Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Billions, except Share data, unless otherwise specified | Dec. 31, 2014 | Jan. 31, 2015 | Jun. 30, 2014 |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2014 | ||
Trading Symbol | XOM | ||
Entity Registrant Name | EXXON MOBIL CORP | ||
Entity Central Index Key | 34088 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 4,194,690,266 | ||
Entity Public Float | $429 |
Consolidated_Statement_Of_Inco
Consolidated Statement Of Income (USD $) | 12 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Revenues and other income | ||||||
Sales and other operating revenue | $394,105 | [1],[2] | $420,836 | [1],[2] | $451,509 | [1],[2] |
Income from equity affiliates | 13,323 | 13,927 | 15,010 | |||
Other income | 4,511 | 3,492 | 14,162 | |||
Total revenues and other income | 411,939 | 438,255 | 480,681 | |||
Costs and other deductions | ||||||
Crude oil and product purchases | 225,972 | 244,156 | 263,535 | |||
Production and manufacturing expenses | 40,859 | 40,525 | 38,521 | |||
Selling, general and administrative expenses | 12,598 | 12,877 | 13,877 | |||
Depreciation and depletion | 17,297 | 17,182 | 15,888 | |||
Exploration expenses, including dry holes | 1,669 | 1,976 | 1,840 | |||
Interest expense | 286 | 9 | 327 | |||
Sales-based taxes | 29,342 | [1] | 30,589 | [1] | 32,409 | [1] |
Other taxes and duties | 32,286 | 33,230 | 35,558 | |||
Total costs and other deductions | 360,309 | 380,544 | 401,955 | |||
Income before income taxes | 51,630 | 57,711 | 78,726 | |||
Income taxes | 18,015 | 24,263 | 31,045 | |||
Net income including noncontrolling interests | 33,615 | 33,448 | 47,681 | |||
Net income attributable to noncontrolling interests | 1,095 | 868 | 2,801 | |||
Net income attributable to ExxonMobil | $32,520 | $32,580 | $44,880 | |||
Earnings per common share (dollars) | $7.60 | [3] | $7.37 | [3] | $9.70 | [3] |
Earnings per common share - assuming dilution (dollars) | $7.60 | $7.37 | $9.70 | |||
[1] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. | |||||
[2] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | |||||
[3] | The earnings per common share and earnings per common share - assuming dilution are the same in each period shown. |
Consolidated_Statement_Of_Inco1
Consolidated Statement Of Income (Parenthetical) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Consolidated Statement Of Income [Abstract] | ||||||
Sales-based taxes included in sales and other operating revenue | $29,342 | [1] | $30,589 | [1] | $32,409 | [1] |
[1] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. |
Consolidated_Statement_Of_Comp
Consolidated Statement Of Comprehensive Income (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Consolidated Statement Of Comprehensive Income [Abstract] | |||
Net income including noncontrolling interests | $33,615 | $33,448 | $47,681 |
Other comprehensive income (net of income taxes) | |||
Foreign exchange translation adjustment | -5,847 | -3,620 | 920 |
Adjustment for foreign exchange translation (gain)/loss included in net income | 152 | -23 | -4,352 |
Postretirement benefits reserves adjustment (excluding amortization) | -4,262 | 3,174 | -3,574 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 1,111 | 1,820 | 2,395 |
Unrealized change in fair value of stock investments | -63 | ||
Realized (gain)/ loss from stock investments included in net income | 3 | ||
Total other comprehensive income | -8,906 | 1,351 | -4,611 |
Comprehensive income including noncontrolling interests | 24,709 | 34,799 | 43,070 |
Comprehensive income attributable to noncontrolling interests | 421 | 760 | 1,251 |
Comprehensive income attributable to ExxonMobil | $24,288 | $34,039 | $41,819 |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current assets | ||
Cash and cash equivalents | $4,616 | $4,644 |
Cash and cash equivalents - restricted | 42 | 269 |
Notes and accounts receivable, less estimated doubtful amounts | 28,009 | 33,152 |
Inventories | ||
Crude oil, products and merchandise | 12,384 | 12,117 |
Materials and supplies | 4,294 | 4,018 |
Other current assets | 3,565 | 5,108 |
Total current assets | 52,910 | 59,308 |
Investments, advances and long-term receivables | 35,239 | 36,328 |
Property, plant and equipment, at cost, less accumulated depreciation and depletion | 252,668 | 243,650 |
Other assets, including intangibles, net | 8,676 | 7,522 |
Total assets | 349,493 | 346,808 |
Current liabilities | ||
Notes and loans payable | 17,468 | 15,808 |
Accounts payable and accrued liabilities | 42,227 | 48,085 |
Income taxes payable | 4,938 | 7,831 |
Total current liabilities | 64,633 | 71,724 |
Long-term debt | 11,653 | 6,891 |
Postretirement benefits reserves | 25,802 | 20,646 |
Deferred income tax liabilities | 39,230 | 40,530 |
Long-term obligations to equity companies | 5,325 | 4,742 |
Other long-term obligations | 21,786 | 21,780 |
Total liabilities | 168,429 | 166,313 |
Commitments and contingencies (Note 16) | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 10,792 | 10,077 |
Earnings reinvested | 408,384 | 387,432 |
Accumulated other comprehensive income | -18,957 | -10,725 |
Common stock held in treasury (3,818 million shares in 2014 and 3,684 million shares in 2013) | -225,820 | -212,781 |
ExxonMobil share of equity | 174,399 | 174,003 |
Noncontrolling interests | 6,665 | 6,492 |
Total equity | 181,064 | 180,495 |
Total liabilities and equity | $349,493 | $346,808 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Consolidated Balance Sheet [Abstract] | ||
Common stock, without par value | ||
Common stock, shares authorized | 9,000,000,000 | 9,000,000,000 |
Common stock, shares issued | 8,019,000,000 | 8,019,000,000 |
Common stock held in treasury, shares | 3,818,000,000 | 3,684,000,000 |
Consolidated_Statement_Of_Cash
Consolidated Statement Of Cash Flows (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities | |||
Net income including noncontrolling interests | $33,615 | $33,448 | $47,681 |
Adjustments for noncash transactions | |||
Depreciation and depletion | 17,297 | 17,182 | 15,888 |
Deferred income tax charges/(credits) | 1,540 | 754 | 3,142 |
Postretirement benefits expense in excess of/(less than) net payments | 524 | 2,291 | -315 |
Other long-term obligation provisions in excess of/(less than) payments | 1,404 | -2,566 | 1,643 |
Dividends received greater than/(less than) equity in current earnings of equity companies | -358 | 3 | -1,157 |
Changes in operational working capital, excluding cash and debt | |||
Reduction/(increase) - Notes and accounts receivable | 3,118 | -305 | -1,082 |
Reduction/(increase) - Inventories | -1,343 | -1,812 | -1,873 |
Reduction/(increase) - Other current assets | -68 | -105 | -42 |
Increase/(reduction) - Accounts and other payables | -6,639 | -2,498 | 3,624 |
Net (gain) on asset sales | -3,151 | -1,828 | -13,018 |
All other items - net | -823 | 350 | 1,679 |
Net cash provided by operating activities | 45,116 | 44,914 | 56,170 |
Cash flows from investing activities | |||
Additions to property, plant and equipment | -32,952 | -33,669 | -34,271 |
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | 4,035 | 2,707 | 7,655 |
Decrease/(increase) in restricted cash and cash equivalents | 227 | 72 | 63 |
Additional investments and advances | -1,631 | -4,435 | -598 |
Collection of advances | 3,346 | 1,124 | 1,550 |
Net cash used in investing activities | -26,975 | -34,201 | -25,601 |
Cash flows from financing activities | |||
Additions to long-term debt | 5,731 | 345 | 995 |
Reductions in long-term debt | -69 | -13 | -147 |
Additions to short-term debt | 16 | 958 | |
Reductions in short-term debt | -745 | -756 | -4,488 |
Additions/(reductions) in debt with three months or less maturity | 2,049 | 12,012 | -226 |
Cash dividends to ExxonMobil shareholders | -11,568 | -10,875 | -10,092 |
Cash dividends to noncontrolling interests | -248 | -304 | -327 |
Changes in noncontrolling interests | -1 | 204 | |
Tax benefits related to stock-based awards | 115 | 48 | 130 |
Common stock acquired | -13,183 | -15,998 | -21,068 |
Common stock sold | 30 | 50 | 193 |
Net cash used in financing activities | -17,888 | -15,476 | -33,868 |
Effects of exchange rate changes on cash | -281 | -175 | 217 |
Increase/(decrease) in cash and cash equivalents | -28 | -4,938 | -3,082 |
Cash and cash equivalents at beginning of year | 4,644 | 9,582 | 12,664 |
Cash and cash equivalents at end of year | $4,616 | $4,644 | $9,582 |
Consolidated_Statement_Of_Chan
Consolidated Statement Of Changes In Equity (USD $) | Total | ExxonMobil Share Of Common Stock [Member] | ExxonMobil Share Of Earnings Reinvested [Member] | ExxonMobil Share Of Accumulated Other Comprehensive Income [Member] | ExxonMobil Share Of Common Stock Held In Treasury [Member] | ExxonMobil Share Of Equity [Member] | Noncontrolling Interests [Member] | Common Stock Outstanding [Member] |
In Millions, except Share data | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
Balance at Dec. 31, 2011 | $160,744 | $9,512 | $330,939 | ($9,123) | ($176,932) | $154,396 | $6,348 | |
Balance (in shares) - outstanding at Dec. 31, 2011 | 4,734,000,000 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2011 | -3,285,000,000 | |||||||
Balance (in shares) - issued at Dec. 31, 2011 | 8,019,000,000 | |||||||
Amortization of stock-based awards | 806 | 806 | 806 | |||||
Tax benefits related to stock-based awards | 178 | 178 | 178 | |||||
Other | -2,284 | -843 | -843 | -1,441 | ||||
Net income for the year | 47,681 | 44,880 | 44,880 | 2,801 | ||||
Dividends - common shares (company) | -10,092 | -10,092 | ||||||
Dividends - common shares (NCI) | -327 | |||||||
Dividends - common shares (total) | -10,419 | |||||||
Other comprehensive income | -4,611 | -3,061 | -3,061 | -1,550 | ||||
Acquisitions, at cost (company) | -21,068 | -21,068 | ||||||
Acquisitions, at cost (NCI) | -34 | |||||||
Acquisitions, at cost (total) | -21,102 | |||||||
Dispositions | 667 | 667 | 667 | |||||
Acquisitions (in shares) | -244,000,000 | -244,000,000 | ||||||
Dispositions (in shares) | 12,000,000 | 12,000,000 | ||||||
Balance at Dec. 31, 2012 | 171,660 | 9,653 | 365,727 | -12,184 | -197,333 | 165,863 | 5,797 | |
Balance (in shares) - outstanding at Dec. 31, 2012 | 4,502,000,000 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2012 | -3,517,000,000 | |||||||
Balance (in shares) - issued at Dec. 31, 2012 | 8,019,000,000 | |||||||
Amortization of stock-based awards | 761 | 761 | 761 | |||||
Tax benefits related to stock-based awards | 162 | 162 | 162 | |||||
Other | -259 | -499 | -499 | 240 | ||||
Net income for the year | 33,448 | 32,580 | 32,580 | 868 | ||||
Dividends - common shares (company) | -10,875 | -10,875 | ||||||
Dividends - common shares (NCI) | -304 | |||||||
Dividends - common shares (total) | -11,179 | |||||||
Other comprehensive income | 1,351 | 1,459 | 1,459 | -108 | ||||
Acquisitions, at cost (company) | -15,998 | -15,998 | ||||||
Acquisitions, at cost (NCI) | -1 | |||||||
Acquisitions, at cost (total) | -15,999 | |||||||
Dispositions | 550 | 550 | 550 | |||||
Acquisitions (in shares) | -177,000,000 | -177,000,000 | ||||||
Dispositions (in shares) | 10,000,000 | 10,000,000 | ||||||
Balance at Dec. 31, 2013 | 180,495 | 10,077 | 387,432 | -10,725 | -212,781 | 174,003 | 6,492 | |
Balance (in shares) - outstanding at Dec. 31, 2013 | 4,335,000,000 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2013 | 3,684,000,000 | -3,684,000,000 | ||||||
Balance (in shares) - issued at Dec. 31, 2013 | 8,019,000,000 | 8,019,000,000 | ||||||
Amortization of stock-based awards | 780 | 780 | 780 | |||||
Tax benefits related to stock-based awards | 49 | 49 | 49 | |||||
Other | -114 | -114 | -114 | |||||
Net income for the year | 33,615 | 32,520 | 32,520 | 1,095 | ||||
Dividends - common shares (company) | -11,568 | -11,568 | ||||||
Dividends - common shares (NCI) | -248 | |||||||
Dividends - common shares (total) | -11,816 | |||||||
Other comprehensive income | -8,906 | -8,232 | -8,232 | -674 | ||||
Acquisitions, at cost (company) | -13,183 | -13,183 | ||||||
Acquisitions, at cost (total) | -13,183 | |||||||
Dispositions | 144 | 144 | 144 | |||||
Acquisitions (in shares) | -136,000,000 | -136,000,000 | ||||||
Dispositions (in shares) | 2,000,000 | 2,000,000 | ||||||
Balance at Dec. 31, 2014 | $181,064 | $10,792 | $408,384 | ($18,957) | ($225,820) | $174,399 | $6,665 | |
Balance (in shares) - outstanding at Dec. 31, 2014 | 4,201,000,000 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2014 | 3,818,000,000 | -3,818,000,000 | ||||||
Balance (in shares) - issued at Dec. 31, 2014 | 8,019,000,000 | 8,019,000,000 |
Summary_Of_Accounting_Policies
Summary Of Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Summary Of Accounting Policies [Abstract] | |
Summary Of Accounting Policies | 1. Summary of Accounting Policies |
Principles of Consolidation. The Consolidated Financial Statements include the accounts of subsidiaries the Corporation controls. They also include the Corporation’s share of the undivided interest in certain upstream assets, liabilities, revenues and expenses. | |
Amounts representing the Corporation’s interest in entities that it does not control, but over which it exercises significant influence, are included in “Investments, advances and long-term receivables.” The Corporation’s share of the net income of these companies is included in the Consolidated Statement of Income caption “Income from equity affiliates.” | |
Majority ownership is normally the indicator of control that is the basis on which subsidiaries are consolidated. However, certain factors may indicate that a majority-owned investment is not controlled and therefore should be accounted for using the equity method of accounting. These factors occur where the minority shareholders are granted by law or by contract substantive participating rights. These include the right to approve operating policies, expense budgets, financing and investment plans, and management compensation and succession plans. | |
The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in Accumulated Other Comprehensive Income. | |
Evidence of loss in value that might indicate impairment of investments in companies accounted for on the equity method is assessed to determine if such evidence represents a loss in value of the Corporation’s investment that is other than temporary. Examples of key indicators include a history of operating losses, negative earnings and cash flow outlook, significant downward revisions to oil and gas reserves, and the financial condition and prospects for the investee’s business segment or geographic region. If evidence of an other than temporary loss in fair value below carrying amount is determined, an impairment is recognized. In the absence of market prices for the investment, discounted cash flows are used to assess fair value. | |
Revenue Recognition. The Corporation generally sells crude oil, natural gas and petroleum and chemical products under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments. Revenues are recognized when the products are delivered, which occurs when the customer has taken title and has assumed the risks and rewards of ownership, prices are fixed or determinable and collectibility is reasonably assured. | |
Revenues from the production of natural gas properties in which the Corporation has an interest with other producers are recognized on the basis of the Corporation’s net working interest. Differences between actual production and net working interest volumes are not significant. | |
Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold. | |
Sales-Based Taxes. The Corporation reports sales, excise and value-added taxes on sales transactions on a gross basis in the Consolidated Statement of Income (included in both revenues and costs). | |
Derivative Instruments. The Corporation makes limited use of derivative instruments. The Corporation does not engage in speculative derivative activities or derivative trading activities, nor does it use derivatives with leveraged features. When the Corporation does enter into derivative transactions, it is to offset exposures associated with interest rates, foreign currency exchange rates and hydrocarbon prices that arise from existing assets, liabilities and forecasted transactions. | |
The gains and losses resulting from changes in the fair value of derivatives are recorded in income. In some cases, the Corporation designates derivatives as fair value hedges, in which case the gains and losses are offset in income by the gains and losses arising from changes in the fair value of the underlying hedged item. | |
Fair Value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Hierarchy Levels 1, 2 and 3 are terms for the priority of inputs to valuation techniques used to measure fair value. Hierarchy Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Hierarchy Level 2 inputs are inputs other than quoted prices included within Level 1 that are directly or indirectly observable for the asset or liability. Hierarchy Level 3 inputs are inputs that are not observable in the market. | |
Inventories. 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). Inventory costs include expenditures and other charges (including depreciation) directly and indirectly incurred in bringing the inventory to its existing condition and location. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory cost. Inventories of materials and supplies are valued at cost or less. | |
Property, Plant and Equipment. Depreciation, depletion and amortization, based on cost less estimated salvage value of the asset, are primarily determined under either the unit-of-production method or the straight-line method, which is based on estimated asset service life taking obsolescence into consideration. Maintenance and repairs, including planned major maintenance, are expensed as incurred. Major renewals and improvements are capitalized and the assets replaced are retired. | |
The Corporation uses the “successful efforts” method to account for its exploration and production activities. Under this method, costs are accumulated on a field-by-field basis. Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) are capitalized when incurred. Exploratory well costs are carried as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expense. Other exploratory expenditures, including geophysical costs and annual lease rentals, are expensed as incurred. Development costs including costs of productive wells and development dry holes are capitalized. | |
Acquisition costs of proved properties are amortized using a unit-of-production method, computed on the basis of total proved oil and gas reserves. Capitalized exploratory drilling and development costs associated with productive depletable extractive properties are amortized using unit-of-production rates based on the amount of proved developed reserves of oil, gas and other minerals that are estimated to be recoverable from existing facilities using current operating methods. Under the unit-of-production method, oil and gas volumes are considered produced once they have been measured through meters at custody transfer or sales transaction points at the outlet valve on the lease or field storage tank. | |
Production involves lifting the oil and gas to the surface and gathering, treating, field processing and field storage of the oil and gas. The production function normally terminates at the outlet valve on the lease or field production storage tank. Production costs are those incurred to operate and maintain the Corporation’s wells and related equipment and facilities and are expensed as incurred. They become part of the cost of oil and gas produced. These costs, sometimes referred to as lifting costs, include such items as labor costs to operate the wells and related equipment; repair and maintenance costs on the wells and equipment; materials, supplies and energy costs required to operate the wells and related equipment; and administrative expenses related to the production activity. | |
Proved oil and gas properties held and used by the Corporation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. | |
The Corporation estimates the future undiscounted cash flows of the affected properties to judge the recoverability of carrying amounts. Cash flows used in impairment evaluations are developed using annually updated corporate plan investment evaluation assumptions for crude oil and natural gas commodity prices, refining and chemical margins and foreign currency exchange rates. Annual volumes are based on field production profiles, which are also updated annually. Prices for other petroleum and chemical products are based on corporate plan assumptions developed annually by major region and also for investment evaluation purposes. Cash flow estimates for impairment testing exclude derivative instruments. | |
Impairment analyses are generally based on proved reserves. Where probable reserves exist, an appropriately risk-adjusted amount of these reserves may be included in the impairment evaluation. An asset group would be impaired if the undiscounted cash flows were less than its carrying value. Impairments are measured by the amount the carrying value exceeds fair value. | |
Significant unproved properties are assessed for impairment individually, and valuation allowances against the capitalized costs are recorded based on the estimated economic chance of success and the length of time that the Corporation expects to hold the properties. Properties that are not individually significant are aggregated by groups and amortized based on development risk and average holding period. The valuation allowances are reviewed at least annually. | |
Gains on sales of proved and unproved properties are only recognized when there is neither uncertainty about the recovery of costs applicable to any interest retained nor any substantial obligation for future performance by the Corporation. | |
Losses on properties sold are recognized when incurred or when the properties are held for sale and the fair value of the properties is less than the carrying value. | |
Interest costs incurred to finance expenditures during the construction phase of multiyear projects are capitalized as part of the historical cost of acquiring the constructed assets. The project construction phase commences with the development of the detailed engineering design and ends when the constructed assets are ready for their intended use. Capitalized interest costs are included in property, plant and equipment and are depreciated over the service life of the related assets. | |
Asset Retirement Obligations and Environmental Liabilities. The Corporation incurs retirement obligations for certain assets. The fair values of these obligations are recorded as liabilities on a discounted basis, which is typically at the time the assets are installed. The costs associated with these liabilities are capitalized as part of the related assets and depreciated. Over time, the liabilities are accreted for the change in their present value. | |
Liabilities for environmental costs are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. These liabilities are not reduced by possible recoveries from third parties and projected cash expenditures are not discounted. | |
Foreign Currency Translation. The Corporation selects the functional reporting currency for its international subsidiaries based on the currency of the primary economic environment in which each subsidiary operates. | |
Downstream and Chemical operations primarily use the local currency. However, the U.S. dollar is used in countries with a history of high inflation (primarily in Latin America) and Singapore, which predominantly sells into the U.S. dollar export market. Upstream operations which are relatively self-contained and integrated within a particular country, such as Canada, the United Kingdom, Norway and continental Europe, use the local currency. Some Upstream operations, primarily in Asia and Africa, use the U.S. dollar because they predominantly sell crude and natural gas production into U.S. dollar-denominated markets. | |
For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income. | |
Stock-Based Payments. The Corporation awards stock-based compensation to employees in the form of restricted stock and restricted stock units. Compensation expense is measured by the price of the stock at the date of grant and is recognized in income over the requisite service period. |
Accounting_Changes
Accounting Changes | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Changes [Abstract] | |
Accounting Changes | 2. Accounting Changes |
The Corporation did not adopt authoritative guidance in 2014 that had a material impact on the Corporation’s financial statements. | |
In May 2014, the Financial Accounting Standards Board issued a new standard, Revenue from Contracts with Customers. The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements, and expands disclosure requirements. The standard is required to be adopted beginning January 1, 2017. ExxonMobil is evaluating the standard and its effect on the Corporation’s financial statements. |
Miscellaneous_Financial_Inform
Miscellaneous Financial Information | 12 Months Ended | |||||
Dec. 31, 2014 | ||||||
Miscellaneous Financial Information [Abstract] | ||||||
Miscellaneous Financial Information | 3. Miscellaneous Financial Information | |||||
Research and development expenses totaled $971 million in 2014, $1,044 million in 2013 and $1,042 million in 2012. | ||||||
Net income included before-tax aggregate foreign exchange transaction losses of $225 million, and gains of $155 million and $159 million in 2014, 2013 and 2012, respectively. | ||||||
In 2014, 2013 and 2012, net income included gains of $187 million, $282 million and $328 million, respectively, attributable to the combined effects of LIFO inventory accumulations and drawdowns. The aggregate replacement cost of inventories was estimated to exceed their LIFO carrying values by $10.6 billion and $21.2 billion at December 31, 2014, and 2013, respectively. | ||||||
Crude oil, products and merchandise as of year-end 2014 and 2013 consist of the following: | ||||||
2014 | 2013 | |||||
(billions of dollars) | ||||||
Petroleum products | 4.1 | 3.9 | ||||
Crude oil | 4.6 | 4.7 | ||||
Chemical products | 2.9 | 2.9 | ||||
Gas/other | 0.8 | 0.6 | ||||
Total | 12.4 | 12.1 |
Other_Comprehensive_Income_Inf
Other Comprehensive Income Information | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Other Comprehensive Income Information [Abstract] | ||||||||||||||
Other Comprehensive Income Information | 4. Other Comprehensive Income Information | |||||||||||||
Cumulative | Post- | |||||||||||||
Foreign | retirement | Unrealized | ||||||||||||
Exchange | Benefits | Change in | ||||||||||||
ExxonMobil Share of Accumulated Other | Translation | Reserves | Stock | |||||||||||
Comprehensive Income | Adjustment | Adjustment | Investments | Total | ||||||||||
(millions of dollars) | ||||||||||||||
Balance as of December 31, 2011 | 4,168 | -13,291 | - | -9,123 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | 842 | -3,402 | - | -2,560 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | -2,600 | 2,099 | - | -501 | ||||||||||
Total change in accumulated other comprehensive income | -1,758 | -1,303 | - | -3,061 | ||||||||||
Balance as of December 31, 2012 | 2,410 | -14,594 | - | -12,184 | ||||||||||
Balance as of December 31, 2012 | 2,410 | -14,594 | - | -12,184 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | -3,233 | 2,963 | - | -270 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | -23 | 1,752 | - | 1,729 | ||||||||||
Total change in accumulated other comprehensive income | -3,256 | 4,715 | - | 1,459 | ||||||||||
Balance as of December 31, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||
Balance as of December 31, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | -5,258 | -4,132 | -63 | -9,453 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | 152 | 1,066 | 3 | 1,221 | ||||||||||
Total change in accumulated other comprehensive income | -5,106 | -3,066 | -60 | -8,232 | ||||||||||
Balance as of December 31, 2014 | -5,952 | -12,945 | -60 | -18,957 | ||||||||||
Amounts Reclassified Out of Accumulated Other | ||||||||||||||
Comprehensive Income - Before-tax Income/(Expense) | 2014 | 2013 | 2012 | |||||||||||
(millions of dollars) | ||||||||||||||
Foreign exchange translation gain/(loss) included in net income | ||||||||||||||
(Statement of Income line: Other income) | -152 | 23 | 4,352 | |||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||
adjustment included in net periodic benefit costs (1) | -1,571 | -2,616 | -3,621 | |||||||||||
Realized change in fair value of stock investments included in net income | ||||||||||||||
(Statement of Income line: Other income) | -5 | - | - | |||||||||||
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 17 – Pension and Other Postretirement Benefits for additional details.) | ||||||||||||||
Income Tax (Expense)/Credit For | ||||||||||||||
Components of Other Comprehensive Income | 2014 | 2013 | 2012 | |||||||||||
(millions of dollars) | ||||||||||||||
Foreign exchange translation adjustment | 292 | 218 | -236 | |||||||||||
Postretirement benefits reserves adjustment (excluding amortization) | 2,009 | -1,540 | 1,619 | |||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||
adjustment included in net periodic benefit costs | -460 | -796 | -1,226 | |||||||||||
Unrealized change in fair value of stock investments | 34 | - | - | |||||||||||
Realized change in fair value of stock investments included in net income | -2 | - | - | |||||||||||
Total | 1,873 | -2,118 | 157 |
Cash_Flow_Information
Cash Flow Information | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Cash Flow Information [Abstract] | |||||||
Cash Flow Information | 5. Cash Flow Information | ||||||
The Consolidated Statement of Cash Flows provides information about changes in cash and cash equivalents. Highly liquid investments with maturities of three months or less when acquired are classified as cash equivalents. | |||||||
For 2014, the “Net (gain) on asset sales” on the Consolidated Statement of Cash Flows includes before-tax gains from the sale of Hong Kong power operations, additional proceeds related to the 2013 sale of a partial interest in Iraq, the sale of Downstream affiliates in the Caribbean and the sale or exchange of Upstream properties in the U.S., Canada, and Malaysia. For 2013, the amount includes before-tax gains from the sale of a partial interest in Iraq, the sale of Downstream affiliates in the Caribbean and the sale of service stations. For 2012, the amount includes before-tax gains related to the Japan restructuring, the sale of an Upstream property in Angola, exchanges of Upstream properties, the sale of U.S. service stations and the sale of Downstream affiliates in Malaysia and Switzerland. These gains are reported in “Other income” on the Consolidated Statement of Income. | |||||||
In 2014, ExxonMobil completed asset exchanges, primarily non-cash transactions, of approximately $1.2 billion. This amount is not included in the “Sales of subsidiaries, investments, and property, plant and equipment” or the “Additions to property, plant and equipment” lines on the Statement of Cash Flows. | |||||||
In 2012, the Corporation’s interest in a cost company was redeemed. As part of the redemption, a variable note due in 2035 issued by Mobil Services (Bahamas) Ltd. was assigned to a consolidated ExxonMobil affiliate. This note is no longer classified as third party long-term debt. This assignment did not result in a “Reduction in long-term debt” on the Statement of Cash Flows. | |||||||
In 2012, ExxonMobil completed asset exchanges, primarily noncash transactions, of approximately $1 billion. This amount is not included in the “Sales of subsidiaries, investments, and property, plant and equipment” or the “Additions to property, plant and equipment” lines on the Statement of Cash Flows. | |||||||
2014 | 2013 | 2012 | |||||
(millions of dollars) | |||||||
Cash payments for interest | 380 | 426 | 555 | ||||
Cash payments for income taxes | 18,085 | 25,066 | 24,349 |
Additional_Working_Capital_Inf
Additional Working Capital Information | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Additional Working Capital Information [Abstract] | |||||||
Additional Working Capital Information | 6. Additional Working Capital Information | ||||||
Dec. 31 | Dec. 31 | ||||||
2014 | 2013 | ||||||
(millions of dollars) | |||||||
Notes and accounts receivable | |||||||
Trade, less reserves of $113 million and $112 million | 18,541 | 25,993 | |||||
Other, less reserves of $48 million and $28 million | 9,468 | 7,159 | |||||
Total | 28,009 | 33,152 | |||||
Notes and loans payable | |||||||
Bank loans | 473 | 723 | |||||
Commercial paper | 16,225 | 14,051 | |||||
Long-term debt due within one year | 770 | 1,034 | |||||
Total | 17,468 | 15,808 | |||||
Accounts payable and accrued liabilities | |||||||
Trade payables | 25,286 | 30,920 | |||||
Payables to equity companies | 6,589 | 6,587 | |||||
Accrued taxes other than income taxes | 3,290 | 3,883 | |||||
Other | 7,062 | 6,695 | |||||
Total | 42,227 | 48,085 | |||||
The Corporation has short-term committed lines of credit of $6.3 billion which were unused as of December 31, 2014. These lines are available for general corporate purposes. | |||||||
The weighted-average interest rate on short-term borrowings outstanding was 0.3 percent and 0.4 percent at December 31, 2014, and 2013, respectively. |
Equity_Company_Information
Equity Company Information | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Equity Company Information [Abstract] | ||||||||||||||
Equity Company Information | 7. Equity Company Information | |||||||||||||
The summarized financial information below includes amounts related to certain less-than-majority-owned companies and majority-owned subsidiaries where minority shareholders possess the right to participate in significant management decisions (see Note 1). These companies are primarily engaged in oil and gas exploration and production, natural gas marketing, and refining operations in North America; natural gas exploration, production and distribution, and downstream operations in Europe; and exploration, production, liquefied natural gas (LNG) operations, refining operations, petrochemical manufacturing, and fuel sales in Asia. Also included are several refining, petrochemical manufacturing, and marketing ventures. | ||||||||||||||
The Corporation’s ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships. Differences between the company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned to the extent practicable to specific assets and liabilities based on the company’s analysis of the factors giving rise to the difference. The amortization of this difference, as appropriate, is included in “income from equity affiliates.” | ||||||||||||||
The share of total equity company revenues from sales to ExxonMobil consolidated companies was 14 percent, 13 percent and 16 percent in the years 2014, 2013 and 2012, respectively. | ||||||||||||||
In 2013 and 2014, the Corporation and Rosneft established various entities to conduct exploration and research activities. Periods of disproportionate funding will result in the Corporation recognizing, during the early phases of the projects, an investment that is larger than its equity share in these entities. These joint ventures are considered Variable Interest Entities. However, since the Corporation is not the primary beneficiary of these entities, the joint ventures are reported as equity companies. In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. In compliance with the sanctions and all general and specific licenses, prohibited activities involving offshore Russia in the Black Sea, Arctic regions, and onshore western Siberia have been wound down. The Corporation's maximum exposure to loss from these joint ventures as of December 31, 2014, is $1.0 billion. | ||||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Equity Company | ExxonMobil | ExxonMobil | ExxonMobil | |||||||||||
Financial Summary | Total | Share | Total | Share | Total | Share | ||||||||
(millions of dollars) | ||||||||||||||
Total revenues | 183,708 | 55,855 | 236,161 | 68,084 | 224,953 | 67,572 | ||||||||
Income before income taxes | 65,549 | 19,014 | 69,454 | 19,999 | 69,411 | 20,882 | ||||||||
Income taxes | 20,520 | 5,684 | 21,618 | 6,069 | 20,703 | 5,868 | ||||||||
Income from equity affiliates | 45,029 | 13,330 | 47,836 | 13,930 | 48,708 | 15,014 | ||||||||
Current assets | 49,905 | 16,802 | 62,398 | 19,545 | 59,612 | 18,483 | ||||||||
Long-term assets | 110,754 | 33,619 | 116,450 | 35,695 | 111,131 | 33,798 | ||||||||
Total assets | 160,659 | 50,421 | 178,848 | 55,240 | 170,743 | 52,281 | ||||||||
Current liabilities | 37,333 | 11,472 | 54,550 | 15,243 | 49,698 | 14,265 | ||||||||
Long-term liabilities | 66,231 | 19,470 | 68,857 | 20,873 | 68,855 | 19,715 | ||||||||
Net assets | 57,095 | 19,479 | 55,441 | 19,124 | 52,190 | 18,301 | ||||||||
A list of significant equity companies as of December 31, 2014, together with the Corporation’s percentage ownership interest, is detailed below: | ||||||||||||||
Percentage | ||||||||||||||
Ownership | ||||||||||||||
Interest | ||||||||||||||
Upstream | ||||||||||||||
Aera Energy LLC | 48 | |||||||||||||
BEB Erdgas und Erdoel GmbH & Co. KG | 50 | |||||||||||||
Cameroon Oil Transportation Company S.A. | 41 | |||||||||||||
Cross Timbers Energy, LLC | 50 | |||||||||||||
Golden Pass LNG Terminal LLC | 18 | |||||||||||||
Karmorneftegaz Holding SARL | 33 | |||||||||||||
Marine Well Containment Company LLC | 10 | |||||||||||||
Nederlandse Aardolie Maatschappij B.V. | 50 | |||||||||||||
Qatar Liquefied Gas Company Limited | 10 | |||||||||||||
Qatar Liquefied Gas Company Limited (2) | 24 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited | 25 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited (II) | 31 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited (3) | 30 | |||||||||||||
South Hook LNG Terminal Company Limited | 24 | |||||||||||||
Tengizchevroil, LLP | 25 | |||||||||||||
Terminale GNL Adriatico S.r.l. | 71 | |||||||||||||
Downstream | ||||||||||||||
Chalmette Refining, LLC | 50 | |||||||||||||
Fujian Refining & Petrochemical Co. Ltd. | 25 | |||||||||||||
Saudi Aramco Mobil Refinery Company Ltd. | 50 | |||||||||||||
Chemical | ||||||||||||||
Al-Jubail Petrochemical Company | 50 | |||||||||||||
Infineum Holdings B.V. | 50 | |||||||||||||
Infineum USA L.P. | 50 | |||||||||||||
Saudi Yanbu Petrochemical Co. | 50 |
Investments_Advances_And_LongT
Investments, Advances And Long-Term Receivables | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Investments, Advances And Long-Term Receivables [Abstract] | |||||||
Investments, Advances And Long-Term Receivables | 8. Investments, Advances and Long-Term Receivables | ||||||
Dec. 31, | Dec. 31, | ||||||
2014 | 2013 | ||||||
(millions of dollars) | |||||||
Companies carried at equity in underlying assets | |||||||
Investments | 20,017 | 19,619 | |||||
Advances | 9,818 | 10,476 | |||||
Total equity company investments and advances | 29,835 | 30,095 | |||||
Companies carried at cost or less and stock investments carried at fair value | 526 | 115 | |||||
Long-term receivables and miscellaneous investments at cost or less, net of reserves | |||||||
of $2,662 million and $2,938 million | 4,878 | 6,118 | |||||
Total | 35,239 | 36,328 |
Property_Plant_And_Equipment_A
Property, Plant And Equipment And Asset Retirement Obligations | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | ||||||||||
Property, Plant And Equipment And Asset Retirement Obligations | 9. Property, Plant and Equipment and Asset Retirement Obligations | |||||||||
31-Dec-14 | 31-Dec-13 | |||||||||
Property, Plant and Equipment | Cost | Net | Cost | Net | ||||||
(millions of dollars) | ||||||||||
Upstream | 347,170 | 205,308 | 336,359 | 197,554 | ||||||
Downstream | 53,327 | 22,639 | 54,456 | 23,219 | ||||||
Chemical | 30,717 | 14,918 | 29,487 | 13,965 | ||||||
Other | 15,575 | 9,803 | 14,215 | 8,912 | ||||||
Total | 446,789 | 252,668 | 434,517 | 243,650 | ||||||
In the Upstream segment, depreciation is generally on a unit-of-production basis, so depreciable life will vary by field. In the Downstream segment, investments in refinery and lubes basestock manufacturing facilities are generally depreciated on a straight-line basis over a 25-year life and service station buildings and fixed improvements over a 20-year life. In the Chemical segment, investments in process equipment are generally depreciated on a straight-line basis over a 20-year life. | ||||||||||
Accumulated depreciation and depletion totaled $194,121 million at the end of 2014 and $190,867 million at the end of 2013. Interest capitalized in 2014, 2013 and 2012 was $344 million, $309 million and $506 million, respectively. | ||||||||||
Asset Retirement Obligations | ||||||||||
The Corporation incurs retirement obligations for certain assets. The fair values of these obligations are recorded as liabilities on a discounted basis, which is typically at the time the assets are installed. In the estimation of fair value, the Corporation uses assumptions and judgments regarding such factors as the existence of a legal obligation for an asset retirement obligation; technical assessments of the assets; estimated amounts and timing of settlements; discount rates; and inflation rates. Asset retirement obligations incurred in the current period were Level 3 fair value measurements. The costs associated with these liabilities are capitalized as part of the related assets and depreciated as the reserves are produced. Over time, the liabilities are accreted for the change in their present value. | ||||||||||
Asset retirement obligations for downstream and chemical facilities generally become firm at the time the facilities are permanently shut down and dismantled. These obligations may include the costs of asset disposal and additional soil remediation. However, these sites have indeterminate lives based on plans for continued operations and as such, the fair value of the conditional legal obligations cannot be measured, since it is impossible to estimate the future settlement dates of such obligations. | ||||||||||
The following table summarizes the activity in the liability for asset retirement obligations: | ||||||||||
2014 | 2013 | |||||||||
(millions of dollars) | ||||||||||
Beginning balance | 12,988 | 11,973 | ||||||||
Accretion expense and other provisions | 871 | 785 | ||||||||
Reduction due to property sales | -151 | -97 | ||||||||
Payments made | -724 | -664 | ||||||||
Liabilities incurred | 122 | 603 | ||||||||
Foreign currency translation | -908 | -344 | ||||||||
Revisions | 1,226 | 732 | ||||||||
Ending balance | 13,424 | 12,988 |
Accounting_For_Suspended_Explo
Accounting For Suspended Exploratory Well Costs | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Accounting For Suspended Exploratory Well Costs [Abstract] | |||||||||
Accounting For Suspended Exploratory Well Costs | 10. Accounting for Suspended Exploratory Well Costs | ||||||||
The Corporation continues capitalization of exploratory well costs when the well has found a sufficient quantity of reserves to justify its completion as a producing well and the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. | |||||||||
The following two tables provide details of the changes in the balance of suspended exploratory well costs as well as an aging summary of those costs. | |||||||||
Change in capitalized suspended exploratory well costs: | |||||||||
2014 | 2013 | 2012 | |||||||
(millions of dollars) | |||||||||
Balance beginning at January 1 | 2,707 | 2,679 | 2,881 | ||||||
Additions pending the determination of proved reserves | 1,095 | 293 | 868 | ||||||
Charged to expense | -28 | -52 | -95 | ||||||
Reclassifications to wells, facilities and equipment based on the | |||||||||
determination of proved reserves | -160 | -107 | -631 | ||||||
Divestments/Other | -27 | -106 | -344 | ||||||
Ending balance at December 31 | 3,587 | 2,707 | 2,679 | ||||||
Ending balance attributed to equity companies included above | 645 | 13 | 3 | ||||||
Period end capitalized suspended exploratory well costs: | |||||||||
2014 | 2013 | 2012 | |||||||
(millions of dollars) | |||||||||
Capitalized for a period of one year or less | 1,095 | 293 | 866 | ||||||
Capitalized for a period of between one and five years | 1,659 | 1,705 | 1,176 | ||||||
Capitalized for a period of between five and ten years | 544 | 470 | 401 | ||||||
Capitalized for a period of greater than ten years | 289 | 239 | 236 | ||||||
Capitalized for a period greater than one year - subtotal | 2,492 | 2,414 | 1,813 | ||||||
Total | 3,587 | 2,707 | 2,679 | ||||||
Exploration activity often involves drilling multiple wells, over a number of years, to fully evaluate a project. The table below provides a numerical breakdown of the number of projects with suspended exploratory well costs which had their first capitalized well drilled in the preceding 12 months and those that have had exploratory well costs capitalized for a period greater than 12 months. | |||||||||
2014 | 2013 | 2012 | |||||||
Number of projects with first capitalized well drilled in the preceding 12 months | 8 | 8 | 10 | ||||||
Number of projects that have exploratory well costs capitalized for a period | |||||||||
of greater than 12 months | 53 | 50 | 45 | ||||||
Total | 61 | 58 | 55 | ||||||
Of the 53 projects that have exploratory well costs capitalized for a period greater than 12 months as of December 31, 2014, 15 projects have drilling in the preceding 12 months or exploratory activity planned in the next two years, while the remaining 38 projects are those with completed exploratory activity progressing toward development. The table below provides additional detail for those 38 projects, which total $1,035 million. | |||||||||
Years | |||||||||
Dec. 31, | Wells | ||||||||
Country/Project | 2014 | Drilled | Comment | ||||||
(millions of dollars) | |||||||||
Angola | |||||||||
- Kaombo Split Hub Phase 2 | 20 | 2005 - 2006 | Evaluating development plan to tie into planned production facilities. | ||||||
- Perpetua-Zinia-Acacia | 15 | 2008 - 2009 | Oil field near Pazflor development, awaiting capacity in existing/planned infrastructure. | ||||||
Australia | |||||||||
- East Pilchard | 8 | 2001 | Gas field near Kipper/Tuna development, awaiting capacity in existing/planned | ||||||
infrastructure. | |||||||||
- SE Longtom | 12 | 2010 | Gas field near Tuna development, awaiting capacity in existing/planned infrastructure. | ||||||
- SE Remora | 38 | 2010 | Gas field near Marlin development, awaiting capacity in existing/planned infrastructure. | ||||||
Indonesia | |||||||||
- Alas Tua West | 16 | 2010 | Evaluating development plan to tie into planned production facilities. | ||||||
- Cepu Gas | 28 | 2008 - 2011 | Development activity under way, while continuing commercial discussions with the | ||||||
government. | |||||||||
- Kedung Keris | 11 | 2011 | Evaluating development plan to tie into planned production facilities. | ||||||
- Natuna | 118 | 1981 - 1983 | Development activity under way, while continuing discussions with the government | ||||||
on contract terms pursuant to executed Heads of Agreement. | |||||||||
Kazakhstan | |||||||||
- Kairan | 53 | 2004 - 2007 | Evaluating commercialization and field development alternatives, while continuing | ||||||
discussions with the government regarding the development plan. | |||||||||
Malaysia | |||||||||
- Besar | 18 | 1992 - 2010 | Gas field off the east coast of Malaysia; progressing development plan. | ||||||
- Bindu | 2 | 1995 | Awaiting capacity in existing/planned infrastructure. | ||||||
Nigeria | |||||||||
- Bolia | 15 | 2002 - 2006 | Evaluating development plan, while continuing discussions with the government | ||||||
regarding regional hub strategy. | |||||||||
- Bosi | 79 | 2002 - 2006 | Development activity under way, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
- Bosi Central | 16 | 2006 | Development activity under way, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
- Erha Northeast | 26 | 2008 | Evaluating development plan for tieback to existing production facilities. | ||||||
- Owowo | 50 | 2009 - 2012 | Continuing discussions with the government regarding contract terms. | ||||||
- Pegi | 32 | 2009 | Awaiting capacity in existing/planned infrastructure. | ||||||
- Satellite Field | 12 | 2013 | Evaluating development plan to tie into planned production facilities. | ||||||
Development Phase 2 | |||||||||
- Other (4 projects) | 14 | 2002 | Evaluating and pursuing development of several additional discoveries. | ||||||
Norway | |||||||||
- Gamma | 15 | 2008 - 2009 | Evaluating development plan for tieback to existing production facilities. | ||||||
- Lavrans | 18 | 1995 - 1999 | Evaluating development plan, awaiting capacity in existing Kristin production facility. | ||||||
- Other (7 projects) | 29 | 2008 - 2013 | Evaluating development plans, including potential for tieback to existing production | ||||||
facilities. | |||||||||
Papua New Guinea | |||||||||
- Juha | 28 | 2007 | Progressing development plans to tie into existing LNG facilities. | ||||||
- P'nyang | 58 | 2012 | Evaluating development alternatives to tie into existing/planned infrastructure. | ||||||
Republic of Congo | |||||||||
- Mer Tres Profonde Sud | 56 | 2000 - 2007 | Evaluating development alternatives, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
United Kingdom | |||||||||
- Phyllis | 8 | 2004 | Evaluating development plan for tieback to existing production facilities. | ||||||
United States | |||||||||
- Hadrian North | 209 | 2010 - 2013 | Evaluating development plan to tie into existing production facilities. | ||||||
- Tip Top | 31 | 2009 | Evaluating development concept and requisite facility upgrades. | ||||||
Total 2014 (38 projects) | 1,035 |
Leased_Facilities
Leased Facilities | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Leased Facilities [Abstract] | ||||||||||
Leased Facilities | 11. Leased Facilities | |||||||||
At December 31, 2014, the Corporation and its consolidated subsidiaries held noncancelable operating charters and leases covering drilling equipment, tankers, service stations and other properties with minimum undiscounted lease commitments totaling $6,213 million as indicated in the table. Estimated related rental income from noncancelable subleases is $70 million. | ||||||||||
Related | ||||||||||
Lease Payments | Sublease | |||||||||
Under Minimum | Rental | |||||||||
Commitments | Income | |||||||||
(millions of dollars) | ||||||||||
2015 | 2,034 | 31 | ||||||||
2016 | 1,379 | 7 | ||||||||
2017 | 774 | 6 | ||||||||
2018 | 418 | 3 | ||||||||
2019 | 312 | 3 | ||||||||
2020 and beyond | 1,296 | 20 | ||||||||
Total | 6,213 | 70 | ||||||||
Net rental cost under both cancelable and noncancelable operating leases incurred during 2014, 2013 and 2012 were as follows: | ||||||||||
2014 | 2013 | 2012 | ||||||||
(millions of dollars) | ||||||||||
Rental cost | 4,077 | 3,841 | 3,851 | |||||||
Less sublease rental income | 52 | 44 | 44 | |||||||
Net rental cost | 4,025 | 3,797 | 3,807 |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Earnings Per Share [Abstract] | |||||||
Earnings Per Share | 12. Earnings Per Share | ||||||
2014 | 2013 | 2012 | |||||
Earnings per common share | |||||||
Net income attributable to ExxonMobil (millions of dollars) | 32,520 | 32,580 | 44,880 | ||||
Weighted average number of common shares outstanding (millions of shares) | 4,282 | 4,419 | 4,628 | ||||
Earnings per common share (dollars) (1) | 7.6 | 7.37 | 9.7 | ||||
Dividends paid per common share (dollars) | 2.7 | 2.46 | 2.18 | ||||
(1) The earnings per common share and earnings per common share - assuming dilution are the same in each period shown. |
Financial_Instruments_And_Deri
Financial Instruments And Derivatives | 12 Months Ended |
Dec. 31, 2014 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments And Derivatives | 13. Financial Instruments and Derivatives |
Financial Instruments. The fair value of financial instruments is determined by reference to observable market data and other valuation techniques as appropriate. The only category of financial instruments where the difference between fair value and recorded book value is notable is long-term debt. The estimated fair value of total long-term debt, excluding capitalized lease obligations, was $11.7 billion and $6.8 billion at December 31, 2014, and 2013, respectively, as compared to recorded book values of $11.3 billion and $6.5 billion at December 31, 2014, and 2013, respectively. The increase in the estimated fair value and book value of long-term debt reflects the Corporation’s issuance of $5,500 million of long-term debt in the first quarter of 2014. | |
The fair value of long-term debt by hierarchy level at December 31, 2014, is: Level 1 $11,036 million; Level 2 $561 million; and Level 3 $63 million. | |
Derivative Instruments. The Corporation’s size, strong capital structure, geographic diversity and the complementary nature of the Upstream, Downstream and Chemical businesses reduce the Corporation’s enterprise-wide risk from changes in interest rates, currency rates and commodity prices. As a result, the Corporation makes limited use of derivatives to mitigate the impact of such changes. The Corporation does not engage in speculative derivative activities or derivative trading activities nor does it use derivatives with leveraged features. When the Corporation does enter into derivative transactions, it is to offset exposures associated with interest rates, foreign currency exchange rates and hydrocarbon prices that arise from existing assets, liabilities and forecasted transactions. | |
The estimated fair value of derivative instruments outstanding and recorded on the balance sheet was a net asset of $75 million at year-end 2014 and a net asset of $1 million at year-end 2013. Assets and liabilities associated with derivatives are usually recorded either in “Other current assets” or “Accounts payable and accrued liabilities.” | |
The Corporation’s fair value measurement of its derivative instruments use either Level 1 or Level 2 inputs. | |
The Corporation recognized a before-tax gain or (loss) related to derivative instruments of $110 million, $(7) million and $(23) million during 2014, 2013 and 2012, respectively. Income statement effects associated with derivatives are usually recorded either in “Sales and other operating revenue” or “Crude oil and product purchases.” | |
The Corporation believes there are no material market or credit risks to the Corporation’s financial position, results of operations or liquidity as a result of the derivative activities described above. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Long-Term Debt [Abstract] | |||||||||
Long-Term Debt | 14. Long-Term Debt | ||||||||
At December 31, 2014, long-term debt consisted of $11,341 million due in U.S. dollars and $312 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $770 million, which matures within one year and is included in current liabilities. The increase in the book value of long-term debt reflects the Corporation’s issuance of $5,500 million of long-term debt in the first quarter of 2014. The amounts of long-term debt maturing in each of the four years after December 31, 2015, in millions of dollars, are: 2016 – $537; 2017 – $2,993; 2018 – $872; and 2019 – $2,353. At December 31, 2014, the Corporation’s unused long-term credit lines were $0.5 billion. | |||||||||
Summarized long-term debt at year-end 2014 and 2013 are shown in the table below: | |||||||||
2014 | 2013 | ||||||||
(millions of dollars) | |||||||||
Exxon Mobil Corporation | |||||||||
0.921% notes due 2017 | 1,500 | - | |||||||
Floating-rate notes due 2017 (1) | 750 | - | |||||||
1.819% notes due 2019 | 1,750 | - | |||||||
Floating-rate notes due 2019 (2) | 500 | - | |||||||
3.176% notes due 2024 | 1,000 | - | |||||||
XTO Energy Inc. (3) | |||||||||
5.000% senior notes due 2015 | - | 132 | |||||||
5.300% senior notes due 2015 | - | 243 | |||||||
5.650% senior notes due 2016 | 207 | 212 | |||||||
6.250% senior notes due 2017 | 477 | 489 | |||||||
5.500% senior notes due 2018 | 383 | 389 | |||||||
6.500% senior notes due 2018 | 474 | 485 | |||||||
6.100% senior notes due 2036 | 199 | 200 | |||||||
6.750% senior notes due 2037 | 309 | 312 | |||||||
6.375% senior notes due 2038 | 236 | 238 | |||||||
Mobil Producing Nigeria Unlimited (4) | |||||||||
Variable notes due 2015-2019 | 399 | 742 | |||||||
Esso (Thailand) Public Company Ltd. (5) | |||||||||
Variable notes due 2015-2019 | 121 | 177 | |||||||
Mobil Corporation | |||||||||
8.625% debentures due 2021 | 249 | 249 | |||||||
Industrial revenue bonds due 2015-2051 (6) | 2,611 | 2,527 | |||||||
Other U.S. dollar obligations (7) | 104 | 112 | |||||||
Other foreign currency obligations | 9 | 9 | |||||||
Capitalized lease obligations (8) | 375 | 375 | |||||||
Total long-term debt | 11,653 | 6,891 | |||||||
(1) Average effective interest rate of 0.3% in 2014. | |||||||||
(2) Average effective interest rate of 0.4% in 2014. | |||||||||
(3) Includes premiums of $219 million in 2014 and $271 million in 2013. | |||||||||
(4) Average effective interest rate of 4.5% in 2014 and 4.6% in 2013. | |||||||||
(5) Average effective interest rate of 2.4% in 2014 and 3.3% in 2013. | |||||||||
(6) Average effective interest rate of 0.03% in 2014 and 0.06% in 2013. | |||||||||
(7) Average effective interest rate of 4.2% in 2014 and 4.4% in 2013. | |||||||||
(8) Average imputed interest rate of 7.0% in 2014 and 7.8% in 2013. |
Incentive_Program
Incentive Program | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Incentive Program [Abstract] | |||||||
Incentive Program | 15. Incentive Program | ||||||
The 2003 Incentive Program provides for grants of stock options, stock appreciation rights (SARs), restricted stock and other forms of award. Awards may be granted to eligible employees of the Corporation and those affiliates at least 50 percent owned. Outstanding awards are subject to certain forfeiture provisions contained in the program or award instrument. Options and SARs may be granted at prices not less than 100 percent of market value on the date of grant and have a maximum life of 10 years. The maximum number of shares of stock that may be issued under the 2003 Incentive Program is 220 million. Awards that are forfeited, expire or are settled in cash, do not count against this maximum limit. The 2003 Incentive Program does not have a specified term. New awards may be made until the available shares are depleted, unless the Board terminates the plan early. At the end of 2014, remaining shares available for award under the 2003 Incentive Program were 108 million. | |||||||
Restricted Stock and Restricted Stock Units. Awards totaling 9,775 thousand, 9,729 thousand, and 10,017 thousand of restricted (nonvested) common stock and restricted (nonvested) common stock units were granted in 2014, 2013 and 2012, respectively. Compensation expense for these awards is based on the price of the stock at the date of grant and is recognized in income over the requisite service period. Shares for these awards are issued to employees from treasury stock. The units that are settled in cash are recorded as liabilities and their changes in fair value are recognized over the vesting period. During the applicable restricted periods, the shares and units may not be sold or transferred and are subject to forfeiture. The majority of the awards have graded vesting periods, with 50 percent of the shares and units in each award vesting after three years and the remaining 50 percent vesting after seven years. Awards granted to a small number of senior executives have vesting periods of five years for 50 percent of the award and of 10 years or retirement, whichever occurs later, for the remaining 50 percent of the award. | |||||||
The Corporation has purchased shares in the open market and through negotiated transactions to offset shares issued in conjunction with benefit plans and programs. Purchases may be discontinued at any time without prior notice. | |||||||
The following tables summarize information about restricted stock and restricted stock units for the year ended December 31, 2014. | |||||||
2014 | |||||||
Weighted Average | |||||||
Grant-Date | |||||||
Restricted stock and units outstanding | Shares | Fair Value per Share | |||||
(thousands) | (dollars) | ||||||
Issued and outstanding at January 1 | 45,207 | 78.29 | |||||
2013 award issued in 2014 | 9,705 | 94.47 | |||||
Vested | -10,286 | 79.89 | |||||
Forfeited | -187 | 78.89 | |||||
Issued and outstanding at December 31 | 44,439 | 81.45 | |||||
Value of restricted stock and units | 2014 | 2013 | 2012 | ||||
Grant price (dollars) | 95.2 | 94.47 | 87.24 | ||||
Value at date of grant: | (millions of dollars) | ||||||
Restricted stock and units settled in stock | 858 | 843 | 797 | ||||
Units settled in cash | 73 | 76 | 77 | ||||
Total value | 931 | 919 | 874 | ||||
As of December 31, 2014, there was $2,339 million of unrecognized compensation cost related to the nonvested restricted awards. This cost is expected to be recognized over a weighted-average period of 4.5 years. The compensation cost charged against income for the restricted stock and restricted stock units was $831 million, $854 million and $854 million for 2014, 2013 and 2012, respectively. The income tax benefit recognized in income related to this compensation expense was $76 million, $78 million and $79 million for the same periods, respectively. The fair value of shares and units vested in 2014, 2013 and 2012 was $946 million, $1,040 million and $926 million, respectively. Cash payments of $73 million, $67 million and $66 million for vested restricted stock units settled in cash were made in 2014, 2013 and 2012, respectively. |
Litigation_And_Other_Contingen
Litigation And Other Contingencies | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Litigation And Other Contingencies [Abstract] | |||||||||||
Litigation And Other Contingencies | 16. Litigation and Other Contingencies | ||||||||||
Litigation. A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures, “significant” includes material matters as well as other matters which management believes should be disclosed. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a material adverse effect upon the Corporation’s operations, financial condition, or financial statements taken as a whole. | |||||||||||
Other Contingencies. The Corporation and certain of its consolidated subsidiaries were contingently liable at December 31, 2014, for guarantees relating to notes, loans and performance under contracts. Where guarantees for environmental remediation and other similar matters do not include a stated cap, the amounts reflect management’s estimate of the maximum potential exposure. | |||||||||||
Dec. 31, 2014 | |||||||||||
Equity Company | Other Third-Party | ||||||||||
Obligations (1) | Obligations | Total | |||||||||
(millions of dollars) | |||||||||||
Guarantees | |||||||||||
Debt-related | 3,506 | 41 | 3,547 | ||||||||
Other | 2,920 | 3,982 | 6,902 | ||||||||
Total | 6,426 | 4,023 | 10,449 | ||||||||
(1) ExxonMobil share. | |||||||||||
The debt-related guarantees shown above include a $3.4 billion completion guarantee provided to lenders in support of the project financing for the Papua New Guinea Liquefied Natural Gas project. On February 4, 2015, the obligations under this guarantee were terminated per the terms of the loan agreement. | |||||||||||
Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s operations or financial condition. Unconditional purchase obligations as defined by accounting standards are those long-term commitments that are noncancelable or cancelable only under certain conditions, and that third parties have used to secure financing for the facilities that will provide the contracted goods or services. | |||||||||||
Payments Due by Period | |||||||||||
2016- | 2020 and | ||||||||||
2015 | 2019 | Beyond | Total | ||||||||
(millions of dollars) | |||||||||||
Unconditional purchase obligations (1) | 150 | 608 | 337 | 1,095 | |||||||
(1) Undiscounted obligations of $1,095 million mainly pertain to pipeline throughput agreements and include $433 million of obligations to equity companies. The present value of these commitments, which excludes imputed interest of $168 million, totaled $927 million. | |||||||||||
In accordance with a nationalization decree issued by Venezuela’s president in February 2007, by May 1, 2007, a subsidiary of the Venezuelan National Oil Company (PdVSA) assumed the operatorship of the Cerro Negro Heavy Oil Project. This Project had been operated and owned by ExxonMobil affiliates holding a 41.67 percent ownership interest in the Project. The decree also required conversion of the Cerro Negro Project into a “mixed enterprise” and an increase in PdVSA’s or one of its affiliate’s ownership interest in the Project, with the stipulation that if ExxonMobil refused to accept the terms for the formation of the mixed enterprise within a specified period of time, the government would “directly assume the activities” carried out by the joint venture. ExxonMobil refused to accede to the terms proffered by the government, and on June 27, 2007, the government expropriated ExxonMobil’s 41.67 percent interest in the Cerro Negro Project. | |||||||||||
On September 6, 2007, affiliates of ExxonMobil filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes (ICSID) invoking ICSID jurisdiction under Venezuela’s Investment Law and the Netherlands-Venezuela Bilateral Investment Treaty. The ICSID Tribunal issued a decision on June 10, 2010, finding that it had jurisdiction to proceed on the basis of the Netherlands-Venezuela Bilateral Investment Treaty. On October 9, 2014, the ICSID Tribunal issued its final award finding in favor of the ExxonMobil affiliates and awarding $1.6 billion as of the date of expropriation, June 27, 2007, and interest from that date at 3.25% compounded annually until the date of payment in full. The Tribunal also noted that one of the Cerro Negro Project agreements provides a mechanism to prevent double recovery between the ICSID award and all or part of an earlier award of $908 million to an ExxonMobil affiliate, Mobil Cerro Negro, Ltd., against PdVSA and a PdVSA affiliate, PdVSA CN, in an arbitration under the rules of the International Chamber of Commerce (ICC). Following the favorable ICSID decision in the fourth quarter of 2014, ExxonMobil recognized earnings of $269 million, net of the remaining asset value, for the proceeds received from the earlier ICC award. | |||||||||||
Judgment was entered on the ICSID award by the United States District Court for the Southern District of New York on October 10, 2014. A motion to vacate that judgment on procedural grounds was filed by the Republic of Venezuela on October 14, 2014, which was denied by the court. Thereafter, the Republic of Venezuela filed a motion to modify the judgment by reducing the rate of interest to be paid on the ICSID award from the entry of the court’s judgment, until the date of payment. | |||||||||||
On October 23, 2014, the Republic of Venezuela filed with ICSID an application to revise the ICSID award such that it requires repayment of the value of the ICC award to PdVSA at the same time as payment is made to the ExxonMobil affiliates for the ICSID award and that provision be made for interest on the amount to be repaid. Thereafter, pursuant to ICSID arbitration rules, the ICSID award was stayed pending further action of the Tribunal. On October 27, 2014, ExxonMobil filed a response with ICSID that contests the application for revision of that award on both factual and jurisdictional grounds. On February 2, 2015, the Republic of Venezuela filed an application to annul the ICSID award. The application alleges that, in issuing the ICSID award, the Tribunal exceeded its powers, failed to state reasons on which the ICSID award was based, and departed from a fundamental rule of procedure. Upon registration of the application with ICSID on February 9, 2015, a further stay of the ICSID award was entered. | |||||||||||
The federal court in New York has stayed its judgment until such time as the stays of the ICSID award entered following the Government of Venezuela’s filing of its two applications have been lifted. The net impact of these matters on the Corporation’s consolidated financial results cannot be reasonably estimated. Regardless, the Corporation does not expect the resolution to have a material effect upon the Corporation’s operations or financial condition. | |||||||||||
An affiliate of ExxonMobil is one of the Contractors under a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) covering the Erha block located in the offshore waters of Nigeria. ExxonMobil's affiliate is the operator of the block and owns a 56.25 percent interest under the PSC. The Contractors are in dispute with NNPC regarding NNPC's lifting of crude oil in excess of its entitlement under the terms of the PSC. In accordance with the terms of the PSC, the Contractors initiated arbitration in Abuja, Nigeria, under the Nigerian Arbitration and Conciliation Act. On October 24, 2011, a three-member arbitral Tribunal issued an award upholding the Contractors' position in all material respects and awarding damages to the Contractors jointly in an amount of approximately $1.8 billion plus $234 million in accrued interest. The Contractors petitioned a Nigerian federal court for enforcement of the award, and NNPC petitioned the same court to have the award set aside. On May 22, 2012, the court set aside the award. The Contractors have appealed that judgment. In June 2013, the Contractors filed a lawsuit against NNPC in the Nigerian federal high court in order to preserve their ability to seek enforcement of the PSC in the courts if necessary. In October 2014, the Contractors filed suit in the United States District Court for the Southern District of New York to enforce, if necessary, the arbitration award against NNPC assets residing within that jurisdiction. At this time, the net impact of this matter on the Corporation's consolidated financial results cannot be reasonably estimated. However, regardless of the outcome of enforcement proceedings, the Corporation does not expect the proceedings to have a material effect upon the Corporation's operations or financial condition. |
Pension_And_Other_Postretireme
Pension And Other Postretirement Benefits | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Pension And Other Postretirement Benefits [Abstract] | |||||||||||||||||||||||||
Pension And Other Postretirement Benefits | 17. Pension and Other Postretirement Benefits | ||||||||||||||||||||||||
The benefit obligations and plan assets associated with the Corporation’s principal benefit plans are measured on December 31. | |||||||||||||||||||||||||
Pension Benefits | Other Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(percent) | |||||||||||||||||||||||||
Weighted-average assumptions used to determine | |||||||||||||||||||||||||
benefit obligations at December 31 | |||||||||||||||||||||||||
Discount rate | 4 | 5 | 3.1 | 4.3 | 4 | 5 | |||||||||||||||||||
Long-term rate of compensation increase | 5.75 | 5.75 | 5.3 | 5.4 | 5.75 | 5.75 | |||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Change in benefit obligation | |||||||||||||||||||||||||
Benefit obligation at January 1 | 17,304 | 19,779 | 27,357 | 28,670 | 7,868 | 9,058 | |||||||||||||||||||
Service cost | 677 | 801 | 590 | 697 | 140 | 176 | |||||||||||||||||||
Interest cost | 807 | 749 | 1,138 | 1,076 | 383 | 352 | |||||||||||||||||||
Actuarial loss/(gain) | 3,192 | -1,520 | 4,929 | -1,454 | 1,522 | -1,267 | |||||||||||||||||||
Benefits paid (1) (2) | -1,427 | -2,520 | -1,366 | -1,311 | -525 | -511 | |||||||||||||||||||
Foreign exchange rate changes | - | - | -2,540 | -284 | -48 | -43 | |||||||||||||||||||
Amendments, divestments and other | -24 | 15 | -61 | -37 | 96 | 103 | |||||||||||||||||||
Benefit obligation at December 31 | 20,529 | 17,304 | 30,047 | 27,357 | 9,436 | 7,868 | |||||||||||||||||||
Accumulated benefit obligation at December 31 | 16,385 | 13,989 | 26,318 | 23,949 | - | - | |||||||||||||||||||
(1) Benefit payments for funded and unfunded plans. | |||||||||||||||||||||||||
(2) For 2014 and 2013, other postretirement benefits paid are net of $21 million and $20 million of Medicare subsidy receipts, respectively. | |||||||||||||||||||||||||
For selection of the discount rate for U.S. plans, several sources of information are considered, including interest rate market indicators and the discount rate determined by use of a yield curve based on high-quality, noncallable bonds with cash flows that match estimated outflows for benefit payments. For major non-U.S. plans, the discount rate is determined by using bond portfolios with an average maturity approximating that of the liabilities or spot yield curves, both of which are constructed using high-quality, local-currency-denominated bonds. | |||||||||||||||||||||||||
The measurement of the accumulated postretirement benefit obligation assumes a health care cost trend rate of 4.5 percent in 2016 and subsequent years. A one-percentage-point increase in the health care cost trend rate would increase service and interest cost by $91 million and the postretirement benefit obligation by $1,070 million. A one-percentage-point decrease in the health care cost trend rate would decrease service and interest cost by $69 million and the postretirement benefit obligation by $844 million. | |||||||||||||||||||||||||
Pension Benefits | Other Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Change in plan assets | |||||||||||||||||||||||||
Fair value at January 1 | 11,190 | 12,632 | 19,283 | 18,090 | 620 | 581 | |||||||||||||||||||
Actual return on plan assets | 1,497 | 617 | 3,153 | 1,604 | 41 | 64 | |||||||||||||||||||
Foreign exchange rate changes | - | - | -1,738 | -270 | - | - | |||||||||||||||||||
Company contribution | 1,476 | 101 | 554 | 919 | 31 | 35 | |||||||||||||||||||
Benefits paid (1) | -1,248 | -2,171 | -912 | -869 | -224 | -60 | |||||||||||||||||||
Other | - | 11 | -245 | -191 | - | - | |||||||||||||||||||
Fair value at December 31 | 12,915 | 11,190 | 20,095 | 19,283 | 468 | 620 | |||||||||||||||||||
(1) Benefit payments for funded plans. | |||||||||||||||||||||||||
The funding levels of all qualified pension plans are in compliance with standards set by applicable law or regulation. As shown in the table below, certain smaller U.S. pension plans and a number of non-U.S. pension plans are not funded because local tax conventions and regulatory practices do not encourage funding of these plans. All defined benefit pension obligations, regardless of the funding status of the underlying plans, are fully supported by the financial strength of the Corporation or the respective sponsoring affiliate. | |||||||||||||||||||||||||
Pension Benefits | |||||||||||||||||||||||||
U.S. | Non-U.S. | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Assets in excess of/(less than) benefit obligation | |||||||||||||||||||||||||
Balance at December 31 | |||||||||||||||||||||||||
Funded plans | -4,590 | -3,547 | -2,113 | -941 | |||||||||||||||||||||
Unfunded plans | -3,024 | -2,567 | -7,839 | -7,133 | |||||||||||||||||||||
Total | -7,614 | -6,114 | -9,952 | -8,074 | |||||||||||||||||||||
The authoritative guidance for defined benefit pension and other postretirement plans requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through other comprehensive income. | |||||||||||||||||||||||||
Pension Benefits | Other Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Assets in excess of/(less than) benefit obligation | |||||||||||||||||||||||||
Balance at December 31 (1) | -7,614 | -6,114 | -9,952 | -8,074 | -8,968 | -7,248 | |||||||||||||||||||
Amounts recorded in the consolidated balance | |||||||||||||||||||||||||
sheet consist of: | |||||||||||||||||||||||||
Other assets | - | 1 | 302 | 201 | - | - | |||||||||||||||||||
Current liabilities | -340 | -275 | -325 | -358 | -369 | -359 | |||||||||||||||||||
Postretirement benefits reserves | -7,274 | -5,840 | -9,929 | -7,917 | -8,599 | -6,889 | |||||||||||||||||||
Total recorded | -7,614 | -6,114 | -9,952 | -8,074 | -8,968 | -7,248 | |||||||||||||||||||
Amounts recorded in accumulated other | |||||||||||||||||||||||||
comprehensive income consist of: | |||||||||||||||||||||||||
Net actuarial loss/(gain) | 6,589 | 4,780 | 9,642 | 7,943 | 2,997 | 1,603 | |||||||||||||||||||
Prior service cost | 27 | 60 | 429 | 665 | 51 | 65 | |||||||||||||||||||
Total recorded in accumulated other | |||||||||||||||||||||||||
comprehensive income | 6,616 | 4,840 | 10,071 | 8,608 | 3,048 | 1,668 | |||||||||||||||||||
(1) Fair value of assets less benefit obligation shown on the preceding page. | |||||||||||||||||||||||||
The long-term expected rate of return on funded assets shown below is established for each benefit plan by developing a forward-looking, long-term return assumption for each asset class, taking into account factors such as the expected real return for the specific asset class and inflation. A single, long-term rate of return is then calculated as the weighted average of the target asset allocation percentages and the long-term return assumption for each asset class. | |||||||||||||||||||||||||
Other | |||||||||||||||||||||||||
Pension Benefits | Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2012 | 2014 | 2013 | 2012 | 2014 | 2013 | 2012 | |||||||||||||||||
Weighted-average assumptions used to | |||||||||||||||||||||||||
determine net periodic benefit cost for | |||||||||||||||||||||||||
years ended December 31 | (percent) | ||||||||||||||||||||||||
Discount rate | 5 | 4 | 5 | 4.3 | 3.8 | 4 | 5 | 4 | 5 | ||||||||||||||||
Long-term rate of return on funded assets | 7.25 | 7.25 | 7.25 | 6.3 | 6.4 | 6.6 | 7.25 | 7.25 | 7.25 | ||||||||||||||||
Long-term rate of compensation increase | 5.75 | 5.75 | 5.75 | 5.4 | 5.5 | 5.4 | 5.75 | 5.75 | 5.75 | ||||||||||||||||
Components of net periodic benefit cost | (millions of dollars) | ||||||||||||||||||||||||
Service cost | 677 | 801 | 665 | 590 | 697 | 648 | 140 | 176 | 134 | ||||||||||||||||
Interest cost | 807 | 749 | 820 | 1,138 | 1,076 | 1,145 | 383 | 352 | 380 | ||||||||||||||||
Expected return on plan assets | -799 | -835 | -789 | -1,193 | -1,128 | -1,109 | -37 | -41 | -38 | ||||||||||||||||
Amortization of actuarial loss/(gain) | 409 | 646 | 576 | 628 | 852 | 844 | 116 | 228 | 170 | ||||||||||||||||
Amortization of prior service cost | 8 | 7 | 7 | 120 | 117 | 117 | 14 | 21 | 34 | ||||||||||||||||
Net pension enhancement and | |||||||||||||||||||||||||
curtailment/settlement cost (1) | 276 | 723 | 333 | - | 22 | 1,540 | - | - | - | ||||||||||||||||
Net periodic benefit cost | 1,378 | 2,091 | 1,612 | 1,283 | 1,636 | 3,185 | 616 | 736 | 680 | ||||||||||||||||
-1 | Non-U.S. net pension enhancement and curtailment/settlement cost for 2012 includes $1,420 million (on a consolidated-company, before-tax basis) of accumulated other comprehensive income for the postretirement benefit reserves adjustment that was recycled into earnings and included in the Japan restructuring gain reported in “Other income”. | ||||||||||||||||||||||||
Changes in amounts recorded in accumulated | |||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss/(gain) | 2,494 | -1,302 | 1,885 | 2,969 | -1,938 | 1,906 | 1,518 | -1,290 | 1,008 | ||||||||||||||||
Amortization of actuarial (loss)/gain | -685 | -1,369 | -909 | -628 | -874 | -2,384 | -116 | -228 | -170 | ||||||||||||||||
Prior service cost/(credit) | -25 | - | - | -70 | 30 | 71 | - | - | - | ||||||||||||||||
Amortization of prior service (cost)/credit | -8 | -7 | -7 | -120 | -117 | -117 | -14 | -21 | -34 | ||||||||||||||||
Foreign exchange rate changes | - | - | - | -688 | -155 | 271 | -8 | -10 | 3 | ||||||||||||||||
Total recorded in other comprehensive income | 1,776 | -2,678 | 969 | 1,463 | -3,054 | -253 | 1,380 | -1,549 | 807 | ||||||||||||||||
Total recorded in net periodic benefit cost and | |||||||||||||||||||||||||
other comprehensive income, before tax | 3,154 | -587 | 2,581 | 2,746 | -1,418 | 2,932 | 1,996 | -813 | 1,487 | ||||||||||||||||
Costs for defined contribution plans were $393 million, $392 million and $382 million in 2014, 2013 and 2012, respectively. | |||||||||||||||||||||||||
A summary of the change in accumulated other comprehensive income is shown in the table below: | |||||||||||||||||||||||||
Total Pension and | |||||||||||||||||||||||||
Other Postretirement Benefits | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
(Charge)/credit to other comprehensive income, before tax | |||||||||||||||||||||||||
U.S. pension | -1,776 | 2,678 | -969 | ||||||||||||||||||||||
Non-U.S. pension | -1,463 | 3,054 | 253 | ||||||||||||||||||||||
Other postretirement benefits | -1,380 | 1,549 | -807 | ||||||||||||||||||||||
Total (charge)/credit to other comprehensive income, before tax | -4,619 | 7,281 | -1,523 | ||||||||||||||||||||||
(Charge)/credit to income tax (see Note 4) | 1,549 | -2,336 | 393 | ||||||||||||||||||||||
(Charge)/credit to investment in equity companies | -81 | 49 | -49 | ||||||||||||||||||||||
(Charge)/credit to other comprehensive income including noncontrolling | |||||||||||||||||||||||||
interests, after tax | -3,151 | 4,994 | -1,179 | ||||||||||||||||||||||
Charge/(credit) to equity of noncontrolling interests | 85 | -279 | -124 | ||||||||||||||||||||||
(Charge)/credit to other comprehensive income attributable to ExxonMobil | -3,066 | 4,715 | -1,303 | ||||||||||||||||||||||
The Corporation’s investment strategy for benefit plan assets reflects a long-term view, a careful assessment of the risks inherent in various asset classes and broad diversification to reduce the risk of the portfolio. The benefit plan assets are primarily invested in passive equity and fixed income index funds to diversify risk while minimizing costs. The equity funds hold ExxonMobil stock only to the extent necessary to replicate the relevant equity index. The fixed income funds are largely invested in high-quality corporate and government debt securities. | |||||||||||||||||||||||||
Studies are periodically conducted to establish the preferred target asset allocation percentages. The target asset allocation for the U.S. benefit plans and for the non-U.S. plans in aggregate is 40 percent equity securities and 60 percent debt securities. The equity targets for the U.S. and non-U.S. plans include an allocation to private equity partnerships that primarily focus on early-stage venture capital of 5 percent and 3 percent, respectively. | |||||||||||||||||||||||||
The fair value measurement levels are accounting terms that refer to different methods of valuing assets. The terms do not represent the relative risk or credit quality of an investment. | |||||||||||||||||||||||||
The 2014 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: | |||||||||||||||||||||||||
U.S. Pension | Non-U.S. Pension | ||||||||||||||||||||||||
Fair Value Measurement | Fair Value Measurement | ||||||||||||||||||||||||
at December 31, 2014, Using: | at December 31, 2014, Using: | ||||||||||||||||||||||||
Quoted | Quoted | ||||||||||||||||||||||||
Prices | Prices | ||||||||||||||||||||||||
in Active | Significant | in Active | Significant | ||||||||||||||||||||||
Markets for | Other | Significant | Markets for | Other | Significant | ||||||||||||||||||||
Identical | Observable | Unobservable | Identical | Observable | Unobservable | ||||||||||||||||||||
Assets | Inputs | Inputs | Assets | Inputs | Inputs | ||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 2,331 | -1 | - | 2,331 | - | 3,284 | -1 | - | 3,284 | |||||||||||||||
Non-U.S. | - | 2,144 | -1 | - | 2,144 | 229 | -2 | 3,776 | -1 | - | 4,005 | ||||||||||||||
Private equity | - | - | 562 | -3 | 562 | - | - | 535 | -3 | 535 | |||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 4,841 | -4 | - | 4,841 | - | 2,686 | -4 | - | 2,686 | |||||||||||||||
Government | - | 2,890 | -4 | - | 2,890 | 249 | -5 | 9,050 | -4 | - | 9,299 | ||||||||||||||
Asset-backed | - | 5 | -4 | - | 5 | - | 146 | -4 | - | 146 | |||||||||||||||
Real estate funds | - | - | - | - | - | - | 57 | -6 | 57 | ||||||||||||||||
Cash | - | 131 | -7 | - | 131 | 25 | 31 | -8 | - | 56 | |||||||||||||||
Total at fair value | - | 12,342 | 562 | 12,904 | 503 | 18,973 | 592 | 20,068 | |||||||||||||||||
Insurance contracts | |||||||||||||||||||||||||
at contract value | 11 | 27 | |||||||||||||||||||||||
Total plan assets | 12,915 | 20,095 | |||||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. | |||||||||||||||||||||||||
(3) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(4) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
(5) For corporate and government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. | |||||||||||||||||||||||||
(6) For real estate funds, fair value is based on appraised values developed using comparable market transactions. | |||||||||||||||||||||||||
(7) For cash balances held in the form of short-term fund units that are redeemable at the measurement date, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
(8) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
Other Postretirement | |||||||||||||||||||||||||
Fair Value Measurement | |||||||||||||||||||||||||
at December 31, 2014, Using: | |||||||||||||||||||||||||
Quoted | |||||||||||||||||||||||||
Prices | |||||||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 106 | -1 | - | 106 | ||||||||||||||||||||
Non-U.S. | - | 75 | -1 | - | 75 | ||||||||||||||||||||
Private equity | - | - | 2 | -2 | 2 | ||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 103 | -3 | - | 103 | ||||||||||||||||||||
Government | - | 171 | -3 | - | 171 | ||||||||||||||||||||
Asset-backed | - | 9 | -3 | - | 9 | ||||||||||||||||||||
Cash | - | 2 | - | 2 | |||||||||||||||||||||
Total at fair value | - | 466 | 2 | 468 | |||||||||||||||||||||
For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
The change in the fair value in 2014 of Level 3 assets that use significant unobservable inputs to measure fair value is shown in the table below: | |||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
U.S. | Non-U.S. | Postretirement | |||||||||||||||||||||||
Private | Private | Real | Private | ||||||||||||||||||||||
Equity | Equity | Estate | Equity | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Fair value at January 1 | 523 | 502 | 136 | 9 | |||||||||||||||||||||
Net realized gains/(losses) | 2 | 23 | -17 | - | |||||||||||||||||||||
Net unrealized gains/(losses) | 89 | 31 | 8 | - | |||||||||||||||||||||
Net purchases/(sales) | -52 | -21 | -70 | -7 | |||||||||||||||||||||
Fair value at December 31 | 562 | 535 | 57 | 2 | |||||||||||||||||||||
The 2013 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: | |||||||||||||||||||||||||
U.S. Pension | Non-U.S. Pension | ||||||||||||||||||||||||
Fair Value Measurement | Fair Value Measurement | ||||||||||||||||||||||||
at December 31, 2013, Using: | at December 31, 2013, Using: | ||||||||||||||||||||||||
Quoted | Quoted | ||||||||||||||||||||||||
Prices | Prices | ||||||||||||||||||||||||
in Active | Significant | in Active | Significant | ||||||||||||||||||||||
Markets for | Other | Significant | Markets for | Other | Significant | ||||||||||||||||||||
Identical | Observable | Unobservable | Identical | Observable | Unobservable | ||||||||||||||||||||
Assets | Inputs | Inputs | Assets | Inputs | Inputs | ||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 2,514 | -1 | - | 2,514 | - | 3,046 | -1 | - | 3,046 | |||||||||||||||
Non-U.S. | - | 2,622 | -1 | - | 2,622 | 294 | -2 | 5,608 | -1 | - | 5,902 | ||||||||||||||
Private equity | - | - | 523 | -3 | 523 | - | - | 502 | -3 | 502 | |||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 3,430 | -4 | - | 3,430 | - | 2,125 | -4 | - | 2,125 | |||||||||||||||
Government | - | 2,056 | -4 | - | 2,056 | 272 | -5 | 7,100 | -4 | - | 7,372 | ||||||||||||||
Asset-backed | - | 6 | -4 | - | 6 | - | 103 | -4 | - | 103 | |||||||||||||||
Real estate funds | - | - | - | - | - | - | 136 | -6 | 136 | ||||||||||||||||
Cash | - | 27 | -7 | - | 27 | 57 | 20 | -8 | - | 77 | |||||||||||||||
Total at fair value | - | 10,655 | 523 | 11,178 | 623 | 18,002 | 638 | 19,263 | |||||||||||||||||
Insurance contracts | |||||||||||||||||||||||||
at contract value | 12 | 20 | |||||||||||||||||||||||
Total plan assets | 11,190 | 19,283 | |||||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. | |||||||||||||||||||||||||
(3) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(4) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
(5) For corporate and government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. | |||||||||||||||||||||||||
(6) For real estate funds, fair value is based on appraised values developed using comparable market transactions. | |||||||||||||||||||||||||
(7) For cash balances held in the form of short-term fund units that are redeemable at the measurement date, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
(8) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
Other Postretirement | |||||||||||||||||||||||||
Fair Value Measurement | |||||||||||||||||||||||||
at December 31, 2013, Using: | |||||||||||||||||||||||||
Quoted | |||||||||||||||||||||||||
Prices | |||||||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 157 | -1 | - | 157 | ||||||||||||||||||||
Non-U.S. | - | 149 | -1 | - | 149 | ||||||||||||||||||||
Private equity | - | - | 9 | -2 | 9 | ||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 129 | -3 | - | 129 | ||||||||||||||||||||
Government | - | 168 | -3 | - | 168 | ||||||||||||||||||||
Asset-backed | - | 4 | -3 | - | 4 | ||||||||||||||||||||
Cash | - | 4 | - | 4 | |||||||||||||||||||||
Total at fair value | - | 611 | 9 | 620 | |||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(3) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
The change in the fair value in 2013 of Level 3 assets that use significant unobservable inputs to measure fair value is shown in the table below: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
U.S. | Non-U.S. | Postretirement | |||||||||||||||||||||||
Private | Private | Real | Private | ||||||||||||||||||||||
Equity | Equity | Estate | Equity | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Fair value at January 1 | 489 | 448 | 293 | 7 | |||||||||||||||||||||
Net realized gains/(losses) | -1 | 11 | -13 | - | |||||||||||||||||||||
Net unrealized gains/(losses) | 86 | 57 | 10 | 3 | |||||||||||||||||||||
Net purchases/(sales) | -51 | -14 | -154 | -1 | |||||||||||||||||||||
Fair value at December 31 | 523 | 502 | 136 | 9 | |||||||||||||||||||||
A summary of pension plans with an accumulated benefit obligation in excess of plan assets is shown in the table below: | |||||||||||||||||||||||||
Pension Benefits | |||||||||||||||||||||||||
U.S. | Non-U.S. | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
For funded pension plans with an accumulated benefit obligation | |||||||||||||||||||||||||
in excess of plan assets: | |||||||||||||||||||||||||
Projected benefit obligation | 17,505 | 14,737 | 5,031 | 891 | |||||||||||||||||||||
Accumulated benefit obligation | 14,493 | 12,342 | 4,590 | 689 | |||||||||||||||||||||
Fair value of plan assets | 12,915 | 11,189 | 3,890 | 611 | |||||||||||||||||||||
For unfunded pension plans: | |||||||||||||||||||||||||
Projected benefit obligation | 3,024 | 2,567 | 7,839 | 7,133 | |||||||||||||||||||||
Accumulated benefit obligation | 1,892 | 1,647 | 6,573 | 6,070 | |||||||||||||||||||||
Other | |||||||||||||||||||||||||
Pension Benefits | Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Estimated 2015 amortization from accumulated other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss/(gain) (1) | 1,001 | 753 | 211 | ||||||||||||||||||||||
Prior service cost (2) | 6 | 105 | 14 | ||||||||||||||||||||||
(1) The Corporation amortizes the net balance of actuarial losses/(gains) as a component of net periodic benefit cost over the average remaining service period of active plan participants. | |||||||||||||||||||||||||
(2) The Corporation amortizes prior service cost on a straight-line basis as permitted under authoritative guidance for defined benefit pension and other postretirement benefit plans. | |||||||||||||||||||||||||
Pension Benefits | Other Postretirement Benefits | ||||||||||||||||||||||||
Medicare | |||||||||||||||||||||||||
U.S. | Non-U.S. | Gross | Subsidy Receipt | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Contributions expected in 2015 | - | 560 | - | - | |||||||||||||||||||||
Benefit payments expected in: | |||||||||||||||||||||||||
2015 | 1,628 | 1,194 | 467 | 24 | |||||||||||||||||||||
2016 | 1,554 | 1,213 | 479 | 25 | |||||||||||||||||||||
2017 | 1,529 | 1,278 | 490 | 26 | |||||||||||||||||||||
2018 | 1,445 | 1,298 | 499 | 28 | |||||||||||||||||||||
2019 | 1,410 | 1,339 | 507 | 29 | |||||||||||||||||||||
2020 - 2024 | 6,714 | 6,988 | 2,613 | 172 |
Disclosures_About_Segments_And
Disclosures About Segments And Related Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Disclosures About Segments And Related Information [Abstract] | ||||||||||||||||||||
Disclosures About Segments And Related Information | 18. Disclosures about Segments and Related Information | |||||||||||||||||||
The Upstream, Downstream and Chemical functions best define the operating segments of the business that are reported separately. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment. The Upstream segment is organized and operates to explore for and produce crude oil and natural gas. The Downstream segment is organized and operates to manufacture and sell petroleum products. The Chemical segment is organized and operates to manufacture and sell petrochemicals. These segments are broadly understood across the petroleum and petrochemical industries. | ||||||||||||||||||||
These functions have been defined as the operating segments of the Corporation because they are the segments (1) that engage in business activities from which revenues are earned and expenses are incurred; (2) whose operating results are regularly reviewed by the Corporation’s chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance; and (3) for which discrete financial information is available. | ||||||||||||||||||||
Earnings after income tax include transfers at estimated market prices. | ||||||||||||||||||||
In corporate and financing activities, interest revenue relates to interest earned on cash deposits and marketable securities. Interest expense includes non-debt-related interest expense of $129 million and $202 million in 2014 and 2012, respectively. For 2013, non-debt-related interest expense was a net credit of $123 million, primarily reflecting the effect of credits from the favorable resolution of prior year tax positions. | ||||||||||||||||||||
Corporate | ||||||||||||||||||||
Upstream | Downstream | Chemical | and | Corporate | ||||||||||||||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | Financing | Total | |||||||||||||
(millions of dollars) | ||||||||||||||||||||
As of December 31, 2014 | ||||||||||||||||||||
Earnings after income tax | 5,197 | 22,351 | 1,618 | 1,427 | 2,804 | 1,511 | -2,388 | 32,520 | ||||||||||||
Earnings of equity companies included above | 1,235 | 10,859 | 29 | 82 | 186 | 1,377 | -445 | 13,323 | ||||||||||||
Sales and other operating revenue (1) | 14,826 | 22,336 | 118,771 | 199,976 | 15,115 | 23,063 | 18 | 394,105 | ||||||||||||
Intersegment revenue | 7,723 | 38,846 | 17,281 | 44,231 | 10,117 | 8,098 | 274 | - | ||||||||||||
Depreciation and depletion expense | 5,139 | 8,523 | 654 | 1,228 | 370 | 645 | 738 | 17,297 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 75 | 75 | ||||||||||||
Interest expense | 40 | 17 | 6 | 4 | - | - | 219 | 286 | ||||||||||||
Income taxes | 1,300 | 15,165 | 610 | 968 | 1,032 | 358 | -1,418 | 18,015 | ||||||||||||
Additions to property, plant and equipment | 9,098 | 19,225 | 1,050 | 1,356 | 1,564 | 564 | 1,399 | 34,256 | ||||||||||||
Investments in equity companies | 5,089 | 10,877 | 69 | 1,006 | 258 | 3,026 | -308 | 20,017 | ||||||||||||
Total assets | 92,555 | 161,033 | 18,371 | 33,299 | 8,798 | 18,449 | 16,988 | 349,493 | ||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Earnings after income tax | 4,191 | 22,650 | 2,199 | 1,250 | 2,755 | 1,073 | -1,538 | 32,580 | ||||||||||||
Earnings of equity companies included above | 1,576 | 11,627 | -460 | 22 | 189 | 1,422 | -449 | 13,927 | ||||||||||||
Sales and other operating revenue (1) | 13,712 | 25,349 | 123,802 | 218,904 | 15,295 | 23,753 | 21 | 420,836 | ||||||||||||
Intersegment revenue | 8,343 | 45,761 | 20,781 | 52,624 | 11,993 | 8,232 | 285 | - | ||||||||||||
Depreciation and depletion expense | 5,170 | 8,277 | 633 | 1,390 | 378 | 632 | 702 | 17,182 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 87 | 87 | ||||||||||||
Interest expense | 30 | 26 | 7 | 8 | 1 | - | -63 | 9 | ||||||||||||
Income taxes | 2,197 | 21,554 | 721 | 481 | 989 | 363 | -2,042 | 24,263 | ||||||||||||
Additions to property, plant and equipment | 7,480 | 26,075 | 616 | 1,072 | 840 | 272 | 1,386 | 37,741 | ||||||||||||
Investments in equity companies | 4,975 | 9,740 | 62 | 1,749 | 217 | 3,103 | -227 | 19,619 | ||||||||||||
Total assets | 88,698 | 157,465 | 19,261 | 40,661 | 7,816 | 19,659 | 13,248 | 346,808 | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Earnings after income tax | 3,925 | 25,970 | 3,575 | 9,615 | 2,220 | 1,678 | -2,103 | 44,880 | ||||||||||||
Earnings of equity companies included above | 1,759 | 11,900 | 6 | 387 | 183 | 1,267 | -492 | 15,010 | ||||||||||||
Sales and other operating revenue (1) | 11,039 | 27,673 | 125,088 | 248,959 | 14,723 | 24,003 | 24 | 451,509 | ||||||||||||
Intersegment revenue | 8,764 | 47,507 | 20,963 | 62,130 | 12,409 | 9,750 | 258 | - | ||||||||||||
Depreciation and depletion expense | 5,104 | 7,340 | 594 | 1,280 | 376 | 508 | 686 | 15,888 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 117 | 117 | ||||||||||||
Interest expense | 37 | 13 | 3 | 36 | - | -1 | 239 | 327 | ||||||||||||
Income taxes | 2,025 | 25,362 | 1,811 | 1,892 | 755 | 232 | -1,032 | 31,045 | ||||||||||||
Additions to property, plant and equipment | 9,697 | 21,769 | 480 | 1,153 | 338 | 659 | 1,083 | 35,179 | ||||||||||||
Investments in equity companies | 4,020 | 9,147 | 195 | 2,069 | 233 | 3,143 | -277 | 18,530 | ||||||||||||
Total assets | 86,146 | 140,848 | 18,451 | 40,956 | 7,238 | 18,886 | 21,270 | 333,795 | ||||||||||||
(1) Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | ||||||||||||||||||||
Geographic | ||||||||||||||||||||
Sales and other operating revenue (1) | 2014 | 2013 | 2012 | |||||||||||||||||
(millions of dollars) | ||||||||||||||||||||
United States | 148,713 | 152,820 | 150,865 | |||||||||||||||||
Non-U.S. | 245,392 | 268,016 | 300,644 | |||||||||||||||||
Total | 394,105 | 420,836 | 451,509 | |||||||||||||||||
Significant non-U.S. revenue sources include: | ||||||||||||||||||||
Canada | 36,072 | 35,924 | 34,325 | |||||||||||||||||
United Kingdom | 31,346 | 34,061 | 33,600 | |||||||||||||||||
Belgium | 20,953 | 20,973 | 23,567 | |||||||||||||||||
Italy | 18,880 | 19,273 | 18,228 | |||||||||||||||||
France | 17,639 | 18,444 | 19,601 | |||||||||||||||||
Singapore | 15,407 | 15,623 | 14,606 | |||||||||||||||||
Germany | 14,816 | 15,701 | 15,871 | |||||||||||||||||
(1) Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | ||||||||||||||||||||
Long-lived assets | 2014 | 2013 | 2012 | |||||||||||||||||
(millions of dollars) | ||||||||||||||||||||
United States | 104,000 | 98,271 | 94,336 | |||||||||||||||||
Non-U.S. | 148,668 | 145,379 | 132,613 | |||||||||||||||||
Total | 252,668 | 243,650 | 226,949 | |||||||||||||||||
Significant non-U.S. long-lived assets include: | ||||||||||||||||||||
Canada | 43,858 | 41,522 | 31,979 | |||||||||||||||||
Australia | 15,328 | 14,258 | 13,415 | |||||||||||||||||
Nigeria | 12,265 | 12,343 | 12,216 | |||||||||||||||||
Singapore | 9,620 | 9,570 | 9,700 | |||||||||||||||||
Kazakhstan | 9,138 | 8,530 | 7,785 | |||||||||||||||||
Angola | 9,057 | 8,262 | 8,238 | |||||||||||||||||
Papua New Guinea | 6,099 | 5,768 | 4,599 | |||||||||||||||||
Norway | 5,139 | 6,542 | 7,040 |
Income_SalesBased_And_Other_Ta
Income, Sales-Based And Other Taxes | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||
Income, Sales-Based And Other Taxes [Abstract] | ||||||||||||||||||||||
Income, Sales-Based And Other Taxes | 19. Income, Sales-Based and Other Taxes | |||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||
U.S. | Non-U.S. | Total | U.S. | Non-U.S. | Total | U.S. | Non-U.S. | Total | ||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Income tax expense | ||||||||||||||||||||||
Federal and non-U.S. | ||||||||||||||||||||||
Current | 1,456 | 14,755 | 16,211 | 1,073 | 22,115 | 23,188 | 1,791 | 25,650 | 27,441 | |||||||||||||
Deferred - net | 900 | 1,398 | 2,298 | -116 | 757 | 641 | 1,097 | 1,816 | 2,913 | |||||||||||||
U.S. tax on non-U.S. operations | 5 | - | 5 | 37 | - | 37 | 89 | - | 89 | |||||||||||||
Total federal and non-U.S. | 2,361 | 16,153 | 18,514 | 994 | 22,872 | 23,866 | 2,977 | 27,466 | 30,443 | |||||||||||||
State (1) | -499 | - | -499 | 397 | - | 397 | 602 | - | 602 | |||||||||||||
Total income tax expense | 1,862 | 16,153 | 18,015 | 1,391 | 22,872 | 24,263 | 3,579 | 27,466 | 31,045 | |||||||||||||
Sales-based taxes | 6,310 | 23,032 | 29,342 | 5,992 | 24,597 | 30,589 | 5,785 | 26,624 | 32,409 | |||||||||||||
All other taxes and duties | ||||||||||||||||||||||
Other taxes and duties | 378 | 31,908 | 32,286 | 955 | 32,275 | 33,230 | 1,406 | 34,152 | 35,558 | |||||||||||||
Included in production and | ||||||||||||||||||||||
manufacturing expenses | 1,454 | 1,179 | 2,633 | 1,318 | 1,182 | 2,500 | 1,242 | 1,308 | 2,550 | |||||||||||||
Included in SG&A expenses | 155 | 441 | 596 | 150 | 516 | 666 | 154 | 595 | 749 | |||||||||||||
Total other taxes and duties | 1,987 | 33,528 | 35,515 | 2,423 | 33,973 | 36,396 | 2,802 | 36,055 | 38,857 | |||||||||||||
Total | 10,159 | 72,713 | 82,872 | 9,806 | 81,442 | 91,248 | 12,166 | 90,145 | 102,311 | |||||||||||||
(1) In 2014, state taxes included a favorable adjustment of deferred taxes of approximately $830 million. | ||||||||||||||||||||||
All other taxes and duties include taxes reported in production and manufacturing and selling, general and administrative (SG&A) expenses. The above provisions for deferred income taxes include net credits of $40 million in 2014 and $310 million in 2013 and a net charge of $244 million in 2012 for the effect of changes in tax laws and rates. | ||||||||||||||||||||||
The reconciliation between income tax expense and a theoretical U.S. tax computed by applying a rate of 35 percent for 2014, 2013 and 2012 is as follows: | ||||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Income before income taxes | ||||||||||||||||||||||
United States | 9,080 | 9,746 | 11,222 | |||||||||||||||||||
Non-U.S. | 42,550 | 47,965 | 67,504 | |||||||||||||||||||
Total | 51,630 | 57,711 | 78,726 | |||||||||||||||||||
Theoretical tax | 18,071 | 20,199 | 27,554 | |||||||||||||||||||
Effect of equity method of accounting | -4,663 | -4,874 | -5,254 | |||||||||||||||||||
Non-U.S. taxes in excess of theoretical U.S. tax | 5,442 | 10,528 | 8,434 | |||||||||||||||||||
U.S. tax on non-U.S. operations | 5 | 37 | 89 | |||||||||||||||||||
State taxes, net of federal tax benefit | -324 | 258 | 391 | |||||||||||||||||||
Other | -516 | -1,885 | -169 | |||||||||||||||||||
Total income tax expense | 18,015 | 24,263 | 31,045 | |||||||||||||||||||
Effective tax rate calculation | ||||||||||||||||||||||
Income taxes | 18,015 | 24,263 | 31,045 | |||||||||||||||||||
ExxonMobil share of equity company income taxes | 5,678 | 6,061 | 5,859 | |||||||||||||||||||
Total income taxes | 23,693 | 30,324 | 36,904 | |||||||||||||||||||
Net income including noncontrolling interests | 33,615 | 33,448 | 47,681 | |||||||||||||||||||
Total income before taxes | 57,308 | 63,772 | 84,585 | |||||||||||||||||||
Effective income tax rate | 41% | 48% | 44% | |||||||||||||||||||
Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. | ||||||||||||||||||||||
Deferred tax liabilities/(assets) are comprised of the following at December 31: | ||||||||||||||||||||||
Tax effects of temporary differences for: | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Property, plant and equipment | 51,643 | 50,884 | ||||||||||||||||||||
Other liabilities | 4,359 | 3,474 | ||||||||||||||||||||
Total deferred tax liabilities | 56,002 | 54,358 | ||||||||||||||||||||
Pension and other postretirement benefits | -8,140 | -6,573 | ||||||||||||||||||||
Asset retirement obligations | -6,162 | -6,083 | ||||||||||||||||||||
Tax loss carryforwards | -4,099 | -3,393 | ||||||||||||||||||||
Other assets | -6,446 | -6,246 | ||||||||||||||||||||
Total deferred tax assets | -24,847 | -22,295 | ||||||||||||||||||||
Asset valuation allowances | 2,570 | 2,491 | ||||||||||||||||||||
Net deferred tax liabilities | 33,725 | 34,554 | ||||||||||||||||||||
In 2014, asset valuation allowances of $2,570 million increased by $79 million and included additional net provisions of $340 million and effects of foreign currency translation of $(261) million. | ||||||||||||||||||||||
Deferred income tax (assets) and liabilities are included in the balance sheet as shown below. Deferred income tax (assets) and liabilities are classified as current or long term consistent with the classification of the related temporary difference – separately by tax jurisdiction. | ||||||||||||||||||||||
Balance sheet classification | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Other current assets | -2,001 | -3,575 | ||||||||||||||||||||
Other assets, including intangibles, net | -3,955 | -2,822 | ||||||||||||||||||||
Accounts payable and accrued liabilities | 451 | 421 | ||||||||||||||||||||
Deferred income tax liabilities | 39,230 | 40,530 | ||||||||||||||||||||
Net deferred tax liabilities | 33,725 | 34,554 | ||||||||||||||||||||
The Corporation had $51 billion of indefinitely reinvested, undistributed earnings from subsidiary companies outside the U.S. Unrecognized deferred taxes on remittance of these funds are not expected to be material. | ||||||||||||||||||||||
Unrecognized Tax Benefits. The Corporation is subject to income taxation in many jurisdictions around the world. Unrecognized tax benefits reflect the difference between positions taken or expected to be taken on income tax returns and the amounts recognized in the financial statements. The following table summarizes the movement in unrecognized tax benefits: | ||||||||||||||||||||||
Gross unrecognized tax benefits | 2014 | 2013 | 2012 | |||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Balance at January 1 | 7,838 | 7,663 | 4,922 | |||||||||||||||||||
Additions based on current year's tax positions | 1,454 | 1,460 | 1,662 | |||||||||||||||||||
Additions for prior years' tax positions | 448 | 464 | 2,559 | |||||||||||||||||||
Reductions for prior years' tax positions | -532 | -249 | -535 | |||||||||||||||||||
Reductions due to lapse of the statute of limitations | -117 | -588 | -79 | |||||||||||||||||||
Settlements with tax authorities | -43 | -849 | -855 | |||||||||||||||||||
Foreign exchange effects/other | -62 | -63 | -11 | |||||||||||||||||||
Balance at December 31 | 8,986 | 7,838 | 7,663 | |||||||||||||||||||
The gross unrecognized tax benefit balances shown above are predominantly related to tax positions that would reduce the Corporation’s effective tax rate if the positions are favorably resolved. Unfavorable resolution of these tax positions generally would not increase the effective tax rate. The 2014, 2013 and 2012 changes in unrecognized tax benefits did not have a material effect on the Corporation’s net income. | ||||||||||||||||||||||
Resolution of these tax positions through negotiations with the relevant tax authorities or through litigation will take many years to complete. It is difficult to predict the timing of resolution for tax positions since such timing is not entirely within the control of the Corporation. It is reasonably possible that the total amount of unrecognized tax benefits could increase by up to 30 percent in the next 12 months, with no material impact on the Corporation’s net income. | ||||||||||||||||||||||
The following table summarizes the tax years that remain subject to examination by major tax jurisdiction: | ||||||||||||||||||||||
Country of Operation | Open Tax Years | |||||||||||||||||||||
Abu Dhabi | 2012 - 2014 | |||||||||||||||||||||
Angola | 2009 - 2014 | |||||||||||||||||||||
Australia: | 2000 - 2003 | |||||||||||||||||||||
2005 | ||||||||||||||||||||||
2008 - 2014 | ||||||||||||||||||||||
Canada | 2007 - 2014 | |||||||||||||||||||||
Equatorial Guinea | 2007 - 2014 | |||||||||||||||||||||
Malaysia | 2008 - 2014 | |||||||||||||||||||||
Nigeria | 2004 - 2014 | |||||||||||||||||||||
Norway | 2005 - 2014 | |||||||||||||||||||||
Qatar | 2008 - 2014 | |||||||||||||||||||||
Russia | 2011 - 2014 | |||||||||||||||||||||
United Kingdom | 2010 - 2014 | |||||||||||||||||||||
United States | 2006 - 2014 | |||||||||||||||||||||
The Corporation classifies interest on income tax-related balances as interest expense or interest income and classifies tax-related penalties as operating expense. | ||||||||||||||||||||||
The Corporation incurred $42 million in interest expense on income tax reserves in 2014. For 2013, the Corporation’s net interest expense was a credit of $207 million, reflecting the effect of credits from the favorable resolution of prior year tax positions. The Corporation incurred $46 million in interest expense in 2012. The related interest payable balances were $205 million and $156 million at December 31, 2014, and 2013, respectively. |
Summary_Of_Accounting_Policies1
Summary Of Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2014 | |
Summary Of Accounting Policies [Abstract] | |
Principles Of Consolidation | Principles of Consolidation. The Consolidated Financial Statements include the accounts of subsidiaries the Corporation controls. They also include the Corporation’s share of the undivided interest in certain upstream assets, liabilities, revenues and expenses. |
Amounts representing the Corporation’s interest in entities that it does not control, but over which it exercises significant influence, are included in “Investments, advances and long-term receivables.” The Corporation’s share of the net income of these companies is included in the Consolidated Statement of Income caption “Income from equity affiliates.” | |
Majority ownership is normally the indicator of control that is the basis on which subsidiaries are consolidated. However, certain factors may indicate that a majority-owned investment is not controlled and therefore should be accounted for using the equity method of accounting. These factors occur where the minority shareholders are granted by law or by contract substantive participating rights. These include the right to approve operating policies, expense budgets, financing and investment plans, and management compensation and succession plans. | |
The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in Accumulated Other Comprehensive Income. | |
Evidence of loss in value that might indicate impairment of investments in companies accounted for on the equity method is assessed to determine if such evidence represents a loss in value of the Corporation’s investment that is other than temporary. Examples of key indicators include a history of operating losses, negative earnings and cash flow outlook, significant downward revisions to oil and gas reserves, and the financial condition and prospects for the investee’s business segment or geographic region. If evidence of an other than temporary loss in fair value below carrying amount is determined, an impairment is recognized. In the absence of market prices for the investment, discounted cash flows are used to assess fair value. | |
Revenue Recognition | Revenue Recognition. The Corporation generally sells crude oil, natural gas and petroleum and chemical products under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments. Revenues are recognized when the products are delivered, which occurs when the customer has taken title and has assumed the risks and rewards of ownership, prices are fixed or determinable and collectibility is reasonably assured. |
Revenues from the production of natural gas properties in which the Corporation has an interest with other producers are recognized on the basis of the Corporation’s net working interest. Differences between actual production and net working interest volumes are not significant. | |
Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold. | |
Sales-Based Taxes | Sales-Based Taxes. The Corporation reports sales, excise and value-added taxes on sales transactions on a gross basis in the Consolidated Statement of Income (included in both revenues and costs). |
Derivative Instruments | Derivative Instruments. The Corporation makes limited use of derivative instruments. The Corporation does not engage in speculative derivative activities or derivative trading activities, nor does it use derivatives with leveraged features. When the Corporation does enter into derivative transactions, it is to offset exposures associated with interest rates, foreign currency exchange rates and hydrocarbon prices that arise from existing assets, liabilities and forecasted transactions. |
The gains and losses resulting from changes in the fair value of derivatives are recorded in income. In some cases, the Corporation designates derivatives as fair value hedges, in which case the gains and losses are offset in income by the gains and losses arising from changes in the fair value of the underlying hedged item. | |
Fair Value | Fair Value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Hierarchy Levels 1, 2 and 3 are terms for the priority of inputs to valuation techniques used to measure fair value. Hierarchy Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Hierarchy Level 2 inputs are inputs other than quoted prices included within Level 1 that are directly or indirectly observable for the asset or liability. Hierarchy Level 3 inputs are inputs that are not observable in the market. |
Inventories | Inventories. 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). Inventory costs include expenditures and other charges (including depreciation) directly and indirectly incurred in bringing the inventory to its existing condition and location. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory cost. Inventories of materials and supplies are valued at cost or less. |
Property, Plant And Equipment | Property, Plant and Equipment. Depreciation, depletion and amortization, based on cost less estimated salvage value of the asset, are primarily determined under either the unit-of-production method or the straight-line method, which is based on estimated asset service life taking obsolescence into consideration. Maintenance and repairs, including planned major maintenance, are expensed as incurred. Major renewals and improvements are capitalized and the assets replaced are retired. |
The Corporation uses the “successful efforts” method to account for its exploration and production activities. Under this method, costs are accumulated on a field-by-field basis. Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) are capitalized when incurred. Exploratory well costs are carried as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expense. Other exploratory expenditures, including geophysical costs and annual lease rentals, are expensed as incurred. Development costs including costs of productive wells and development dry holes are capitalized. | |
Acquisition costs of proved properties are amortized using a unit-of-production method, computed on the basis of total proved oil and gas reserves. Capitalized exploratory drilling and development costs associated with productive depletable extractive properties are amortized using unit-of-production rates based on the amount of proved developed reserves of oil, gas and other minerals that are estimated to be recoverable from existing facilities using current operating methods. Under the unit-of-production method, oil and gas volumes are considered produced once they have been measured through meters at custody transfer or sales transaction points at the outlet valve on the lease or field storage tank. | |
Production involves lifting the oil and gas to the surface and gathering, treating, field processing and field storage of the oil and gas. The production function normally terminates at the outlet valve on the lease or field production storage tank. Production costs are those incurred to operate and maintain the Corporation’s wells and related equipment and facilities and are expensed as incurred. They become part of the cost of oil and gas produced. These costs, sometimes referred to as lifting costs, include such items as labor costs to operate the wells and related equipment; repair and maintenance costs on the wells and equipment; materials, supplies and energy costs required to operate the wells and related equipment; and administrative expenses related to the production activity. | |
Proved oil and gas properties held and used by the Corporation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. | |
The Corporation estimates the future undiscounted cash flows of the affected properties to judge the recoverability of carrying amounts. Cash flows used in impairment evaluations are developed using annually updated corporate plan investment evaluation assumptions for crude oil and natural gas commodity prices, refining and chemical margins and foreign currency exchange rates. Annual volumes are based on field production profiles, which are also updated annually. Prices for other petroleum and chemical products are based on corporate plan assumptions developed annually by major region and also for investment evaluation purposes. Cash flow estimates for impairment testing exclude derivative instruments. | |
Impairment analyses are generally based on proved reserves. Where probable reserves exist, an appropriately risk-adjusted amount of these reserves may be included in the impairment evaluation. An asset group would be impaired if the undiscounted cash flows were less than its carrying value. Impairments are measured by the amount the carrying value exceeds fair value. | |
Significant unproved properties are assessed for impairment individually, and valuation allowances against the capitalized costs are recorded based on the estimated economic chance of success and the length of time that the Corporation expects to hold the properties. Properties that are not individually significant are aggregated by groups and amortized based on development risk and average holding period. The valuation allowances are reviewed at least annually. | |
Gains on sales of proved and unproved properties are only recognized when there is neither uncertainty about the recovery of costs applicable to any interest retained nor any substantial obligation for future performance by the Corporation. | |
Losses on properties sold are recognized when incurred or when the properties are held for sale and the fair value of the properties is less than the carrying value. | |
Interest costs incurred to finance expenditures during the construction phase of multiyear projects are capitalized as part of the historical cost of acquiring the constructed assets. The project construction phase commences with the development of the detailed engineering design and ends when the constructed assets are ready for their intended use. Capitalized interest costs are included in property, plant and equipment and are depreciated over the service life of the related assets. | |
Asset Retirement Obligations And Environmental Liabilities | Asset Retirement Obligations and Environmental Liabilities. The Corporation incurs retirement obligations for certain assets. The fair values of these obligations are recorded as liabilities on a discounted basis, which is typically at the time the assets are installed. The costs associated with these liabilities are capitalized as part of the related assets and depreciated. Over time, the liabilities are accreted for the change in their present value. |
Liabilities for environmental costs are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. These liabilities are not reduced by possible recoveries from third parties and projected cash expenditures are not discounted. | |
Foreign Currency Translation | Foreign Currency Translation. The Corporation selects the functional reporting currency for its international subsidiaries based on the currency of the primary economic environment in which each subsidiary operates. |
Downstream and Chemical operations primarily use the local currency. However, the U.S. dollar is used in countries with a history of high inflation (primarily in Latin America) and Singapore, which predominantly sells into the U.S. dollar export market. Upstream operations which are relatively self-contained and integrated within a particular country, such as Canada, the United Kingdom, Norway and continental Europe, use the local currency. Some Upstream operations, primarily in Asia and Africa, use the U.S. dollar because they predominantly sell crude and natural gas production into U.S. dollar-denominated markets. | |
For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income. | |
Stock-Based Payments | Stock-Based Payments. The Corporation awards stock-based compensation to employees in the form of restricted stock and restricted stock units. Compensation expense is measured by the price of the stock at the date of grant and is recognized in income over the requisite service period. |
Miscellaneous_Financial_Inform1
Miscellaneous Financial Information (Tables) | 12 Months Ended | |||||
Dec. 31, 2014 | ||||||
Miscellaneous Financial Information [Abstract] | ||||||
Crude Oil, Products And Merchandise | 2014 | 2013 | ||||
(billions of dollars) | ||||||
Petroleum products | 4.1 | 3.9 | ||||
Crude oil | 4.6 | 4.7 | ||||
Chemical products | 2.9 | 2.9 | ||||
Gas/other | 0.8 | 0.6 | ||||
Total | 12.4 | 12.1 |
Other_Comprehensive_Income_Inf1
Other Comprehensive Income Information (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Other Comprehensive Income Information [Abstract] | ||||||||||||||
Schedule Of Accumulated Other Comprehensive Income Information | Cumulative | Post- | ||||||||||||
Foreign | retirement | Unrealized | ||||||||||||
Exchange | Benefits | Change in | ||||||||||||
ExxonMobil Share of Accumulated Other | Translation | Reserves | Stock | |||||||||||
Comprehensive Income | Adjustment | Adjustment | Investments | Total | ||||||||||
(millions of dollars) | ||||||||||||||
Balance as of December 31, 2011 | 4,168 | -13,291 | - | -9,123 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | 842 | -3,402 | - | -2,560 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | -2,600 | 2,099 | - | -501 | ||||||||||
Total change in accumulated other comprehensive income | -1,758 | -1,303 | - | -3,061 | ||||||||||
Balance as of December 31, 2012 | 2,410 | -14,594 | - | -12,184 | ||||||||||
Balance as of December 31, 2012 | 2,410 | -14,594 | - | -12,184 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | -3,233 | 2,963 | - | -270 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | -23 | 1,752 | - | 1,729 | ||||||||||
Total change in accumulated other comprehensive income | -3,256 | 4,715 | - | 1,459 | ||||||||||
Balance as of December 31, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||
Balance as of December 31, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||
Current period change excluding amounts reclassified | ||||||||||||||
from accumulated other comprehensive income | -5,258 | -4,132 | -63 | -9,453 | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||
comprehensive income | 152 | 1,066 | 3 | 1,221 | ||||||||||
Total change in accumulated other comprehensive income | -5,106 | -3,066 | -60 | -8,232 | ||||||||||
Balance as of December 31, 2014 | -5,952 | -12,945 | -60 | -18,957 | ||||||||||
Reclassification Out Of Accumulated Other Comprehensive Income | Amounts Reclassified Out of Accumulated Other | |||||||||||||
Comprehensive Income - Before-tax Income/(Expense) | 2014 | 2013 | 2012 | |||||||||||
(millions of dollars) | ||||||||||||||
Foreign exchange translation gain/(loss) included in net income | ||||||||||||||
(Statement of Income line: Other income) | -152 | 23 | 4,352 | |||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||
adjustment included in net periodic benefit costs (1) | -1,571 | -2,616 | -3,621 | |||||||||||
Realized change in fair value of stock investments included in net income | ||||||||||||||
(Statement of Income line: Other income) | -5 | - | - | |||||||||||
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 17 – Pension and Other Postretirement Benefits for additional details.) | ||||||||||||||
Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income | Income Tax (Expense)/Credit For | |||||||||||||
Components of Other Comprehensive Income | 2014 | 2013 | 2012 | |||||||||||
(millions of dollars) | ||||||||||||||
Foreign exchange translation adjustment | 292 | 218 | -236 | |||||||||||
Postretirement benefits reserves adjustment (excluding amortization) | 2,009 | -1,540 | 1,619 | |||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||
adjustment included in net periodic benefit costs | -460 | -796 | -1,226 | |||||||||||
Unrealized change in fair value of stock investments | 34 | - | - | |||||||||||
Realized change in fair value of stock investments included in net income | -2 | - | - | |||||||||||
Total | 1,873 | -2,118 | 157 |
Cash_Flow_Information_Tables
Cash Flow Information (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Cash Flow Information [Abstract] | |||||||
Cash payments for interest and income taxes | 2014 | 2013 | 2012 | ||||
(millions of dollars) | |||||||
Cash payments for interest | 380 | 426 | 555 | ||||
Cash payments for income taxes | 18,085 | 25,066 | 24,349 |
Additional_Working_Capital_Inf1
Additional Working Capital Information (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Additional Working Capital Information [Abstract] | |||||||
Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, And Accrued Liabilities | Dec. 31 | Dec. 31 | |||||
2014 | 2013 | ||||||
(millions of dollars) | |||||||
Notes and accounts receivable | |||||||
Trade, less reserves of $113 million and $112 million | 18,541 | 25,993 | |||||
Other, less reserves of $48 million and $28 million | 9,468 | 7,159 | |||||
Total | 28,009 | 33,152 | |||||
Notes and loans payable | |||||||
Bank loans | 473 | 723 | |||||
Commercial paper | 16,225 | 14,051 | |||||
Long-term debt due within one year | 770 | 1,034 | |||||
Total | 17,468 | 15,808 | |||||
Accounts payable and accrued liabilities | |||||||
Trade payables | 25,286 | 30,920 | |||||
Payables to equity companies | 6,589 | 6,587 | |||||
Accrued taxes other than income taxes | 3,290 | 3,883 | |||||
Other | 7,062 | 6,695 | |||||
Total | 42,227 | 48,085 |
Equity_Company_Information_Tab
Equity Company Information (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Equity Company Information [Abstract] | ||||||||||||||
Schedule Of Equity Company Financial Summary | 2014 | 2013 | 2012 | |||||||||||
Equity Company | ExxonMobil | ExxonMobil | ExxonMobil | |||||||||||
Financial Summary | Total | Share | Total | Share | Total | Share | ||||||||
(millions of dollars) | ||||||||||||||
Total revenues | 183,708 | 55,855 | 236,161 | 68,084 | 224,953 | 67,572 | ||||||||
Income before income taxes | 65,549 | 19,014 | 69,454 | 19,999 | 69,411 | 20,882 | ||||||||
Income taxes | 20,520 | 5,684 | 21,618 | 6,069 | 20,703 | 5,868 | ||||||||
Income from equity affiliates | 45,029 | 13,330 | 47,836 | 13,930 | 48,708 | 15,014 | ||||||||
Current assets | 49,905 | 16,802 | 62,398 | 19,545 | 59,612 | 18,483 | ||||||||
Long-term assets | 110,754 | 33,619 | 116,450 | 35,695 | 111,131 | 33,798 | ||||||||
Total assets | 160,659 | 50,421 | 178,848 | 55,240 | 170,743 | 52,281 | ||||||||
Current liabilities | 37,333 | 11,472 | 54,550 | 15,243 | 49,698 | 14,265 | ||||||||
Long-term liabilities | 66,231 | 19,470 | 68,857 | 20,873 | 68,855 | 19,715 | ||||||||
Net assets | 57,095 | 19,479 | 55,441 | 19,124 | 52,190 | 18,301 | ||||||||
Schedule Of The Corporation's Percentage Ownership Interest | Percentage | |||||||||||||
Ownership | ||||||||||||||
Interest | ||||||||||||||
Upstream | ||||||||||||||
Aera Energy LLC | 48 | |||||||||||||
BEB Erdgas und Erdoel GmbH & Co. KG | 50 | |||||||||||||
Cameroon Oil Transportation Company S.A. | 41 | |||||||||||||
Cross Timbers Energy, LLC | 50 | |||||||||||||
Golden Pass LNG Terminal LLC | 18 | |||||||||||||
Karmorneftegaz Holding SARL | 33 | |||||||||||||
Marine Well Containment Company LLC | 10 | |||||||||||||
Nederlandse Aardolie Maatschappij B.V. | 50 | |||||||||||||
Qatar Liquefied Gas Company Limited | 10 | |||||||||||||
Qatar Liquefied Gas Company Limited (2) | 24 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited | 25 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited (II) | 31 | |||||||||||||
Ras Laffan Liquefied Natural Gas Company Limited (3) | 30 | |||||||||||||
South Hook LNG Terminal Company Limited | 24 | |||||||||||||
Tengizchevroil, LLP | 25 | |||||||||||||
Terminale GNL Adriatico S.r.l. | 71 | |||||||||||||
Downstream | ||||||||||||||
Chalmette Refining, LLC | 50 | |||||||||||||
Fujian Refining & Petrochemical Co. Ltd. | 25 | |||||||||||||
Saudi Aramco Mobil Refinery Company Ltd. | 50 | |||||||||||||
Chemical | ||||||||||||||
Al-Jubail Petrochemical Company | 50 | |||||||||||||
Infineum Holdings B.V. | 50 | |||||||||||||
Infineum USA L.P. | 50 | |||||||||||||
Saudi Yanbu Petrochemical Co. | 50 |
Investments_Advances_And_LongT1
Investments, Advances And Long-Term Receivables (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Investments, Advances And Long-Term Receivables [Abstract] | |||||||
Schedule Of Investments, Advances And Long-Term Receivables | Dec. 31, | Dec. 31, | |||||
2014 | 2013 | ||||||
(millions of dollars) | |||||||
Companies carried at equity in underlying assets | |||||||
Investments | 20,017 | 19,619 | |||||
Advances | 9,818 | 10,476 | |||||
Total equity company investments and advances | 29,835 | 30,095 | |||||
Companies carried at cost or less and stock investments carried at fair value | 526 | 115 | |||||
Long-term receivables and miscellaneous investments at cost or less, net of reserves | |||||||
of $2,662 million and $2,938 million | 4,878 | 6,118 | |||||
Total | 35,239 | 36,328 |
Property_Plant_And_Equipment_A1
Property, Plant And Equipment And Asset Retirement Obligations (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | ||||||||||
Property, Plant And Equipment | 31-Dec-14 | 31-Dec-13 | ||||||||
Property, Plant and Equipment | Cost | Net | Cost | Net | ||||||
(millions of dollars) | ||||||||||
Upstream | 347,170 | 205,308 | 336,359 | 197,554 | ||||||
Downstream | 53,327 | 22,639 | 54,456 | 23,219 | ||||||
Chemical | 30,717 | 14,918 | 29,487 | 13,965 | ||||||
Other | 15,575 | 9,803 | 14,215 | 8,912 | ||||||
Total | 446,789 | 252,668 | 434,517 | 243,650 | ||||||
Asset Retirement Obligations | 2014 | 2013 | ||||||||
(millions of dollars) | ||||||||||
Beginning balance | 12,988 | 11,973 | ||||||||
Accretion expense and other provisions | 871 | 785 | ||||||||
Reduction due to property sales | -151 | -97 | ||||||||
Payments made | -724 | -664 | ||||||||
Liabilities incurred | 122 | 603 | ||||||||
Foreign currency translation | -908 | -344 | ||||||||
Revisions | 1,226 | 732 | ||||||||
Ending balance | 13,424 | 12,988 |
Accounting_For_Suspended_Explo1
Accounting For Suspended Exploratory Well Costs (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Accounting For Suspended Exploratory Well Costs [Abstract] | |||||||||
Change In Capitalized Suspended Exploratory Well Costs | 2014 | 2013 | 2012 | ||||||
(millions of dollars) | |||||||||
Balance beginning at January 1 | 2,707 | 2,679 | 2,881 | ||||||
Additions pending the determination of proved reserves | 1,095 | 293 | 868 | ||||||
Charged to expense | -28 | -52 | -95 | ||||||
Reclassifications to wells, facilities and equipment based on the | |||||||||
determination of proved reserves | -160 | -107 | -631 | ||||||
Divestments/Other | -27 | -106 | -344 | ||||||
Ending balance at December 31 | 3,587 | 2,707 | 2,679 | ||||||
Ending balance attributed to equity companies included above | 645 | 13 | 3 | ||||||
Period End Capitalized Suspended Exploratory Well Costs | 2014 | 2013 | 2012 | ||||||
(millions of dollars) | |||||||||
Capitalized for a period of one year or less | 1,095 | 293 | 866 | ||||||
Capitalized for a period of between one and five years | 1,659 | 1,705 | 1,176 | ||||||
Capitalized for a period of between five and ten years | 544 | 470 | 401 | ||||||
Capitalized for a period of greater than ten years | 289 | 239 | 236 | ||||||
Capitalized for a period greater than one year - subtotal | 2,492 | 2,414 | 1,813 | ||||||
Total | 3,587 | 2,707 | 2,679 | ||||||
Number Of Projects With Suspended Exploratory Well Costs | 2014 | 2013 | 2012 | ||||||
Number of projects with first capitalized well drilled in the preceding 12 months | 8 | 8 | 10 | ||||||
Number of projects that have exploratory well costs capitalized for a period | |||||||||
of greater than 12 months | 53 | 50 | 45 | ||||||
Total | 61 | 58 | 55 | ||||||
Additional Detail For The 38 Projects With Completed Exploratory Activity Progressing Toward Development | Years | ||||||||
Dec. 31, | Wells | ||||||||
Country/Project | 2014 | Drilled | Comment | ||||||
(millions of dollars) | |||||||||
Angola | |||||||||
- Kaombo Split Hub Phase 2 | 20 | 2005 - 2006 | Evaluating development plan to tie into planned production facilities. | ||||||
- Perpetua-Zinia-Acacia | 15 | 2008 - 2009 | Oil field near Pazflor development, awaiting capacity in existing/planned infrastructure. | ||||||
Australia | |||||||||
- East Pilchard | 8 | 2001 | Gas field near Kipper/Tuna development, awaiting capacity in existing/planned | ||||||
infrastructure. | |||||||||
- SE Longtom | 12 | 2010 | Gas field near Tuna development, awaiting capacity in existing/planned infrastructure. | ||||||
- SE Remora | 38 | 2010 | Gas field near Marlin development, awaiting capacity in existing/planned infrastructure. | ||||||
Indonesia | |||||||||
- Alas Tua West | 16 | 2010 | Evaluating development plan to tie into planned production facilities. | ||||||
- Cepu Gas | 28 | 2008 - 2011 | Development activity under way, while continuing commercial discussions with the | ||||||
government. | |||||||||
- Kedung Keris | 11 | 2011 | Evaluating development plan to tie into planned production facilities. | ||||||
- Natuna | 118 | 1981 - 1983 | Development activity under way, while continuing discussions with the government | ||||||
on contract terms pursuant to executed Heads of Agreement. | |||||||||
Kazakhstan | |||||||||
- Kairan | 53 | 2004 - 2007 | Evaluating commercialization and field development alternatives, while continuing | ||||||
discussions with the government regarding the development plan. | |||||||||
Malaysia | |||||||||
- Besar | 18 | 1992 - 2010 | Gas field off the east coast of Malaysia; progressing development plan. | ||||||
- Bindu | 2 | 1995 | Awaiting capacity in existing/planned infrastructure. | ||||||
Nigeria | |||||||||
- Bolia | 15 | 2002 - 2006 | Evaluating development plan, while continuing discussions with the government | ||||||
regarding regional hub strategy. | |||||||||
- Bosi | 79 | 2002 - 2006 | Development activity under way, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
- Bosi Central | 16 | 2006 | Development activity under way, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
- Erha Northeast | 26 | 2008 | Evaluating development plan for tieback to existing production facilities. | ||||||
- Owowo | 50 | 2009 - 2012 | Continuing discussions with the government regarding contract terms. | ||||||
- Pegi | 32 | 2009 | Awaiting capacity in existing/planned infrastructure. | ||||||
- Satellite Field | 12 | 2013 | Evaluating development plan to tie into planned production facilities. | ||||||
Development Phase 2 | |||||||||
- Other (4 projects) | 14 | 2002 | Evaluating and pursuing development of several additional discoveries. | ||||||
Norway | |||||||||
- Gamma | 15 | 2008 - 2009 | Evaluating development plan for tieback to existing production facilities. | ||||||
- Lavrans | 18 | 1995 - 1999 | Evaluating development plan, awaiting capacity in existing Kristin production facility. | ||||||
- Other (7 projects) | 29 | 2008 - 2013 | Evaluating development plans, including potential for tieback to existing production | ||||||
facilities. | |||||||||
Papua New Guinea | |||||||||
- Juha | 28 | 2007 | Progressing development plans to tie into existing LNG facilities. | ||||||
- P'nyang | 58 | 2012 | Evaluating development alternatives to tie into existing/planned infrastructure. | ||||||
Republic of Congo | |||||||||
- Mer Tres Profonde Sud | 56 | 2000 - 2007 | Evaluating development alternatives, while continuing discussions with the government | ||||||
regarding development plan. | |||||||||
United Kingdom | |||||||||
- Phyllis | 8 | 2004 | Evaluating development plan for tieback to existing production facilities. | ||||||
United States | |||||||||
- Hadrian North | 209 | 2010 - 2013 | Evaluating development plan to tie into existing production facilities. | ||||||
- Tip Top | 31 | 2009 | Evaluating development concept and requisite facility upgrades. | ||||||
Total 2014 (38 projects) | 1,035 |
Leased_Facilities_Tables
Leased Facilities (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Leased Facilities [Abstract] | ||||||||||
Leased Facilities | Related | |||||||||
Lease Payments | Sublease | |||||||||
Under Minimum | Rental | |||||||||
Commitments | Income | |||||||||
(millions of dollars) | ||||||||||
2015 | 2,034 | 31 | ||||||||
2016 | 1,379 | 7 | ||||||||
2017 | 774 | 6 | ||||||||
2018 | 418 | 3 | ||||||||
2019 | 312 | 3 | ||||||||
2020 and beyond | 1,296 | 20 | ||||||||
Total | 6,213 | 70 | ||||||||
Net Rental Cost | 2014 | 2013 | 2012 | |||||||
(millions of dollars) | ||||||||||
Rental cost | 4,077 | 3,841 | 3,851 | |||||||
Less sublease rental income | 52 | 44 | 44 | |||||||
Net rental cost | 4,025 | 3,797 | 3,807 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Earnings Per Share [Abstract] | |||||||
Earnings Per Share Computation | 2014 | 2013 | 2012 | ||||
Earnings per common share | |||||||
Net income attributable to ExxonMobil (millions of dollars) | 32,520 | 32,580 | 44,880 | ||||
Weighted average number of common shares outstanding (millions of shares) | 4,282 | 4,419 | 4,628 | ||||
Earnings per common share (dollars) (1) | 7.6 | 7.37 | 9.7 | ||||
Dividends paid per common share (dollars) | 2.7 | 2.46 | 2.18 | ||||
(1) The earnings per common share and earnings per common share - assuming dilution are the same in each period shown. |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Long-Term Debt [Abstract] | |||||||||
Summarized Long-Term Debt | 2014 | 2013 | |||||||
(millions of dollars) | |||||||||
Exxon Mobil Corporation | |||||||||
0.921% notes due 2017 | 1,500 | - | |||||||
Floating-rate notes due 2017 (1) | 750 | - | |||||||
1.819% notes due 2019 | 1,750 | - | |||||||
Floating-rate notes due 2019 (2) | 500 | - | |||||||
3.176% notes due 2024 | 1,000 | - | |||||||
XTO Energy Inc. (3) | |||||||||
5.000% senior notes due 2015 | - | 132 | |||||||
5.300% senior notes due 2015 | - | 243 | |||||||
5.650% senior notes due 2016 | 207 | 212 | |||||||
6.250% senior notes due 2017 | 477 | 489 | |||||||
5.500% senior notes due 2018 | 383 | 389 | |||||||
6.500% senior notes due 2018 | 474 | 485 | |||||||
6.100% senior notes due 2036 | 199 | 200 | |||||||
6.750% senior notes due 2037 | 309 | 312 | |||||||
6.375% senior notes due 2038 | 236 | 238 | |||||||
Mobil Producing Nigeria Unlimited (4) | |||||||||
Variable notes due 2015-2019 | 399 | 742 | |||||||
Esso (Thailand) Public Company Ltd. (5) | |||||||||
Variable notes due 2015-2019 | 121 | 177 | |||||||
Mobil Corporation | |||||||||
8.625% debentures due 2021 | 249 | 249 | |||||||
Industrial revenue bonds due 2015-2051 (6) | 2,611 | 2,527 | |||||||
Other U.S. dollar obligations (7) | 104 | 112 | |||||||
Other foreign currency obligations | 9 | 9 | |||||||
Capitalized lease obligations (8) | 375 | 375 | |||||||
Total long-term debt | 11,653 | 6,891 | |||||||
(1) Average effective interest rate of 0.3% in 2014. | |||||||||
(2) Average effective interest rate of 0.4% in 2014. | |||||||||
(3) Includes premiums of $219 million in 2014 and $271 million in 2013. | |||||||||
(4) Average effective interest rate of 4.5% in 2014 and 4.6% in 2013. | |||||||||
(5) Average effective interest rate of 2.4% in 2014 and 3.3% in 2013. | |||||||||
(6) Average effective interest rate of 0.03% in 2014 and 0.06% in 2013. | |||||||||
(7) Average effective interest rate of 4.2% in 2014 and 4.4% in 2013. | |||||||||
(8) Average imputed interest rate of 7.0% in 2014 and 7.8% in 2013. |
Incentive_Program_Tables
Incentive Program (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Incentive Program [Abstract] | |||||||
Summary Of Restricted Stock And Units Outstanding | 2014 | ||||||
Weighted Average | |||||||
Grant-Date | |||||||
Restricted stock and units outstanding | Shares | Fair Value per Share | |||||
(thousands) | (dollars) | ||||||
Issued and outstanding at January 1 | 45,207 | 78.29 | |||||
2013 award issued in 2014 | 9,705 | 94.47 | |||||
Vested | -10,286 | 79.89 | |||||
Forfeited | -187 | 78.89 | |||||
Issued and outstanding at December 31 | 44,439 | 81.45 | |||||
Grant Value Of Restricted Stock And Units | |||||||
Value of restricted stock and units | 2014 | 2013 | 2012 | ||||
Grant price (dollars) | 95.2 | 94.47 | 87.24 | ||||
Value at date of grant: | (millions of dollars) | ||||||
Restricted stock and units settled in stock | 858 | 843 | 797 | ||||
Units settled in cash | 73 | 76 | 77 | ||||
Total value | 931 | 919 | 874 |
Litigation_And_Other_Contingen1
Litigation And Other Contingencies (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Litigation And Other Contingencies [Abstract] | |||||||||||
Schedule Of Guarantees | Dec. 31, 2014 | ||||||||||
Equity Company | Other Third-Party | ||||||||||
Obligations (1) | Obligations | Total | |||||||||
(millions of dollars) | |||||||||||
Guarantees | |||||||||||
Debt-related | 3,506 | 41 | 3,547 | ||||||||
Other | 2,920 | 3,982 | 6,902 | ||||||||
Total | 6,426 | 4,023 | 10,449 | ||||||||
(1) ExxonMobil share. | |||||||||||
Unconditional Purchase Obligations | Payments Due by Period | ||||||||||
2016- | 2020 and | ||||||||||
2015 | 2019 | Beyond | Total | ||||||||
(millions of dollars) | |||||||||||
Unconditional purchase obligations (1) | 150 | 608 | 337 | 1,095 | |||||||
(1) Undiscounted obligations of $1,095 million mainly pertain to pipeline throughput agreements and include $433 million of obligations to equity companies. The present value of these commitments, which excludes imputed interest of $168 million, totaled $927 million. |
Pension_And_Other_Postretireme1
Pension And Other Postretirement Benefits (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Pension And Other Postretirement Benefits [Abstract] | |||||||||||||||||||||||||
Change In Benefit Obligation Of Pension And Other Postretirement Benefits | Pension Benefits | Other Postretirement | |||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(percent) | |||||||||||||||||||||||||
Weighted-average assumptions used to determine | |||||||||||||||||||||||||
benefit obligations at December 31 | |||||||||||||||||||||||||
Discount rate | 4 | 5 | 3.1 | 4.3 | 4 | 5 | |||||||||||||||||||
Long-term rate of compensation increase | 5.75 | 5.75 | 5.3 | 5.4 | 5.75 | 5.75 | |||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Change in benefit obligation | |||||||||||||||||||||||||
Benefit obligation at January 1 | 17,304 | 19,779 | 27,357 | 28,670 | 7,868 | 9,058 | |||||||||||||||||||
Service cost | 677 | 801 | 590 | 697 | 140 | 176 | |||||||||||||||||||
Interest cost | 807 | 749 | 1,138 | 1,076 | 383 | 352 | |||||||||||||||||||
Actuarial loss/(gain) | 3,192 | -1,520 | 4,929 | -1,454 | 1,522 | -1,267 | |||||||||||||||||||
Benefits paid (1) (2) | -1,427 | -2,520 | -1,366 | -1,311 | -525 | -511 | |||||||||||||||||||
Foreign exchange rate changes | - | - | -2,540 | -284 | -48 | -43 | |||||||||||||||||||
Amendments, divestments and other | -24 | 15 | -61 | -37 | 96 | 103 | |||||||||||||||||||
Benefit obligation at December 31 | 20,529 | 17,304 | 30,047 | 27,357 | 9,436 | 7,868 | |||||||||||||||||||
Accumulated benefit obligation at December 31 | 16,385 | 13,989 | 26,318 | 23,949 | - | - | |||||||||||||||||||
(1) Benefit payments for funded and unfunded plans. | |||||||||||||||||||||||||
(2) For 2014 and 2013, other postretirement benefits paid are net of $21 million and $20 million of Medicare subsidy receipts, respectively. | |||||||||||||||||||||||||
Change In Plan Assets Of Pension And Other Postretirement Benefits | Pension Benefits | Other Postretirement | |||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Change in plan assets | |||||||||||||||||||||||||
Fair value at January 1 | 11,190 | 12,632 | 19,283 | 18,090 | 620 | 581 | |||||||||||||||||||
Actual return on plan assets | 1,497 | 617 | 3,153 | 1,604 | 41 | 64 | |||||||||||||||||||
Foreign exchange rate changes | - | - | -1,738 | -270 | - | - | |||||||||||||||||||
Company contribution | 1,476 | 101 | 554 | 919 | 31 | 35 | |||||||||||||||||||
Benefits paid (1) | -1,248 | -2,171 | -912 | -869 | -224 | -60 | |||||||||||||||||||
Other | - | 11 | -245 | -191 | - | - | |||||||||||||||||||
Fair value at December 31 | 12,915 | 11,190 | 20,095 | 19,283 | 468 | 620 | |||||||||||||||||||
(1) Benefit payments for funded plans. | |||||||||||||||||||||||||
Summary Of Assets In Excess Of/(Less Than) Benefit Obligation | Pension Benefits | ||||||||||||||||||||||||
U.S. | Non-U.S. | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Assets in excess of/(less than) benefit obligation | |||||||||||||||||||||||||
Balance at December 31 | |||||||||||||||||||||||||
Funded plans | -4,590 | -3,547 | -2,113 | -941 | |||||||||||||||||||||
Unfunded plans | -3,024 | -2,567 | -7,839 | -7,133 | |||||||||||||||||||||
Total | -7,614 | -6,114 | -9,952 | -8,074 | |||||||||||||||||||||
Amounts Recorded In Balance Sheet And Other Comprehensive Income | Pension Benefits | Other Postretirement | |||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Assets in excess of/(less than) benefit obligation | |||||||||||||||||||||||||
Balance at December 31 (1) | -7,614 | -6,114 | -9,952 | -8,074 | -8,968 | -7,248 | |||||||||||||||||||
Amounts recorded in the consolidated balance | |||||||||||||||||||||||||
sheet consist of: | |||||||||||||||||||||||||
Other assets | - | 1 | 302 | 201 | - | - | |||||||||||||||||||
Current liabilities | -340 | -275 | -325 | -358 | -369 | -359 | |||||||||||||||||||
Postretirement benefits reserves | -7,274 | -5,840 | -9,929 | -7,917 | -8,599 | -6,889 | |||||||||||||||||||
Total recorded | -7,614 | -6,114 | -9,952 | -8,074 | -8,968 | -7,248 | |||||||||||||||||||
Amounts recorded in accumulated other | |||||||||||||||||||||||||
comprehensive income consist of: | |||||||||||||||||||||||||
Net actuarial loss/(gain) | 6,589 | 4,780 | 9,642 | 7,943 | 2,997 | 1,603 | |||||||||||||||||||
Prior service cost | 27 | 60 | 429 | 665 | 51 | 65 | |||||||||||||||||||
Total recorded in accumulated other | |||||||||||||||||||||||||
comprehensive income | 6,616 | 4,840 | 10,071 | 8,608 | 3,048 | 1,668 | |||||||||||||||||||
(1) Fair value of assets less benefit obligation shown on the preceding page. | |||||||||||||||||||||||||
Schedule Of Assumptions, Components Of Benefit Cost And Amounts Recorded In Accumulated Other Comprehensive Income For Pension And Other Postretirement Benefits | Other | ||||||||||||||||||||||||
Pension Benefits | Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
2014 | 2013 | 2012 | 2014 | 2013 | 2012 | 2014 | 2013 | 2012 | |||||||||||||||||
Weighted-average assumptions used to | |||||||||||||||||||||||||
determine net periodic benefit cost for | |||||||||||||||||||||||||
years ended December 31 | (percent) | ||||||||||||||||||||||||
Discount rate | 5 | 4 | 5 | 4.3 | 3.8 | 4 | 5 | 4 | 5 | ||||||||||||||||
Long-term rate of return on funded assets | 7.25 | 7.25 | 7.25 | 6.3 | 6.4 | 6.6 | 7.25 | 7.25 | 7.25 | ||||||||||||||||
Long-term rate of compensation increase | 5.75 | 5.75 | 5.75 | 5.4 | 5.5 | 5.4 | 5.75 | 5.75 | 5.75 | ||||||||||||||||
Components of net periodic benefit cost | (millions of dollars) | ||||||||||||||||||||||||
Service cost | 677 | 801 | 665 | 590 | 697 | 648 | 140 | 176 | 134 | ||||||||||||||||
Interest cost | 807 | 749 | 820 | 1,138 | 1,076 | 1,145 | 383 | 352 | 380 | ||||||||||||||||
Expected return on plan assets | -799 | -835 | -789 | -1,193 | -1,128 | -1,109 | -37 | -41 | -38 | ||||||||||||||||
Amortization of actuarial loss/(gain) | 409 | 646 | 576 | 628 | 852 | 844 | 116 | 228 | 170 | ||||||||||||||||
Amortization of prior service cost | 8 | 7 | 7 | 120 | 117 | 117 | 14 | 21 | 34 | ||||||||||||||||
Net pension enhancement and | |||||||||||||||||||||||||
curtailment/settlement cost (1) | 276 | 723 | 333 | - | 22 | 1,540 | - | - | - | ||||||||||||||||
Net periodic benefit cost | 1,378 | 2,091 | 1,612 | 1,283 | 1,636 | 3,185 | 616 | 736 | 680 | ||||||||||||||||
-1 | Non-U.S. net pension enhancement and curtailment/settlement cost for 2012 includes $1,420 million (on a consolidated-company, before-tax basis) of accumulated other comprehensive income for the postretirement benefit reserves adjustment that was recycled into earnings and included in the Japan restructuring gain reported in “Other income”. | ||||||||||||||||||||||||
Changes in amounts recorded in accumulated | |||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss/(gain) | 2,494 | -1,302 | 1,885 | 2,969 | -1,938 | 1,906 | 1,518 | -1,290 | 1,008 | ||||||||||||||||
Amortization of actuarial (loss)/gain | -685 | -1,369 | -909 | -628 | -874 | -2,384 | -116 | -228 | -170 | ||||||||||||||||
Prior service cost/(credit) | -25 | - | - | -70 | 30 | 71 | - | - | - | ||||||||||||||||
Amortization of prior service (cost)/credit | -8 | -7 | -7 | -120 | -117 | -117 | -14 | -21 | -34 | ||||||||||||||||
Foreign exchange rate changes | - | - | - | -688 | -155 | 271 | -8 | -10 | 3 | ||||||||||||||||
Total recorded in other comprehensive income | 1,776 | -2,678 | 969 | 1,463 | -3,054 | -253 | 1,380 | -1,549 | 807 | ||||||||||||||||
Total recorded in net periodic benefit cost and | |||||||||||||||||||||||||
other comprehensive income, before tax | 3,154 | -587 | 2,581 | 2,746 | -1,418 | 2,932 | 1,996 | -813 | 1,487 | ||||||||||||||||
Summary Of Change In Accumulated Other Comprehensive Income | Total Pension and | ||||||||||||||||||||||||
Other Postretirement Benefits | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
(Charge)/credit to other comprehensive income, before tax | |||||||||||||||||||||||||
U.S. pension | -1,776 | 2,678 | -969 | ||||||||||||||||||||||
Non-U.S. pension | -1,463 | 3,054 | 253 | ||||||||||||||||||||||
Other postretirement benefits | -1,380 | 1,549 | -807 | ||||||||||||||||||||||
Total (charge)/credit to other comprehensive income, before tax | -4,619 | 7,281 | -1,523 | ||||||||||||||||||||||
(Charge)/credit to income tax (see Note 4) | 1,549 | -2,336 | 393 | ||||||||||||||||||||||
(Charge)/credit to investment in equity companies | -81 | 49 | -49 | ||||||||||||||||||||||
(Charge)/credit to other comprehensive income including noncontrolling | |||||||||||||||||||||||||
interests, after tax | -3,151 | 4,994 | -1,179 | ||||||||||||||||||||||
Charge/(credit) to equity of noncontrolling interests | 85 | -279 | -124 | ||||||||||||||||||||||
(Charge)/credit to other comprehensive income attributable to ExxonMobil | -3,066 | 4,715 | -1,303 | ||||||||||||||||||||||
Fair Value Of The Benefit Plan Assets (Pension) | U.S. Pension | Non-U.S. Pension | |||||||||||||||||||||||
Fair Value Measurement | Fair Value Measurement | ||||||||||||||||||||||||
at December 31, 2014, Using: | at December 31, 2014, Using: | ||||||||||||||||||||||||
Quoted | Quoted | ||||||||||||||||||||||||
Prices | Prices | ||||||||||||||||||||||||
in Active | Significant | in Active | Significant | ||||||||||||||||||||||
Markets for | Other | Significant | Markets for | Other | Significant | ||||||||||||||||||||
Identical | Observable | Unobservable | Identical | Observable | Unobservable | ||||||||||||||||||||
Assets | Inputs | Inputs | Assets | Inputs | Inputs | ||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 2,331 | -1 | - | 2,331 | - | 3,284 | -1 | - | 3,284 | |||||||||||||||
Non-U.S. | - | 2,144 | -1 | - | 2,144 | 229 | -2 | 3,776 | -1 | - | 4,005 | ||||||||||||||
Private equity | - | - | 562 | -3 | 562 | - | - | 535 | -3 | 535 | |||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 4,841 | -4 | - | 4,841 | - | 2,686 | -4 | - | 2,686 | |||||||||||||||
Government | - | 2,890 | -4 | - | 2,890 | 249 | -5 | 9,050 | -4 | - | 9,299 | ||||||||||||||
Asset-backed | - | 5 | -4 | - | 5 | - | 146 | -4 | - | 146 | |||||||||||||||
Real estate funds | - | - | - | - | - | - | 57 | -6 | 57 | ||||||||||||||||
Cash | - | 131 | -7 | - | 131 | 25 | 31 | -8 | - | 56 | |||||||||||||||
Total at fair value | - | 12,342 | 562 | 12,904 | 503 | 18,973 | 592 | 20,068 | |||||||||||||||||
Insurance contracts | |||||||||||||||||||||||||
at contract value | 11 | 27 | |||||||||||||||||||||||
Total plan assets | 12,915 | 20,095 | |||||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. | |||||||||||||||||||||||||
(3) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(4) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
(5) For corporate and government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. | |||||||||||||||||||||||||
(6) For real estate funds, fair value is based on appraised values developed using comparable market transactions. | |||||||||||||||||||||||||
(7) For cash balances held in the form of short-term fund units that are redeemable at the measurement date, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
(8) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
U.S. Pension | Non-U.S. Pension | ||||||||||||||||||||||||
Fair Value Measurement | Fair Value Measurement | ||||||||||||||||||||||||
at December 31, 2013, Using: | at December 31, 2013, Using: | ||||||||||||||||||||||||
Quoted | Quoted | ||||||||||||||||||||||||
Prices | Prices | ||||||||||||||||||||||||
in Active | Significant | in Active | Significant | ||||||||||||||||||||||
Markets for | Other | Significant | Markets for | Other | Significant | ||||||||||||||||||||
Identical | Observable | Unobservable | Identical | Observable | Unobservable | ||||||||||||||||||||
Assets | Inputs | Inputs | Assets | Inputs | Inputs | ||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 2,514 | -1 | - | 2,514 | - | 3,046 | -1 | - | 3,046 | |||||||||||||||
Non-U.S. | - | 2,622 | -1 | - | 2,622 | 294 | -2 | 5,608 | -1 | - | 5,902 | ||||||||||||||
Private equity | - | - | 523 | -3 | 523 | - | - | 502 | -3 | 502 | |||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 3,430 | -4 | - | 3,430 | - | 2,125 | -4 | - | 2,125 | |||||||||||||||
Government | - | 2,056 | -4 | - | 2,056 | 272 | -5 | 7,100 | -4 | - | 7,372 | ||||||||||||||
Asset-backed | - | 6 | -4 | - | 6 | - | 103 | -4 | - | 103 | |||||||||||||||
Real estate funds | - | - | - | - | - | - | 136 | -6 | 136 | ||||||||||||||||
Cash | - | 27 | -7 | - | 27 | 57 | 20 | -8 | - | 77 | |||||||||||||||
Total at fair value | - | 10,655 | 523 | 11,178 | 623 | 18,002 | 638 | 19,263 | |||||||||||||||||
Insurance contracts | |||||||||||||||||||||||||
at contract value | 12 | 20 | |||||||||||||||||||||||
Total plan assets | 11,190 | 19,283 | |||||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. | |||||||||||||||||||||||||
(3) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(4) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
(5) For corporate and government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. | |||||||||||||||||||||||||
(6) For real estate funds, fair value is based on appraised values developed using comparable market transactions. | |||||||||||||||||||||||||
(7) For cash balances held in the form of short-term fund units that are redeemable at the measurement date, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
(8) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. | |||||||||||||||||||||||||
Fair Value Of The Benefit Plan Assets (Other Postretirement) | Other Postretirement | ||||||||||||||||||||||||
Fair Value Measurement | |||||||||||||||||||||||||
at December 31, 2014, Using: | |||||||||||||||||||||||||
Quoted | |||||||||||||||||||||||||
Prices | |||||||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 106 | -1 | - | 106 | ||||||||||||||||||||
Non-U.S. | - | 75 | -1 | - | 75 | ||||||||||||||||||||
Private equity | - | - | 2 | -2 | 2 | ||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 103 | -3 | - | 103 | ||||||||||||||||||||
Government | - | 171 | -3 | - | 171 | ||||||||||||||||||||
Asset-backed | - | 9 | -3 | - | 9 | ||||||||||||||||||||
Cash | - | 2 | - | 2 | |||||||||||||||||||||
Total at fair value | - | 466 | 2 | 468 | |||||||||||||||||||||
For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
Other Postretirement | |||||||||||||||||||||||||
Fair Value Measurement | |||||||||||||||||||||||||
at December 31, 2013, Using: | |||||||||||||||||||||||||
Quoted | |||||||||||||||||||||||||
Prices | |||||||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Asset category: | |||||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
U.S. | - | 157 | -1 | - | 157 | ||||||||||||||||||||
Non-U.S. | - | 149 | -1 | - | 149 | ||||||||||||||||||||
Private equity | - | - | 9 | -2 | 9 | ||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
Corporate | - | 129 | -3 | - | 129 | ||||||||||||||||||||
Government | - | 168 | -3 | - | 168 | ||||||||||||||||||||
Asset-backed | - | 4 | -3 | - | 4 | ||||||||||||||||||||
Cash | - | 4 | - | 4 | |||||||||||||||||||||
Total at fair value | - | 611 | 9 | 620 | |||||||||||||||||||||
(1) For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | |||||||||||||||||||||||||
(2) For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | |||||||||||||||||||||||||
(3) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | |||||||||||||||||||||||||
Change In Fair Value Of Level 3 Assets | 2014 | ||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
U.S. | Non-U.S. | Postretirement | |||||||||||||||||||||||
Private | Private | Real | Private | ||||||||||||||||||||||
Equity | Equity | Estate | Equity | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Fair value at January 1 | 523 | 502 | 136 | 9 | |||||||||||||||||||||
Net realized gains/(losses) | 2 | 23 | -17 | - | |||||||||||||||||||||
Net unrealized gains/(losses) | 89 | 31 | 8 | - | |||||||||||||||||||||
Net purchases/(sales) | -52 | -21 | -70 | -7 | |||||||||||||||||||||
Fair value at December 31 | 562 | 535 | 57 | 2 | |||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
U.S. | Non-U.S. | Postretirement | |||||||||||||||||||||||
Private | Private | Real | Private | ||||||||||||||||||||||
Equity | Equity | Estate | Equity | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Fair value at January 1 | 489 | 448 | 293 | 7 | |||||||||||||||||||||
Net realized gains/(losses) | -1 | 11 | -13 | - | |||||||||||||||||||||
Net unrealized gains/(losses) | 86 | 57 | 10 | 3 | |||||||||||||||||||||
Net purchases/(sales) | -51 | -14 | -154 | -1 | |||||||||||||||||||||
Fair value at December 31 | 523 | 502 | 136 | 9 | |||||||||||||||||||||
Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets | Pension Benefits | ||||||||||||||||||||||||
U.S. | Non-U.S. | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
For funded pension plans with an accumulated benefit obligation | |||||||||||||||||||||||||
in excess of plan assets: | |||||||||||||||||||||||||
Projected benefit obligation | 17,505 | 14,737 | 5,031 | 891 | |||||||||||||||||||||
Accumulated benefit obligation | 14,493 | 12,342 | 4,590 | 689 | |||||||||||||||||||||
Fair value of plan assets | 12,915 | 11,189 | 3,890 | 611 | |||||||||||||||||||||
For unfunded pension plans: | |||||||||||||||||||||||||
Projected benefit obligation | 3,024 | 2,567 | 7,839 | 7,133 | |||||||||||||||||||||
Accumulated benefit obligation | 1,892 | 1,647 | 6,573 | 6,070 | |||||||||||||||||||||
Estimated Next Year Amortization | Other | ||||||||||||||||||||||||
Pension Benefits | Postretirement | ||||||||||||||||||||||||
U.S. | Non-U.S. | Benefits | |||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Estimated 2015 amortization from accumulated other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss/(gain) (1) | 1,001 | 753 | 211 | ||||||||||||||||||||||
Prior service cost (2) | 6 | 105 | 14 | ||||||||||||||||||||||
(1) The Corporation amortizes the net balance of actuarial losses/(gains) as a component of net periodic benefit cost over the average remaining service period of active plan participants. | |||||||||||||||||||||||||
(2) The Corporation amortizes prior service cost on a straight-line basis as permitted under authoritative guidance for defined benefit pension and other postretirement benefit plans. | |||||||||||||||||||||||||
Expected Contributions and Benefit Payments for Pension Benefits And Other Postretirement Benefits | Pension Benefits | Other Postretirement Benefits | |||||||||||||||||||||||
Medicare | |||||||||||||||||||||||||
U.S. | Non-U.S. | Gross | Subsidy Receipt | ||||||||||||||||||||||
(millions of dollars) | |||||||||||||||||||||||||
Contributions expected in 2015 | - | 560 | - | - | |||||||||||||||||||||
Benefit payments expected in: | |||||||||||||||||||||||||
2015 | 1,628 | 1,194 | 467 | 24 | |||||||||||||||||||||
2016 | 1,554 | 1,213 | 479 | 25 | |||||||||||||||||||||
2017 | 1,529 | 1,278 | 490 | 26 | |||||||||||||||||||||
2018 | 1,445 | 1,298 | 499 | 28 | |||||||||||||||||||||
2019 | 1,410 | 1,339 | 507 | 29 | |||||||||||||||||||||
2020 - 2024 | 6,714 | 6,988 | 2,613 | 172 |
Disclosures_About_Segments_And1
Disclosures About Segments And Related Information (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Disclosures About Segments And Related Information [Abstract] | ||||||||||||||||||||
Disclosures About Segments And Related Information | Corporate | |||||||||||||||||||
Upstream | Downstream | Chemical | and | Corporate | ||||||||||||||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | Financing | Total | |||||||||||||
(millions of dollars) | ||||||||||||||||||||
As of December 31, 2014 | ||||||||||||||||||||
Earnings after income tax | 5,197 | 22,351 | 1,618 | 1,427 | 2,804 | 1,511 | -2,388 | 32,520 | ||||||||||||
Earnings of equity companies included above | 1,235 | 10,859 | 29 | 82 | 186 | 1,377 | -445 | 13,323 | ||||||||||||
Sales and other operating revenue (1) | 14,826 | 22,336 | 118,771 | 199,976 | 15,115 | 23,063 | 18 | 394,105 | ||||||||||||
Intersegment revenue | 7,723 | 38,846 | 17,281 | 44,231 | 10,117 | 8,098 | 274 | - | ||||||||||||
Depreciation and depletion expense | 5,139 | 8,523 | 654 | 1,228 | 370 | 645 | 738 | 17,297 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 75 | 75 | ||||||||||||
Interest expense | 40 | 17 | 6 | 4 | - | - | 219 | 286 | ||||||||||||
Income taxes | 1,300 | 15,165 | 610 | 968 | 1,032 | 358 | -1,418 | 18,015 | ||||||||||||
Additions to property, plant and equipment | 9,098 | 19,225 | 1,050 | 1,356 | 1,564 | 564 | 1,399 | 34,256 | ||||||||||||
Investments in equity companies | 5,089 | 10,877 | 69 | 1,006 | 258 | 3,026 | -308 | 20,017 | ||||||||||||
Total assets | 92,555 | 161,033 | 18,371 | 33,299 | 8,798 | 18,449 | 16,988 | 349,493 | ||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Earnings after income tax | 4,191 | 22,650 | 2,199 | 1,250 | 2,755 | 1,073 | -1,538 | 32,580 | ||||||||||||
Earnings of equity companies included above | 1,576 | 11,627 | -460 | 22 | 189 | 1,422 | -449 | 13,927 | ||||||||||||
Sales and other operating revenue (1) | 13,712 | 25,349 | 123,802 | 218,904 | 15,295 | 23,753 | 21 | 420,836 | ||||||||||||
Intersegment revenue | 8,343 | 45,761 | 20,781 | 52,624 | 11,993 | 8,232 | 285 | - | ||||||||||||
Depreciation and depletion expense | 5,170 | 8,277 | 633 | 1,390 | 378 | 632 | 702 | 17,182 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 87 | 87 | ||||||||||||
Interest expense | 30 | 26 | 7 | 8 | 1 | - | -63 | 9 | ||||||||||||
Income taxes | 2,197 | 21,554 | 721 | 481 | 989 | 363 | -2,042 | 24,263 | ||||||||||||
Additions to property, plant and equipment | 7,480 | 26,075 | 616 | 1,072 | 840 | 272 | 1,386 | 37,741 | ||||||||||||
Investments in equity companies | 4,975 | 9,740 | 62 | 1,749 | 217 | 3,103 | -227 | 19,619 | ||||||||||||
Total assets | 88,698 | 157,465 | 19,261 | 40,661 | 7,816 | 19,659 | 13,248 | 346,808 | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Earnings after income tax | 3,925 | 25,970 | 3,575 | 9,615 | 2,220 | 1,678 | -2,103 | 44,880 | ||||||||||||
Earnings of equity companies included above | 1,759 | 11,900 | 6 | 387 | 183 | 1,267 | -492 | 15,010 | ||||||||||||
Sales and other operating revenue (1) | 11,039 | 27,673 | 125,088 | 248,959 | 14,723 | 24,003 | 24 | 451,509 | ||||||||||||
Intersegment revenue | 8,764 | 47,507 | 20,963 | 62,130 | 12,409 | 9,750 | 258 | - | ||||||||||||
Depreciation and depletion expense | 5,104 | 7,340 | 594 | 1,280 | 376 | 508 | 686 | 15,888 | ||||||||||||
Interest revenue | - | - | - | - | - | - | 117 | 117 | ||||||||||||
Interest expense | 37 | 13 | 3 | 36 | - | -1 | 239 | 327 | ||||||||||||
Income taxes | 2,025 | 25,362 | 1,811 | 1,892 | 755 | 232 | -1,032 | 31,045 | ||||||||||||
Additions to property, plant and equipment | 9,697 | 21,769 | 480 | 1,153 | 338 | 659 | 1,083 | 35,179 | ||||||||||||
Investments in equity companies | 4,020 | 9,147 | 195 | 2,069 | 233 | 3,143 | -277 | 18,530 | ||||||||||||
Total assets | 86,146 | 140,848 | 18,451 | 40,956 | 7,238 | 18,886 | 21,270 | 333,795 | ||||||||||||
(1) Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | ||||||||||||||||||||
Geographic Sales And Other Operating Revenue | Geographic | |||||||||||||||||||
Sales and other operating revenue (1) | 2014 | 2013 | 2012 | |||||||||||||||||
(millions of dollars) | ||||||||||||||||||||
United States | 148,713 | 152,820 | 150,865 | |||||||||||||||||
Non-U.S. | 245,392 | 268,016 | 300,644 | |||||||||||||||||
Total | 394,105 | 420,836 | 451,509 | |||||||||||||||||
Significant non-U.S. revenue sources include: | ||||||||||||||||||||
Canada | 36,072 | 35,924 | 34,325 | |||||||||||||||||
United Kingdom | 31,346 | 34,061 | 33,600 | |||||||||||||||||
Belgium | 20,953 | 20,973 | 23,567 | |||||||||||||||||
Italy | 18,880 | 19,273 | 18,228 | |||||||||||||||||
France | 17,639 | 18,444 | 19,601 | |||||||||||||||||
Singapore | 15,407 | 15,623 | 14,606 | |||||||||||||||||
Germany | 14,816 | 15,701 | 15,871 | |||||||||||||||||
(1) Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | ||||||||||||||||||||
Schedule Of Long-Lived Assets By Geographic Regions | Long-lived assets | 2014 | 2013 | 2012 | ||||||||||||||||
(millions of dollars) | ||||||||||||||||||||
United States | 104,000 | 98,271 | 94,336 | |||||||||||||||||
Non-U.S. | 148,668 | 145,379 | 132,613 | |||||||||||||||||
Total | 252,668 | 243,650 | 226,949 | |||||||||||||||||
Significant non-U.S. long-lived assets include: | ||||||||||||||||||||
Canada | 43,858 | 41,522 | 31,979 | |||||||||||||||||
Australia | 15,328 | 14,258 | 13,415 | |||||||||||||||||
Nigeria | 12,265 | 12,343 | 12,216 | |||||||||||||||||
Singapore | 9,620 | 9,570 | 9,700 | |||||||||||||||||
Kazakhstan | 9,138 | 8,530 | 7,785 | |||||||||||||||||
Angola | 9,057 | 8,262 | 8,238 | |||||||||||||||||
Papua New Guinea | 6,099 | 5,768 | 4,599 | |||||||||||||||||
Norway | 5,139 | 6,542 | 7,040 |
Income_SalesBased_And_Other_Ta1
Income, Sales-Based And Other Taxes (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||
Income, Sales-Based And Other Taxes [Abstract] | ||||||||||||||||||||||
Schedule Of Income, Sales-Based And Other Taxes | 2014 | 2013 | 2012 | |||||||||||||||||||
U.S. | Non-U.S. | Total | U.S. | Non-U.S. | Total | U.S. | Non-U.S. | Total | ||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Income tax expense | ||||||||||||||||||||||
Federal and non-U.S. | ||||||||||||||||||||||
Current | 1,456 | 14,755 | 16,211 | 1,073 | 22,115 | 23,188 | 1,791 | 25,650 | 27,441 | |||||||||||||
Deferred - net | 900 | 1,398 | 2,298 | -116 | 757 | 641 | 1,097 | 1,816 | 2,913 | |||||||||||||
U.S. tax on non-U.S. operations | 5 | - | 5 | 37 | - | 37 | 89 | - | 89 | |||||||||||||
Total federal and non-U.S. | 2,361 | 16,153 | 18,514 | 994 | 22,872 | 23,866 | 2,977 | 27,466 | 30,443 | |||||||||||||
State (1) | -499 | - | -499 | 397 | - | 397 | 602 | - | 602 | |||||||||||||
Total income tax expense | 1,862 | 16,153 | 18,015 | 1,391 | 22,872 | 24,263 | 3,579 | 27,466 | 31,045 | |||||||||||||
Sales-based taxes | 6,310 | 23,032 | 29,342 | 5,992 | 24,597 | 30,589 | 5,785 | 26,624 | 32,409 | |||||||||||||
All other taxes and duties | ||||||||||||||||||||||
Other taxes and duties | 378 | 31,908 | 32,286 | 955 | 32,275 | 33,230 | 1,406 | 34,152 | 35,558 | |||||||||||||
Included in production and | ||||||||||||||||||||||
manufacturing expenses | 1,454 | 1,179 | 2,633 | 1,318 | 1,182 | 2,500 | 1,242 | 1,308 | 2,550 | |||||||||||||
Included in SG&A expenses | 155 | 441 | 596 | 150 | 516 | 666 | 154 | 595 | 749 | |||||||||||||
Total other taxes and duties | 1,987 | 33,528 | 35,515 | 2,423 | 33,973 | 36,396 | 2,802 | 36,055 | 38,857 | |||||||||||||
Total | 10,159 | 72,713 | 82,872 | 9,806 | 81,442 | 91,248 | 12,166 | 90,145 | 102,311 | |||||||||||||
(1) In 2014, state taxes included a favorable adjustment of deferred taxes of approximately $830 million. | ||||||||||||||||||||||
Reconciliation Between Income Tax Expense And A Theoretical U.S. Tax | 2014 | 2013 | 2012 | |||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Income before income taxes | ||||||||||||||||||||||
United States | 9,080 | 9,746 | 11,222 | |||||||||||||||||||
Non-U.S. | 42,550 | 47,965 | 67,504 | |||||||||||||||||||
Total | 51,630 | 57,711 | 78,726 | |||||||||||||||||||
Theoretical tax | 18,071 | 20,199 | 27,554 | |||||||||||||||||||
Effect of equity method of accounting | -4,663 | -4,874 | -5,254 | |||||||||||||||||||
Non-U.S. taxes in excess of theoretical U.S. tax | 5,442 | 10,528 | 8,434 | |||||||||||||||||||
U.S. tax on non-U.S. operations | 5 | 37 | 89 | |||||||||||||||||||
State taxes, net of federal tax benefit | -324 | 258 | 391 | |||||||||||||||||||
Other | -516 | -1,885 | -169 | |||||||||||||||||||
Total income tax expense | 18,015 | 24,263 | 31,045 | |||||||||||||||||||
Effective tax rate calculation | ||||||||||||||||||||||
Income taxes | 18,015 | 24,263 | 31,045 | |||||||||||||||||||
ExxonMobil share of equity company income taxes | 5,678 | 6,061 | 5,859 | |||||||||||||||||||
Total income taxes | 23,693 | 30,324 | 36,904 | |||||||||||||||||||
Net income including noncontrolling interests | 33,615 | 33,448 | 47,681 | |||||||||||||||||||
Total income before taxes | 57,308 | 63,772 | 84,585 | |||||||||||||||||||
Effective income tax rate | 41% | 48% | 44% | |||||||||||||||||||
Deferred Tax Liabilities/(Assets) | Tax effects of temporary differences for: | 2014 | 2013 | |||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Property, plant and equipment | 51,643 | 50,884 | ||||||||||||||||||||
Other liabilities | 4,359 | 3,474 | ||||||||||||||||||||
Total deferred tax liabilities | 56,002 | 54,358 | ||||||||||||||||||||
Pension and other postretirement benefits | -8,140 | -6,573 | ||||||||||||||||||||
Asset retirement obligations | -6,162 | -6,083 | ||||||||||||||||||||
Tax loss carryforwards | -4,099 | -3,393 | ||||||||||||||||||||
Other assets | -6,446 | -6,246 | ||||||||||||||||||||
Total deferred tax assets | -24,847 | -22,295 | ||||||||||||||||||||
Asset valuation allowances | 2,570 | 2,491 | ||||||||||||||||||||
Net deferred tax liabilities | 33,725 | 34,554 | ||||||||||||||||||||
Deferred Income Tax (Assets) And Liabilities By Balance Sheet Classification | Balance sheet classification | 2014 | 2013 | |||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Other current assets | -2,001 | -3,575 | ||||||||||||||||||||
Other assets, including intangibles, net | -3,955 | -2,822 | ||||||||||||||||||||
Accounts payable and accrued liabilities | 451 | 421 | ||||||||||||||||||||
Deferred income tax liabilities | 39,230 | 40,530 | ||||||||||||||||||||
Net deferred tax liabilities | 33,725 | 34,554 | ||||||||||||||||||||
Unrecognized Tax Benefits | Gross unrecognized tax benefits | 2014 | 2013 | 2012 | ||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||
Balance at January 1 | 7,838 | 7,663 | 4,922 | |||||||||||||||||||
Additions based on current year's tax positions | 1,454 | 1,460 | 1,662 | |||||||||||||||||||
Additions for prior years' tax positions | 448 | 464 | 2,559 | |||||||||||||||||||
Reductions for prior years' tax positions | -532 | -249 | -535 | |||||||||||||||||||
Reductions due to lapse of the statute of limitations | -117 | -588 | -79 | |||||||||||||||||||
Settlements with tax authorities | -43 | -849 | -855 | |||||||||||||||||||
Foreign exchange effects/other | -62 | -63 | -11 | |||||||||||||||||||
Balance at December 31 | 8,986 | 7,838 | 7,663 | |||||||||||||||||||
Remaining Tax Years Subject To Examination By Major Tax Jurisdiction | Country of Operation | Open Tax Years | ||||||||||||||||||||
Abu Dhabi | 2012 - 2014 | |||||||||||||||||||||
Angola | 2009 - 2014 | |||||||||||||||||||||
Australia: | 2000 - 2003 | |||||||||||||||||||||
2005 | ||||||||||||||||||||||
2008 - 2014 | ||||||||||||||||||||||
Canada | 2007 - 2014 | |||||||||||||||||||||
Equatorial Guinea | 2007 - 2014 | |||||||||||||||||||||
Malaysia | 2008 - 2014 | |||||||||||||||||||||
Nigeria | 2004 - 2014 | |||||||||||||||||||||
Norway | 2005 - 2014 | |||||||||||||||||||||
Qatar | 2008 - 2014 | |||||||||||||||||||||
Russia | 2011 - 2014 | |||||||||||||||||||||
United Kingdom | 2010 - 2014 | |||||||||||||||||||||
United States | 2006 - 2014 |
Miscellaneous_Financial_Inform2
Miscellaneous Financial Information (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Miscellaneous Financial Information [Abstract] | |||
Research and development expense | $971,000,000 | $1,044,000,000 | $1,042,000,000 |
Foreign currency transaction gain/(loss), before tax | -225,000,000 | 155,000,000 | 159,000,000 |
Gains on combined effects of LIFO inventory accumulations and draw-downs | 187,000,000 | 282,000,000 | 328,000,000 |
Replacement cost of inventories estimated to exceed LIFO carrying values | $10,600,000,000 | $21,200,000,000 |
Miscellaneous_Financial_Inform3
Miscellaneous Financial Information (Crude Oil, Products And Merchandise) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Miscellaneous Financial Information [Abstract] | ||
Petroleum products | $4,100,000,000 | $3,900,000,000 |
Crude oil | 4,600,000,000 | 4,700,000,000 |
Chemical products | 2,900,000,000 | 2,900,000,000 |
Gas / other | 800,000,000 | 600,000,000 |
Total | $12,384,000,000 | $12,117,000,000 |
Other_Comprehensive_Income_Inf2
Other Comprehensive Income Information (Schedule of Accumulated Other Comprehensive Income Information) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | ($5,847) | ($3,620) | $920 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 152 | -23 | -4,352 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | -4,262 | 3,174 | -3,574 |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 1,111 | 1,820 | 2,395 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | -63 | ||
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 3 | ||
Beginning Balance, Total | -10,725 | ||
Total other comprehensive income | -8,906 | 1,351 | -4,611 |
Ending Balance, Total | -18,957 | -10,725 | |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | |||
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment | -846 | 2,410 | 4,168 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | -5,258 | -3,233 | 842 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 152 | -23 | -2,600 |
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | -5,106 | -3,256 | -1,758 |
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | -5,952 | -846 | 2,410 |
Beginning Balance, Postretirement Benefits Reserves Adjustment | -9,879 | -14,594 | -13,291 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | -4,132 | 2,963 | -3,402 |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 1,066 | 1,752 | 2,099 |
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | -3,066 | 4,715 | -1,303 |
Ending Balance, Postretirement Benefits Reserves Adjustment | -12,945 | -9,879 | -14,594 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | -63 | ||
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 3 | ||
Total change in accumulated other comprehensive income, Unrealized Change in Stock Investments | -60 | ||
Ending Balance, Unrealized Change in Stock Investments | -60 | ||
Beginning Balance, Total | -10,725 | -12,184 | -9,123 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | -9,453 | -270 | -2,560 |
Amounts reclassified from accumulated other comprehensive income, Total | 1,221 | 1,729 | -501 |
Total other comprehensive income | -8,232 | 1,459 | -3,061 |
Ending Balance, Total | ($18,957) | ($10,725) | ($12,184) |
Other_Comprehensive_Income_Inf3
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Accumulated Foreign Exchange Translation Adjustment [Member] | ||||||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other Income) | ($152) | $23 | $4,352 | |||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | -1,571 | [1] | -2,616 | [1] | -3,621 | [1] |
Accumulated Net Unrealized Investment Gain Loss [Member] | ||||||
Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) | ($5) | |||||
[1] | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 17 b Pension and Other Postretirement Benefits for additional details.) |
Other_Comprehensive_Income_Inf4
Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Other Comprehensive Income Information Tax [Abstract] | |||
Foreign exchange translation adjustment | $292 | $218 | ($236) |
Postretirement benefits reserves adjustment (excluding amortization) | 2,009 | -1,540 | 1,619 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | -460 | -796 | -1,226 |
Unrealized change in fair value of stock investments | 34 | ||
Realized change in fair value of stock investments included in net income | -2 | ||
Total | $1,873 | ($2,118) | $157 |
Cash_Flow_Information_Cash_Pay
Cash Flow Information (Cash Payments For Interest And Income Taxes) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Flow Information [Abstract] | |||
Cash payments for interest | $380 | $426 | $555 |
Cash payments for income taxes | 18,085 | 25,066 | 24,349 |
Asset exchanges, primarily noncash | $1,200 | $1,000 |
Additional_Working_Capital_Inf2
Additional Working Capital Information (Narrative) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Line Of Credit Facility [Line Items] | ||
Weighted-average interest rate on short-term borrowings outstanding | 0.30% | 0.40% |
Short Term Financing [Member] | ||
Line Of Credit Facility [Line Items] | ||
Unused credit lines | 6,300 |
Additional_Working_Capital_Inf3
Additional Working Capital Information (Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, Accrued Liabilities) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Additional Working Capital Information [Abstract] | ||
Trade notes and accounts receivable, less reserves of $113 million and $112 million | $18,541 | $25,993 |
Other notes and accounts receivable, less reserves of $48 million and $28 million | 9,468 | 7,159 |
Total notes and accounts receivable | 28,009 | 33,152 |
Bank loans | 473 | 723 |
Commercial paper | 16,225 | 14,051 |
Long-term debt due within one year | 770 | 1,034 |
Total notes and loans payable | 17,468 | 15,808 |
Trade payables | 25,286 | 30,920 |
Payables to equity companies | 6,589 | 6,587 |
Accrued taxes other than income taxes | 3,290 | 3,883 |
Other accounts payable and accrued liabilities | 7,062 | 6,695 |
Total accounts payable and accrued liabilities | 42,227 | 48,085 |
Trade notes and accounts receivable, reserves | 113 | 112 |
Other notes and accounts receivable, reserves | $48 | $28 |
Equity_Company_Information_Nar
Equity Company Information (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Billions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Equity Method Investments [Line Items] | |||
Share of equity company sales revenues from sales to consolidated companies | 14.00% | 13.00% | 16.00% |
Rosneft VIE Joint Venture [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Maximum Exposure to Loss from Rosneft JV's | 1 |
Equity_Company_Information_Sch
Equity Company Information (Schedule Of Equity Company Financial Summary) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Subsidiary or Equity Method Investee [Line Items] | |||
Net assets | $20,017 | $19,619 | $18,530 |
ExxonMobil Share Of Equity [Member] | |||
Subsidiary or Equity Method Investee [Line Items] | |||
Total revenues | 55,855 | 68,084 | 67,572 |
Income before income taxes | 19,014 | 19,999 | 20,882 |
Income taxes | 5,684 | 6,069 | 5,868 |
Income from equity affiliates | 13,330 | 13,930 | 15,014 |
Current assets | 16,802 | 19,545 | 18,483 |
Long-term assets | 33,619 | 35,695 | 33,798 |
Total assets | 50,421 | 55,240 | 52,281 |
Current liabilities | 11,472 | 15,243 | 14,265 |
Long-term liabilities | 19,470 | 20,873 | 19,715 |
Net assets | 19,479 | 19,124 | 18,301 |
Total Equity Company Including All Owners [Member] | |||
Subsidiary or Equity Method Investee [Line Items] | |||
Total revenues | 183,708 | 236,161 | 224,953 |
Income before income taxes | 65,549 | 69,454 | 69,411 |
Income taxes | 20,520 | 21,618 | 20,703 |
Income from equity affiliates | 45,029 | 47,836 | 48,708 |
Current assets | 49,905 | 62,398 | 59,612 |
Long-term assets | 110,754 | 116,450 | 111,131 |
Total assets | 160,659 | 178,848 | 170,743 |
Current liabilities | 37,333 | 54,550 | 49,698 |
Long-term liabilities | 66,231 | 68,857 | 68,855 |
Net assets | $57,095 | $55,441 | $52,190 |
Equity_Company_Information_Sch1
Equity Company Information (Schedule Of The Corporation's Percentage Ownership Interest) (Details) | Dec. 31, 2014 |
Upstream [Member] | Aera Energy LLC [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 48.00% |
Upstream [Member] | BEB Erdgas und Erdoel GmbH & Co. KG [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Upstream [Member] | Cameroon Oil Transportation Company S.A. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 41.00% |
Upstream [Member] | Cross Timbers Energy, LLC [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Upstream [Member] | Golden Pass LNG Terminal LLC [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 18.00% |
Upstream [Member] | Karmorneftegaz Holding SARL [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 33.00% |
Upstream [Member] | Marine Well Containment Company LLC [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 10.00% |
Upstream [Member] | Nederlandse Aardolie Maatschappij B.V. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Upstream [Member] | Qatar Liquefied Gas Company Limited [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 10.00% |
Upstream [Member] | Qatar Liquefied Gas Company Limited (2) [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 24.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 25.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited (II) [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 31.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited (3) [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 30.00% |
Upstream [Member] | South Hook LNG Terminal Company Limited [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 24.00% |
Upstream [Member] | Tengizchevroil, LLP [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 25.00% |
Upstream [Member] | Terminale GNL Adriatico S.r.l. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 71.00% |
Downstream [Member] | Chalmette Refining, LLC [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Downstream [Member] | Fujian Refining & Petrochemical Co. Ltd. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 25.00% |
Downstream [Member] | Saudi Aramco Mobil Refinery Company Ltd. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Chemical [Member] | Al-Jubail Petrochemical Company [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Chemical [Member] | Infineum Holdings B.V. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Chemical [Member] | Infineum USA L.P. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Chemical [Member] | Saudi Yanbu Petrochemical Co. [Member] | |
Subsidiary or Equity Method Investee [Line Items] | |
Percentage Ownership Interest | 50.00% |
Investments_Advances_And_LongT2
Investments, Advances And Long-Term Receivables (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | |||
Investments, Advances And Long-Term Receivables [Abstract] | |||
Investments (Companies carried at equity in underlying assets) | $20,017 | $19,619 | $18,530 |
Advances (Companies carried at equity in underlying assets) | 9,818 | 10,476 | |
Total equity company investments and advances | 29,835 | 30,095 | |
Companies carried at cost or less and stock investments carried at fair value | 526 | 115 | |
Long-term receivables and miscellaneous investments at cost or less, net of reserves of $2,662 million and $2,938 million | 4,878 | 6,118 | |
Total | 35,239 | 36,328 | |
Reserves for long-term receivables and miscellaneous investments | $2,662 | $2,938 |
Property_Plant_And_Equipment_A2
Property, Plant And Equipment And Asset Retirement Obligations (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | |||
Accumulated depreciation and depletion | $194,121 | $190,867 | |
Interest capitalized | $344 | $309 | $506 |
Downstream [Member] | Refinery And Lubes Basestock Manufacturing Facilities [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful life of equipment, years | 25 years 0 months 0 days | ||
Downstream [Member] | Service Station Buildings And Fixed Improvements [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful life of equipment, years | 20 years 0 months 0 days | ||
Chemical [Member] | Investments In Process Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful life of equipment, years | 20 years 0 months 0 days |
Property_Plant_And_Equipment_A3
Property, Plant And Equipment And Asset Retirement Obligations (Property, Plant And Equipment) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Cost | $446,789 | $434,517 | |
Property, Plant and Equipment, Net | 252,668 | 243,650 | 226,949 |
Upstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Cost | 347,170 | 336,359 | |
Property, Plant and Equipment, Net | 205,308 | 197,554 | |
Downstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Cost | 53,327 | 54,456 | |
Property, Plant and Equipment, Net | 22,639 | 23,219 | |
Chemical [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Cost | 30,717 | 29,487 | |
Property, Plant and Equipment, Net | 14,918 | 13,965 | |
Other [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment, Cost | 15,575 | 14,215 | |
Property, Plant and Equipment, Net | $9,803 | $8,912 |
Property_Plant_And_Equipment_A4
Property, Plant And Equipment And Asset Retirement Obligations (Asset Retirement Obligations) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | ||
Beginning balance | $12,988 | $11,973 |
Accretion expense and other provisions | 871 | 785 |
Reduction due to property sales | -151 | -97 |
Payments made | -724 | -664 |
Liabilities incurred | 122 | 603 |
Foreign currency translation | -908 | -344 |
Revisions | 1,226 | 732 |
Ending balance | $13,424 | $12,988 |
Accounting_For_Suspended_Explo2
Accounting For Suspended Exploratory Well Costs (Narrative) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Exploratory Wells Drilled [Line Items] | ||||
Number of projects that have exploratory well costs capitalized for a period greater than twelve months as of December 31, 2014 | 53 | 50 | 45 | |
Number of projects that have drilling in the preceding twelve months or exploratory activity planned in the next two years as of December 31, 2014 | 15 | |||
Number of projects with completed exploratory activity progressing toward development as of December 31, 2014 | 38 | |||
Capitalized exploratory well costs | $3,587 | $2,707 | $2,679 | $2,881 |
Total 38 Projects [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $1,035 |
Accounting_For_Suspended_Explo3
Accounting For Suspended Exploratory Well Costs (Change In Capitalized Suspended Exploratory Well Costs) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Accounting For Suspended Exploratory Well Costs [Abstract] | |||
Capitalized suspended exploratory well costs, beginning balance | $2,707 | $2,679 | $2,881 |
Additions pending the determination of proved reserves | 1,095 | 293 | 868 |
Charged to expense | -28 | -52 | -95 |
Reclassifications to wells, facilities and equipment based on the determination of proved reserves | -160 | -107 | -631 |
Divestments/Other | -27 | -106 | -344 |
Capitalized suspended exploratory well costs, ending balance | 3,587 | 2,707 | 2,679 |
Ending balance attributed to equity companies included above | $645 | $13 | $3 |
Accounting_For_Suspended_Explo4
Accounting For Suspended Exploratory Well Costs (Schedule Of Period End Capitalized Suspended Exploratory Well Costs) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||||
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period of one year or less | $1,095 | $293 | $866 | |
Capitalized suspended exploratory well costs, total | 3,587 | 2,707 | 2,679 | 2,881 |
Capitalized For A Period Of Between One And Five Years [Member] | ||||
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized suspended exploratory well costs | 1,659 | 1,705 | 1,176 | |
Capitalized For A Period Of Between Five And Ten Years [Member] | ||||
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized suspended exploratory well costs | 544 | 470 | 401 | |
Capitalized For A Period Of Greater Than Ten Years [Member] | ||||
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized suspended exploratory well costs | 289 | 239 | 236 | |
Capitalized For A Period Greater Than One Year [Member] | ||||
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized suspended exploratory well costs | $2,492 | $2,414 | $1,813 |
Accounting_For_Suspended_Explo5
Accounting For Suspended Exploratory Well Costs (Schedule Of Number Of Projects With Suspended Exploratory Well Costs) (Details) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Accounting For Suspended Exploratory Well Costs [Abstract] | |||
Number of projects with first capitalized well drilled in the preceding 12 months | 8 | 8 | 10 |
Number of projects that have exploratory well costs capitalized for a period of greater than 12 months | 53 | 50 | 45 |
Total | 61 | 58 | 55 |
Accounting_For_Suspended_Explo6
Accounting For Suspended Exploratory Well Costs (Schedule Of Additional Detail For The Projects) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 3,587 | $2,707 | $2,679 | $2,881 |
Total 38 Projects [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 1,035 | |||
Angola [Member] | Project In Angola - Kaombo Split Hub Phase 2[Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 20 | |||
Angola [Member] | Project In Angola - Kaombo Split Hub Phase 2[Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2005 | |||
Angola [Member] | Project In Angola - Kaombo Split Hub Phase 2[Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2006 | |||
Angola [Member] | Project In Angola - Perpetua-Zinia- Acacia [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 15 | |||
Angola [Member] | Project In Angola - Perpetua-Zinia- Acacia [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Angola [Member] | Project In Angola - Perpetua-Zinia- Acacia [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
Australia [Member] | Project In Australia - East Pilchard [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 8 | |||
Australia [Member] | Project In Australia - East Pilchard [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2001 | |||
Australia [Member] | Project In Australia - East Pilchard [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2001 | |||
Australia [Member] | Project In Australia - SE Longtom [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 12 | |||
Australia [Member] | Project In Australia - SE Longtom [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Australia [Member] | Project In Australia - SE Longtom [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Australia [Member] | Project in Australia - SE Remora [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 38 | |||
Australia [Member] | Project in Australia - SE Remora [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Australia [Member] | Project in Australia - SE Remora [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Indonesia [Member] | Project In Indonesia - Alas Tua West [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 16 | |||
Indonesia [Member] | Project In Indonesia - Alas Tua West [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Indonesia [Member] | Project In Indonesia - Alas Tua West [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Indonesia [Member] | Project In Indonesia - Cepu Gas [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 28 | |||
Indonesia [Member] | Project In Indonesia - Cepu Gas [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Indonesia [Member] | Project In Indonesia - Cepu Gas [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2011 | |||
Indonesia [Member] | Project in Indonesia - Kedung Keris [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 11 | |||
Indonesia [Member] | Project in Indonesia - Kedung Keris [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2011 | |||
Indonesia [Member] | Project in Indonesia - Kedung Keris [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2011 | |||
Indonesia [Member] | Project In Indonesia - Natuna [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 118 | |||
Indonesia [Member] | Project In Indonesia - Natuna [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1981 | |||
Indonesia [Member] | Project In Indonesia - Natuna [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1983 | |||
Kazakhstan [Member] | Project In Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 53 | |||
Kazakhstan [Member] | Project In Kazakhstan - Kairan [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2004 | |||
Kazakhstan [Member] | Project In Kazakhstan - Kairan [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2007 | |||
Malaysia [Member] | Project In Malaysia - Besar [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 18 | |||
Malaysia [Member] | Project In Malaysia - Besar [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1992 | |||
Malaysia [Member] | Project In Malaysia - Besar [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
Malaysia [Member] | Project in Malaysia - Bindu [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 2 | |||
Malaysia [Member] | Project in Malaysia - Bindu [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1995 | |||
Malaysia [Member] | Project in Malaysia - Bindu [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1995 | |||
Nigeria [Member] | Project In Nigeria - Bolia [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 15 | |||
Nigeria [Member] | Project In Nigeria - Bolia [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2002 | |||
Nigeria [Member] | Project In Nigeria - Bolia [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2006 | |||
Nigeria [Member] | Project In Nigeria - Bosi [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 79 | |||
Nigeria [Member] | Project In Nigeria - Bosi [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2002 | |||
Nigeria [Member] | Project In Nigeria - Bosi [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2006 | |||
Nigeria [Member] | Project in Nigeria - Bosi Central [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 16 | |||
Nigeria [Member] | Project in Nigeria - Bosi Central [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2006 | |||
Nigeria [Member] | Project in Nigeria - Bosi Central [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2006 | |||
Nigeria [Member] | Project in Nigeria - Erha Northeast [Member} | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 26 | |||
Nigeria [Member] | Project in Nigeria - Erha Northeast [Member} | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Nigeria [Member] | Project in Nigeria - Erha Northeast [Member} | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Nigeria [Member] | Project In Nigeria - Owowo [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 50 | |||
Nigeria [Member] | Project In Nigeria - Owowo [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
Nigeria [Member] | Project In Nigeria - Owowo [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2012 | |||
Nigeria [Member] | Project In Nigeria - Pegi [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 32 | |||
Nigeria [Member] | Project In Nigeria - Pegi [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
Nigeria [Member] | Project In Nigeria - Pegi [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
Nigeria [Member] | Project in Nigeria - Satellite Field Development Phase 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 12 | |||
Nigeria [Member] | Project in Nigeria - Satellite Field Development Phase 2 [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2013 | |||
Nigeria [Member] | Project in Nigeria - Satellite Field Development Phase 2 [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2013 | |||
Nigeria [Member] | Other 4 Projects In Nigeria [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 14 | |||
Nigeria [Member] | Other 4 Projects In Nigeria [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2002 | |||
Nigeria [Member] | Other 4 Projects In Nigeria [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2002 | |||
Norway [Member] | Project in Norway - Gamma [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 15 | |||
Norway [Member] | Project in Norway - Gamma [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Norway [Member] | Project in Norway - Gamma [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
Norway [Member] | Project In Norway - Lavrans [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 18 | |||
Norway [Member] | Project In Norway - Lavrans [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1995 | |||
Norway [Member] | Project In Norway - Lavrans [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 1999 | |||
Norway [Member] | Other 7 Projects In Norway [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 29 | |||
Norway [Member] | Other 7 Projects In Norway [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2008 | |||
Norway [Member] | Other 7 Projects In Norway [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2013 | |||
Papua New Guinea [Member] | Project In Papua New Guinea - Juha [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 28 | |||
Papua New Guinea [Member] | Project In Papua New Guinea - Juha [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2007 | |||
Papua New Guinea [Member] | Project In Papua New Guinea - Juha [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2007 | |||
Papua New Guinea [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 58 | |||
Papua New Guinea [Member] | Project in Papua New Guinea - P'nyang [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2012 | |||
Papua New Guinea [Member] | Project in Papua New Guinea - P'nyang [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2012 | |||
Republic of Congo [Member] | Project In Republic of Congo - Mer Tres Profonde Sud [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 56 | |||
Republic of Congo [Member] | Project In Republic of Congo - Mer Tres Profonde Sud [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2000 | |||
Republic of Congo [Member] | Project In Republic of Congo - Mer Tres Profonde Sud [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2007 | |||
United Kingdom [Member] | Project In United Kingdom - Phyllis [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 8 | |||
United Kingdom [Member] | Project In United Kingdom - Phyllis [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2004 | |||
United Kingdom [Member] | Project In United Kingdom - Phyllis [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2004 | |||
United States [Member] | Project In United States - Hadrian North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 209 | |||
United States [Member] | Project In United States - Hadrian North [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2010 | |||
United States [Member] | Project In United States - Hadrian North [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2013 | |||
United States [Member] | Project in United States - Tip Top [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 31 | |||
United States [Member] | Project in United States - Tip Top [Member] | Minimum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 | |||
United States [Member] | Project in United States - Tip Top [Member] | Maximum [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled, period | 2009 |
Leased_Facilities_Narrative_De
Leased Facilities (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Leased Facilities [Abstract] | |
Minimum undiscounted lease commitments | $6,213 |
Estimated related rental income from noncancelable subleases | $70 |
Leased_Facilities_Leased_Facil
Leased Facilities (Leased Facilities) (Details) (USD $) | Dec. 31, 2014 |
In Millions, unless otherwise specified | |
Leased Facilities [Abstract] | |
Lease Payments Under Minimum Commitments, 2015 | $2,034 |
Lease Payments Under Minimum Commitments, 2016 | 1,379 |
Lease Payments Under Minimum Commitments, 2017 | 774 |
Lease Payments Under Minimum Commitments, 2018 | 418 |
Lease Payments Under Minimum Commitments, 2019 | 312 |
Lease Payments Under Minimum Commitments, 2020 and beyond | 1,296 |
Lease Payments Under Minimum Commitments, Total | 6,213 |
Related Sublease Rental Income, 2015 | 31 |
Related Sublease Rental Income, 2016 | 7 |
Related Sublease Rental Income, 2017 | 6 |
Related Sublease Rental Income, 2018 | 3 |
Related Sublease Rental Income, 2019 | 3 |
Related Sublease Rental Income, 2020 and beyond | 20 |
Related Sublease Rental Income, Total | $70 |
Leased_Facilities_Net_Rental_C
Leased Facilities (Net Rental Cost) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Leased Facilities [Abstract] | |||
Rental cost | $4,077 | $3,841 | $3,851 |
Less sublease rental income | 52 | 44 | 44 |
Net rental cost | $4,025 | $3,797 | $3,807 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 12 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Earnings per common share | ||||||
Net income attributable to ExxonMobil | $32,520 | $32,580 | $44,880 | |||
Weighted average number of common shares outstanding | 4,282 | 4,419 | 4,628 | |||
Earnings per common share (dollars) | $7.60 | [1] | $7.37 | [1] | $9.70 | [1] |
Dividends paid per common share (dollars) | $2.70 | $2.46 | $2.18 | |||
[1] | The earnings per common share and earnings per common share - assuming dilution are the same in each period shown. |
Financial_Instruments_And_Deri1
Financial Instruments And Derivatives (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Financial Instruments And Derivatives [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $11,700 | $6,800 | ||
Recorded book values of total long-term debt, excluding capitalized lease obligations | 11,300 | 6,500 | ||
Derivative asset at fair value, net | 75 | 1 | ||
Gain (loss) before-tax earnings impact of derivatives | 110 | -7 | -23 | |
Additions to long-term debt | 5,500 | 5,731 | 345 | 995 |
Level 1 [Member] | ||||
Financial Instruments And Derivatives [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 11,036 | |||
Level 2 [Member] | ||||
Financial Instruments And Derivatives [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 561 | |||
Level 3 [Member] | ||||
Financial Instruments And Derivatives [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $63 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Capitalization, Long-term Debt [Line Items] | ||||
Long-term debt due in U.S. dollars | $11,341 | |||
U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies | 312 | |||
Portion of long-term debt included in current liability | 770 | 1,034 | ||
Long-term debt maturing - 2016 | 537 | |||
Long-term debt maturing - 2017 | 2,993 | |||
Long-term debt maturing - 2018 | 872 | |||
Long-term debt maturing - 2019 | 2,353 | |||
Additions to long-term debt | 5,500 | 5,731 | 345 | 995 |
Long Term Financing [Member] | ||||
Schedule of Capitalization, Long-term Debt [Line Items] | ||||
Unused credit lines | $500 |
LongTerm_Debt_Summarized_LongT
Long-Term Debt (Summarized Long-Term Debt) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | ||
Debt Instrument, Unamortized Premium | $219 | $271 | ||
Long-term debt | 11,653 | 6,891 | ||
Combined Exxon Mobil And Affiliates [Member] | Other U.S. Dollar Obligations [Member] | ||||
Other long-term debt | 104 | [1] | 112 | [1] |
Average effective interest rate | 4.20% | 4.40% | ||
Combined Exxon Mobil And Affiliates [Member] | Other Foreign Currency Obligations [Member] | ||||
Other long-term debt | 9 | 9 | ||
0.921% Notes Due 2017 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||||
Senior notes, noncurrent | 1,500 | |||
Interest rate | 0.92% | |||
Debt maturity | 15-Mar-17 | |||
Floating-Rate Notes Due 2017 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||||
Senior notes, noncurrent | 750 | [2] | ||
Debt maturity | 15-Mar-17 | |||
Average effective interest rate | 0.30% | |||
1.819% Notes Due 2019 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||||
Senior notes, noncurrent | 1,750 | |||
Interest rate | 1.82% | |||
Debt maturity | 15-Mar-19 | |||
Floating-Rate Notes Due 2019 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||||
Senior notes, noncurrent | 500 | [3] | ||
Debt maturity | 15-Mar-19 | |||
Average effective interest rate | 0.40% | |||
3.176% Notes Due 2024 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||||
Senior notes, noncurrent | 1,000 | |||
Interest rate | 3.18% | |||
Debt maturity | 15-Mar-24 | |||
5.000% Senior Notes Due 2015 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 132 | |||
Interest rate | 5.00% | |||
Debt maturity | 31-Jan-15 | |||
5.300% Senior Notes Due 2015 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 243 | |||
Interest rate | 5.30% | |||
Debt maturity | 30-Jun-15 | |||
5.650% Senior Notes Due 2016 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 207 | 212 | ||
Interest rate | 5.65% | |||
Debt maturity | 1-Apr-16 | 1-Apr-16 | ||
6.250% Senior Notes Due 2017 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 477 | 489 | ||
Interest rate | 6.25% | |||
Debt maturity | 1-Aug-17 | 1-Aug-17 | ||
5.500% Senior Notes Due 2018 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 383 | 389 | ||
Interest rate | 5.50% | |||
Debt maturity | 15-Jun-18 | 15-Jun-18 | ||
6.500% Senior Notes Due 2018 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 474 | 485 | ||
Interest rate | 6.50% | |||
Debt maturity | 15-Dec-18 | 15-Dec-18 | ||
6.100% Senior Notes Due 2036 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 199 | 200 | ||
Interest rate | 6.10% | |||
Debt maturity | 1-Apr-36 | 1-Apr-36 | ||
6.750% Senior Notes Due 2037 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 309 | 312 | ||
Interest rate | 6.75% | |||
Debt maturity | 1-Aug-37 | 1-Aug-37 | ||
6.375% Senior Notes Due 2038 [Member] | XTO Energy Inc. [Member] | ||||
Senior notes, noncurrent | 236 | 238 | ||
Interest rate | 6.38% | |||
Debt maturity | 15-Jun-38 | 15-Jun-38 | ||
Variable Notes Due 2015-2019 [Member] | Mobil Producing Nigeria Unlimited [Member] | ||||
Senior notes, noncurrent | 399 | [4] | 742 | [4] |
Debt Instrument, maturity date range, start | 15-Jun-16 | 31-Dec-17 | ||
Debt Instrument, maturity date range, end | 15-Mar-19 | 31-Dec-19 | ||
Average effective interest rate | 4.50% | 4.60% | ||
Variable Notes Due 2015-2019 [Member] | Esso (Thailand) Public Company Ltd. [Member] | ||||
Senior notes, noncurrent | 121 | [5] | 177 | [5] |
Debt Instrument, maturity date range, start | 30-Nov-17 | 28-Sep-15 | ||
Debt Instrument, maturity date range, end | 31-Dec-19 | 30-Nov-17 | ||
Average effective interest rate | 2.40% | 3.30% | ||
Debentures Due 2021 [Member] | Mobil Corporation [Member] | ||||
Other long-term debt | 249 | 249 | ||
Interest rate | 8.63% | |||
Debt maturity | 15-Aug-21 | 15-Aug-21 | ||
Industrial Revenue Bonds Due 2015-2051 [Member] | Combined Exxon Mobil And Affiliates [Member] | ||||
Other long-term debt | 2,611 | [6] | 2,527 | [6] |
Debt Instrument, maturity date range, start | 1-Apr-17 | 31-Jul-15 | ||
Debt Instrument, maturity date range, end | 1-Dec-51 | 1-Dec-51 | ||
Average effective interest rate | 0.03% | 0.06% | ||
Capitalized Lease Obligations [Member] | Combined Exxon Mobil And Affiliates [Member] | ||||
Average effective interest rate | 7.00% | 7.80% | ||
Long-term debt | $375 | [7] | $375 | [7] |
[1] | Average effective interest rate of 4.2% in 2014 and 4.4% in 2013. | |||
[2] | Average effective interest rate of 0.3% in 2014. | |||
[3] | Average effective interest rate of 0.4% in 2014. | |||
[4] | Average effective interest rate of 4.5% in 2014 and 4.6% in 2013. | |||
[5] | Average effective interest rate of 2.4% in 2014 and 3.3% in 2013. | |||
[6] | Average effective interest rate of 0.03% in 2014 and 0.06% in 2013. | |||
[7] | Average imputed interest rate of 7.0% in 2014 and 7.8% in 2013. |
Incentive_Program_Narrative_De
Incentive Program (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Minimum ownership of affiliates needed for awards | 50.00% | ||
Number of shares issuable under 2003 incentive program, maximum | 220,000,000 | ||
Remaining shares available for award under 2003 incentive program | 108,000,000 | ||
Options and stock appreciation rights grant, minimum percentage of market value, date of grant | 100.00% | ||
Maximum Life Per Program Member [Member] | |||
Share-based compensation arrangement by share-based payment award expiration period | 10 years 0 months 0 days | ||
Restricted Stock [Member] | |||
Long-term incentive awards | 9,775,000 | 9,729,000 | 10,017,000 |
Unrecognized compensation cost | $2,339 | ||
Unrecognized compensation cost, weighted-average period of recognition, years | 4 years 6 months 0 days | ||
Compensation cost charged against income | 831 | 854 | 854 |
Income tax benefit recognized in income | 76 | 78 | 79 |
Fair value of shares/awards vested | 946 | 1,040 | 926 |
Cash payments, vested restricted stock units | $73 | $67 | $66 |
Percent of the shares in each award vesting after three years | 50.00% | ||
Percent of the shares in each award vesting after seven years | 50.00% | ||
Percent of shares in each award vesting after five years | 50.00% | ||
Percent of shares in each award vesting in later of ten years or retirement | 50.00% | ||
Restricted Stock [Member] | Minimum [Member] | |||
Vesting Period | 3 years 0 months 0 days | ||
Restricted Stock [Member] | Minimum [Member] | Executive Officer [Member] | |||
Vesting Period | 5 years 0 months 0 days | ||
Restricted Stock [Member] | Maximum [Member] | |||
Vesting Period | 7 years 0 months 0 days | ||
Restricted Stock [Member] | Maximum [Member] | Executive Officer [Member] | |||
Vesting Period | 10 years 0 months 0 days |
Incentive_Program_Summary_Of_R
Incentive Program (Summary Of Restricted Stock And Units Outstanding) (Details) (USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 |
Incentive Program [Abstract] | |
Issued and outstanding at January 1, Restricted stock, Shares | 45,207 |
2013 award issued in 2014, Shares | 9,705 |
Vested, Shares | -10,286 |
Forfeited, Shares | -187 |
Issued and outstanding at December 31, Restricted stock, Shares | 44,439 |
Issued and outstanding at January 1, Weighted Average Grant-Date Fair Value per Share | $78.29 |
2013 award issued in 2014, Weighted Average Grant-Date Fair Value per Share | $94.47 |
Vested, Weighted Average Grant-Date Fair Value per Share | $79.89 |
Forfeited, Weighted Average Grant-Date Fair Value per Share | $78.89 |
Issued and outstanding at December 31, Weighted Average Grant-Date Fair Value per Share | $81.45 |
Incentive_Program_Grant_Value_
Incentive Program (Grant Value Of Restricted Stock And Units) (Details) (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Grant price, per share | $95.20 | $94.47 | $87.24 |
Restricted stock and units settled in stock | $858 | $843 | $797 |
Units settled in cash | 73 | 76 | 77 |
Total value | $931 | $919 | $874 |
Litigation_And_Other_Contingen2
Litigation And Other Contingencies (Narrative) (Details) (USD $) | 3 Months Ended | ||||
Dec. 31, 2014 | Oct. 09, 2014 | Jun. 27, 2007 | 1-May-07 | Oct. 24, 2011 | |
Mobil Cerro Negro, Ltd. (MCN) [Member] | Expropriation of Assets [Member] | |||||
Loss Contingencies [Line Items] | |||||
Percentage ownership interest in Cerro Negro Project | 41.67% | 41.67% | |||
Interest compounded annually from date of expropriation until date of payment in full | 3.25% | ||||
Final award related to Cerro Negro arbitration | $1,600,000,000 | ||||
Earlier Cerro Negro award for breach of contractual obligations | 908,000,000 | ||||
Recognized earnings net of the remaining asset value from earlier ICC award | 269,000,000 | ||||
Production Sharing Contract (PSC) [Member] | |||||
Loss Contingencies [Line Items] | |||||
Percent interest in Erha block PSC | 56.25% | ||||
Pending Or Threatened Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Amount of award relating to excess lifting of crude oil | 1,800,000,000 | ||||
Accrued interest relating to award for excess lifting of crude oil | 234,000,000 |
Litigation_And_Other_Contingen3
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) (USD $) | Dec. 31, 2014 | |
In Millions, unless otherwise specified | ||
Loss Contingencies [Line Items] | ||
Guarantees | $10,449 | |
Equity Company Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 6,426 | [1] |
Other Third-Party Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 4,023 | |
Debt-Related Guarantees [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 3,547 | |
Debt-Related Guarantees [Member] | Papua New Guinea Liquefied Natural Gas Project [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 3,400 | |
Debt-Related Guarantees [Member] | Equity Company Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 3,506 | [1] |
Debt-Related Guarantees [Member] | Other Third-Party Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 41 | |
Other Guarantees [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 6,902 | |
Other Guarantees [Member] | Equity Company Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | 2,920 | [1] |
Other Guarantees [Member] | Other Third-Party Obligations [Member] | ||
Loss Contingencies [Line Items] | ||
Guarantees | $3,982 | |
[1] | ExxonMobil share |
Litigation_And_Other_Contingen4
Litigation And Other Contingencies (Schedule Of Unconditional Purchase Obligations) (Details) (USD $) | Dec. 31, 2014 | |
In Millions, unless otherwise specified | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
2015 | $150 | |
2016-2019 | 608 | |
2020 and Beyond | 337 | |
Total | 1,095 | [1] |
Present value of these commitments | 927 | |
Undiscounted unconditional purchase obligations | 1,095 | [1] |
Imputed interest | 168 | |
Equity Company Obligations [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Total | 433 | |
Undiscounted unconditional purchase obligations | $433 | |
[1] | Undiscounted obligations of $1,095 million mainly pertain to pipeline throughput agreements and include $433 million of obligations to equity companies. The present value of these commitments, which excludes imputed interest of $168 million, totaled $927 million. |
Pension_And_Other_Postretireme2
Pension And Other Postretirement Benefits (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan Disclosure [Line Items] | |||
Health care cost trend rate projected in 2016 | 4.50% | ||
Year that rate reaches ultimate trend rate | 2016 | ||
Effect of one-percentage-point increase on service and interest costs | $91 | ||
Effect of one-percentage-point increase on postretirement benefit obligation | 1,070 | ||
Effect of one-percentage-point decrease on service and interest costs | 69 | ||
Effect of one-percentage-point decrease on postretirement benefit obligation | 844 | ||
Costs for defined contribution plans | $393 | $392 | $382 |
Pension Benefits - U.S. [Member] | Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 40.00% | ||
Pension Benefits - U.S. [Member] | Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 60.00% | ||
Pension Benefits - U.S. [Member] | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 5.00% | ||
Pension Benefits - Non-U.S. [Member] | Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 40.00% | ||
Pension Benefits - Non-U.S. [Member] | Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 60.00% | ||
Pension Benefits - Non-U.S. [Member] | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 3.00% |
Pension_And_Other_Postretireme3
Pension And Other Postretirement Benefits (Benefit Obligations And Plan Assets Associated With Principal Benefit Plans) (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||
Defined Benefit Plan Disclosure [Line Items] | |||||
Medicare subsidy receipts | $21 | $20 | |||
Pension Benefits - U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Discount rate | 4.00% | 5.00% | |||
Long-term rate of compensation increase | 5.75% | 5.75% | |||
Benefit obligation at January 1 | 17,304 | 19,779 | |||
Service cost | 677 | 801 | 665 | ||
Interest cost | 807 | 749 | 820 | ||
Defined Benefit Plan, Actuarial Net (Gains) Losses | 3,192 | -1,520 | |||
Amendments, divestments and other | -24 | 15 | |||
Benefit obligation at December 31 | 20,529 | 17,304 | 19,779 | ||
Accumulated benefit obligation at December 31 | 16,385 | 13,989 | |||
Pension Benefits - Non-U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Discount rate | 3.10% | 4.30% | |||
Long-term rate of compensation increase | 5.30% | 5.40% | |||
Benefit obligation at January 1 | 27,357 | 28,670 | |||
Service cost | 590 | 697 | 648 | ||
Interest cost | 1,138 | 1,076 | 1,145 | ||
Defined Benefit Plan, Actuarial Net (Gains) Losses | 4,929 | -1,454 | |||
Foreign exchange rate changes | -2,540 | -284 | |||
Amendments, divestments and other | -61 | -37 | |||
Benefit obligation at December 31 | 30,047 | 27,357 | 28,670 | ||
Accumulated benefit obligation at December 31 | 26,318 | 23,949 | |||
Other Postretirement Benefits [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Discount rate | 4.00% | 5.00% | |||
Long-term rate of compensation increase | 5.75% | 5.75% | |||
Benefit obligation at January 1 | 7,868 | 9,058 | |||
Service cost | 140 | 176 | 134 | ||
Interest cost | 383 | 352 | 380 | ||
Defined Benefit Plan, Actuarial Net (Gains) Losses | 1,522 | -1,267 | |||
Foreign exchange rate changes | -48 | -43 | |||
Amendments, divestments and other | 96 | 103 | |||
Benefit obligation at December 31 | 9,436 | 7,868 | 9,058 | ||
Benefit Payments For Funded And Unfunded Plans [Member] | Pension Benefits - U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Benefits paid | -1,427 | [1] | -2,520 | [1] | |
Benefit Payments For Funded And Unfunded Plans [Member] | Pension Benefits - Non-U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Benefits paid | -1,366 | [1] | -1,311 | [1] | |
Benefit Payments For Funded And Unfunded Plans [Member] | Other Postretirement Benefits [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Benefits paid | ($525) | [1],[2] | ($511) | [1],[2] | |
[1] | Benefit payments for funded and unfunded plans. | ||||
[2] | For 2014 and 2013, other postretirement benefits paid are net of $21 million and $20 million of Medicare subsidy receipts, respectively. |
Pension_And_Other_Postretireme4
Pension And Other Postretirement Benefits (Change In Plan Assets Of Pension And Other Postretirement Benefits) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | ||
Pension Benefits - U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value at January 1 | $11,190 | $12,632 | ||
Actual return on plan assets | 1,497 | 617 | ||
Company contribution | 1,476 | 101 | ||
Other | 11 | |||
Fair value at December 31 | 12,915 | 11,190 | ||
Pension Benefits - Non-U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value at January 1 | 19,283 | 18,090 | ||
Actual return on plan assets | 3,153 | 1,604 | ||
Foreign exchange rate changes | -1,738 | -270 | ||
Company contribution | 554 | 919 | ||
Other | -245 | -191 | ||
Fair value at December 31 | 20,095 | 19,283 | ||
Other Postretirement Benefits [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value at January 1 | 620 | 581 | ||
Actual return on plan assets | 41 | 64 | ||
Company contribution | 31 | 35 | ||
Fair value at December 31 | 468 | 620 | ||
Benefit Payments For Funded Plans [Member] | Pension Benefits - U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Benefits paid | -1,248 | [1] | -2,171 | [1] |
Benefit Payments For Funded Plans [Member] | Pension Benefits - Non-U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Benefits paid | -912 | [1] | -869 | [1] |
Benefit Payments For Funded Plans [Member] | Other Postretirement Benefits [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Benefits paid | ($224) | [1] | ($60) | [1] |
[1] | Benefit payments for funded plans. |
Pension_And_Other_Postretireme5
Pension And Other Postretirement Benefits (Summary Of Assets In Excess Of/(Less Than) Benefit Obligation) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Pension Benefits - U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan Funded Status of Plan | ($4,590) | ($3,547) | ||
Unfunded plans | -3,024 | -2,567 | ||
Total | -7,614 | [1] | -6,114 | [1] |
Pension Benefits - Non-U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan Funded Status of Plan | -2,113 | -941 | ||
Unfunded plans | -7,839 | -7,133 | ||
Total | ($9,952) | [1] | ($8,074) | [1] |
[1] | Fair value of assets less benefit obligation shown on the preceding page. |
Pension_And_Other_Postretireme6
Pension And Other Postretirement Benefits (Assets Recorded In Balance Sheet And Other Comprehensive Income) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Postretirement benefits reserves | ($25,802) | ($20,646) | ||
Pension Benefits - U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Balance at December 31 | -7,614 | [1] | -6,114 | [1] |
Other assets | 1 | |||
Current liabilities | -340 | -275 | ||
Postretirement benefits reserves | -7,274 | -5,840 | ||
Total recorded | -7,614 | -6,114 | ||
Net actuarial loss/(gain) | 6,589 | 4,780 | ||
Prior service cost | 27 | 60 | ||
Total recorded in accumulated other comprehensive income | 6,616 | 4,840 | ||
Pension Benefits - Non-U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Balance at December 31 | -9,952 | [1] | -8,074 | [1] |
Other assets | 302 | 201 | ||
Current liabilities | -325 | -358 | ||
Postretirement benefits reserves | -9,929 | -7,917 | ||
Total recorded | -9,952 | -8,074 | ||
Net actuarial loss/(gain) | 9,642 | 7,943 | ||
Prior service cost | 429 | 665 | ||
Total recorded in accumulated other comprehensive income | 10,071 | 8,608 | ||
Other Postretirement Benefits [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Balance at December 31 | -8,968 | [1] | -7,248 | [1] |
Current liabilities | -369 | -359 | ||
Postretirement benefits reserves | -8,599 | -6,889 | ||
Total recorded | -8,968 | -7,248 | ||
Net actuarial loss/(gain) | 2,997 | 1,603 | ||
Prior service cost | 51 | 65 | ||
Total recorded in accumulated other comprehensive income | $3,048 | $1,668 | ||
[1] | Fair value of assets less benefit obligation shown on the preceding page. |
Pension_And_Other_Postretireme7
Pension And Other Postretirement Benefits (Long-Term Rates Of Pension And Other Postretirement Benefits) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Total recorded in other comprehensive income | $4,619 | ($7,281) | $1,523 | |
Pension Benefits - U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Discount rate | 5.00% | 4.00% | 5.00% | |
Long-term rate of return on funded assets | 7.25% | 7.25% | 7.25% | |
Long-term rate of compensation increase | 5.75% | 5.75% | 5.75% | |
Service cost | 677 | 801 | 665 | |
Interest cost | 807 | 749 | 820 | |
Expected return on plan assets | -799 | -835 | -789 | |
Amortization of actuarial loss/(gain) | 409 | 646 | 576 | |
Amortization of prior service cost | 8 | 7 | 7 | |
Net pension enhancement and curtailment/settlement cost | 276 | 723 | 333 | |
Net periodic benefit cost | 1,378 | 2,091 | 1,612 | |
Net actuarial loss/(gain) | 2,494 | -1,302 | 1,885 | |
Amortization of actuarial (loss)/gain | -685 | -1,369 | -909 | |
Prior service cost/(credit) | -25 | |||
Amortization of prior service (cost)/credit | -8 | -7 | -7 | |
Total recorded in other comprehensive income | 1,776 | -2,678 | 969 | |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | 3,154 | -587 | 2,581 | |
Pension Benefits - Non-U.S. [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Discount rate | 4.30% | 3.80% | 4.00% | |
Long-term rate of return on funded assets | 6.30% | 6.40% | 6.60% | |
Long-term rate of compensation increase | 5.40% | 5.50% | 5.40% | |
Service cost | 590 | 697 | 648 | |
Interest cost | 1,138 | 1,076 | 1,145 | |
Expected return on plan assets | -1,193 | -1,128 | -1,109 | |
Amortization of actuarial loss/(gain) | 628 | 852 | 844 | |
Amortization of prior service cost | 120 | 117 | 117 | |
Net pension enhancement and curtailment/settlement cost | 22 | 1,540 | [1] | |
Net periodic benefit cost | 1,283 | 1,636 | 3,185 | |
Net actuarial loss/(gain) | 2,969 | -1,938 | 1,906 | |
Amortization of actuarial (loss)/gain | -628 | -874 | -2,384 | |
Prior service cost/(credit) | -70 | 30 | 71 | |
Amortization of prior service (cost)/credit | -120 | -117 | -117 | |
Foreign exchange rate changes | -688 | -155 | 271 | |
Total recorded in other comprehensive income | 1,463 | -3,054 | -253 | |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | 2,746 | -1,418 | 2,932 | |
Pension Benefits - Non-U.S. [Member] | Japan Transaction Disposal Group [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Net pension enhancement and curtailment/settlement cost | 1,420 | |||
Other Postretirement Benefits [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Discount rate | 5.00% | 4.00% | 5.00% | |
Long-term rate of return on funded assets | 7.25% | 7.25% | 7.25% | |
Long-term rate of compensation increase | 5.75% | 5.75% | 5.75% | |
Service cost | 140 | 176 | 134 | |
Interest cost | 383 | 352 | 380 | |
Expected return on plan assets | -37 | -41 | -38 | |
Amortization of actuarial loss/(gain) | 116 | 228 | 170 | |
Amortization of prior service cost | 14 | 21 | 34 | |
Net periodic benefit cost | 616 | 736 | 680 | |
Net actuarial loss/(gain) | 1,518 | -1,290 | 1,008 | |
Amortization of actuarial (loss)/gain | -116 | -228 | -170 | |
Amortization of prior service (cost)/credit | -14 | -21 | -34 | |
Foreign exchange rate changes | -8 | -10 | 3 | |
Total recorded in other comprehensive income | 1,380 | -1,549 | 807 | |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | $1,996 | ($813) | $1,487 | |
[1] | Non-U.S. net pension enhancement and curtailment/settlement cost for 2012 includes $1,420 million (on a consolidated-company, before-tax basis) of accumulated other comprehensive income for the postretirement benefit reserves adjustment that was recycled into earnings and included in the Japan restructuring gain reported in bOther incomeb. |
Pension_And_Other_Postretireme8
Pension And Other Postretirement Benefits (Summary Of The Change In Accumulated Other Comprehensive Income) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | ($4,619) | $7,281 | ($1,523) |
(Charge)/credit to income tax (see Note 4) | 1,549 | -2,336 | 393 |
(Charge)/credit to investment in equity companies | -81 | 49 | -49 |
(Charge)/credit to other comprehensive income including noncontrolling interests, after tax | -3,151 | 4,994 | -1,179 |
Charge/(credit) to equity of noncontrolling interests | 85 | -279 | -124 |
(Charge)/credit to other comprehensive income attributable to ExxonMobil | -3,066 | 4,715 | -1,303 |
Pension Benefits - U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | -1,776 | 2,678 | -969 |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | -1,463 | 3,054 | 253 |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | ($1,380) | $1,549 | ($807) |
Pension_And_Other_Postretireme9
Pension And Other Postretirement Benefits (Fair Value Of Benefit Plan Assets) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | |||||
Pension Benefits - U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Insurance contracts at contract value | $11 | $12 | |||
Fair value of plan assets | 12,915 | 11,190 | 12,632 | ||
Pension Benefits - U.S. [Member] | U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,331 | 2,514 | |||
Pension Benefits - U.S. [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,144 | 2,622 | |||
Pension Benefits - U.S. [Member] | Private Equity [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 562 | 523 | |||
Pension Benefits - U.S. [Member] | Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 4,841 | 3,430 | |||
Pension Benefits - U.S. [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,890 | 2,056 | |||
Pension Benefits - U.S. [Member] | Asset-Backed Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 5 | 6 | |||
Pension Benefits - U.S. [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 131 | 27 | |||
Pension Benefits - U.S. [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 12,904 | 11,178 | |||
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,331 | [1] | 2,514 | [1] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,144 | [1] | 2,622 | [1] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 4,841 | [2] | 3,430 | [2] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,890 | [2] | 2,056 | [2] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Asset-Backed Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 5 | [2] | 6 | [2] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 131 | [3] | 27 | [3] | |
Pension Benefits - U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 12,342 | 10,655 | |||
Pension Benefits - U.S. [Member] | Significant Unobservable Inputs (Level 3) [Member] | Private Equity [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 562 | [4] | 523 | [4] | |
Pension Benefits - U.S. [Member] | Significant Unobservable Inputs (Level 3) [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 562 | 523 | |||
Pension Benefits - Non-U.S. [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Insurance contracts at contract value | 27 | 20 | |||
Fair value of plan assets | 20,095 | 19,283 | 18,090 | ||
Pension Benefits - Non-U.S. [Member] | U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 3,284 | 3,046 | |||
Pension Benefits - Non-U.S. [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 4,005 | 5,902 | |||
Pension Benefits - Non-U.S. [Member] | Private Equity [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 535 | 502 | |||
Pension Benefits - Non-U.S. [Member] | Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,686 | 2,125 | |||
Pension Benefits - Non-U.S. [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 9,299 | 7,372 | |||
Pension Benefits - Non-U.S. [Member] | Asset-Backed Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 146 | 103 | |||
Pension Benefits - Non-U.S. [Member] | Real Estate Funds [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 57 | 136 | |||
Pension Benefits - Non-U.S. [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 56 | 77 | |||
Pension Benefits - Non-U.S. [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 20,068 | 19,263 | |||
Pension Benefits - Non-U.S. [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 229 | [5] | 294 | [5] | |
Pension Benefits - Non-U.S. [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 249 | [6] | 272 | [6] | |
Pension Benefits - Non-U.S. [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 25 | 57 | |||
Pension Benefits - Non-U.S. [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 503 | 623 | |||
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 3,284 | [1] | 3,046 | [1] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 3,776 | [1] | 5,608 | [1] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2,686 | [2] | 2,125 | [2] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 9,050 | [2] | 7,100 | [2] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Asset-Backed Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 146 | [2] | 103 | [2] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 31 | [7] | 20 | [7] | |
Pension Benefits - Non-U.S. [Member] | Significant Other Observable Inputs (Level 2) [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 18,973 | 18,002 | |||
Pension Benefits - Non-U.S. [Member] | Significant Unobservable Inputs (Level 3) [Member] | Private Equity [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 535 | [4] | 502 | [4] | |
Pension Benefits - Non-U.S. [Member] | Significant Unobservable Inputs (Level 3) [Member] | Real Estate Funds [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 57 | [8] | 136 | [8] | |
Pension Benefits - Non-U.S. [Member] | Significant Unobservable Inputs (Level 3) [Member] | Total At Fair Value [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | $592 | $638 | |||
[1] | For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | ||||
[2] | For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | ||||
[3] | For cash balances held in the form of short-term fund units that are redeemable at the measurement date, the fair value is treated as a Level 2 input. | ||||
[4] | For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. | ||||
[5] | For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. | ||||
[6] | For corporate and government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. | ||||
[7] | For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. | ||||
[8] | For real estate funds, fair value is based on appraised values developed using comparable market transactions. |
Recovered_Sheet1
Pension And Other Postretirement Benefits (Fair Value Of Benefit Plan Assets - Other Postretirement) (Details) (Other Postretirement Benefit Plans Defined Benefit [Member], USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | $468 | $620 | $581 | ||
U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 106 | 157 | |||
Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 75 | 149 | |||
Private Equity Funds [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2 | 9 | |||
Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 103 | 129 | |||
Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 171 | 168 | |||
Asset Backed Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 9 | 4 | |||
Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2 | 4 | |||
Fair Value Inputs Level2 [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 466 | 611 | |||
Fair Value Inputs Level2 [Member] | U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 106 | [1] | 157 | [1] | |
Fair Value Inputs Level2 [Member] | Non-U.S. Equity Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 75 | [1] | 149 | [1] | |
Fair Value Inputs Level2 [Member] | Corporate Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 103 | [2] | 129 | [2] | |
Fair Value Inputs Level2 [Member] | Government Debt Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 171 | [2] | 168 | [2] | |
Fair Value Inputs Level2 [Member] | Asset Backed Securities [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 9 | [2] | 4 | [2] | |
Fair Value Inputs Level2 [Member] | Cash [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2 | 4 | |||
Fair Value Inputs Level3 [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | 2 | 9 | |||
Fair Value Inputs Level3 [Member] | Private Equity Funds [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | $2 | [3] | $9 | [3] | |
[1] | For U.S. and non-U.S. equity securities held in the form of fund units that are redeemable at the measurement date, the unit value is treated as a Level 2 input. The fair value of the securities owned by the funds is based on observable quoted prices on active exchanges, which are Level 1 inputs. | ||||
[2] | For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. | ||||
[3] | For private equity, fair value is generally established by using revenue or earnings multiples or other relevant market data including Initial Public Offerings. |
Recovered_Sheet2
Pension And Other Postretirement Benefits (Change In The Fair Value Of Level 3 Assets) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Pension Benefits - U.S. [Member] | Private Equity [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value at January 1 | $523 | $489 |
Net realized gains/(losses) | 2 | -1 |
Net unrealized gains/(losses) | 89 | 86 |
Net purchases/(sales) | -52 | -51 |
Fair value at December 31 | 562 | 523 |
Pension Benefits - Non-U.S. [Member] | Private Equity [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value at January 1 | 502 | 448 |
Net realized gains/(losses) | 23 | 11 |
Net unrealized gains/(losses) | 31 | 57 |
Net purchases/(sales) | -21 | -14 |
Fair value at December 31 | 535 | 502 |
Pension Benefits - Non-U.S. [Member] | Real Estate Funds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value at January 1 | 136 | 293 |
Net realized gains/(losses) | -17 | -13 |
Net unrealized gains/(losses) | 8 | 10 |
Net purchases/(sales) | -70 | -154 |
Fair value at December 31 | 57 | 136 |
Other Postretirement Benefits [Member] | Private Equity [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value at January 1 | 9 | 7 |
Net unrealized gains/(losses) | 3 | |
Net purchases/(sales) | -7 | -1 |
Fair value at December 31 | $2 | $9 |
Recovered_Sheet3
Pension And Other Postretirement Benefits (Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Funded Pension Plans [Member] | Pension Benefits - U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | $17,505 | $14,737 |
Accumulated benefit obligation | 14,493 | 12,342 |
Fair value of plan assets | 12,915 | 11,189 |
Funded Pension Plans [Member] | Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | 5,031 | 891 |
Accumulated benefit obligation | 4,590 | 689 |
Fair value of plan assets | 3,890 | 611 |
Unfunded Pension Plans [Member] | Pension Benefits - U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | 3,024 | 2,567 |
Accumulated benefit obligation | 1,892 | 1,647 |
Unfunded Pension Plans [Member] | Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | 7,839 | 7,133 |
Accumulated benefit obligation | $6,573 | $6,070 |
Recovered_Sheet4
Pension And Other Postretirement Benefits (Estimated Amortization) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2014 | |
Pension Benefits - U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Net actuarial loss/(gain) | $1,001 | [1] |
Prior service cost | 6 | [2] |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Net actuarial loss/(gain) | 753 | [1] |
Prior service cost | 105 | [2] |
Other Postretirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Net actuarial loss/(gain) | 211 | [1] |
Prior service cost | $14 | [2] |
[1] | The Corporation amortizes the net balance of actuarial losses/(gains) as a component of net periodic benefit cost over the average remaining service period of active plan participants. | |
[2] | The Corporation amortizes prior service cost on a straight-line basis as permitted under authoritative guidance for defined benefit pension and other postretirement benefit plans. |
Recovered_Sheet5
Pension And Other Postretirement Benefits (Expected Contribution Pension Benefits And Other Postretirement Benefits) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Pension Benefits - U.S. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2015 | $1,628 |
Benefits payments expected in 2016 | 1,554 |
Benefits payments expected in 2017 | 1,529 |
Benefits payments expected in 2018 | 1,445 |
Benefits payments expected in 2019 | 1,410 |
Benefits payments expected in 2020-2024 | 6,714 |
Pension Benefits - Non-U.S. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Contributions expected in 2015 | 560 |
Benefits payments expected in 2015 | 1,194 |
Benefits payments expected in 2016 | 1,213 |
Benefits payments expected in 2017 | 1,278 |
Benefits payments expected in 2018 | 1,298 |
Benefits payments expected in 2019 | 1,339 |
Benefits payments expected in 2020-2024 | 6,988 |
Gross Other Post Retirement Benefits [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2015 | 467 |
Benefits payments expected in 2016 | 479 |
Benefits payments expected in 2017 | 490 |
Benefits payments expected in 2018 | 499 |
Benefits payments expected in 2019 | 507 |
Benefits payments expected in 2020-2024 | 2,613 |
Other Postretirement Benefits Medicare Subsidy Receipt [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2015 | 24 |
Benefits payments expected in 2016 | 25 |
Benefits payments expected in 2017 | 26 |
Benefits payments expected in 2018 | 28 |
Benefits payments expected in 2019 | 29 |
Benefit payments expected in 2020-2024 | $172 |
Disclosures_About_Segments_And2
Disclosures About Segments And Related Information (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Disclosures About Segments And Related Information [Abstract] | |||
Non-debt-related interest expense | $129 | ($123) | $202 |
Disclosures_About_Segments_And3
Disclosures About Segments And Related Information (Schedule Of Segments And Related Information) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Earnings after income tax | $32,520 | $32,580 | $44,880 | |||
Earnings of equity companies included above | 13,323 | 13,927 | 15,010 | |||
Sales and other operating revenue | 394,105 | [1],[2] | 420,836 | [1],[2] | 451,509 | [1],[2] |
Depreciation and depletion expense | 17,297 | 17,182 | 15,888 | |||
Interest revenue | 75 | 87 | 117 | |||
Interest expense | 286 | 9 | 327 | |||
Income taxes | 18,015 | 24,263 | 31,045 | |||
Additions to property, plant and equipment | 34,256 | 37,741 | 35,179 | |||
Investments in equity companies | 20,017 | 19,619 | 18,530 | |||
Total assets | 349,493 | 346,808 | 333,795 | |||
U.S. [Member] | ||||||
Income taxes | 1,862 | 1,391 | 3,579 | |||
Non-U.S. [Member] | ||||||
Income taxes | 16,153 | 22,872 | 27,466 | |||
Upstream [Member] | U.S. [Member] | ||||||
Earnings after income tax | 5,197 | 4,191 | 3,925 | |||
Earnings of equity companies included above | 1,235 | 1,576 | 1,759 | |||
Sales and other operating revenue | 14,826 | [2] | 13,712 | [2] | 11,039 | [2] |
Intersegment revenue | 7,723 | 8,343 | 8,764 | |||
Depreciation and depletion expense | 5,139 | 5,170 | 5,104 | |||
Interest expense | 40 | 30 | 37 | |||
Income taxes | 1,300 | 2,197 | 2,025 | |||
Additions to property, plant and equipment | 9,098 | 7,480 | 9,697 | |||
Investments in equity companies | 5,089 | 4,975 | 4,020 | |||
Total assets | 92,555 | 88,698 | 86,146 | |||
Upstream [Member] | Non-U.S. [Member] | ||||||
Earnings after income tax | 22,351 | 22,650 | 25,970 | |||
Earnings of equity companies included above | 10,859 | 11,627 | 11,900 | |||
Sales and other operating revenue | 22,336 | [2] | 25,349 | [2] | 27,673 | [2] |
Intersegment revenue | 38,846 | 45,761 | 47,507 | |||
Depreciation and depletion expense | 8,523 | 8,277 | 7,340 | |||
Interest expense | 17 | 26 | 13 | |||
Income taxes | 15,165 | 21,554 | 25,362 | |||
Additions to property, plant and equipment | 19,225 | 26,075 | 21,769 | |||
Investments in equity companies | 10,877 | 9,740 | 9,147 | |||
Total assets | 161,033 | 157,465 | 140,848 | |||
Downstream [Member] | U.S. [Member] | ||||||
Earnings after income tax | 1,618 | 2,199 | 3,575 | |||
Earnings of equity companies included above | 29 | -460 | 6 | |||
Sales and other operating revenue | 118,771 | [2] | 123,802 | [2] | 125,088 | [2] |
Intersegment revenue | 17,281 | 20,781 | 20,963 | |||
Depreciation and depletion expense | 654 | 633 | 594 | |||
Interest expense | 6 | 7 | 3 | |||
Income taxes | 610 | 721 | 1,811 | |||
Additions to property, plant and equipment | 1,050 | 616 | 480 | |||
Investments in equity companies | 69 | 62 | 195 | |||
Total assets | 18,371 | 19,261 | 18,451 | |||
Downstream [Member] | Non-U.S. [Member] | ||||||
Earnings after income tax | 1,427 | 1,250 | 9,615 | |||
Earnings of equity companies included above | 82 | 22 | 387 | |||
Sales and other operating revenue | 199,976 | [2] | 218,904 | [2] | 248,959 | [2] |
Intersegment revenue | 44,231 | 52,624 | 62,130 | |||
Depreciation and depletion expense | 1,228 | 1,390 | 1,280 | |||
Interest expense | 4 | 8 | 36 | |||
Income taxes | 968 | 481 | 1,892 | |||
Additions to property, plant and equipment | 1,356 | 1,072 | 1,153 | |||
Investments in equity companies | 1,006 | 1,749 | 2,069 | |||
Total assets | 33,299 | 40,661 | 40,956 | |||
Chemical [Member] | U.S. [Member] | ||||||
Earnings after income tax | 2,804 | 2,755 | 2,220 | |||
Earnings of equity companies included above | 186 | 189 | 183 | |||
Sales and other operating revenue | 15,115 | [2] | 15,295 | [2] | 14,723 | [2] |
Intersegment revenue | 10,117 | 11,993 | 12,409 | |||
Depreciation and depletion expense | 370 | 378 | 376 | |||
Interest expense | 1 | |||||
Income taxes | 1,032 | 989 | 755 | |||
Additions to property, plant and equipment | 1,564 | 840 | 338 | |||
Investments in equity companies | 258 | 217 | 233 | |||
Total assets | 8,798 | 7,816 | 7,238 | |||
Chemical [Member] | Non-U.S. [Member] | ||||||
Earnings after income tax | 1,511 | 1,073 | 1,678 | |||
Earnings of equity companies included above | 1,377 | 1,422 | 1,267 | |||
Sales and other operating revenue | 23,063 | [2] | 23,753 | [2] | 24,003 | [2] |
Intersegment revenue | 8,098 | 8,232 | 9,750 | |||
Depreciation and depletion expense | 645 | 632 | 508 | |||
Interest expense | -1 | |||||
Income taxes | 358 | 363 | 232 | |||
Additions to property, plant and equipment | 564 | 272 | 659 | |||
Investments in equity companies | 3,026 | 3,103 | 3,143 | |||
Total assets | 18,449 | 19,659 | 18,886 | |||
Corporate And Financing [Member] | ||||||
Earnings after income tax | -2,388 | -1,538 | -2,103 | |||
Earnings of equity companies included above | -445 | -449 | -492 | |||
Sales and other operating revenue | 18 | [2] | 21 | [2] | 24 | [2] |
Intersegment revenue | 274 | 285 | 258 | |||
Depreciation and depletion expense | 738 | 702 | 686 | |||
Interest revenue | 75 | 87 | 117 | |||
Interest expense | 219 | -63 | 239 | |||
Income taxes | -1,418 | -2,042 | -1,032 | |||
Additions to property, plant and equipment | 1,399 | 1,386 | 1,083 | |||
Investments in equity companies | -308 | -227 | -277 | |||
Total assets | $16,988 | $13,248 | $21,270 | |||
[1] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. | |||||
[2] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. |
Disclosures_About_Segments_And4
Disclosures About Segments And Related Information (Schedule Of Geographic Sales And Other Operating Revenue) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | $394,105 | [1] | $420,836 | [1] | $451,509 | [1] |
Sales-based taxes | 29,342 | [2] | 30,589 | [2] | 32,409 | [2] |
U.S. [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 148,713 | [1] | 152,820 | [1] | 150,865 | [1] |
Sales-based taxes | 6,310 | 5,992 | 5,785 | |||
Non-U.S. [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 245,392 | [1] | 268,016 | [1] | 300,644 | [1] |
Sales-based taxes | 23,032 | 24,597 | 26,624 | |||
Canada [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 36,072 | [1] | 35,924 | [1] | 34,325 | [1] |
United Kingdom [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 31,346 | [1] | 34,061 | [1] | 33,600 | [1] |
Belgium [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 20,953 | [1] | 20,973 | [1] | 23,567 | [1] |
Italy [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 18,880 | [1] | 19,273 | [1] | 18,228 | [1] |
France [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 17,639 | [1] | 18,444 | [1] | 19,601 | [1] |
Singapore [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | 15,407 | [1] | 15,623 | [1] | 14,606 | [1] |
Germany [Member] | ||||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||||
Sales and other operating revenue | $14,816 | [1] | $15,701 | [1] | $15,871 | [1] |
[1] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. See Note 1, Summary of Accounting Policies. | |||||
[2] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. |
Disclosures_About_Segments_And5
Disclosures About Segments And Related Information (Schedule Of Long-Lived Assets By Geographic Regions) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | |||
Long-lived assets | $252,668 | $243,650 | $226,949 |
U.S. [Member] | |||
Long-lived assets | 104,000 | 98,271 | 94,336 |
Non-U.S. [Member] | |||
Long-lived assets | 148,668 | 145,379 | 132,613 |
Canada [Member] | |||
Long-lived assets | 43,858 | 41,522 | 31,979 |
Australia [Member] | |||
Long-lived assets | 15,328 | 14,258 | 13,415 |
Nigeria [Member] | |||
Long-lived assets | 12,265 | 12,343 | 12,216 |
Singapore [Member] | |||
Long-lived assets | 9,620 | 9,570 | 9,700 |
Kazakhstan [Member] | |||
Long-lived assets | 9,138 | 8,530 | 7,785 |
Angola [Member] | |||
Long-lived assets | 9,057 | 8,262 | 8,238 |
Papua New Guinea [Member] | |||
Long-lived assets | 6,099 | 5,768 | 4,599 |
Norway [Member] | |||
Long-lived assets | $5,139 | $6,542 | $7,040 |
Income_SalesBased_And_Other_Ta2
Income, Sales-Based And Other Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income, Sales-Based And Other Taxes [Abstract] | |||
Net deferred income tax expense (credits)/charges for tax rate and law changes | ($40,000,000) | ($310,000,000) | $244,000,000 |
Reconciliation between income tax expense and theoretical U.S. tax rate, statutory rate | 35.00% | 35.00% | 35.00% |
Indefinitely reinvested, undistributed earnings from subsidiary companies outside the U.S. | 51,000,000,000 | ||
Potential percentage increase in unrecognized tax benefits | 30.00% | ||
Credit of net interest expense on income tax reserves | 207,000,000 | ||
Interest expense on income tax reserves | 42,000,000 | 46,000,000 | |
Interest payable on income tax reserves | 205,000,000 | 156,000,000 | |
Statement [Line Items] | |||
Asset valuation allowances | 2,570,000,000 | 2,491,000,000 | |
Valuation Allowance increase from 2013 to 2014 | 79,000,000 | ||
Additional net provisions [Member] | |||
Statement [Line Items] | |||
Valuation Allowance increase from 2013 to 2014 | 340,000,000 | ||
Effects of foreign currency translation [Member] | |||
Statement [Line Items] | |||
Valuation Allowance increase from 2013 to 2014 | ($261,000,000) |
Income_SalesBased_And_Other_Ta3
Income, Sales-Based And Other Taxes (Schedule Of Income, Sales-Based And Other Taxes) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Income, Sales-Based and Other Taxes [Line Items] | ||||||
Current | $16,211 | $23,188 | $27,441 | |||
Deferred - net | 2,298 | 641 | 2,913 | |||
U.S. tax on non-U.S. operations | 5 | 37 | 89 | |||
Total federal and non-U.S. | 18,514 | 23,866 | 30,443 | |||
State | -499 | [1] | 397 | 602 | ||
Total income tax expense | 18,015 | 24,263 | 31,045 | |||
Sales-based taxes | 29,342 | [2] | 30,589 | [2] | 32,409 | [2] |
Other taxes and duties | 32,286 | 33,230 | 35,558 | |||
Other taxes and duties included in production and manufacturing expenses | 2,633 | 2,500 | 2,550 | |||
Other taxes and duties included in SG&A expenses | 596 | 666 | 749 | |||
Total other taxes and duties | 35,515 | 36,396 | 38,857 | |||
Total | 82,872 | 91,248 | 102,311 | |||
U.S. [Member] | ||||||
Income, Sales-Based and Other Taxes [Line Items] | ||||||
Current | 1,456 | 1,073 | 1,791 | |||
Deferred - net | 900 | -116 | 1,097 | |||
U.S. tax on non-U.S. operations | 5 | 37 | 89 | |||
Total federal and non-U.S. | 2,361 | 994 | 2,977 | |||
State | -499 | [1] | 397 | 602 | ||
Total income tax expense | 1,862 | 1,391 | 3,579 | |||
Sales-based taxes | 6,310 | 5,992 | 5,785 | |||
Other taxes and duties | 378 | 955 | 1,406 | |||
Other taxes and duties included in production and manufacturing expenses | 1,454 | 1,318 | 1,242 | |||
Other taxes and duties included in SG&A expenses | 155 | 150 | 154 | |||
Total other taxes and duties | 1,987 | 2,423 | 2,802 | |||
Total | 10,159 | 9,806 | 12,166 | |||
U.S. [Member] | State Tax Adjustment [Member] | ||||||
Income, Sales-Based and Other Taxes [Line Items] | ||||||
Deferred tax adjustment included in State Taxes | 830 | |||||
Non-U.S. [Member] | ||||||
Income, Sales-Based and Other Taxes [Line Items] | ||||||
Current | 14,755 | 22,115 | 25,650 | |||
Deferred - net | 1,398 | 757 | 1,816 | |||
Total federal and non-U.S. | 16,153 | 22,872 | 27,466 | |||
Total income tax expense | 16,153 | 22,872 | 27,466 | |||
Sales-based taxes | 23,032 | 24,597 | 26,624 | |||
Other taxes and duties | 31,908 | 32,275 | 34,152 | |||
Other taxes and duties included in production and manufacturing expenses | 1,179 | 1,182 | 1,308 | |||
Other taxes and duties included in SG&A expenses | 441 | 516 | 595 | |||
Total other taxes and duties | 33,528 | 33,973 | 36,055 | |||
Total | $72,713 | $81,442 | $90,145 | |||
[1] | In 2014, state taxes included a favorable adjustment of deferred taxes of approximately $830 million. | |||||
[2] | Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and $32,409 million for 2012. |
Income_SalesBased_And_Other_Ta4
Income, Sales-Based And Other Taxes (Reconciliation Between Income Tax Expense And Theoretical U.S. Tax) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income, Sales-Based And Other Taxes [Abstract] | |||
United States Income before income taxes | $9,080 | $9,746 | $11,222 |
Non-U.S. Income before income taxes | 42,550 | 47,965 | 67,504 |
Income before income taxes | 51,630 | 57,711 | 78,726 |
Theoretical tax | 18,071 | 20,199 | 27,554 |
Effect of equity method of accounting | -4,663 | -4,874 | -5,254 |
Non-U.S. taxes in excess of theoretical U.S. tax | 5,442 | 10,528 | 8,434 |
U.S. tax on non-U.S. operations | 5 | 37 | 89 |
State taxes, net of federal tax benefit | -324 | 258 | 391 |
Other | -516 | -1,885 | -169 |
Total income tax expense | 18,015 | 24,263 | 31,045 |
ExxonMobil share of equity company income taxes | 5,678 | 6,061 | 5,859 |
Total income taxes | 23,693 | 30,324 | 36,904 |
Net income including noncontrolling interests | 33,615 | 33,448 | 47,681 |
Total income before taxes | $57,308 | $63,772 | $84,585 |
Effective income tax rate | 41.00% | 48.00% | 44.00% |
Income_SalesBased_And_Other_Ta5
Income, Sales-Based And Other Taxes (Deferred Income Taxes Assets And Liabilities) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Income, Sales-Based And Other Taxes [Abstract] | ||
Property, plant and equipment | $51,643 | $50,884 |
Other liabilities | 4,359 | 3,474 |
Total deferred tax liabilities | 56,002 | 54,358 |
Pension and other postretirement benefits | -8,140 | -6,573 |
Asset retirement obligations | -6,162 | -6,083 |
Tax loss carryforwards | -4,099 | -3,393 |
Other assets | -6,446 | -6,246 |
Total deferred tax assets | -24,847 | -22,295 |
Asset valuation allowances | 2,570 | 2,491 |
Net deferred tax liabilities | $33,725 | $34,554 |
Income_SalesBased_And_Other_Ta6
Income, Sales-Based And Other Taxes (Deferred Income Tax (Assets) And Liabilities By Balance Sheet Classification) (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Income, Sales-Based And Other Taxes [Abstract] | ||
Other current assets | ($2,001) | ($3,575) |
Other assets, including intangibles, net | -3,955 | -2,822 |
Accounts payable and accrued liabilities | 451 | 421 |
Deferred income tax liabilities | 39,230 | 40,530 |
Net deferred tax liabilities | $33,725 | $34,554 |
Income_SalesBased_And_Other_Ta7
Income, Sales-Based And Other Taxes (Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income, Sales-Based And Other Taxes [Abstract] | |||
Balance at January 1 | $7,838 | $7,663 | $4,922 |
Additions based on current year's tax positions | 1,454 | 1,460 | 1,662 |
Additions for prior years' tax positions | 448 | 464 | 2,559 |
Reductions for prior years' tax positions | -532 | -249 | -535 |
Reductions due to lapse of the statute of limitations | -117 | -588 | -79 |
Settlements with tax authorities | -43 | -849 | -855 |
Foreign exchange effects / other | -62 | -63 | -11 |
Balance at December 31 | $8,986 | $7,838 | $7,663 |
Income_SalesBased_And_Other_Ta8
Income, Sales-Based And Other Taxes (Remaining Tax Years Subject To Examination By Major Tax Jurisdiction) (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Abu Dhabi [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Abu Dhabi [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2012 |
Angola [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Angola [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2009 |
Australia [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2003 |
Australia [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2000 |
Australia Second Range [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2005 |
Australia Second Range [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2005 |
Australia Third Range [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Australia Third Range [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2008 |
Canada [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Canada [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2007 |
Equatorial Guinea [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Equatorial Guinea [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2007 |
Malaysia [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Malaysia [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2008 |
Nigeria [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Nigeria [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2004 |
Norway [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Norway [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2005 |
Qatar [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Qatar [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2008 |
Russia [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
Russia [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2011 |
United Kingdom [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
United Kingdom [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2010 |
United States [Member] | Maximum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2014 |
United States [Member] | Minimum [Member] | |
Income, Sales-Based and Other Taxes [Line Items] | |
Open Tax Years by major tax jurisdiction | 2006 |