Second Quarter 2011 Earnings Conference Call and Webcast 2011 Analyst Meeting July 28, 2011 David Rosenthal Vice President Investor Relations & Secretary 1
Business Environment Global economy and energy markets influenced by slower growth and continued uncertainty in the macro environment Global economic recovery negatively impacted by sovereign debt concerns, sluggish business…
2Q11 Financial Results Delivered strong results and demonstrated financial capacity by funding investment plan and distributing cash to shareholders Earnings (effective tax rate of 45%) 10.7 Earnings Per Share Diluted (dollars) 2.18…
2Q11 Sources and Uses of Funds Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Beg Cash / Marketable Securities 13.2 Earnings 10.7 Depreciation 3.9…
Total Earnings 2Q11 vs. 2Q10 Second quarter 2011 earnings increased 3.1B Millions of Dollars 3,205 136 (47) (174) 10,680 7,560 2Q10 U/S D/S Chem C&F 2Q11 Note: earnings exclude special items, if applicable. See IR supplement…
Total Earnings 2Q11 vs. 1Q11 Sequential earnings were essentially flat Millions of Dollars (134) 257 (195) 102 10,650 10,680 1Q11 U/S D/S Chem C&F 2Q11 Note: earnings exclude special items, if applicable. See IR supplement for…
Liquids Projects Progressed global portfolio of high-quality liquids projects Indonesia: Fully funded the Banyu Urip project Eastern Canada: Started early oil production from Hibernia Southern Extension project Iraq:…
Exploration Update Continued active exploration program drilling in new plays and established basins Turkish Black Sea Deepwater Champion drillship arrived and commenced drilling the Kastamonu exploration well U.S. Gulf of Mexico…
Phillips Acquisition Acquisition of high value assets have strengthened unconventional position Concluded acquisition of Phillips Resources Inc. and TWP Inc. (the Phillips Companies) on June 2, 2011 Added 317,000 net acres in the…
Unconventional Update - U.S. Growth of high value unconventional assets strengthen ExxonMobils resource position XTO Resource Base Evolution (U.S.) TCFE XTO is currently managing 76 TCFE 80 76 Since the merger, nearly two- thirds…
Unconventional Update - Global Growing global portfolio of high potential unconventional assets Argentina: drilling to begin 4Q 2011 Canada: continuing drilling in the Canada Poland Cardium and Horn River basins Germany China…
Upstream Earnings 2Q11 vs. 2Q10 Earnings increased 3.2B with stronger crude oil and natural gas realizations. Upstream earnings per barrel were 21.35. Millions of Dollars 3,630 (480) 60 8,541 5,336 2Q10 Realization Vol/Mix…
Upstream Volumes 2Q11 vs. 2Q10 Volumes increased 10%: liquids +26 KBD, natural gas +2,242 MCFD KOEBD 500 4,396 3,996 (101) 43 (42) 2Q10 Entitlements Quotas Divestments Net Growth 2Q11 14
Upstream Earnings 2Q11 vs. 1Q11 Sequential earnings decreased 134M as stronger crude oil and natural gas realizations were offset by volume and mix effects Millions of Dollars 1,240 (1,060) 8,675 (310) 8,541 1Q11 Realization…
Downstream Earnings 2Q11 vs. 2Q10 Earnings increased 136M with improved industry refining margins and benefits from refining optimization activities Millions of Dollars 150 (70) 1,356 60 1,220 2Q10 Margin Vol/Mix Other 2Q11…
Downstream Earnings 2Q11 vs. 1Q11 Sequential earnings increased 257M, driven primarily by higher industry refining and marketing margins Millions of Dollars 350 (50) (40) 1,356 1,099 1Q11 Margin Vol/Mix Other 2Q11 Note:…
Chemical Earnings 2Q11 vs. 2Q10 Earnings were even with 2Q10 as stronger chemical margins were offset by lower volumes and other effects Millions of Dollars 120 (90) 1,368 (80) 1,321 2Q10 Margin Vol/Mix Other 2Q11 Note:…
Chemical Earnings 2Q11 vs. 1Q11 Sequential earnings decreased 195M due to lower margins and other effects Millions of Dollars 1,516 (80) (10) (110) 1,321 1Q11 Margin Vol/Mix Other 2Q11 Note: earnings exclude special items,…
Integration Downstream & Chemical Earnings 2Q11 vs. 2Q10 Continued strong Downstream and Chemical earnings reflect competitive advantages and strength of integrated business model Millions of Dollars 180 60 (150) 2,588 2,677…
Summary ExxonMobils strong financial and operating performance reflects the value of integrated business model and competitive advantages ExxonMobil possesses unique Earnings 10.7 Billion competitive advantages that create Upstream…
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