Third Quarter 2011 Earnings Conference Call and Webcast 2011 Analyst Meeting October 27, 2011 David Rosenthal Vice President Investor Relations & Secretary 1
Business Environment Challenging economic environment given macroeconomic risks from the European debt crisis and softening growth in China Mixed GDP growth as marginal improvement in the United States was tempered by slowing growth…
3Q11 Financial Results Delivered strong results and maintained financial strength while growing shareholder value through superior cash flow and disciplined investing Earnings (effective tax rate of 47%) 10.3 Earnings Per Share…
3Q11 Sources and Uses of Funds Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Beginning Cash / Marketable Securities 10.3 Earnings 10.3 Depreciation…
Total Earnings 3Q11 vs. 3Q10 Earnings increased 3B reflecting higher oil and gas realizations and improved industry refining margins Millions of Dollars 419 (226) (140) 2,927 10,330 7,350 3Q10 U/S D/S Chem C&F 3Q11 Note:…
Total Earnings 3Q11 vs. 2Q11 Earnings were down 350M due to weaker crude oil realizations and chemical margins, partially offset by higher downstream margins Millions of Dollars 10,680 (147) 223 (318) (108) 10,330 2Q11 U/S D/S Chem…
Major Projects Update Continued to advance global portfolio of high-quality projects Canada: Kearl construction 75% complete PNG: Achieved key milestones Iraq: Increased West Qurna Phase I production to approximately 370 kbd…
Rosneft SCA Entered into Strategic Cooperation Agreement with Rosneft 0 300 Kara Sea, Russia Km Prinovozemelskiy Blocks 1, 2 & 3 Blk 1 Blk 2 Extension of prolific West Siberia Blk 3 hydrocarbon systems Total license area: 30…
Unconventional Update Liquids Growing portfolio of high potential unconventional liquids-rich assets Developing legacy tight oil acreage in Bakken and Permian Bakken 410,000 net acres Permian 400,000 net acres Established…
Growing Value through Integration Investing in high-value, advanced synthetic basestocks New integrated synthetic lubricant basestock plant at Baytown complex 50 kta metallocene polyalphaolefin 2013 startup Proprietary…
Upstream Earnings 3Q11 vs. 3Q10 Earnings increased 2.9B with stronger crude oil and natural gas realizations. Upstream earnings per barrel were 21.31. Millions of Dollars 2,990 (660) 600 8,394 5,467 3Q10 Realization Vol/Mix…
Upstream Volumes 3Q11 vs. 3Q10 Volumes decreased 4%: liquids -172 kbd, natural gas +5 mcfd koebd 4,453 (158) 29 (44) 2 4,282 3Q10 Entitlements Quotas Divestments Net Growth 3Q11 13
Upstream Earnings 3Q11 vs. 2Q11 Earnings decreased 147M as lower crude oil realizations were partly offset by gains from asset divestments Millions of Dollars 8,541 (450) 390 8,394 (90) 2Q11 Realization Vol/Mix Other 3Q11…
Downstream Earnings 3Q11 vs. 3Q10 Earnings increased 419M due to improved industry refining margins, partly offset by other effects, including unfavorable foreign exchange Millions of Dollars 110 (710) 1,020 1,579 1,160…
Downstream Earnings 3Q11 vs. 2Q11 Earnings increased 223M with positive margin and volume mix effects, partly offset by unfavorable foreign exchange impacts Millions of Dollars 270 (410) 360 1,579 1,356 2Q11 Margin Vol/Mix…
Chemical Earnings 3Q11 vs. 3Q10 Earnings decreased 226M primarily due to lower volumes, unfavorable tax effects, and higher maintenance costs Millions of Dollars 50 (110) 1,229 (170) 1,003 3Q10 Margin Vol/Mix Other 3Q11…
Chemical Earnings 3Q11 vs. 2Q11 Earnings decreased 318M due to lower margins, unfavorable foreign exchange effects, and higher maintenance costs Millions of Dollars 1,321 (130) (50) (140) 1,003 2Q11 Margin Vol/Mix Other…
Integration Downstream & Chemical Earnings 3Q11 vs. 3Q10 Combined Downstream and Chemical earnings of 2.6B Millions of Dollars 1,070 0 (880) 2,582 2,389 3Q10 Margin Vol/Mix Other 3Q11 Note: earnings exclude special items,…
Summary Continued strong financial and operating performance reflects value of integrated business model and competitive advantages ExxonMobil possesses unique Earnings 10.3 Billion competitive advantages that create Upstream…
Loading...
