Third Quarter 2010 Earnings Conference Call and Webcast October 28, 2010 David Rosenthal Vice President Investor Relations & Secretary
3Q10 Business Environment Global economic recovery and near-term supply and demand balances impacted by mixed economic activity Challenging economic environment in the United States and Europe Stronger recovery in the developing…
3Q10 Financial Results Delivered superior financial and operating performance while successfully executing the long-term investment plan Earnings 7.4 Billion Earnings Per Share Diluted 1.44 Shareholder Distributions 5.2 Billion…
Total Earnings 3Q10 vs. 3Q09 Third quarter 2010 earnings increased 2.6B reflecting strong results across all business lines Millions of Dollars 353 (23) 7,350 835 1,455 4,730 3Q09 U/S D/S Chem C&F 3Q10 Earnings Earnings…
Total Earnings 3Q10 vs. 2Q10 Sequential earnings remain robust reflecting Upstream volume growth Millions of Dollars 7,560 131 (60) (139) (142) 7,350 2Q10 U/S D/S Chem C&F 3Q10 Earnings Earnings Note: earnings exclude special…
Upstream 7
2010 Major Projects Rigorous, high-quality project management processes continue to deliver industry-leading project execution performance Odoptu project started up on time and budget Developed with world-class extended-reach…
Iraq Redevelopment Project is on schedule and well work activity has commenced Development Phases Completed 6-month contract Projects milestones 2000 Operations ERP 3 New Facilities 1500 ERP 2 - New Facilities Major contracts…
Kearl Oil Sands Project Initial phase on schedule to commence operations by year-end 2012; production outlook increased to 345 kbd Construction 25% complete Original plan developed Kearl in 3 phases to produce 300 kbd…
Other Liquids Project Updates Continue to progress global portfolio of high quality liquids projects Received approval for Hibernia Southern Extension Project Development Plan Amendment Awarded topsides front-end engineering and…
Unconventional Portfolio - XTO Integration Transfer of technology and experience will provide significant benefits Consolidating activities to leverage XTOs experience and operational capabilities Eagle Ford, Haynesville, and…
Unconventional Portfolio - Horn River Horn River world-class Devonian shale gas resource Over 300,000 net acres one of the largest net acreage holders Two horizontal well tests completed Five wells planned for 2010/2011…
Exploration Highlights Continue to execute global exploration program Germany: commenced Coal Bed Methane (CBM) drilling Indonesia: CBM drilling to begin in Placeholder December 2010 Philippines: Fourth exploration well…
Upstream Earnings 3Q10 vs. 3Q09 Earnings increased 1.5B with stronger worldwide realizations combined with higher volumes from Qatar projects and the addition of XTO Millions of Dollars 270 150 5,467 1,030 4,012 3Q09 Earnings…
Low Sulfur Motor Fuels Global investments continue to increase production of low sulfur motor fuels Commissioned new facilities in Baytown, Texas, and Baton Rouge, Louisiana Nearing completion of commissioning activities at…
Mobil 1: Sponsorship with Tony Stewart Mobil 1 is the official motor oil of NASCAR; reinforces lubricant technology leadership and supports growth in markets Demonstrates ExxonMobils outstanding product performance under extreme…
Downstream Earnings 3Q10 vs. 3Q09 Earnings improved as industry refining margins strengthened; continued to capture benefits from refining optimization efforts Millions of Dollars 390 1,160 150 300 325 3Q09 Earnings…
Downstream Earnings 3Q10 vs. 2Q10 Earnings slightly lower, as weaker industry refining and marketing margins largely offset by lower planned maintenance and other factors Millions of Dollars 1,220 (390) 220 1,160 110 2Q10…
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Advantaged Growth Projects Major investments maximize returns through a unique combination of advantaged feeds, lower-cost processes, and premium products Progressing the expansion of integrated complex in Singapore Adds over 2.5…
Maintenance and Improvements More than 50% of planned 2010 turnarounds initiated in 3Q10 Key to operational excellence Critical to extend leadership in energy efficiency and feedstock flexibility Kawasaki olefins plant…
Chemical Earnings 3Q10 vs. 3Q09 Stronger margins improved earnings, driven by continued strong feedstock advantage and higher realizations Millions of Dollars 50 (70) 370 1,229 876 3Q09 Earnings Margin Vol/Mix Other 3Q10…
Chemical Earnings 3Q10 vs. 2Q10 Lower margins decreased earnings as new industry capacity came on-stream in Asia Millions of Dollars 1,368 (220) 60 20 1,229 2Q10 Earnings Margin Vol/Mix Other 3Q10 Earnings Note: earnings…
Summary 29
3Q10 Summary ExxonMobils robust third quarter earnings and operating performance reflect value of integrated business model and company strengths Strong results reflect value of integrated 7.4 business model and company strengths…
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