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8-K Filing
Exxon Mobil (XOM) 8-KRegulation FD Disclosure
Filed: 29 Jan 04, 12:00am
EXHIBIT 99.2 | ||||||||||
EXXON MOBIL CORPORATION | ||||||||||
4Q03 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 3) | ||||||||||
| ||||||||||
Net Income (U.S. GAAP), $M | 4Q03 | 3Q03 | 2Q03 | 1Q03 | 4Q02 | |||||
Upstream | ||||||||||
United States | 856 | 883 | 907 | 1,259 | 757 | |||||
Non-U.S. | 2,413 | 1,819 | 1,931 | 4,434 | 2,245 | |||||
Total | 3,269 | 2,702 | 2,838 | 5,693 | 3,002 | |||||
Downstream | ||||||||||
United States | 384 | 371 | 419 | 174 | 403 | |||||
Non-U.S. | 352 | 540 | 727 | 549 | 418 | |||||
Total | 736 | 911 | 1,146 | 723 | 821 | |||||
Chemicals | ||||||||||
United States | 212 | 25 | 128 | 16 | 71 | |||||
Non-U.S. | 264 | 205 | 311 | 271 | 5 | |||||
Total | 476 | 230 | 439 | 287 | 76 | |||||
Corporate and financing | 2,169 | (193) | (253) | (213) | (109) | |||||
Merger expenses | 0 | 0 | 0 | 0 | (100) | |||||
Income from continuing operations | 6,650 | 3,650 | 4,170 | 6,490 | 3,690 | |||||
Discontinued operations | 0 | 0 | 0 | 0 | 400 | |||||
Accounting change | 0 | 0 | 0 | 550 | 0 | |||||
Net income (U.S. GAAP) | 6,650 | 3,650 | 4,170 | 7,040 | 4,090 | |||||
Net income per common share (U.S. GAAP) | 1.01 | 0.55 | 0.63 | 1.05 | 0.60 | |||||
Net income per common share | ||||||||||
- assuming dilution (U.S. GAAP) | 1.01 | 0.55 | 0.62 | 1.05 | 0.60 | |||||
Merger Effects, Discontinued Operations, Accounting Change and Other Special Items $M | ||||||||||
Upstream | ||||||||||
United States | 0 | 0 | 0 | 0 | 0 | |||||
Non-U.S. | 0 | 0 | 0 | 1,700 | 0 | |||||
Total | 0 | 0 | 0 | 1,700 | 0 | |||||
Downstream | ||||||||||
United States | 0 | 0 | 0 | 0 | 0 | |||||
Non-U.S. | 0 | 0 | 0 | 0 | 0 | |||||
Total | 0 | 0 | 0 | 0 | 0 | |||||
Chemicals | ||||||||||
United States | 0 | 0 | 0 | 0 | 0 | |||||
Non-U.S. | 0 | 0 | 0 | 0 | 0 | |||||
Total | 0 | 0 | 0 | 0 | 0 | |||||
Corporate and financing | 2,230 | 0 | 0 | 0 | 0 | |||||
Merger expenses | 0 | 0 | 0 | 0 | (100) | |||||
Discontinued operations | 0 | 0 | 0 | 0 | 400 | |||||
Accounting change | 0 | 0 | 0 | 550 | 0 | |||||
Corporate total | 2,230 | 0 | 0 | 2,250 | 300 | |||||
| ||||||||||
Earnings Ex. Merger Effects, Discontinued Operations, Accounting Change and Other Special Items $M | ||||||||||
Upstream | ||||||||||
United States | 856 | 883 | 907 | 1,259 | 757 | |||||
Non-U.S. | 2,413 | 1,819 | 1,931 | 2,734 | 2,245 | |||||
Total | 3,269 | 2,702 | 2,838 | 3,993 | 3,002 | |||||
Downstream | ||||||||||
United States | 384 | 371 | 419 | 174 | 403 | |||||
Non-U.S. | 352 | 540 | 727 | 549 | 418 | |||||
Total | 736 | 911 | 1,146 | 723 | 821 | |||||
Chemicals |
|
|
|
| ||||||
United States | 212 | 25 | 128 | 16 | 71 | |||||
Non-U.S. | 264 | 205 | 311 | 271 | 5 | |||||
Total | 476 | 230 | 439 | 287 | 76 | |||||
Corporate and financing | (61) | (193) | (253) | (213) | (109) | |||||
Corporate total | 4,420 | 3,650 | 4,170 | 4,790 | 3,790 | |||||
EPS ex Merger Effects/Discontinued Operations/Accounting Change/Special Items | ||||||||||
- assuming dilution | 0.68 | 0.55 | 0.62 | 0.71 | 0.56 | |||||
EXXON MOBIL CORPORATION | ||||||||||
4Q03 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 3) | ||||||||||
| ||||||||||
Supplemental Information (continued) | ||||||||||
Net production of crude oil and | 4Q03 | 3Q03 | 2Q03 | 1Q03 | 4Q02 | |||||
natural gas liquids, kbd | ||||||||||
United States | 607 | 595 | 603 | 633 | 650 | |||||
Canada | 364 | 370 | 372 | 347 | 375 | |||||
Europe | 589 | 541 | 565 | 621 | 603 | |||||
Asia-Pacific | 236 | 241 | 241 | 232 | 246 | |||||
Africa | 500 | 456 | 399 | 414 | 352 | |||||
Other Non-U.S. | 299 | 282 | 297 | 257 | 271 | |||||
Total liquids production | 2,595 | 2,485 | 2,477 | 2,504 | 2,497 | |||||
Natural gas production available | ||||||||||
for sale, mcfd | ||||||||||
United States | 2,038 | 2,179 | 2,362 | 2,408 | 2,264 | |||||
Canada | 994 | 943 | 906 | 931 | 987 | |||||
Europe | 5,467 | 2,711 | 3,524 | 6,321 | 5,782 | |||||
Asia-Pacific | 1,711 | 1,860 | 1,890 | 1,752 | 2,015 | |||||
Other Non-U.S. | 648 | 630 | 601 | 634 | 619 | |||||
Total natural gas production available for sale | 10,858 | 8,323 | 9,283 | 12,046 | 11,667 | |||||
Total worldwide liquids and gas production, koebd | 4,405 | 3,872 | 4,024 | 4,512 | 4,442 | |||||
Refinery throughput, kbd | ||||||||||
United States | 1,874 | 1,850 | 1,815 | 1,683 | 1,811 | |||||
Canada | 445 | 451 | 459 | 447 | 446 | |||||
Europe | 1,626 | 1,598 | 1,573 | 1,464 | 1,548 | |||||
Asia-Pacific | 1,345 | 1,364 | 1,347 | 1,506 | 1,449 | |||||
Other Non-U.S. | 313 | 292 | 297 | 290 | 282 | |||||
Total refinery throughput | 5,603 | 5,555 | 5,491 | 5,390 | 5,536 | |||||
Petroleum product sales, kbd | ||||||||||
United States | 2,912 | 2,722 | 2,706 | 2,573 | 2,810 | |||||
Canada | 622 | 591 | 580 | 613 | 622 | |||||
Europe | 2,102 | 2,092 | 2,064 | 1,986 | 2,097 | |||||
Asia-Pacific | 1,693 | 1,637 | 1,566 | 1,805 | 1,581 | |||||
Other Non-U.S. | 908 | 889 | 879 | 882 | 907 | |||||
Total petroleum product sales | 8,237 | 7,931 | 7,795 | 7,859 | 8,017 | |||||
Gasolines, naphthas | 3,342 | 3,308 | 3,263 | 3,035 | 3,224 | |||||
Heating oils, kerosene, diesel | 2,568 | 2,360 | 2,284 | 2,517 | 2,406 | |||||
Aviation fuels | 673 | 672 | 643 | 660 | 698 | |||||
Heavy fuels | 662 | 622 | 623 | 640 | 680 | |||||
Specialty products | 992 | 969 | 982 | 1,007 | 1,009 | |||||
Total petroleum product sales | 8,237 | 7,931 | 7,795 | 7,859 | 8,017 | |||||
Chemicals product revenue, $M | ||||||||||
United States | $2,448 | $2,630 | $2,486 | $2,599 | $2,247 | |||||
Non-U.S. | 4,036 | 3,594 | 3,629 | 3,831 | 3,101 | |||||
Total chemicals product revenue | $6,484 | $6,224 | $6,115 | $6,430 | $5,348 | |||||
Chemicals prime product sales, kt | ||||||||||
United States | 2,717 | 2,664 | 2,509 | 2,850 | 2,783 | |||||
Non-U.S. | 3,975 | 3,996 | 3,826 | 4,030 | 3,831 | |||||
Total chemicals prime product sales | 6,692 | 6,660 | 6,335 | 6,880 | 6,614 | |||||
EXXON MOBIL CORPORATION | ||||||||||
4Q03 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 3) | ||||||||||
| ||||||||||
Supplemental Information (continued) | ||||||||||
Average Realization Data | 4Q03 | 3Q03 | 2Q03 | 1Q03 | 4Q02 | |||||
United States | ||||||||||
ExxonMobil | ||||||||||
Crude ($/B) | 26.73 | 25.70 | 23.81 | 29.33 | 23.65 | |||||
Natural Gas ($/kCF) | 4.59 | 4.92 | 5.22 | 6.19 | 3.87 | |||||
Benchmarks | ||||||||||
WTI ($/B) | 31.16 | 30.18 | 29.02 | 34.06 | 28.20 | |||||
ANS-WC ($/B) | 29.44 | 28.83 | 27.05 | 33.23 | 26.75 | |||||
Henry Hub ($/MBTU) | 4.58 | 4.97 | 5.40 | 6.58 | 3.99 | |||||
Non-U.S. | ||||||||||
ExxonMobil | ||||||||||
Crude ($/B) | 28.11 | 27.25 | 25.39 | 30.65 | 25.86 | |||||
Natural Gas ($/kCF) | 4.08 | 3.52 | 3.75 | 4.04 | 3.37 | |||||
European NG ($/kCF) | 4.38 | 3.64 | 3.92 | 4.03 | 3.55 | |||||
Benchmarks | ||||||||||
Brent ($/B) | 29.41 | 28.41 | 26.03 | 31.51 | 26.78 | |||||
Capital and Exploration Expenditures, $M | ||||||||||
Upstream | ||||||||||
United States | 571 | 539 | 526 | 489 | 584 | |||||
Non-U.S. | 2,733 | 2,440 | 2,395 | 2,295 | 2,297 | |||||
Total | 3,304 | 2,979 | 2,921 | 2,784 | 2,881 | |||||
Downstream | ||||||||||
United States | 291 | 312 | 333 | 308 | 324 | |||||
Non-U.S. | 528 | 356 | 380 | 273 | 515 | |||||
Total | 819 | 668 | 713 | 581 | 839 | |||||
Chemicals, Administrative and Discontinued Operations | ||||||||||
United States | 133 | 94 | 107 | 63 | 151 | |||||
Non-U.S. | 104 | 97 | 90 | 68 | 154 | |||||
Total | 237 | 191 | 197 | 131 | 305 | |||||
Total Capital and Exploration Expenditures | 4,360 | 3,838 | 3,831 | 3,496 | 4,025 | |||||
Exploration Expense Charged to Income, $M | ||||||||||
Consolidated - United States | 144 | 38 | 39 | 35 | 57 | |||||
- Non-U.S. | 306 | 184 | 138 | 107 | 249 | |||||
Non-consolidated - ExxonMobil share - United States | 0 | 0 | 1 | 0 | 0 | |||||
- Non-U.S. | 6 | 3 | 4 | 12 | 33 | |||||
Total Exploration Expense Charged to Income | 456 | 225 | 182 | 154 | 339 | |||||
Effective Income Tax Rate, % | 31.4% | 40.3% | 39.8% | 36.4% | 34.8% | |||||
Common Shares Outstanding (millions) | ||||||||||
At quarter end | 6,568 | 6,610 | 6,652 | 6,679 | 6,700 | |||||
Average | 6,580 | 6,619 | 6,654 | 6,683 | 6,712 | |||||
Average - assuming dilution | 6,612 | 6,652 | 6,687 | 6,714 | 6,755 | |||||
Cash Flows from Operations and Asset Sales ($G) | ||||||||||
Net cash provided by operating activities | 6.8 | 5.7 | 7.3 | 8.7 | 5.1 | |||||
Sales of subsidiaries, investments and PP&E | 0.5 | 0.2 | 0.3 | 1.3 | 1.7 | |||||
Cash flows from operations and asset sales | 7.3 | 5.9 | 7.6 | 10.0 | 6.8 | |||||
The above numbers reflect ExxonMobil's current estimate of volumes and realizations given data available as of the | ||||||||||
end of the fourth quarter of 2003. Volumes and realizations may be adjusted when full statements on joint venture | ||||||||||
operations are received from outside operators. ExxonMobil management assumes no duty to update these estimates. |