Second Quarter 2012 Earnings Call July 26, 2012 David Rosenthal Vice President Investor Relations & Secretary
Business Environment Global economic growth slowed in the second quarter primarily due to continued weakness in the European Union U.S. and Japanese economies softening versus 1Q12 levels Developing economies show signs of…
2Q12 Financial Results Achieved strong results while investing for the long term Earnings 15.9 Earnings Per Share Diluted (dollars) 3.41 Shareholder Distributions 7.7 CAPEX 9.3 Cash Flow from Ops and Asset Sales 13.9 Cash…
2Q12 Sources and Uses of Funds Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Beginning Cash 19.1 Earnings 15.9 Depreciation 3.9 13.9 Working…
Total Earnings 2Q12 vs. 2Q11 Earnings increased by 5.2B, primarily due to gains from asset sales, partly offset by one-time tax items Millions of Dollars 5,290 128 (5) 15,910 10,680 (183) 2Q11 U/S D/S Chem C&F 2Q12 Note:…
Total Earnings 2Q12 vs. 1Q12 Earnings increased by 6.5B Millions of Dollars 748 96 15,910 5,060 9,450 556 1Q12 U/S D/S Chem C&F 2Q12 Note: earnings exclude special items, if applicable. See IR supplement for Non-GAAP…
Upstream Major Projects Advanced global portfolio of high-quality projects Achieved first oil at Angola Kizomba Satellites Phase 1 Project Completed installation of three Nigeria Satellite platform structures Completed…
Upstream Russia Arctic and Black Sea Exploration Progressed Strategic Cooperation Agreement with Rosneft Signed agreements to jointly develop tight oil reserves in Western Siberia and establish an Arctic West Siberia Research…
Upstream Conventional Exploration Achieved success across diverse and robust global portfolio Tanzania: two discoveries Romania PNG: one discovery at PNyang South with ongoing exploration Vietnam drilling Vietnam: third…
Upstream Unconventional Liquids Advanced growing portfolio of high-potential unconventional assets Bakken Gross Operated Production (koebd) Developing Bakken acreage 40 Gas Oil Completed a strategic bolt-on 30 acquisition and…
Chemical North America Growth Project Began permitting process for a world-scale ethane cracker Expands integrated Texas facilities Up to 1.5 MTA ethylene Two 650 kTA polyethylene lines Produces premium petrochemicals from…
Chemical Saudi Elastomers Project Approved construction of specialty elastomers project with SABIC Continues long history of investment in Saudi Arabia Project broadens portfolio with specialties 400 kTA rubber,…
Upstream Earnings 2Q12 vs. 2Q11 Earnings decreased 183M reflecting lower oil and U.S. gas realizations and lower volumes, partly offset by gains from asset sales Millions of Dollars 8,541 (870) 1,020 8,358 (330) 2Q11…
Upstream Volumes 2Q12 vs. 2Q11 Volumes decreased 5.6%: liquids -143 kbd, natural gas -606 mcfd koebd 4,396 (168) 2 (62) (16) 4,152 2Q11 Entitlements Quotas Divestments Net Growth 2Q12 15
Upstream Earnings 2Q12 vs. 1Q12 Earnings increased 556M reflecting gains on asset sales, partly offset by weaker oil and gas realizations and lower natural gas volumes Millions of Dollars 1,760 8,358 7,802 (720) (480) 1Q12…
Upstream Volumes 2Q12 vs. 1Q12 Volumes were down 8.8%: liquids -6 kbd, natural gas -2,375 mcfd koebd 4,553 (65) 12 (1) (347) 4,152 1Q12 Entitlements Quotas Divestments Net Growth 2Q12 17
Upstream 2012 Volumes Production driven by quality projects and strong performance Volumes (koebd) First half 2012 operational 4,400 performance ahead of outlook Higher prices and divestments Est. 1H12 Analyst Mtg. 4,300…
Downstream Earnings 2Q12 vs. 2Q11 Earnings increased 5.3B due to gains on asset sales and improved refining margins Millions of Dollars 4,620 6,646 650 20 1,356 2Q11 Margin Vol/Mix Other 2Q12 Note: earnings exclude…
Downstream Earnings 2Q12 vs. 1Q12 Earnings increased 5.1B due to gains on asset sales and improved refining margins Millions of Dollars 4,280 6,646 1,090 (310) 1,586 1Q12 Margin Vol/Mix Other 2Q12 Note: earnings…
Chemical Earnings 2Q12 vs. 2Q11 Earnings increased 130M due to gains on asset sales partly offset by lower margins Millions of Dollars 380 1,449 1,321 (150) (100) 2Q11 Margin Vol/Mix Other 2Q12 Note: earnings exclude…
Chemical Earnings 2Q12 vs. 1Q12 Earnings increased 750M due to gains on asset sales and improved margins Millions of Dollars 660 1,449 160 (70) 701 1Q12 Margin Vol/Mix Other 2Q12 Note: earnings exclude special items,…
Summary ExxonMobils strong financial and operating performance reflects value of integrated business model and competitive advantages 2Q12 ExxonMobil possesses unique 15.9 competitive advantages that create Earnings long-term…
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