Summary
In 2010, ExxonMobil Corporation reported strong financial performance, driven by a rebound in global economic activity and favorable commodity prices. The company successfully navigated a complex operating environment, characterized by evolving energy demand and increasing regulatory scrutiny, particularly concerning greenhouse gas emissions. Key operational highlights include significant investment in upstream projects, contributing to a robust proved reserves base and production outlook. The downstream and chemical segments also demonstrated resilience, with improved margins and strategic investments aimed at meeting future market demands. Investors can look forward to ExxonMobil's continued focus on disciplined capital allocation, operational excellence, and technological innovation to drive long-term shareholder value. The company's substantial financial strength and diversified business model position it well to capitalize on global energy growth opportunities while managing inherent risks. The acquisition of XTO Energy Inc. in 2010 is expected to enhance the company's unconventional resources portfolio and long-term production capacity.
Financial Highlights
47 data points| Revenue | $370.13B |
| R&D Expenses | $1.01B |
| SG&A Expenses | $14.68B |
| Operating Expenses | $330.26B |
| Interest Expense | $259.00M |
| Net Income | $30.46B |
| EPS (Basic) | $6.24 |
| EPS (Diluted) | $6.22 |
Key Highlights
- 1ExxonMobil's total proved reserves at year-end 2010 stood at 24,809 million oil-equivalent barrels, with 7,693 million barrels classified as proved undeveloped.
- 2The company's oil-equivalent production averaged 4,447 thousand barrels per day in 2010, an increase from 3,932 thousand barrels per day in 2009.
- 3Upstream earnings significantly increased to $24,097 million in 2010 from $17,107 million in 2009, driven by higher realizations and volumes.
- 4Downstream earnings improved to $3,567 million in 2010 from $1,781 million in 2009, aided by higher industry refining margins.
- 5Chemical segment earnings reached a record $4,913 million in 2010, more than doubling the $2,309 million reported in 2009, due to improved margins and volumes.
- 6Capital and exploration expenditures totaled $32.2 billion in 2010, an increase from $27.1 billion in 2009, reflecting continued investment in projects.
- 7The acquisition of XTO Energy Inc. was completed in 2010, adding significant unconventional oil and gas resources to ExxonMobil's portfolio.