Fourth Quarter 2010 Earnings Conference Call and Webcast January 31, 2011 David Rosenthal Vice President Investor Relations & Secretary
Business Environment Improving economic conditions support higher commodity prices. Margins are stronger but continue to be impacted by industry capacity. Modest economic growth in the United States and Europe Stronger growth in…
4Q10 Financial Results Delivered superior results while returning cash to shareholders and successfully executing the long-term investment plan Earnings 9.3 Billion Earnings Per Share Diluted 1.85 Shareholder Distributions 7.2…
2010 Financial Results Delivered superior results and demonstrated financial flexibility by funding investment plan, distributing cash to shareholders, and retiring XTO debt Earnings 30.5 Billion Earnings Per Share Diluted 6.22…
Total Earnings 4Q10 vs. 4Q09 Fourth quarter 2010 earnings increased 3.2B reflecting strong results across all business lines Millions of Dollars 351 (190) 9,250 1,339 1,700 6,050 4Q09 U/S D/S Chem C&F 4Q10 Note: earnings…
Total Earnings 4Q10 vs. 3Q10 Sequential earnings remain robust, increasing 1.9B, reflecting higher realizations and strong Upstream volume growth Millions of Dollars 2,013 (10) (162) 59 9,250 7,350 3Q10 U/S D/S Chem C&F 4Q10…
Total Earnings 2010 vs. 2009 Full-year earnings increased 11B reflecting strong results across all business lines including record Chemical earnings Millions of Dollars 2,604 (340) 30,460 1,786 6,990 19,420 2009 U/S D/S Chem…
Upstream Oil Projects Continuing to progress global portfolio of high-quality liquids projects Drilled world record well at Odoptu Current production rate over 50 kbd Sanctioned Arkutun-Dagi project Peak production of 90 kbd…
Upstream Gas Projects Applying technology and project execution capabilities to strong base of global gas opportunities Commenced PNG pipe-lay operations Signed Barzan Project Joint Venture Agreement with Qatar Petroluem 1.4…
Upstream Unconventional Portfolio North America Developing unmatched North American unconventional portfolio Doubled Fayetteville and increased Haynesville production four-fold Acquired Petrohawks Fayetteville shale assets…
Upstream Unconventional Portfolio Other Evaluating captured opportunities in Europe, Indonesia, and Argentina while pursuing new unconventional opportunities globally Germany: Drilled two coal bed methane (CBM) wells in the Lower…
Upstream Exploration Update Continuing to execute global exploration program focused on high- potential opportunities GoM: Hadrian-5 to commence drilling once permits are granted Turkey: Deepwater Champion drillship mobilized to…
Upstream Earnings 4Q10 vs. 4Q09 Earnings increased 1.7B with stronger worldwide realizations and higher volumes from Qatar. Upstream earnings per barrel were 16.37. Millions of Dollars 560 (240) 7,480 1,380 5,780 4Q09…
Upstream Earnings 4Q10 vs. 3Q10 Sequential earnings increased 2B driven by stronger global realizations, increased seasonal gas demand, and higher liquids volumes Millions of Dollars 870 (20) 7,480 1,160 5,467 3Q10 Realization…
Upstream Earnings 2010 vs. 2009 Earnings increased 7B with stronger global liquids realizations and higher volumes from Qatar, partly offset by unfavorable forex and higher expenses Millions of Dollars 1,170 (690) 6,510 24,097…
Upstream Volumes 2010 vs. 2009 Volumes increased 13%: 10% project growth, 7% XTO, -4% decline / other (liquids +35 KBD, natural gas +2,875 MCFD) KOEBD 270 4,447 263 3,932 (59) 44 (3) Net Interest (23) Price / Spend (36) +…
Downstream Best-in-Class Operations Focusing on operational excellence creates a competitive advantage, as demonstrated recently by the Rotterdam Refinery in the Netherlands Marked 50 years of operation and four years without a…
Downstream World-Class Brands Continuing to grow market leadership in the high-value, synthetic oils market Recently selected by Nissan North America as preferred supplier of engine oil products Nissan and Infiniti dealers in…
Downstream Earnings 4Q10 vs. 4Q09 Earnings improved 1.3B with stronger industry refining margins and lower operating expenses Millions of Dollars 130 1,150 1,220 (10) (189) 4Q09 Margin Vol/Mix Other 4Q10 Note: earnings…
Downstream Earnings 4Q10 vs. 3Q10 Sequential earnings were slightly lower, as positive margin factors were offset by unfavorable forex and other effects Millions of Dollars 220 30 (260) 1,160 1,150 3Q10 Margin Vol/Mix Other…
Downstream Earnings 2010 vs. 2009 Earnings improved 1.8B with stronger industry margins and continued benefits from refining optimization activities Millions of Dollars 210 3,567 420 1,160 1,781 2009 Margin Vol/Mix Other…
Chemical Demand Growth Investing to support growing chemical customer demand while leveraging advantaged feedstocks, integration, and technology 4Q10 projects in butyl polymer specialty business Kawasaki, Japan: +20% capacity…
Chemical Earnings 4Q10 vs. 4Q09 Earnings increased 350M, driven by stronger margins in both commodity and specialty businesses, and continued advantaged feedstocks Millions of Dollars 380 (20) (10) 1,067 716 4Q09 Margin…
Chemical Earnings 4Q10 vs. 3Q10 Earnings decreased 160M due to lower margins caused by higher feedstock costs Millions of Dollars 1,229 (110) (30) (20) 1,067 3Q10 Margin Vol/Mix Other 4Q10 Note: earnings exclude special…
Chemical Earnings 2010 vs. 2009 Record earnings driven by improved margins, strong reliability and continued feedstock advantage Millions of Dollars 200 4,913 380 2,020 2,309 2009 Margin Vol/Mix Other 2010 Note: earnings…
Integration Downstream & Chemical Earnings 2010 vs. 2009 Strong Downstream and Chemical earnings of 8.5B, reflecting our competitive advantages and the strength of our integrated business model Millions of Dollars 410 8,480 800…
Summary ExxonMobils robust financial and operating performance reflect value of integrated business model and competitive advantages 4Q10 2010 ExxonMobil possesses unique 9.3 30.5 Earnings competitive advantages that create Billion…
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