First Quarter 2014 Earnings Call David Rosenthal Vice President Investor Relations & Secretary May 1, 2014
Business Environment Global economic growth continued at a modest pace in the first quarter Moderate U.S. economic growth Chinas growth rate flattened Economies in Europe and Japan improved modestly WTI - Brent spread narrowed;…
1Q14 Financial Results Earnings 9.1 Earnings Per Share Diluted (dollars) 2.10 Shareholder Distributions 5.7 CAPEX 8.4 1 Cash Flow from Ops and Asset Sales 16.2 2 Cash 5.8 Debt 21.4 Billions of dollars unless specified…
1Q14 Sources and Uses of Funds Cash increased 0.9B in the first quarter Beginning Cash 4.9 Earnings 9.1 Depreciation 4.2 16.2 Working Capital / Other 1.8 Proceeds Associated with Asset Sales 1.1 Additions to PP&E (7.3)…
Total Earnings 1Q14 vs. 1Q13 Earnings decreased by 400M as lower Downstream and Chemical earnings, and higher corporate and financing expenses were partly offset by higher Upstream earnings Millions of Dollars 746 (732) 9,500 (90)…
Total Earnings 1Q14 vs. 4Q13 Earnings increased by 750M as higher Upstream and Chemical earnings were partly offset by lower Downstream earnings and higher corporate and financing expenses Millions of Dollars 997 (103) 137 (281)…
Upstream Earnings 1Q14 vs. 1Q13 Earnings increased 746M due to higher natural gas realizations, positive liquids mix effects, and asset management impacts offset by lower natural gas demand Millions of Dollars 320 7,783 410 20…
Upstream Volumes 1Q14 vs. 1Q13 Volumes decreased 2.9%*: Liquids +73 kbd, natural gas -1,197 mcfd koebd 4,395 (118) (52) (20) (54) 4,151 Price/Spend: -49 Liquids: +99 Net Interest: -3 N. Gas: -153 1Q13 UAE Expiry Entitlements…
Upstream Earnings 1Q14 vs. 4Q13 Earnings increased by 1B primarily driven by higher natural gas realizations, positive liquids mix effects, and increased gas volumes Millions of Dollars 650 (190) 7,783 540 6,786 4Q13…
Upstream Volumes 1Q14 vs. 4Q13 Volumes increased 1.1%*: Liquids +23 kbd, natural gas +129 mcfd koebd 4,216 (110) 125 4,151 (70) (10) Price/Spend: -70 Liquids: +50 Net Interest: 0 N. Gas: +75 4Q13 UAE Expiry Entitlements…
Downstream Earnings 1Q14 vs. 1Q13 Earnings decreased 732M reflecting lower refining margins Millions of Dollars 1,545 (740) 80 (70) 813 1Q13 Margin Vol/Mix Other 1Q14 12
Downstream Earnings 1Q14 vs. 4Q13 Earnings decreased 103M mainly due to higher U.S. refining maintenance activities Millions of Dollars 40 (170) 916 30 813 4Q13 Margin Vol/Mix Other 1Q14 13
Chemical Earnings 1Q14 vs. 1Q13 Earnings decreased 90M due to lower margins Millions of Dollars 1,137 (90) 40 (40) 1,047 1Q13 Margin Vol/Mix Other 1Q14 14
Chemical Earnings 1Q14 vs. 4Q13 Earnings increased 137M due to higher commodity product margins and lower expenses Millions of Dollars 90 1,047 40 10 910 4Q13 Margin Vol/Mix Other 1Q14 15
Upstream Significant Progress on Major Projects Demonstrating world-class project execution capabilities Flowing gas at PNG LNG ahead of plan 1st LNG train operational Analyst Mtg. 112 Brent 109 Brent Actuals at…
Upstream North America Enhancing Permian position to drive profitable growth Ramping up drilling activity 10 rigs currently running Current production 90 koebd Analyst Mtg. 1Q transaction to access additional 112…
Upstream Exploration Executing a high-potential conventional exploration program Kara Sea Drilling in Established Areas Faroe Islands Netherlands Gulf of Mexico - Mica Deep Black Sea Kurdistan Region of Iraq Angola Block 32 -…
Chemical Strategic Investments Growing high-value chemical product sales Progressed synthetic basestocks investments to meet high-performance lubricants demand Commissioned world-scale plant in Baytown, TX Start-up of…
Summary ExxonMobils strong operating and financial performance reflects our focus on delivering profitable growth and creating long-term shareholder value Billions of dollars unless specified otherwise 1Q14 Highlights Earnings…
Loading...
