Exxon Mobil : Reclassified historical segment results are unaudited estimates. Due to rounding, numbers presented may not add up precisely to the totals indicated - Form 8-K
June 17, 2022 at 04:54 pm
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Reclassified historical segment results are unaudited estimates.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Segmentation Basis (prior to 2Q22)
Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Upstream
United States
(18)
(183)
(238)
7,061
6,622
429
439
606
265
1,739
96
335
37
68
536
(704)
(1,197)
(681)
(16,803)
(19,385)
363
663
869
1,768
3,663
2,376
Non-U.S.
2,270
1,367
1,805
1,291
6,733
3,068
2,601
3,623
3,048
12,340
2,780
2,926
2,131
6,069
13,906
1,240
(454)
298
(1,729)
(645)
2,191
2,522
3,082
4,317
12,112
2,112
Total
2,252
1,184
1,567
8,352
13,355
3,497
3,040
4,229
3,313
14,079
2,876
3,261
2,168
6,137
14,442
536
(1,651)
(383)
(18,532)
(20,030)
2,554
3,185
3,951
6,085
15,775
4,488
Downstream
United States
292
347
391
918
1,948
319
695
961
987
2,962
(161)
310
673
895
1,717
(101)
(101)
(136)
(514)
(852)
(113)
(149)
663
913
1,314
685
Non-U.S.
824
1,038
1,141
646
3,649
621
29
681
1,717
3,048
(95)
141
557
3
606
(510)
1,077
(95)
(697)
(225)
(277)
(78)
592
554
791
(353)
Total
1,116
1,385
1,532
1,564
5,597
940
724
1,642
2,704
6,010
(256)
451
1,230
898
2,323
(611)
976
(231)
(1,211)
(1,077)
(390)
(227)
1,255
1,467
2,105
332
Chemical
United States
529
481
403
777
2,190
503
453
404
282
1,642
161
(6)
53
(2)
206
288
171
357
461
1,277
715
1,282
1,183
1,322
4,502
819
Non-U.S.
642
504
689
493
2,328
508
437
309
455
1,709
357
194
188
(353)
386
(144)
296
304
230
686
700
1,038
957
599
3,294
535
Total
1,171
985
1,092
1,270
4,518
1,011
890
713
737
3,351
518
188
241
(355)
592
144
467
661
691
1,963
1,415
2,320
2,140
1,921
7,796
1,354
Corporate and Financing
(529)
(204)
(221)
(2,806)
(3,760)
(798)
(704)
(344)
(754)
(2,600)
(788)
(770)
(469)
(990)
(3,017)
(679)
(872)
(727)
(1,018)
(3,296)
(849)
(588)
(596)
(603)
(2,636)
(694)
Net Income/(Loss) attributable
to ExxonMobil (U.S. GAAP)
4,010
3,350
3,970
8,380
19,710
4,650
3,950
6,240
6,000
20,840
2,350
3,130
3,170
5,690
14,340
(610)
(1,080)
(680)
(20,070)
(22,440)
2,730
4,690
6,750
8,870
23,040
5,480
Segmentation Basis (effective 2Q22)
Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Upstream
United States
(18)
(183)
(238)
7,061
6,622
429
439
606
265
1,739
96
335
37
68
536
(704)
(1,197)
(681)
(16,803)
(19,385)
363
663
869
1,768
3,663
2,376
Non-U.S.
2,270
1,367
1,805
1,291
6,733
3,068
2,601
3,623
3,048
12,340
2,780
2,926
2,131
6,069
13,906
1,240
(454)
298
(1,729)
(645)
2,191
2,522
3,082
4,317
12,112
2,112
Total
2,252
1,184
1,567
8,352
13,355
3,497
3,040
4,229
3,313
14,079
2,876
3,261
2,168
6,137
14,442
536
(1,651)
(383)
(18,532)
(20,030)
2,554
3,185
3,951
6,085
15,775
4,488
Energy Products
United States
255
263
319
856
1,693
279
631
953
1,059
2,922
(195)
203
589
828
1,425
(183)
(212)
(300)
(648)
(1,342)
(232)
(278)
479
699
668
489
Non-U.S.
594
655
804
425
2,477
400
(172)
559
1,561
2,348
(175)
21
335
(164)
17
(645)
895
(399)
(1,081)
(1,230)
(689)
(578)
50
203
(1,014)
(684)
Total
849
918
1,122
1,280
4,170
679
459
1,512
2,620
5,270
(369)
223
924
664
1,442
(828)
683
(699)
(1,728)
(2,572)
(921)
(856)
529
901
(347)
(196)
Chemical Products
United States
426
389
342
598
1,754
441
382
313
203
1,339
103
(23)
2
14
97
220
174
364
439
1,196
654
1,149
1,121
774
3,697
770
Non-U.S.
571
482
663
509
2,225
492
483
293
388
1,655
332
289
298
(240)
679
(4)
278
360
427
1,061
737
1,051
907
597
3,292
636
Total
997
870
1,005
1,107
3,979
933
865
606
591
2,994
435
266
301
(226)
776
215
451
724
866
2,257
1,391
2,200
2,027
1,371
6,989
1,405
Specialty Products
United States
140
176
133
241
691
101
135
99
8
343
92
124
134
51
401
151
108
156
156
571
180
262
247
763
1,452
246
Non-U.S.
301
406
364
205
1,276
238
155
138
223
754
105
26
112
54
296
(5)
200
248
187
630
375
487
592
353
1,807
230
Total
441
582
497
446
1,966
339
290
237
231
1,097
196
150
246
105
697
146
309
405
342
1,201
555
750
839
1,116
3,259
476
Corporate and Financing
(529)
(204)
(221)
(2,806)
(3,760)
(798)
(704)
(344)
(754)
(2,600)
(788)
(770)
(469)
(990)
(3,017)
(679)
(872)
(727)
(1,018)
(3,296)
(849)
(588)
(596)
(603)
(2,636)
(694)
Net Income/(Loss) attributable
to ExxonMobil (U.S. GAAP)
4,010
3,350
3,970
8,380
19,710
4,650
3,950
6,240
6,000
20,840
2,350
3,130
3,170
5,690
14,340
(610)
(1,080)
(680)
(20,070)
(22,440)
2,730
4,690
6,750
8,870
23,040
5,480
Attachment II - Identified Items Recast
Reclassified historical segment results are unaudited estimates.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
As per previously reported data. Identified items as per frequently used terms from 2018 onwards. 2017 data shows reported Asset Impairments and U.S. Tax reform impacts.
Earnings/(loss) excluding identified items are earnings/(loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Earnings/(loss) excluding identified items does include non-operational earnings events or impacts that are below the $250 million threshold utilized for identified items. When the effect of these events are material in aggregate, they are indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The Corporation believes this view provides investors increased transparency into business results and trends, and provides investors with a view of the business as seen through the eyes of management. Earnings excluding identified items is not meant to be viewed in isolation or as a substitute for net income/(loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP.
Segmentation Basis (prior to 2Q22)
Identified Items Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Upstream
United States
Impairments
-
-
(40)
(481)
(521)
-
-
-
-
-
-
-
-
-
-
(315)
-
-
(16,777)
(17,092)
-
-
-
(263)
(263)
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(45)
45
-
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
7,602
7,602
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(274)
(274)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
(40)
7,121
7,081
-
-
-
(274)
(274)
-
-
-
-
-
(360)
45
-
(16,777)
(17,092)
-
-
-
(263)
(263)
-
Non-U.S.
Impairments
-
(118)
(58)
(807)
(983)
-
-
-
-
-
-
-
-
-
-
(41)
-
-
(2,203)
(2,244)
-
-
-
(489)
(489)
(2,877)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
-
366
-
-
-
3,679
3,679
-
-
-
-
-
-
-
-
459
459
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(218)
168
(11)
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
(480)
(480)
-
-
271
-
271
-
487
-
268
755
-
-
-
(297)
(297)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(96)
(96)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(58)
(1,287)
(1,463)
366
-
271
(96)
541
-
487
-
3,947
4,434
(259)
168
(11)
(2,500)
(2,602)
-
-
-
(280)
(280)
(3,255)
Total
Impairments
-
(118)
(98)
(1,288)
(1,504)
-
-
-
-
-
-
-
-
-
-
(356)
-
-
(18,980)
(19,336)
-
-
-
(752)
(752)
(2,877)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
-
366
-
-
-
3,679
3,679
-
-
-
-
-
-
-
-
459
459
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(263)
213
(11)
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
7,122
7,122
-
-
271
-
271
-
487
-
268
755
-
-
-
(297)
(297)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(370)
(370)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(98)
5,834
5,618
366
-
271
(370)
267
-
487
-
3,947
4,434
(619)
213
(11)
(19,277)
(19,694)
-
-
-
(543)
(543)
(3,255)
Downstream
United States
Impairments
-
-
-
(6)
(6)
-
-
-
-
-
-
-
-
-
-
(4)
-
-
-
(4)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4
4
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(407)
404
3
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
618
618
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
612
612
-
-
-
-
-
-
-
-
-
-
(411)
404
3
-
(4)
-
-
-
4
4
-
Non-U.S.
Impairments
-
-
(11)
-
(11)
-
-
-
-
-
-
-
-
-
-
(335)
-
-
(258)
(593)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
888
888
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(1,196)
1,190
6
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
-
-
-
-
-
57
57
-
(9)
-
-
(9)
-
-
-
(262)
(262)
-
-
-
-
-
-
Total
-
-
(11)
-
(11)
-
-
-
945
945
-
(9)
-
-
(9)
(1,531)
1,190
6
(520)
(855)
-
-
-
-
-
-
Total
Impairments
-
-
(11)
(6)
(17)
-
-
-
-
-
-
-
-
-
-
(339)
-
-
(258)
(597)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
888
888
-
-
-
-
-
-
-
-
-
-
-
-
-
4
4
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(1,603)
1,594
9
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
618
618
-
-
-
57
57
-
(9)
-
-
(9)
-
-
-
(262)
(262)
-
-
-
-
-
-
Total
-
-
(11)
612
601
-
-
-
945
945
-
(9)
-
-
(9)
(1,942)
1,594
9
(520)
(859)
-
-
-
4
4
-
Segmentation Basis (prior to 2Q22)- Continued
Identified Items Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Chemical
United States
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(90)
-
-
-
(90)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
494
494
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(29)
29
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
335
335
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
335
335
-
-
-
-
-
-
-
-
-
-
(90)
(29)
29
-
(90)
-
-
-
494
494
-
Non-U.S.
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2)
-
-
-
(2)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
136
136
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(230)
144
86
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
-
-
-
-
-
212
212
-
2
-
-
2
-
-
-
(22)
(22)
-
-
-
-
-
-
Total
-
-
-
-
-
-
-
-
212
212
-
2
-
-
2
(232)
144
86
(22)
(24)
-
-
-
136
136
-
Total
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(92)
-
-
-
(92)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
630
630
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(230)
115
115
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
335
335
-
-
-
212
212
-
2
-
-
2
-
-
-
(22)
(22)
-
-
-
-
-
-
Total
-
-
-
335
335
-
-
-
212
212
-
2
-
-
2
(322)
115
115
(22)
(114)
-
-
-
630
630
-
Corporate and Financing
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(35)
(35)
-
-
-
-
-
(98)
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
(6)
(6)
-
-
-
(24)
(24)
-
-
-
-
-
-
-
-
(12)
(12)
-
Severance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(326)
(326)
(31)
(12)
(5)
(4)
(52)
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
(2,133)
(2,133)
-
-
348
-
348
-
25
307
-
332
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
(2,133)
(2,133)
-
-
348
(6)
342
-
25
307
(24)
308
-
-
-
(361)
(361)
(31)
(12)
(5)
(16)
(64)
(98)
Identified items impact attributable to ExxonMobil
Impairments
-
(118)
(109)
(1,294)
(1,521)
-
-
-
-
-
-
-
-
-
-
(787)
-
-
(19,273)
(20,060)
-
-
-
(752)
(752)
(2,975)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
882
1,248
-
-
-
3,655
3,655
-
-
-
-
-
-
-
-
1,081
1,081
-
Severance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(326)
(326)
(31)
(12)
(5)
(4)
(52)
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,096)
1,922
113
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
5,942
5,942
-
-
619
269
888
-
505
307
268
1,080
-
-
-
(581)
(581)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(370)
(370)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(109)
4,648
4,421
366
-
619
781
1,766
-
505
307
3,923
4,735
(2,883)
1,922
113
(20,180)
(21,028)
(31)
(12)
(5)
75
27
(3,353)
Segmentation Basis (effective 2Q22)
Identified Items Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Upstream
United States
Impairments
-
-
(40)
(481)
(521)
-
-
-
-
-
-
-
-
-
-
(315)
-
-
(16,777)
(17,092)
-
-
-
(263)
(263)
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(45)
45
-
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
7,602
7,602
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(274)
(274)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
(40)
7,121
7,081
-
-
-
(274)
(274)
-
-
-
-
-
(360)
45
-
(16,777)
(17,092)
-
-
-
(263)
(263)
-
Non-U.S.
Impairments
-
(118)
(58)
(807)
(983)
-
-
-
-
-
-
-
-
-
-
(41)
-
-
(2,203)
(2,244)
-
-
-
(489)
(489)
(2,877)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
-
366
-
-
-
3,679
3,679
-
-
-
-
-
-
-
-
459
459
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(218)
168
(11)
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
(480)
(480)
-
-
271
-
271
-
487
-
268
755
-
-
-
(297)
(297)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(96)
(96)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(58)
(1,287)
(1,463)
366
-
271
(96)
541
-
487
-
3,947
4,434
(259)
168
(11)
(2,500)
(2,602)
-
-
-
(280)
(280)
(3,255)
Total
Impairments
-
(118)
(98)
(1,288)
(1,504)
-
-
-
-
-
-
-
-
-
-
(356)
-
-
(18,980)
(19,336)
-
-
-
(752)
(752)
(2,877)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
-
366
-
-
-
3,679
3,679
-
-
-
-
-
-
-
-
459
459
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(263)
213
(11)
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
7,122
7,122
-
-
271
-
271
-
487
-
268
755
-
-
-
(297)
(297)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(370)
(370)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(98)
5,834
5,618
366
-
271
(370)
267
-
487
-
3,947
4,434
(619)
213
(11)
(19,277)
(19,694)
-
-
-
(543)
(543)
(3,255)
Energy Products
United States
Impairments
-
-
-
(6)
(6)
-
-
-
-
-
-
-
-
-
-
(4)
-
-
-
(4)
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(407)
399
8
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
581
581
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
575
575
-
-
-
-
-
-
-
-
-
-
(411)
399
8
-
(4)
-
-
-
-
-
-
Non-U.S.
Impairments
-
-
(11)
-
(11)
-
-
-
-
-
-
-
-
-
-
(116)
-
-
(258)
(374)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
847
847
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(1,302)
1,290
12
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
-
-
-
-
-
49
49
-
(9)
-
-
(9)
-
-
-
(262)
(262)
-
-
-
-
-
-
Total
-
-
(11)
-
(11)
-
-
-
896
896
-
(9)
-
-
(9)
(1,418)
1,290
12
(520)
(636)
-
-
-
-
-
-
Total
Impairments
-
-
(11)
(6)
(17)
-
-
-
-
-
-
-
-
-
-
(120)
-
-
(258)
(378)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
847
847
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(1,709)
1,689
20
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
581
581
-
-
-
49
49
-
(9)
-
-
(9)
-
-
-
(262)
(262)
-
-
-
-
-
-
Total
-
-
(11)
575
564
-
-
-
896
896
-
(9)
-
-
(9)
(1,829)
1,689
20
(520)
(640)
-
-
-
-
-
-
Segmentation Basis (effective 2Q22)- Continued
Identified Items Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Chemical Products
United States
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(90)
-
-
-
(90)
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(19)
19
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
215
215
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
215
215
-
-
-
-
-
-
-
-
-
-
(90)
(19)
19
-
(90)
-
-
-
-
-
-
Non-U.S.
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2)
-
-
-
(2)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
1
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(124)
60
64
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
-
-
-
-
-
155
155
-
2
-
-
2
-
-
-
(13)
(13)
-
-
-
-
-
-
Total
-
-
-
-
-
-
-
-
156
156
-
2
-
-
2
(126)
60
64
(13)
(15)
-
-
-
-
-
-
Total
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(92)
-
-
-
(92)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
1
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(124)
41
83
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
215
215
-
-
-
155
155
-
2
-
-
2
-
-
-
(13)
(13)
-
-
-
-
-
-
Total
-
-
-
215
215
-
-
-
156
156
-
2
-
-
2
(216)
41
83
(13)
(105)
-
-
-
-
-
-
Specialty Products
United States
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
498
498
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5)
5
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
157
157
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
157
157
-
-
-
-
-
-
-
-
-
-
-
(5)
5
-
-
-
-
-
498
498
-
Non-U.S.
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(219)
-
-
-
(219)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
40
40
-
-
-
-
-
-
-
-
-
-
-
-
-
136
136
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(16)
16
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
-
-
-
-
-
65
65
-
-
-
-
-
-
-
-
(9)
(9)
-
-
-
-
-
-
Total
-
-
-
-
-
-
-
-
105
105
-
-
-
-
-
(219)
(16)
16
(9)
(228)
-
-
-
136
136
-
Total
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(219)
-
-
-
(219)
-
-
-
-
-
-
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
40
40
-
-
-
-
-
-
-
-
-
-
-
-
-
634
634
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(21)
21
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
157
157
-
-
-
65
65
-
-
-
-
-
-
-
-
(9)
(9)
-
-
-
-
-
-
Total
-
-
-
157
157
-
-
-
105
105
-
-
-
-
-
(219)
(21)
21
(9)
(228)
-
-
-
634
634
-
Corporate and Financing
Impairments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(35)
(35)
-
-
-
-
-
(98)
Gain/(loss) on sale of assets
-
-
-
-
-
-
-
-
(6)
(6)
-
-
-
(24)
(24)
-
-
-
-
-
-
-
-
(12)
(12)
-
Severance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(326)
(326)
(31)
(12)
(5)
(4)
(52)
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Tax-related items
-
-
-
(2,133)
(2,133)
-
-
348
-
348
-
25
307
-
332
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
-
(2,133)
(2,133)
-
-
348
(6)
342
-
25
307
(24)
308
-
-
-
(361)
(361)
(31)
(12)
(5)
(16)
(64)
(98)
Identified items impact attributable to ExxonMobil
Impairments
-
(118)
(109)
(1,294)
(1,521)
-
-
-
-
-
-
-
-
-
-
(787)
-
-
(19,273)
(20,060)
-
-
-
(752)
(752)
(2,975)
Gain/(loss) on sale of assets
-
-
-
-
-
366
-
-
882
1,248
-
-
-
3,655
3,655
-
-
-
-
-
-
-
-
1,081
1,081
-
Severance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(326)
(326)
(31)
(12)
(5)
(4)
(52)
-
Inventory valuation - lower of cost or market
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,096)
1,922
113
-
(61)
-
-
-
-
-
-
Tax-related items
-
-
-
5,942
5,942
-
-
619
269
888
-
505
307
268
1,080
-
-
-
(581)
(581)
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
(370)
(370)
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
(250)
(378)
Total
-
(118)
(109)
4,648
4,421
366
-
619
781
1,766
-
505
307
3,923
4,735
(2,883)
1,922
113
(20,180)
(21,028)
(31)
(12)
(5)
75
27
(3,353)
Attachment III - Earnings Excluding Identified Items Recast
Reclassified historical segment results are unaudited estimates.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
As per previously reported data. Identified items as per frequently used terms from 2018 onwards. 2017 data shows reported Asset Impairments and U.S. Tax reform impacts.
Earnings/(loss) excluding identified items are earnings/(loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Earnings/(loss) excluding identified items does include non-operational earnings events or impacts that are below the $250 million threshold utilized for identified items. When the effect of these events are material in aggregate, they are indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The Corporation believes this view provides investors increased transparency into business results and trends, and provides investors with a view of the business as seen through the eyes of management. Earnings excluding identified items is not meant to be viewed in isolation or as a substitute for net income/(loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP.
Segmentation Basis (effective 2Q22)
Earnings/(Loss), $M
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Upstream
United States
(18)
(183)
(238)
7,061
6,622
429
439
606
265
1,739
96
335
37
68
536
(704)
(1,197)
(681)
(16,803)
(19,385)
363
663
869
1,768
3,663
2,376
Non-U.S.
2,270
1,367
1,805
1,291
6,733
3,068
2,601
3,623
3,048
12,340
2,780
2,926
2,131
6,069
13,906
1,240
(454)
298
(1,729)
(645)
2,191
2,522
3,082
4,317
12,112
2,112
Total
2,252
1,184
1,567
8,352
13,355
3,497
3,040
4,229
3,313
14,079
2,876
3,261
2,168
6,137
14,442
536
(1,651)
(383)
(18,532)
(20,030)
2,554
3,185
3,951
6,085
15,775
4,488
Energy Products
United States
255
263
319
856
1,693
279
631
953
1,059
2,922
(195)
203
589
828
1,425
(183)
(212)
(300)
(648)
(1,342)
(232)
(278)
479
699
668
489
Non-U.S.
594
655
804
425
2,477
400
(172)
559
1,561
2,348
(175)
21
335
(164)
17
(645)
895
(399)
(1,081)
(1,230)
(689)
(578)
50
203
(1,014)
(684)
Total
849
918
1,122
1,280
4,170
679
459
1,512
2,620
5,270
(369)
223
924
664
1,442
(828)
683
(699)
(1,728)
(2,572)
(921)
(856)
529
901
(347)
(196)
Chemical Products
United States
426
389
342
598
1,754
441
382
313
203
1,339
103
(23)
2
14
97
220
174
364
439
1,196
654
1,149
1,121
774
3,697
770
Non-U.S.
571
482
663
509
2,225
492
483
293
388
1,655
332
289
298
(240)
679
(4)
278
360
427
1,061
737
1,051
907
597
3,292
636
Total
997
870
1,005
1,107
3,979
933
865
606
591
2,994
435
266
301
(226)
776
215
451
724
866
2,257
1,391
2,200
2,027
1,371
6,989
1,405
Specialty Products
United States
140
176
133
241
691
101
135
99
8
343
92
124
134
51
401
151
108
156
156
571
180
262
247
763
1,452
246
Non-U.S.
301
406
364
205
1,276
238
155
138
223
754
105
26
112
54
296
(5)
200
248
187
630
375
487
592
353
1,807
230
Total
441
582
497
446
1,966
339
290
237
231
1,097
196
150
246
105
697
146
309
405
342
1,201
555
750
839
1,116
3,259
476
Corporate and Financing
(529)
(204)
(221)
(2,806)
(3,760)
(798)
(704)
(344)
(754)
(2,600)
(788)
(770)
(469)
(990)
(3,017)
(679)
(872)
(727)
(1,018)
(3,296)
(849)
(588)
(596)
(603)
(2,636)
(694)
Net Income/(Loss) attributable
to ExxonMobil (U.S. GAAP)
Reclassified historical segment results are unaudited estimates.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Segmentation Basis (Prior to 2Q22)
Capital and Exploration Expenditures, $M
2017
2018
2019
2020
2021
1Q22
Upstream
United States
3,716
7,670
11,653
6,817
4,018
1,369
Non-U.S.
12,979
12,524
11,832
7,614
8,236
2,510
Total
16,695
20,194
23,485
14,431
12,254
3,879
Downstream
United States
823
1,186
2,353
2,344
1,000
394
Non-U.S.
1,701
2,243
2,018
1,877
1,095
183
Total
2,524
3,429
4,371
4,221
2,095
577
Chemical
United States
1,583
1,747
2,547
2,002
1,367
234
Non-U.S.
2,188
488
718
714
876
214
Total
3,771
2,235
3,265
2,716
2,243
448
Other
90
65
27
6
3
-
Total Capital and Exploration Expenditures
23,080
25,923
31,148
21,374
16,595
4,904
Segmentation Basis (effective 2Q22)
Capital and Exploration Expenditures, $M
2017
2018
2019
2020
2021
1Q22
Upstream
United States
3,716
7,670
11,653
6,817
4,018
1,369
Non-U.S.
12,979
12,524
11,832
7,614
8,236
2,510
Total
16,695
20,194
23,485
14,431
12,254
3,879
Energy Products
United States
802
1,158
2,282
2,296
982
392
Non-U.S.
3,336
1,883
1,782
1,592
1,005
174
Total
4,138
3,041
4,064
3,888
1,987
566
Chemical Products
United States
1,562
1,705
2,514
1,939
1,200
231
Non-U.S.
235
300
590
655
825
205
Total
1,797
2,005
3,104
2,594
2,025
436
Specialty Products
United States
42
70
104
111
185
5
Non-U.S.
318
548
364
344
141
18
Total
360
618
468
455
326
23
Other
90
65
27
6
3
-
Total Capital and Exploration Expenditures
23,080
25,923
31,148
21,374
16,595
4,904
Attachment V - Product Sales Recast
Reclassified historical segment results are unaudited estimates.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Recast for Petroleum product sales and Chemical prime product sales only; Upstream volumes and Refinery throughput not impacted by the segmentation recast.
Segmentation Basis (prior to 2Q22)
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Petroleum Product Sales, kbd
United States
2,155
2,187
2,209
2,209
2,190
2,128
2,215
2,267
2,230
2,210
2,210
2,264
2,336
2,356
2,292
2,231
1,959
2,297
2,128
2,154
2,077
2,218
2,346
2,383
2,257
2,256
Canada
494
494
508
501
499
484
514
527
516
510
484
482
492
444
476
456
353
446
415
418
409
421
472
488
448
442
Europe
1,536
1,653
1,608
1,589
1,597
1,574
1,595
1,582
1,474
1,556
1,510
1,443
1,508
1,456
1,479
1,403
1,130
1,253
1,227
1,253
1,272
1,297
1,404
1,384
1,340
1,345
Asia Pacific
708
755
746
819
757
795
814
824
825
815
749
775
700
729
738
708
640
614
645
651
665
655
648
643
653
644
Other
502
469
471
506
487
451
364
416
450
421
462
444
468
497
467
489
355
413
418
419
458
450
457
493
464
471
Worldwide
5,395
5,558
5,542
5,624
5,530
5,432
5,502
5,616
5,495
5,512
5,415
5,408
5,504
5,482
5,452
5,287
4,437
5,023
4,833
4,895
4,881
5,041
5,327
5,391
5,162
5,158
Gasolines, naphthas
2,163
2,265
2,266
2,353
2,262
2,215
2,216
2,255
2,183
2,217
2,149
2,198
2,255
2,276
2,220
2,122
1,736
2,077
2,039
1,994
1,996
2,117
2,191
2,325
2,158
2,114
Heating oils, kerosene, diesel
1,833
1,850
1,836
1,878
1,850
1,828
1,781
1,837
1,915
1,840
1,914
1,820
1,833
1,903
1,867
1,867
1,649
1,750
1,739
1,751
1,692
1,704
1,796
1,804
1,749
1,722
Aviation fuels
370
383
380
393
382
396
405
430
376
402
386
391
445
399
406
383
147
152
172
213
183
201
228
267
220
289
Heavy fuels
380
367
372
370
371
346
432
411
387
395
299
308
261
217
270
256
262
242
237
249
257
275
276
265
269
249
Specialty products
649
693
688
630
665
647
668
683
634
658
667
691
710
687
689
659
643
802
646
688
753
744
836
730
766
784
Worldwide
5,395
5,558
5,542
5,624
5,530
5,432
5,502
5,616
5,495
5,512
5,415
5,408
5,504
5,482
5,452
5,287
4,437
5,023
4,833
4,895
4,881
5,041
5,327
5,391
5,162
5,158
Chemical Prime Product Sales, kt
United States
2,280
2,334
2,294
2,399
9,307
2,391
2,411
2,445
2,577
9,824
2,322
2,295
2,216
2,294
9,127
2,195
1,985
2,363
2,467
9,010
2,190
2,491
2,531
2,512
9,724
2,704
Non-U.S.
3,792
3,786
4,152
4,383
16,113
4,277
4,441
4,232
4,095
17,045
4,450
4,404
4,260
4,275
17,389
4,042
3,960
4,261
4,176
16,439
4,256
4,022
4,141
4,189
16,608
4,033
Worldwide
6,072
6,120
6,446
6,782
25,420
6,668
6,852
6,677
6,672
26,869
6,772
6,699
6,476
6,569
26,516
6,237
5,945
6,624
6,643
25,449
6,446
6,513
6,672
6,701
26,332
6,737
Segmentation Basis (effective 2Q22)
1Q17
2Q17
3Q17
4Q17
2017
1Q18
2Q18
3Q18
4Q18
2018
1Q19
2Q19
3Q19
4Q19
2019
1Q20
2Q20
3Q20
4Q20
2020
1Q21
2Q21
3Q21
4Q21
2021
1Q22
Energy Products, kbd
Gasolines, naphthas
2,163
2,265
2,266
2,353
2,262
2,215
2,216
2,255
2,183
2,217
2,149
2,198
2,255
2,276
2,220
2,122
1,736
2,077
2,039
1,994
1,996
2,117
2,191
2,325
2,158
2,114
Heating oils, kerosene, diesel
1,833
1,850
1,836
1,878
1,850
1,828
1,781
1,837
1,915
1,840
1,914
1,820
1,833
1,903
1,867
1,867
1,649
1,750
1,739
1,751
1,692
1,704
1,796
1,804
1,749
1,722
Aviation fuels
370
383
380
393
382
396
405
430
376
402
386
391
445
399
406
383
147
152
172
213
183
201
228
267
220
289
Heavy fuels
380
367
372
370
371
346
432
411
387
395
299
308
261
217
270
256
262
242
237
249
257
275
276
265
269
249
Other energy products
605
665
667
638
645
650
670
683
612
653
664
680
692
667
677
623
634
749
614
656
705
709
811
712
734
737
Worldwide
5,351
5,530
5,521
5,632
5,510
5,435
5,504
5,616
5,473
5,507
5,412
5,397
5,486
5,462
5,440
5,251
4,428
4,970
4,801
4,863
4,832
5,006
5,302
5,373
5,130
5,111
Energy Products, kbd
United States
2,156
2,195
2,205
2,219
2,194
2,132
2,219
2,275
2,244
2,218
2,222
2,268
2,340
2,361
2,298
2,232
1,966
2,293
2,143
2,159
2,077
2,230
2,361
2,396
2,267
2,262
Non-U.S.
3,195
3,335
3,316
3,413
3,315
3,303
3,285
3,340
3,229
3,289
3,191
3,129
3,146
3,102
3,141
3,019
2,462
2,677
2,658
2,704
2,756
2,776
2,941
2,976
2,863
2,849
Worldwide
5,351
5,530
5,521
5,632
5,510
5,435
5,504
5,616
5,473
5,507
5,412
5,397
5,486
5,462
5,440
5,251
4,428
4,970
4,801
4,863
4,833
5,006
5,302
5,373
5,130
5,111
Chemical Products, kt
United States
1,624
1,614
1,764
1,698
6,700
1,729
1,736
1,790
1,871
7,126
1,626
1,659
1,604
1,685
6,574
1,612
1,457
1,787
1,747
6,602
1,622
1,782
1,807
1,807
7,017
2,032
Non-U.S.
2,658
2,608
2,832
2,832
10,930
2,758
2,871
2,800
2,888
11,317
3,128
3,056
3,042
3,045
12,270
2,917
2,914
3,212
3,143
12,186
3,144
2,949
3,007
3,026
12,126
2,986
Worldwide
4,282
4,222
4,595
4,530
17,630
4,487
4,607
4,591
4,759
18,444
4,753
4,715
4,646
4,730
18,844
4,528
4,371
4,999
4,889
18,787
4,765
4,731
4,814
4,833
19,142
5,018
Specialty Products, kt
United States
570
544
513
503
2,131
535
544
483
466
2,028
486
507
489
481
1,963
503
388
540
466
1,897
509
495
471
467
1,943
522
Non-U.S.
1,463
1,421
1,339
1,383
5,606
1,341
1,391
1,341
1,450
5,523
1,303
1,349
1,308
1,342
5,303
1,385
1,082
1,457
1,416
5,340
1,485
1,447
1,424
1,368
5,723
1,484
Worldwide
2,033
1,965
1,852
1,886
7,736
1,876
1,935
1,824
1,916
7,551
1,790
1,856
1,797
1,823
7,266
1,889
1,470
1,997
1,882
7,237
1,995
1,942
1,896
1,835
7,666
2,006
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Disclaimer
Exxon Mobil Corporation published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 20:53:01 UTC.
Exxon Mobil Corporation is an oil group organized around 3 areas of activity:
- refining and distribution (78.8% of net sales): 5.2 million barrels of oil products (diesel fuel, gasoline, fuel oil, lubricants, motor oils, etc.) sold per day. At the end of 2021, the group operated a network of 22,545 service stations under the Exxon, Mobil, Esso names, etc.;
- petrochemical (13.3%): primarily oils, aromas, alcohols, ethylene, elastomers, propylene, and polymers (26.3 Mt sold in 2021) for the pharmaceutical, cosmetic, textile, electrical, etc.;
- exploration and production of hydrocarbons (7.9%; worldwide leader): 2.3 million barrels of oil produced per day and 241.7 million m3 of natural gas produced per day.
Net sales are distributed geographically as follows: the United States (37.7%), Canada (8%), Singapore (5.4%), the United Kingdom (5.3%), France (4.8%), Italy (3.6%), Belgium (3.3%), Australia (2.8%) and other (29.1%).
Exxon Mobil : Reclassified historical segment results are unaudited estimates. Due to rounding, numbers presented may not add up precisely to the totals indicated - Form 8-K