ExxonMobil earnings increase 57 percent to $6.2 billion in third quarter of 2018

IRVING, Texas — Exxon Mobil Corporation today announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier.

News Nov. 2, 2018

ExxonMobil earnings increase 57 percent to $6.2 billion in third quarter of 2018
  • Cash flow from operating activities of $11.1 billion highest since the third quarter of 2014
  • Ninth discovery offshore Guyana, newly acquired acreage in Brazil enhance Upstream opportunities
  • Integration advantages further enhanced by midstream connectivity to Permian and Western Canada
  Third Quarter   Second Quarter   First Nine Months
 
 
2018
2017 % 2018
2018
2017 %
 

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

               
     Earnings (U.S. GAAP)
6,240
3,970 57 3,950 58
14,840
11,330 31
 

     Earnings Per Common Share Assuming Dilution

1.46
0.93 57 0.92 59
3.47
2.66 30
Capital and Exploration Expenditures
6,586
5,987 10 6,627 -1
18,080
14,081 28

Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 10 percent from the prior year.

Oil-equivalent production was 3.8 million barrels per day, down 2 percent from the third quarter of 2017. Excluding entitlement effects and divestments, liquids production increased 6 percent, as growth in North America more than offset decline and higher downtime. Natural gas volumes decreased 4 percent, excluding entitlement effects and divestments, largely due to a continuing near-term shift in U.S. unconventional development from dry gas to liquids.

“We are seeing the benefits of integration as we capture value from advantaged feedstock from the Permian and Western Canada for our North American refineries,” said Darren W. Woods, chairman and chief executive officer. “The logistical network we’ve established provides reliable connectivity between Upstream production and manufacturing facilities. Operational performance improved significantly versus the second quarter with lower levels of scheduled maintenance and reliability levels in line with our expectations.”

“We’re pleased with the increase in production from the second quarter of 2018 recognizing it reflects contributions from just one of our key growth areas, the Permian,” Woods said. “We expect to continue to increase volumes over time as we ramp up activity in the Permian and new projects start up.”

Third Quarter 2018 Business Highlights

Upstream

  • Crude and natural gas prices strengthened in the third quarter.
  • Permian unconventional production experienced strong growth in the third quarter, with a ramp-up to 38 rigs currently in the Midland and Delaware basins.
  • Third quarter production strengthened with improved reliability and lower scheduled maintenance. Syncrude operations in Canada were impacted by a power supply disruption that began in late June with recovery by the middle of September. Also in Canada, Kearl net production reached a quarterly record of 230,000 barrels per day.

Downstream

  • Industry fuels margins strengthened during the quarter in North America and Europe supported by widening crude differentials in North America and tightening supply in Europe. The company leveraged its midstream logistics capacity to connect advantaged crudes from the Permian and Western Canada to its refineries and customers.
  • Overall lower planned maintenance and improved reliability contributed to strong earnings in the quarter.

Chemical

  • Significant turnaround activities commenced at the Singapore chemical plant in the third quarter and are progressing as scheduled.

Strengthening the Portfolio

  • ExxonMobil made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir.
  • ExxonMobil increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s fifth pre-salt bid round. The awarded block added more than 71,500 net acres to the ExxonMobil portfolio, expanding its total position in the country to approximately 2.3 million net acres. ExxonMobil will be the operator and own a 64 percent equity interest in the block.
  • ExxonMobil completed the sale of about 1,000 Esso-branded service stations in Germany to EG Group Ltd. on Oct. 1, 2018. The company is converting its retail business to the branded wholesaler model consistent with other markets in Europe and North America, and will continue selling ExxonMobil-supplied SynergyTM fuels and Mobil-branded lubricants at Esso stations throughout the country.
  • Production started at the Kaombo project, an offshore development on Angola Block 32, where ExxonMobil has a 15 percent interest. Production will reach an estimated 230,000 barrels per day at its peak, and the associated gas will be delivered to the Angola LNG plant in Soyo.

Investing for Growth

  • ExxonMobil started a new 1.5 million-metric-ton-per-year ethane cracker at its integrated Baytown, Texas chemical and refining complex. The new cracker, part of ExxonMobil’s Growing the Gulf initiative, provides ethylene feedstock to new performance polyethylene lines at the company’s Mont Belvieu plastics plant, which began production in the fall of 2017. The Mont Belvieu plant is one of the largest polyethylene plants in the world, with manufacturing capacity of about 1.3 million metric tons per year.
  • ExxonMobil signed a cooperation framework agreement with the Guangdong Provincial People’s Government in China to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China. The multibillion-dollar project, which remains subject to a final investment decision, would include a 1.2 million-metric-ton-per-year ethylene flexible feed steam cracker, two performance polyethylene lines and two differentiated performance polypropylene lines. Startup is planned for 2023.
  • The framework agreement also confirms Guangdong Province’s support in progressing the Huizhou LNG receiving terminal, in which ExxonMobil intends to participate, including supply of LNG.

Advancing Innovative Technologies and Products

  • ExxonMobil started a new unit at its integrated Beaumont, Texas facility, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to remove sulfur and meet U.S. Environmental Protection Agency specifications while minimizing octane loss.
  • ExxonMobil joined the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. As part of the initiative, ExxonMobil will expand its investment in research and development of long-term solutions to reduce greenhouse gas emissions and pursue lower-emission technologies. 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.
  • Startup has commenced on a project to expand ExxonMobil’s specialty elastomers plant in Newport, Wales. When completed, the expansion will increase the company’s global capacity to manufacture Santoprene™ thermoplastic vulcanizate, high-performance elastomers used for automotive, industrial and consumer applications, by 25 percent.

Earnings and Volume Summary

Millions of Dollars


(unless noted)
3Q 2018 3Q 2017 Change Comments
 

Upstream

U.S. 606 (238) +844 Higher liquids prices and liquids volume growth
Non-U.S. 3,623 1,805 +1,818 Higher prices and favorable one-time tax impacts (+240), partly offset by higher production expenses (-260) and lower volumes including downtime
Total
4,229
1,567
+2,662
Prices +2,580, other volumes +130, downtime volumes -80, other +30
Production (koebd) 3,786 3,878 -92

Liquids +6 kbd: growth and improved performance, more than offset lower volumes from entitlements, divestments, decline, and downtime


Gas -584 mcfd: decline largely in U.S. aligned with value focus, lower volumes from divestments and lower demand
 

Downstream

       
U.S.  961 391 +570 Higher margins capturing crude differentials, higher volumes and favorable tax impacts (+110)
Non-U.S. 681 1,141 -460 Lower margins, higher downtime / maintenance and unfavorable foreign exchange impacts
Total 
1,642
1,532
+110
Margins -110, downtime / maintenance -10, other +230
Petroleum Product Sales (kbd) 5,616 5,542 +74  
 

Chemical

       
U.S. 404 403 +1 Stronger margins and growth volumes, offset by higher growth-related expenses
Non-U.S. 309 689 -380 Weaker margins and higher downtime / maintenance, partly offset by growth volumes
Total
713
1,092
-379
Margins -140, downtime / maintenance -90, other volumes +30, other -180
Prime Product Sales (kt) 6,677 6,446 +231 Project growth and acquisitions
Corporate and financing
(344)
(221)
-123
Lower U.S. tax rate

 

Earnings and Volume Summary

Millions of Dollars


(unless noted)
3Q 2018 2Q 2018 Change Comments
 

Upstream

       
U.S. 606 439 +167 Stronger prices, lower expenses and liquids volume growth
Non-U.S. 3,623 2,601 +1,022 Higher volumes including lower downtime, favorable one-time tax items (+270) and stronger prices, partially offset by higher expenses
Total
4,229
3,040
+1,189
Prices +270, other volumes +320, downtime volumes +130, other +470
Production (koebd) 3,786 3,647 +139

Liquids +74 kbd: growth and lower planned maintenance, more than offset lower entitlements and decline


Gas +388 mcfd: lower downtime
 

Downstream

       
U.S. 961 695 +266 Higher margins capturing crude differentials and lower downtime / maintenance
Non-U.S. 681 29 +652 Higher margins, lower downtime / maintenance and absence of unfavorable foreign exchange impacts
Total
1,642
724
+918
Downtime / maintenance +460, margins +150, foreign exchange impacts +140, other +170
Petroleum Product Sales (kbd) 5,616 5,502 +114  
 

Chemical

       
U.S. 404 453 -49 Weaker margins
Non-U.S. 309 437 -128 Higher downtime / maintenance, partly offset by higher growth-related volumes
Total
713
890
-177
Downtime / maintenance -140, margins -20, other volumes +40, other -60
Prime Product Sales (kt) 6,677 6,852 -175 Downtime / maintenance, partly offset by project growth
Corporate and financing 
(344)
(704)
+360
Favorable one-time tax item

Earnings and Volume Summary

Millions of Dollars


(unless noted)
YTD 2018  YTD 2018 Change Comments
 

Upstream

       
U.S. 1,474 (439) +1,913 Higher liquids prices, liquids volume growth and favorable mix, partly offset by higher expenses and unfavorable tax impacts (-270)
Non-U.S. 9,292 5,442 +3,850 Higher prices, favorable one-time tax impacts (+400) and divestment gains, partly offset by lower volumes and higher expenses
Total
10,766
5,003
+5,763
Prices +6,400, divestment gains +290, higher production expenses -740, volumes -430, other +240
Production (koebd) 3,774 3,983 -209

Liquids -56 kbd: growth in North America, more than offset by lower volumes from decline, entitlements and divestments


Gas -920 mcfd: decline in U.S. aligned with value focus, higher downtime and lower volumes from entitlements and divestments
 

Downstream

       
U.S.  1,975 1,030 +945 Higher margins capturing crude differentials, favorable tax impacts and higher sales, partly offset by higher downtime / maintenance
Non-U.S. 1,331 3,003 -1,672 Higher sales, more than offset by weaker margins, higher downtime / maintenance, unfavorable foreign exchange impacts and lower divestment gains
Total
3,306
4,033
-727
Margins +110, sales +180, downtime / maintenance -760, foreign exchange impacts -250, lower divestment gains -180, other +170
Petroleum Product Sales (kbd) 5,517 5,499 +18  
 

Chemical

       
U.S. 1,360 1,413 -53 Volume growth and stronger margins, more than offset by higher growth-related expensesWeaker margins and higher growth-related expenses, partly offset by volume growth and favorable foreign exchange impacts
Non-U.S. 1,254 1,835 -581 Weaker margins and higher growth-related expenses, partly offset by volume growth and favorable foreign exchange impacts
Total
2,614
3,248
-634
Margins -640, volumes +250, foreign exchange impacts +170, growth-related expenses -490, other +80
Prime Product Sales (kt) 20,197 18,638 +1,559 Growth from new assets and stronger demand
Corporate and financing
(1,846)
(954)
-892
Lower net 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

 

3Q 2018

 

Comments

Net income including noncontrolling interests 6,446 Including $206 million for noncontrolling interests
Depreciation 4,658  
Changes in working capital 957 Including seasonal payables effects
Other (953) Mainly changes in deferred income taxes
Cash Flow from Operating Activities (U.S. GAAP)
11,108
 
Asset sales 1,491 Including deposit from Germany service station sales
Cash Flow from Operations and Asset Sales
12,599
 
 

Millions of Dollars

 

YTD 2018

 

Comments

Net income including noncontrolling interests 15,215 Including $373 million for noncontrolling interests
Depreciation 13,717  
Changes in working capital (25)  
Other (1,500) Equity company earnings greater than dividends
Cash Flow from Operating Activities (U.S. GAAP)
27,407
 
Asset sales 3,239  
Cash Flow from Operations and Asset Sales
30,646
 

First Nine Months 2018 Financial Updates

During the first nine months 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 November 2, 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, margins and volume growth and mix; and maintenance activities 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; the capture of efficiencies between business lines; 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 for 2018 period on page 7 and for 2018 and 2017 periods 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.

Synergy and Santoprene are registered trademarks of Exxon Mobil Corporation.

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

Estimated Key Financial and Operating Data

Exxon Mobil Corporation Third Quarter 2018 - Attachment I
(millions of dollars, unless noted)

 
  Third Quarter Second Quarter First Nine Months 
 

Earnings / Earnings Per Share

2018
2017 2018
2018
2017
Total revenues and other income1
76,605
61,100 73,501
218,317
177,848
Total costs and other deductions 
67,525
55,517 66,989
195,485
162,191
Income before income taxes 
9,080
5,583 6,512
22,832
15,657
     Income taxes
2,634
1,498 2,526
7,617
4,218
Net income including noncontrolling interests 
6,446
4,085 3,986
15,215
11,439
     Net income attributable to noncontrolling interests 
206
115 36
375
109
Net income attributable to ExxonMobil (U.S. GAAP)
6,240
3,970 3,950
14,840
11,330
Earnings per common share (dollars) 
1.46
0.93 0.92
3.47
2.66
Earnings per common share - assuming dilution (dollars)
1.46
0.93 0.92
3.47
2.66
Exploration expenses, including dry holes
292
284 332
911
1,087
 

Other Financial Data

         
Dividends on common stock          
     Total 
3,503
3,289 3,502
10,296
9,712
     Per common share (dollars) 
0.82
0.77 0.82
2.41
2.29

Millions of common shares outstanding

         
     At period end      
4,234
4,237
     Average - assuming dilution 
4,271
4,271 4,271
4,271
4,252
ExxonMobil share of equity at period end      
190,365
182,276
ExxonMobil share of capital employed at period end      
232,792
225,308
Income taxes
2,634
1,498 2,526
7,617
4,218
Total other taxes and duties
8,939
8,287 9,003
26,757
23,876
     Total taxes 
11,573
9,785 11,529
34,374
28,094
Sales-based taxes 
5,518
5,065 5,507
16,306
14,480
     Total taxes including sales-based taxes 
17,091 
14,850 17,036
50,680
42,574
ExxonMobil share of income taxes of equity companies
755
512 655
2,150
1,728
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 Third Quarter 2018 – Attachment II
(millions of dollars, unless otherwise noted)
  Third Quarter Second Quarter First Nine Months 
 

Earnings (U.S. GAAP) 

2018
2017 2018
2018
2017
 

Upstream

         
     United States
606
(238) 439
1,474
(439)
     Non-U.S.
3,623
1,805 2,601
9,292
5,442
 

Downstream

         
     United States
961
391 695
1,975
1,030
     Non-U.S.
681
1,141 29
1,331
3,003
 

Chemical

         
     United States
404
403  453 
1,360 
1,413 
     Non-U.S.
309
689  437
1,254
1,835
Corporate and financing
(344)
(221) (704)
(1,846)
(954)
Net income attributable to ExxonMobil 
6,240
3,970 3,950
14,840
11,330
Exxon Mobil Corporation Third Quarter 2018 - Attachment III
  Third Quarter  Second Quarter First Nine Months
 

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

2018
2017 2018
2018
2017

     United States

555
500 543
541
511
     Canada / Other Americas
454
423 391
424
406
     Europe
127
172 136
136
191
     Africa
387
441 410
391
430
     Asia
706
683 686
699
701
     Australia / Oceania
57
61 46
47
55
Worldwide
2,286
2,280
2,212
2,238
2,294
 

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

         
     United States
2,549
2,899 2,591
2,572
2,997
     Canada / Other Americas
224
216 226
219
212
     Europe
1,004
1,326  1,136 
1,555
1,840 
     Africa
16
6 9
12
5
     Asia
3,685
3,646 3,393
3,549
3,773
     Australia / Oceania
1,523
1,492 1,258 
1,306
1,306 
Worldwide
9,001
9,585 
8,613 
9,213
10,133
Oil-equivalent production (koebd)1
3,786
3,878 3,647
3,774
3,983
Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels.
Exxon Mobil Corporation Third Quarter 2018 - Attachment IV
  Third Quarter Second Quarter  First Nine Months 
 

Refinery throughput (kbd)

2018
2017 2018
2018
2017
United States 
1,644
1,435
1,529
1,564
1,552
Canada
388
385 364
386
380
Europe
1,446 
1,555 1,384
1,441
1,510
Asia Pacific
720
715 714
718
678
Other
194
197 114
155
199
     
     Worldwide
4,392
4,287 4,105
4,264
4,319
 

Petroleum product sales (kbd) 

         
United States
2,267
2,209 2,215
2,204
2,184
Canada
527
508 514
508
499
Europe
1,582
1,608 1,595
1,584
1,599
Asia Pacific
824
746 814
811
736
Other
416
471 364
410
481
     
     Worldwide
5,616
5,542 5,502
5,517
5,499
Gasolines, naphthas
2,255
2,266 2,216
2,229
2,232
Heating oils, kerosene, diesel
1,837
1,836 1,781
1,815
1,840
Aviation fuels
430
380 405
410
378
Heavy fuels
411
372 432
397
372
Specialty products
683
688 668
666
677
     
     Worldwide
5,616
5,542 5,502
5,517
5,499
 

Chemical prime product sales, thousand metric tons (kt)

         
United States
2,445
2,294 2,411
7,247
6,908
Non-U.S.
4,232
4,152 4,441
12,950
11,730
      Worldwide
6,677
6,446 6,852
20,197
18,638
Exxon Mobil Corporation Third Quarter 2018 - Attachment V
(millions of dollars, unless otherwise noted)
  Third Quarter Second Quarter  First Nine Months
 

Capital and Exploration Expenditures 

2018
2017 2018
2018
2017
 

Upstream

         
     United States
2,040
1,098 1,752
5,040
2,558
     Non-U.S.
3,290
2,077 3,103
8,904
6,522
     Total
5,330
3,175 4,855
13,944
9,080
 

Downstream

         
     United States
297
181 346
861
559
     Non-U.S.
422
430 884
1,702
1,183
     Total
719
611 1,230
2,563
1,742
 

Chemical

         
     United States
411
392 414
1,168
1,194
     Non-U.S.
115
1,791 119
356
2,021
     Total
526
2,183 533
1,524
3,215
           
Other
11
18 9
49
44
Worldwide
6,586
5,987 6,627
18,080
14,081
           
 

Cash flow from operations and asset sales

         
Net cash provided by operating activities (U.S. GAAP)
11,108
7,535 7,780
27,407
22,655
Proceeds associated with asset sales
1,491
854 307
3,239
1,695
Cash flow with operations and asset sales
12,599
8,389 8,087
30,646
24,350
Exxon Mobil Corporation Earnings - Attachment VI
  $ Millions $ Per Common Share 1
 

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
Third Quarter 6,240 1.46
 1 Computed using the average number of shares outstanding during each period.


Public company information:
 NYSE:XOM

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