THIRD QUARTER 2019 RESULTS 11.01.19 NEIL HANSEN VICE PRESIDENT, INVESTOR RELATIONS AND SECRETARY
YEAR-TO-DATE PROGRESS Liquids growth 131 Kbd Year-over-year; on track to meet full-year outlook YEAR-TO-DATE PROGRESS 3 Earnings 8.7 billion Resilient portfolio across range of prices and margins CAPEX 22.7 billion In line with…
THIRD QUARTER 2019 KEY MESSAGES THIRD QUARTER 2019 KEY MESSAGES 4 Earnings and cash flow in line with commodity market factors previously communicated Crude oil prices declined sequentially, while refining margins improved Natural…
DEVELOPMENTS SINCE SECOND QUARTER 2019 DEVELOPMENTS SINCE SECOND QUARTER 2019 5
EARNINGS 3Q19 VS. 2Q19 EARNINGS 3Q19 VS. 2Q19 6 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE Lower liquids realizations, absence of non-U.S. tax item Lower scheduled maintenance, partly offset by Baytown…
UPSTREAM VOLUMES +113 Koebd UPSTREAM VOLUMES 7 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES, 3Q19 vs. 3Q18 Koebd DECREASE INCREASE 3Q18 3,786 Koebd 3Q19 3,899 Koebd Downtime / Maintenance -45 Growth / Decline / Other +160 Growth…
THIRD QUARTER 2019 CASH PROFILE THIRD QUARTER 2019 CASH PROFILE Cash flow from operating activities reflects industry market conditions Working capital / other driven by inventory effects Divestment activities ahead of schedule;…
MAJOR GROWTH PROJECTS ON SCHEDULE MAJOR GROWTH PROJECTS ON SCHEDULE 9
Bakken Permian UNCONVENTIONAL BUSINESS UPDATE 10 Permian growth on track Production increased 7% in 3Q, up 72% from 3Q18 Advancing unique development Continued strong well performance Progressing processing and takeaway capacity…
INDUSTRY-LEADING COKING CAPACITY 13 CLEAN / DIRTY SPREAD Asia product prices vs. Brent GLOBAL COKING CAPACITY1 Kbd Antwerp coker Significant capacity to upgrade to higher-value products Antwerp coker fully operational Range of…
PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT 14 Anticipate divestments of 15 billion by end of 2021 Highgrading portfolio based on strategic fit, materiality, and growth potential Norway divestment Agreement signed with Vr Energi AS…
FOURTH QUARTER 2019 OUTLOOK FOURTH QUARTER 2019 OUTLOOK 15
FOURTH QUARTER 2019 OUTLOOK FOURTH QUARTER 2019 OUTLOOK 16 Gas demand in Europe highly seasonal, driven by weather Fourth quarter gas demand higher by an average of 150 Koebd, relative to third quarter EUROPE GAS VOLUMES, 4Q vs. 3Q…
FOURTH QUARTER 2019 OUTLOOK 2Q19 4Q19 Est. 3Q19 1Q20 Est. FOURTH QUARTER 2019 OUTLOOK 17 CHEMICAL SCHEDULED MAINTENANCE QUARTERLY EARNINGS IMPACT2 Million USD DOWNSTREAM SCHEDULED MAINTENANCE QUARTERLY EARNINGS IMPACT1 Million USD…
KEY MESSAGES KEY MESSAGES 18
Q&A Mark your calendars for ExxonMobil Investor Day March 5, 2020 New York
EARNINGS 3Q19 VS. 3Q18 EARNINGS 3Q19 VS. 3Q18 20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE Lower liquids and gas realizations, higher growth-related expenses, and absence of favorable one-time items,…
UPSTREAM VOLUMES 3Q19 VS. 2Q19 UPSTREAM VOLUMES 3Q19 VS. 2Q19 21 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd DECREASE INCREASE -10 Koebd 2Q19 3,909 Koebd 3Q19 3,899 Koebd Entitlements / Divestments -25 Growth / Decline / Other…
UPSTREAM EARNINGS 3Q19 VS. 2Q19 UPSTREAM EARNINGS 3Q19 VS. 2Q19 22 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE -1,093M 2Q19 3,261M 3Q19 2,168M Other -430 Price -550 Volume -110 Permian growth more than…
UPSTREAM EARNINGS 3Q19 VS. 3Q18 UPSTREAM EARNINGS 3Q19 VS. 3Q18 23 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE -2,061M 3Q18 4,229M 3Q19 2,168M Price -1,510 Volume +230 Other -780 Higher growth-related…
DOWNSTREAM EARNINGS 3Q19 VS. 2Q19 +779M DOWNSTREAM EARNINGS 3Q19 VS. 2Q19 24 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE Lower scheduled maintenance, improved reliability 2Q19 451M 3Q19 1,230M Stronger…
DOWNSTREAM EARNINGS 3Q19 VS. 3Q18 -412M DOWNSTREAM EARNINGS 3Q19 VS. 3Q18 25 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE Narrower North American differentials, partly offset by favorable mark-to-market…
CHEMICAL EARNINGS 3Q19 VS. 2Q19 +53M CHEMICAL EARNINGS 3Q19 VS. 2Q19 26 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD DECREASE INCREASE Lower scheduled maintenance, partly offset by Baytown reliability event 2Q19 188M 3Q19…
CHEMICAL EARNINGS 3Q19 VS. 3Q18 -472M CHEMICAL EARNINGS 3Q19 VS. 3Q18 27 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 3Q18 713M 3Q19 241M Other -140 Margin -350 Other includes higher growth-related expenses and…
THIRD QUARTER IDENTIFIED ITEMS 28 THIRD QUARTER IDENTIFIED ITEMS See Supplemental Information
SUPPLEMENTAL INFORMATION 29 SUPPLEMENTAL INFORMATION The following information provides a more detailed view of the factors portrayed on slides 7 and 21. Other includes Entitlements / Divestments and Demand / Other, below.
SUPPLEMENTAL INFORMATION 30 SUPPLEMENTAL INFORMATION 1 Includes PP&E Adds of (6.3B) and net investments/advances of (0.3B) for 3Q19; includes PP&E Adds of (6.2B) and net investments/advances of (0.7B) for 2Q19; includes PP&E Adds of…
SUPPLEMENTAL INFORMATION 31 SUPPLEMENTAL INFORMATION 1Includes 2.6 billion expected in 2019 and 0.3 billion expected in 2022 2Income tax obligation from effective date will transfer to Vr Energi AS; 0.6 billion taxes paid by…
SUPPLEMENTAL INFORMATION 32 SUPPLEMENTAL INFORMATION Slide 8 Includes PP&E Adds of (6.3B) and net investments/advances of (0.3B) Slide 10 Potential production as communicated at 2019 Investor Day; Permian includes Midland and Delaware…
Loading...
