Document And Entity Information
Document And Entity Information - Jun. 30, 2015 - shares | Total |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2015 |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | Q2 |
Trading Symbol | XOM |
Entity Registrant Name | EXXON MOBIL CORP |
Entity Central Index Key | 34,088 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 4,169,448,719 |
Condensed Consolidated Statemen
Condensed Consolidated Statement Of Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Revenues and other income | |||||
Sales and other operating revenue | [1],[2] | $ 71,360 | $ 105,719 | $ 136,118 | $ 207,031 |
Income from equity affiliates | 2,081 | 3,312 | 4,342 | 7,420 | |
Other income | 672 | 2,177 | 1,271 | 3,082 | |
Total revenues and other income | 74,113 | 111,208 | 141,731 | 217,533 | |
Costs and other deductions | |||||
Crude oil and product purchases | 37,312 | 62,210 | 70,010 | 120,076 | |
Production and manufacturing expenses | 9,235 | 10,478 | 17,965 | 20,566 | |
Selling, general and administrative expenses | 2,831 | 3,169 | 5,544 | 6,301 | |
Depreciation and depletion | 4,451 | 4,285 | 8,751 | 8,477 | |
Exploration expenses, including dry holes | 370 | 496 | 681 | 813 | |
Interest expense | 85 | 64 | 173 | 130 | |
Sales-based taxes | [2] | 5,965 | 7,871 | 11,495 | 15,287 |
Other taxes and duties | 6,910 | 8,484 | 13,523 | 16,505 | |
Total costs and other deductions | 67,159 | 97,057 | 128,142 | 188,155 | |
Income before income taxes | 6,954 | 14,151 | 13,589 | 29,378 | |
Income taxes | 2,692 | 5,034 | 4,252 | 10,891 | |
Net income including noncontrolling interests | 4,262 | 9,117 | 9,337 | 18,487 | |
Net income attributable to noncontrolling interests | 72 | 337 | 207 | 607 | |
Net income attributable to ExxonMobil | $ 4,190 | $ 8,780 | $ 9,130 | $ 17,880 | |
Earnings per common share (dollars) | [3] | $ 1 | $ 2.05 | $ 2.17 | $ 4.15 |
Earnings per common share - assuming dilution (dollars) | 1 | 2.05 | 2.17 | 4.15 | |
Dividends per common share (dollars) | $ 0.73 | $ 0.69 | $ 1.42 | $ 1.32 | |
[1] | Includes sales-based taxes | ||||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended June 30, 2015, and 2014, were $5,965 million and $7,871 million, respectively, and for the six months ended June 30, 2015, and 2014, were $11,495 million and $15,287 million, respectively. | ||||
[3] | The calculation of earnings per common share and earnings per common share - assuming dilution are the same in each period. |
Condensed Consolidated Stateme3
Condensed Consolidated Statement Of Income (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Condensed Consolidated Statement Of Income [Abstract] | |||||
Sales-based taxes included in sales and other operating revenue | [1] | $ 5,965 | $ 7,871 | $ 11,495 | $ 15,287 |
[1] | Sales-based taxes included in sales and other operating revenue for the three months ended June 30, 2015, and 2014, were $5,965 million and $7,871 million, respectively, and for the six months ended June 30, 2015, and 2014, were $11,495 million and $15,287 million, respectively. |
Condensed Consolidated Stateme4
Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Condensed Consolidated Statement Of Comprehensive Income [Abstract] | ||||
Net income including noncontrolling interests | $ 4,262 | $ 9,117 | $ 9,337 | $ 18,487 |
Other comprehensive income (net of income taxes) | ||||
Foreign exchange translation adjustment | 997 | 1,628 | (4,356) | 842 |
Adjustment for foreign exchange translation (gain)/loss included in net income | 81 | 163 | ||
Postretirement benefits reserves adjustment (excluding amortization) | (186) | (92) | 627 | (176) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 357 | 313 | 708 | 629 |
Unrealized change in fair value of stock investments | 17 | 18 | 19 | (36) |
Realized (gain)/loss from stock investments included in net income | 4 | 12 | ||
Total other comprehensive income | 1,189 | 1,948 | (2,990) | 1,422 |
Comprehensive income including noncontrolling interests | 5,451 | 11,065 | 6,347 | 19,909 |
Comprehensive income attributable to noncontrolling interests | 159 | 556 | (247) | 615 |
Comprehensive income attributable to ExxonMobil | $ 5,292 | $ 10,509 | $ 6,594 | $ 19,294 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheet - USD ($) $ in Millions | Jun. 30, 2015 | Dec. 31, 2014 |
Current assets | ||
Cash and cash equivalents | $ 4,343 | $ 4,616 |
Cash and cash equivalents - restricted | 35 | 42 |
Notes and accounts receivable - net | 25,957 | 28,009 |
Inventories | ||
Crude oil, products and merchandise | 12,299 | 12,384 |
Materials and supplies | 4,364 | 4,294 |
Other current assets | 4,649 | 3,565 |
Total current assets | 51,647 | 52,910 |
Investments, advances and long-term receivables | 34,162 | 35,239 |
Property, plant and equipment - net | 253,653 | 252,668 |
Other assets, including intangibles - net | 8,798 | 8,676 |
Total assets | 348,260 | 349,493 |
Current liabilities | ||
Notes and loans payable | 14,409 | 17,468 |
Accounts payable and accrued liabilities | 39,914 | 42,227 |
Income taxes payable | 4,049 | 4,938 |
Total current liabilities | 58,372 | 64,633 |
Long-term debt | 19,431 | 11,653 |
Postretirement benefits reserves | 25,039 | 25,802 |
Deferred income tax liabilities | 39,419 | 39,230 |
Long-term obligations to equity companies | 5,487 | 5,325 |
Other long-term obligations | 21,514 | 21,786 |
Total liabilities | $ 169,262 | $ 168,429 |
Commitments and contingencies (Note 3) | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | $ 11,224 | $ 10,792 |
Earnings reinvested | 411,538 | 408,384 |
Accumulated other comprehensive income | (21,493) | (18,957) |
Common stock held in treasury (3,850 million shares at Jun. 30, 2015 and 3,818 million shares at Dec. 31, 2014) | (228,601) | (225,820) |
ExxonMobil share of equity | 172,668 | 174,399 |
Noncontrolling interests | 6,330 | 6,665 |
Total equity | 178,998 | 181,064 |
Total liabilities and equity | $ 348,260 | $ 349,493 |
Condensed Consolidated Balance6
Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions, None in scaling factor is -9223372036854775296 | Jun. 30, 2015 | Dec. 31, 2014 |
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 | 3,850 | 3,818 |
Condensed Consolidated Stateme7
Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash flows from operating activities | ||
Net income including noncontrolling interests | $ 9,337 | $ 18,487 |
Depreciation and depletion | 8,751 | 8,477 |
Changes in operational working capital, excluding cash and debt | (1,533) | 3 |
All other items - net | 235 | (1,662) |
Net cash provided by operating activities | 16,790 | 25,305 |
Cash flows from investing activities | ||
Additions to property, plant and equipment | (13,953) | (15,870) |
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | 1,113 | 3,667 |
Additional investments and advances | (363) | (678) |
Other investing activities - net | 360 | 2,398 |
Net cash used in investing activities | (12,843) | (10,483) |
Cash flows from financing activities | ||
Additions to long-term debt | 8,000 | 5,500 |
Reductions in long-term debt | (13) | |
Additions/(reductions) in short-term debt - net | (414) | (489) |
Additions/(reductions) in debt with three months or less maturity | (2,773) | (5,747) |
Cash dividends to ExxonMobil shareholders | (5,976) | (5,698) |
Cash dividends to noncontrolling interests | (88) | (131) |
Tax benefits related to stock-based awards | 7 | |
Common stock acquired | (2,784) | (6,863) |
Common stock sold | 9 | |
Net cash used in financing activities | (4,048) | (13,412) |
Effects of exchange rate changes on cash | (172) | 29 |
Increase/(decrease) in cash and cash equivalents | (273) | 1,439 |
Cash and cash equivalents at beginning of period | 4,616 | 4,644 |
Cash and cash equivalents at end of period | 4,343 | 6,083 |
Supplemental Disclosures | ||
Income taxes paid | 4,072 | 10,366 |
Cash interest paid | $ 263 | $ 174 |
Condensed Consolidated Stateme8
Condensed Consolidated Statement Of Changes In Equity - USD ($) shares in Millions, $ in Millions | 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] |
Balance at Dec. 31, 2013 | $ 180,495 | $ 10,077 | $ 387,432 | $ (10,725) | $ (212,781) | $ 174,003 | $ 6,492 |
Balance (in shares) - issued at Dec. 31, 2013 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2013 | (3,684) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2013 | 4,335 | ||||||
Amortization of stock-based awards | $ 402 | 402 | 402 | ||||
Tax benefits related to stock-based awards | 7 | 7 | 7 | ||||
Other | 1 | 1 | 1 | ||||
Net income for the period | 18,487 | 17,880 | 17,880 | 607 | |||
Dividends - common shares (company) | (5,698) | (5,698) | |||||
Dividends - common shares (NCI) | (131) | ||||||
Dividends - common shares (total) | (5,829) | ||||||
Other comprehensive income | 1,422 | 1,414 | 1,414 | 8 | |||
Acquisitions, at cost (company) | (6,863) | (6,863) | |||||
Acquisitions, at cost (total) | $ (6,863) | ||||||
Acquisitions (in shares) | (70) | ||||||
Dispositions | $ 9 | 9 | 9 | ||||
Balance at Jun. 30, 2014 | $ 188,131 | 10,487 | 399,614 | (9,311) | (219,635) | 181,155 | 6,976 |
Balance (in shares) - issued at Jun. 30, 2014 | 8,019 | ||||||
Balance (in shares) - in treasury at Jun. 30, 2014 | (3,754) | ||||||
Balance (in shares) - outstanding at Jun. 30, 2014 | 4,265 | ||||||
Balance at Dec. 31, 2014 | $ 181,064 | 10,792 | 408,384 | (18,957) | (225,820) | 174,399 | 6,665 |
Balance (in shares) - issued at Dec. 31, 2014 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2014 | (3,818) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2014 | 4,201 | ||||||
Amortization of stock-based awards | $ 429 | 429 | 429 | ||||
Tax benefits related to stock-based awards | 6 | 6 | 6 | ||||
Other | (3) | (3) | (3) | ||||
Net income for the period | 9,337 | 9,130 | 9,130 | 207 | |||
Dividends - common shares (company) | (5,976) | (5,976) | |||||
Dividends - common shares (NCI) | (88) | ||||||
Dividends - common shares (total) | (6,064) | ||||||
Other comprehensive income | (2,990) | (2,536) | (2,536) | (454) | |||
Acquisitions, at cost (company) | (2,784) | (2,784) | |||||
Acquisitions, at cost (total) | $ (2,784) | ||||||
Acquisitions (in shares) | (32) | ||||||
Dispositions | $ 3 | 3 | 3 | ||||
Balance at Jun. 30, 2015 | $ 178,998 | $ 11,224 | $ 411,538 | $ (21,493) | $ (228,601) | $ 172,668 | $ 6,330 |
Balance (in shares) - issued at Jun. 30, 2015 | 8,019 | ||||||
Balance (in shares) - in treasury at Jun. 30, 2015 | (3,850) | ||||||
Balance (in shares) - outstanding at Jun. 30, 2015 | 4,169 |
Basis Of Financial Statement Pr
Basis Of Financial Statement Preparation | 6 Months Ended |
Jun. 30, 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 fai r statement of the results fo r 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 Stan
Recently Issued Accounting Standard | 6 Months Ended |
Jun. 30, 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 expected to be a dopted beginning January 1, 2018 . ExxonMobil is evaluating the standard and its effect on the Corporation’s financial statements. |
Litigation And Other Contingenc
Litigation And Other Contingencies | 6 Months Ended |
Jun. 30, 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 b ut 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 o f 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 t o 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 upo n 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 June 30, 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 C orporation’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. As of June 30, 2015 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 86 38 124 Other 3,015 4,151 7,166 Total 3,101 4,189 7,290 (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 June 30, 2015 , were similar to those at the prior year-end period. Unconditional purchase obligations as defined by accounting standards are those long-term c ommitments 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 cou ntry 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 Negr o 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 Pd VSA’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 ac tivities” 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 Proj ect. On September 6, 2007, affi liates of ExxonMobil filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes (ICSI D) . The ICSID Tribunal issued a decision on June 10, 2010, finding that it had jurisdiction to proceed on the basis of the Netherl ands-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, J une 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 ICSI D 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) . On June 12, 2015, the Tribunal rejected in its entirety Venezuela’s Oct ober 23, 2014, application to revise the ICSID award. The Tribunal also lifted the associated stay of enforcement that had been entered upon the filing of the application to revise. Still pending is Venezuela’s February 2, 2015, application to ICSID seekin g annulment of the ICSID award. That 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. A separate stay of t he ICSID award was entered following the filing of the annulment application. On July 7, 2015, the ICSID Committee considering the annulment application heard arguments from the parties on whether to lift the stay of the award associated with that applicat ion. On July 28, 2015, the Committee issued an order that would lift the stay of enforcement unless, within 30 days, Venezuela delivers a commitment to pay the award if the application to annul is denied. In that event, the ICSID Committee would require, as a c ondition to the lifting of the stay, that the ExxonMobil affiliates give a commitment within 15 days that any attempt to enforce the ICSID award will take full account of the requirement in the award to avoid double recovery of amounts received under the ICC award. The United States District Court for th e Southern District of New York entered judgment on the ICSID award on October 10, 2014. Motions filed by Venezuela to vacate that judgment on procedural grounds and 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, were denied on February 13, 2015, and March 4, 2015, respectively. On March 9, 2015, Venezuela filed a notice of appeal of the court’s actions on the two motions. The District Court’s judgmen t on the ICSID award is currently stayed until such time as ICSID’s stay of the award entered following Venezuela’s filing of its application to annul has been lifted. The net impact of these matters on the Corporation’s consolidated financial results cann ot 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 entitleme nt 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 upho lding 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 o f 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 hig h 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 arbitr ation 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 Info
Other Comprehensive Income Information | 6 Months Ended |
Jun. 30, 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 849 (168) (36) 645 Amounts reclassified from accumulated other comprehensive income 163 606 - 769 Total change in accumulated other comprehensive income 1,012 438 (36) 1,414 Balance as of June 30, 2014 166 (9,441) (36) (9,311) Balance as of December 31, 2014 (5,952) (12,945) (60) (18,957) Current period change excluding amounts reclassified from accumulated other comprehensive income (3,873) 620 19 (3,234) Amounts reclassified from accumulated other comprehensive income - 686 12 698 Total change in accumulated other comprehensive income (3,873) 1,306 31 (2,536) Balance as of June 30, 2015 (9,825) (11,639) (29) (21,493) Three Months Ended Six Months Ended Amounts Reclassified Out of Accumulated Other June 30, June 30, Comprehensive Income - Before-tax Income/(Expense) 2015 2014 2015 2014 (millions of dollars) Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) - (81) - (163) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (507) (434) (1,018) (885) Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) (6) - (18) - (1) These accumulated other comprehensive income components are included in the computation of net pe riodic pension cost. (See Note 6 – Pension and Other Postretirement Benefits for additional details.) Three Months Ended Six Months Ended Income Tax (Expense)/Credit For June 30, June 30, Components of Other Comprehensive Income 2015 2014 2015 2014 (millions of dollars) Foreign exchange translation adjustment (25) 61 65 29 Postretirement benefits reserves adjustment (excluding amortization) 75 27 (302) 77 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (150) (121) (310) (256) Unrealized change in fair value of stock investments (10) (10) (11) 19 Realized change in fair value of stock investments included in net income (2) - (6) - Total (112) (43) (564) (131) |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 5 . Earnings Per Share Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 4,190 8,780 9,130 17,880 Weighted average number of common shares outstanding (millions of shares) 4,200 4,297 4,205 4,312 Earnings per common share (dollars) (1) 1.00 2.05 2.17 4.15 (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 Postretiremen
Pension And Other Postretirement Benefits | 6 Months Ended |
Jun. 30, 2015 | |
Pension And Other Postretirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | 6 . Pension and Other Postretirement Benefits Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 199 182 394 359 Interest cost 197 201 393 403 Expected return on plan assets (207) (200) (414) (400) Amortization of actuarial loss/(gain) and prior service cost 136 104 274 208 Net pension enhancement and curtailment/settlement cost 117 113 234 225 Net benefit cost 442 400 881 795 Pension Benefits - Non-U.S. Service cost 172 154 348 304 Interest cost 212 289 430 574 Expected return on plan assets (273) (301) (551) (599) Amortization of actuarial loss/(gain) and prior service cost 208 189 419 381 Net benefit cost 319 331 646 660 Other Postretirement Benefits Service cost 48 38 85 75 Interest cost 83 112 173 204 Expected return on plan assets (7) (11) (14) (20) Amortization of actuarial loss/(gain) and prior service cost 46 28 91 71 Net benefit cost 170 167 335 330 |
Financial Instruments
Financial Instruments | 6 Months Ended |
Jun. 30, 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 valuat ion 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 $ 19,001 m illion at June 30, 2015 , and $ 11,660 m illion at December 31, 2014 , as com pared to recorded book values of $ 18,857 m illion at June 30, 2015 , and $ 11,278 m illion 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 bil lion 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 mil lion 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 June 30, 2015 , is: Level 1 $ 18,577 million; Level 2 $ 362 million; and Level 3 $ 62 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 | 6 Months Ended |
Jun. 30, 2015 | |
Disclosures About Segments And Related Information [Abstract] | |
Disclosures About Segments And Related Information | 8 . Disclosures about Segments and Related Information Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Earnings After Income Tax (millions of dollars) Upstream United States (47) 1,193 (99) 2,437 Non-U.S. 2,078 6,688 4,985 13,227 Downstream United States 412 536 979 1,159 Non-U.S. 1,094 175 2,194 365 Chemical United States 735 528 1,340 1,207 Non-U.S. 511 313 888 681 All other (593) (653) (1,157) (1,196) Corporate total 4,190 8,780 9,130 17,880 Sales and Other Operating Revenue (1) Upstream United States 2,231 3,886 4,356 7,760 Non-U.S. 4,386 6,413 8,508 12,240 Downstream United States 20,794 32,431 39,183 62,843 Non-U.S. 36,496 53,176 69,658 104,464 Chemical United States 2,788 3,750 5,580 7,626 Non-U.S. 4,663 6,052 8,829 12,084 All other 2 11 4 14 Corporate total 71,360 105,719 136,118 207,031 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 1,224 2,204 2,404 4,267 Non-U.S. 6,086 10,080 10,943 20,861 Downstream United States 3,549 4,147 6,625 9,056 Non-U.S. 6,527 12,557 11,800 25,399 Chemical United States 2,134 2,553 3,907 5,187 Non-U.S. 1,362 2,457 2,683 4,724 All other 70 71 138 138 |
Litigation And Other Continge17
Litigation And Other Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Litigation And Other Contingencies [Abstract] | |
Schedule Of Guarantees | As of June 30, 2015 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 86 38 124 Other 3,015 4,151 7,166 Total 3,101 4,189 7,290 (1) ExxonMobil share |
Other Comprehensive Income In18
Other Comprehensive Income Information (Tables) | 6 Months Ended |
Jun. 30, 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 849 (168) (36) 645 Amounts reclassified from accumulated other comprehensive income 163 606 - 769 Total change in accumulated other comprehensive income 1,012 438 (36) 1,414 Balance as of June 30, 2014 166 (9,441) (36) (9,311) Balance as of December 31, 2014 (5,952) (12,945) (60) (18,957) Current period change excluding amounts reclassified from accumulated other comprehensive income (3,873) 620 19 (3,234) Amounts reclassified from accumulated other comprehensive income - 686 12 698 Total change in accumulated other comprehensive income (3,873) 1,306 31 (2,536) Balance as of June 30, 2015 (9,825) (11,639) (29) (21,493) |
Reclassification Out Of Accumulated Other Comprehensive Income | Three Months Ended Six Months Ended Amounts Reclassified Out of Accumulated Other June 30, June 30, Comprehensive Income - Before-tax Income/(Expense) 2015 2014 2015 2014 (millions of dollars) Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) - (81) - (163) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (507) (434) (1,018) (885) Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) (6) - (18) - (1) These accumulated other comprehensive income components are included in the computation of net pe riodic 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 Six Months Ended Income Tax (Expense)/Credit For June 30, June 30, Components of Other Comprehensive Income 2015 2014 2015 2014 (millions of dollars) Foreign exchange translation adjustment (25) 61 65 29 Postretirement benefits reserves adjustment (excluding amortization) 75 27 (302) 77 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (150) (121) (310) (256) Unrealized change in fair value of stock investments (10) (10) (11) 19 Realized change in fair value of stock investments included in net income (2) - (6) - Total (112) (43) (564) (131) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Computation | Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 4,190 8,780 9,130 17,880 Weighted average number of common shares outstanding (millions of shares) 4,200 4,297 4,205 4,312 Earnings per common share (dollars) (1) 1.00 2.05 2.17 4.15 (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 Postretirem20
Pension And Other Postretirement Benefits (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Pension And Other Postretirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 199 182 394 359 Interest cost 197 201 393 403 Expected return on plan assets (207) (200) (414) (400) Amortization of actuarial loss/(gain) and prior service cost 136 104 274 208 Net pension enhancement and curtailment/settlement cost 117 113 234 225 Net benefit cost 442 400 881 795 Pension Benefits - Non-U.S. Service cost 172 154 348 304 Interest cost 212 289 430 574 Expected return on plan assets (273) (301) (551) (599) Amortization of actuarial loss/(gain) and prior service cost 208 189 419 381 Net benefit cost 319 331 646 660 Other Postretirement Benefits Service cost 48 38 85 75 Interest cost 83 112 173 204 Expected return on plan assets (7) (11) (14) (20) Amortization of actuarial loss/(gain) and prior service cost 46 28 91 71 Net benefit cost 170 167 335 330 |
Disclosures About Segments An21
Disclosures About Segments And Related Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosures About Segments And Related Information [Abstract] | |
Disclosures About Segments And Related Information | Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Earnings After Income Tax (millions of dollars) Upstream United States (47) 1,193 (99) 2,437 Non-U.S. 2,078 6,688 4,985 13,227 Downstream United States 412 536 979 1,159 Non-U.S. 1,094 175 2,194 365 Chemical United States 735 528 1,340 1,207 Non-U.S. 511 313 888 681 All other (593) (653) (1,157) (1,196) Corporate total 4,190 8,780 9,130 17,880 Sales and Other Operating Revenue (1) Upstream United States 2,231 3,886 4,356 7,760 Non-U.S. 4,386 6,413 8,508 12,240 Downstream United States 20,794 32,431 39,183 62,843 Non-U.S. 36,496 53,176 69,658 104,464 Chemical United States 2,788 3,750 5,580 7,626 Non-U.S. 4,663 6,052 8,829 12,084 All other 2 11 4 14 Corporate total 71,360 105,719 136,118 207,031 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 1,224 2,204 2,404 4,267 Non-U.S. 6,086 10,080 10,943 20,861 Downstream United States 3,549 4,147 6,625 9,056 Non-U.S. 6,527 12,557 11,800 25,399 Chemical United States 2,134 2,553 3,907 5,187 Non-U.S. 1,362 2,457 2,683 4,724 All other 70 71 138 138 |
Litigation And Other Continge22
Litigation And Other Contingencies (Narrative) (Details) - USD ($) | Oct. 09, 2014 | Oct. 24, 2011 | Jun. 27, 2007 | May. 01, 2007 |
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 Continge23
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions | Jun. 30, 2015USD ($) | |
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $ 7,290 | |
Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | [1] | 3,101 |
Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 4,189 | |
Debt Related Guarantees [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 124 | |
Debt Related Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | [1] | 86 |
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 | 7,166 | |
Other Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | [1] | 3,015 |
Other Guarantees [Member] | Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $ 4,151 | |
[1] | ExxonMobil share |
Other Comprehensive Income In24
Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | $ 997 | $ 1,628 | $ (4,356) | $ 842 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 81 | 163 | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | (186) | (92) | 627 | (176) |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 357 | 313 | 708 | 629 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 17 | 18 | 19 | (36) |
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 4 | 12 | ||
Beginning Balance, Total | (18,957) | |||
Total other comprehensive income | 1,189 | 1,948 | (2,990) | 1,422 |
Ending Balance, Total | (21,493) | (21,493) | ||
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 | (3,873) | 849 | ||
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 163 | |||
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (3,873) | 1,012 | ||
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | (9,825) | 166 | (9,825) | 166 |
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 | 620 | (168) | ||
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 686 | 606 | ||
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 1,306 | 438 | ||
Ending Balance, Postretirement Benefits Reserves Adjustment | (11,639) | (9,441) | (11,639) | (9,441) |
Beginning Balance, Unrealized Change in Stock Investments | (60) | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 19 | (36) | ||
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 12 | |||
Total change in accumulated other comprehensive income, Unrealized Change in Stock Investments | 31 | (36) | ||
Ending Balance, Unrealized Change in Stock Investments | (29) | (36) | (29) | (36) |
Beginning Balance, Total | (18,957) | (10,725) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | (3,234) | 645 | ||
Amounts reclassified from accumulated other comprehensive income, Total | 698 | 769 | ||
Total other comprehensive income | (2,536) | 1,414 | ||
Ending Balance, Total | $ (21,493) | $ (9,311) | $ (21,493) | $ (9,311) |
Other Comprehensive Income In25
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - Reclassification Out Of Accumulated Other Comprehensive Income [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other Income) | $ (81) | $ (163) | |||
Accumulated Defined Benefit Plans Adjustment [Member] | |||||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | [1] | $ (507) | $ (434) | $ (1,018) | $ (885) |
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) | $ (6) | $ (18) | |||
[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 In26
Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Other Comprehensive Income Information [Abstract] | ||||
Foreign exchange translation adjustment | $ (25) | $ 61 | $ 65 | $ 29 |
Postretirement benefits reserves adjustment (excluding amortization) | 75 | 27 | (302) | 77 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | (150) | (121) | (310) | (256) |
Unrealized change in fair value of stock investments | (10) | (10) | (11) | 19 |
Realized change in fair value of stock investments included in net income | (2) | (6) | ||
Total | $ (112) | $ (43) | $ (564) | $ (131) |
Earnings Per Share (Earnings Pe
Earnings Per Share (Earnings Per Share Computation) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Earnings per common share | |||||
Net income attributable to ExxonMobil | $ 4,190 | $ 8,780 | $ 9,130 | $ 17,880 | |
Weighted average number of common shares outstanding | 4,200 | 4,297 | 4,205 | 4,312 | |
Earnings per common share (dollars) | [1] | $ 1 | $ 2.05 | $ 2.17 | $ 4.15 |
[1] | The calculation of earnings per common share and earnings per common share - assuming dilution are the same in each period. |
Pension And Other Postretirem28
Pension And Other Postretirement Benefits (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Pension Benefits - U.S. [Member] | ||||
Service cost | $ 199 | $ 182 | $ 394 | $ 359 |
Interest cost | 197 | 201 | 393 | 403 |
Expected return on plan assets | (207) | (200) | (414) | (400) |
Amortization of actuarial loss/(gain) and prior service cost | 136 | 104 | 274 | 208 |
Net pension enhancement and curtailment/settlement cost | 117 | 113 | 234 | 225 |
Net benefit cost | 442 | 400 | 881 | 795 |
Pension Benefits - Non-U.S. [Member] | ||||
Service cost | 172 | 154 | 348 | 304 |
Interest cost | 212 | 289 | 430 | 574 |
Expected return on plan assets | (273) | (301) | (551) | (599) |
Amortization of actuarial loss/(gain) and prior service cost | 208 | 189 | 419 | 381 |
Net benefit cost | 319 | 331 | 646 | 660 |
Other Postretirement Benefits [Member] | ||||
Service cost | 48 | 38 | 85 | 75 |
Interest cost | 83 | 112 | 173 | 204 |
Expected return on plan assets | (7) | (11) | (14) | (20) |
Amortization of actuarial loss/(gain) and prior service cost | 46 | 28 | 91 | 71 |
Net benefit cost | $ 170 | $ 167 | $ 335 | $ 330 |
Financial Instruments (Details)
Financial Instruments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 19,001 | $ 11,660 | ||
Recorded book values of total long-term debt, excluding capitalized lease obligations | 18,857 | $ 11,278 | ||
Additions to long-term debt | $ 8,000 | 8,000 | $ 5,500 | |
Floating-Rate Notes Due 2018 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 500 | |||
Debt maturity | Mar. 1, 2018 | |||
Floating-Rate Notes Due 2022 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 500 | |||
Debt maturity | Mar. 6, 2022 | |||
1.305% Notes Due 2018 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,600 | |||
Interest rate | 1.305% | |||
Debt maturity | Mar. 6, 2018 | |||
1.912% Notes Due 2020 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,500 | |||
Interest rate | 1.912% | |||
Debt maturity | Mar. 6, 2020 | |||
2.397% Notes Due 2022 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,150 | |||
Interest rate | 2.397% | |||
Debt maturity | Mar. 6, 2022 | |||
2.709% Notes Due 2025 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,750 | |||
Interest rate | 2.709% | |||
Debt maturity | Mar. 6, 2025 | |||
3.567% Notes Due 2045 [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,000 | |||
Interest rate | 3.567% | |||
Debt maturity | Mar. 6, 2045 | |||
Level 1 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 18,577 | |||
Level 2 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 362 | |||
Level 3 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 62 |
Disclosures About Segments An30
Disclosures About Segments And Related Information (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | $ 4,190 | $ 8,780 | $ 9,130 | $ 17,880 | |
Sales and other operating revenue | [1],[2] | 71,360 | 105,719 | 136,118 | 207,031 |
Upstream United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | (47) | 1,193 | (99) | 2,437 | |
Sales and other operating revenue | [1] | 2,231 | 3,886 | 4,356 | 7,760 |
Intersegment Revenue | 1,224 | 2,204 | 2,404 | 4,267 | |
Upstream Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 2,078 | 6,688 | 4,985 | 13,227 | |
Sales and other operating revenue | [1] | 4,386 | 6,413 | 8,508 | 12,240 |
Intersegment Revenue | 6,086 | 10,080 | 10,943 | 20,861 | |
Downstream United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 412 | 536 | 979 | 1,159 | |
Sales and other operating revenue | [1] | 20,794 | 32,431 | 39,183 | 62,843 |
Intersegment Revenue | 3,549 | 4,147 | 6,625 | 9,056 | |
Downstream Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 1,094 | 175 | 2,194 | 365 | |
Sales and other operating revenue | [1] | 36,496 | 53,176 | 69,658 | 104,464 |
Intersegment Revenue | 6,527 | 12,557 | 11,800 | 25,399 | |
Chemical United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 735 | 528 | 1,340 | 1,207 | |
Sales and other operating revenue | [1] | 2,788 | 3,750 | 5,580 | 7,626 |
Intersegment Revenue | 2,134 | 2,553 | 3,907 | 5,187 | |
Chemical Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 511 | 313 | 888 | 681 | |
Sales and other operating revenue | [1] | 4,663 | 6,052 | 8,829 | 12,084 |
Intersegment Revenue | 1,362 | 2,457 | 2,683 | 4,724 | |
All Other [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | (593) | (653) | (1,157) | (1,196) | |
Sales and other operating revenue | [1] | 2 | 11 | 4 | 14 |
Intersegment Revenue | $ 70 | $ 71 | $ 138 | $ 138 | |
[1] | Includes sales-based taxes | ||||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended June 30, 2015, and 2014, were $5,965 million and $7,871 million, respectively, and for the six months ended June 30, 2015, and 2014, were $11,495 million and $15,287 million, respectively. |