EXXON MOBIL CORP Quarterly Report for Q2 Ended Jun 30, 2014

Summary

ExxonMobil's second quarter 2014 results demonstrated a significant increase in profitability, with net income attributable to ExxonMobil reaching $8.78 billion, a 28% rise compared to the same period in 2013. This growth was driven by strong operational performance across its segments, particularly in the Upstream division, which benefited from higher realizations and strategic asset management. The company also highlighted its commitment to shareholder returns, distributing $6.0 billion through dividends and share repurchases during the quarter. Despite a slight decrease in production volumes, mainly due to the expiry of a concession in Abu Dhabi, overall efficiency and strategic divestments contributed to a robust financial performance for the period.

Key Highlights

• 1Net income attributable to ExxonMobil for the second quarter of 2014 was $8.78 billion, up 28% from $6.86 billion in the second quarter of 2013.
• 2Earnings per share (diluted) for the second quarter were $2.05, an increase from $1.55 in the prior year period.
• 3Total revenues and other income increased to $111.65 billion for the quarter, up from $106.67 billion in Q2 2013.
• 4The Upstream segment showed strong earnings growth, with $7.88 billion in the second quarter of 2014, up from $6.31 billion in the prior year, driven by higher realizations and asset management impacts.
• 5ExxonMobil distributed $6.0 billion to shareholders in Q2 2014 through dividends ($0.69 per share) and share repurchases.
• 6Capital and exploration expenditures for the first six months of 2014 were $18.2 billion, a decrease of 17% from the same period in 2013, mainly due to the absence of a prior year acquisition.
• 7The company's debt-to-total capital ratio improved to 10.4% at the end of Q2 2014, down from 11.2% at the end of 2013.

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