First Quarter 2012 Earnings Call April 26, 2012 David Rosenthal Vice President Investor Relations & Secretary
Business Environment Global economic growth slowed in the first quarter primarily due to contraction in the European Union U.S. and Japanese economies also softening versus 4Q11 levels Developing economies show signs of slowing…
1Q12 Financial Results Achieved strong results while investing for the long term Earnings (effective tax rate of 49%) 9.5 Earnings Per Share Diluted (dollars) 2.00 Shareholder Distributions 7.2 CAPEX 8.8 Cash Flow from Ops…
1Q12 Sources and Uses of Funds Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Beginning Cash 13.1 Earnings 9.5 Depreciation 3.8 21.8 Working…
Total Earnings 1Q12 vs. 1Q11 Earnings decreased by 1.2B Millions of Dollars 10,650 (873) 487 (815) 1 9,450 1Q11 U/S D/S Chem C&F 1Q12 Note: earnings exclude special items, if applicable. See IR supplement for Non-GAAP…
Total Earnings 1Q12 vs. 4Q11 Earnings were essentially flat Millions of Dollars 9,400 (1,027) 1,161 158 (242) 9,450 4Q11 U/S D/S Chem C&F 1Q12 Note: earnings exclude special items, if applicable. See IR supplement for…
Major Projects Advanced global portfolio of high-quality projects Kearl Initial Development and Angola Satellites on schedule for 2012 start up Construction of three Nigeria Satellite platform structures completed Usan…
Russia Arctic and Black Sea Exploration Progressed Strategic Cooperation Agreement with Rosneft Executed joint venture foundation agreements Russian government announced fiscal improvements supporting offshore development…
Deepwater Exploration Achieved success across diverse and robust global deepwater portfolio Active global exploration program Romania: successful deepwater play test with additional 3D seismic planned Tanzania: exploration…
Unconventional Advanced growing portfolio of high-potential unconventional assets US: Woodford Ardmore Expanding position to 230,000 net acres Developing 600 MOEB at 10/OEB Maintaining focus on liquids-rich opportunities with…
Upstream Earnings 1Q12 vs. 1Q11 Earnings decreased 873M reflecting lower volumes, higher operating expenses, and absence of asset sales, partly offset by stronger realizations Millions of Dollars 980 (850) 8,675 (1,000)…
Upstream Volumes 1Q12 vs. 1Q11 Volumes decreased more than 5%: liquids -185 kbd, natural gas -489 mcfd koebd 4,820 (149) 12 (72) (58) 4,553 1Q11 Entitlements Quotas Divestments Net Growth 1Q12 13
Upstream 2012 Volumes Production driven by strong performance and quality projects First Half Second Half 1Q operational performance consistent with plan Usan Target Peak: 180 Gross KBD EMWI: 30% 2nd half project start-ups key…
Upstream Earnings 1Q12 vs. 4Q11 Earnings decreased 1B reflecting the absence of asset sales, partly offset by stronger crude oil realizations and higher natural gas volumes Millions of Dollars 8,829 140 100 (1,270) 7,802…
Upstream Volumes 1Q12 vs. 4Q11 Volumes were up slightly: liquids -36 kbd, natural gas +359 mcfd koebd 4,530 (52) 0 (44) 119 4,553 4Q11 Entitlements Quotas Divestments Net Growth 1Q12 16
Downstream Earnings 1Q12 vs. 1Q11 Earnings increased 487M primarily due to refining optimization and higher gains on asset sales Millions of Dollars 320 1,586 210 1,099 (40) 1Q11 Margin Vol/Mix Other 1Q12 Note:…
Downstream Earnings 1Q12 vs. 4Q11 Earnings increased 1.2B with improved industry refining margins and higher gains on asset sales Millions of Dollars 390 1,586 840 (70) 425 4Q11 Margin Vol/Mix Other 1Q12 Note:…
Chemical Earnings 1Q12 vs. 1Q11 Earnings decreased 815M primarily due to lower margins and higher planned maintenance expense Millions of Dollars 1,516 (520) 0 (300) 701 1Q11 Margin Vol/Mix Other 1Q12 Note: earnings…
Chemical Earnings 1Q12 vs. 4Q11 Earnings increased 158M on stronger demand for specialties products Millions of Dollars 50 701 60 50 543 4Q11 Margin Vol/Mix Other 1Q12 Note: earnings exclude special items, if applicable.…
Summary ExxonMobils strong financial and operating performance reflects value of integrated business model and competitive advantages 1Q12 ExxonMobil possesses unique 9.5 competitive advantages that create Earnings long-term…
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