Exxon Mobil (XOM) 8-K ExxonMobil Announces First-Quarter 2023 Results

	.	EXHIBIT 99.2
To assist investors in assessing 1Q23 results, the following disclosures have been made available in this 8-K filing:
–Identified items of $(0.04) per share assuming dilution, as noted on page 1 of the news release
–A reconciliation of cash flow from operations and asset sales excluding working capital on page 1 of this exhibit and on page 8 of the news release

1Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
Earnings/(Loss), $M (unless noted)		1Q23		4Q22		3Q22		2Q22		1Q22
Upstream	United States	1,632		2,493		3,110		3,749		2,376
	Non-U.S.	4,825		5,708		9,309		7,622		2,112
	Total	6,457		8,201		12,419		11,371		4,488
Energy Products	United States	1,910		2,188		3,008		2,655		489
	Non-U.S.	2,273		1,882		2,811		2,617		(684)
	Total	4,183		4,070		5,819		5,273		(196)
Chemical Products	United States	324		298		635		625		770
	Non-U.S.	47		(48)		177		450		636
	Total	371		250		812		1,076		1,405
Specialty Products	United States	451		406		306		232		246
	Non-U.S.	323		354		456		185		230
	Total	774		760		762		417		476
Corporate and Financing		(355)		(531)		(152)		(286)		(694)
Net income attributable to ExxonMobil (U.S. GAAP)		11,430		12,750		19,660		17,850		5,480
Earnings/(Loss) per common share (U.S. GAAP)		2.79		3.09		4.68		4.21		1.28
Earnings/(Loss) per common share - assuming dilution (U.S. GAAP)		2.79		3.09		4.68		4.21		1.28
Effective Income Tax Rate, %		34	%	36	%	29	%	31	%	40	%
Capital and Exploration Expenditures, $M		1Q23		4Q22		3Q22		2Q22		1Q22
Upstream	United States	2,108		2,118		1,837		1,644		1,369
	Non-U.S.	2,473		3,297		2,244		1,983		2,510
	Total	4,581		5,415		4,081		3,627		3,879
Energy Products	United States	358		343		316		300		392
	Non-U.S.	327		405		274		206		174
	Total	685		748		590		506		566
Chemical Products	United States	285		332		310		250		231
	Non-U.S.	546		824		644		169		205
	Total	831		1,156		954		419		436
Specialty Products	United States	11		12		15		14		5
	Non-U.S.	80		90		72		42		18
	Total	91		102		87		56		23
Other		192		42		16		1		—
Total Capital and Exploration Expenditures		6,380		7,463		5,728		4,609		4,904
Exploration expenses, including dry holes		141		348		218		286		173
Cash Capital Expenditures, $M		1Q23		4Q22		3Q22		2Q22		1Q22
Additions to property, plant and equipment		5,412		5,783		4,876		3,837		3,911
Net investments and advances		367		905		184		166		327
Total Cash Capital Expenditures		5,779		6,688		5,060		4,003		4,238
Total Cash and Cash Equivalents, $G		32.7		29.7		30.5		18.9		11.1
Total Debt, $G		41.4		41.2		45.4		46.9		47.5
Cash Flow from Operations and Asset Sales excluding working capital (non-GAAP), $M		1Q23		4Q22		3Q22		2Q22		1Q22
Net cash provided by operating activities (GAAP)		16,341		17,621		24,425		19,963		14,788
Proceeds associated with asset sales		854		1,333		2,682		939		293
Cash flow from operations and asset sales (non-GAAP)		17,195		18,954		27,107		20,902		15,081
Changes in operational working capital		302		200		(1,667)		2,747		(1,086)
Cash flow from operations and asset sales      excluding working capital (non-GAAP)		17,497		19,154		25,440		23,649		13,995
Common Shares Outstanding, millions		1Q23		4Q22		3Q22		2Q22		1Q22
At quarter end		4,043		4,082		4,118		4,168		4,213
Average - assuming dilution		4,102		4,138		4,185		4,233		4,266

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1Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
Upstream Volumes		1Q23	4Q22	3Q22	2Q22	1Q22
Liquids production (kbd) ¹
	United States	820	789	783	777	753
	Canada/Other Americas	670	682	641	556	474
	Europe	4	4	4	4	4
	Africa	220	223	249	224	257
	Asia	749	725	666	691	738
	Australia/Oceania	32	38	46	46	40
Worldwide liquids production		2,495	2,461	2,389	2,298	2,266
¹ Net production of crude oil, natural gas liquids, bitumen and synthetic oil, kbd
Natural gas production available for sale (mcfd)
	United States	2,367	2,383	2,351	2,699	2,777
	Canada/Other Americas	94	74	158	180	182
	Europe	548	536	541	825	770
	Africa	134	89	70	67	58
	Asia	3,597	3,704	3,304	3,320	3,340
	Australia/Oceania	1,276	1,381	1,539	1,515	1,325
Worldwide natural gas production available for sale		8,016	8,167	7,963	8,606	8,452
Oil-equivalent production, koebd ²		3,831	3,822	3,716	3,732	3,675
² Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
Manufacturing Throughput and Sales		1Q23	4Q22	3Q22	2Q22	1Q22
Refinery throughput, kbd
	United States	1,643	1,694	1,742	1,686	1,685
	Canada	417	433	426	413	399
	Europe	1,189	1,157	1,253	1,164	1,193
	Asia Pacific	565	532	557	532	537
	Other	184	167	187	193	169
Worldwide refinery throughput		3,998	3,983	4,165	3,988	3,983
Energy Products sales, kbd
	United States	2,459	2,507	2,479	2,452	2,262
	Non-U.S.	2,818	2,916	3,058	2,858	2,849
Worldwide Energy Products sales		5,277	5,423	5,537	5,310	5,111
	Gasolines, naphthas	2,177	2,270	2,335	2,208	2,114
	Heating oils, kerosene, diesel	1,770	1,798	1,818	1,755	1,722
	Aviation fuels	312	349	365	350	289
	Heavy fuels	215	210	252	228	249
	Other energy products	803	796	767	769	737
Worldwide Energy Products sales		5,277	5,423	5,537	5,310	5,111
Chemical Products sales, kt
	United States	1,561	1,583	1,658	1,998	2,032
	Non-U.S.	3,088	3,076	3,023	2,812	2,986
Worldwide Chemical Products sales		4,649	4,658	4,680	4,811	5,018
Specialty Products sales, kt
	United States	476	455	483	590	522
	Non-U.S.	1,464	1,332	1,434	1,511	1,484
Worldwide Specialty Products sales		1,940	1,787	1,917	2,100	2,006

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1Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
Earnings Factor Analysis, $M	1Q23 vs. 1Q22	1Q23 vs. 4Q22
Upstream
Prior Period	4,488	8,201
Realization	(1,750)	(3,450)
Volume / Mix	620	350
Expenses	(170)	180
Identified Items	3,100	400
Other	170	780
Current Period	6,457	6,457
Energy Products
Prior Period	(196)	4,070
Margin	4,520	270
Volume / Mix	150	(160)
Expenses	(180)	(10)
Identified Items	(30)	650
Other	(80)	(640)
Current Period	4,183	4,183
Chemical Products
Prior Period	1,405	250
Margin	(570)	180
Volume / Mix	(280)	30
Expenses	(170)	(50)
Other	(10)	(40)
Current Period	371	371
Specialty Products
Prior Period	476	760
Margin	390	(140)
Volume / Mix	(10)	100
Expenses	—	110
Identified Items	—	40
Other	(80)	(100)
Current Period	774	774
Upstream Volume Factor Analysis, koebd	1Q23 vs. 1Q22	1Q23 vs. 4Q22
Prior Period	3,675	3,822
Entitlements - Net Interest	(65)	—
Entitlements - Price / Spend / Other	55	(2)
Government Mandates	4	(1)
Divestments	(133)	(34)
Growth / Other	295	46
Current Period	3,831	3,831

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1Q23 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
Average Realization Data	1Q23	4Q22	3Q22	2Q22	1Q22
United States
ExxonMobil
Crude ($/b)	73.95	82.14	91.69	107.78	93.51
Natural Gas ($/kcf)	3.20	6.62	8.38	6.49	4.80
Benchmarks
WTI ($/b)	76.11	82.85	91.76	108.66	94.49
ANS-WC ($/b)	79.14	87.96	98.82	112.11	95.43
Henry Hub ($/mbtu)	3.44	6.26	8.20	7.17	4.96
Non-U.S.
ExxonMobil
Crude ($/b)	67.93	75.78	91.42	103.15	89.71
Natural Gas ($/kcf)	17.39	21.11	22.92	19.68	16.42
European NG ($/kcf)	27.46	35.52	37.24	27.90	24.10
Benchmarks
Brent ($/b)	81.28	88.71	100.85	113.78	101.41

The above numbers reflect ExxonMobil’s current estimate of volumes and realizations given data available as of the end of the first quarter of 2023. Volumes and realizations may be adjusted when full statements on joint venture operations are received from outside operators. ExxonMobil management assumes no duty to update these estimates.

Sources and Uses of Funds, $M	1Q23
Beginning Cash	29,665
Earnings	11,430
Depreciation	4,244
Working Capital / Other	667
Proceeds Associated with Asset Sales	854
PP&E Adds / Investments and Advances ¹	(5,779)
Shareholder Distributions	(8,077)
Debt / Other Financing	(328)
Ending Cash	32,676

¹ PP&E Adds / Investments and Advances includes PP&E adds of ($5.4B) and net advances of ($0.4B).

Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up precisely to the totals indicated.