First Quarter 2011 Earnings Conference Call and Webcast 2011 Analyst Meeting April 28, 2011 David Rosenthal Vice President Investor Relations & Secretary 1
Business Environment Global economy and energy markets influenced by political unrest and economic uncertainty Global economic recovery impacted by sovereign debt concerns, inflationary pressures, and Japan Energy markets…
1Q11 Financial Results Delivered superior results and demonstrated financial capacity by funding investment plan and distributing cash to shareholders Earnings (effective tax rate of 47%) 10.7 Earnings Per Share Diluted (dollars)…
1Q11 Sources and Uses of Cash Superior cash generation provides ability to fund robust projects, return cash to shareholders, and maintain financial flexibility Billion Beginning Cash Balance 8.5 Earnings 10.7 Depreciation 3.8…
Total Earnings 1Q11 vs. 1Q10 First quarter 2011 earnings increased 4.4B reflecting strong results across all business lines Millions of Dollars 267 160 10,650 1,062 2,861 6,300 1Q10 U/S D/S Chem C&F 1Q11 Note: earnings…
Total Earnings 1Q11 vs. 4Q10 Sequential earnings remain robust, increasing 1.4B, reflecting stronger prices and chemical margins Millions of Dollars 449 (193) 10,650 1,195 (51) 9,250 4Q10 U/S D/S Chem C&F 1Q11 Note: earnings…
Upstream Iraq West Qurna I Achieved improved production target, increasing volumes ten percent above initial field production Current production about 320 kbd gross Day-to-day operations transferred to Field Operating Division…
Upstream Deepwater Hadrian-5 exploration well commenced drilling; awarded 3 new production licenses in Norway U.S. Gulf of Mexico ExxonMobil commenced drilling within several days of receiving permit approval Evaluation of…
Upstream Indonesia Confirming resource potential with conventional by-the-bit oil discovery and coal bed methane evaluation drilling Kedung Keris well discovered second onshore oil field on Cepu block Close proximity to Banyu Urip…
Upstream Earnings 1Q11 vs. 1Q10 Earnings increased 2.9B with stronger crude oil and natural gas realizations. Upstream earnings per barrel were 20. Millions of Dollars 470 8,675 2,550 (160) 5,814 1Q10 Realization Vol/Mix…
Upstream Volumes 1Q11 vs. 1Q10 Volumes increased 10.5%: liquids -15 KBD, natural gas +2,836 MCFD KOEBD 529 4,820 4,362 (65) 29 (35) 1Q10 Entitlements Quotas Divestments Net Growth 1Q11 12
Upstream Earnings 1Q11 vs. 4Q10 Sequential earnings increased 1.2B driven primarily by stronger crude oil and natural gas realizations Millions of Dollars 1,310 (520) 410 8,675 7,480 4Q10 Realization Vol/Mix Other 1Q11 Note:…
Upstream Volumes 1Q11 vs. 4Q10 Volumes decreased 3%: liquids -127 KBD, natural gas -127 MCFD KOEBD 4,968 (91) 16 (25) (48) 4,820 4Q10 Entitlements Quotas Divestments Net Growth 1Q11 14
Downstream Mobil 1 Technology Partnership New agreement with Vodafone McLaren Mercedes maintains longest, continuous oil company sponsorship of a Grand Prix race team Continue to provide Mobil 1 lubricant technology and d…
Downstream Earnings 1Q11 vs. 1Q10 Earnings increased 1.1B with improved industry refining margins, refining optimization, and favorable foreign exchange effects Millions of Dollars 240 1,099 350 470 37 1Q10 Margin…
Downstream Earnings 1Q11 vs. 4Q10 Sequential earnings were essentially flat as higher industry refining margins were offset by higher turnaround maintenance effects Millions of Dollars 160 (270) 1,150 60 1,099 4Q10 Margin…
Chemical Supporting Asia Growth Opened world-class Shanghai Technology Center (STC), supporting the growing needs of ExxonMobil customers New 220,000 ft2 facility equipped with 200+ processing machines and analytical instruments…
Chemical Saudi Elastomers Project Continuing long history of investment in Saudi Arabia and building on strong relationship with SABIC JV elastomers project has moved into front end engineering and design Project will supply 400…
Chemical Earnings 1Q11 vs. 1Q10 Record quarterly earnings of 1.5B, an increase of 267M from 1Q10, driven by strong chemicals margins and feedstock advantage Millions of Dollars 470 0 (200) 1,516 1,249 1Q10 Margin Vol/Mix Other…
Chemical Earnings 1Q11 vs. 4Q10 Earnings increased 449M due to higher commodity chemicals margins and lower planned maintenance expense Millions of Dollars 100 1,516 340 10 1,067 4Q10 Margin Vol/Mix Other 1Q11 Note:…
Integration Downstream & Chemical Earnings 1Q11 vs. 1Q10 Strong Downstream and Chemical earnings, reflecting competitive advantages and strength of integrated business model Millions of Dollars 350 40 2,615 940 1,286 1Q10…
Summary ExxonMobils strong financial and operating performance reflects value of integrated business model and competitive advantages ExxonMobil possesses unique Earnings 10.7 Billion competitive advantages that create Upstream…
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