Second Quarter 2013 Earnings Call David Rosenthal Vice President Investor Relations & Secretary August 1, 2013
Business Environment Global economic growth remained constrained in the second quarter U.S. economic growth sluggish China growth slower than expected European economies remained weak Brent crude oil prices declined, narrowing…
2Q13 Financial Results Earnings 6.9 Earnings Per Share Diluted (dollars) 1.55 Shareholder Distributions 6.8 CAPEX 10.2 Cash Flow from Ops and Asset Sales* 8.0 Cash 5.0 Debt 19.4 Billions of dollars unless specified…
2Q13 Sources and Uses of Funds Cash decreased by 1.6B in the second quarter Beginning Cash 6.6 Earnings 6.9 Depreciation 4.4 Working Capital / Other (3.6) 8.0 Proceeds Associated with Asset Sales 0.3 Additions to PP&E (8.7)…
Total Earnings 2Q13 vs. 2Q12 Earnings decreased by 9.1B reflecting the absence of prior year gains associated with the Japan restructuring and divestments Millions of Dollars 15,910 (2,053) (6,250) (693) (54) 6,860 2Q12…
Total Earnings 2Q13 vs. 1Q13 Earnings decreased by 2.6B across all business segments including higher corporate and financing expenses Millions of Dollars 9,500 (732) (1,149) (381) (378) 6,860 1Q13 U/S D/S Chem C&F 2Q13 7
Upstream Earnings 2Q13 vs. 2Q12 Earnings decreased 2.1B mainly due to lower gains from asset sales Millions of Dollars 8,358 90 (70) (2,070) 6,305 2Q12 Realization Vol/Mix Other 2Q13 8
Upstream Earnings 2Q13 vs. 1Q13 Earnings decreased 732M primarily driven by lower realizations and lower European seasonal gas demand Millions of Dollars 7,037 (360) (300) (70) 6,305 1Q13 Realization Vol/Mix Other 2Q13…
Downstream Earnings 2Q13 vs. 2Q12 Earnings decreased by 6.3B due primarily to the absence of the 5.3B gain associated with the Japan restructuring Millions of Dollars 6,646 (510) (370) (5,370) 396 2Q12 Margin Vol/Mix Other…
Downstream Earnings 2Q13 vs. 1Q13 Earnings decreased 1.2B reflecting higher planned maintenance, price timing effects, and the Dartmouth refinery conversion Millions of Dollars 1,545 (170) (540) (440) 396 1Q13 Margin…
Chemical Earnings 2Q13 vs. 2Q12 Earnings decreased 693M due mainly to the absence of the gain associated with the Japan restructuring Millions of Dollars 1,449 (100) 120 (710) 756 2Q12 Margin Vol/Mix Other 2Q13 14
Chemical Earnings 2Q13 vs. 1Q13 Earnings decreased 381M due to lower margins, higher planned maintenance, and divestment related effects Millions of Dollars 1,137 (200) 30 (210) 756 1Q13 Margin Vol/Mix Other 2Q13 15
Upstream Projects Delivering Liquids Growth Advancing projects delivering 2013 2017 volume growth Kearl development progressing Two trains operating Expansion project 43% complete Kearl Expansion Hebron Construction Julia…
Upstream LNG Progressing global LNG projects and future opportunities PNG LNG Alaska South Hook Construction is 88% complete W.Canada On schedule for 2014 start-up Adriatic Sakhalin Advancing expansion opportunities Golden…
Upstream Exploration Continuing active exploration program Russia Completed Joint Ventures framework for Kara Sea and Black Sea Finalized agreements on 7 new Arctic licenses West Siberia Pilot Project progressing Romania…
Upstream Unconventional Liquids Increasing production from liquids-rich unconventional plays Bakken Growing production Improving well productivity Marcellus Butler County Plant startup Woodford Ardmore Growing production…
Downstream Growing Premium Lubricant Basestock Baytown and Singapore expansions announced Largest global basestock producer 30% increase in premium capacity Products available early 2015 20
Chemical Singapore Expansion Project Began ethylene production from second world-scale steam cracker Doubles ethylene capacity at site Broadens portfolio with specialties Specialty elastomers Metallocene polyethylene…
Summary ExxonMobil delivered solid operational and financial results while continuing to invest in attractive long-term opportunities Billions 2Q13 ExxonMobil possesses unique Earnings 6.9 strengths that create long-term…
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