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The “Digital Annual Reports” portion of the web site is an interactive version of the Company’s 2018 Financial & Operating Review, and also contains certain information from the Summary Annual Report. Some of the hyperlinks embedded in this section link to other parts of the Digital Annual Reports, and some hyperlinks take the reader to other articles and information on the Company’s website.

Report Apr. 2, 2019

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Forward-looking statements

Statements of future events or conditions in this report, including projections, targets, expectations, asset profitability, estimates, and business plans, are forward-looking statements. Actual future financial and operating results, including demand growth and energy source mix; capacity growth; the impact of new technologies; production growth; project plans, dates, costs, and capacities; resource additions, production rates, and resource recoveries; efficiency gains; cost savings; earnings growth; integration and technology benefits; returns; and product sales could differ materially due to, for example, changes in the supply of and demand for crude oil, natural gas, and petroleum and petrochemical products and resulting price impacts; reservoir performance; timely completion of development projects; war and other political or security disturbances; changes in law or government regulation, including environmental regulations and political sanctions; the actions of competitors and customers; unexpected technological developments; general economic conditions, including the occurrence and duration of economic recessions; the outcome of commercial negotiations; the impact of fiscal and commercial terms; unforeseen technical difficulties; unanticipated operational disruptions; and other factors discussed in this report and in Item 1A of ExxonMobil’s most recent Form 10-K.

The forward-looking statements and dates used in the “Digital Annual Reports” are based on management’s good faith plans and objectives as of the date of the initial posting of this information, unless otherwise expressly stated. We assume no duty to update these statements as of any future date, and the continued availability of this material on our website should not be deemed to constitute an update or re-affirmation of these figures as of any future date.

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We use non-GAAP concepts and financial measures throughout this publication. These measures may not be comparable to similarly titled measures used by other companies. Definitions of certain financial and operating measures and other terms used in this report – such as “resources” and “resource base” – are contained in the section titled “Frequently Used Terms”.

In the case of non-GAAP financial measures, such as “Return on Average Capital Employed” and “Cash Flow from Operations and Asset Sales,” the definitions also include any reconciliation or other information required by SEC Regulation G. “Factors Affecting Future Results” and “Frequently Used Terms” are also available on the “Investors” section of our website.

As used in this publication, the term “industry” refers to publicly traded international energy companies. The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.

Unless otherwise specified, data shown are for 2018. Prior years’ data have been reclassified in certain cases to conform to the 2018 presentation basis.

Unless otherwise stated, production rates, project capacities, and acreage values are gross.

 

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. Abbreviated references describing global or regional operational organizations, and global or regional business lines are also sometimes used for convenience and simplicity. 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.

Included in this Summary Annual Report are financial and operating highlights and summary financial statements. For complete financial statements, including notes, please refer to ExxonMobil’s 2018 Financial Statements and Supplemental Information booklet included in the Summary Annual Report mailing. The Financial Statements and Supplemental Information booklet also includes “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The “Investors” section of ExxonMobil’s website (exxonmobil.com) contains the Proxy Statement and other company publications, including ExxonMobil’s Financial & Operating Review. These publications provide additional detail about the company’s global operations. 

The following are trademarks, service marks, or proprietary process names of Exxon Mobil Corporation or one of its affiliates: ExxonMobil, Esso, Exxon, Mobil, Mobil 1, EHC, Santoprene, Synergy, Vistamaxx, and Achieve.

The following third-party trademarks or service marks referenced in the text of the report are owned by the entities indicated: PWC + Design (The Trustees of the PWC Business Trust).

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Technology

Technology has led to the development of industry-advantaged assets, processes, products, and applications. We invest in fundamental science and research, leading to advances in existing processes and products, as well as new discoveries. This allows us to meet the evolving needs of society, lower operating and project costs, and develop higher-value processes and products.

Key investments drive performance products growth

ExxonMobil has world-scale chemical manufacturing sites globally, supported by a highly skilled commercial and technical workforce in all major markets. This combination of assets and human capital provides a strong competitive position in the attractive and fast-growing chemicals market.
transparent automobile

Extending performance product offers

We provide the building blocks for a wide range of products. This includes high-performance plastics, synthetic rubber, chemicals, fluids, and solvents. The latter is widely used in various applications, including packaging, automotive, agriculture, and industrial. Solvents also provide sustainability value and benefits. To further our sustainability objectives, we joined with organizations across the chemical value chain to form the Alliance to End Plastic Waste, which is helping to find common solutions to reduce plastic waste and prevent it from entering the environment.

Scale

The size and breadth of our business provides a critical foundation for long-term success. It enables investments in the development of advanced technologies by leveraging benefits across a large base of operations. Facilities and businesses operated consistently around the globe accelerate experience and learning – replicating innovations, improving effectiveness, and driving down cost. Our size allows us to pursue a wide range of value-accretive investments across the commodity price cycle – specifically taking advantage of counter-cyclical opportunities.