Third Quarter 2013 Earnings Call David Rosenthal Vice President Investor Relations & Secretary October 31, 2013
Business Environment Global economic growth remained constrained in the third quarter Moderate U.S. economic growth Chinas growth rate improved modestly Europes economic conditions uncertain Higher crude oil and lower natural gas…
3Q13 Financial Results Earnings 7.9 Earnings Per Share Diluted (dollars) 1.79 Shareholder Distributions 5.8 CAPEX 10.5 1 Cash Flow from Ops and Asset Sales 13.6 2 Cash 5.7 Debt 21.3 Billions of dollars unless specified…
3Q13 Sources and Uses of Funds Cash increased by 0.7B in the third quarter Beginning Cash 5.0 Earnings 7.9 Depreciation 4.3 13.6 Working Capital / Other 1.2 Proceeds Associated with Asset Sales 0.2 Additions to PP&E (9.1)…
Total Earnings 3Q13 vs. 3Q12 Earnings decreased by 1.7B as lower Downstream earnings were partly offset by higher Upstream and Chemical earnings Millions of Dollars 740 (2,598) 9,570 235 (77) 7,870 3Q12 U/S D/S Chem C&F…
Total Earnings 3Q13 vs. 2Q13 Earnings increased by 1B with higher Upstream, Downstream, and Chemical earnings and lower corporate and financing expenses Millions of Dollars 269 137 7,870 408 196 6,860 2Q13 U/S D/S Chem C&F…
Upstream Earnings 3Q13 vs. 3Q12 Earnings increased 740M mainly due to higher realizations and favorable tax and foreign exchange impacts Millions of Dollars 280 6,713 440 20 5,973 3Q12 Realization Vol/Mix Other 3Q13 8
Upstream Volumes 3Q13 vs. 3Q12 Volumes increased 1.5%: liquids +83 kbd, natural gas -147 mcfd koebd 3,960 (21) 0 (28) 107 4,018 Price/Spend: (8) Net Interest: (13) 3Q12 Entitlements Quotas Divestments Net Growth 3Q13 9
Upstream Earnings 3Q13 vs. 2Q13 Earnings increased 408M primarily driven by higher realizations and lower exploration costs offset by lower European gas production Millions of Dollars 410 (150) 150 6,713 6,305 2Q13…
Upstream Volumes 3Q13 vs. 2Q13 Volumes decreased 1.4%: liquids +17 kbd, natural gas -440 mcfd koebd 4,074 (7) 0 (5) (44) 4,018 Price/Spend: (4) Net Interest: (3) 2Q13 Entitlements Quotas Divestments Net Growth 3Q13 11
Downstream Earnings 3Q13 vs. 3Q12 Earnings decreased by 2.6B due to lower refining margins Millions of Dollars 3,190 (2,370) 150 (380) 592 3Q12 Margin Vol/Mix Other 3Q13 12
Downstream Earnings 3Q13 vs. 2Q13 Earnings increased 196M due to lower planned maintenance and the absence of the Dartmouth refinery conversion, mostly offset by lower refining margins Millions of Dollars 570 592 396 (870)…
Chemical Earnings 3Q13 vs. 3Q12 Earnings increased 235M due to higher commodity margins Millions of Dollars 240 10 (15) 1,025 790 3Q12 Margin Vol/Mix Other 3Q13 14
Chemical Earnings 3Q13 vs. 2Q13 Earnings increased 269M due to higher commodity margins and sales volumes, and lower operating expenses Millions of Dollars 100 1,025 60 110 756 2Q13 Margin Vol/Mix Other 3Q13 15
Upstream Major Projects Progressing 2013 major project start-ups to deliver volume growth Kearl development progressing Initial phase producing 100 kbd Expansion project 58% complete Kipper Tuna Turrum - Australia Commenced…
Upstream Major Projects Advancing projects with planned 2014 start-up dates PNG LNG Construction over 90% complete Completed drilling at first well pad Started commissioning at LNG plant Cold Lake Nabiye - Canada Project 60%…
Upstream Russia Activities Continued progress across several projects and initiatives Sakhalin-1 Celebrated 10 years of drilling Arkutun Dagi Progressing towards late 2014 start-up West Siberia Sakhalin Orlan Pilot Program…
Upstream Exploration Executing a global and broad exploration program Drilling activity Tanzania Started Mronge-1 wildcat drilling Argentina Spud 1st operated well in Vaca Muerta New acreage capture Canada Acquired 226,00…
Upstream North America Liquids Plays Increasing production from liquids-rich plays Permian Ramping up activities 8 operated rigs, 65 workover rigs Bakken Record production levels Optimized development drilling Woodford…
Summary ExxonMobil delivered solid operational and financial results while continuing to invest in attractive long-term opportunities Billions 3Q13 Highlights Increased liquids production Earnings 7.9 Production volumes on target…
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