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ExxonMobil Annual Report, Year Ended Dec 31, 2001

Filing Date
Filed March 27, 2002
Period End
December 31, 2001
Security
XOM
In the record · 2016–202610-K1110-Q338-K166

XOM filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 166 current reports (8-K) between 2016 and 2026.

  1. FY2018 annual report10-K · Feb ’19Feb ’19
  2. Leadership change8-K · Mar ’22Mar ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 10-K filed March 27, 2002. Cited figures are marked; the original filing is the authoritative source.

Exxon Mobil Corporation's 2001 10-K filing reveals a strong financial performance in a challenging year for the energy sector.

The company reported net income of $15.32 billiona, demonstrating resilience despite a 8% decrease in total revenue to $213.49 billion compared to the previous year. This was primarily driven by lower crude oil realizations, which declined by 18% on average, impacting upstream earnings. Despite lower commodity prices, ExxonMobil maintained robust operational efficiency and strategic investments.

Downstream segment earnings reached a record high, supported by improved U.S. refining margins and international marketing results. The company also continued its commitment to capital expenditures, investing $12.3 billionb in capital and exploration to drive future growth, particularly in major upstream projects globally. Management highlighted disciplined investment and asset management as key strategies for navigating market volatility and maintaining financial strength, underscored by its sustained AAA/Aaa credit ratings.

02—Key points

Key Highlights

  1. ExxonMobil reported a net income of $15.32 billion for the fiscal year ended December 31, 2001.
  2. Total revenue decreased by 8% to $213.49 billion from $232.75 billion in 2000, largely due to lower crude oil realizations.
  3. Upstream earnings declined by 16% to $10.43 billion, primarily due to a 18% decrease in average crude oil prices.
  4. Downstream earnings reached a record $4.23 billion, a 24% increase from 2000, driven by stronger U.S. refining margins and improved international marketing.
  5. Chemicals segment earnings were $882 million, including $175 million in net gains from asset management, but declined excluding this item due to lower product realizations and weakening demand.
  6. The company invested $12.3 billion in capital and exploration expenditures, with upstream spending increasing by 27% to $8.8 billion.
  7. ExxonMobil's financial strength was reinforced by its sustained AAA/Aaa credit ratings from major agencies.

03—Questions

Frequently Asked Questions

  1. What was ExxonMobil's net income in 2001?

    ExxonMobil reported a net income of $15.32 billion for the fiscal year ended December 31, 2001.

  2. How did the company's revenues perform in 2001 compared to 2000?

    Total revenue decreased by 8% to $213.49 billion in 2001 from $232.75 billion in 2000. This was primarily attributed to lower crude oil prices and realizations.

  3. Which business segment performed best in 2001?

    The Downstream segment achieved a record performance in 2001, with earnings increasing by 24% to $4.23 billion, driven by improved refining margins and marketing results.

  4. How much did ExxonMobil invest in capital and exploration in 2001?

    ExxonMobil invested $12.3 billion in capital and exploration expenditures in 2001, an increase of $1.1 billion from the previous year, with a significant portion allocated to upstream projects.

04—Continue

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