ExxonMobil earns $2.7 billion in first quarter 2021

IRVING, Texas – April 30, 2021 – Exxon Mobil Corporation today announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming dilution. First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020.

News April 30, 2021

ExxonMobil earns $2.7 billion in first quarter 2021

Second Quarter 2021 Results and Management Perspectives

  • Earnings increased $5.8 billion over the second quarter of 2020, driven by oil and natural gas demand and best-ever quarterly chemical and lubricants contributions
  • Cash flow from operating activities of $9.7 billion funded the dividend, capital investments and debt reduction
  • Low Carbon Solutions business advanced multiple CCS opportunities and low-emission fuels initiatives
  • Portfolio improvement activities included signing an agreement for the $1.15 billion fourth-quarter sale of the SantopreneTM chemical business, affirmative funding decision for the Bacalhau development in Brazil, and additional exploration success in Guyana
  Second Quarter

 First 

Quarter

First Half
 
2021
2020 2021
2021
2020 
Results Summary

(Dollars in millions, except per share data)


       
Earnings/(Loss) (U.S. GAAP)
4,690
(1,080)
2,730
7,420
(1,690)
 

Earnings/(Loss) Per Common Share Assuming Dilution

1.10
(0.26)
0.64
1.74
(0.40)
Identified Items Per Common Share
Assuming Dilution


0.44
(0.01)
(0.01)
(0.23)
Earnings/(Loss) Excluding Identified Items Per Common Share
Assuming Dilution
1.10
(0.70)
0.65
1.75
(0.17)
Capital and Exploration
Expenditures
3,803
5,327
3,133
6,936
12,470

Oil-equivalent production in the second quarter was 3.6 million barrels per day, down 2% from the second quarter of 2020, driven by increased maintenance activity. Excluding entitlement effects, divestments, and government mandates, oil-equivalent production increased 3%, including growth in the Permian and Guyana. 

“Positive momentum continued during the second quarter across all of our businesses as the global economic recovery increased demand for our products,” said Darren Woods, chairman and chief executive officer.  

“We’re realizing significant benefits from an improved cost structure, solid operating performance and low-cost-of-supply investments that, together, are generating attractive returns and strong cash flow to fund our capital program, pay the dividend and reduce debt. This was particularly true for our Chemical business that delivered their best quarter in company history. In our efforts to support society's energy transition goals, our Low Carbon Solutions business made progress in identifying new opportunities and in establishing new partnerships in carbon capture and storage, hydrogen and low-emission fuels.”  

Second-Quarter Business Highlights 

Upstream 

  • Average realizations for crude oil increased 13% from the first quarter. Natural gas realizations increased 1% from the prior quarter.
  • Liquid volumes decreased 3% from the first quarter, driven by increased planned maintenance activity. Natural gas volumes decreased 10%, driven by lower seasonal demand.
  • During the quarter, production volumes in the Permian averaged 400,000 oil-equivalent barrels per day, an increase of 34% from the second quarter of 2020. The focus remains on continuing to grow positive free cash flow by lowering overall development costs and increasing recovery through efficiency gains and technology applications.

Downstream

  • Industry fuels margins improved from the first quarter, but remain on the low end of the historical range, due to ongoing impacts from market oversupply. Lubricants delivered strong performance, underpinned by lower operating expenses and improved margins.
  • Overall refining throughput was up 3% from the first quarter, when a winter storm in Texas disrupted operations. The company continued to manage refinery operations in line with fuel demand and integrated chemical manufacturing needs.

Chemical

  • Strong base operations supported best-ever quarterly earnings of $2.3 billion, reflecting reliable operations, higher margins and continued cost discipline.
  • Industry margins improved in the quarter on higher product prices, reflecting continued strong demand and regional supply constraints. North America's regional ethane feed advantage grew.

Strengthening the Portfolio 

  • ExxonMobil signed an agreement with Celanese for the sale of its global SantopreneTM chemical business for $1.15 billion, subject to working capital and other adjustments. The sale advances strategic business objectives and includes two manufacturing sites in the United States and United Kingdom. The transaction is expected to close in the fourth quarter of 2021, subject to standard conditions precedent including regulatory approvals.
  • ExxonMobil continued to progress its major deepwater developments in Guyana, including the announcement of new discoveries at Uaru-2, Longtail-3, and Whiptail, which increase confidence in the quality and size of the resource and supports the potential for 7 to 10 floating production, storage and offloading (FPSO) facilities in the Stabroek block.  Exploration, appraisal, and development drilling continues, with a total of six drillships now operating offshore Guyana. The company's high-return developments remain on schedule, with Liza Phase 2 on target for 2022 startup, Payara on schedule for 2024 startup and Yellowtail targeted for 2025 startup.
  • The company continues to make progress on previously announced terminal conversions in Slagen, Norway and Altona, Australia, ensuring ongoing, reliable supply of fuels to these markets through the company's advantaged logistics. The Slagen refinery was safely shutdown in May, while Altona is scheduled to cease refining operations in August.
  • The grass roots chemical plant project, located near Corpus Christi, Texas, recently reached mechanical completion of a monoethylene glycol unit and two polyethylene units. The project, which will produce chemicals used in medical, automotive and packaging products, is expected to start up in the fourth quarter of 2021, ahead of schedule and under budget.

Capital Allocation and Structural Cost Improvement 

  • ExxonMobil’s 2021 capital program is expected to be at the lower end of the previously communicated range of $16 billion to $19 billion. Capital expenditures totaled approximately $7 billion through the first half of the year. The company’s capital allocation priorities continue to be investing in advantaged projects, strengthening the balance sheet and paying a reliable dividend.
  • In addition to reducing structural costs by $3 billion in 2020, the company has captured over $1 billion in further structural savings in the first half of 2021.  The company remains on pace to achieve through 2023 total structural cost reductions of $6 billion relative to 2019. Efforts to identify further structural savings resulting from the reorganizations completed in 2019 continue.

Reducing Emissions and Advancing Low Carbon Solutions 

  • In July, the company signed memorandums of understanding to participate in a major carbon capture and storage (CCS) project in Scotland and to explore the development of CO2 infrastructure in France. The Acorn CCS project in Scotland plans to capture and store approximately 5 million to 6 million metric tons of CO2 per year by 2030. The collaboration in the Normandy region of France seeks to develop CCS technology with the objective of reducing CO2 emissions by up to 3 million metric tons per year by 2030.
  • During the quarter, ExxonMobil expanded its previous agreement with Global Clean Energy to purchase up to 5 million barrels of renewable diesel with commercial production expected to begin in 2022. The agreement is part of the company’s efforts to advance multiple options to produce low-emission biofuels, including new projects, facility upgrades, and purchase agreements. The company expects to produce more than 40,000 barrels per day of biofuels by 2025.

Results and Volume Summary

Millions of Dollars


(unless noted)
2Q 2021 2Q 2020 Change Comments
 

Upstream

U.S. 663
(1,197) 
+1,860
Higher prices and volumes, reduced expenses
Non-U.S. 2,522 
(454)
+2,976
Higher prices, increased volumes, and favorable one-time tax items, partly offset by higher planned maintenance; prior quarter favorable identified items (-168, inventory valuation) 
Total
3,185
(1,651)
+4,836
Prices +4,570, volumes +290, expenses +90, planned maintenance -300, identified items -210, other +400 
Production (koebd) 3,582
3,638
-56
Liquids -106 kbd: higher demand, including the absence of economic curtailments, and project growth, more than offset by lower entitlements, decline, higher planned maintenance, and divestments  

Gas +304 mcfd: higher demand, including the absence of economic curtailments, partly offset by higher planned maintenance and divestments  
 

Downstream

       
U.S.  (149) 
(101)
-48
Higher margins driven by stronger industry refining conditions, improved demand, and lower non-maintenance expenses, more than offset by higher planned maintenance activity and absence of prior quarter favorable identified items (-404, inventory valuation) 
Non-U.S. (78) 
1,077
-1,155
Higher demand and improved margins reflecting stronger industry refining conditions, more than offset by higher planned maintenance activity and unfavorable foreign exchange; prior quarter favorable identified items (-1,190, inventory valuation) 
Total 
(227)
976
-1,203
Margins +430, demand +270, identified items - 1,590, planned maintenance -390, other +70
Petroleum Product Sales (kbd) 5,041 
4,437
+604
 
 

Chemical

       
U.S. 1,282 
171
+1,111
Higher margins and stronger demand
Non-U.S. 1,038
296
+742 Higher margins, stronger demand, favorable foreign exchange, and reduced expenses, partly offset by planned maintenance; prior quarter favorable identified item  
(-144, inventory valuation) 
Total
2,320
467
+1,853
Margins +1,680, demand +250, expenses +100, planned maintenance -160,  identified items -120, other +100
Prime Product Sales (kt) 6,513
5,945 
+568
Corporate and financing
(588)
(872)
+284
Lower financing costs and net favorable tax impacts

Results and Volume Summary

Millions of Dollars


(unless noted)
2Q 2021 1Q 2021 Change Comments
 

Upstream


     
U.S. 663
363
+300
Higher liquids prices, higher liquids volumes, and favorable one-time items 
Non-U.S. 2,522
2,191
+331
Higher liquids prices, higher liquids volumes, and favorable one-time items, partly offset by  higher planned maintenance and seasonally lower gas volumes
Total
3,185
2,554
+631
Prices +680, planned maintenance -360, other +310 
Production (koebd) 3,582
3,787
-205

Liquids -58 kbd: lower entitlements and higher planned maintenance, partly offset by improved reliability and winter storm recovery 


Gas -879 mcfd: lower seasonal demand, lower entitlements, and higher planned maintenance, partly offset by winter storm recovery 

 

Downstream



   
U.S. (149)
(113)
-36
Winter storm recovery and improved demand, more than offset by higher planned maintenance activity
Non-U.S. (78) 
(277)
+199
Higher margins driven by more favorable industry refining conditions and improved demand, partly offset by higher planned maintenance activity
Total
(227)
(390)
+163
Margins +190, demand +70, planned maintenance -220, other +120
Petroleum Product Sales (kbd) 5,041
4,881
 +160  
 

Chemical

   
 
U.S. 1,282
715
+567
Stronger margins
Non-U.S. 1,038
700
+338
Stronger margins, partly offset by planned maintenance 
Total
2,320
1,415
+905
Margins +1,080, planned maintenance -180
Prime Product Sales (kt) 6,513
6,446
+67
Corporate and financing 
(588)
(849)
+261
Lower retirement-related expenses and lower financing costs

Cash Flow from Operations and Asset Sales excluding Working Capital

 

Millions of Dollars

 

2Q 2021

 

Comments

Net income (loss) including noncontrolling interests 4,781
Including $91 million noncontrolling interests
Depreciation 4,952
 
Changes in operational working capital (380)
 
Other 297
Cash Flow from Operating Activities (U.S. GAAP)
9,650

Asset sales 250

Cash Flow from Operations and Asset Sales
9,900
Changes in operational working capital 
380
 
Cash Flow from Operations and Asset Sales excluding Working Capital
 
10,280
 

ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on July 30, 2021. 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 financial and operating performance;  total capital expenditures and mix; cost reductions,  including the ability to meet or exceed announced cash cost and expense reduction objectives; plans to reduce future emissions intensity and the expected resulting absolute emission reductions; CO2 volumes captured and stored; biofuel production; cash flow, dividends and shareholder returns; business and project plans, timing, costs, capacities, and returns; and resource recoveries and production rates could differ materially due to a number of factors. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market conditions that impact prices and differentials for our products; actions of competitors and commercial counterparties; the ability to access short- and long-term debt markets on a timely and affordable basis; the ultimate impacts of COVID-19, including the extent and nature of further outbreaks and the effects of government responses on people and economies; reservoir performance; the outcome of exploration projects; timely completion of development and other construction projects; changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of governmental permits; government policies and support and market demand for low carbon technologies like carbon capture; war, and other political or security disturbances; opportunities for potential investments or divestments and satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining future competitive positioning; unforeseen technical or operating difficulties and unplanned maintenance; the development and competitiveness of alternative energy and emission reduction technologies; the results of research programs and the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors discussed under Item 1A. Risk Factors of ExxonMobil’s 2020 Form 10-K.  

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 for 2021 periods is shown on page 7 and for 2021 and 2020 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 for 2021 periods is shown on page 7 and for 2021 and 2020 periods in Attachment V.  

This press release also includes earnings/(loss) excluding identified items, which are earnings/(loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or 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 2021 and 2020 periods in Attachments II-a and II-b. Corresponding per share amounts are shown on page 1 and in Attachment II-a, including a reconciliation to earnings/(loss) per common share – assuming dilution (U.S. GAAP).

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 operating expenses", “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. 

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 Second Quarter 2021 - Attachment I
(millions of dollars, unless noted)

 
  Second Quarter 2021 Second Quarter 2020  First Quarter 2021  First Half 2021 First Half 2020 
 

Earnings (Loss) / Earnings (Loss) Per Share

         
Total revenues and other income
67,742
32,605
59,147
126,889
88,763
Total costs and other deductions 
61,435
34,245
55,555
116,990
90,661
Income (loss) before income taxes
6,307
(1,640)
3,592
9,899
(1,898)
     Income taxes
1,526
(471)
796
2,322
41
Net income (loss) including noncontrolling interests
4,781
(1,169)
2,796
7,577
(1,939)
     Net income (loss) attributable to noncontrolling interests
91
(89)
66
157
(249)
Net income (loss) attributable to ExxonMobil (U.S. GAAP)
4,690
(1,080)
2,730
7,420
(1,690)
Earnings (loss) per common share (dollars)
1.10
(0.26)
0.64
1.74
(0.40)
Earnings (loss) per common share - assuming dilution (dollars)
1.10
(0.26)
0.64
1.74
(0.40)
Exploration expenses, including dry holes
176
214
164
340
502
 

Other Financial Data

         
Dividends on common stock          
     Total 
3,721
3,715
3,720
7,441
7,434
     Per common share (dollars) 
0.87
0.87
0.87
1.74
1.74 

Millions of common shares outstanding

 
     
     At period end      
4,234
4,228
     Average - assuming dilution 
4,276
4,271 
4,272 
4,274
4,270
ExxonMobil share of equity at period end      
158,571
180,183
ExxonMobil share of capital employed at period end      
221,275
 251,998
Income taxes
1,526
(471) 
796
2,322
 41
Total other taxes and duties
8,441
5,683
7,283
15,724
13,180
     Total taxes 
9,967
5,212
8,079
18,046
13,221
Sales-based taxes 
5,448 
3,129
4,662
10,110
7,614
     Total taxes including sales-based taxes 
15,415
8,341
12,741 
28,156
20,835
ExxonMobil share of income taxes of equity companies
525
(18)
600
1,125
442
 
Exxon Mobil Corporation Second Quarter 2021 – Attachment II-a
(millions of dollars)
  Second Quarter 2021 Second Quarter 2020 First Quarter 2021 First Half 2021 First Half 2020 
Earnings / (Loss) (U.S. GAAP) 
4,690
(1,080)  2,730 
7,420 
(1,690) 
Identified items included in Earnings / (Loss) 
   
 
    Noncash inventory valuation - lower of cost or market 1,922  —  (174)
    Impairments  (787)
     Other items (severance - global workforce review)
(12)
  (31)
  (43)
 —
Corporate total
(12)

1,922

 (31)
 (43)
  (961)
           
Earnings/(Loss) Excluding Identified Items
4,702

(3,002)

 2,761
7,463
 (729)
           
           

$ Per Common Share1

         
           
Earnings / (Loss) Per Common Share Assuming Dilution (U.S. GAAP) 
1.10
(0.26)  0.64
 1.74
 (0.40)

Identified Items Included in Earnings / (Loss)

Per Common Share Assuming Dilution 

         
     Noncash inventory valuation - lower of cost or market  —  0.44  —  —  (0.05)
     Impairments  —  —  —  —  (0.18)
     Other items (severance - global workforce review) (0.01)
 (0.01)
 —
Corporate total
 0.44  (0.01)
 (0.01)
(0.23)
           
Earnings / (Loss) Excluding Identified Items 
Per Common Share Assuming Dilution
1.10
 (0.70)   0.65
 1.75
 (0.17)
1 Computed using the average number of shares outstanding during each period.
Exxon Mobil Corporation Second Quarter 2021 – Attachment II-b
(millions of dollars)
  Second Quarter 2021 Second Quarter 2020  First Quarter 2021 First Half 2021 First Half 2020 

Earnings/(Loss) (U.S. GAAP)

   
   

Upstream

   
     United States
663
(1,197)
363
1,026
(1,901)
     Non-U.S.
2,522
(454)
2,191
4,713
786

Downstream

 
         
    
         
 
     United States
(149)
(101)
(113)
(262)
(202)
     Non-U.S.
(78)
1,077
(277)
(355)
567

Chemical

   
     United States
1,282
171
715
1,997
459
     Non-U.S.
1,038
296
700
1,738
152
Corporate and financing
(588)
(872)
(849)
(1,437)
(1,551) 
Net income (loss) attributable to ExxonMobil
4,690
(1,080)
2,730
7,420
(1,690)

Identified Items Included in Earnings/(Loss)

   
U.S. Upstream
   
      Impairments

(315)
      Other Items (Inventory valuation)
45


Non-U.S. Upstream    
       Impairments



(41)
       Other Items (Inventory valuation)
168


(50)
U.S. Downstream    
        Impairments



(4)
        Other Items (Inventory valuation)
404


(3)
Non-U.S. Downstream    
       Impairments



(335)
       Other Items (Inventory valuation)

1,190


(6)
U.S. Chemical    
       Impairments



(90)
       Other Items (Inventory valuation)
(29)


(29)
Non-U.S. Chemical    
       Impairments
 —

(2)
       Other Items (Inventory valuation)
144

(86)
Corporate and financing    
       Severance - global workforce review
(12)

(31)
(43)

Corporate total
(12)
1,922
(31)
(43)
(961)

Earnings/(Loss) Excluding Identified Items

   

Upstream

   
     United States
663
 (1,242)
363
1,026
(1,586)
     Non-U.S.
2,522
(622)
2,191
4,713
877

Downstream

   
       United States
(149)
(505)
(113)
(262)
(195)
       Non-U.S.
(78)
(113)
(277)
(355)
908

Chemical

   
      United States
1,282
200
715
1,997
578
      Non-U.S.
1,038
152
700
1,738
240
Corporate and financing
(576)
(872)
(818)
(1,394)
(1,551)
Corporate total 
4,702
(3,002)
2,761
7,463
(729)
Exxon Mobil Corporation Second Quarter 2021 - Attachment III
  Second Quarter 2021 Second Quarter 2020  First Quarter 2021  First Half 2021 First Half 2020 
 

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


 
 

     United States

687
628
665
676
664
     Canada / Other Americas
529
483
575
552
520
     Europe
16
31
35
25
31
     Africa
254
333
253
254
346
     Asia
669
783
691
680
789
     Australia / Oceania
45
48
39
42
43
Worldwide
2,200
2,306
2,258
2,229
2,393
 

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

         
     United States
2,804
2,642 
2,767
2,786
2,733
     Canada / Other Americas
189
269
216
203
293
     Europe
654
619
1,403
1,026
956
     Africa
46
4
24
35
6
     Asia
3,433
3,218 
3,599
3,515
3,464
     Australia / Oceania
1,168
1,238
1,164
1,166
1,241
Worldwide
8,294
7,990
9,173
8,731
8,693
Oil-equivalent production (koebd)1
3,582
3,638
3,787
3,684
3,842
Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Exxon Mobil Corporation Second Quarter 2021- Attachment IV
  Second Quarter 2021  Second Quarter 2020 First Quarter 2021  First Half 2021 First Half 2020 

Refinery throughput (kbd)


 
 
United States
1,532
1,440
1,532
1,532
1,499
Canada
332
278
364
348
330
Europe
1,223
1,085 1,153
1,188
1,190
Asia Pacific
607
568 545
576
603
Other
164
145
157
161
166
     
     Worldwide
3,858
3,516
3,751
3,805
3,788

Petroleum product sales (kbd)

   
United States
2,218
1,959 2,077
2,148
2,095
Canada
421
353
409
415
405
Europe
1,297
1,130
1,272
1,285
1,266
Asia Pacific
655
640
665 
660
674
Other
450
355
458
453
422
     
     Worldwide
5,041
4,437
4,881
4,961
4,862
Gasolines, naphthas
2,117
1,736
1,996
2,057
1,929
Heating oils, kerosene, diesel
1,704
1,649
1,692
1,698
1,758
Aviation fuels
201
147
183
192
265
Heavy fuels
275
262
257
266 
259
Specialty products
744
643
753
748
651
     
     Worldwide
5,041
4,437
4,881
4,961
4,862

Chemical prime product sales, thousand metric tons (kt)

   
United States
2,491
1,985
2,190
4,681
4,180
Non-U.S.
4,022
3,960
4,256
8,278
8,002
      Worldwide
6,513
5,945
6,446
12,959
12,182
Exxon Mobil Corporation Second Quarter 2021 - Attachment V
(millions of dollars)
  Second Quarter 2021 Second Quarter 2020  First Quarter 2021  First Half 2021 First Half 2020 

Capital and Exploration Expenditures 

         

Upstream

   
     United States
925
1,637
810
1,735
4,435
     Non-U.S.
1,892
1,940
1,547
3,439
4,268 
     Total
2,817
3,577
2,357
5,174
8,703

Downstream

   
     United States
193
719 
271
464
1,466
     Non-U.S.
262
334
199
461
821
     Total
455
1,053
470
925
2,287 

Chemical

   
     United States
313
563
208
521
1,160
     Non-U.S.
217
132
98
315
317
     Total
530
695
306
836
1,477
   
Other
1
2

1
3
Worldwide
3,803
5,327
3,133
6,936
12,470
   

Cash Flow from Operations and Asset Sales excluding Working Capital

   
Net cash provided by operating activities (U.S. GAAP)
9,650

9,264
18,914
6,274
Proceeds associated with asset sales
250
43
307
557
129
Cash flow from operations and asset sales
9,900
43
9,571
19,471
6,403
Changes in operational working capital
380
1,460
(1,953)
(1,573) 
2,402
Cash flow from operations and asset sales excluding working capital
10,280
1,503 
7,618
17,898
8,805
Exxon Mobil Corporation Earnings/(Loss) - Attachment VI
  $ Millions $ Per Common Share 1

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 
     

2020

   
First Quarter (610)   (0.14) 
Second Quarter (1,080)  (0.26)
Third Quarter (680) (0.15)
Fourth Quarter (20,070)  (4.70)
Year (22,440)  (5.25)
     

2021

   
First Quarter 2,730
 0.64
Second Quarter 4,690  1.10 
 1 Computed using the average number of shares outstanding during each period.

Public Company Information: NYSE: XOM

Contact: Media Line (972) 940-6007