Exxon Mobil : First Quarter 2021 Earnings Supplement - MS Excel version
May 01, 2021 at 03:35 am IST
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2021 1Q IR Data Summary
IR Data Page 1 of 4
EXXON MOBIL CORPORATION
To assist investors in assessing 1Q21 results, the following disclosures have been made available in this 8-K filing:
-
Identified items of $(0.01) 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 6 and attachment V of the news release
1Q21 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 4)
Earnings (Loss), $M
1Q21
4Q20
3Q20
2Q20
1Q20
Upstream
United States
363
(16,803)
(681)
(1,197)
(704)
Non-U.S.
2,191
(1,729)
298
(454)
1,240
Total
2,554
(18,532)
(383)
(1,651)
536
Downstream
United States
(113)
(514)
(136)
(101)
(101)
Non-U.S.
(277)
(697)
(95)
1,077
(510)
Total
(390)
(1,211)
(231)
976
(611)
Chemical
United States
715
461
357
171
288
Non-U.S.
700
230
304
296
(144)
Total
1,415
691
661
467
144
Corporate and financing
(849)
(1,018)
(727)
(872)
(679)
Net income (loss) attributable to ExxonMobil (U.S. GAAP)
2,730
(20,070)
(680)
(1,080)
(610)
Earnings (Loss) per common share (U.S. GAAP)
0.64
(4.70)
(0.15)
(0.26)
(0.14)
Earnings (Loss) per common share
- assuming dilution (U.S. GAAP)
0.64
(4.70)
(0.15)
(0.26)
(0.14)
Exploration expenses, including dry holes
164
595
188
214
288
Capital and Exploration Expenditures, $M
Upstream
United States
810
1,122
1,260
1,637
2,798
Non-U.S.
1,547
1,812
1,534
1,940
2,328
Total
2,357
2,934
2,794
3,577
5,126
Downstream
United States
271
488
390
719
747
Non-U.S.
199
674
382
334
487
Total
470
1,162
772
1,053
1,234
Chemical
United States
208
435
407
563
597
Non-U.S.
98
240
157
132
185
Total
306
675
564
695
782
Other
-
-
3
2
1
Total Capital and Exploration Expenditures
3,133
4,771
4,133
5,327
7,143
Effective Income Tax Rate, %
33 %
22 %
(198)%
29 %
481 %
Common Shares Outstanding, millions
At quarter end
4,234
4,233
4,228
4,228
4,228
Average - assuming dilution
4,272
4,272
4,271
4,271
4,270
Total Cash and Cash Equivalents, $B
3.5
4.4
8.8
12.6
11.4
Total Debt, $B
63.3
67.6
68.8
69.5
59.6
Cash Flow from Operations and Asset Sales, $M
Net cash provided by operating activities
9,264
4,005
4,389
-
6,274
Proceeds associated with asset sales
307
770
100
43
86
Cash flow from operations and asset sales
9,571
4,775
4,489
43
6,360
Changes in operational working capital
(1,953)
114
(863)
1,460
942
Cash flow from operations and asset sales excluding working capital
7,618
4,889
3,626
1,503
7,302
IR Data Page 2 of 4
EXXON MOBIL CORPORATION
1Q21 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 4)
Net production of crude oil, natural gas
1Q21
4Q20
3Q20
2Q20
1Q20
liquids, bitumen and synthetic oil, kbd
United States
665
719
692
628
699
Canada / Other Americas
575
619
487
483
558
Europe
35
32
26
31
30
Africa
253
258
297
333
360
Asia
691
658
735
783
795
Australia / Oceania
39
39
49
48
38
Total liquids production
2,258
2,325
2,286
2,306
2,480
Natural gas production available for sale, mcfd
United States
2,767
2,686
2,611
2,642
2,825
Canada / Other Americas
216
253
269
269
317
Europe
1,403
848
401
619
1,293
Africa
24
12
11
4
7
Asia
3,599
3,225
3,791
3,218
3,710
Australia / Oceania
1,164
1,161
1,233
1,238
1,244
Total natural gas production available for sale
9,173
8,185
8,316
7,990
9,396
Total worldwide liquids and gas production, koebd ¹
3,787
3,689
3,672
3,638
4,046
Refinery throughput, kbd
United States
1,532
1,594
1,601
1,440
1,558
Canada
364
359
341
278
383
Europe
1,153
1,130
1,183
1,085
1,295
Asia Pacific
545
522
486
568
637
Other Non-U.S.
157
150
148
145
187
Total refinery throughput
3,751
3,755
3,759
3,516
4,060
Petroleum product sales, kbd
United States
2,077
2,128
2,297
1,959
2,231
Canada
409
415
446
353
456
Europe
1,272
1,227
1,253
1,130
1,403
Asia Pacific
665
645
614
640
708
Other Non-U.S.
458
418
413
355
489
Total petroleum product sales
4,881
4,833
5,023
4,437
5,287
Gasolines, naphthas
1,996
2,039
2,077
1,736
2,122
Heating oils, kerosene, diesel
1,692
1,739
1,750
1,649
1,867
Aviation fuels
183
172
152
147
383
Heavy fuels
257
237
242
262
256
Specialty products
753
646
802
643
659
Total petroleum product sales
4,881
4,833
5,023
4,437
5,287
Chemical prime product sales, kt
United States
2,190
2,467
2,363
1,985
2,195
Non-U.S.
4,256
4,176
4,261
3,960
4,042
Total chemical prime product sales
6,446
6,643
6,624
5,945
6,237
¹ Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.
IR Data Page 3 of 4
EXXON MOBIL CORPORATION
1Q21 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 4)
Earnings Factor Analysis, $M
1Q21 vs. 1Q20
1Q21 vs. 4Q20
Upstream
Prior Period
536
-18,532
Realization
1,310
1,690
Winter Storm
-110
-110
Noncash effect of year-end reserves
-270
-270
Other
1,690
2,070
Volume / Mix
-370
-130
Winter Storm
-50
-50
Other
-320
-80
Other
1,080
19,530
Winter Storm
-80
-80
Identified Items
620
19,280
Expenses
700
440
Forex
-220
50
Other
60
-160
Current Period
2,554
2,554
Downstream
Prior Period
-611
-1,211
Margin
-1,880
490
Volume / Mix
-80
-200
Winter Storm
-100
-100
Market Demand
-
-40
Turnaround - Manufacturing
-10
-40
Other - Manufacturing (Non-turnaround)
30
-20
Other
2,180
530
Winter Storm
-30
-30
Expenses
410
380
Identified Items
1,940
520
LIFO / Other
-140
-340
Current Period
-390
-390
Chemical
Prior Period
144
691
Margin
620
380
Winter Storm
-120
-120
Other
740
500
Volume / Mix
30
-
Winter Storm
-100
-100
Demand
130
100
Other
620
340
Winter Storm
-10
-10
Identified Items
320
20
Expenses
240
150
LIFO / Forex / Other
70
180
Current Period
1,415
1,415
Upstream Volume Factor Analysis, koebd
Prior Period
4,046
3,689
Downtime / Maintenance
-22
-22
Growth / Decline
-78
-18
Entitlements / Divestments
-69
-46
Government Mandates
-124
62
Demand / Other
34
122
Current Period
3,787
3,787
IR Data Page 4 of 4
EXXON MOBIL CORPORATION
1Q21 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 4)
Sources and Uses of Funds, $M
1Q21
Beginning Cash
4,364
Earnings
2,730
Asset Impairments
Depreciation
5,004
Working Capital / Other
1,530
Proceeds Associated with Asset Sales
307
PP&E Adds / Investments and Advances¹
-2,662
Shareholder Distributions
-3,720
Debt / Other Financing
-4,038
Ending Cash
3,515
¹ PP&E Adds / Investments and Advances includes PP&E adds of ($2.4B) and net advances of ($0.3B).
Average Realization Data
1Q21
4Q20
3Q20
2Q20
1Q20
United States
ExxonMobil
Crude ($/b)
56.20
39.06
36.80
21.79
42.82
Natural Gas ($/kcf)
3.36
2.20
1.62
1.57
1.69
Benchmarks
WTI ($/b)
57.84
42.56
40.91
27.80
45.97
ANS-WC ($/b)
60.76
44.75
42.74
30.06
51.45
Henry Hub ($/mbtu)
2.71
2.67
1.98
1.71
1.95
Non-U.S.
ExxonMobil
Crude ($/b)
53.41
37.86
38.30
20.91
41.96
Natural Gas ($/kcf)
6.13
4.85
3.41
4.07
5.60
European NG ($/kcf)
5.87
4.87
3.25
2.67
4.68
Benchmarks
Brent ($/b)
60.90
44.22
43.00
29.20
50.26
The above numbers reflect ExxonMobil's current estimate of volumes and realizations given data available as of the end of the first quarter of 2021. 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.
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Disclaimer
Exxon Mobil Corporation published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 22:04:12 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%).