Document And Entity Information
Document And Entity Information | 9 Months Ended |
Sep. 30, 2016shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q3 |
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 | 4,146,693,326 |
Condensed Consolidated Statemen
Condensed Consolidated Statement Of Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | ||
Revenues and other income | |||||
Sales and other operating revenue | [1],[2] | $ 56,767 | $ 65,679 | $ 160,232 | $ 201,797 |
Income from equity affiliates | 1,103 | 1,783 | 3,478 | 6,125 | |
Other income | 807 | (118) | 1,368 | 1,153 | |
Total revenues and other income | 58,677 | 67,344 | 165,078 | 209,075 | |
Costs and other deductions | |||||
Crude oil and product purchases | 28,035 | 32,276 | 75,872 | 102,286 | |
Production and manufacturing expenses | 7,709 | 8,614 | 23,346 | 26,579 | |
Selling, general and administrative expenses | 2,736 | 2,967 | 7,975 | 8,511 | |
Depreciation and depletion | 4,605 | 4,542 | 14,191 | 13,293 | |
Exploration expenses, including dry holes | 327 | 324 | 1,127 | 1,005 | |
Interest expense | 106 | 78 | 258 | 251 | |
Sales-based taxes | [2] | 5,437 | 5,813 | 15,687 | 17,308 |
Other taxes and duties | 6,496 | 6,981 | 19,270 | 20,504 | |
Total costs and other deductions | 55,451 | 61,595 | 157,726 | 189,737 | |
Income before income taxes | 3,226 | 5,749 | 7,352 | 19,338 | |
Income taxes | 337 | 1,365 | 1,001 | 5,617 | |
Net income including noncontrolling interests | 2,889 | 4,384 | 6,351 | 13,721 | |
Net income attributable to noncontrolling interests | 239 | 144 | 191 | 351 | |
Net income attributable to ExxonMobil | $ 2,650 | $ 4,240 | $ 6,160 | $ 13,370 | |
Earnings per common share (dollars) | [3] | $ 0.63 | $ 1.01 | $ 1.47 | $ 3.18 |
Earnings per common share - assuming dilution (dollars) | 0.63 | 1.01 | 1.47 | 3.18 | |
Dividends per common share (dollars) | $ 0.75 | $ 0.73 | $ 2.23 | $ 2.15 | |
[1] | Includes sales-based taxes | ||||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended September 30, 2016, and 2015, were $5,437 million and $5,813 million, respectively, and for the nine months ended September 30, 2016, and 2015, were $15,687 million and $17,308 million, respectively. | ||||
[3] | The calculation of earnings per common share and earnings per common share - assuming dilution are the same in each period. |
Condensed Consolidated Stateme3
Condensed Consolidated Statement Of Income (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | ||
Condensed Consolidated Statement Of Income [Abstract] | |||||
Sales-based taxes included in sales and other operating revenue | [1] | $ 5,437 | $ 5,813 | $ 15,687 | $ 17,308 |
[1] | Sales-based taxes included in sales and other operating revenue for the three months ended September 30, 2016, and 2015, were $5,437 million and $5,813 million, respectively, and for the nine months ended September 30, 2016, and 2015, were $15,687 million and $17,308 million, respectively. |
Condensed Consolidated Stateme4
Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Condensed Consolidated Statement Of Comprehensive Income [Abstract] | ||||
Net income including noncontrolling interests | $ 2,889 | $ 4,384 | $ 6,351 | $ 13,721 |
Other comprehensive income (net of income taxes) | ||||
Foreign exchange translation adjustment | (107) | (4,023) | 2,506 | (8,379) |
Postretirement benefits reserves adjustment (excluding amortization) | 34 | 484 | 25 | 1,111 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 278 | 367 | 859 | 1,075 |
Unrealized change in fair value of stock investments | 7 | 26 | ||
Realized (gain)/loss from stock investments included in net income | 3 | 15 | ||
Total other comprehensive income | 205 | (3,162) | 3,390 | (6,152) |
Comprehensive income including noncontrolling interests | 3,094 | 1,222 | 9,741 | 7,569 |
Comprehensive income attributable to noncontrolling interests | 166 | (175) | 536 | (422) |
Comprehensive income attributable to ExxonMobil | $ 2,928 | $ 1,397 | $ 9,205 | $ 7,991 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheet - USD ($) $ in Millions | Sep. 30, 2016 | Dec. 31, 2015 |
Current assets | ||
Cash and cash equivalents | $ 5,093 | $ 3,705 |
Notes and accounts receivable - net | 20,388 | 19,875 |
Inventories | ||
Crude oil, products and merchandise | 10,981 | 12,037 |
Materials and supplies | 4,361 | 4,208 |
Other current assets | 2,122 | 2,798 |
Total current assets | 42,945 | 42,623 |
Investments, advances and long-term receivables | 35,553 | 34,245 |
Property, plant and equipment - net | 251,923 | 251,605 |
Other assets, including intangibles - net | 8,965 | 8,285 |
Total assets | 339,386 | 336,758 |
Current liabilities | ||
Notes and loans payable | 17,239 | 18,762 |
Accounts payable and accrued liabilities | 30,027 | 32,412 |
Income taxes payable | 2,755 | 2,802 |
Total current liabilities | 50,021 | 53,976 |
Long-term debt | 28,916 | 19,925 |
Postretirement benefits reserves | 21,019 | 22,647 |
Deferred income tax liabilities | 34,857 | 36,818 |
Long-term obligations to equity companies | 5,340 | 5,417 |
Other long-term obligations | 22,223 | 21,165 |
Total liabilities | 162,376 | 159,948 |
Commitments and contingencies (Note 3) | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 12,228 | 11,612 |
Earnings reinvested | 409,284 | 412,444 |
Accumulated other comprehensive income | (20,466) | (23,511) |
Common stock held in treasury (3,872 million shares at Sept. 30, 2016 and 3,863 million shares at Dec. 31, 2015) | (230,449) | (229,734) |
ExxonMobil share of equity | 170,597 | 170,811 |
Noncontrolling interests | 6,413 | 5,999 |
Total equity | 177,010 | 176,810 |
Total liabilities and equity | $ 339,386 | $ 336,758 |
Condensed Consolidated Balance6
Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions | Sep. 30, 2016 | Dec. 31, 2015 |
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 | 3,872 | 3,863 |
Condensed Consolidated Stateme7
Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | ||
Cash flows from operating activities | |||
Net income including noncontrolling interests | $ 6,351 | $ 13,721 | |
Depreciation and depletion | 14,191 | 13,293 | |
Changes in operational working capital, excluding cash and debt | (2,386) | (1,037) | |
All other items - net | (3,470) | (13) | |
Net cash provided by operating activities | 14,686 | 25,964 | |
Cash flows from investing activities | |||
Additions to property, plant and equipment | (12,276) | (20,354) | |
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | 2,182 | 1,604 | |
Additional investments and advances | (1,398) | (412) | |
Other investing activities - net | 761 | 662 | |
Net cash used in investing activities | (10,731) | (18,500) | |
Cash flows from financing activities | |||
Additions to long-term debt | 11,964 | 8,028 | |
Reductions in long-term debt | (18) | ||
Additions/(reductions) in short-term debt - net | (286) | (475) | |
Additions/(reductions) in commercial paper, and debt with three months or less maturity | [1] | (4,062) | (2,537) |
Cash dividends to ExxonMobil shareholders | (9,320) | (9,036) | |
Cash dividends to noncontrolling interests | (122) | (127) | |
Common stock acquired | (727) | (3,285) | |
Common stock sold | 6 | ||
Net cash used in financing activities | (2,547) | (7,450) | |
Effects of exchange rate changes on cash | (20) | (334) | |
Increase/(decrease) in cash and cash equivalents | 1,388 | (320) | |
Cash and cash equivalents at beginning of period | 3,705 | 4,616 | |
Cash and cash equivalents at end of period | 5,093 | 4,296 | |
Supplemental Disclosures | |||
Income taxes paid | 3,049 | 5,594 | |
Cash interest paid | $ 709 | $ 459 | |
[1] | Includes a net addition of commercial paper with a maturity of over three months of $1.0 billion in 2016 and $2.8 billion in 2015. The gross amount of commercial paper with a maturity of over three months issued was $2.9 billion in 2016 and $7.7 billion in 2015, while the gross amount repaid was $1.9 billion in 2016 and $4.9 billion in 2015. |
Condensed Consolidated Stateme8
Condensed Consolidated Statement Of Cash Flows (Parenthetical) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Capital lease obligations incurred | $ 800 | |
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | $ 2,182 | 1,604 |
Maturity Greater Than Three Months [Member] | ||
Net cash flow from issuance/(repayment) of commercial paper | 1,000 | 2,800 |
Proceeds from issuance of commercial paper | 2,900 | 7,700 |
Repayments of commercial paper | $ 1,900 | 4,900 |
Asset Exchange [Member] | ||
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments | 100 | |
Asset exchange - value received | $ 500 |
Condensed Consolidated Stateme9
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, 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 | $ 647 | 647 | 647 | ||||
Tax benefits related to stock-based awards | 9 | 9 | 9 | ||||
Other | (5) | (5) | (5) | ||||
Net income for the period | 13,721 | 13,370 | 13,370 | 351 | |||
Dividends - common shares (company) | (9,036) | (9,036) | |||||
Dividends - common shares (NCI) | (127) | ||||||
Dividends - common shares (total) | (9,163) | ||||||
Other comprehensive income | (6,152) | (5,379) | (5,379) | (773) | |||
Acquisitions, at cost (company) | (3,285) | (3,285) | |||||
Acquisitions, at cost (total) | $ (3,285) | ||||||
Acquisitions (in shares) | (38) | ||||||
Dispositions | $ 3 | 3 | 3 | ||||
Balance at Sep. 30, 2015 | $ 176,839 | 11,443 | 412,718 | (24,336) | (229,102) | 170,723 | 6,116 |
Balance (in shares) - issued at Sep. 30, 2015 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2015 | (3,856) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2015 | 4,163 | ||||||
Balance at Dec. 31, 2015 | $ 176,810 | 11,612 | 412,444 | (23,511) | (229,734) | 170,811 | 5,999 |
Balance (in shares) - issued at Dec. 31, 2015 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2015 | (3,863) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2015 | 4,156 | ||||||
Amortization of stock-based awards | $ 612 | 612 | 612 | ||||
Tax benefits related to stock-based awards | 11 | 11 | 11 | ||||
Other | (7) | (7) | (7) | ||||
Net income for the period | 6,351 | 6,160 | 6,160 | 191 | |||
Dividends - common shares (company) | (9,320) | (9,320) | |||||
Dividends - common shares (NCI) | (122) | ||||||
Dividends - common shares (total) | (9,442) | ||||||
Other comprehensive income | 3,390 | 3,045 | 3,045 | 345 | |||
Acquisitions, at cost (company) | (727) | (727) | |||||
Acquisitions, at cost (total) | $ (727) | ||||||
Acquisitions (in shares) | (9) | ||||||
Dispositions | $ 12 | 12 | 12 | ||||
Balance at Sep. 30, 2016 | $ 177,010 | $ 12,228 | $ 409,284 | $ (20,466) | $ (230,449) | $ 170,597 | $ 6,413 |
Balance (in shares) - issued at Sep. 30, 2016 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2016 | (3,872) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2016 | 4,147 |
Basis Of Financial Statement Pr
Basis Of Financial Statement Preparation | 9 Months Ended |
Sep. 30, 2016 | |
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 2015 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 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 Cor poration's exploration and production activities are accounted for under the "successful efforts" method. |
Recently Issued Accounting Stan
Recently Issued Accounting Standards | 9 Months Ended |
Sep. 30, 2016 | |
New Accounting Pronouncements And Changes In Accounting Principles [Abstract] | |
Recently Issued Accounting Standards | 2. Recently Issued Accounting Standards 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, 2018. “Sales and o th er o perating r evenue” on the Consolidated Statement of Income includes sales, excise and value-added taxes on sales transactions. When the Corporation adopts the standard, revenue will exclude sales-based taxes collected on behalf of third parties. This ch ange in reporting will not impact earnings. The Corporation continues to evaluate other areas of the standard and its effect on the Corporation’s financial statements. In February 2016, the Financial Accounting Standards Board issued a new standard, Leas es . The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as an asset and a lease liability. The standard is required to be adopted beginning January 1, 2019. ExxonMobil is evaluating the standard and its effect on the Corporation’s financial statements. Effective September 30, 2016, the Corporation early adopted Accounting Standard Update no. 2015-17 Income Taxes (Topic 740): Balance Sheet C lassification of Deferred Taxes on a prospective basis . This update eliminates the requirement to classify deferred tax assets and liabilities as current and noncurrent, and instead requires all deferred tax assets and liabilities to be classified as noncurrent. The balance sheet classification of deferred in come tax is shown below. Sept. 30, Dec. 31, 2016 2015 (millions of dollars) Balance sheet classification: deferred tax (assets)/liabilities Other current assets - (1,329) Other assets, including intangibles - net (4,334) (3,421) Accounts payable and accrued liabilities - 546 Deferred income tax liabilities 34,857 36,818 Net deferred tax liabilities 30,523 32,614 |
Litigation And Other Contingenc
Litigation And Other Contingencies | 9 Months Ended |
Sep. 30, 2016 | |
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 September 30, 2016 , 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 September 30, 2016 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 126 35 161 Other 2,418 4,208 6,626 Total 2,544 4,243 6,787 (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 September 30, 2016 , 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. On June 12, 2015, the Tribunal rejected in its entirety Venezuela’s October 2 3, 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 seeking an nulment 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 the I CSID 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 application. On July 28, 2015, the Committee issued an order that would lift the stay of enforcement unless, within 30 days, Venezuela delivered a commitment to pay the award if the application to annul is denied. On September 17, 2015, the Committee ruled that Venezu ela had complied with the requirement to submit a written commitment to pay the award and so left the stay of enforcement in place. A hearing on Venezuela’s application for annulment was held March 8-9, 2016. The United States District Court for the 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 awar d 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. Oral arguments on this a ppeal were held before the United States Court of Appeals for the Second Circuit on January 7, 2016. The District Court’s judgment 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 cannot be reasonably estimated. Regardless, the Corporation does not expect the resolution to have a material effect upon the Corp oration’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 oper ator 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 Contract ors 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 appealed that judgment to the Court of Appeal, Abuja Judicial Division . On July 22, 2016, the Court of Appeal upheld the decision of the lower court setting aside the aw ard. On October 21, 2016 , the Contractors appealed the decision to the Supreme Court of Nigeria. In June 2013 , the Contractors filed a lawsuit against NNPC in the Nige rian 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. NNPC has moved to dismiss the lawsuit. The stay in the proceedings in the Southern District of New York has been lifted. At this time, the net impact of this matter on the Corporation's consolidated financial results cannot be reasonably estimated. Howeve r, 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 | 9 Months Ended |
Sep. 30, 2016 | |
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, 2014 (5,952) (12,945) (60) (18,957) Current period change excluding amounts reclassified from accumulated other comprehensive income (7,497) 1,036 26 (6,435) Amounts reclassified from accumulated other comprehensive income - 1,041 15 1,056 Total change in accumulated other comprehensive income (7,497) 2,077 41 (5,379) Balance as of September 30, 2015 (13,449) (10,868) (19) (24,336) Balance as of December 31, 2015 (14,170) (9,341) - (23,511) Current period change excluding amounts reclassified from accumulated other comprehensive income 2,189 23 - 2,212 Amounts reclassified from accumulated other comprehensive income - 833 - 833 Total change in accumulated other comprehensive income 2,189 856 - 3,045 Balance as of September 30, 2016 (11,981) (8,485) - (20,466) Three Months Ended Nine Months Ended Amounts Reclassified Out of Accumulated Other September 30, September 30, Comprehensive Income - Before-tax Income/(Expense) 2016 2015 2016 2015 (millions of dollars) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (415) (534) (1,248) (1,552) Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) - (5) - (23) (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 Nine Months Ended Income Tax (Expense)/Credit For September 30, September 30, Components of Other Comprehensive Income 2016 2015 2016 2015 (millions of dollars) Foreign exchange translation adjustment (9) 82 (6) 147 Postretirement benefits reserves adjustment (excluding amortization) (11) (225) 20 (527) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (137) (167) (389) (477) Unrealized change in fair value of stock investments - (3) - (14) Realized change in fair value of stock investments included in net income - (2) - (8) Total (157) (315) (375) (879) |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 5 . Earnings Per Share Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 2,650 4,240 6,160 13,370 Weighted average number of common shares outstanding (millions of shares) 4,178 4,190 4,178 4,201 Earnings per common share (dollars) (1) 0.63 1.01 1.47 3.18 (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 | 9 Months Ended |
Sep. 30, 2016 | |
Pension And Other Postretirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | 6 . Pension and Other Postretirement Benefits Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 200 231 606 625 Interest cost 198 196 594 589 Expected return on plan assets (182) (208) (545) (622) Amortization of actuarial loss/(gain) and prior service cost 124 137 373 411 Net pension enhancement and curtailment/settlement cost 111 117 333 351 Net benefit cost 451 473 1,361 1,354 Pension Benefits - Non-U.S. Service cost 131 170 430 518 Interest cost 206 206 636 636 Expected return on plan assets (227) (268) (701) (819) Amortization of actuarial loss/(gain) and prior service cost 151 198 452 617 Net pension enhancement and curtailment/settlement cost - 24 - 24 Net benefit cost 261 330 817 976 Other Postretirement Benefits Service cost 38 42 115 127 Interest cost 85 86 258 259 Expected return on plan assets (6) (7) (18) (21) Amortization of actuarial loss/(gain) and prior service cost 29 46 90 137 Net benefit cost 146 167 445 502 |
Financial Instruments
Financial Instruments | 9 Months Ended |
Sep. 30, 2016 | |
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 $ 28,834 m illion at September 30, 2016 , and $ 18,854 m illion at December 31, 2015 , as compa red to recorded book values of $ 27,687 m illion at September 30, 2016 , and $ 18,687 m illion at December 31, 2015 . The increase in the estimated fair value and book value of long-term debt reflects the Corporation’s issuance of $12.0 billi on of long-term debt in the first quarter of 2016. The $12.0 billion of long -term debt is comprised of $750 million of floating-rate notes due in 2018, $250 million of floating-rate notes due in 2019, $1,000 million of 1.439% notes due in 2018, $1,250 mill ion of 1.708% notes due in 2019, $2,500 million of 2.222% notes due in 2021, $1,250 million of 2.726% notes due in 2023, $2,500 million of 3.043% notes due in 2026 and $2,500 million of 4.114% notes due in 2046 . The fair value of long-term debt by hierarc hy level at September 30, 2016 , is: Level 1 $ 28,722 million; Level 2 $ 106 million; and Level 3 $ 6 million. Level 1 represents quoted prices in active markets. Level 2 includes debt whose fair value is based upon a public ly 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 | 9 Months Ended |
Sep. 30, 2016 | |
Disclosures About Segments And Related Information [Abstract] | |
Disclosures About Segments And Related Information | 8 . Disclosures about Segments and Related Information Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Earnings After Income Tax (millions of dollars) Upstream United States (477) (442) (1,823) (541) Non-U.S. 1,097 1,800 2,661 6,785 Downstream United States 225 487 824 1,466 Non-U.S. 1,004 1,546 2,136 3,740 Chemical United States 434 526 1,524 1,866 Non-U.S. 737 701 2,219 1,589 All other (370) (378) (1,381) (1,535) Corporate total 2,650 4,240 6,160 13,370 Sales and Other Operating Revenue (1) Upstream United States 2,152 2,115 5,373 6,471 Non-U.S. 3,177 3,760 9,371 12,268 Downstream United States 14,930 18,737 40,981 57,920 Non-U.S. 29,969 34,033 85,135 103,691 Chemical United States 2,474 2,718 7,377 8,298 Non-U.S. 4,049 4,314 11,970 13,143 All other 16 2 25 6 Corporate total 56,767 65,679 160,232 201,797 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 875 982 2,598 3,386 Non-U.S. 4,401 5,266 12,843 16,209 Downstream United States 2,775 3,075 8,057 9,700 Non-U.S. 4,903 5,424 13,514 17,224 Chemical United States 1,615 1,858 4,805 5,765 Non-U.S. 1,043 1,380 3,073 4,063 All other 60 74 174 212 |
Accounting for Suspended Explor
Accounting for Suspended Exploratory Well Costs | 9 Months Ended |
Sep. 30, 2016 | |
Capitalized Exploratory Well Costs [Abstract] | |
Accounting for Suspended Exploratory Well Costs | 9 . Accounting for Suspended Exploratory Well Costs For the category o f exploratory well costs at year-end 2015 that were suspended more than one year, a total of $ 111 million was expensed in the first nine months of 2016 . |
Acquisition of InterOil Corpora
Acquisition of InterOil Corporation | 9 Months Ended |
Sep. 30, 2016 | |
Business Combinations [Abstract] | |
Mergers Acquisitions And Dispositions Disclosures [TextBlock] | 10. Acquisition of InterOil Corporation On July 21, 2016, the Corporation entered into an agreement to acquire InterOil Corporation (IOC) for more than $2.5 billion. IOC is an exploration and production business with focus in Papua New Guinea. Consideration includes $2.1 billion of Exxon Mobil Corporation shares, a Contingent Resource Payment (CRP) and cash. The CRP provides IOC shareholders approximately $7.07 per share in cash for each incremental certified Trillion Cubic Feet Equivalent (TCF E) of resources above 6.2 up to 10.0. IOC’s assets include a receivable related to the same resource base for volumes in excess of 3.5 TCFE at amounts ranging from $0.24 - $0.40 per thousand cubic feet equivalent. Closing is pending the outcome of an app eal by an IOC shareholder of the Yukon Supreme Court decision approving the transaction. |
Recently Issued Accounting St20
Recently Issued Accounting Standards (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
New Accounting Pronouncements And Changes In Accounting Principles [Abstract] | |
Balance sheet classification: deferred tax (assets)/liabilities | Sept. 30, Dec. 31, 2016 2015 (millions of dollars) Balance sheet classification: deferred tax (assets)/liabilities Other current assets - (1,329) Other assets, including intangibles - net (4,334) (3,421) Accounts payable and accrued liabilities - 546 Deferred income tax liabilities 34,857 36,818 Net deferred tax liabilities 30,523 32,614 |
Litigation And Other Continge21
Litigation And Other Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Litigation And Other Contingencies [Abstract] | |
Schedule Of Guarantees | As of September 30, 2016 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 126 35 161 Other 2,418 4,208 6,626 Total 2,544 4,243 6,787 (1) ExxonMobil share |
Other Comprehensive Income In22
Other Comprehensive Income Information (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
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, 2014 (5,952) (12,945) (60) (18,957) Current period change excluding amounts reclassified from accumulated other comprehensive income (7,497) 1,036 26 (6,435) Amounts reclassified from accumulated other comprehensive income - 1,041 15 1,056 Total change in accumulated other comprehensive income (7,497) 2,077 41 (5,379) Balance as of September 30, 2015 (13,449) (10,868) (19) (24,336) Balance as of December 31, 2015 (14,170) (9,341) - (23,511) Current period change excluding amounts reclassified from accumulated other comprehensive income 2,189 23 - 2,212 Amounts reclassified from accumulated other comprehensive income - 833 - 833 Total change in accumulated other comprehensive income 2,189 856 - 3,045 Balance as of September 30, 2016 (11,981) (8,485) - (20,466) |
Reclassification Out Of Accumulated Other Comprehensive Income | Three Months Ended Nine Months Ended Amounts Reclassified Out of Accumulated Other September 30, September 30, Comprehensive Income - Before-tax Income/(Expense) 2016 2015 2016 2015 (millions of dollars) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (415) (534) (1,248) (1,552) Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) - (5) - (23) (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 Nine Months Ended Income Tax (Expense)/Credit For September 30, September 30, Components of Other Comprehensive Income 2016 2015 2016 2015 (millions of dollars) Foreign exchange translation adjustment (9) 82 (6) 147 Postretirement benefits reserves adjustment (excluding amortization) (11) (225) 20 (527) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (137) (167) (389) (477) Unrealized change in fair value of stock investments - (3) - (14) Realized change in fair value of stock investments included in net income - (2) - (8) Total (157) (315) (375) (879) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Computation | Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 2,650 4,240 6,160 13,370 Weighted average number of common shares outstanding (millions of shares) 4,178 4,190 4,178 4,201 Earnings per common share (dollars) (1) 0.63 1.01 1.47 3.18 (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 Postretirem24
Pension And Other Postretirement Benefits (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Pension And Other Postretirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 200 231 606 625 Interest cost 198 196 594 589 Expected return on plan assets (182) (208) (545) (622) Amortization of actuarial loss/(gain) and prior service cost 124 137 373 411 Net pension enhancement and curtailment/settlement cost 111 117 333 351 Net benefit cost 451 473 1,361 1,354 Pension Benefits - Non-U.S. Service cost 131 170 430 518 Interest cost 206 206 636 636 Expected return on plan assets (227) (268) (701) (819) Amortization of actuarial loss/(gain) and prior service cost 151 198 452 617 Net pension enhancement and curtailment/settlement cost - 24 - 24 Net benefit cost 261 330 817 976 Other Postretirement Benefits Service cost 38 42 115 127 Interest cost 85 86 258 259 Expected return on plan assets (6) (7) (18) (21) Amortization of actuarial loss/(gain) and prior service cost 29 46 90 137 Net benefit cost 146 167 445 502 |
Disclosures About Segments An25
Disclosures About Segments And Related Information (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Disclosures About Segments And Related Information [Abstract] | |
Disclosures About Segments And Related Information | Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Earnings After Income Tax (millions of dollars) Upstream United States (477) (442) (1,823) (541) Non-U.S. 1,097 1,800 2,661 6,785 Downstream United States 225 487 824 1,466 Non-U.S. 1,004 1,546 2,136 3,740 Chemical United States 434 526 1,524 1,866 Non-U.S. 737 701 2,219 1,589 All other (370) (378) (1,381) (1,535) Corporate total 2,650 4,240 6,160 13,370 Sales and Other Operating Revenue (1) Upstream United States 2,152 2,115 5,373 6,471 Non-U.S. 3,177 3,760 9,371 12,268 Downstream United States 14,930 18,737 40,981 57,920 Non-U.S. 29,969 34,033 85,135 103,691 Chemical United States 2,474 2,718 7,377 8,298 Non-U.S. 4,049 4,314 11,970 13,143 All other 16 2 25 6 Corporate total 56,767 65,679 160,232 201,797 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 875 982 2,598 3,386 Non-U.S. 4,401 5,266 12,843 16,209 Downstream United States 2,775 3,075 8,057 9,700 Non-U.S. 4,903 5,424 13,514 17,224 Chemical United States 1,615 1,858 4,805 5,765 Non-U.S. 1,043 1,380 3,073 4,063 All other 60 74 174 212 |
Recently Issued Accounting St26
Recently Issued Accounting Standards (Details) - USD ($) $ in Millions | Sep. 30, 2016 | Dec. 31, 2015 |
xom_IncomeSalesBasedAndOtherTaxes [Abstract] | ||
Other current assets | $ (1,329) | |
Other assets, including intangibles, net | $ (4,334) | (3,421) |
Accrued payable and accrued liabilities | 546 | |
Deferred income tax liabilities | 34,857 | 36,818 |
Net deferred tax liabilities | $ 30,523 | $ 32,614 |
Litigation And Other Continge27
Litigation And Other Contingencies (Narrative) (Details) - USD ($) $ in Millions | 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 | |||
Accrued interest relating to award for excess lifting of crude oil | $ 234 | |||
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 | |||
Interest rate on award for Cerro Negro Project | 3.25% | |||
Earlier Cerro Negro award for breach of contractual obligations | $ 908 |
Litigation And Other Continge28
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions | Sep. 30, 2016USD ($) | |
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $ 6,787 | |
Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 2,544 | [1] |
Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 4,243 | |
Debt Related Guarantees [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 161 | |
Debt Related Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 126 | [1] |
Debt Related Guarantees [Member] | Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 35 | |
Other Guarantees [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 6,626 | |
Other Guarantees [Member] | Equity Company Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | 2,418 | [1] |
Other Guarantees [Member] | Other Third Party Obligations [Member] | ||
Litigation And Other Contingencies [Line Items] | ||
Guarantees | $ 4,208 | |
[1] | ExxonMobil share |
Other Comprehensive Income In29
Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | $ (107) | $ (4,023) | $ 2,506 | $ (8,379) |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 34 | 484 | 25 | 1,111 |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 278 | 367 | 859 | 1,075 |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 7 | 26 | ||
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 3 | 15 | ||
Beginning Balance, Total | (23,511) | |||
Ending Balance, Total | (20,466) | (20,466) | ||
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | ||||
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment | (14,170) | (5,952) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 2,189 | (7,497) | ||
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | 2,189 | (7,497) | ||
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | (11,981) | (13,449) | (11,981) | (13,449) |
Beginning Balance, Postretirement Benefits Reserves Adjustment | (9,341) | (12,945) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 23 | 1,036 | ||
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 833 | 1,041 | ||
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 856 | 2,077 | ||
Ending Balance, Postretirement Benefits Reserves Adjustment | (8,485) | (10,868) | (8,485) | (10,868) |
Beginning Balance, Unrealized Change in Stock Investments | (60) | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 26 | |||
Amounts reclassified from accumulated other comprehensive income, Unrealized Change in Stock Investments | 15 | |||
Total change in accumulated other comprehensive income, Unrealized Change in Stock Investments | 41 | |||
Ending Balance, Unrealized Change in Stock Investments | (19) | (19) | ||
Beginning Balance, Total | (23,511) | (18,957) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | 2,212 | (6,435) | ||
Amounts reclassified from accumulated other comprehensive income, Total | 833 | 1,056 | ||
Total change in accumulated other comprehensive income, Total | 3,045 | (5,379) | ||
Ending Balance, Total | $ (20,466) | $ (24,336) | $ (20,466) | $ (24,336) |
Other Comprehensive Income In30
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | ||
Other Comprehensive Income Loss Before Tax [Abstract] | |||||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | [1] | $ (415) | $ (534) | $ (1,248) | $ (1,552) |
Realized change in fair value of stock investments included in net income (Statement of Income line: Other income) | $ (5) | $ (23) | |||
[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 In31
Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Other Comprehensive Income Information [Abstract] | ||||
Foreign exchange translation adjustment | $ (9) | $ 82 | $ (6) | $ 147 |
Postretirement benefits reserves adjustment (excluding amortization) | (11) | (225) | 20 | (527) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | (137) | (167) | (389) | (477) |
Unrealized change in fair value of stock investments | (3) | (14) | ||
Realized change in fair value of stock investments included in net income | (2) | (8) | ||
Total | $ (157) | $ (315) | $ (375) | $ (879) |
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 | 9 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | ||
Earnings per common share | |||||
Net income attributable to ExxonMobil | $ 2,650 | $ 4,240 | $ 6,160 | $ 13,370 | |
Weighted average number of common shares outstanding | 4,178 | 4,190 | 4,178 | 4,201 | |
Earnings per common share (dollars) | [1] | $ 0.63 | $ 1.01 | $ 1.47 | $ 3.18 |
[1] | The calculation of earnings per common share and earnings per common share - assuming dilution are the same in each period. |
Pension And Other Postretirem33
Pension And Other Postretirement Benefits (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Pension Benefits - U.S. [Member] | ||||
Service cost | $ 200 | $ 231 | $ 606 | $ 625 |
Interest cost | 198 | 196 | 594 | 589 |
Expected return on plan assets | (182) | (208) | (545) | (622) |
Amortization of actuarial loss/(gain) and prior service cost | 124 | 137 | 373 | 411 |
Net pension enhancement and curtailment/settlement cost | 111 | 117 | 333 | 351 |
Net benefit cost | 451 | 473 | 1,361 | 1,354 |
Pension Benefits - Non-U.S. [Member] | ||||
Service cost | 131 | 170 | 430 | 518 |
Interest cost | 206 | 206 | 636 | 636 |
Expected return on plan assets | (227) | (268) | (701) | (819) |
Amortization of actuarial loss/(gain) and prior service cost | 151 | 198 | 452 | 617 |
Net pension enhancement and curtailment/settlement cost | 24 | 24 | ||
Net benefit cost | 261 | 330 | 817 | 976 |
Other Postretirement Benefits [Member] | ||||
Service cost | 38 | 42 | 115 | 127 |
Interest cost | 85 | 86 | 258 | 259 |
Expected return on plan assets | (6) | (7) | (18) | (21) |
Amortization of actuarial loss/(gain) and prior service cost | 29 | 46 | 90 | 137 |
Net benefit cost | $ 146 | $ 167 | $ 445 | $ 502 |
Financial Instruments (Details)
Financial Instruments (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 28,834 | $ 18,854 | ||
Recorded book values of total long-term debt, excluding capitalized lease obligations | 27,687 | $ 18,687 | ||
Additions to long-term debt | 11,964 | $ 8,028 | ||
Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 12,000 | |||
Floating-Rate Notes Due 2018 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 750 | |||
Debt maturity | Feb. 28, 2018 | |||
Floating-Rate Notes Due 2019 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 250 | |||
Debt maturity | Mar. 1, 2019 | |||
1.439% Notes Due 2018 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,000 | |||
Interest rate | 1.439% | |||
Debt maturity | Mar. 1, 2018 | |||
1.708% Notes Due 2019 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,250 | |||
Interest rate | 1.708% | |||
Debt maturity | Mar. 1, 2019 | |||
2.222% Notes Due 2021 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 2,500 | |||
Interest rate | 2.222% | |||
Debt maturity | Mar. 1, 2021 | |||
2.726% Notes Due 2023 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 1,250 | |||
Interest rate | 2.726% | |||
Debt maturity | Mar. 1, 2023 | |||
3.043% Notes Due 2026 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 2,500 | |||
Interest rate | 3.043% | |||
Debt maturity | Mar. 1, 2026 | |||
4.114% Notes Due 2046 [Member] | Long-term debt issuance, gross before issuance cost [Member] | ||||
Debt Instrument [Line Items] | ||||
Additions to long-term debt | $ 2,500 | |||
Interest rate | 4.114% | |||
Debt maturity | Mar. 1, 2046 | |||
Level 1 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 28,722 | |||
Level 2 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | 106 | |||
Level 3 [Member] | ||||
Debt Instrument [Line Items] | ||||
Estimated fair value of total long-term debt, excluding capitalized lease obligations | $ 6 |
Disclosures About Segments An35
Disclosures About Segments And Related Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | ||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | $ 2,650 | $ 4,240 | $ 6,160 | $ 13,370 | |
Sales and other operating revenue | [1],[2] | 56,767 | 65,679 | 160,232 | 201,797 |
Upstream United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | (477) | (442) | (1,823) | (541) | |
Sales and other operating revenue | [1] | 2,152 | 2,115 | 5,373 | 6,471 |
Intersegment Revenue | 875 | 982 | 2,598 | 3,386 | |
Upstream Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 1,097 | 1,800 | 2,661 | 6,785 | |
Sales and other operating revenue | [1] | 3,177 | 3,760 | 9,371 | 12,268 |
Intersegment Revenue | 4,401 | 5,266 | 12,843 | 16,209 | |
Downstream United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 225 | 487 | 824 | 1,466 | |
Sales and other operating revenue | [1] | 14,930 | 18,737 | 40,981 | 57,920 |
Intersegment Revenue | 2,775 | 3,075 | 8,057 | 9,700 | |
Downstream Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 1,004 | 1,546 | 2,136 | 3,740 | |
Sales and other operating revenue | [1] | 29,969 | 34,033 | 85,135 | 103,691 |
Intersegment Revenue | 4,903 | 5,424 | 13,514 | 17,224 | |
Chemical United States [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 434 | 526 | 1,524 | 1,866 | |
Sales and other operating revenue | [1] | 2,474 | 2,718 | 7,377 | 8,298 |
Intersegment Revenue | 1,615 | 1,858 | 4,805 | 5,765 | |
Chemical Non-U.S. [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | 737 | 701 | 2,219 | 1,589 | |
Sales and other operating revenue | [1] | 4,049 | 4,314 | 11,970 | 13,143 |
Intersegment Revenue | 1,043 | 1,380 | 3,073 | 4,063 | |
All Other [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Earnings after income tax | (370) | (378) | (1,381) | (1,535) | |
Sales and other operating revenue | [1] | 16 | 2 | 25 | 6 |
Intersegment Revenue | $ 60 | $ 74 | $ 174 | $ 212 | |
[1] | Includes sales-based taxes | ||||
[2] | Sales-based taxes included in sales and other operating revenue for the three months ended September 30, 2016, and 2015, were $5,437 million and $5,813 million, respectively, and for the nine months ended September 30, 2016, and 2015, were $15,687 million and $17,308 million, respectively. |
Accounting for Suspended Expl36
Accounting for Suspended Exploratory Well Costs (Details) $ in Millions | 9 Months Ended |
Sep. 30, 2016USD ($) | |
Capitalized Exploratory Well Costs [Abstract] | |
Charged to expense in period | $ 111 |
Acquisition of InterOil Corpo37
Acquisition of InterOil Corporation (Details) - InterOil Corporation [Member] $ / shares in Units, $ in Billions | 9 Months Ended |
Sep. 30, 2016USD ($)Tcfe$ / shares$ / mcf | |
Business Acquisition [Line Items] | |
Date of agreement to acquire InterOil Corporation | Jul. 21, 2016 |
Business combination consideration transferred (Expected) | $ | $ 2.5 |
Business combination consideration transferred equity interests issued (Expected) | $ | $ 2.1 |
Business Combination Contingent Consideration Liability [Abstract] | |
Contingent consideration per trillion cubic feet equivalent of resources | $ / shares | $ 7.07 |
Minimum resource for contingent consideration, tcfe | 6.2 |
Maximum resource equivalent for contingent consideration, tcfe | 10 |
Business Combination Contingent Consideration Asset [Abstract] | |
Minimum resource for contingent receivable, tcfe | 3.5 |
Minimum amount per thousand cubic feet equivalent | $ / mcf | 0.24 |
Maximum amount per thousand cubic feet equivalent | $ / mcf | 0.4 |