Progressed income energy from enterprise-wide transformation drove industry-leading third-quarter income of $8.6 billion1
Completed best liquids manufacturing in over 40 years with 3.2 million barrels consistent with day2
Delivered file high-value gross sales volumes in Product Answers, up 10% over prior year-to-date
Returned $9.8 billion to shareholders within the quarter and larger fourth-quarter dividend to $0.99 consistent with proportion
Main carbon seize and garage building; new buyer settlement will increase CO2 offtake beneath contract to six.7 million metric heaps consistent with 12 months, extra dedicated quantity than some other corporate has announced3
SPRING, Texas–(BUSINESS WIRE)–
Exxon Mobil Company (NYSE:XOM):
Effects Abstract
3Q24
2Q24
Alternate
vs
2Q24
Greenbacks in hundreds of thousands (excluding consistent with proportion information)
YTD 2024
YTD 2023
Alternate
vs YTD
2023
8,610
9,240
-630
Income (U.S. GAAP)
26,070
28,380
-2,310
8,610
9,240
-630
Income Except Known Pieces (non-GAAP)
26,070
28,609
-2,539
1.92
2.14
-0.22
Income In keeping with Not unusual Proportion 4
6.12
6.98
-0.86
1.92
2.14
-0.22
Income Excl. Known Pieces In keeping with Not unusual Proportion (non-GAAP) 4
6.12
7.04
-0.92
7,159
7,039
+120
Capital and Exploration Expenditures
20,037
18,568
+1,469
Exxon Mobil Company nowadays introduced third-quarter 2024 income of $8.6 billion, or $1.92 consistent with proportion assuming dilution. Money go with the flow from working actions used to be $17.6 billion and loose money go with the flow used to be $11.3 billion. Capital and exploration expenditures have been $7.2 billion within the 0.33 quarter, bringing year-to-date 2024 expenditures to $20 billion, in keeping with the corporate’s full-year steerage of $28 billion.
“We delivered one among our most powerful 0.33 quarters in a decade,” stated Darren Woods, chairman and leader government officer.
“Our industry-leading results1 proceed to display how our enterprise-wide transformation is making improvements to the structural income energy of the corporate. Within the Upstream, we have now doubled the profitability of the barrels we produce on a continuing value basis5. In Product Answers, we have now high-graded our refining footprint and larger high-value gross sales. And throughout all the corporate, we’ve accomplished $11.3 billion of structural charge financial savings since 2019. Our technique is turning in main returns of 20% thus far this 12 months for our shareholders, and we’re proceeding that development with a 4% building up in our quarterly dividend fee introduced nowadays. We’ve now larger our annual dividend for 42 years in a row, a declare that lower than 4% of the S&P 500 corporations could make. Moreover, we lead {industry} in general shareholder returns for the previous 3, 5 and 10 years.”
1
Income and money go with the flow for the IOCs are actuals for firms that reported effects on or earlier than October 31, 2024, or estimated the usage of Bloomberg consensus as of October 31. IOCs come with every of BP, Chevron, Shell and TotalEnergies.
2
Upstream 3Q manufacturing in comparison to historic annual manufacturing from 1984 to 2024.
3
In accordance with contracts to transport as much as 6.7 MTA CO2 beginning in 2025, matter to further funding through ExxonMobil and receipt of presidency allowing for carbon seize and garage initiatives.
4
Assuming dilution.
5
Upstream unit income ($/oeb), which doubled since 2019, exclude known pieces and are adjusted to 2022 $60/bbl actual Brent; Upstream unit income exclude Pioneer contributions.
Monetary Highlights
Yr-to-date income have been $26.1 billion as opposed to $28.4 billion in the similar era closing 12 months. Income diminished as {industry} refining margins and herbal fuel costs declined from closing 12 months’s traditionally excessive ranges, partly offset through favorable timing results principally from derivatives mark-to-market affects. Sturdy advantaged quantity development from Guyana and Permian belongings together with Pioneer, and larger high-value gross sales greater than offset decrease base volumes from divestments of non-strategic belongings and scheduled repairs. Structural charge financial savings partially offset upper bills from depreciation, scheduled repairs, building of latest companies and 2025 challenge start-ups.
Completed $11.3 billion of cumulative Structural Price Financial savings as opposed to 2019, together with an extra $1.6 billion of financial savings right through the 12 months and $0.6 billion right through the quarter. The corporate is heading in the right direction to ship cumulative financial savings totaling $15 billion during the finish of 2027 as opposed to 2019.
Generated sturdy money go with the flow from operations of $42.8 billion and loose money go with the flow of $26.4 billion within the first 9 months of the 12 months. Business main year-to-date shareholder distributions2 of $26.1 billion integrated $12.3 billion of dividends and $13.8 billion of proportion repurchases. The corporate plans to repurchase over $19 billion of stocks in 2024. ExxonMobil leads {industry} with general shareholder go back of 20% year-to-date3, and in addition for the previous 3, 5 and ten-year classes.
The Company declared a fourth-quarter dividend of $0.99 consistent with proportion, an building up of four%, payable on December 10, 2024, to shareholders of file of Not unusual Inventory on the shut of industrial on November 14, 2024. The corporate has larger its annual dividend for 42 consecutive years, a declare that lower than 4% of the S&P 500 corporations could make.
The corporate’s debt-to-capital ratio used to be 13% and the net-debt-to-capital ratio used to be 5percent4, reflecting year-to-date debt reimbursement of $4.7 billion and a period-end money stability of $27.0 billion.
1
The up to date income components offered within the first quarter of 2024 supply further visibility into drivers of our industry effects. The corporate evaluates those components periodically to resolve if any improvements might supply useful insights to the marketplace. See web page 9 for definitions of those new components.
2
Main measures for the IOCs are actuals for firms that reported effects on or earlier than October 31, 2024, or estimated the usage of Bloomberg consensus as of October 31. IOCs come with every of BP, Chevron, Shell and TotalEnergies.
3
Yr-to-date general shareholder go back is as of the closing industry day of the newest fiscal quarter.
4
Web debt is general debt of $42.6 billion much less $26.9 billion of money and money equivalents except limited money. Web-debt to-capital ratio is web debt divided through the sum of web debt and general fairness of $276.4 billion.
ADVANCING CLIMATE SOLUTIONS
Hydrogen
ADNOC obtained a 35% fairness stake within the corporate’s hydrogen manufacturing facility in Baytown, Texas. The proposed challenge is anticipated to provide nearly carbon-free hydrogen, with roughly 98% of carbon dioxide (CO2) captured and saved.
ExxonMobil additionally signed a Challenge Framework Settlement with Mitsubishi Company for the offtake of low-carbon ammonia and fairness participation within the Baytown challenge. It joined JERA, Japan’s greatest energy generator, which signed a equivalent settlement in March.
Contingent at the U.S. federal authorities imposing laws which might be in keeping with the Inflation Aid Act’s legislative intent, the Baytown facility is anticipated to be the sector’s greatest of its type upon startup, able to generating as much as 1 billion cubic ft of hydrogen consistent with day and greater than 1 million heaps of low-carbon ammonia consistent with 12 months. A last funding resolution is anticipated in 2025 with expected startup in 2029.
Carbon Seize and Garage
ExxonMobil signed its 5th CCS settlement to move and retailer as much as 1.2 million metric heaps of CO2 consistent with 12 months from the New Era Gasoline Accumulating (NG3) challenge being inbuilt Louisiana. NG3 will acquire and deal with herbal fuel produced in east Texas and Louisiana for supply to U.S. Gulf Coast markets, together with for LNG export. That is ExxonMobil’s first settlement with a herbal fuel processing buyer and brings the entire shrunk CO2 to retailer for patrons as much as 6.7 million metric heaps consistent with 12 months. No different corporate has extra introduced CO2 offtake beneath contract than ExxonMobil1.
The corporate secured the biggest offshore CO2 garage web page in the USA thru an settlement with the Texas Common Land Place of job. The 271,000-acre web page enhances the onshore CO2 garage portfolio the corporate is creating and extra solidifies ExxonMobil as the corporate of selection for carbon seize, shipping and garage around the U.S. Gulf Coast. Proceeds from the settlement immediately get advantages the Texas Everlasting Faculty Fund, which boosts training for Texas kids.
Merchandise Supporting a Decrease-Emissions Long run
ExxonMobil obtained the unique out of the country licensing rights for Neuvokas Company’s proprietary composite rebar production procedure. ExxonMobil’s Proxxima™ polyolefin thermoset resin gadget paired with this patented procedure delivers a cheap, corrosion loose, light-weight, and long-lasting rebar as a substitute for metal. This collaboration marks a vital step against increasing the worldwide marketplace of composite rebar. Proxxima™ resin is made through remodeling lower-value fuel molecules right into a high-value, lower-emission product that can be utilized in high-performance coatings, lightweight development fabrics, and complex composites for automobiles and vehicles – together with battery bins for electrical automobiles. The corporate estimates a complete doable addressable marketplace of $30 billion {dollars} through 2030 for Proxxima™2.
As a part of its Carbon Fabrics Mission, ExxonMobil has advanced proprietary generation that permits the corporate to provide feedstock for next-generation graphite at scale for the electrical car (EV) battery marketplace. Carbon subject matter merchandise are made through remodeling the molecular construction of low-value heavy gasoline oil from the corporate’s refining procedure into high-value merchandise, leading to a thousands-of-dollars-per-ton uplift. This next-generation graphite probably supplies a 30% development in EV battery vary in addition to sooner fees. This marketplace may develop at 25% consistent with 12 months and achieve $30 billion {dollars} through 20303.
1
In accordance with contracts to transport as much as 6.7 MTA CO2 beginning in 2025, matter to further funding through ExxonMobil and receipt of presidency allowing for carbon seize and garage initiatives.
2
EM estimate calculated according to volumetric displacement of epoxy resin on a cradle-to-gate foundation. Supply: Comparative Carbon Footprint of Product – ExxonMobil’s Proxima™ Resin Machine to Selection Resin Methods, June 2023, ready through Sphera Answers, Inc. for ExxonMobil Era and Engineering Corporate. The find out about used to be showed to be performed in line with and in compliance with ISO 14067:2018 through an impartial third-party important assessment panel. Overall addressable marketplace in 2030 according to inner estimates of projected development charges in goal thermoset segments and estimates of additional penetration of composite answers.
3
Overall addressable marketplace in 2030 according to inner estimates of call for in present packages and markets.
EARNINGS AND VOLUME SUMMARY BY SEGMENT
Upstream
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
Income/(Loss) (U.S. GAAP)
1,686
2,430
United States
5,170
4,118
4,472
4,644
Non-U.S.
13,722
13,041
6,158
7,074
International
18,892
17,159
Income/(Loss) Except Known Pieces (non-GAAP)
1,686
2,430
United States
5,170
4,118
4,472
4,644
Non-U.S.
13,722
13,225
6,158
7,074
International
18,892
17,343
4,582
4,358
Manufacturing (koebd)
4,243
3,709
Upstream year-to-date income have been $18.9 billion, $1.7 billion upper than the similar era closing 12 months. The prior-year era used to be negatively impacted through tax-related known pieces. Except known pieces, income larger $1.5 billion because of advantaged belongings quantity development from file Guyana, heritage Permian and Pioneer manufacturing, and structural charge financial savings. Those components have been partially offset through upper depreciation expense, and decrease base volumes from divestments of non-strategic belongings and government-mandated curtailments. Yr-to-date web manufacturing used to be 4.2 million oil-equivalent barrels consistent with day, an building up of 14%, or 534,000 oil-equivalent barrels consistent with day.
3rd-quarter income have been $6.2 billion, a lower of $916 million from the second one quarter pushed through decrease crude realizations and better exploration bills, partially offset through manufacturing, which integrated the best liquids volumes in 40 years, and structural charge financial savings. Web manufacturing within the 0.33 quarter of four.6 million oil-equivalent barrels consistent with day used to be up 5%, or 224,000 oil-equivalent barrels consistent with day as opposed to the prior era. A complete quarter of Pioneer volumes used to be partly offset through decrease Guyana volumes as Liza levels 1 and a couple of have been taken offline to finish deliberate facility tie-ins for the rustic’s gas-to-energy challenge.
Power Merchandise
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
Income/(Loss) (U.S. GAAP)
517
450
United States
1,803
4,794
792
496
Non-U.S.
1,828
4,141
1,309
946
International
3,631
8,935
Income/(Loss) Except Known Pieces (non-GAAP)
517
450
United States
1,803
4,794
792
496
Non-U.S.
1,828
4,186
1,309
946
International
3,631
8,980
5,580
5,320
Power Merchandise Gross sales (kbd)
5,378
5,496
Power Merchandise year-to-date income have been $3.6 billion in comparison to $8.9 billion in the similar era closing 12 months because of considerably weaker {industry} refining margins, which declined from traditionally excessive ranges as provide from {industry} capability additions outpaced file international call for. Income development from structural charge financial savings and advantaged initiatives, together with incremental volumes from the Beaumont refinery growth, partly offset the affects from upper scheduled repairs and non-core refinery divestments. Favorable timing results, principally from the absence of prior 12 months negative derivatives mark-to-market affects, equipped a partial offset to the income decline.
3rd-quarter income totaled $1.3 billion, an building up of $0.4 billion from the second one quarter. Decrease scheduled repairs and favorable derivatives mark-to-market timing results greater than offset decrease {industry} refining margins and affects from a tornado-related shutdown on the Joliet refinery in Illinois, which had a secure and speedy restart forward of expectancies.
Chemical Merchandise
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
Income/(Loss) (U.S. GAAP)
367
526
United States
1,397
1,148
526
253
Non-U.S.
1,060
300
893
779
International
2,457
1,448
Income/(Loss) Except Known Pieces (non-GAAP)
367
526
United States
1,397
1,148
526
253
Non-U.S.
1,060
300
893
779
International
2,457
1,448
4,830
4,873
Chemical Merchandise Gross sales (kt)
14,757
14,606
Chemical Merchandise year-to-date income have been $2.5 billion, an building up of $1.0 billion as opposed to the primary 9 months of 2023. Regardless of bottom-of-cycle marketplace prerequisites, total margins larger from the prior 12 months because of the corporate’s advantaged North The usa footprint, which benefited from decrease ethane feed prices, and stepped forward high-value product realizations. File high-value gross sales, which grew 9% year-over-year, and structural charge financial savings greater than offset upper bills from deliberate repairs and strategic development initiatives that birth up in 2025.
3rd-quarter income have been $893 million, the best quarter in over two years, in comparison to $779 million in the second one quarter pushed through stepped forward margins from decrease North The usa feed prices and development in high-value gross sales.
Uniqueness Merchandise
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
Income/(Loss) (U.S. GAAP)
375
447
United States
1,226
1,150
419
304
Non-U.S.
1,080
914
794
751
International
2,306
2,064
Income/(Loss) Except Known Pieces (non-GAAP)
375
447
United States
1,226
1,150
419
304
Non-U.S.
1,080
914
794
751
International
2,306
2,064
1,959
1,933
Uniqueness Merchandise Gross sales (kt)
5,852
5,758
Uniqueness Merchandise delivered persistently sturdy income from its portfolio of high-value merchandise. Yr-to-date income have been a file $2.3 billion1, an building up of $242 million when put next with the primary 9 months of 2023 pushed through stepped forward basestock and completed lubes margins, structural charge financial savings, and better gross sales volumes together with file Mobil 1™ gross sales. Those components have been partially offset through negative foreign currency echange affects and better bills together with advertising actions and spending to construct Proxxima™ resin and carbon subject matter merchandise – new high-growth, high-margin companies.
3rd-quarter income have been $794 million, in comparison to $751 million in the second one quarter. Upper {industry} basestock margins have been partially offset through negative tax and foreign currency echange results.
Company and Financing
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
(544)
(310)
Income/(Loss) (U.S. GAAP)
(1,216)
(1,226)
(544)
(310)
Income/(Loss) Except Known Pieces (non-GAAP)
(1,216)
(1,226)
Yr-to-date web fees of $1,216 million have been related to closing 12 months.
Company and Financing third-quarter web fees of $544 million larger $234 million as opposed to the second one quarter pushed through negative foreign currency echange affects and better financing prices.
1
Very best Uniqueness Merchandise first-nine-months income on file. Data date again to 2017 consistent with recast of Product Answers 5 years again from formation in 2022.
.
CASH FLOW FROM OPERATIONS AND ASSET SALES EXCLUDING WORKING CAPITAL
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
8,971
9,571
Web source of revenue/(loss) together with noncontrolling pursuits
27,108
29,342
6,258
5,787
Depreciation and depletion (contains impairments)
16,857
12,901
2,334
(4,616)
Adjustments in operational running capital, except money and debt
(274)
(2,064)
6
(182)
Different
(898)
1,508
17,569
10,560
Money Drift from Working Actions (U.S. GAAP)
42,793
41,687
127
926
Proceeds from asset gross sales and returns of investments
1,756
3,058
17,696
11,486
Money Drift from Operations and Asset Gross sales (non-GAAP)
44,549
44,745
(2,334)
4,616
Much less: Adjustments in operational running capital, except money and debt
274
2,064
15,362
16,102
Money Drift from Operations and Asset Gross sales except Running Capital
(non-GAAP)
44,823
46,809
(127)
(926)
Much less: Proceeds related to asset gross sales and returns of investments
(1,756)
(3,058)
15,235
15,176
Money Drift from Operations except Running Capital (non-GAAP)
43,067
43,751
FREE CASH FLOW1
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD 2024
YTD 2023
17,569
10,560
Money Drift from Working Actions (U.S. GAAP)
42,793
41,687
(6,160)
(6,235)
Additions to belongings, plant and kit
(17,469)
(15,691)
(294)
(323)
Further investments and advances
(1,038)
(1,141)
87
9
Different making an investment actions together with number of advances
311
214
127
926
Proceeds from asset gross sales and returns of investments
1,756
3,058
11,329
4,937
Loose Money Drift (non-GAAP)
26,353
28,127
(2,334)
4,616
Much less: Adjustments in operational running capital, except money and debt
274
2,064
8,995
9,553
Loose Money Drift except Running Capital (non-GAAP)
26,627
30,191
1 Loose Money Drift definition used to be up to date in the second one quarter of 2024 to exclude money obtained from mergers and acquisitions which is proven as a separate making an investment line merchandise within the observation of money flows. See web page 10 for definition.
CALCULATION OF STRUCTURAL COST SAVINGS
Greenbacks in billions (except another way famous)
Twelve Months
Ended
December 31,
9 Months
Ended
September 30,
2019
2023
2023
2024
Elements of Working Prices
From ExxonMobil’s Consolidated Observation of Source of revenue
(U.S. GAAP)
Manufacturing and production bills
36.8
36.9
27.0
28.8
Promoting, normal and administrative bills
11.4
9.9
7.3
7.4
Depreciation and depletion (contains impairments)
19.0
20.6
12.9
16.9
Exploration bills, together with dry holes
1.3
0.8
0.6
0.6
Non-service pension and postretirement get advantages expense
1.2
0.7
0.5
0.1
Subtotal
69.7
68.9
48.3
53.7
ExxonMobil’s proportion of fairness corporate bills (non-GAAP)
9.1
10.5
7.4
7.1
Overall Adjusted Working Prices (non-GAAP)
78.8
79.4
55.7
60.8
Overall Adjusted Working Prices (non-GAAP)
78.8
79.4
55.7
60.8
Much less:
Depreciation and depletion (contains impairments)
19.0
20.6
12.9
16.9
Non-service pension and postretirement get advantages expense
1.2
0.7
0.5
0.1
Different changes (contains fairness corporate depreciation
and depletion)
3.6
3.7
2.3
2.5
Overall Money Working Bills (Money Opex) (non-GAAP)
55.0
54.4
40.0
41.3
Power and manufacturing taxes (non-GAAP)
11.0
14.9
11.0
10.3
Overall Money Working Bills (Money Opex) except Power and Manufacturing Taxes (non-GAAP)
44.0
39.5
29.0
31.0
Alternate
vs
2019
Alternate
vs
2023
Estimated
Cumulative
vs
2019
Overall Money Working Bills (Money Opex) except Power and Manufacturing Taxes (non-GAAP)
-4.5
+2.0
Marketplace
+3.6
+0.4
Job/Different
+1.6
+3.2
Structural Price Financial savings
-9.7
-1.6
-11.3
This press liberate additionally references Structural Price Financial savings, which describes decreases in money opex except calories and manufacturing taxes because of operational efficiencies, team of workers discounts, divestment-related discounts, and different cost-savings measures, which might be anticipated to be sustainable in comparison to 2019 ranges. Relative to 2019, estimated cumulative Structural Price Financial savings totaled $11.3 billion, which integrated an extra $1.6 billion within the first 9 months of 2024. The overall exchange between classes in bills above will mirror each Structural Price Financial savings and different adjustments in spend, together with marketplace components, equivalent to inflation and foreign currency echange affects, in addition to adjustments in job ranges and prices related to new operations, mergers and acquisitions, new industry mission building, and early-stage initiatives. Estimates of cumulative annual structural financial savings could also be revised relying on whether or not charge discounts discovered in prior classes are decided to be sustainable in comparison to 2019 ranges. Structural Price Financial savings are stewarded internally to give a boost to control’s oversight of spending through the years. This measure turns out to be useful for traders to grasp the Company’s efforts to optimize spending thru disciplined expense control.
ExxonMobil will speak about monetary and working effects and different issues right through a webcast at 8:30 a.m. Central Time on November 1, 2024. To hear the development or get admission to an archived replay, please seek advice from www.exxonmobil.com.
Decided on Income Issue Definitions
Advantaged quantity development. Represents income affect from exchange in quantity/combine from advantaged belongings, strategic initiatives, and high-value merchandise. See ceaselessly used phrases on web page 11 for definitions of advantaged belongings, strategic initiatives, and high-value merchandise.
Base quantity. Represents and contains all quantity/combine components now not integrated in Advantaged quantity development issue outlined above.
Structural charge financial savings. Represents after-tax income impact of Structural Price Financial savings as outlined on web page 8, together with money working bills associated with divestments that have been in the past integrated in “quantity/combine” issue.
Bills. Represents and contains all bills another way now not integrated in different income components.
Timing results. Represents timing results which might be basically associated with unsettled derivatives (mark-to-market) and different income affects pushed through timing variations between the agreement of derivatives and their offsetting bodily commodity realizations (because of LIFO stock accounting).
Cautionary Observation
Statements associated with long term occasions; projections; descriptions of strategic, working, and monetary plans and targets; statements of long term ambitions, long term income energy, doable addressable markets, or plans; and different statements of long term occasions or prerequisites on this liberate, are forward-looking statements. In a similar way, dialogue of long term carbon seize, transportation and garage, in addition to biofuels, hydrogen, ammonia, lithium, direct air seize, and different low carbon industry plans to scale back emissions of ExxonMobil, its associates, and 0.33 events, are depending on long term marketplace components, equivalent to persisted technological growth, coverage give a boost to and well timed rule-making and allowing, and constitute forward-looking statements. Precise long term effects, together with monetary and working functionality; doable income, money go with the flow, or fee of go back; general capital expenditures and blend, together with allocations of capital to low carbon investments; realization and upkeep of structural charge discounts and potency features, together with the facility to offset inflationary drive; plans to scale back long term emissions and emissions depth; ambitions to achieve Scope 1 and Scope 2 web 0 from operated belongings through 2050, to achieve Scope 1 and a couple of web 0 in heritage Upstream Permian Basin unconventional operated belongings through 2030 and in Pioneer Permian belongings through 2035, to do away with regimen flaring in-line with Global Financial institution 0 Regimen Flaring, to achieve near-zero methane emissions from its operated belongings and different methane projects, to satisfy ExxonMobil’s emission aid targets and plans, divestment and start-up plans, and related challenge plans in addition to generation advances, together with the timing and consequence of initiatives to seize and retailer CO2, produce hydrogen and ammonia, produce biofuels, produce lithium, create new complex carbon fabrics, and use plastic waste as feedstock for complex recycling; money go with the flow, dividends and shareholder returns, together with the timing and quantities of proportion repurchases; long term debt ranges and credit score rankings; industry and challenge plans, timing, prices, capacities and returns; useful resource recoveries and manufacturing charges; and deliberate Pioneer and Denbury built-in advantages, may range materially because of numerous components. Those come with international or regional adjustments within the provide and insist for oil, herbal fuel, petrochemicals, and feedstocks and different marketplace components, financial prerequisites and seasonal fluctuations that affect costs and differentials for our merchandise; adjustments in regulation, taxes, or law together with environmental and tax laws, business sanctions, and well timed granting of governmental lets in and certifications; the advance or adjustments in authorities insurance policies supporting decrease carbon and new marketplace funding alternatives such because the U.S. Inflation Aid Act or insurance policies proscribing the good looks of long term funding equivalent to the extra Eu taxes at the calories sector and unequal give a boost to for various strategies of emissions aid; variable affects of buying and selling actions on our margins and effects every quarter; movements of competition and business counterparties; the end result of industrial negotiations, together with ultimate agreed phrases and prerequisites; the facility to get admission to debt markets; without equal affects of public well being crises, together with the consequences of presidency responses on other folks and economies; reservoir functionality, together with variability and timing components appropriate to unconventional sources and the luck of latest unconventional applied sciences; the extent and consequence of exploration initiatives and choices to put money into long term reserves; well timed of completion of building and different development initiatives; ultimate control approval of long term initiatives and any adjustments within the scope, phrases, or prices of such initiatives as licensed; authorities law of our development alternatives; warfare, civil unrest, assaults in opposition to the corporate or {industry} and different political or safety disturbances; expropriations, seizure, or capability, insurance coverage or delivery obstacles through international governments or regulations; adjustments in marketplace technique through nationwide oil corporations; alternatives for doable acquisitions, investments or divestments and pride of appropriate prerequisites to remaining, together with well timed regulatory approvals; the seize of efficiencies inside of and between industry traces and the facility to deal with near-term charge discounts as ongoing efficiencies; unexpected technical or working difficulties and unplanned repairs; the advance and competitiveness of other calories and emission aid applied sciences; the result of analysis systems and the facility to deliver new applied sciences to business scale on a cost-competitive foundation; and different components mentioned beneath Merchandise 1A. Possibility Components of ExxonMobil’s 2023 Shape 10-Okay.
Movements had to advance ExxonMobil’s 2030 greenhouse fuel emission-reductions plans are included into its medium-term industry plans, that are up to date once a year. The reference case for making plans past 2030 is according to the Corporate’s World Outlook analysis and e-newsletter. The Outlook is reflective of the present international coverage atmosphere and an assumption of accelerating coverage stringency and generation development to 2050. Present developments for coverage stringency and deployment of lower-emission answers aren’t but on a pathway to succeed in net-zero through 2050. As such, the World Outlook does now not challenge the stage of required long term coverage and generation development and deployment for the sector, or ExxonMobil, to satisfy web 0 through 2050. As long term insurance policies and generation developments emerge, they’ll be included into the Outlook, and the Corporate’s industry plans shall be up to date accordingly. References to initiatives or alternatives won’t mirror funding choices made through the company or its associates. Person initiatives or alternatives might advance according to numerous components, together with availability of supportive coverage, allowing, technological development for cost-effective abatement, insights from the corporate making plans procedure, and alignment with our companions and different stakeholders. Capital funding steerage in lower-emission investments is according to our company plan; on the other hand, precise funding ranges shall be matter to the provision of the chance set, public coverage give a boost to, and fascinated with returns.
Ahead-looking and different statements referring to environmental and different sustainability efforts and aspirations aren’t a sign that those statements are subject matter to traders or requiring disclosure in our submitting with the SEC. As well as, historic, present, and forward-looking environmental and different sustainability-related statements could also be according to requirements for measuring growth which might be nonetheless creating, inner controls and processes that proceed to adapt, and assumptions which might be matter to switch one day, together with long term rule-making. The discharge is equipped beneath constant SEC disclosure necessities and must now not be misinterpreted as making use of to some other disclosure requirements.
Continuously Used Phrases and Non-GAAP Measures
This press liberate contains money go with the flow from operations and asset gross sales (non-GAAP). As a result of the common nature of our asset control and divestment program, the corporate believes it turns out to be useful for traders to imagine proceeds related to the gross sales of subsidiaries, belongings, plant and kit, and gross sales and returns of investments along side money equipped through working actions when comparing money to be had for funding within the industry and financing actions. A reconciliation to web money equipped through working actions for the 2023 and 2024 classes is proven on web page 7.
This press liberate additionally contains money go with the flow from operations except running capital (non-GAAP), and money go with the flow from operations and asset gross sales except running capital (non-GAAP). The corporate believes it turns out to be useful for traders to imagine those numbers in evaluating the underlying functionality of the corporate’s industry throughout classes when there are important period-to-period variations within the quantity of adjustments in running capital. A reconciliation to web money equipped through working actions for the 2023 and 2024 classes is proven on web page 7.
This press liberate additionally contains Income/(Loss) Except Known Pieces (non-GAAP), that are income/(loss) except personally important non-operational occasions with, usually, an absolute company general income affect of no less than $250 million in a given quarter. The income/(loss) affect of an known merchandise for a person phase could also be lower than $250 million when the object affects a number of classes or a number of segments. Income/(loss) except Known Pieces does come with non-operational income occasions or affects which might be in most cases underneath the $250 million threshold applied for known pieces. When the impact of those occasions is very important in combination, it’s indicated in research of era effects as a part of quarterly income press liberate and teleconference fabrics. Control makes use of those figures to strengthen comparison of the underlying industry throughout more than one classes through keeping apart and casting off important non-operational occasions from industry effects. The Company believes this view supplies traders larger transparency into industry effects and developments and gives traders with a view of the industry as noticed during the eyes of control. Income except Known Pieces isn’t intended to be considered in isolation or as an alternative choice to web source of revenue/(loss) resulting from ExxonMobil as ready according to U.S. GAAP. A reconciliation to every of company income and phase income are proven for 2024 and 2023 classes in Attachments II-a and II-b. Income consistent with proportion quantities are proven on web page 1 and in Attachment II-a, together with a reconciliation to income/(loss) consistent with not unusual proportion – assuming dilution (U.S. GAAP).
This press liberate additionally contains general taxes together with sales-based taxes. It is a broader indicator of the entire tax burden at the Company’s merchandise and income, together with positive gross sales and value-added taxes imposed on and concurrent with revenue-producing transactions with consumers and picked up on behalf of governmental government (“sales-based taxes”). It combines “Source of revenue taxes” and “Overall different taxes and tasks” with sales-based taxes, that are reported web within the source of revenue observation. The corporate believes it turns out to be useful for the Company and its traders to grasp the entire tax burden imposed at the Company’s merchandise and income. A reconciliation to general taxes is proven in Attachment I-a.
This press liberate additionally references loose money go with the flow (non-GAAP) and loose money go with the flow except running capital (non-GAAP). Loose money go with the flow is the sum of web money equipped through working actions and web money go with the flow utilized in making an investment actions except money obtained from mergers and acquisitions. Those measures are helpful when comparing money to be had for financing actions, together with shareholder distributions, after funding within the industry. Loose money go with the flow and loose money go with the flow except running capital aren’t intended to be considered in isolation or as an alternative choice to web money equipped through working actions. A reconciliation to web money equipped through working actions for the 2023 and 2024 classes is proven on web page 7.
References to sources or useful resource base might come with amounts of oil and herbal fuel labeled as proved reserves, in addition to amounts that aren’t but labeled as proved reserves, however which might be anticipated to be in the end recoverable. The time period “useful resource base” or equivalent phrases aren’t supposed to correspond to SEC definitions equivalent to “possible” or “conceivable” reserves. A reconciliation of manufacturing except divestments, entitlements, and authorities mandates to precise manufacturing is contained within the Complement to this liberate integrated as Showcase 99.2 to the Shape 8-Okay filed the similar day as this information liberate.
The time period “challenge” as used on this information liberate can discuss with a number of other actions and does now not essentially have the similar that means as in any authorities fee transparency experiences. Tasks or plans won’t mirror funding choices made through the corporate. Person alternatives might advance according to numerous components, together with availability of supportive coverage, generation for cost-effective abatement, and alignment with our companions and different stakeholders. The corporate might refer to those alternatives as initiatives in exterior disclosures at quite a lot of phases all through their development.
Advantaged belongings (Advantaged development initiatives) contains Permian (heritage Permian and Pioneer), Guyana, Brazil and LNG.
Base portfolio (Base) in our Upstream phase, refers to belongings (or volumes) as opposed to advantaged belongings (or volumes from advantaged belongings). In our Power Merchandise phase, refers to belongings (or volumes) as opposed to strategic initiatives (or volumes from strategic initiatives). In our Chemical Merchandise and Uniqueness Merchandise segments refers to volumes as opposed to high-value merchandise volumes.
Debt-to-capital ratio is general debt divided through the sum of general debt and fairness. Overall debt is the sum of notes and loans payable and long-term debt, as reported within the consolidated stability sheet.
Govt mandates (curtailments) are adjustments to ExxonMobil’s sustainable manufacturing ranges because of manufacturing limits or sanctions imposed through governments.
Heritage Permian: Permian basin belongings except belongings obtained as a part of the purchase of Pioneer Herbal Sources that closed in Might 2024.
Top-value merchandise contains functionality merchandise and lower-emission fuels.
Decrease-emission fuels are fuels with decrease existence cycle emissions than typical transportation fuels for fuel, diesel and jet shipping.
Web-debt-to-capital ratio is web debt divided through the sum of web debt and general fairness, the place web debt is general debt web of money and money equivalents, except limited money. Overall debt is the sum of notes and loans payable and long-term debt, as reported within the consolidated stability sheet.
Efficiency merchandise (functionality chemical compounds, functionality lubricants) refers to merchandise that supply differentiated functionality for more than one packages thru enhanced homes as opposed to commodity possible choices and produce important further cost to consumers and end-users.
Strategic initiatives contains (i) the next finished initiatives: Rotterdam Hydrocracker, Corpus Christi Chemical Advanced, Baton Rouge Polypropylene, Beaumont Crude Enlargement, Baytown Chemical Enlargement, Permian Crude Mission, and the 2022 Baytown complex recycling facility; and (ii) the next initiatives nonetheless to be finished: Fawley Hydrofiner, China Chemical Advanced, Singapore Resid Improve, Strathcona Renewable Diesel, Proxxima™ Mission, USGC Reconfiguration, further complex recycling initiatives beneath analysis international, and further initiatives in plan but to be publicly introduced.
Overall shareholder go back (TSR) measures the exchange in cost of an funding in not unusual inventory over a specified time frame, assuming dividend reinvestment. Shareholder go back over a specific size era is calculated through: dividing (1) the sum of (a) the cumulative cost of dividends gained right through the size era, assuming reinvestment, plus (b) the variation between the inventory value on the finish and firstly of the size era; through (2) the inventory value firstly of the size era. For this goal, dividends are assumed to be reinvested in inventory at marketplace costs at roughly the similar time precise dividends are paid. Until mentioned another way, general shareholder go back is quoted on an annualized foundation.
This press liberate additionally references Structural Price Financial savings, for extra main points see web page 8.
Until another way indicated, year-to-date (“YTD”) approach as of the closing industry day of the newest fiscal quarter.
Connection with Income
References to company income imply web source of revenue resulting from ExxonMobil (U.S. GAAP) from the consolidated source of revenue observation. Until another way indicated, references to income, Upstream, Power Merchandise, Chemical Merchandise, Uniqueness Merchandise and Company and Financing income, and income consistent with proportion are ExxonMobil’s proportion after except quantities resulting from noncontrolling pursuits.
Exxon Mobil Company has a large number of associates, many with names that come with ExxonMobil, Exxon, Mobil, Esso, and XTO. For comfort and straightforwardness, the ones phrases and phrases equivalent to Company, corporate, our, we, and its are occasionally used as abbreviated references to precise associates or associate teams. In a similar way, ExxonMobil has industry relationships with 1000’s of shoppers, providers, governments, and others. For comfort and straightforwardness, phrases equivalent to mission, three way partnership, partnership, co-venturer, and spouse are used to signify industry and different relationships involving not unusual actions and pursuits, and the ones phrases won’t point out actual criminal relationships. ExxonMobil’s ambitions, plans and targets don’t ensure any motion or long term functionality through its associates or Exxon Mobil Company’s duty for the ones associates’ movements and long term functionality, every associate of which manages its personal affairs.
All over this press liberate, each Showcase 99.1 in addition to Showcase 99.2, because of rounding, numbers introduced won’t upload up exactly to the totals indicated.
ATTACHMENT I-a
CONDENSED CONSOLIDATED STATEMENT OF INCOME
(Initial)
Greenbacks in hundreds of thousands (except another way famous)
3 Months Ended
September 30,
9 Months Ended
September 30,
2024
2023
2024
2023
Revenues and different source of revenue
Gross sales and different working profit
87,792
88,570
258,189
253,009
Source of revenue from fairness associates
1,481
1,457
5,067
5,220
Different source of revenue
743
733
2,903
2,009
Overall revenues and different source of revenue
90,016
90,760
266,159
260,238
Prices and different deductions
Crude oil and product purchases
51,261
53,076
153,061
146,677
Manufacturing and production bills
9,881
8,696
28,776
26,992
Promoting, normal and administrative bills
2,296
2,489
7,359
7,328
Depreciation and depletion (contains impairments)
6,258
4,415
16,857
12,901
Exploration bills, together with dry holes
339
338
640
612
Non-service pension and postretirement get advantages expense
33
166
90
497
Pastime expense
207
169
699
577
Different taxes and tasks
6,715
7,712
19,617
22,496
Overall prices and different deductions
76,990
77,061
227,099
218,080
Source of revenue/(Loss) earlier than source of revenue taxes
13,026
13,699
39,060
42,158
Source of revenue tax expense/(get advantages)
4,055
4,353
11,952
12,816
Web source of revenue/(loss) together with noncontrolling pursuits
8,971
9,346
27,108
29,342
Web source of revenue/(loss) resulting from noncontrolling pursuits
361
276
1,038
962
Web source of revenue/(loss) resulting from ExxonMobil
8,610
9,070
26,070
28,380
OTHER FINANCIAL DATA
Greenbacks in hundreds of thousands (except another way famous)
3 Months Ended
September 30,
9 Months Ended
September 30,
2024
2023
2024
2023
Income consistent with not unusual proportion (U.S. {dollars})
1.92
2.25
6.12
6.98
Income consistent with not unusual proportion – assuming dilution (U.S. {dollars})
1.92
2.25
6.12
6.98
Dividends on not unusual inventory
Overall
4,240
3,663
12,333
11,102
In keeping with not unusual proportion (U.S. {dollars})
0.95
0.91
2.85
2.73
Hundreds of thousands of not unusual stocks remarkable
Reasonable – assuming dilution¹
4,462
4,025
4,260
4,064
Taxes
Source of revenue taxes
4,055
4,353
11,952
12,816
Overall different taxes and tasks
7,609
8,460
22,300
24,883
Overall taxes
11,664
12,813
34,252
37,699
Gross sales-based taxes
5,174
6,588
17,062
18,901
Overall taxes together with sales-based taxes
16,838
19,401
51,314
56,600
ExxonMobil proportion of source of revenue taxes of fairness corporations (non-GAAP)
682
482
2,587
2,215
1 Contains limited stocks now not vested in addition to 545 million stocks issued for the Pioneer merger on Might 3, 2024.
ATTACHMENT I-b
CONDENSED CONSOLIDATED BALANCE SHEET
(Initial)
Greenbacks in hundreds of thousands (except another way famous)
September 30,
2024
December 31,
2023
ASSETS
Present belongings
Money and money equivalents
26,926
31,539
Money and money equivalents – limited
46
29
Notes and accounts receivable – web
41,505
38,015
Inventories
Crude oil, merchandise and products
19,183
20,528
Fabrics and provides
4,692
4,592
Different present belongings
1,997
1,906
Overall present belongings
94,349
96,609
Investments, advances and long-term receivables
48,869
47,630
Assets, plant and kit – web
299,543
214,940
Different belongings, together with intangibles – web
19,155
17,138
Overall Belongings
461,916
376,317
LIABILITIES
Present liabilities
Notes and loans payable
5,632
4,090
Accounts payable and amassed liabilities
60,518
58,037
Source of revenue taxes payable
3,843
3,189
Overall present liabilities
69,993
65,316
Lengthy-term debt
36,918
37,483
Postretirement advantages reserves
10,677
10,496
Deferred source of revenue tax liabilities
40,281
24,452
Lengthy-term duties to fairness corporations
1,637
1,804
Different long-term duties
26,010
24,228
Overall Liabilities
185,516
163,779
EQUITY
Not unusual inventory with out par cost
(9,000 million stocks approved, 8,019 million stocks issued)
46,936
17,781
Income reinvested
467,664
453,927
Accrued different complete source of revenue
(11,959)
(11,989)
Not unusual inventory held in treasury
(3,624 million stocks at September 30, 2024, and four,048 million stocks at December 31, 2023)
(234,049)
(254,917)
ExxonMobil proportion of fairness
268,592
204,802
Noncontrolling pursuits
7,808
7,736
Overall Fairness
276,400
212,538
Overall Liabilities and Fairness
461,916
376,317
ATTACHMENT I-c
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Initial)
Greenbacks in hundreds of thousands (except another way famous)
9 Months Ended
September 30,
2024
2023
CASH FLOWS FROM OPERATING ACTIVITIES
Web source of revenue/(loss) together with noncontrolling pursuits
27,108
29,342
Depreciation and depletion (contains impairments)
16,857
12,901
Adjustments in operational running capital, except money and debt
(274)
(2,064)
All different pieces – web
(898)
1,508
Web money equipped through working actions
42,793
41,687
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to belongings, plant and kit
(17,469)
(15,691)
Proceeds from asset gross sales and returns of investments
1,756
3,058
Further investments and advances
(1,038)
(1,141)
Different making an investment actions together with number of advances
311
214
Money obtained from mergers and acquisitions
754
—
Web money utilized in making an investment actions
(15,686)
(13,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt
426
805
Discounts in long-term debt
(1,142)
(11)
Discounts in non permanent debt
(3,835)
(222)
Additions/(Discounts) in debt with 3 months or much less adulthood
(5)
(283)
Contingent attention bills
(27)
(68)
Money dividends to ExxonMobil shareholders
(12,333)
(11,102)
Money dividends to noncontrolling pursuits
(580)
(511)
Adjustments in noncontrolling pursuits
(301)
(258)
Not unusual inventory obtained
(13,849)
(13,092)
Web money equipped through (utilized in) financing actions
(31,646)
(24,742)
Results of trade fee adjustments on money
(57)
(77)
Building up/(Lower) in money and money equivalents
(4,596)
3,308
Money and money equivalents at starting of era
31,568
29,665
Money and money equivalents at finish of era
26,972
32,973
Non-Money Transaction: The Company obtained Pioneer Herbal Sources in an all-stock transaction on Might 3, 2024, having issued 545 million stocks of ExxonMobil not unusual inventory having a good cost of $63 billion and assumed debt with a good cost of $5 billion.
ATTACHMENT II-a
KEY FIGURES: IDENTIFIED ITEMS
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD
2024
YTD
2023
8,610
9,240
Income/(Loss) (U.S. GAAP)
26,070
28,380
Known Pieces
—
—
Tax-related pieces
—
(229)
—
—
Overall Known Pieces
—
(229)
8,610
9,240
Income/(Loss) Except Known Pieces (non-GAAP)
26,070
28,609
3Q24
2Q24
Greenbacks consistent with not unusual proportion
YTD
2024
YTD
2023
1.92
2.14
Income/(Loss) In keeping with Not unusual Proportion (U.S. GAAP) ¹
6.12
6.98
Known Pieces In keeping with Not unusual Proportion ¹
—
—
Tax-related pieces
—
(0.06)
—
—
Overall Known Pieces In keeping with Not unusual Proportion ¹
—
(0.06)
1.92
2.14
Income/(Loss) Excl. Known Pieces In keeping with Not unusual Proportion (non-GAAP) ¹
6.12
7.04
1 Assuming dilution.
ATTACHMENT II-b
KEY FIGURES: IDENTIFIED ITEMS BY SEGMENT
3rd Quarter 2024
Upstream
Power
Merchandise
Chemical
Merchandise
Uniqueness
Merchandise
Company
&
Financing
Overall
Greenbacks in hundreds of thousands (except another way famous)
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Income/(Loss) (U.S. GAAP)
1,686
4,472
517
792
367
526
375
419
(544)
8,610
Overall Known Pieces
—
—
—
—
—
—
—
—
—
—
Income/(Loss) Excl. Known Pieces (non-GAAP)
1,686
4,472
517
792
367
526
375
419
(544)
8,610
2nd Quarter 2024
Upstream
Power
Merchandise
Chemical
Merchandise
Uniqueness
Merchandise
Company
&
Financing
Overall
Greenbacks in hundreds of thousands (except another way famous)
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Income/(Loss) (U.S. GAAP)
2,430
4,644
450
496
526
253
447
304
(310)
9,240
Overall Known Pieces
—
—
—
—
—
—
—
—
—
—
Income/(Loss) Excl. Known Pieces (non-GAAP)
2,430
4,644
450
496
526
253
447
304
(310)
9,240
YTD 2024
Upstream
Power
Merchandise
Chemical
Merchandise
Uniqueness
Merchandise
Company
&
Financing
Overall
Greenbacks in hundreds of thousands (except another way famous)
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Income/(Loss) (U.S. GAAP)
5,170
13,722
1,803
1,828
1,397
1,060
1,226
1,080
(1,216)
26,070
Overall Known Pieces
—
—
—
—
—
—
—
—
—
—
Income/(Loss) Excl. Known Pieces (non-GAAP)
5,170
13,722
1,803
1,828
1,397
1,060
1,226
1,080
(1,216)
26,070
YTD 2023
Upstream
Power
Merchandise
Chemical
Merchandise
Uniqueness
Merchandise
Company
&
Financing
Overall
Greenbacks in hundreds of thousands (except another way famous)
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Income/(Loss) (U.S. GAAP)
4,118
13,041
4,794
4,141
1,148
300
1,150
914
(1,226)
28,380
Known Pieces
Tax-related pieces
—
(184)
—
(45)
—
—
—
—
—
(229)
Overall Known Pieces
—
(184)
—
(45)
—
—
—
—
—
(229)
Income/(Loss) Excl. Known Pieces (non-GAAP)
4,118
13,225
4,794
4,186
1,148
300
1,150
914
(1,226)
28,609
ATTACHMENT III
KEY FIGURES: UPSTREAM VOLUMES
3Q24
2Q24
Web manufacturing of crude oil, herbal fuel liquids, bitumen and artificial oil, thousand barrels consistent with day (kbd)
YTD
2024
YTD
2023
1,444
1,261
United States
1,174
787
772
760
Canada/Different Americas
770
648
4
4
Europe
4
4
199
215
Africa
213
218
734
714
Asia
719
721
34
30
Australia/Oceania
31
37
3,187
2,984
International
2,911
2,415
3Q24
2Q24
Web herbal fuel manufacturing to be had on the market, million cubic ft consistent with day (mcfd)
YTD
2024
YTD
2023
3,140
2,900
United States
2,762
2,328
103
114
Canada/Different Americas
103
96
350
331
Europe
353
429
140
167
Africa
152
116
3,347
3,486
Asia
3,369
3,491
1,289
1,245
Australia/Oceania
1,254
1,303
8,369
8,243
International
7,993
7,763
4,582
4,358
Oil-equivalent manufacturing (koebd)¹
4,243
3,709
1 Herbal fuel is transformed to an oil-equivalent foundation at six million cubic ft consistent with 1000 barrels.
ATTACHMENT IV
KEY FIGURES: MANUFACTURING THROUGHPUT AND SALES
3Q24
2Q24
Refinery throughput, thousand barrels consistent with day (kbd)
YTD
2024
YTD
2023
1,855
1,746
United States
1,834
1,819
389
387
Canada
395
407
1,135
987
Europe
1,026
1,217
449
446
Asia Pacific
432
515
157
174
Different
169
171
3,985
3,740
International
3,856
4,129
3Q24
2Q24
Power Merchandise gross sales, thousand barrels consistent with day (kbd)
YTD
2024
YTD
2023
2,822
2,639
United States
2,680
2,610
2,758
2,681
Non-U.S.
2,699
2,887
5,580
5,320
International
5,378
5,496
2,281
2,243
Gasolines, naphthas
2,234
2,299
1,796
1,718
Heating oils, kerosene, diesel
1,752
1,815
366
344
Aviation fuels
350
338
199
181
Heavy fuels
198
224
938
834
Different calories merchandise
844
820
5,580
5,320
International
5,378
5,496
3Q24
2Q24
Chemical Merchandise gross sales, thousand metric heaps (kt)
YTD
2024
YTD
2023
1,707
1,802
United States
5,356
5,036
3,123
3,071
Non-U.S.
9,401
9,570
4,830
4,873
International
14,757
14,606
3Q24
2Q24
Uniqueness Merchandise gross sales, thousand metric heaps (kt)
YTD
2024
YTD
2023
488
506
United States
1,489
1,489
1,471
1,428
Non-U.S.
4,363
4,268
1,959
1,933
International
5,852
5,758
ATTACHMENT V
KEY FIGURES: CAPITAL AND EXPLORATION EXPENDITURES
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD
2024
YTD
2023
Upstream
3,017
2,773
United States
8,059
6,555
2,731
2,974
Non-U.S.
8,018
7,436
5,748
5,747
Overall
16,077
13,991
Power Merchandise
211
185
United States
575
968
370
367
Non-U.S.
1,085
1,095
581
552
Overall
1,660
2,063
Chemical Merchandise
192
157
United States
501
540
333
345
Non-U.S.
959
1,321
525
502
Overall
1,460
1,861
Uniqueness Merchandise
27
21
United States
56
41
66
73
Non-U.S.
207
264
93
94
Overall
263
305
Different
212
144
Different
577
348
7,159
7,039
International
20,037
18,568
CASH CAPITAL EXPENDITURES
3Q24
2Q24
Greenbacks in hundreds of thousands (except another way famous)
YTD
2024
YTD
2023
6,160
6,235
Additions to belongings, plant and kit
17,469
15,691
207
314
Web investments and advances
727
927
6,367
6,549
Overall Money Capital Expenditures
18,196
16,618
ATTACHMENT VI
KEY FIGURES: EARNINGS/(LOSS)
Effects Abstract
3Q24
2Q24
Alternate
vs
2Q24
Greenbacks in hundreds of thousands (excluding consistent with proportion information)
YTD
2024
YTD
2023
Alternate
vs YTD
2023
8,610
9,240
-630
Income (U.S. GAAP)
26,070
28,380
-2,310
8,610
9,240
-630
Income Except Known Pieces (non-GAAP)
26,070
28,609
-2,539
1.92
2.14
-0.22
Income In keeping with Not unusual Proportion ¹
6.12
6.98
-0.86
1.92
2.14
-0.22
Income Excl. Known Pieces consistent with Not unusual Proportion (non-GAAP) ¹
6.12
7.04
-0.92
7,159
7,039
+120
Capital and Exploration Expenditures
20,037
18,568
+1,469
1 Assuming dilution.
ATTACHMENT VII
KEY FIGURES: EARNINGS/(LOSS) BY QUARTER
Greenbacks in hundreds of thousands (except another way famous)
2024
2023
2022
2021
2020
First Quarter
8,220
11,430
5,480
2,730
(610)
2nd Quarter
9,240
7,880
17,850
4,690
(1,080)
3rd Quarter
8,610
9,070
19,660
6,750
(680)
Fourth Quarter
—
7,630
12,750
8,870
(20,070)
Complete Yr
—
36,010
55,740
23,040
(22,440)
Greenbacks consistent with not unusual share¹
2024
2023
2022
2021
2020
First Quarter
2.06
2.79
1.28
0.64
(0.14)
2nd Quarter
2.14
1.94
4.21
1.10
(0.26)
3rd Quarter
1.92
2.25
4.68
1.57
(0.15)
Fourth Quarter
—
1.91
3.09
2.08
(4.70)
Complete Yr
—
8.89
13.26
5.39
(5.25)
1 Computed the usage of the common choice of stocks remarkable right through every era; assuming dilution.
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