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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.10 | 0.95% | 117.10 | 118.34 | 116.40 | 116.51 | 31,450,784 | 23:45:55 |
Exxon Mobil Corporation (NYSE:XOM):
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Results Summary
(Dollars in millions, except per share data)
Earnings/(Loss) (U.S. GAAP)
(680)
3,170
(1,080)
(2,370)
8,650
Earnings/(Loss) Per Common Share
Assuming Dilution
(0.15)
0.75
(0.26)
(0.55)
2.03
Identified Items Per Common Share
Assuming Dilution
0.03
0.07
0.44
(0.20)
0.19
Earnings/(Loss) Excluding Identified Items
Per Common Share Assuming Dilution
(0.18)
0.68
(0.70)
(0.35)
1.84
Capital and Exploration Expenditures
4,133
7,719
5,327
16,603
22,688
Exxon Mobil Corporation today announced an estimated third quarter 2020 loss of $680 million, or $0.15 per share assuming dilution. Third quarter capital and exploration expenditures were $4.1 billion, bringing year-to-date spending to $16.6 billion, more than $6 billion lower than the prior year period.
Oil-equivalent production was 3.7 million barrels per day, up 1 percent from the second quarter of 2020. Production continued to reflect COVID-19 demand impacts, including economic and government mandated curtailments. Excluding entitlement effects, divestments, and government mandates, liquids production increased 2 percent, while natural gas volumes decreased 1 percent.
“We remain confident in our long-term strategy and the fundamentals of our business, and are taking the necessary actions to preserve value while protecting the balance sheet and dividend,” said Darren W. Woods, chairman and chief executive officer. “We are on pace to achieve our 2020 cost-reduction targets and are progressing additional savings next year as we manage through this unprecedented down cycle.”
The company’s preliminary 2021 capital program, which will be reviewed by the board of directors in the fourth quarter, is expected to be in the range of $16 billion to $19 billion, a reduction from the 2020 target of $23 billion announced in April. The company expects to identify further structural efficiencies as it continues previously announced country-by-country reviews.
Third Quarter 2020 Business Highlights
Upstream
Downstream
Chemical
Strengthening the Portfolio
Disciplined Investing and Cost Management
Advancing Innovative Technologies and Products
Results and Volume Summary
Millions of Dollars
3Q
3Q
(unless noted)
2020
2019
Change
Comments
Upstream
U.S.
(681)
37
-718
Lower prices partly offset by reduced expenses
Non-U.S.
298
2,131
-1,833
Lower prices and one-time tax items, partly offset by reduced expenses
Total
(383)
2,168
-2,551
Prices -2,630, volume -60, expenses +500, other -350, identified item -10
Production (koebd)
3,672
3,899
-227
Liquids -106 kbd: higher entitlements, lower downtime/maintenance, and growth, more than offset by government mandates, divestments, and lower demand including economic curtailments Gas -729 mcfd: higher entitlements more than offset by divestments, higher downtime/maintenance, and decline
Downstream
U.S.
(136)
673
-809
Lower margins on weaker industry refining conditions, partly offset by reduced expenses and improved manufacturing
Non-U.S.
(95)
557
-652
Lower margins on weaker industry refining conditions and lower market demand, partly offset by reduced expenses and improved manufacturing
Total
(231)
1,230
-1,461
Margins -1,880, market demand -80, expenses +360, other +140
Petroleum Product Sales (kbd)
5,023
5,504
-481
Chemical
U.S.
357
53
+304
Higher margins and lower expenses; favorable identified item (noncash inventory valuation +29)
Non-U.S.
304
188
+116
Lower margins more than offset by lower expenses and favorable identified item (noncash inventory valuation +86)
Total
661
241
+420
Margins +70, volumes +30, expenses +170, identified items +120, forex/other +30
Prime Product Sales (kt)
6,624
6,476
+148
Corporate and financing
(727)
(469)
-258
Absence of prior year identified item (-307, tax)
Results and Volume Summary
Millions of Dollars
3Q
2Q
(unless noted)
2020
2020
Change
Comments
Upstream
U.S.
(681)
(1,197)
+516
Higher liquids prices and lower expenses; unfavorable identified item (noncash inventory valuation -45)
Non-U.S.
298
(454)
+752
Higher liquids prices partly offset by lower LNG prices; favorable volume/mix and lower expenses; unfavorable identified item (noncash inventory valuation -179)
Total
(383)
(1,651)
+1,268
Prices +1,390, volume +140, expenses +110, identified items -220, other -150
Production (koebd)
3,672
3,638
+34
Liquids -20 kbd: higher demand including reduced economic curtailments, more than offset by higher downtime/maintenance, lower entitlements and decline Gas +326 mcfd: higher entitlements and demand including reduced economic curtailments, partly offset by decline
Downstream
U.S.
(136)
(101)
-35
Higher margins with favorable trading activity more than offsetting weaker industry refining conditions, higher market demand, and improved manufacturing more than offset by unfavorable identified item (noncash inventory valuation -401)
Non-U.S.
(95)
1,077
-1,172
Lower margins on weaker industry refining conditions more than offset by higher market demand and lower expenses; unfavorable forex and unfavorable identified item (noncash inventory valuation -1,184)
Total
(231)
976
-1,207
Margins +70, market demand +300, expenses +60, identified items -1,580, other -60
Petroleum Product Sales (kbd)
5,023
4,437
+586
Chemical
U.S.
357
171
+186
Higher volumes; favorable identified item (noncash inventory valuation +58)
Non-U.S.
304
296
+8
Lower margins more than offset by higher volumes and lower expenses; unfavorable identified item (noncash inventory valuation -58)
Total
661
467
+194
Margins -80, volumes +220, expenses +40, forex/other +10
Prime Product Sales (kt)
6,624
5,945
+679
Corporate and financing
(727)
(872)
+145
Lower financing and corporate costs
Results and Volume Summary
Millions of Dollars
YTD
YTD
(unless noted)
2020
2019
Change
Comments
Upstream
U.S.
(2,582)
468
-3,050
Lower prices partly offset by reduced expenses; unfavorable identified item (impairment -315)
Non-U.S.
1,084
7,837
-6,753
Lower prices and volumes, partly offset by reduced expenses and favorable foreign exchange effects; unfavorable identified items (noncash inventory valuation -61, impairment -41, prior year tax item -487)
Total
(1,498)
8,305
-9,803
Prices -9,050, volume -320, expenses +630, identified items -900, other -160
Production (koebd)
3,785
3,929
-144
Liquids -12 kbd: growth, higher entitlements, and lower downtime/maintenance, more than offset by divestments, government mandates, and lower demand including economic curtailments Gas -794 mcfd: higher entitlements and growth, more than offset by divestments and lower demand including economic curtailments
Downstream
U.S.
(338)
822
-1,160
Lower margins on weaker industry refining conditions and reduced market demand partly offset by lower expenses and improved manufacturing
Non-U.S.
472
603
-131
Lower margins on weaker industry refining conditions and reduced market demand partly offset by improved manufacturing and lower expenses; unfavorable identified items (-326, mainly impairment)
Total
134
1,425
-1,291
Margins -2,260, market demand -520, manufacturing +920, expenses +860, other +40, identified items -330
Petroleum Product Sales (kbd)
4,916
5,443
-527
Chemical
U.S.
816
208
+608
Higher margins partly offset by lower volumes; lower expenses; unfavorable identified item (-90, impairment)
Non-U.S.
456
739
-283
Lower margins and volumes partly offset by lower expenses
Total
1,272
947
+325
Margins +190, volumes -220, expenses +380, identified items -90, forex/other +60
Prime Product Sales (kt)
18,806
19,947
-1,141
Corporate and financing
(2,278)
(2,027)
-251
Absence of prior year identified items (-332, tax) and higher financing costs partly offset by lower corporate costs
Cash Flow from Operations and Asset Sales excluding Working Capital
Millions of Dollars
3Q
2020
Comments
Net income (loss) including noncontrolling interests
(709)
Including ($29) million noncontrolling interests
Depreciation
4,983
Noncash inventory adjustment
(115)
Including ($2) million noncontrolling interests
Changes in operational working capital
863
Mainly inventory draw
Other
(633)
Includes changes in deferred income taxes
Cash Flow from Operating
4,389
Activities (U.S. GAAP)
Asset sales
100
Cash Flow from Operations
4,489
and Asset Sales
Changes in operational working capital
(863)
Cash Flow from Operations
3,626
and Asset Sales excluding Working Capital
Millions of Dollars
YTD
2020
Comments
Net income (loss) including noncontrolling interests
(2,648)
Including ($278) million noncontrolling interests
Depreciation
15,718
Including impairment impacts
Noncash inventory adjustment
61
Changes in operational working capital
(1,539)
Mainly unfavorable payables
Other
(929)
Includes changes in deferred income taxes
Cash Flow from Operating
10,663
Activities (U.S. GAAP)
Asset sales
229
Cash Flow from Operations
10,892
and Asset Sales
Changes in operational working capital
1,539
Cash Flow from Operations
12,431
and Asset Sales excluding Working Capital
First Nine Months 2020 Financial Updates
During the first nine months of 2020, Exxon Mobil Corporation purchased 6 million shares of its common stock for the treasury at a gross cost of $305 million. These shares were acquired to offset dilution in conjunction with the company’s benefit plans and programs. The corporation will continue to acquire shares to offset dilution in conjunction with its benefit plans and programs.
ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on October 30, 2020. To listen to the event or access an archived replay, please visit www.exxonmobil.com.
Cautionary Statement
Outlooks, projections, goals, targets, descriptions of strategic plans and objectives, and other statements of future events or conditions in this release are forward-looking statements. Actual future results, including financial and operating performance; the impact of the COVID-19 pandemic on results; planned capital and cash operating expense reductions and ability to meet or exceed announced reduction objectives; total capital expenditures and mix; cash flow, dividend and shareholder returns; business and project plans, timing, costs and capacities; resource recoveries and production rates; accounting and financial reporting effects resulting from market developments and ExxonMobil’s responsive actions, including potential impairment charges resulting from any significant changes in current development plan strategy or divestments plans; and the impact of new technologies, including to increase capital efficiency and production and to reduce greenhouse gas emissions and intensity, could differ materially due to a number of factors. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market conditions that impact prices and differentials; the outcome of government policies and actions, including actions taken to address COVID-19 and to maintain the functioning of national and global economies and markets; the impact of company actions to protect the health and safety of employees, vendors, customers, and communities; actions of competitors and commercial counterparties; the ability to access short- and long-term debt markets on a timely and affordable basis; the severity, length and ultimate impact of COVID-19 on people and economies; reservoir performance; the outcome of exploration projects and timely completion of development and construction projects; changes in law, taxes, or regulation including environmental regulations, and timely granting of governmental permits; war, trade agreements and patterns, shipping blockades or harassment, and other political or security disturbances; opportunities for and regulatory approval of potential investments or divestments; the actions of competitors; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining future competitive positioning; unforeseen technical or operating difficulties; the development and competitiveness of alternative energy and emission reduction technologies; the results of research programs; the ability to bring new technologies to commercial scale on a cost-competitive basis; general economic conditions including the occurrence and duration of economic recessions; and other factors discussed under Item 1A. Risk Factors of ExxonMobil’s 2019 Form 10-K and subsequent Forms 10-Q. Statements regarding plans or potential outcomes for the fourth quarter 2020 and 2021 also remain subject to completion of ExxonMobil's annual corporate planning process and approval of the resulting company plan by the Board of Directors, expected in November 2020. We assume no duty to update these statements as of any future date.
Frequently Used Terms and Non-GAAP Measures
This press release includes cash flow from operations and asset sales. Because of the regular nature of our asset management and divestment program, we believe it is useful for investors to consider proceeds associated with the sales of subsidiaries, property, plant and equipment, and sales and returns of investments together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities. A reconciliation to net cash provided by operating activities for 2020 periods is shown on page 7 and for 2020 and 2019 periods in Attachment V.
This press release also includes cash flow from operations and asset sales excluding working capital. We believe it is useful for investors to consider these numbers in comparing the underlying performance of our business across periods when there are significant period-to-period differences in the amount of changes in working capital. A reconciliation to net cash provided by operating activities for 2020 periods is shown on page 7 and for 2020 and 2019 periods in Attachment V.
This press release also includes earnings/(loss) excluding identified items, which are earnings/(loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several segments. We believe it is useful for investors to consider these figures in comparing the underlying performance of our business across periods when one, or both, periods include identified items. A reconciliation to earnings is shown for 2020 and 2019 periods in Attachments II-a and II-b. Corresponding per share amounts are shown on page 1 and in attachment II-a, including a reconciliation to earnings/(loss) per common share – assuming dilution (U.S. GAAP).
This press release also includes total taxes including sales-based taxes. This is a broader indicator of the total tax burden on the corporation’s products and earnings, including certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities (“sales-based taxes”). It combines “Income taxes” and “Total other taxes and duties” with sales-based taxes, which are reported net in the income statement. We believe it is useful for the corporation and its investors to understand the total tax burden imposed on the corporation’s products and earnings. A reconciliation to total taxes is shown as part of the Estimated Key Financial and Operating Data in Attachment I.
References to the resource base and other quantities of oil, natural gas or condensate may include estimated amounts that are not yet classified as “proved reserves” under SEC definitions, but which are expected to be ultimately recoverable. The term “project” as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. Further information on ExxonMobil’s frequently used financial and operating measures and other terms including “Cash flow from operations and asset sales”, and “Total taxes including sales-based taxes” is contained under the heading “Frequently Used Terms” available through the “Investors” section of our website at www.exxonmobil.com.
LIFO Inventory
Crude oil, products and merchandise inventories are carried at the lower of current market value or cost, generally determined under the last-in first-out method (LIFO). The corporation’s results for the first quarter of 2020 included an after-tax earnings charge of $2,096 million from writing down the book value of inventories to their market value at the end of the period. The corporation’s results for the second and third quarters of 2020 included after-tax earnings benefits of $1,922 million and $113 million, respectively, mainly reflecting reversals of the majority of the first quarter charge due to rising commodity prices. The earnings impact may be adjusted in the fourth quarter based on prevailing market prices at that time. At year-end, any required adjustment is considered permanent and is incorporated into the LIFO carrying value of the inventory.
Reference to Earnings
References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. Unless otherwise indicated, references to earnings, Upstream, Downstream, Chemical and Corporate and financing segment earnings, and earnings per share are ExxonMobil’s share after excluding amounts attributable to noncontrolling interests.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words such as venture, joint venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities and interests, and those words may not indicate precise legal relationships.
Estimated Key Financial and Operating Data
Attachment I
Exxon Mobil Corporation
Third Quarter 2020
(millions of dollars, unless noted)
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Earnings (Loss) / Earnings (Loss) Per Share
Total revenues and other income
46,199
65,049
32,605
134,962
197,765
Total costs and other deductions
46,571
60,328
34,245
137,232
184,123
Income (loss) before income taxes
(372)
4,721
(1,640)
(2,270)
13,642
Income taxes
337
1,474
(471)
378
4,598
Net income (loss) including noncontrolling interests
(709)
3,247
(1,169)
(2,648)
9,044
Net income (loss) attributable to noncontrolling interests
(29)
77
(89)
(278)
394
Net income (loss) attributable to ExxonMobil (U.S. GAAP)
(680)
3,170
(1,080)
(2,370)
8,650
Earnings (loss) per common share (dollars)
(0.15)
0.75
(0.26)
(0.55)
2.03
Earnings (loss) per common share
- assuming dilution (dollars)
(0.15)
0.75
(0.26)
(0.55)
2.03
Exploration expenses, including dry holes
188
299
214
690
912
Other Financial Data
Dividends on common stock
Total
3,716
3,716
3,715
11,150
10,936
Per common share (dollars)
0.87
0.87
0.87
2.61
2.56
Millions of common shares outstanding
At period end
4,228
4,231
Average - assuming dilution
4,271
4,271
4,271
4,270
4,270
ExxonMobil share of equity at period end
177,400
189,915
ExxonMobil share of capital employed at period end
248,485
239,653
Income taxes
337
1,474
(471)
378
4,598
Total other taxes and duties
7,901
8,317
5,683
21,081
24,770
Total taxes
8,238
9,791
5,212
21,459
29,368
Sales-based taxes
4,303
5,228
3,129
11,917
15,474
Total taxes including sales-based taxes
12,541
15,019
8,341
33,376
44,842
ExxonMobil share of income taxes of
equity companies
134
426
(18)
576
1,776
Attachment II-a
Exxon Mobil Corporation
Third Quarter 2020
Second
$ Millions
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Earnings/(Loss) (U.S. GAAP)
(680)
3,170
(1,080)
(2,370)
8,650
Identified Items Included in Earnings/(Loss)
Noncash inventory valuation - lower of cost or market
113
—
1,922
(61)
—
Impairment
—
—
—
(787)
—
Tax items
—
307
—
—
812
Corporate total
113
307
1,922
(848)
812
Earnings/(Loss) Excluding Identified Items
(793)
2,863
(3,002)
(1,522)
7,838
$ Per Common Share1
Earnings/(Loss) Per Common Share
Assuming Dilution (U.S. GAAP)
(0.15)
0.75
(0.26)
(0.55)
2.03
Identified Items Included in Earnings/(Loss)
Per Common Share Assuming Dilution
Noncash inventory valuation - lower of cost or market
0.03
—
0.44
(0.02)
—
Impairment
—
—
—
(0.18)
—
Tax items
—
0.07
—
—
0.19
Corporate total
0.03
0.07
0.44
(0.20)
0.19
Earnings/(Loss) Excluding Identified Items
Per Common Share Assuming Dilution
(0.18)
0.68
(0.70)
(0.35)
1.84
1 Computed using the average number of shares outstanding during each period.
Attachment II-b
Exxon Mobil Corporation
Third Quarter 2020
(millions of dollars)
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Earnings/(Loss) (U.S. GAAP)
Upstream
United States
(681)
37
(1,197)
(2,582)
468
Non-U.S.
298
2,131
(454)
1,084
7,837
Downstream
United States
(136)
673
(101)
(338)
822
Non-U.S.
(95)
557
1,077
472
603
Chemical
United States
357
53
171
816
208
Non-U.S.
304
188
296
456
739
Corporate and financing
(727)
(469)
(872)
(2,278)
(2,027)
Net income (loss) attributable to ExxonMobil
(680)
3,170
(1,080)
(2,370)
8,650
Identified Items Included in Earnings/(Loss)
U.S. Upstream
Other Items (Inventory valuation, Impairment)
—
—
45
(315)
—
Non-U.S. Upstream
Tax Items
—
—
—
—
487
Other Items (Inventory valuation, Impairment)
(11)
—
168
(102)
—
U.S. Downstream
Other Items (Inventory valuation, Impairment)
3
—
404
(4)
—
Non-U.S. Downstream
Tax Items
—
—
—
—
(9)
Other Items (Inventory valuation, Impairment)
6
—
1,190
(335)
—
U.S. Chemical
Other Items (Inventory valuation, Impairment)
29
—
(29)
(90)
—
Non-U.S. Chemical
Tax Items
—
—
—
—
2
Other Items (Inventory valuation, Impairment)
86
—
144
(2)
—
Corporate and financing
Tax Items
—
307
—
—
332
Corporate total
113
307
1,922
(848)
812
Earnings/(Loss) Excluding Identified Items
Upstream
United States
(681)
37
(1,242)
(2,267)
468
Non-U.S.
309
2,131
(622)
1,186
7,350
Downstream
United States
(139)
673
(505)
(334)
822
Non-U.S.
(101)
557
(113)
807
612
Chemical
United States
328
53
200
906
208
Non-U.S.
218
188
152
458
737
Corporate and financing
(727)
(776)
(872)
(2,278)
(2,359)
Corporate total
(793)
2,863
(3,002)
(1,522)
7,838
Attachment III
Exxon Mobil Corporation
Third Quarter 2020
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Net production of crude oil, natural gas
liquids, bitumen and synthetic oil,
thousand barrels per day (kbd)
United States
692
654
628
673
639
Canada / Other Americas
487
464
483
509
462
Europe
26
113
31
29
113
Africa
297
371
333
330
374
Asia
735
738
783
771
737
Australia / Oceania
49
52
48
45
44
Worldwide
2,286
2,392
2,306
2,357
2,369
Natural gas production available for sale,
million cubic feet per day (mcfd)
United States
2,611
2,883
2,642
2,692
2,800
Canada / Other Americas
269
254
269
284
247
Europe
401
1,004
619
770
1,440
Africa
11
7
4
8
6
Asia
3,791
3,433
3,218
3,574
3,516
Australia / Oceania
1,233
1,464
1,238
1,238
1,351
Worldwide
8,316
9,045
7,990
8,566
9,360
Oil-equivalent production (koebd)1
3,672
3,899
3,638
3,785
3,929
1 Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Attachment IV
Exxon Mobil Corporation
Third Quarter 2020
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Refinery throughput (kbd)
United States
1,601
1,647
1,440
1,533
1,484
Canada
341
363
278
334
363
Europe
1,183
1,325
1,085
1,187
1,322
Asia Pacific
486
532
568
564
608
Other
148
185
145
161
180
Worldwide
3,759
4,052
3,516
3,779
3,957
Petroleum product sales (kbd)
United States
2,297
2,336
1,959
2,163
2,270
Canada
446
492
353
418
486
Europe
1,253
1,508
1,130
1,262
1,487
Asia Pacific
614
700
640
654
741
Other
413
468
355
419
459
Worldwide
5,023
5,504
4,437
4,916
5,443
Gasolines, naphthas
2,077
2,255
1,736
1,978
2,201
Heating oils, kerosene, diesel
1,750
1,833
1,649
1,755
1,855
Aviation fuels
152
445
147
227
408
Heavy fuels
242
261
262
255
289
Specialty products
802
710
643
701
690
Worldwide
5,023
5,504
4,437
4,916
5,443
Chemical prime product sales,
thousand metric tons (kt)
United States
2,363
2,216
1,985
6,543
6,833
Non-U.S.
4,261
4,260
3,960
12,263
13,114
Worldwide
6,624
6,476
5,945
18,806
19,947
Attachment V
Exxon Mobil Corporation
Third Quarter 2020
(millions of dollars)
Second
Third Quarter
Quarter
First Nine Months
2020
2019
2020
2020
2019
Capital and Exploration Expenditures
Upstream
United States
1,260
3,002
1,637
5,695
8,805
Non-U.S.
1,534
2,789
1,940
5,802
8,589
Total
2,794
5,791
3,577
11,497
17,394
Downstream
United States
390
590
719
1,856
1,628
Non-U.S.
382
479
334
1,203
1,383
Total
772
1,069
1,053
3,059
3,011
Chemical
United States
407
656
563
1,567
1,761
Non-U.S.
157
196
132
474
505
Total
564
852
695
2,041
2,266
Other
3
7
2
6
17
Worldwide
4,133
7,719
5,327
16,603
22,688
Cash flow from operations and asset sales excluding working capital
Net cash provided by operating activities
(U.S. GAAP)
4,389
9,079
—
10,663
23,364
Proceeds associated with asset sales
100
460
43
229
600
Cash flow from operations and asset sales
4,489
9,539
43
10,892
23,964
Changes in operational working capital
(863)
(1,550)
1,460
1,539
(2,564)
Cash flow from operations and asset sales
3,626
7,989
1,503
12,431
21,400
excluding working capital
Attachment VI
Exxon Mobil Corporation
Earnings/(Loss)
$ Millions
$ Per Common Share1
2016
First Quarter
1,810
0.43
Second Quarter
1,700
0.41
Third Quarter
2,650
0.63
Fourth Quarter
1,680
0.41
Year
7,840
1.88
2017
First Quarter
4,010
0.95
Second Quarter
3,350
0.78
Third Quarter
3,970
0.93
Fourth Quarter
8,380
1.97
Year
19,710
4.63
2018
First Quarter
4,650
1.09
Second Quarter
3,950
0.92
Third Quarter
6,240
1.46
Fourth Quarter
6,000
1.41
Year
20,840
4.88
2019
First Quarter
2,350
0.55
Second Quarter
3,130
0.73
Third Quarter
3,170
0.75
Fourth Quarter
5,690
1.33
Year
14,340
3.36
2020
First Quarter
(610)
(0.14)
Second Quarter
(1,080)
(0.26)
Third Quarter
(680)
(0.15)
1 Computed using the average number of shares outstanding during each period.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005336/en/
ExxonMobil Media Relations, 972-940-6007
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