures were $7.7 billion, including key investments in the Permian Basin.

Oil-equivalent production rose 3 percent from the third quarter of 2018, to 3.9 million barrels per day. Excluding entitlement effects and divestments, liquids production increased 4 percent driven by Permian Basin growth, while natural gas volumes increased 1 percent.

“We are making excellent progress on our long-term growth strategy,” said Darren W. Woods, chairman and chief executive officer. “Growth in the Permian continues to drive increased liquids production and we are ahead of schedule for first oil in Guyana. The value of our position in Guyana improved further this quarter with an additional discovery, our fourth this year. We are also making good progress on our advantaged investments in the Downstream and Chemical. This quarter, we started production at our new high-performance polyethylene line in Beaumont. The competitiveness of our portfolio was further enhanced with the divestment of non-strategic assets, reaching almost a third of our 2021 objective of $15 billion.”

Third Quarter 2019 Business Highlights

Upstream

  • Average crude and natural gas realizations declined from second quarter, in line with industry markers.
  • Liquids volumes were in line with second quarter, with U.S. unconventional growth offsetting base decline. Natural gas volumes were down 1 percent.
  • Permian unconventional development continued with production up 7 percent from the second quarter and more than 70 percent from the third quarter of last year.

Downstream

  • Industry fuels margins improved from the second quarter on stronger distillate margins in Europe and Asia Pacific.
  • Following completion of significant refinery turnaround activity during the second quarter, scheduled maintenance activity was lower in the third quarter.

Chemical

  • Margins remained weak during the quarter with supply length from recent industry capacity additions.
  • Scheduled maintenance activity was lower than second quarter, however results were impacted by a reliability event at the Baytown, Texas olefins plant.

Strengthening the Portfolio

  • ExxonMobil announced another oil discovery on the Stabroek block offshore Guyana at the Tripletail-1 well, adding to the previously announced resource estimate of more than 6 billion oil-equivalent barrels. The Liza Destiny floating production, storage and offloading vessel arrived offshore Guyana, targeting first oil at the Liza Phase 1 development by December 2019. ExxonMobil estimates gross production from the Stabroek block will exceed 750,000 oil-equivalent barrels per day by 2025.
  • ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. The transaction is expected to close in the fourth quarter of 2019, subject to standard conditions precedent, including customary approvals from regulatory authorities. The agreed sales price of $4.5 billion is subject to interim period adjustments from the effective date of January 1, 2019, to the closing date. Estimated total cash flow from the divestment is around $3.5 billion after closing adjustments, with expected 2019 cash proceeds of around $2.6 billion and estimated cash flow in future periods associated with deferred consideration of $0.3 billion and a refund of income tax payments of $0.6 billion. The corporation expects to recognize a gain of approximately $3.5 billion at closing.

Investing for Growth

  • The company started production on its new high-performance polyethylene line in Beaumont, Texas. The expansion increased plant production capacity by 65 percent or 650,000 metric tons per year, and builds upon supply advantages created by the two new performance polyethylene lines which began production in 2017 at the company’s manufacturing site in Mont Belvieu, Texas.
  • Affiliates of MPLX LP, Delek US and Rattler Midstream LP joined ExxonMobil, Plains All American Pipeline LP and Lotus Midstream LLC as partners in the joint venture to develop the Wink to Webster crude oil pipeline in Texas. The new pipeline system is expected to commence operations in early 2021, providing more than one million barrels per day of Permian takeaway capacity.

Advancing Innovative Technologies and Products

  • The company made additional progress in advancing the development of new technologies to address the risks of climate change. ExxonMobil and Mosaic Materials, Inc. announced an agreement to explore the advancement of potential breakthrough technology to remove carbon dioxide from emissions sources. Mosaic Materials has progressed research on a unique process that uses porous solids, known as metal-organic frameworks, to separate carbon dioxide from air or flue gas. The agreement with ExxonMobil will enable further discussion between the two companies to evaluate opportunities for industrial uses of the technology at scale.
  • ExxonMobil announced the global launch of its Mobil EV™ lubricants offering, which features a full suite of fluids and greases designed to meet the evolving drivetrain requirements of electric vehicles. The new products, which highlight close collaboration between ExxonMobil and original equipment manufacturers, contain molecules carefully selected and blended to help electric vehicles travel further between charges, extend component life, and operate more safely.

Earnings and Volume Summary

Millions of Dollars


(unless noted)
3Q 2019 3Q 2018 Change Comments
 

Upstream

U.S. 37 606 -569 Volumes growth more than offset by lower prices and higher growth-related expenses
Non-U.S. 2,131 3,623 -1,492 Lower prices, absence of identified tax item (-271), and higher growth-related expenses
Total
2,168
4,229
-2,061
Prices -1,510, volumes +230, other -780
Production (koebd) 3,899 3,786 +113

Liquids +106 kbd: growth

Gas +44 mcfd: growth, partly offset by higher downtime and divestments

 

Downstream

       
U.S.  673 961 -288 Higher lubricants margins, more than offset by lower fuels margins with reduced North America crude differentials
Non-U.S. 557 681 -124 Favorable refinery yield/mix impacts more than offset by increased downtime/maintenance and lower fuels margins
Total 
1,230
1,642
-412
Margins -340, downtime/maintenance -80, other +10
Petroleum Product Sales (kbd) 5,504 5,616 -112
 

Chemical

       
U.S. 53 404 -351 Lower margins, higher project-related expenses, and lower volumes
Non-U.S. 188 309 -121 Reduced downtime/maintenance more than offset by lower margins
Total
241
713
-472
Margins -350, downtime/maintenance +20, project-related expenses -70, other -70
Prime Product Sales (kt) 6,476 6,677 -201
Corporate and financing
(469)
(344)
-125
Higher financing costs and absence of prior year identified tax item (-348), partly offset by current year identified tax item (+307)

 

Earnings and Volume Summary

Millions of Dollars


(unless noted)
3Q 2019 2Q 2019 Change Comments
 

Upstream

       
U.S. 37 335 -298 Lower prices and higher growth-related expenses
Non-U.S. 2,131 2,926 -795 Lower prices, lower volumes, and absence of favorable Alberta tax rate change (-487)
Total
2,168
3,261
-1,093
Prices -550, volumes -110, other -430
Production (koebd) 3,899 3,909 -10

Liquids +3 kbd: growth, partly offset by increased downtime


Gas -75 mcfd: growth and lower scheduled maintenance offset by lower entitlements
 

Downstream

       
U.S. 673 310 +363 Reduced downtime/maintenance partly offset by lower fuels margins
Non-U.S. 557 141 +416 Higher fuels and lubricants margins, favorable yield/sales mix, and reduced downtime/maintenance
Total
1,230
451
+779
Margins +140, downtime/maintenance +540, other +100
Petroleum Product Sales (kbd) 5,504 5,408 +96  
 

Chemical

       
U.S. 53 (6) +59 Reduced downtime/maintenance and higher margins, partly offset by unfavorable tax impacts
Non-U.S. 188 194 -6 Lower project-related expenses more than offset by increased downtime/maintenance and lower margins
Total
241
188
+53
Margins +30, downtime/maintenance +40, other -20
Prime Product Sales (kt) 6,476 6,699 -223  
Corporate and financing 
(469)
(770)
+301
Favorable identified tax item (+307)

Earnings and Volume Summary

Millions of Dollars


(unless noted)
YTD 2019  YTD 2018 Change Comments
 

Upstream

       
U.S. 468 1,474 -1,006 Volumes growth more than offset by lower prices, higher growth-related expenses, and impairment charges
Non-U.S. 7,837 9,292 -1,455 Alberta tax rate change (+487), higher volumes, and favorable tax effects, more than offset by lower prices, higher maintenance and exploration expenses, absence of Scarborough divestment gain (-366), and absence of identified tax item (-271)
Total
8,305
10,766
-2,461
Prices -2,280, volume +1,030, expenses -970, other -240
Production (koebd) 3,929 3,774 +155

Liquids +131 kbd: growth and lower downtime

Gas +147 mcfd: growth and lower downtime

 

Downstream

       
U.S.  822 1,975 -1,153 Projects contribution and favorable yield/sales mix more than offset by increased downtime/maintenance and lower margins with narrowing North America crude differentials
Non-U.S. 603 1,331 -728 Projects contribution and favorable foreign exchange more than offset by lower margins and unfavorable yield/sales mix
Total
1,425
3,306
-1,881
Margins -1,430, downtime/maintenance -740, portfolio/projects +190, other +100
Petroleum Product Sales (kbd) 5,443 5,517 -74  
 

Chemical

       
U.S. 208 1,360 -1,152 Lower margins, higher downtime/maintenance, lower volumes, and higher project-related expenses
Non-U.S. 739 1,254 -515 Reduced downtime/maintenance more than offset by lower margins, higher project-related expenses, and unfavorable foreign exchange
Total
947
2,614
-1,667
Margins -1,140, project-related expenses -240, downtime/maintenance -90, other -200
Prime Product Sales (kt) 19,947 20,197 -250  
Corporate and financing
(2,027)
(1,846)
-181
Higher pension expenses and absence of prior year identified tax item (-348) partly offset by current year identified tax item (+307)

Cash Flow from Operations and Asset Sales excluding Working Capital

 

Millions of Dollars

 

3Q 2019

 

Comments

Net income including noncontrolling interests 3,247 Including $77 million for noncontrolling interests
Depreciation 4,873  
Changes in working capital 1,550 Mainly inventory draw and seasonal payables benefit
Other (591) Includes adjustment for noncash identified tax item
Cash Flow from Operating Activities (U.S. GAAP)
9,079
Asset sales 460 Including Norway upstream divestment deposit and Mobile Bay sale
Cash Flow from Operations and Asset Sales
9,539
 Changes in working capital 1,550  
Cash Flow from Operations and Asset Sales excluding Working Capital
7,989
 
 

Millions of Dollars

 

YTD 2019

 

Comments

Net income including noncontrolling interests 9,044 Including $394 million for noncontrolling interests
Depreciation 14,075  
Changes in working capital 2,564 Mainly driven by higher payables
Other (2,319) Equity company earnings greater than dividends, and adjustment for noncash identified items
Cash Flow from Operating Activities (U.S. GAAP)
23,364
Asset sales 600 Including Norway upstream divestment deposit and Mobile Bay sale
Cash Flow from Operations and Asset Sales
23,964
Changes in working capital
2,564  
Cash Flow from Operations and Asset Sales excluding Working Capital
21,400
 

First Nine Months 2019 Financial Updates

During the first nine months of 2019, Exxon Mobil Corporation purchased 5 million shares of its common stock for the treasury at a gross cost of $414 million. These shares were acquired to offset dilution in conjunction with the company’s benefit plans and programs. The corporation will continue to acquire shares to offset dilution in conjunction with its benefit plans and programs.

ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on November 1, 2019. To listen to the event or access an archived replay, please visit www.exxonmobil.com.

Cautionary Statement

Outlooks, projections, goals, targets, descriptions of strategic plans and objectives, and other statements of future events or conditions in this release are forward-looking statements. Actual future results, including business and project plans, capacities, costs, and timing; resource recoveries and production rates; and the impact of new technologies, including to increase capital efficiency and production and to reduce greenhouse gas emissions, could differ materially due to a number of factors. These include global or regional changes in supply and demand for oil, gas, and petrochemicals and other market conditions that impact prices and differentials; reservoir performance; the outcome of exploration projects and timely completion of development and construction projects; the impact of fiscal and commercial terms and the outcome of commercial negotiations or acquisitions; changes in law, taxes, or regulation including environmental regulations, and timely granting of governmental permits; war, trade relations, shipping blockades or harassment, and other political or security disturbances; opportunities for and regulatory approval of potential investments or divestments; the actions of competitors; the capture of efficiencies between business lines; unforeseen technical or operating difficulties; unexpected technological developments; the ability to bring new technologies to commercial scale on a cost-competitive basis, including large-scale hydraulic fracturing projects; general economic conditions including the occurrence and duration of economic recessions; the results of research programs; and other factors discussed under the heading Factors Affecting Future Results on the Investors page of our website at www.exxonmobil.com and in Item 1A of ExxonMobil’s 2018 Form 10-K. We assume no duty to update these statements as of any future date.

Frequently Used Terms and Non-GAAP Measures

This press release 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 for 2019 periods on page 7 and for 2019 and 2018 periods in Attachment V.

This press release also includes cash flow from operations and asset sales excluding working capital. We believe it is useful for investors to consider these numbers in comparing the underlying performance of our business across periods when there are significant period-to-period differences in the amount of changes in working capital. A reconciliation to net cash provided by operating activities is shown for 2019 periods on page 7 and for 2019 and 2018 periods in Attachment V.

This press release also includes earnings excluding identified items, which are earnings excluding significant non-operational events with an absolute corporate total earnings impact of at least $250 million. The earnings impact of an identified item for an individual segment may be less than $250 million when the item impacts several segments. We believe it is useful for investors to consider these figures in comparing the underlying performance of our business across periods when one, or both, periods include identified items. A reconciliation to earnings is shown for 2019 and 2018 periods in Attachment II.

This press release also includes total taxes including sales-based taxes. This is a broader indicator of the total tax burden on the corporation’s products and earnings, including certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities (“sales-based taxes”). It combines “Income taxes” and “Total other taxes and duties” with sales-based taxes, which are reported net in the income statement. We believe it is useful for the corporation and its investors to understand the total tax burden imposed on the corporation’s products and earnings. A reconciliation to total taxes is shown as part of the Estimated Key Financial and Operating Data in Attachment I.

References to the resource base and other quantities of oil, natural gas or condensate may include estimated amounts that are not yet classified as “proved reserves” under SEC definitions, but which are expected to be ultimately recoverable. The term “project” as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. Further information on ExxonMobil’s frequently used financial and operating measures and other terms including “Cash flow from operations and asset sales”, and “Total taxes including sales‑based taxes” is contained under the heading “Frequently Used Terms” available through the “Investors” section of our website at www.exxonmobil.com.

Reference to Earnings

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

Mobil EV is a registered trademark of Exxon Mobil Corporation.

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words such as venture, joint venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities and interests, and those words may not indicate precise legal relationships.

Estimated Key Financial and Operating Data

Exxon Mobil Corporation Third Quarter 2019 - Attachment I
(millions of dollars, unless noted)

 
  Third Quarter Second Quarter First Nine Months 
 

Earnings / Earnings Per Share

2019
2018 2019
2019
2018
Total revenues and other income
65,049
76,605 69,091
197,765
218,317
Total costs and other deductions 
60,328
67,525 64,459
184,123
194,485
Income before income taxes 
4,721
9,080 4,632
13,642
22,832 
     Income taxes
1,474
2,634 1,241
4,598
7,617 
Net income including noncontrolling interests 
3,247
6,446 3,391
9,044
15,215
     Net income attributable to noncontrolling interests 
77
206 261
394
375 
Net income attributable to ExxonMobil (U.S. GAAP)
3,170
6,240 3,130
8,650
14,840 
Earnings per common share (dollars) 
0.75
1.46 0.73
2.03
3.47 
Earnings per common share - assuming dilution (dollars)
0.75
1.46 0.73
2.03
3.47
Exploration expenses, including dry holes
299
292 333
912
911
 

Other Financial Data

     
 
Dividends on common stock          
     Total 
3,716
3,503 3,715
10,936
10,296
     Per common share (dollars) 
0.87
0.82 0.87
2.56
2.41

Millions of common shares outstanding

         
     At period end      
4,231
             
4,234
     Average - assuming dilution 
4,271
4,271 4,271
4,270
4,271
ExxonMobil share of equity at period end      
189,915
190,365
ExxonMobil share of capital employed at period end      
239,653
232,792 
Income taxes
1,474
2,634 1,241
4,598
7,617 
Total other taxes and duties
8,317
8,939 8,366
24,770
26,757
     Total taxes 
9,791
11,573 9,607
29,368
34,374 
Sales-based taxes 
5,228
5,518 5,261
15,474
16,306 
     Total taxes including sales-based taxes 
15,019
17,091  14,868
44,842  
50,680
ExxonMobil share of income taxes of equity companies
426
755 501
1,776
2,150
 
Exxon Mobil Corporation Third Quarter 2019 – Attachment II
(millions of dollars, unless otherwise noted)
  Third Quarter Second Quarter First Nine Months 
 

Earnings (U.S. GAAP) 

2019
2018 2019
2019
2018
 
Upstream
         
     United States
37
606 335
468
1,474
     Non-U.S.
2,131
3,623 2,926
7,837
9,292 
 
Downstream
         
     United States
673
961 310
822
1,975
     Non-U.S.
557
681 141 
603
1,331
 
Chemical
         
     United States
53
404 (6)
208
1,360
     Non-U.S.
188
309 194
739
1,254
Corporate and financing
(469)
(344) (770)
(2,027)
(1,846)
Net income attributable to ExxonMobil 
3,170
6,240 3,130
8,650
14,840

Identified Items Included in Earnings

         
Non-U.S. Upstream
         
     Tax Items  - 271  487
487
271
     Asset Management  -  -   -   366
Non-U.S. Downstream
         
     Tax Items  -  - (9) 
(9)
 
 - 
Non-U.S.Chemical
         
     Tax Items
 -  - 2
2
 -
 Corporate and financing
         
     Tax Items 
307
348  25 
332
348
Corporate total
307 
619 505
812
985

Earnings Excluding Identified Items

         
Upstream
         
     United States
37
606 335
468
1,474
     Non-U.S.
2,131
3,352 2,439
7,350
8,655
Downstream 
         
     United States
673 
961 310
822
1,975
     Non-U.S.
557 
681  150 
612
1,331
Chemical
         
     United States
53
404 (6)
208
1,360
     Non-U.S.
188
309 192
737
1,254
Corporate and financing
(776)
(692) (795)
(2,359)
(2,194)
Corporate total
2,863
5,621 2,625
7,838
13,855
Exxon Mobil Corporation Third Quarter 2019 - Attachment III
  Third Quarter  Second Quarter First Nine Months
 

Net production of crude oil, natural gas liquids, bitumen and synthetic oil, thousand barrels per day (kbd) 

2019
2018 2019
2019
2018

     United States

654
555 662
639
541
     Canada / Other Americas
464
454 469
462
424
     Europe
113
127 103
113
136
     Africa
371
387 383
374
391
     Asia
738
706 727
737
699
     Australia / Oceania
52
57 45
44
47
Worldwide
2,392
2,286
2,389
2,369
2,238
 

Natural gas production available for sale, million cubic feet per day (mcfd)

         
     United States
2,883
2,549 2,803
2,800
2,572
     Canada / Other Americas
254
224 249
247
219
     Europe
1,004
1,004 1,215 
1,440
1,555
     Africa
7
16 5
6
12
     Asia
3,433
3,685 3,461
3,516
3,549
     Australia / Oceania
1,464
1,523 1,387
1,351
1,306
Worldwide
9,045

9,585 

9,120

9,360

9,213

Oil-equivalent production (koebd)1
3,899
3,878 3,909
3,929
3,774
Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Exxon Mobil Corporation Third Quarter 2019 - Attachment IV
  Third Quarter Second Quarter  First Nine Months 
 

Refinery throughput (kbd)

2019
2018 2019
2019
2018
United States 
1,647
1,644
1,430
1,484
1,564
Canada
363
388 344
363
386
Europe
1,325 
1,446  1,314
1,322
1,441
Asia Pacific
532
720 683
608
718
Other
185
194 159
180
155
     
     Worldwide
4,052
4,392 3,930
3,957
4,264
 

Petroleum product sales (kbd) 

         
United States
2,336
2,267 2,264
2,270
2,204
Canada
492
527 482
486
508
Europe
1,508
1,582 1,443
1,487
1,584
Asia Pacific
700
824 775
741
811
Other
468
416 444
459
410
     
     Worldwide
5,504
5,616 5,408
5,443
5,517
Gasolines, naphthas
2,255
2,255 2,198
2,201
2,229
Heating oils, kerosene, diesel
1,833
1,837 1,820
1,855
1,815
Aviation fuels
445
430 391
408
410
Heavy fuels
261
411 308
289
397
Specialty products
710
683 691
690
666
     
     Worldwide
5,504
5,616 5,408
5,443
5,517
 

Chemical prime product sales, thousand metric tons (kt)

         
United States
2,216
2,445 2,295
6,833
7,247
Non-U.S.
4,260
4,232 4,404
13,114
12,950
      Worldwide
6,476
6,677 6,699
19,947
20,197
Exxon Mobil Corporation Third Quarter 2019 - Attachment V
(millions of dollars, unless otherwise noted)
  Third Quarter Second Quarter  First Nine Months
 

Capital and Exploration Expenditures 

2019
2018 2019
2019
2018
 

Upstream

         
     United States
3,002
2,040 3,255
8,805
5,040
     Non-U.S.
2,789
3,290 2,987 
8,589
8,904
     Total
5,791
5,330 6,242
17,394
13,944
 

Downstream

         
     United States
590
297 624 
1,628
861
     Non-U.S.
479
422 489
1,383
1,702
     Total
1,069
719 1,113
3,011
2,563
 

Chemical

         
     United States
656
411 553 
1,761
1,168
     Non-U.S.
196
115 165 
505
356
     Total
852
526 718
2,266
1,524
           
Other
7
11
17
49
Worldwide
7,719
6,586 8,079
22,688
18,080
           
 

Cash flow from operations and asset sales

         
Net cash provided by operating activities (U.S. GAAP)
9,079
11,108 5,947
23,364
27,407
Proceeds associated with asset sales
460
1,491 33
600
3,239
Cash flow with operations and asset sales
9,539
12,599 5,980
23,964
30,646
Changes in working capital
1,550
957 (1,243)
2,564 
(25) 
Cash flow from operations and asset sales excluding working capital
7,989
11,642 7,223 
21,400 
30,671 
Exxon Mobil Corporation Earnings - Attachment VI
  $ Millions $ Per Common Share 1
 

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
     

2019

   
First Quarter 2,350 0.55 
Second Quarter 3,130 0.73
Third Quarter 3,170 0.75
 1 Computed using the average number of shares outstanding during each period.


Public company information:
 NYSE:XOM

Contact: ExxonMobil Media Relations, +1 972-940-6007