Exxon Mobil (XOM) 10-Q 3 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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	4,237,265,503

Condensed Consolidated Statemen

Condensed Consolidated Statement Of Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues and other income
Sales and other operating revenue	[1],[2]	$ 61,090	$ 47,105
Income from equity affiliates		1,710	1,251
Other income		487	351
Total revenues and other income		63,287	48,707
Costs and other deductions
Crude oil and product purchases		30,359	20,707
Production and manufacturing expenses		7,845	7,561
Selling, general and administrative expenses		2,599	2,593
Depreciation and depletion		4,519	4,765
Exploration expenses, including dry holes		289	355
Interest expense		146	77
Sales-based taxes	[2]	5,342	4,815
Other taxes and duties		6,270	6,104
Total costs and other deductions		57,369	46,977
Income before income taxes		5,918	1,730
Income taxes		1,828	(51)
Net income including noncontrolling interests		4,090	1,781
Net income attributable to noncontrolling interests		80	(29)
Net income attributable to ExxonMobil		$ 4,010	$ 1,810
Earnings per common share (dollars)	[3]	$ 0.95	$ 0.43
Earnings per common share - assuming dilution (dollars)		0.95	0.43
Dividends per common share (dollars)		$ 0.75	$ 0.73
[1]	Includes sales-based taxes
[2]	Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2017, and 2016, were $5,342 million and $4,815 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
		Mar. 31, 2017	Mar. 31, 2016
Condensed Consolidated Statement Of Income [Abstract]
Sales-based taxes included in sales and other operating revenue	[1]	$ 5,342	$ 4,815
[1]	Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2017, and 2016, were $5,342 million and $4,815 million, respectively.

Condensed Consolidated Stateme4

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Consolidated Statement Of Comprehensive Income [Abstract]
Net income including noncontrolling interests	$ 4,090	$ 1,781
Other comprehensive income (net of income taxes)
Foreign exchange translation adjustment	1,408	3,340
Postretirement benefits reserves adjustment (excluding amortization)	(25)	(119)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	256	289
Total other comprehensive income	1,639	3,510
Comprehensive income including noncontrolling interests	5,729	5,291
Comprehensive income attributable to noncontrolling interests	159	354
Comprehensive income attributable to ExxonMobil	$ 5,570	$ 4,937

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 4,897	$ 3,657
Notes and accounts receivable - net	21,842	21,394
Inventories
Crude oil, products and merchandise	10,686	10,877
Materials and supplies	4,187	4,203
Other current assets	1,519	1,285
Total current assets	43,131	41,416
Investments, advances and long-term receivables	38,268	35,102
Property, plant and equipment - net	253,147	244,224
Other assets, including intangibles - net	9,663	9,572
Total assets	344,209	330,314
Current liabilities
Notes and loans payable	18,483	13,830
Accounts payable and accrued liabilities	32,069	31,193
Income taxes payable	2,822	2,615
Total current liabilities	53,374	47,638
Long-term debt	25,124	28,932
Postretirement benefits reserves	20,584	20,680
Deferred income tax liabilities	34,772	34,041
Long-term obligations to equity companies	5,175	5,124
Other long-term obligations	21,409	20,069
Total liabilities	160,438	156,484
Commitments and contingencies (Note 3)
Equity
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)	14,415	12,157
Earnings reinvested	408,707	407,831
Accumulated other comprehensive income	(20,679)	(22,239)
Common stock held in treasury (3,782 million shares at Mar. 31, 2017 and 3,871 million shares at Dec. 31, 2016)	(225,292)	(230,424)
ExxonMobil share of equity	177,151	167,325
Noncontrolling interests	6,620	6,505
Total equity	183,771	173,830
Total liabilities and equity	$ 344,209	$ 330,314

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2017	Dec. 31, 2016
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	3,782	3,871

Condensed Consolidated Stateme7

Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income including noncontrolling interests		$ 4,090	$ 1,781
Depreciation and depletion		4,519	4,765
Changes in operational working capital, excluding cash and debt		793	(399)
All other items - net		(1,229)	(1,335)
Net cash provided by operating activities		8,173	4,812
Cash flows from investing activities
Additions to property, plant and equipment		(2,890)	(4,601)
Proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments		687	177
Additional investments and advances		(1,738)	(234)
Other investing activities - net		180	309
Net cash used in investing activities		(3,761)	(4,349)
Cash flows from financing activities
Additions to long-term debt		60	11,963
Additions to short-term debt		1,734
Reductions in short-term debt		(2,669)	(28)
Additions/(reductions) in commercial paper, and debt with three months or less maturity	[1]	1,308	(7,594)
Cash dividends to ExxonMobil shareholders		(3,134)	(3,054)
Cash dividends to noncontrolling interests		(44)	(42)
Common stock acquired		(501)	(726)
Common stock sold			5
Net cash used in financing activities		(3,246)	524
Effects of exchange rate changes on cash		74	154
Increase/(decrease) in cash and cash equivalents		1,240	1,141
Cash and cash equivalents at beginning of period		3,657	3,705
Cash and cash equivalents at end of period		4,897	4,846
Supplemental Disclosures
Income taxes paid		1,970	749
Cash interest paid		$ 368	$ 223
[1]	Includes a net addition of commercial paper with a maturity of over three months of $0.1 billion in 2017 and $0.7 billion in 2016. The gross amount of commercial paper with a maturity of over three months issued was $1.1 billion in 2017 and $1.0 billion in 2016, while the gross amount repaid was $1.0 billion in 2017 and $0.3 billion in 2016.

Condensed Consolidated Stateme8

Condensed Consolidated Statement Of Cash Flows (Parenthetical) - Maturity Greater Than Three Months [Member] - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net cash flow from issuance/(repayment) of commercial paper	$ 0.1	$ 0.7
Proceeds from issuance of commercial paper	1.1	1
Repayments of commercial paper	$ 1	$ 0.3

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, 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	$ 211	211				211
Tax benefits related to stock-based awards	4	4				4
Other	(2)	(2)				(2)
Net income for the period	1,781		1,810			1,810	(29)
Dividends - common shares (company)			(3,054)			(3,054)
Dividends - common shares (NCI)							(42)
Dividends - common shares (total)	(3,096)
Other comprehensive income	3,510			3,127		3,127	383
Acquisitions, at cost (company)					$ (726)	(726)
Acquisitions, at cost (total)	$ (726)
Acquisitions (in shares)	(9)				(9)
Dispositions	$ 6				$ 6	6
Balance at Mar. 31, 2016	$ 178,498	11,825	411,200	(20,384)	(230,454)	172,187	6,311
Balance (in shares) - issued at Mar. 31, 2016	8,019
Balance (in shares) - in treasury at Mar. 31, 2016	(3,872)
Balance (in shares) - outstanding at Mar. 31, 2016	4,147
Balance at Dec. 31, 2016	$ 173,830	12,157	407,831	(22,239)	(230,424)	167,325	6,505
Balance (in shares) - issued at Dec. 31, 2016	8,019
Balance (in shares) - in treasury at Dec. 31, 2016	(3,871)
Balance (in shares) - outstanding at Dec. 31, 2016	4,148
Amortization of stock-based awards	$ 264	264				264
Other	(84)	(84)				(84)
Net income for the period	4,090		4,010			4,010	80
Dividends - common shares (company)			(3,134)			(3,134)
Dividends - common shares (NCI)							(44)
Dividends - common shares (total)	(3,178)
Other comprehensive income	1,639			1,560		1,560	79
Acquisitions, at cost (company)					(582)	(582)
Acquisitions, at cost (total)	(582)
Issued for acquisitions	$ 7,789	2,078			$ 5,711	7,789
Acquisitions (in shares)	(7)				(7)
Issued for acquisitions (in shares)	96
Dispositions	$ 3				$ 3	3
Balance at Mar. 31, 2017	$ 183,771	$ 14,415	$ 408,707	$ (20,679)	$ (225,292)	$ 177,151	$ 6,620
Balance (in shares) - issued at Mar. 31, 2017	8,019
Balance (in shares) - in treasury at Mar. 31, 2017	(3,782)
Balance (in shares) - outstanding at Mar. 31, 2017	4,237

Basis Of Financial Statement Pr

Basis Of Financial Statement Preparation	3 Months Ended
	Mar. 31, 2017
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 2016 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	3 Months Ended
	Mar. 31, 2017
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 Other Operating Revenue” on the Consolidated Statement of Income includes sales, excise and value-a dded taxes on sales transactions. When the Corporation adopts the standard, revenue will exclude sales-based taxes collected on behalf of third parties. This change in reporting will not impact earnings. The Corporation expects to adopt the standard using the Modified Retrospective method, under which prior years’ results are not restated, but supplemental information on the impact of the new standard is provided for 2018 results. The Corporation continues to evaluate other areas of the standard, which are not expected to have a material effect on the Corporation’s financial statements. In February 2016, the Financial Accounting Standards Board issued a new standard, Leases . The standard requires all leases with an initial term greater than one year be reco rded on the balance sheet as an asset and a lease liability. ExxonMobil is evaluating the standard and its effect on the Corporation’s financial statements and plans to adopt it in 2019. In March 2017, the Financial Accounting Standards Board issued an Ac counting Standards Update, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The update requires that the service cost component of net benefit costs be rep orted in the same line in the income statement as other compensation costs and that the other components of net benefit costs be presented separately from the service cost component. Additionally, only the service cost component of net benefit costs will b e eligible for capitalization. The update is required to be adopted 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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , 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 March 31, 2017 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 117 30 147 Other 2,667 4,000 6,667 Total 2,784 4,030 6,814 (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 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 fo rced 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 occ urrences and their overall effect upon the Corporation vary greatly from country to country and are not predictable. In accordance with a nationalization decree issued by Venezuela’s president in February 2007, by May 1, 2007, a subsidiary of the Venezue lan National Oil Company (PdVSA) assumed the operatorship of the Cerro Negro Heavy Oil Project. This Project had been operated and owned by ExxonMobil affiliates holding a 41.67 percent ownership interest in the Project. The decree also required conversion of the Cerro Negro Project into a “mixed enterprise” and an increase in PdVSA’s or one of its affiliate’s ownership interest in the Project, with the stipulation that if ExxonMobil refused to accept the terms for the formation of the mixed enterprise with in a specified period of time, the government would “directly assume the activities” carried out by the joint venture. ExxonMobil refused to accede to the terms proffered by the government, and on June 27, 2007, the government expropriated ExxonMobil’s 41. 67 percent interest in the Cerro Negro Project. On September 6, 2007, affiliates of ExxonMobil filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes (ICSID). The ICSID Tribunal issued a decision on June 10, 20 10, finding that it had jurisdiction to proceed on the basis of the Netherlands-Venezuela Bilateral Investment Treaty. On October 9, 2014, the ICSID Tribunal issued its final award finding in favor of the ExxonMobil affiliates and awarding $1.6 billion as of the date of expropriation, June 27, 2007, and interest from that date at 3.25% compounded annually until the date of payment in full. The Tribunal also noted that one of the Cerro Negro Project agreements provides a mechanism to prevent double recovery between the ICSID award and all or part of an earlier award of $908 million to an ExxonMobil affiliate, Mobil Cerro Negro, Ltd., against PdVSA and a PdVSA affiliate, PdVSA CN, in an arbitration under the rules of the International Chamber of Commerce. On February 2, 2015, Venezuela filed a Request for Annulment of the ICSID award. On March 9, 2017, the ICSID Committee hearing the Request for Annulment issued a decision partially annulling the award of the Tribunal issued on October 9, 2014. The Committee a ffirmed the compensation due for the La Ceiba project and for export curtailments at the Cerro Negro project, but annulled the portion of the award relating to the Cerro Negro Project’s expropriation ($1.4 billion) based on its determination that the prior Tribunal failed to adequately explain why the cap on damages in the indemnity owed by PdVSA did not affect or limit the amount owed for the expropriation of the Cerro Negro project. As a result, ExxonMobil retains an award for $260 million (including accr ued interest). Under the ICSID rules, ExxonMobil may seek to re-arbitrate the issue that was the basis for the annulment in a new ICSID arbitration proceeding. 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 award from the entry of the court’s judgment, until the date of p ayment, 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 appeal were held before the United States Court of Appeals for the Second Circuit on January 7, 2016. A stay of the District Court’s judgment has continued pending the completion of the Second Circuit appeal. The net impact of these matters on the Corporation’s consolidated financial results cannot be reasonably est imated. 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 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. Following dismissal by this court, the Contractors appealed to the Nigerian Court of Appeal in June 2016. I n 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 lawsui t. 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. However, regardless of the outcome of enfor cement 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	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income Information [Abstract]
Other Comprehensive Income Information	4 . Other Comprehensive Income Information Cumulative Post- Foreign retirement Exchange Benefits ExxonMobil Share of Accumulated Other Translation Reserves Comprehensive Income Adjustment Adjustment Total (millions of dollars) Balance as of December 31, 2015 (14,170) (9,341) (23,511) Current period change excluding amounts reclassified from accumulated other comprehensive income 2,962 (116) 2,846 Amounts reclassified from accumulated other comprehensive income - 281 281 Total change in accumulated other comprehensive income 2,962 165 3,127 Balance as of March 31, 2016 (11,208) (9,176) (20,384) Balance as of December 31, 2016 (14,501) (7,738) (22,239) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,342 (29) 1,313 Amounts reclassified from accumulated other comprehensive income - 247 247 Total change in accumulated other comprehensive income 1,342 218 1,560 Balance as of March 31, 2017 (13,159) (7,520) (20,679) Three Months Ended Amounts Reclassified Out of Accumulated Other March 31, Comprehensive Income - Before-tax Income/(Expense) 2017 2016 (millions of dollars) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (359) (414) (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 Income Tax (Expense)/Credit For March 31, Components of Other Comprehensive Income 2017 2016 (millions of dollars) Foreign exchange translation adjustment (18) (11) Postretirement benefits reserves adjustment (excluding amortization) 5 80 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (103) (125) Total (116) (56)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	5 . Earnings Per Share Three Months Ended March 31, 2017 2016 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 4,010 1,810 Weighted average number of common shares outstanding (millions of shares) 4,223 4,178 Earnings per common share (dollars) (1) 0.95 0.43 (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	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Pension And Other Postretirement Benefits	6 . Pension and Other Postretirement Benefits Three Months Ended March 31, 2017 2016 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 197 202 Interest cost 199 198 Expected return on plan assets (194) (182) Amortization of actuarial loss/(gain) and prior service cost 110 124 Net pension enhancement and curtailment/settlement cost 105 111 Net benefit cost 417 453 Pension Benefits - Non-U.S. Service cost 145 149 Interest cost 187 213 Expected return on plan assets (239) (235) Amortization of actuarial loss/(gain) and prior service cost 127 148 Net pension enhancement and curtailment/settlement cost (5) - Net benefit cost 215 275 Other Postretirement Benefits Service cost 26 35 Interest cost 72 89 Expected return on plan assets (6) (6) Amortization of actuarial loss/(gain) and prior service cost 17 31 Net benefit cost 109 149

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2017
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 $ 24,219 m illion at March 31, 2017 , and $ 27,968 m illion at December 31, 2016 , as com pared to recorded book values of $ 23,907 m illion at March 31, 2017 , and $ 27,707 m illion at December 31, 2016 . The fair value of long-term debt by hie rarchy level at March 31, 2017 , is: Level 1 $ 24,028 million; Level 2 $ 185 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 pu blicly available index. Level 3 involves using internal data augmented by relevant market indicators if available.

Disclosures About Segments And

Disclosures About Segments And Related Information	3 Months Ended
	Mar. 31, 2017
Disclosures About Segments And Related Information [Abstract]
Disclosures About Segments And Related Information	8 . Disclosures about Segments and Related Information Three Months Ended March 31, 2017 2016 Earnings After Income Tax (millions of dollars) Upstream United States (18) (832) Non-U.S. 2,270 756 Downstream United States 292 187 Non-U.S. 824 719 Chemical United States 529 581 Non-U.S. 642 774 All other (529) (375) Corporate total 4,010 1,810 Sales and Other Operating Revenue (1) Upstream United States 2,324 1,450 Non-U.S. 3,593 3,019 Downstream United States 15,365 11,513 Non-U.S. 32,617 24,937 Chemical United States 2,783 2,385 Non-U.S. 4,394 3,799 All other 14 2 Corporate total 61,090 47,105 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 1,290 806 Non-U.S. 5,899 3,453 Downstream United States 3,646 2,390 Non-U.S. 5,214 4,070 Chemical United States 1,770 1,404 Non-U.S. 1,190 952 All other 56 58

InterOil Corporation and Permia

InterOil Corporation and Permian Basin Properties Acquisitions	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Mergers Acquisitions And Dispositions Disclosures [TextBlock]	9. InterOil Corporation and Permian Basin Properties Acquisitions InterOil Corporation On February 22, 2017, t he Corporation completed the acquisition of InterOil Corporation (IOC) for $2.7 billion . The IOC acquisition was unproved properties i n Papua Ne w Guinea. Consideration included 28 million shares of Exxon Mobil Corporation common stock having a value on the acquisition date of $2.2 billion, a Contingent Resource Payment (CRP) with a fair value of $0.3 billion and cash of $0.2 billion . The C RP provides IOC shareholders $7.07 per share in cash for each incremental independently certified Trillion Cubic Feet Equivalent (TCFE) of resources above 6.2 TCFE, up to 11.0 TCFE. IOC’s assets include a contingent 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. The fair value of the contingent receivable was $1.1 billion at the acquisition date. Fair values of contingent amounts were based on assumptio ns about the outcome of the resource certification, future business plans and appropriate discount rates. Amounts due to the Corporation related to the contingent receivable are expected to exceed those payable under the terms of the CRP. Permian Basin P roperties On February 28, 2017, the Corporation completed the acquisition for $6.2 billion of a number of companies from the Bass family in Fort Worth, Texas, that indirectly own mostly unproved oil and gas properties in the Permian Basin and other assets . Consideration included 68 million shares of Exxon Mobil Corporation c ommon stock having a valu e on the acquisition date of $5.5 billion, together with additional contingent cash payments tied to future drilling and completion activities (up to a maximum of $1.02 billion). The fair value of the contingent payment was $0.7 billion as of the acquisition date and is expected to be paid beginning in 2020 and ending no later than 2032 commensurate with the development of the resource. Fair value of the continge nt payment was based on assumptions including drilling and completion activities, appropriate discount rates and tax rates. Below is a summary of the net assets acquired for each acquisition. IOC Permian (billions of dollars) Current assets 0.6 - Property, plant and equipment 2.9 6.3 Other 0.6 - Total assets 4.1 6.3 Current liabilities 0.5 - Long-term liabilities 0.9 0.1 Total liabilities 1.4 0.1 Net assets acquired 2.7 6.2

Litigation And Other Continge19

Litigation And Other Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Litigation And Other Contingencies [Abstract]
Schedule Of Guarantees	As of March 31, 2017 Equity Other Company Third Party Obligations (1) Obligations Total (millions of dollars) Guarantees Debt-related 117 30 147 Other 2,667 4,000 6,667 Total 2,784 4,030 6,814 (1) ExxonMobil share

Other Comprehensive Income In20

Other Comprehensive Income Information (Tables)	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income Information [Abstract]
Schedule Of Accumulated Other Comprehensive Income Information	Cumulative Post- Foreign retirement Exchange Benefits ExxonMobil Share of Accumulated Other Translation Reserves Comprehensive Income Adjustment Adjustment Total (millions of dollars) Balance as of December 31, 2015 (14,170) (9,341) (23,511) Current period change excluding amounts reclassified from accumulated other comprehensive income 2,962 (116) 2,846 Amounts reclassified from accumulated other comprehensive income - 281 281 Total change in accumulated other comprehensive income 2,962 165 3,127 Balance as of March 31, 2016 (11,208) (9,176) (20,384) Balance as of December 31, 2016 (14,501) (7,738) (22,239) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,342 (29) 1,313 Amounts reclassified from accumulated other comprehensive income - 247 247 Total change in accumulated other comprehensive income 1,342 218 1,560 Balance as of March 31, 2017 (13,159) (7,520) (20,679)
Reclassification Out Of Accumulated Other Comprehensive Income	Three Months Ended Amounts Reclassified Out of Accumulated Other March 31, Comprehensive Income - Before-tax Income/(Expense) 2017 2016 (millions of dollars) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (1) (359) (414) (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 Income Tax (Expense)/Credit For March 31, Components of Other Comprehensive Income 2017 2016 (millions of dollars) Foreign exchange translation adjustment (18) (11) Postretirement benefits reserves adjustment (excluding amortization) 5 80 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (103) (125) Total (116) (56)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share Computation	Three Months Ended March 31, 2017 2016 Earnings per common share Net income attributable to ExxonMobil (millions of dollars) 4,010 1,810 Weighted average number of common shares outstanding (millions of shares) 4,223 4,178 Earnings per common share (dollars) (1) 0.95 0.43 (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 Postretirem22

Pension And Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Pension And Other Postretirement Benefits	Three Months Ended March 31, 2017 2016 (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 197 202 Interest cost 199 198 Expected return on plan assets (194) (182) Amortization of actuarial loss/(gain) and prior service cost 110 124 Net pension enhancement and curtailment/settlement cost 105 111 Net benefit cost 417 453 Pension Benefits - Non-U.S. Service cost 145 149 Interest cost 187 213 Expected return on plan assets (239) (235) Amortization of actuarial loss/(gain) and prior service cost 127 148 Net pension enhancement and curtailment/settlement cost (5) - Net benefit cost 215 275 Other Postretirement Benefits Service cost 26 35 Interest cost 72 89 Expected return on plan assets (6) (6) Amortization of actuarial loss/(gain) and prior service cost 17 31 Net benefit cost 109 149

Disclosures About Segments An23

Disclosures About Segments And Related Information (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosures About Segments And Related Information [Abstract]
Disclosures About Segments And Related Information	Three Months Ended March 31, 2017 2016 Earnings After Income Tax (millions of dollars) Upstream United States (18) (832) Non-U.S. 2,270 756 Downstream United States 292 187 Non-U.S. 824 719 Chemical United States 529 581 Non-U.S. 642 774 All other (529) (375) Corporate total 4,010 1,810 Sales and Other Operating Revenue (1) Upstream United States 2,324 1,450 Non-U.S. 3,593 3,019 Downstream United States 15,365 11,513 Non-U.S. 32,617 24,937 Chemical United States 2,783 2,385 Non-U.S. 4,394 3,799 All other 14 2 Corporate total 61,090 47,105 (1) Includes sales-based taxes Intersegment Revenue Upstream United States 1,290 806 Non-U.S. 5,899 3,453 Downstream United States 3,646 2,390 Non-U.S. 5,214 4,070 Chemical United States 1,770 1,404 Non-U.S. 1,190 952 All other 56 58

InterOil Corporation and Perm24

InterOil Corporation and Permian Basin Properties Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule Of Business Acquisitions, By Acquisition [Table]	IOC Permian (billions of dollars) Current assets 0.6 - Property, plant and equipment 2.9 6.3 Other 0.6 - Total assets 4.1 6.3 Current liabilities 0.5 - Long-term liabilities 0.9 0.1 Total liabilities 1.4 0.1 Net assets acquired 2.7 6.2

Litigation And Other Continge25

Litigation And Other Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 09, 2017	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
Annulled portion of award for Cerro Negro Project	$ 1,400
Retained portion of award for Cerro Negro Project	$ 260

Litigation And Other Continge26

Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions	Mar. 31, 2017USD ($)
Litigation And Other Contingencies [Line Items]
Guarantees	$ 6,814
Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	2,784	[1]
Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	4,030
Debt Related Guarantees [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	147
Debt Related Guarantees [Member] | Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	117	[1]
Debt Related Guarantees [Member] | Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	30
Other Guarantees [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	6,667
Other Guarantees [Member] | Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	2,667	[1]
Other Guarantees [Member] | Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	$ 4,000
[1]	ExxonMobil share

Other Comprehensive Income In27

Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract]
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	$ 1,408	$ 3,340
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract]
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	(25)	(119)
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	256	289
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract]
Beginning Balance, Total	(22,239)
Ending Balance, Total	(20,679)
Exxon Mobil Corporation Share After Noncontrolling Interest [Member]
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract]
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment	(14,501)	(14,170)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	1,342	2,962
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	1,342	2,962
Ending Balance, Cumulative Foreign Exchange Translation Adjustment	(13,159)	(11,208)
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract]
Beginning Balance, Postretirement Benefits Reserves Adjustment	(7,738)	(9,341)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	(29)	(116)
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	247	281
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	218	165
Ending Balance, Postretirement Benefits Reserves Adjustment	(7,520)	(9,176)
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract]
Beginning Balance, Total	(22,239)	(23,511)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total	1,313	2,846
Amounts reclassified from accumulated other comprehensive income, Total	247	281
Total change in accumulated other comprehensive income, Total	1,560	3,127
Ending Balance, Total	$ (20,679)	$ (20,384)

Other Comprehensive Income In28

Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income Loss Before Tax [Abstract]
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	[1]	$ (359)	$ (414)
[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 In29

Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income Information [Abstract]
Foreign exchange translation adjustment	$ (18)	$ (11)
Postretirement benefits reserves adjustment (excluding amortization)	5	80
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(103)	(125)
Total	$ (116)	$ (56)

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
		Mar. 31, 2017	Mar. 31, 2016
Earnings per common share
Net income attributable to ExxonMobil		$ 4,010	$ 1,810
Weighted average number of common shares outstanding		4,223	4,178
Earnings per common share (dollars)	[1]	$ 0.95	$ 0.43
[1]	The calculation of earnings per common share and earnings per common share-assuming dilution are the same in each period.

Pension And Other Postretirem31

Pension And Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension Benefits - U.S. [Member]
Service cost	$ 197	$ 202
Interest cost	199	198
Expected return on plan assets	(194)	(182)
Amortization of actuarial loss/(gain) and prior service cost	110	124
Net pension enhancement and curtailment/settlement cost	105	111
Net benefit cost	417	453
Pension Benefits - Non-U.S. [Member]
Service cost	145	149
Interest cost	187	213
Expected return on plan assets	(239)	(235)
Amortization of actuarial loss/(gain) and prior service cost	127	148
Net pension enhancement and curtailment/settlement cost	(5)
Net benefit cost	215	275
Other Postretirement Benefits [Member]
Service cost	26	35
Interest cost	72	89
Expected return on plan assets	(6)	(6)
Amortization of actuarial loss/(gain) and prior service cost	17	31
Net benefit cost	$ 109	$ 149

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Estimated fair value of total long-term debt, excluding capitalized lease obligations	$ 24,219	$ 27,968
Recorded book values of total long-term debt, excluding capitalized lease obligations	23,907	$ 27,707
Level 1 [Member]
Debt Instrument [Line Items]
Estimated fair value of total long-term debt, excluding capitalized lease obligations	24,028
Level 2 [Member]
Debt Instrument [Line Items]
Estimated fair value of total long-term debt, excluding capitalized lease obligations	185
Level 3 [Member]
Debt Instrument [Line Items]
Estimated fair value of total long-term debt, excluding capitalized lease obligations	$ 6

Disclosures About Segments An33

Disclosures About Segments And Related Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Earnings after income tax		$ 4,010	$ 1,810
Sales and other operating revenue	[1],[2]	61,090	47,105
Upstream United States [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		(18)	(832)
Sales and other operating revenue	[1]	2,324	1,450
Intersegment Revenue		1,290	806
Upstream Non-U.S. [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		2,270	756
Sales and other operating revenue	[1]	3,593	3,019
Intersegment Revenue		5,899	3,453
Downstream United States [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		292	187
Sales and other operating revenue	[1]	15,365	11,513
Intersegment Revenue		3,646	2,390
Downstream Non-U.S. [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		824	719
Sales and other operating revenue	[1]	32,617	24,937
Intersegment Revenue		5,214	4,070
Chemical United States [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		529	581
Sales and other operating revenue	[1]	2,783	2,385
Intersegment Revenue		1,770	1,404
Chemical Non-U.S. [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		642	774
Sales and other operating revenue	[1]	4,394	3,799
Intersegment Revenue		1,190	952
All Other [Member]
Segment Reporting Information [Line Items]
Earnings after income tax		(529)	(375)
Sales and other operating revenue	[1]	14	2
Intersegment Revenue		$ 56	$ 58
[1]	Includes sales-based taxes
[2]	Sales-based taxes included in sales and other operating revenue for the three months ended March 31, 2017, and 2016, were $5,342 million and $4,815 million, respectively.

InterOil Corporation and Perm34

InterOil Corporation and Permian Basin Properties Acquisitions (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)Tcfe$ / shares$ / Mcfeshares	Feb. 28, 2017USD ($)	Feb. 22, 2017USD ($)
InterOil Corporation [Member]
Business Acquisition [Line Items]
Date of agreement to acquire InterOil Corporation	Feb. 22, 2017
Total purchase price	$ 2,700
Cash paid	200
Contingent liability fair value	300
Business combination consideration transferred equity interests issued	$ 2,200
Business acquisition equity interests issued or issuable, number of shares issued | shares	28
Business Combination Contingent Consideration Liability [Abstract]
Contingent consideration per trillion cubic feet equivalent of resources | $ / shares	$ 7.07
Minimum resource for contingent consideration, tcfe | Tcfe	6.2
Maximum resource equivalent for contingent consideration, tcfe | Tcfe	11
Business Combination Contingent Consideration Asset [Abstract]
Minimum resource for contingent receivable, tcfe | Tcfe	3.5
Minimum amount per thousand cubic feet equivalent | $ / Mcfe	0.24
Maximum amount per thousand cubic feet equivalent | $ / Mcfe	0.4
Contingent receivable	$ 1,100
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net [Abstract]
Current assets			$ 600
Property, plant and equipment			2,900
Other			600
Total assets			4,100
Current liabilities			500
Long-term liabilities			900
Total liabilities			1,400
Net assets acquired			$ 2,700
Permian Basin Properties [Member]
Business Acquisition [Line Items]
Date of agreement to acquire InterOil Corporation	Feb. 28, 2017
Total purchase price	$ 6,200
Contingent liability fair value	700
Business combination consideration transferred equity interests issued	$ 5,500
Business acquisition equity interests issued or issuable, number of shares issued | shares	68
Business Combination Contingent Consideration Liability [Abstract]
Contingent cash payments, maximum	$ 1,020
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net [Abstract]
Property, plant and equipment		$ 6,300
Total assets		6,300
Long-term liabilities		100
Total liabilities		100
Net assets acquired		$ 6,200
Permian Basin Properties [Member] | Maximum [Member]
Business Combination Contingent Consideration Liability [Abstract]
Expected Date Of Payment	2,032
Permian Basin Properties [Member] | Minimum [Member]
Business Combination Contingent Consideration Liability [Abstract]
Expected Date Of Payment	2,020