Second Quarter 2014 Earnings Call David Rosenthal Vice President Investor Relations & Secretary July 31, 2014
Business Environment Global economic growth improved modestly in the second quarter U.S. economic activity recovered Chinas growth rate strengthened Europes economic recovery remained moderate WTI crude prices increased,…
2Q14 Financial Results Earnings 8.8 Earnings Per Share Diluted (dollars) 2.05 Shareholder Distributions 6.0 CAPEX 9.8 Cash Flow from Operations and Asset Sales1 12.8 Cash2 6.3 Debt 21.8 Billions of dollars unless…
2Q14 Sources and Uses of Funds Cash increased by 0.5B in the second quarter Beginning Cash1 5.8 Earnings 8.8 Depreciation 4.3 12.8 Working Capital / Other (2.9) Proceeds Associated with Asset Sales 2.6 PP&E Adds / Investments…
Total Earnings 2Q14 vs. 2Q13 Earnings increased by 1.9B, primarily reflecting gains on asset sales and higher earnings across all business segments Millions of Dollars 315 85 (56) 8,780 1,576 6,860 2Q13 U/S D/S Chem C&F…
Total Earnings 2Q14 vs. 1Q14 Earnings decreased 320M as lower Downstream and Chemical earnings and higher corporate and financing expenses were partly offset by higher Upstream earnings Millions of Dollars 9,100 98 (102) (206)…
Upstream Earnings 2Q14 vs. 2Q13 Earnings increased 1.6B due to gains on asset sales in Hong Kong and higher realizations, partly offset by sales timing impacts Millions of Dollars 1,190 7,881 580 (200) 6,305 2Q13…
Upstream Volumes 2Q14 vs. 2Q13 Volumes decreased 2.3%*: Liquids +8 kbd, natural gas -604 mcfd koebd 4,074 (142) (48) (27) (17) 3,840 Price/Spend: -43 Liquids: +52 Net Interest: -5 N. Gas: -69 2Q13 UAE Expiry Entitlements…
Upstream Earnings 2Q14 vs. 1Q14 Earnings increased by 98M driven by net gains on asset sales mostly offset by seasonal impacts on volumes Millions of Dollars 7,783 (200) 920 7,881 (620) 1Q14 Realization Vol/Mix Other…
Upstream Volumes 2Q14 vs. 1Q14 Volumes decreased 6.9%*: Liquids -77 kbd, natural gas -1,266 mcfd koebd 4,151 (23) (37) (8) (243) 3,840 Price/Spend: -35 Net Interest: -2 Liquids: -49 N. Gas: -194 1Q14 UAE Expiry…
Downstream Earnings 2Q14 vs. 2Q13 Earnings increased 315M due to lower maintenance activities and the absence of the Dartmouth refinery conversion, partly offset by lower non-U.S. refining margins Millions of Dollars 370 711…
Downstream Earnings 2Q14 vs. 1Q14 Earnings decreased 102M reflecting unfavorable volume mix effects and higher maintenance, partially offset by higher margins Millions of Dollars 140 (120) 813 (120) 711 1Q14 Margin Vol/Mix…
Chemical Earnings 2Q14 vs. 2Q13 Earnings increased 85M due to favorable volume/mix and forex effects Millions of Dollars 25 841 60 756 2Q13 Margin Vol/Mix Other 2Q14 14
Chemical Earnings 2Q14 vs. 1Q14 Earnings decreased 206M due to lower specialties margins and higher planned maintenance activities Millions of Dollars 1,047 (100) 40 (150) 841 1Q14 Margin Vol/Mix Other 2Q14 15
Upstream Delivering Profitable Growth Demonstrating world-class project execution capabilities Achieved full PNG LNG ramp-up Start-up months ahead of schedule 15 cargoes to date Completed below 19B estimate Analyst Mtg. 112…
Upstream New Opportunity Growth Progressing a high-potential and diverse exploration program ExxonMobil Operated Completed horizontal wells in the ExxonMobil Partner Oil Pipeline Vaca Muerta Oil discovery - Bajo Del Choique…
Downstream Strengthening the Portfolio Increasing high-value product sales Commissioned Clean Fuels project in Saudi Arabia Expanding Lubricants blending capacity in China Meets demand growth for high-quality finished…
Chemical Strategic Investments Growing high-value chemical product sales Started construction of ethane cracker and premium polyethylene facilities in Texas Final regulatory approvals received Start-up planned in 2017 Approved…
Summary ExxonMobils robust cash flow growth reflects our strong year-to-date financial and operational performance Billions of dollars unless specified otherwise 1H14 Highlights Production volumes on target Earnings 17.9…
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