Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended |
Mar. 31, 2015 | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | FALSE |
Document Period End Date | 31-Mar-15 |
Document Fiscal Year Focus | 2015 |
Document Fiscal Period Focus | Q1 |
Trading Symbol | XOM |
Entity Registrant Name | EXXON MOBIL CORP |
Entity Central Index Key | 34088 |
Current Fiscal Year End Date | -19 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 4,181,108,290 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statement Of Income (USD $) | 3 Months Ended | |||
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Revenues and other income | ||||
Sales and other operating revenue | $64,758 | [1],[2] | $101,312 | [1],[2] |
Income from equity affiliates | 2,261 | 4,108 | ||
Other income | 599 | 905 | ||
Total revenues and other income | 67,618 | 106,325 | ||
Costs and other deductions | ||||
Crude oil and product purchases | 32,698 | 57,866 | ||
Production and manufacturing expenses | 8,730 | 10,088 | ||
Selling, general and administrative expenses | 2,713 | 3,132 | ||
Depreciation and depletion | 4,300 | 4,192 | ||
Exploration expenses, including dry holes | 311 | 317 | ||
Interest expense | 88 | 66 | ||
Sales-based taxes | 5,530 | [2] | 7,416 | [2] |
Other taxes and duties | 6,613 | 8,021 | ||
Total costs and other deductions | 60,983 | 91,098 | ||
Income before income taxes | 6,635 | 15,227 | ||
Income taxes | 1,560 | 5,857 | ||
Net income including noncontrolling interests | 5,075 | 9,370 | ||
Net income attributable to noncontrolling interests | 135 | 270 | ||
Net income attributable to ExxonMobil | $4,940 | $9,100 | ||
Earnings per common share (dollars) | $1.17 | [3] | $2.10 | [3] |
Earnings per common share - assuming dilution (dollars) | $1.17 | $2.10 | ||
Dividends per common share (dollars) | $0.69 | $0.63 | ||
[1] | Includes sales-based taxes | |||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2015, and 2014, were $5,530 million and $7,416 million, respectively. | |||
[3] | The calculation of earnings per common share and earnings per common share-assuming dilution are the same in each period. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement Of Income (Parenthetical) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Condensed Consolidated Statement Of Income [Abstract] | ||||
Sales-based taxes included in sales and other operating revenue | $5,530 | [1] | $7,416 | [1] |
[1] | Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2015, and 2014, were $5,530 million and $7,416 million, respectively. |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement Of Comprehensive Income (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Condensed Consolidated Statement Of Comprehensive Income [Abstract] | ||
Net income including noncontrolling interests | $5,075 | $9,370 |
Other comprehensive income (net of income taxes) | ||
Foreign exchange translation adjustment | -5,353 | -786 |
Adjustment for foreign exchange translation (gain)/loss included in net income | 82 | |
Postretirement benefits reserves adjustment (excluding amortization) | 813 | -84 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 351 | 316 |
Unrealized change in fair value of stock investments | 2 | -54 |
Realized (gain)/loss from stock investments included in net income | 8 | |
Total other comprehensive income | -4,179 | -526 |
Comprehensive income including noncontrolling interests | 896 | 8,844 |
Comprehensive income attributable to noncontrolling interests | -406 | 59 |
Comprehensive income attributable to ExxonMobil | $1,302 | $8,785 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheet (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Current assets | ||
Cash and cash equivalents | $5,184 | $4,616 |
Cash and cash equivalents - restricted | 43 | 42 |
Notes and accounts receivable - net | 25,031 | 28,009 |
Inventories | ||
Crude oil, products and merchandise | 11,792 | 12,384 |
Materials and supplies | 4,310 | 4,294 |
Other current assets | 4,298 | 3,565 |
Total current assets | 50,658 | 52,910 |
Investments, advances and long-term receivables | 34,471 | 35,239 |
Property, plant and equipment - net | 249,497 | 252,668 |
Other assets, including intangibles - net | 8,335 | 8,676 |
Total assets | 342,961 | 349,493 |
Current liabilities | ||
Notes and loans payable | 13,277 | 17,468 |
Accounts payable and accrued liabilities | 38,144 | 42,227 |
Income taxes payable | 4,512 | 4,938 |
Total current liabilities | 55,933 | 64,633 |
Long-term debt | 19,494 | 11,653 |
Postretirement benefits reserves | 24,632 | 25,802 |
Deferred income tax liabilities | 38,935 | 39,230 |
Long-term obligations to equity companies | 5,519 | 5,325 |
Other long-term obligations | 21,002 | 21,786 |
Total liabilities | 165,515 | 168,429 |
Commitments and contingencies (Note 3) | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 11,006 | 10,792 |
Earnings reinvested | 410,414 | 408,384 |
Accumulated other comprehensive income | -22,595 | -18,957 |
Common stock held in treasury (3,838 million shares at Mar. 31, 2015 and 3,818 million shares at Dec. 31, 2014) | -227,598 | -225,820 |
ExxonMobil share of equity | 171,227 | 174,399 |
Noncontrolling interests | 6,219 | 6,665 |
Total equity | 177,446 | 181,064 |
Total liabilities and equity | $342,961 | $349,493 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheet (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Millions, unless otherwise specified | ||
Condensed Consolidated Balance Sheet [Abstract] | ||
Common stock, without par value | ||
Common stock, shares authorized | 9,000 | 9,000 |
Common stock, shares issued | 8,019 | 8,019 |
Common stock held in treasury, shares | 3,838 | 3,818 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statement Of Cash Flows (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash flows from operating activities | ||
Net income including noncontrolling interests | $5,075 | $9,370 |
Depreciation and depletion | 4,300 | 4,192 |
Changes in operational working capital, excluding cash and debt | -509 | 2,452 |
All other items - net | -868 | -911 |
Net cash provided by operating activities | 7,998 | 15,103 |
Cash flows from investing activities | ||
Additions to property, plant and equipment | -6,844 | -7,328 |
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | 484 | 1,111 |
Additional investments and advances | -282 | -457 |
Other investing activities - net | 290 | 368 |
Net cash used in investing activities | -6,352 | -6,306 |
Cash flows from financing activities | ||
Additions to long-term debt | 8,000 | 5,500 |
Reductions in long-term debt | -10 | |
Additions/(reductions) in short-term debt - net | -157 | -446 |
Additions/(reductions) in debt with three months or less maturity | -3,956 | -6,222 |
Cash dividends to ExxonMobil shareholders | -2,910 | -2,732 |
Cash dividends to noncontrolling interests | -40 | -58 |
Common stock acquired | -1,781 | -3,860 |
Common stock sold | 2 | |
Net cash used in financing activities | -854 | -7,816 |
Effects of exchange rate changes on cash | -224 | -24 |
Increase/(decrease) in cash and cash equivalents | 568 | 957 |
Cash and cash equivalents at beginning of period | 4,616 | 4,644 |
Cash and cash equivalents at end of period | 5,184 | 5,601 |
Supplemental Disclosures | ||
Income taxes paid | 1,226 | 4,145 |
Cash interest paid | $170 | $87 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statement Of Changes In Equity (USD $) | Total | Exxon Mobil Share Of Common Stock [Member] | Exxon Mobil Share Of Earnings Reinvested [Member] | Exxon Mobil Share Of Accumulated Other Comprehensive Income [Member] | Exxon Mobil Share Of Common Stock Held In Treasury [Member] | Exxon Mobil Share Of Equity [Member] | Noncontrolling Interests [Member] | Common Stock Outstanding [Member] |
In Millions | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
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 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2013 | -3,684 | |||||||
Balance (in shares) - issued at Dec. 31, 2013 | 8,019 | |||||||
Amortization of stock-based awards | 201 | 201 | 201 | |||||
Tax benefits related to stock-based awards | 3 | 3 | 3 | |||||
Other | -5 | -5 | -5 | |||||
Net income for the period | 9,370 | 9,100 | 9,100 | 270 | ||||
Dividends - common shares (company) | -2,732 | -2,732 | ||||||
Dividends - common shares (NCI) | -58 | |||||||
Dividends - common shares (total) | -2,790 | |||||||
Other comprehensive income | -526 | -315 | -315 | -211 | ||||
Acquisitions, at cost (company) | -3,860 | -3,860 | ||||||
Acquisitions, at cost (total) | -3,860 | |||||||
Acquisitions (in shares) | -41 | -41 | ||||||
Dispositions | 3 | 3 | 3 | |||||
Balance at Mar. 31, 2014 | 182,891 | 10,276 | 393,800 | -11,040 | -216,638 | 176,398 | 6,493 | |
Balance (in shares) - outstanding at Mar. 31, 2014 | 4,294 | |||||||
Balance (in shares) - in treasury at Mar. 31, 2014 | -3,725 | |||||||
Balance (in shares) - issued at Mar. 31, 2014 | 8,019 | |||||||
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 | |||||||
Balance (in shares) - in treasury at Dec. 31, 2014 | 3,818 | -3,818 | ||||||
Balance (in shares) - issued at Dec. 31, 2014 | 8,019 | 8,019 | ||||||
Amortization of stock-based awards | 213 | 213 | 213 | |||||
Tax benefits related to stock-based awards | 3 | 3 | 3 | |||||
Other | -2 | -2 | -2 | |||||
Net income for the period | 5,075 | 4,940 | 4,940 | 135 | ||||
Dividends - common shares (company) | -2,910 | -2,910 | ||||||
Dividends - common shares (NCI) | -40 | |||||||
Dividends - common shares (total) | -2,950 | |||||||
Other comprehensive income | -4,179 | -3,638 | -3,638 | -541 | ||||
Acquisitions, at cost (company) | -1,781 | -1,781 | ||||||
Acquisitions, at cost (total) | -1,781 | |||||||
Acquisitions (in shares) | -20 | -20 | ||||||
Dispositions | 3 | 3 | 3 | |||||
Balance at Mar. 31, 2015 | $177,446 | $11,006 | $410,414 | ($22,595) | ($227,598) | $171,227 | $6,219 | |
Balance (in shares) - outstanding at Mar. 31, 2015 | 4,181 | |||||||
Balance (in shares) - in treasury at Mar. 31, 2015 | 3,838 | -3,838 | ||||||
Balance (in shares) - issued at Mar. 31, 2015 | 8,019 | 8,019 |
Basis_Of_Financial_Statement_P
Basis Of Financial Statement Preparation | 3 Months Ended |
Mar. 31, 2015 | |
Basis Of Financial Statement Preparation [Abstract] | |
Basis Of Financial Statement Preparation | 1. Basis of Financial Statement Preparation |
These unaudited condensed consolidated financial statements should be read in the context of the consolidated financial statements and notes thereto filed with the Securities and Exchange Commission in the Corporation's 2014 Annual Report on Form 10-K. In the opinion of the Corporation, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature. Prior data has been reclassified in certain cases to conform to the current presentation basis. | |
The Corporation's exploration and production activities are accounted for under the "successful efforts" method. |
Recently_Issued_Accounting_Sta
Recently Issued Accounting Standard | 3 Months Ended |
Mar. 31, 2015 | |
New Accounting Pronouncements And Changes In Accounting Principles [Abstract] | |
Recently Issued Accounting Standard | 2. Recently Issued Accounting Standard |
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. |
Litigation_And_Other_Contingen
Litigation And Other Contingencies | 3 Months Ended | ||||||||||||||
Mar. 31, 2015 | |||||||||||||||
Litigation And Other Contingencies [Abstract] | |||||||||||||||
Litigation And Other Contingencies | 3. 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 March 31, 2015, 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. These guarantees are not reasonably likely to have a material effect on the Corporation’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. | |||||||||||||||
As of March 31, 2015 | |||||||||||||||
Equity | Other | ||||||||||||||
Company | Third Party | ||||||||||||||
Obligations (1) | Obligations | Total | |||||||||||||
(millions of dollars) | |||||||||||||||
Guarantees | |||||||||||||||
Debt-related | 88 | 38 | 126 | ||||||||||||
Other | 3,141 | 3,733 | 6,874 | ||||||||||||
Total | 3,229 | 3,771 | 7,000 | ||||||||||||
(1) ExxonMobil share | |||||||||||||||
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. The Corporation's outstanding unconditional purchase obligations at March 31, 2015, were similar to those at the prior year-end period. 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. | |||||||||||||||
The operations and earnings of the Corporation and its affiliates throughout the world have been, and may in the future be, affected from time to time in varying degree by political developments and laws and regulations, such as forced divestiture of assets; restrictions on production, imports and exports; price controls; tax increases and retroactive tax claims; expropriation of property; cancellation of contract rights and environmental regulations. Both the likelihood of such occurrences and their overall effect upon the Corporation vary greatly from country to country and are not predictable. | |||||||||||||||
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). 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). | |||||||||||||||
Judgment was entered on the ICSID award by the United States District Court for the Southern District of New York on October 10, 2014. The Republic of Venezuela filed a motion to vacate that judgment on procedural grounds on October 14, 2014, and later, 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. The court denied the Republic of Venezuela’s two motions on February 13, 2015, and March 4, 2015, respectively. The Republic of Venezuela filed a notice of appeal of the court’s actions on the two motions on March 9, 2015. | |||||||||||||||
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 this 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. |
Other_Comprehensive_Income_Inf
Other Comprehensive Income Information | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||||
Current period change excluding amounts reclassified | ||||||||||||||||
from accumulated other comprehensive income | -555 | -93 | -54 | -702 | ||||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | 82 | 305 | - | 387 | ||||||||||||
Total change in accumulated other comprehensive income | -473 | 212 | -54 | -315 | ||||||||||||
Balance as of March 31, 2014 | -1,319 | -9,667 | -54 | -11,040 | ||||||||||||
Balance as of December 31, 2014 | -5,952 | -12,945 | -60 | -18,957 | ||||||||||||
Current period change excluding amounts reclassified | ||||||||||||||||
from accumulated other comprehensive income | -4,784 | 796 | 2 | -3,986 | ||||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | - | 340 | 8 | 348 | ||||||||||||
Total change in accumulated other comprehensive income | -4,784 | 1,136 | 10 | -3,638 | ||||||||||||
Balance as of March 31, 2015 | -10,736 | -11,809 | -50 | -22,595 | ||||||||||||
Three Months Ended | ||||||||||||||||
Amounts Reclassified Out of Accumulated Other | March 31, | |||||||||||||||
Comprehensive Income - Before-tax Income/(Expense) | 2015 | 2014 | ||||||||||||||
(millions of dollars) | ||||||||||||||||
Foreign exchange translation gain/(loss) included in net income | ||||||||||||||||
(Statement of Income line: Other income) | - | -82 | ||||||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||||
adjustment included in net periodic benefit costs (1) | -511 | -451 | ||||||||||||||
Realized change in fair value of stock investments included in net income | ||||||||||||||||
(Statement of Income line: Other income) | -12 | - | ||||||||||||||
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6 – Pension and Other Postretirement Benefits for additional details.) | ||||||||||||||||
Three Months Ended | ||||||||||||||||
Income Tax (Expense)/Credit For | March 31, | |||||||||||||||
Components of Other Comprehensive Income | 2015 | 2014 | ||||||||||||||
(millions of dollars) | ||||||||||||||||
Foreign exchange translation adjustment | 90 | -32 | ||||||||||||||
Postretirement benefits reserves adjustment (excluding amortization) | -377 | 50 | ||||||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||||
adjustment included in net periodic benefit costs | -160 | -135 | ||||||||||||||
Unrealized change in fair value of stock investments | -1 | 29 | ||||||||||||||
Realized change in fair value of stock investments | ||||||||||||||||
included in net income | -4 | - | ||||||||||||||
Total | -452 | -88 |
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Earnings Per Share | 5. Earnings Per Share | |||||||||||
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
2015 | 2014 | |||||||||||
Earnings per common share | ||||||||||||
Net income attributable to ExxonMobil (millions of dollars) | 4,940 | 9,100 | ||||||||||
Weighted average number of common shares outstanding (millions of shares) | 4,211 | 4,328 | ||||||||||
Earnings per common share (dollars) (1) | 1.17 | 2.1 | ||||||||||
(1) The calculation of earnings per common share and earnings per common share – assuming dilution are the same in each period shown. |
Pension_And_Other_Postretireme
Pension And Other Postretirement Benefits | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Pension And Other Postretirement Benefits [Abstract] | ||||||||||||
Pension And Other Postretirement Benefits | 6. Pension and Other Postretirement Benefits | |||||||||||
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
2015 | 2014 | |||||||||||
(millions of dollars) | ||||||||||||
Components of net benefit cost | ||||||||||||
Pension Benefits - U.S. | ||||||||||||
Service cost | 195 | 177 | ||||||||||
Interest cost | 196 | 202 | ||||||||||
Expected return on plan assets | -207 | -200 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 138 | 104 | ||||||||||
Net pension enhancement and curtailment/settlement cost | 117 | 112 | ||||||||||
Net benefit cost | 439 | 395 | ||||||||||
Pension Benefits - Non-U.S. | ||||||||||||
Service cost | 176 | 150 | ||||||||||
Interest cost | 218 | 285 | ||||||||||
Expected return on plan assets | -278 | -298 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 211 | 192 | ||||||||||
Net benefit cost | 327 | 329 | ||||||||||
Other Postretirement Benefits | ||||||||||||
Service cost | 37 | 37 | ||||||||||
Interest cost | 90 | 92 | ||||||||||
Expected return on plan assets | -7 | -9 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 45 | 43 | ||||||||||
Net benefit cost | 165 | 163 | ||||||||||
Financial_Instruments
Financial Instruments | 3 Months Ended |
Mar. 31, 2015 | |
Financial Instruments [Abstract] | |
Financial Instruments | 7. 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 $19,735 million at March 31, 2015, and $11,660 million at December 31, 2014, as compared to recorded book values of $19,155 million at March 31, 2015, and $11,278 million at December 31, 2014. The increase in the estimated fair value and book value of long-term debt reflects the Corporation’s issuance of $8.0 billion of long-term debt in the first quarter of 2015. The $8.0 billion of long-term debt is comprised of $500 million of floating-rate notes due in 2018, $500 million of floating-rate notes due in 2022, $1,600 million of 1.305% notes due in 2018, $1,500 million of 1.912% notes due in 2020, $1,150 million of 2.397% notes due in 2022, $1,750 million of 2.709% notes due in 2025, and $1,000 million of 3.567% notes due in 2045. | |
The fair value of long-term debt by hierarchy level at March 31, 2015, is: Level 1 $19,226 million; Level 2 $446 million; and Level 3 $63 million. Level 1 represents quoted prices in active markets. Level 2 includes debt whose fair value is based upon a publicly available index. Level 3 involves using internal data augmented by relevant market indicators if available. |
Disclosures_About_Segments_And
Disclosures About Segments And Related Information | 3 Months Ended | ||||||||||
Mar. 31, 2015 | |||||||||||
Disclosures About Segments And Related Information [Abstract] | |||||||||||
Disclosures About Segments And Related Information | 8. Disclosures about Segments and Related Information | ||||||||||
Three Months Ended | |||||||||||
March 31, | |||||||||||
2015 | 2014 | ||||||||||
Earnings After Income Tax | (millions of dollars) | ||||||||||
Upstream | |||||||||||
United States | -52 | 1,244 | |||||||||
Non-U.S. | 2,907 | 6,539 | |||||||||
Downstream | |||||||||||
United States | 567 | 623 | |||||||||
Non-U.S. | 1,100 | 190 | |||||||||
Chemical | |||||||||||
United States | 605 | 679 | |||||||||
Non-U.S. | 377 | 368 | |||||||||
All other | -564 | -543 | |||||||||
Corporate total | 4,940 | 9,100 | |||||||||
Sales and Other Operating Revenue (1) | |||||||||||
Upstream | |||||||||||
United States | 2,125 | 3,874 | |||||||||
Non-U.S. | 4,122 | 5,827 | |||||||||
Downstream | |||||||||||
United States | 18,389 | 30,412 | |||||||||
Non-U.S. | 33,162 | 51,288 | |||||||||
Chemical | |||||||||||
United States | 2,792 | 3,876 | |||||||||
Non-U.S. | 4,166 | 6,032 | |||||||||
All other | 2 | 3 | |||||||||
Corporate total | 64,758 | 101,312 | |||||||||
(1) Includes sales-based taxes | |||||||||||
Intersegment Revenue | |||||||||||
Upstream | |||||||||||
United States | 1,180 | 2,063 | |||||||||
Non-U.S. | 4,857 | 10,781 | |||||||||
Downstream | |||||||||||
United States | 3,076 | 4,909 | |||||||||
Non-U.S. | 5,273 | 12,842 | |||||||||
Chemical | |||||||||||
United States | 1,773 | 2,634 | |||||||||
Non-U.S. | 1,321 | 2,267 | |||||||||
All other | 68 | 67 |
Litigation_And_Other_Contingen1
Litigation And Other Contingencies (Tables) | 3 Months Ended | ||||||||||||||
Mar. 31, 2015 | |||||||||||||||
Litigation And Other Contingencies [Abstract] | |||||||||||||||
Schedule Of Guarantees | As of March 31, 2015 | ||||||||||||||
Equity | Other | ||||||||||||||
Company | Third Party | ||||||||||||||
Obligations (1) | Obligations | Total | |||||||||||||
(millions of dollars) | |||||||||||||||
Guarantees | |||||||||||||||
Debt-related | 88 | 38 | 126 | ||||||||||||
Other | 3,141 | 3,733 | 6,874 | ||||||||||||
Total | 3,229 | 3,771 | 7,000 | ||||||||||||
(1) ExxonMobil share |
Other_Comprehensive_Income_Inf1
Other Comprehensive Income Information (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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, 2013 | -846 | -9,879 | - | -10,725 | ||||||||||||
Current period change excluding amounts reclassified | ||||||||||||||||
from accumulated other comprehensive income | -555 | -93 | -54 | -702 | ||||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | 82 | 305 | - | 387 | ||||||||||||
Total change in accumulated other comprehensive income | -473 | 212 | -54 | -315 | ||||||||||||
Balance as of March 31, 2014 | -1,319 | -9,667 | -54 | -11,040 | ||||||||||||
Balance as of December 31, 2014 | -5,952 | -12,945 | -60 | -18,957 | ||||||||||||
Current period change excluding amounts reclassified | ||||||||||||||||
from accumulated other comprehensive income | -4,784 | 796 | 2 | -3,986 | ||||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | - | 340 | 8 | 348 | ||||||||||||
Total change in accumulated other comprehensive income | -4,784 | 1,136 | 10 | -3,638 | ||||||||||||
Balance as of March 31, 2015 | -10,736 | -11,809 | -50 | -22,595 | ||||||||||||
Reclassification Out Of Accumulated Other Comprehensive Income | Three Months Ended | |||||||||||||||
Amounts Reclassified Out of Accumulated Other | March 31, | |||||||||||||||
Comprehensive Income - Before-tax Income/(Expense) | 2015 | 2014 | ||||||||||||||
(millions of dollars) | ||||||||||||||||
Foreign exchange translation gain/(loss) included in net income | ||||||||||||||||
(Statement of Income line: Other income) | - | -82 | ||||||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||||
adjustment included in net periodic benefit costs (1) | -511 | -451 | ||||||||||||||
Realized change in fair value of stock investments included in net income | ||||||||||||||||
(Statement of Income line: Other income) | -12 | - | ||||||||||||||
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6 – Pension and Other Postretirement Benefits for additional details.) | ||||||||||||||||
Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income | Three Months Ended | |||||||||||||||
Income Tax (Expense)/Credit For | March 31, | |||||||||||||||
Components of Other Comprehensive Income | 2015 | 2014 | ||||||||||||||
(millions of dollars) | ||||||||||||||||
Foreign exchange translation adjustment | 90 | -32 | ||||||||||||||
Postretirement benefits reserves adjustment (excluding amortization) | -377 | 50 | ||||||||||||||
Amortization and settlement of postretirement benefits reserves | ||||||||||||||||
adjustment included in net periodic benefit costs | -160 | -135 | ||||||||||||||
Unrealized change in fair value of stock investments | -1 | 29 | ||||||||||||||
Realized change in fair value of stock investments | ||||||||||||||||
included in net income | -4 | - | ||||||||||||||
Total | -452 | -88 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Earnings Per Share Computation | Three Months Ended | |||||||||||
March 31, | ||||||||||||
2015 | 2014 | |||||||||||
Earnings per common share | ||||||||||||
Net income attributable to ExxonMobil (millions of dollars) | 4,940 | 9,100 | ||||||||||
Weighted average number of common shares outstanding (millions of shares) | 4,211 | 4,328 | ||||||||||
Earnings per common share (dollars) (1) | 1.17 | 2.1 | ||||||||||
(1) The calculation of earnings per common share and earnings per common share – assuming dilution are the same in each period shown. |
Pension_And_Other_Postretireme1
Pension And Other Postretirement Benefits (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Pension And Other Postretirement Benefits [Abstract] | ||||||||||||
Pension And Other Postretirement Benefits | Three Months Ended | |||||||||||
March 31, | ||||||||||||
2015 | 2014 | |||||||||||
(millions of dollars) | ||||||||||||
Components of net benefit cost | ||||||||||||
Pension Benefits - U.S. | ||||||||||||
Service cost | 195 | 177 | ||||||||||
Interest cost | 196 | 202 | ||||||||||
Expected return on plan assets | -207 | -200 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 138 | 104 | ||||||||||
Net pension enhancement and curtailment/settlement cost | 117 | 112 | ||||||||||
Net benefit cost | 439 | 395 | ||||||||||
Pension Benefits - Non-U.S. | ||||||||||||
Service cost | 176 | 150 | ||||||||||
Interest cost | 218 | 285 | ||||||||||
Expected return on plan assets | -278 | -298 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 211 | 192 | ||||||||||
Net benefit cost | 327 | 329 | ||||||||||
Other Postretirement Benefits | ||||||||||||
Service cost | 37 | 37 | ||||||||||
Interest cost | 90 | 92 | ||||||||||
Expected return on plan assets | -7 | -9 | ||||||||||
Amortization of actuarial loss/(gain) and prior service cost | 45 | 43 | ||||||||||
Net benefit cost | 165 | 163 | ||||||||||
Disclosures_About_Segments_And1
Disclosures About Segments And Related Information (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2015 | |||||||||||
Disclosures About Segments And Related Information [Abstract] | |||||||||||
Disclosures About Segments And Related Information | Three Months Ended | ||||||||||
March 31, | |||||||||||
2015 | 2014 | ||||||||||
Earnings After Income Tax | (millions of dollars) | ||||||||||
Upstream | |||||||||||
United States | -52 | 1,244 | |||||||||
Non-U.S. | 2,907 | 6,539 | |||||||||
Downstream | |||||||||||
United States | 567 | 623 | |||||||||
Non-U.S. | 1,100 | 190 | |||||||||
Chemical | |||||||||||
United States | 605 | 679 | |||||||||
Non-U.S. | 377 | 368 | |||||||||
All other | -564 | -543 | |||||||||
Corporate total | 4,940 | 9,100 | |||||||||
Sales and Other Operating Revenue (1) | |||||||||||
Upstream | |||||||||||
United States | 2,125 | 3,874 | |||||||||
Non-U.S. | 4,122 | 5,827 | |||||||||
Downstream | |||||||||||
United States | 18,389 | 30,412 | |||||||||
Non-U.S. | 33,162 | 51,288 | |||||||||
Chemical | |||||||||||
United States | 2,792 | 3,876 | |||||||||
Non-U.S. | 4,166 | 6,032 | |||||||||
All other | 2 | 3 | |||||||||
Corporate total | 64,758 | 101,312 | |||||||||
(1) Includes sales-based taxes | |||||||||||
Intersegment Revenue | |||||||||||
Upstream | |||||||||||
United States | 1,180 | 2,063 | |||||||||
Non-U.S. | 4,857 | 10,781 | |||||||||
Downstream | |||||||||||
United States | 3,076 | 4,909 | |||||||||
Non-U.S. | 5,273 | 12,842 | |||||||||
Chemical | |||||||||||
United States | 1,773 | 2,634 | |||||||||
Non-U.S. | 1,321 | 2,267 | |||||||||
All other | 68 | 67 |
Litigation_And_Other_Contingen2
Litigation And Other Contingencies (Narrative) (Details) (USD $) | Oct. 24, 2011 | Oct. 09, 2014 | Jun. 27, 2007 | 1-May-07 |
Production Sharing Contract (PSC) [Member] | ||||
Litigation And Other Contingencies [Line Items] | ||||
Percent interest in Erha block PSC | 56.25% | |||
Pending Or Threatened Litigation [Member] | ||||
Litigation And Other 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 | |||
Expropriation Of Assets [Member] | Mobil Cerro Negro, Ltd. (MCN) [Member] | ||||
Litigation And Other Contingencies [Line Items] | ||||
Percentage ownership interest in Cerro Negro Project | 41.67% | 41.67% | ||
Final award related to Cerro Negro Project arbitration | 1,600,000,000 | |||
Interest rate on award for Cerro Negro Project | 3.25% | |||
Earlier Cerro Negro award for breach of contractual obligations | $908,000,000 |
Litigation_And_Other_Contingen3
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) (USD $) | Mar. 31, 2015 | |
In Millions, unless otherwise specified | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $7,000 | |
Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 3,229 | [1] |
Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 3,771 | |
Debt Related Guarantees [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 126 | |
Debt Related Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 88 | [1] |
Debt Related Guarantees [Member] | Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 38 | |
Other Guarantees [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 6,874 | |
Other Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 3,141 | [1] |
Other Guarantees [Member] | Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $3,733 | |
[1] | ExxonMobil share |
Other_Comprehensive_Income_Inf2
Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | ($5,353) | ($786) |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 82 | |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 813 | -84 |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 351 | 316 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 2 | -54 |
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 8 | |
Beginning Balance, Total | -18,957 | |
Total other comprehensive income | -4,179 | -526 |
Ending Balance, Total | -22,595 | |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | ||
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment | -5,952 | -846 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | -4,784 | -555 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 82 | |
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | -4,784 | -473 |
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | -10,736 | -1,319 |
Beginning Balance, Postretirement Benefits Reserves Adjustment | -12,945 | -9,879 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 796 | -93 |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 340 | 305 |
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 1,136 | 212 |
Ending Balance, Postretirement Benefits Reserves Adjustment | -11,809 | -9,667 |
Beginning Balance, Unrealized Change in Stock Investments | -60 | |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 2 | -54 |
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 8 | |
Total change in accumulated other comprehensive income, Unrealized Change in Stock Investments | 10 | -54 |
Ending Balance, Unrealized Change in Stock Investments | -50 | -54 |
Beginning Balance, Total | -18,957 | -10,725 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | -3,986 | -702 |
Amounts reclassified from accumulated other comprehensive income, Total | 348 | 387 |
Total other comprehensive income | -3,638 | -315 |
Ending Balance, Total | ($22,595) | ($11,040) |
Other_Comprehensive_Income_Inf3
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) (Reclassification Out Of Accumulated Other Comprehensive Income [Member], USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other Income) | ($82) | |||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | -511 | [1] | -451 | [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) | ($12) | |||
[1] | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6 - 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 $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Other Comprehensive Income Information [Abstract] | ||
Foreign exchange translation adjustment | $90 | ($32) |
Postretirement benefits reserves adjustment (excluding amortization) | -377 | 50 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | -160 | -135 |
Unrealized change in fair value of stock investments | -1 | 29 |
Realized change in fair value of stock investments included in net income | -4 | |
Total | ($452) | ($88) |
Earnings_Per_Share_Earnings_Pe
Earnings Per Share (Earnings Per Share Computation) (Details) (USD $) | 3 Months Ended | |||
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Earnings per common share | ||||
Net income attributable to ExxonMobil | $4,940 | $9,100 | ||
Weighted average number of common shares outstanding | 4,211 | 4,328 | ||
Earnings per common share (dollars) | $1.17 | [1] | $2.10 | [1] |
[1] | The calculation of earnings per common share and earnings per common share-assuming dilution are the same in each period. |
Pension_And_Other_Postretireme2
Pension And Other Postretirement Benefits (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Pension Benefits - U.S. [Member] | ||
Service cost | $195 | $177 |
Interest cost | 196 | 202 |
Expected return on plan assets | -207 | -200 |
Amortization of actuarial loss/(gain) and prior service cost | 138 | 104 |
Net pension enhancement and curtailment/settlement cost | 117 | 112 |
Net benefit cost | 439 | 395 |
Pension Benefits - Non-U.S. [Member] | ||
Service cost | 176 | 150 |
Interest cost | 218 | 285 |
Expected return on plan assets | -278 | -298 |
Amortization of actuarial loss/(gain) and prior service cost | 211 | 192 |
Net benefit cost | 327 | 329 |
Other Postretirement Benefits [Member] | ||
Service cost | 37 | 37 |
Interest cost | 90 | 92 |
Expected return on plan assets | -7 | -9 |
Amortization of actuarial loss/(gain) and prior service cost | 45 | 43 |
Net benefit cost | $165 | $163 |
Financial_Instruments_Details
Financial Instruments (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Debt Instrument [Line Items] | |||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $19,735 | $11,660 | |
Recorded book values of total long-term debt, excluding capitalized lease obligations | 19,155 | 11,278 | |
Additions to long-term debt | 8,000 | 5,500 | |
Floating-Rate Notes Due 2018 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 500 | ||
Debt maturity | 1-Mar-18 | ||
Floating-Rate Notes Due 2022 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 500 | ||
Debt maturity | 6-Mar-22 | ||
1.305% Notes Due 2018 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 1,600 | ||
Interest rate | 1.31% | ||
Debt maturity | 6-Mar-18 | ||
1.912% Notes Due 2020 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 1,500 | ||
Interest rate | 1.91% | ||
Debt maturity | 6-Mar-20 | ||
2.397% Notes Due 2022 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 1,150 | ||
Interest rate | 2.40% | ||
Debt maturity | 6-Mar-22 | ||
2.709% Notes Due 2025 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 1,750 | ||
Interest rate | 2.71% | ||
Debt maturity | 6-Mar-25 | ||
3.567% Notes Due 2045 [Member] | |||
Debt Instrument [Line Items] | |||
Additions to long-term debt | 1,000 | ||
Interest rate | 3.57% | ||
Debt maturity | 6-Mar-45 | ||
Level 1 [Member] | |||
Debt Instrument [Line Items] | |||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 19,226 | ||
Level 2 [Member] | |||
Debt Instrument [Line Items] | |||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 446 | ||
Level 3 [Member] | |||
Debt Instrument [Line Items] | |||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $63 |
Disclosures_About_Segments_And2
Disclosures About Segments And Related Information (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | $4,940 | $9,100 | ||
Sales and other operating revenue | 64,758 | [1],[2] | 101,312 | [1],[2] |
Upstream United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | -52 | 1,244 | ||
Sales and other operating revenue | 2,125 | [1] | 3,874 | [1] |
Intersegment Revenue | 1,180 | 2,063 | ||
Upstream Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | 2,907 | 6,539 | ||
Sales and other operating revenue | 4,122 | [1] | 5,827 | [1] |
Intersegment Revenue | 4,857 | 10,781 | ||
Downstream United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | 567 | 623 | ||
Sales and other operating revenue | 18,389 | [1] | 30,412 | [1] |
Intersegment Revenue | 3,076 | 4,909 | ||
Downstream Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | 1,100 | 190 | ||
Sales and other operating revenue | 33,162 | [1] | 51,288 | [1] |
Intersegment Revenue | 5,273 | 12,842 | ||
Chemical United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | 605 | 679 | ||
Sales and other operating revenue | 2,792 | [1] | 3,876 | [1] |
Intersegment Revenue | 1,773 | 2,634 | ||
Chemical Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | 377 | 368 | ||
Sales and other operating revenue | 4,166 | [1] | 6,032 | [1] |
Intersegment Revenue | 1,321 | 2,267 | ||
All Other [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings after income tax | -564 | -543 | ||
Sales and other operating revenue | 2 | [1] | 3 | [1] |
Intersegment Revenue | $68 | $67 | ||
[1] | Includes sales-based taxes | |||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2015, and 2014, were $5,530 million and $7,416 million, respectively. |