ExxonMobil Earns $14.3 Billion in 2019; $5.7 Billion in Fourth Quarter

IRVING, Texas — Exxon Mobil Corporation today announced estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution.

News Jan. 31, 2020

ExxonMobil Earns $14.3 Billion in 2019; $5.7 Billion in Fourth Quarter
  • Achieved first oil in Guyana, ahead of schedule; resource estimate increases to over 8 billion barrels
  • Grew fourth quarter liquids production by 4 percent over the prior year, driven by Permian Basin
  • Generated $29.7 billion of cash flow from operating activities in 2019; $6.4 billion in fourth quarter
  Fourth Quarter   Third Quarter   Twelve Months
 
 
2019
2018 % 2019 2019 2018 %
 
Earnings Summary

(Dollars in millions, except per share data)
         
      Earnings (U.S. GAAP)
5,690
6,000 -5 3,170 79
14,340
20,840 -31
 

      Earnings Per Common Share Assuming Dilution

1.33
1.41 -6 0.75 77
3.36
4.88 -31
Capital and Exploration Expenditures
8,460
7,843 8 7,719 10
31,148
25,923 20

Exxon Mobil Corporation today announced estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution. Earnings included favorable identified items of about $3.9 billion, or $0.92 per share assuming dilution, mainly a $3.7 billion gain from the Norway upstream divestment. Capital and exploration expenditures were $8.5 billion, including key investments in the Permian Basin.

Oil-equivalent production was in line with the fourth quarter of 2018, at 4 million barrels per day, with a 4 percent increase in liquids offset by a 5 percent decrease in gas. Excluding entitlement effects and divestments, liquids production increased 2 percent driven by Permian Basin growth, while natural gas volumes decreased 4 percent.

"Our operations performed well, while short-term supply length in the downstream and chemicals businesses impacted margins and financial results," said Darren W. Woods, chairman and chief executive officer. "Growth in demand for the products that underpin our businesses remains strong. We remain focused on improving our base businesses, driving efficiencies, and optimizing the value of our investment portfolio." 

Fourth Quarter 2019 Business Highlights

Upstream

  • Average crude and natural gas realizations were essentially in line with third quarter.
  • Liquids volumes increased 2 percent from third quarter, on growth and lower scheduled maintenance. Natural gas volumes increased 5 percent driven by seasonal demand.
  • Permian unconventional development continued with production up 54 percent from the fourth quarter of last year.

Downstream

  • Industry fuels margins were significantly lower than third quarter, reflecting seasonally lower demand and increased supply from reduced industry maintenance.
  • Scheduled refinery maintenance was higher in the fourth quarter, including turnarounds at the company’s refineries in Beaumont, Texas, Altona (Australia), Fawley (United Kingdom), Nanticoke (Canada), Sarnia (Canada), and Sriracha (Thailand).

Chemical

  • Margins weakened further during the quarter from already depressed levels, with supply length from recent industry capacity additions and higher feed costs.

Strengthening the Portfolio

  • ExxonMobil announced that oil production started from the Liza field offshore Guyana, less than five years after the first discovery of hydrocarbons – well ahead of industry average. Gross production from the Liza Phase 1 development, located in the Stabroek block, is expected to reach capacity of 120,000 gross barrels of oil per day in coming months. A second floating production, storage and offloading vessel (FPSO), with production capacity up to 220,000 gross barrels of oil per day, is under construction to support the Liza Phase 2 development. During the quarter, the company also announced its 15th discovery on the Stabroek block, at the Mako-1 well southeast of the Liza field. Inclusive of other recent discoveries, the estimated recoverable resource offshore Guyana now exceeds 8 billion gross oil-equivalent barrels. ExxonMobil anticipates that by 2025 at least five FPSOs will be producing more than 750,000 gross barrels of oil per day.
  • The company completed the previously announced sale of its non-operated upstream assets in Norway to Vår Energi AS for $4.5 billion as part of its plans to divest approximately $15 billion in non-strategic assets by 2021. Estimated total cash flow from the divestment is around $4 billion after closing adjustments, including $2.9 billion received in the fourth quarter 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’s fourth quarter earnings include a $3.7 billion gain on the sale.

Investing for Growth

  • ExxonMobil secured more than 1.7 million acres for exploration offshore Egypt during the quarter. The acquisition includes 1.2 million acres in the North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin. The remaining 0.5 million acres are in the North East El Amriya Offshore block in the Nile Delta. Exploration activities are scheduled to begin in 2020.
  • ExxonMobil, Tencent, Tuhu and a distribution holding company announced a joint venture establishing an integrated car care network in China. Expected to launch in the spring of 2020, the venture will create a digital automotive maintenance ecosystem that integrates suppliers and customers of Mobil-branded lubricants and other vehicle maintenance products and services, while growing the strong Mobil lubricant brand and Mobil-branded car care network in China.

Advancing Innovative Technologies and Products

  • The company continues to progress the development of lower-emissions technologies to address the risks of climate change. ExxonMobil and FuelCell Energy, Inc. announced a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil also signed an agreement with Porthos, the Port of Rotterdam’s transport hub and offshore storage project. The Porthos project intends to construct a pipeline system to collect carbon dioxide from industrial sites within the Port of Rotterdam and transport the molecules offshore for safe, secure and permanent geologic storage.
  • ExxonMobil extended its support of the Massachusetts Institute of Technology Energy Initiative’s (MITEI) low-carbon energy research and education mission by renewing its status as a founding member for another five years. This membership supports MITEI researchers as they evaluate innovative solutions to reduce carbon dioxide emissions in areas including carbon capture, energy storage, and mobility. The company also announced that it has signed agreements with two Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities in the areas of biofuels and bio-products, gas transport and environment, and low-emissions technologies for the power and industrial sectors.

Earnings and Volume Summary

Millions of Dollars


(unless noted)
4Q 2019 4Q 2018 Change Comments
 

Upstream

U.S. 68 265 -197 Lower gas prices and higher growth-related expenses partly offset by prior year identified impairment item (+274)
Non-U.S. 6,069 3,048 +3,021 Norway asset sale (+3,679), other identified items (+364) and higher liquids realizations, partly offset by lower gas prices, higher maintenance and unfavorable tax impacts
Total
6,137
3,313
+2,824
Gas prices -680, liquids prices +230, volumes -140, expenses -130, tax -180, identified items +4,320, other -600
Production (koebd) 4,018 4,010 +8

Liquids +88 kbd: growth and higher entitlements, partly offset by higher downtime


Gas -479 mcfd: higher entitlements and growth, more than offset by higher downtime and divestments
 

Downstream

       
U.S. 895 987 -92 Lower fuels margins including narrower North America crude differentials and unfavorable mark-to-market derivatives partly offset by reduced downtime/maintenance and LIFO inventory benefit (+420)
Non-U.S. 3 1,171 -1,714 Lower margins including unfavorable mark-to-market derivatives partly offset by portfolio/projects contribution and favorable foreign exchange; absence of prior year identified items (-945)
Total
898
2,704
-1,806
Margins -1,620, portfolio/projects +180, downtime/maintenance +100, LIFO inventory benefit +450, identified items -950, other +30
Petroleum Product Sales (kbd) 5,482 5,495 -13  
 

Chemical

       
U.S. (2) 282 -284 Lower margins
Non-U.S. (353) 455 -808 Lower margins, absence of identified tax item (-212), and higher growth-related expenses
Total
(355)
737
-1,092
Margins -670, identified items -210, growth-related expenses -130, other -80
Prime Product Sales (kt) 6,569 6,672 -103  
Corporate and financing
(990)
(754)
-236
Unfavorable tax impacts

Earnings and Volume Summary

Millions of Dollars


(unless noted)
4Q 2019 3Q 2019 Change Comments
 

Upstream

       
U.S. 68 37 +31 Higher gas prices
Non-U.S. 6,069 2,131 +3,938 Net favorable identified items (+3,947) and higher volumes
Total
6,137
2,168
+3,969
Prices +100, volumes +210, identified items +3,950, other -290
Production (koebd) 4,018 3,899 +119

Liquids +44 kbd: growth and higher entitlements, partly offset by divestments


Gas +450 mcfd: higher demand and entitlements, partly offset by divestments
 

Downstream

       
U.S. 895 673 +222 Lower margins including unfavorable mark-to-market derivatives; improved reliability and favorable yield/sales mix exceed increased scheduled maintenance; LIFO inventory benefit (+460)
Non-U.S. 3 557 -554 Lower margins including unfavorable mark-to-market derivatives; improved reliability, projects contribution, favorable foreign exchange and LIFO inventory benefit (+80) exceed higher seasonal expenses
Total
898
1,230
-332
Margins -770, yield/sales mix +60, portfolio/projects +40, downtime/maintenance +40, foreign exchange +60, seasonal expenses -250, LIFO inventory benefit +540, other -50
Petroleum Product Sales (kbd) 5,482 5,504 -22  
 

Chemical

       
U.S. (2) 53 -55 Lower margins
Non-U.S. (353) 188 -541 Lower margins and higher growth-related expenses
Total
(355)
241
-596
Margins -410, growth-related expenses -160, other -30
Prime Product Sales (kt) 6,569 6,476 +93  
Corporate and financing 
(990)
(469)
-521
Unfavorable tax impacts including absence of identified item (-307)

Earnings and Volume Summary

Millions of Dollars


(unless noted)
Full Year 2019 Full Year 2018 Change Comments
 

Upstream

       
U.S. 536 1,739 -1,203 Lower prices; unconventional growth partly offset by higher expenses; prior year identified impairment item (+274) and net unfavorable one-time items
Non-U.S. 13,906 12,340 +1,566 Net favorable identified items (+3,893) and higher liquids volumes, partly offset by lower prices, higher production expenses and net unfavorable one-time items
Total
14,442
14,079
+363
Prices -2,710, volume +860, expenses -1,100, identified items +4,170, net unfavorable onetime items -830, other -30
Production (koebd) 3,952 3,833 +119

Liquids +120 kbd: growth and higher entitlements


Gas -11 mcfd: divestments and higher downtime offset by growth and higher entitlements
 

Downstream

       
U.S.  1,717 2,962 -1,245 Lower margins including narrower North America crude differentials; improved reliability more than offset by increased scheduled maintenance; LIFO inventory benefit (+420)
Non-U.S. 606 3,048 -2,442 Lower margins including unfavorable mark-to-market derivatives; projects contribution and favorable foreign exchange; absence of prior year identified items (-945)
Total
2,323
6,010
-3,687
Margins -2,980, portfolio/projects +350, downtime/maintenance -650, LIFO inventory benefit +450, identified items -950, other +90
Petroleum Product Sales (kbd) 5,452 5,512 -60  
 

Chemical

       
U.S. 206 1,642 -1,436 Lower margins, higher downtime/maintenance, lower volumes, and higher growth-related expenses
Non-U.S. 386 1,709 -1,323 Lower margins; reduced downtime/maintenance, contributions from new assets; absence of identified tax item (-212), unfavorable foreign exchange and lower volumes
Total
592
3,351
-2,759
Margins -1,820, new assets +60, volumes -260, identified items -210, growth-related expenses -140, foreign exchange -140, downtime/maintenance -110, other -140
Prime Product Sales (kt) 26,516 26,869 -353  
Corporate and financing
(3,017)
(2,600)
-417
Unfavorable tax impacts and higher financing costs

Cash Flow from Operations and Asset Sales excluding Working Capital

 

Millions of Dollars

 

4Q 2019

 

Comments

Net income including noncontrolling interests 5,730 Including $40 million for noncontrolling interests
Depreciation 4,923  
Changes in working capital (1,641) Lower payables, inventory impacts
Other (2,660) Includes adjustment for Norway divestment gain and noncash identified tax item
Cash Flow from Operating Activities (U.S. GAAP)
6,352
Asset sales 3,092 Mainly Norway upstream divestment
Cash Flow from Operations and Asset Sales
9,444
Changes in working capital 1,641  
Cash Flow from Operations and Asset Sales excluding Working Capital
11,085

 

 

Millions of Dollars

 

FY 2019

 

Comments

Net income including noncontrolling interests 14,774 Including $434 million for noncontrolling interests
Depreciation 18,998  
Changes in working capital 923 Mainly driven by higher payables
Other (4,979) Includes adjustment for Norway divestment gain, equity company earnings greater than dividends, and adjustment for noncash identified items
Cash Flow from Operating Activities (U.S. GAAP)
29,716
Asset sales 3,692 Including Norway upstream divestment and Mobile Bay sale
Cash Flow from Operations and Asset Sales
33,408
Changes in working capital (923)  
Cash Flow from Operations and Asset Sales excluding Working Capital
32,485

Twelve Months 2019 Financial Updates

During 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 January 31, 2020. 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, petrochemicals, and feedstocks 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 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 agreements and patterns, shipping blockades or harassment, and other political, public health, 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 individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. 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.

LIFO Inventory

Crude oil, products and merchandise inventories are carried at the lower of current market value or cost, generally determined under the last-in first-out method (LIFO). The corporation’s results for the fourth quarters of 2019 and 2018 included a gain of $523 million and $107 million, respectively, attributable to the combined effects of LIFO inventory accumulations and drawdowns driven by operational fluctuations in the corporation’s inventory levels.

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.

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 Fourth Quarter 2019 - Attachment I
(millions of dollars, unless noted)

 
  Fourth Quarter Third Quarter Twelve Months 
 

Earnings / Earnings Per Share

2019
2018 2019
2019
2018
Total revenues and other income
67,173
71,895 65,049
264,938
290,212
Total costs and other deductions 
60,759
63,774 60,328
244,882
259,259
Income before income taxes 
6,414
8,121 4,721
20,056
30,953
     Income taxes
684
1,915 1,474
5,282
9,532
Net income including noncontrolling interests 
5,730
6,206 3,247
14,774
21,421
     Net income attributable to noncontrolling interests 
40
206 77
434
581
Net income attributable to ExxonMobil (U.S. GAAP)
5,690
6,000 3,170
14,340
20,840
Earnings per common share (dollars) 
1.33
1.41 0.75
3.36
4.88
Earnings per common share - assuming dilution (dollars)
1.33
1.41 0.75
3.36
4.88
Exploration expenses, including dry holes
357
555 299
1,269
1,466
 

Other Financial Data

         
Dividends on common stock          
     Total 
3,716
3,502 3,716
14,652
13,798
     Per common share (dollars)
0.87
0.82 0.87
3.43
3.23

Millions of common shares outstanding

         
     At period end      
4,234
4,237
     Average - assuming dilution 
4,269
4,270 4,271
4,270
4,270
ExxonMobil share of equity at period end      
191,650
191,794
ExxonMobil share of capital employed at period end      
240,925
232,280
Income taxes
684
1,915 1,474
5,282
9,532
Total other taxes and duties
8,416
8,473 8,317
33,186
35,230
     Total taxes 
9,100
10,388 9,791
38,468
44,762
Sales-based taxes
5,205
5,444 5,228
20,679
21,750
     Total taxes including sales-based taxes 
14,305
15,832 15,019
59,147
66,512
ExxonMobil share of income taxes of equity companies
714
992 426 2,490 3,142
Exxon Mobil Corporation Fourth Quarter 2019 - Attachment II
(millions of dollars)
  Fourth Quarter Third Quarter Twelve Months 
 

Earnings (U.S. GAAP) 

2019
2018 2019
2019
2018
 
Upstream
         
     United States
68
265 37
536
1,739
     Non-U.S.
6,069
3,048 2,131
13,906
12,340
 
Downstream
         
     United States
895
987 673
1,717
2,962
     Non-U.S.
3
1,717 557
606
3,048
 
Chemical
         
     United States
(2)
282 53
206
1,642
     Non-U.S.
(353)
455 188
386
1,709
Corporate and financing
(990)
(754) (469)
(3,017)
(2,600)
Net income attributable to ExxonMobil 
5,690
6,000 3,170
14,340
20,840
 

Identified Items Included in Earnings

U.S. Upstream





      Other Items - (274) - - (274)
Non-U.S. Upstream          
     Asset Management
3,679
- -
3,679
366
     Tax Items
268
-
-
755

271

     Other Items
-

(96)

-
-

(96)

Non-U.S. Downstream          
     Asset Management
-

888

-
-

888

     Tax Items
-

57

-
(9)

57

Non-U.S. Chemical          
     Tax Items
-

212

-
2

212

Corporate and financing          
     Asset Management
(24)

(6)

-
(24)

(6)

     Tax Items
-
-

307

332

348

Corporate total
3,923

781

307

4,735

1,766

 

Earnings Excluding Identified Items

Upstream          
     United States
68
539 37
536
2,013
     Non-U.S.
2,122
3,144 2,131
9,472
11,799
Downstream          
     United States
895
987 673
1,717
2,962
     Non-U.S.
3
772 557
615
2,103
Chemical          
     United States
(2)

282

53

206

1,642

     Non-U.S.
(353)
243 188
384
1,497
Corporate and financing
(966)
(748) (776)
(3,325)
(2,942)
Corporate total
1,767

5,219

2,863

9,605

19,074

Exxon Mobil Corporation Fourth Quarter 2019 - Attachment III
  Fourth Quarter  Third Quarter Twelve 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

665
583 654
646
551
     Canada / Other Americas
487
474 464
467
438
     Europe
93
122 113
108
132
     Africa
366
376 371
372
387
     Asia
780
745 738
748
711
     Australia / Oceania
45
48 52
45
47
Worldwide
2,436
2,348 2,392
2,386
2,266
 

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

         
     United States
2,713
2,581 2,883
2,778
2,574
     Canada / Other Americas
287
247 254
258
227
     Europe
1,508
1,943 1,004
1,457
1,653
     Africa
10
16 7
7
13
     Asia
3,753
3,804 3,433
3,575
3,613
     Australia / Oceania
1,224
1,383 1,464
1,319
1,325
Worldwide
9,495
9,974 9,045
9,394
9,405
Oil-equivalent production (koebd)1
4,018
4,010 3,899
3,952
3,833
1Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Exxon Mobil Corporation Fourth Quarter 2019 - Attachment IV
  Fourth Quarter Third Quarter  Twelve Months 
 

Refinery throughput (kbd)

2019
2018 2019
2019
2018
United States
1,675
1,661 1,647
1,532
1,588
Canada
322
408 363
353
392
Europe
1,304
1,366 1,325
1,317
1,422
Asia Pacific
570
670 532
598
706
Other
182
193 185
181
164
     
     Worldwide
4,053
4,298 4,052
3,981
4,272
 

Petroleum product sales (kbd) 

         
United States
2,356
2,230 2,336
2,292
2,210
Canada
444
516 492
476
510
Europe
1,456
1,474 1,508
1,479
1,556
Asia Pacific
729
825 700
738
815
Other
497
450 468
467
421
     
     Worldwide
5,482
5,495 5,504
5,452
5,512
Gasolines, naphthas
2,276
2,183 2,255
2,220
2,217
Heating oils, kerosene, diesel
1,903
1,915 1,833
1,867
1,840
Aviation fuels
399
376 445
406
402
Heavy fuels
217
387 261
270
395
Specialty products
687
634 710
689
658
     
     Worldwide
5,482
5,495 5,504
5,452
5,512
 

Chemical prime product sales, thousand metric tons (kt)

         
United States
2,294
2,577 2,216
9,127
9,824
Non-U.S.
4,275
4,095 4,260
17,389
17,045
      Worldwide
6,569
6,672 6,476
26,516
26,869
Exxon Mobil Corporation Fourth Quarter 2019 - Attachment V
(millions of dollars)
  Fourth Quarter Third Quarter  Twelve Months
 

Capital and Exploration Expenditures 

2019
2018 2019
2019
2018
 

Upstream

         
     United States
2,848
2,630 3,002
11,653
7,670
     Non-U.S.
3,243
3,620 2,789
11,832
12,524
     Total
6,091
6,250 5,791
23,485
20,194
 

Downstream

         
     United States
725
325 590
2,353
1,186
     Non-U.S.
635
541 479
2,018
2,243
     Total
1,360
866 1,069
4,371
3,429
 

Chemical

         
     United States
786
579 656
2,547
1,747
     Non-U.S.
213
132 196
718
488
     Total
999
711 852
3,265
2,235
           
Other
10
16 7
27
65
Worldwide
8,460
7,843 7,719
31,148
25,923
           
 

Cash flow from operations and asset sales excluding working capital

         
Net cash provided by operating activities (U.S. GAAP)
6,352
8,607 9,079
29,716
36,014
Proceeds associated with asset sales
3,092
884 460
3,692
4,123
Cash flow from operations and asset sales
9,444
9,491 9,539
33,408
40,137
Changes in working capital
1,641

1,331

(1,550)

(923)

1,356

Cash flow from operations and asset sales excluding working capital
11,085

10,822

7,989

32,485

41,493

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
Fourth Quarter 5,690 1.33
Year 14,340 3.36
 1 Computed using the average number of shares outstanding during each period.