ExxonMobil earns $4 billion in second quarter of 2018

IRVING, Texas — Exxon Mobil Corporation today announced estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million. During the quarter, the corporation distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 69 percent from the prior year, reflecting key investments in Brazil, the U.S. Permian Basin and Indonesia.

News July 27, 2018

ExxonMobil earns $4 billion in second quarter of 2018
  • Project milestones increasing confidence in long-term growth plans
  • Permian and Bakken production up 30 percent from same quarter last year
  • Eighth discovery offshore Guyana; acquires new interest and acreage in Brazil

Second quarter   First quarter First half
Earning summary

(Dollars in millions, except per share data)
2018
2017 % 2018 %
2018
2017 %
     Earnings (U.S. GAAP)
3,950
3,350 18  4,650 -15
8,600
7,360 17
     Earnings Per Common Share Assuming Dilution
0.92
0.78 18 1.09 -16
2.01
1.73 16
Capital and Exploration Expenditures
6,627
3,925 69 4,867 36
11,494
8,094 42

Oil-equivalent production was 3.6 million barrels per day, down 7 percent from the second quarter of 2017. Excluding entitlement effects and divestments, liquids production increased as growth in the Permian and Bakken in the U.S. and Hebron in Canada more than offset decline and higher downtime driven by scheduled maintenance. Natural gas volumes decreased 10 percent, excluding entitlement effects and divestments, largely due to a continuing shift in U.S. unconventional development from dry gas to liquids and to downtime in Qatar, Australia, and Papua New Guinea.

“Key projects in Guyana, the U.S. Permian Basin, Brazil, Mozambique and Papua New Guinea are positioning us well to meet the objectives we outlined in our long-term earnings growth plans. The high quality of these resources, combined with our strengths in project execution and innovation, will generate strong value over time,” said Darren W. Woods, chairman and chief executive officer. “Second quarter results were primarily impacted by significant scheduled maintenance undertaken to support operational integrity. In addition, while we were pleased with the return of full production following the PNG earthquake, extended recoveries from first quarter operational incidents in the Downstream were disappointing. However, good progress was made during the second quarter in fully recovering from these incidents.”

Second Quarter 2018 Business Highlights

Upstream:

  • Crude prices strengthened in the second quarter, while natural gas prices were mixed.
  • U.S. tight oil growth in the Permian and Bakken continued, reaching over 250,000 oil-equivalent barrels per day in the second quarter, an increase of 30 percent from the same period last year. The Hebron field in Canada continued to exceed expectations, ramping up to 25,000 oil-equivalent barrels per day in the second quarter.
  • Natural gas volumes were impacted by lower seasonal demand in Europe, deliberate near-term shifting of investments in U.S. unconventionals from gas to liquids and downtime in LNG operations, notably in Qatar.
  • Production at Papua New Guinea returned to normal operations in April and reached record daily LNG production rates in June. Second quarter volume loss associated with the earthquake recovery was 17,000 oil-equivalent barrels per day.
  • Scheduled maintenance activities were undertaken to support operational integrity, largely in Canada at Syncrude, Cold Lake and Kearl, impacting volumes and expenses in second quarter.

Downstream:

  • Global refining margins strengthened during the quarter due to higher industry refinery maintenance activity and increased seasonal petroleum product demand.
  • Overall throughput and earnings were impacted by heavy turnaround and maintenance activities during the quarter. Planned turnarounds were successfully completed at the refineries in Saudi Arabia, Port-Jérȏme, France, Baytown and Beaumont, Texas, and Alberta, Canada. Unplanned maintenance, a majority of which was carried-in from the first quarter, was largely completed during the quarter.
  • Growth in higher-value sales of retail fuels in the U.S., Belgium, the Netherlands and Luxembourg, combined with record quarterly sales of Mobil 1 lubricants in the U.S. and China, resulted in improved earnings during the quarter.
  • Depreciation in the Euro and British pound relative to the U.S. dollar negatively impacted earnings.

Chemical:

  • ExxonMobil continued to make significant progress in growing the Chemical business. Second quarter sales were the highest since 2007, and new volumes in Singapore and the U.S. contributed more than 530,000 metric tons of sales during the quarter. This included an additional 145,000 metric tons of high-performance products as the company continued to strengthen its leading position in this market.
  • Chemical margins weakened during the quarter as higher feed and energy costs outpaced stronger realizations.

Strengthening the Portfolio

  • ExxonMobil announced its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone.
  • The company continued to rapidly advance the Liza Phase 1 project with the start of development drilling offshore Guyana. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 4 billion oil-equivalent barrels on the Stabroek Block.
  • ExxonMobil completed the purchase of half of Equinor ASA’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. Production from the field is expected to start in 2023-2024. The company also increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor ASA and Petrogal Brasil SA during Brazil’s fourth pre-salt bid round. ExxonMobil now has interests in 25 blocks offshore Brazil.
  • Qatar Petroleum agreed to partner with ExxonMobil by acquiring a 30 percent interest in two ExxonMobil affiliates, ExxonMobil Exploration Argentina SRL and Mobil Argentina SA, which hold interests in the Vaca Muerta unconventional shale oil and gas plays in Neuquén Province, Argentina. This agreement expands the successful partnership with Qatar Petroleum, and underscores the commitment to develop Argentina’s resources to further support domestic production.
  • ExxonMobil and Eni SpA announced that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the Area 4 block offshore Mozambique. The company is in active negotiations on binding sales and purchase agreements for Rovuma LNG.

Investing for Growth

  • The company started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore. The new resins plant is the world’s largest with a capacity of 90,000 metric tons per year, and the new 140,000-metric-ton-per-year butyl plant will produce premium halobutyl rubber used by manufacturers for tires that better maintain inflation and improve fuel economy.
  • ExxonMobil acquired PT Federal Karyatama, one of Indonesia’s largest manufacturers and marketers of motorcycle lubricants, which expands the company’s position in an important international market. The acquisition includes the Federal Oil brand and a 700,000-barrel-per-year blending plant in Cilegon, Indonesia.
  • ExxonMobil and SABIC announced the creation of a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8-million-metric-ton-per-year ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units. Construction of the project is pending completion of the environmental permitting process. The plant is expected to be operational in the 2021-2022 timeframe.
  • ExxonMobil and Plains All American Pipeline LP have signed a letter of intent to pursue a joint venture to construct a pipeline system to transport crude oil and condensate from multiple locations in the U.S. Permian Basin to the U.S. Gulf Coast. The proposed common carrier pipeline system would be designed to ship more than 1 million barrels of crude oil and condensate per day, providing a safe, efficient and cost effective option to transport ExxonMobil and other third-party production to market destinations in Texas.

Advancing Innovative Technologies and Products

  • ExxonMobil announced it is progressing a multi-billion dollar project at its integrated manufacturing facility in Singapore to expand lubricant basestocks production to meet growing demand. The company plans to apply proprietary technologies to convert heavy by-products to high-quality basestocks designed to help blenders achieve greater formulation flexibility and meet future lubricant performance expectations. Project startup is anticipated in 2023.
  • ExxonMobil announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring compared with 2016. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities. Since 2000, ExxonMobil has spent more than $9 billion on lower-emission energy solutions such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies.

Earnings and volume summary

Millions of dollars

(unless otherwise noted)
2Q 2018 2Q 2017 Change Comments
 

Upstream

U.S.

439 (183) +622 Higher liquids prices and increased liquids volumes, partially offset by higher expenses
Non-U.S. 2,601 1,367 +1,234 Higher prices, partially offset by lower volumes and higher expenses reflecting increased maintenance activity
 
Total
3,040 
1,184
+1,856
Prices +$2,380, downtime/maintenance
-$230, lower volumes due to entitlements
-$120, other -$170 including higher exploration and production expenses
Production (koebd) 3,647 3,922 -275

Liquids -57 kbd: net liquids growth of 25 kbd more than offset by divestments, lower entitlements and scheduled maintenance


Gas -1,307 mcfd: decline largely in U.S. aligned with value focus, higher downtime, lower entitlements and divestments
 

Downstream

U.S. 695 347  +348  Higher margins capturing crude differentials, sales growth, partially offset by downtime / maintenance 
Non-U.S. 29 1,038 -1,009 Sales growth, more than offset by lower margins, downtime / maintenance, unfavorable foreign exchange impacts and lower divestment gains
Total
724
1,385
-661
Margins +$260, sales +$100, downtime / maintenance -$620, unfavorable foreign exchange impacts -$240, lower divestment gains -$130
Petroleum product sales (kbd) 5,502 5,558 -56  
 

Chemical

U.S.  453 481 -28 Volume growth, more than offset by higher expenses
Non-U.S.  437 504 -67 Volume growth, more than offset by lower margins
Total
890
985
-95
Volume growth +$120, margins -$210, other -$10
Prime product sales (kt) 6,852 6,120 +732 Project growth and acquisitions
Corporate and financing 
(704)
(204)
-500
Absence of favorable tax items, lower U.S. tax rate and higher pension-related costs; in line with expectations

Earnings and volume summary

Millions of dollars

(unless otherwise noted)
2Q 2018 1Q 2018 Change Comments
 

Upstream

U.S.

439 429 +10 Stronger liquids prices and higher liquids volumes, largely offset by higher expenses and lower gas prices
Non-U.S. 2,601 3,068 -467 Higher liquids prices, more offset by absence of the Scarborough sale (-$366), downtime / maintenance and lower seasonal volumes
 
Total
3,040 
3,497
-457
Higher prices +$540, lower divestment gains
-$420, downtime / maintenance -$210, lower volumes due to seasonal demand -$180, other -$190
Production (koebd) 3,647 3,889 -242 Liquids -4 kbd: net liquids growth of +50 kbd, more than offset by scheduled downtime and divestment impacts

Gas -1,425 mcfd: lower seasonal demand
 

Downstream

U.S. 695 319  +376  Higher margins and sales growth, partially offset by downtime / maintenance 
Non-U.S. 29 621 -592 Higher margins and sales growth, more than offset by downtime / maintenance and unfavorable foreign exchange impacts
Total
724
940
-216
Higher margins +$630, sales +$50, downtime / maintenance -$620, unfavorable foreign exchange impacts -$210, other -$70
Petroleum product sales (kbd) 5,502 5,432 +70  
 

Chemical

U.S.  453 503 -50 Volume growth, more than offset by higher expenses and lower margins
Non-U.S.  437 508 -71 Lower expenses, more than offset by unfavorable foreign exchange impacts and weaker margins
Total
890
1,011
-121
Volume growth +$50, lower margins -$90, unfavorable foreign exchange impacts -$50, other -$30
Prime product sales (kt) 6,852 6,668 +184 Project growth and acquisitions
Corporate and financing 
(704)
(798)
+94
Favorable tax items and lower financing costs

Earnings and volume summary

Millions of dollars


(unless otherwise noted)
YTD 2018 YTD 2017 Change Comments
 

Upstream

U.S.

868 (201) +1,069 Higher liquids prices, higher liquids volumes and favorable mix, partially offset by higher expenses
Non-U.S. 5,669 3,637 +2,032 Higher prices and the gain on the Scarborough sale ($366), partially offset by lower volumes and higher expenses
 
Total
6,537 
3,436
+3,101
Prices +$3,830, downtime / maintenance -$350, lower volumes due to entitlements -$230, other -$150
Production (koebd) 3,768 4,036 -268

Liquids -87 kbd: growth in North America, more than offset by lower volumes from divestments, entitlements, and decline


Gas -1,090 mcfd: decline in U.S. aligned with value focus, higher downtime, lower entitlements and divestments
 

Downstream

U.S. 1,014 639  +375  Higher margins and sales growth, partially offset by downtime / maintenance 
Non-U.S. 650 1,862 -1,212 Sales growth, more than offset by weaker margins, downtime / maintenance, unfavorable foreign exchange impacts and lower divestment gains
Total
1,664
2,501
-837
Margins +$230, sales +$120, downtime / maintenance -$670, unfavorable foreign exchange impacts -$220, lower divestment gains -$220, other -$80
Petroleum product sales (kbd) 5,467 5.477 -10  
 

Chemical

U.S.  956 1,010 -54 Volume growth, more than offset by higher expenses
Non-U.S.  945 1,146 -201 Volume growth, more than offset by lower margins
Total
1,901
2,156
-255
Volume growth +$220, margins -$460, other -$20
Prime product sales (kt) 13,520 12,192 +1,328 Project growth and acquisitions
Corporate and financing 
(1,502)
(733)
-769
Absence of favorable tax items, lower U.S. tax rate, and higher pension and financing related costs

Cash flow from operations and asset sales

 

Millions of dollars

 

2Q 2018

 

Comments

Net income including noncontrolling interests  3,986 Includes $36 million for noncontrolling interests
Depreciation 4,589  
Changes in working capital (1,333) Mainly driven by inventory and seasonality in payables
Other 538 Includes pension fund impacts
Cash Flow from Operations (U.S. GAAP)
7,780
 
Asset sales 307  
Cash Flow from Operations and Asset Sales
8,087
 
 

Millions of dollars

 

YTD 2018

 

Comments

Net income including noncontrolling interests 8,769 Includes $169 million for noncontrolling interests
Depreciation
9,059
 
Changes in working capital
(982)
Mainly driven by inventory build
Other
(547)
Timing of equity company dividends partly offset by pension fund impacts
Cash Flow from Operations (U.S. GAAP)
16,299
 
Asset sales 1,748  
Cash Flow from Operations and Asset Sales
18,047
 

First Half 2018 Financial Updates

During the first half of 2018, Exxon Mobil Corporation purchased 5 million shares of its common stock for the treasury at a gross cost of $425 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, but does not currently plan on making purchases to reduce shares outstanding.

ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on July 27, 2018. To listen to the event or access an archived replay, please visit www.exxonmobil.com.

Cautionary Statement

Outlooks, projections, goals, targets, descriptions of business plans and objectives, and other statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, capacities, and timing; resource recoveries; earnings and volume growth; and emissions and flaring reductions could differ materially due to a number of factors. These include changes in supply and demand for oil, gas, and petrochemicals or other market conditions affecting the oil, gas, and petrochemical industries; reservoir performance; timely completion of new projects; the impact of fiscal and commercial terms and the outcome of commercial negotiations; changes in law, taxes, or government regulation and timely granting of governmental permits; war and other political or security disturbances; the actions of competitors; unforeseen technical or operating difficulties; unexpected technological developments; 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 2017 Form 10-K. We assume no duty to update these statements as of any future date.

Forward-looking statements in this release regarding future earnings refer to plans outlined at ExxonMobil’s Analysts’ Meeting held on March 7, 2018. The growth figures presented at that meeting are not forecasts of actual future results but were intended to help quantify future potential and goals of management plans and initiatives. See the complete March 7, 2018 presentation available in archive form (including the Cautionary Statement and Supplemental Information included with that presentation) on the Investors page of our website at www.exxonmobil.com for more detailed information. That material includes a description of the assumptions underlying these potential growth estimates including a flat real oil price of $60 per barrel, downstream and chemical margins consistent with 2017 levels, and future gas prices consistent with our internal company plans, as well as a reconciliation of adjusted 2017 earnings used as a baseline.

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 on page 8 and in Attachment V.

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 amounts that are not yet classified as “proved reserves” under SEC definitions, but which we believe will likely be moved into the “proved reserves” category and produced in the future. 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 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 2018 - Attachment I
(millions of dollars, unless noted)
  Second quarter First quarter First half
 

Earnings / earnings per share

2018
2017 2018
2018
2017
Total revenues and other income1
73,501
58,077 68,211
141,712
116,748
Total costs and other deductions
66,989
53,921 60,971
127,960
106,674
Income before income taxes
6,512
4,156 7,240
13,752
10,074
     Income taxes
2,526
892 2,457
4,983
2,720
Net income including noncontrolling interests
3,986
3,264 4,783
8,769
7,354
     Net income attributable to noncontrolling interests
36
(86) 133
169
(6)
Net income attributable to ExxonMobil (U.S. GAAP)
3,950
3,350 4,650
8,600
7,360
Earnings per common share (dollars)
0.92
0.78 1.09
2.01
1.73
Earnings per common share - assuming dilution (dollars)
0.92
0.78 1.09
2.01
1.73
Exploration expenses, including dry holes 
332
514 287
619
803
 

Other financial data

Dividends on common stock
         
     Total
3,502
3,289 3,291
6,793
6,423
     Per common share (dollars)
0.82
0.77 0.77
1.59
1.52
Millions of common shares outstanding
         
     At period end       
4,234
4,237
     Average - assuming dilution
4,271
4,271 4,270
4,270
4,244
ExxonMobil share of equity at period end
     
187,222
179,178
ExxonMobil share of capital employed at period end
     
230,817
223,646
Income taxes
2,526
892 2,457
4,983
2,720
Total other taxes and duties
9,003
7,960 8,815
17,818
15,589
     Total taxes
11,529
8,852 11,272
22,801
18,309
Sales-based taxes
5,507
4,799 5,281
10,788
9,415
     Total taxes including sales-based taxes
17,036
13,651 16,533
33,589
27,724
ExxonMobil share of income taxes of equity companies
655
569 740
1,395
1,216
1 Effective December 31, 2017, the corporation revised its accounting policy election related to the reporting of sales-based taxes, which had no impact on earnings. For more information, please refer to Note 2 in the Financial Section of ExxonMobil's Form 10-K for the period ended December 31, 2017.

 

Exxon Mobil Corporation Second Quarter 2018 - Attachment II
(millions of dollars, unless noted)
  Second quarter First quarter First half
 

Earnings (U.S. GAAP)

2018
2017 2018
2018
2017
 

Upstream

     United States
439
(183) 429
868
(201)
     Non-U.S
2,601
1,367 3,068
5,669
3,637
 

Downstream

     United States
695
347 319
1,014
639
     Non-U.S.
29
1,038 621
650
1,862
 

Chemical

     United States
453
481 503
956
1,010
     Non-U.S.
437
504 508
945
1,146
Corporate and financing
(704)
(204) (798)
(1,502)
(733)
Net income attributable to ExxonMobil
3,950
3,350 4,650
8,600
7,360 

 

Exxon Mobil Corporation Second Quarter 2018 - Attachment III
(millions of dollars, unless noted)

  Second quarter First quarter First half
 

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

2018
2017 2018
2018
2017
     United States
543
520 523
533
516
     Canada / Other Americas
391
374 427
409
398
     Europe
136
195 145
140
200
     Africa
410
417 376
393
425
     Asia
686
710 706
696
710
     Australia / Oceania
46
53 39
43
52
Worldwide
2,212
2,269
2,216
2,214
2,301
 

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

         
     United States
2,591
3,083 2,576
2,583
3,047
     Canada / Other Americas
226
203 211
219
209
     Europe
1,136
1,442 2,542
1,835
2,102
     Africa
9
4 9
9
5
     Asia
3,393
3,867 3,568
3,480
3,837
     Australia / Oceania
1,258
1,321 1,132
1,195
1,211
Worldwide
8,613
9,920
10,038
9,321
10,411
 Oil-equivalent production (koebd)1
3,647
3,922 3,889
3,768
4,036
1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels.

 

Exxon Mobil Corporation Second Quarter 2018 - Attachment IV
(millions of dollars, unless noted)
  Second quarter First quarter First half
 

Refinery throughput (kbd)

2018
2017 2018
2018
2017
     United States
1,529
1,601 1,518
1,524
1,611
     Canada
364
358 408
386
378
     Europe
1,384
1,521 1,495
1,439
1,488
     Asia Pacific
714
664 720
717
658
     Other
114
201 152
133
200
 
          Worldwide
4,105
4,345 4,293
4,199
4,335
 

Petroleum product sales (kbd)

     United States
2,215
2,187 2,128
2,171
2,171
     Canada
514
494 484
499
494
     Europe
1,595
1,653 1,574
1,585
1,595
     Asia Pacific
814
755 795
804
731
     Other
364
469 451
408
486
          Worldwide
5,502
5,558 5,432
5,467
5,477
     Gasolines, naphthas
2,216
2,265 2,215
2,216
2,214
     Heating oils, kerosene, diesel
1,781
1,850 1,828
1,804
1,842
     Aviation fuels
405
383 396
400
377
     Heavy fuels
432
367 346
389
373
     Specialty products
668
693 647
658
671
          Worldwide
5,502
5,558 5,432
5,467
5,477
 

Chemical prime product sales, thousand metric tons (kt)

         
     United States
2,411
2,334 2,391
4,802
4,614
     Non-U.S.
4,441
3,786 4,277
8,718
7,578
          Worldwide
6,852
6,120 6,668
13,520
12,192
1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels.
Exxon Mobil Corporation Second Quarter 2018 - Attachment V
(millions of dollars, unless noted)
  Second quarter First quarter First half
 

Capital and Exploration Expenditures

2018
2017 2018
2018
2017
 

Upstream

     United States
1,752
756 1,248
3,000
1,460
     Non-U.S.
3,103
2,030 2,511
5,614
4,445
     Total
4,855
2,786 3,759
8,614
5,905
 

Downstream

     United States
346
173 218
564
378
     Non-U.S.
884
413 396
1,280
753
     Total
1,230
586 614
1,844
1,131
 

Chemical

         
     United States
414
414 343
757
802
     Non-U.S.
119
121 122
241
230
     Total
533
535 465
998
1,032
           
Other
9
18 29
38
26

Worldwide

6,627
3,925 4,867
11,494
8,094
           
 

Cash flow from operations and asset sales (millions of dollars)

Net cash provided by operating activities (U.S. GAAP)
7,780
6,947 8,519
16,299
15,120
Proceeds associated with asset sales
307
154 1,441
1,748
841
Cash flow from operations and asset sales
8,087
7,101 9,960
18,047
15,961
1 Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels.

 

Exxon Mobil Corporation Earnings - Attachment VI
  $ Millions $ Per Common Share1
 

2014

First quarter 9,100 2.10
Second quarter 8,780 2.05
Third quarter 8,070 1.89
Fourth quarter 6,570 1.56
Year 32,520 7.60
     
 

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
1Computed using the average number of shares outstanding during each period.

Public Company Information: NYSE:XOM

Contact: ExxonMobil Media Relations, 972-940-6007