First Quarter 2013 Earnings Call David Rosenthal Vice President Investor Relations & Secretary April 25, 2013
Business Environment Global economic growth was mixed in the first quarter U.S. economic growth moderate Chinas growth rate slowed European economies remain challenged Crude oil and non-U.S. natural gas prices increased; U.S.…
1Q13 Financial Results Continued strong results, including earnings per share growth of 6% from a year ago Earnings 9.5 Earnings Per Share Diluted (dollars) 2.12 Shareholder Distributions 7.6 CAPEX 11.8 Cash Flow from Ops…
1Q13 Sources and Uses of Funds Cash generation continues to fund a robust investment program and industry-leading shareholder distributions Beginning Cash 9.9 Earnings 9.5 Depreciation 4.1 14.0 Working Capital / Other 0.0…
Total Earnings 1Q13 vs. 1Q12 Earnings increased by 50M, as higher Chemical earnings and lower corporate and financing expenses were mostly offset by lower Upstream earnings Millions of Dollars 9,450 (765) 420 9,500 (41) 436…
Total Earnings 1Q13 vs. 4Q12 Earnings decreased by 450M as lower Upstream and Downstream earnings were partly offset by higher Chemical earnings and lower corporate and financing expenses Millions of Dollars 9,950 (725) (223) 179…
Upstream Major Projects Continue to advance global portfolio of high-quality projects Kearl development progressing Processing bitumen Expansion project 32% complete Telok gas field commenced production On schedule and within…
Upstream Conventional Exploration Active exploration drilling program Tanzania Tangawizi-1 significant gas discovery Zafarani-2 successful appraisal well Additional drilling in 2013 Gulf of Mexico Phobos - encouraging early…
Upstream Conventional Exploration Increasing portfolio of high-quality opportunities Russia Arctic SIERRA Expanded Rosneft SCA LEONE LIBERIA Additional 150M gross acres Liberia New Country Entry 500K net acres offshore Gulf…
Upstream Unconventional Liquids Progressing high-potential, liquids-rich unconventional opportunities Celtic Acquisition Significant acreage position in liquids- ALBERTA rich plays BRITISH COLOMBIA Bakken Growing…
Upstream Earnings 1Q13 vs. 1Q12 Earnings decreased 765M due to lower liquids realizations, lower volumes, and higher expenses, partly offset by higher gas realizations Millions of Dollars 7,802 (230) (280) (250) 7,037 1Q12…
Upstream Volumes 1Q13 vs. 1Q12 Volumes decreased 3.5%: liquids -21 kbd, natural gas -823 mcfd koebd 4,553 (88) 11 (26) (55) 4,395 Price/Spend: +48 Net Interest: (136) 1Q12 Entitlements Quotas Divestments Net Growth 1Q13 13
Upstream Earnings 1Q13 vs. 4Q12 Earnings decreased 725M mainly due to the absence of gains on asset sales and tax items, partly offset by higher realizations Millions of Dollars 340 (80) (980) 7,762 7,037 4Q12 Realization…
Upstream Volumes 1Q13 vs. 4Q12 Volumes increased 2.4%: liquids -10 kbd, natural gas +672 mcfd koebd 184 4,395 4,293 (72) 0 (10) Price/Spend: (70) Net Interest: (2) 4Q12 Entitlements Quotas Divestments Net Growth 1Q13 15
Downstream Earnings 1Q13 vs. 1Q12 Earnings decreased 41M as lower gains on asset sales and lower volumes were offset by improved refining margins Millions of Dollars 780 (290) (530) 1,586 1,545 1Q12 Margin Vol/Mix Other…
Downstream Earnings 1Q13 vs. 4Q12 Earnings decreased 223M reflecting lower volumes and the absence of a LIFO gain, partly offset by improved refining margins Millions of Dollars 470 (430) 1,768 (260) 1,545 4Q12 Margin…
Chemical Earnings 1Q13 vs. 1Q12 Earnings increased 436M due to stronger commodity margins and gains on asset sales Millions of Dollars 120 1,137 320 0 701 1Q12 Margin Vol/Mix Other 1Q13 18
Chemical Earnings 1Q13 vs. 4Q12 Earnings increased 179M due to improved commodity margins and gains on asset sales Millions of Dollars 90 1,137 80 10 958 4Q12 Margin Vol/Mix Other 1Q13 19
Summary ExxonMobils financial and operating performance reflects the value of our strong integrated business model Billions 1Q13 ExxonMobil possesses unique Earnings 9.5 strengths that create long-term shareholder value Cash…
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