8-KEarnings & ResultsRegulation FD

EXXON MOBIL CORP 8-K Report, Financial Results (Feb 15, 2007)

Filed February 15, 2007For Securities:XOM

Summary

Exxon Mobil Corporation (XOM) filed an 8-K on February 15, 2007, primarily to disclose information regarding its 2006 additions to worldwide proved oil and gas reserves. This filing highlights the company's performance in replenishing its reserves base, a critical metric for energy companies. Investors should pay close attention to the reserves replacement percentage as it indicates the company's ability to sustain future production and revenue streams. The report directs readers to a news release dated February 15, 2007, for detailed information on these reserves. This news release, included as an exhibit, is the key source for understanding the magnitude of new discoveries and developments that contributed to XOM's proved reserves in 2006, and the percentage of production replaced. This data is fundamental for assessing the long-term viability and growth prospects of Exxon Mobil.

Key Highlights

  • 1Disclosure of 2006 additions to worldwide proved oil and gas reserves.
  • 2Announcement of the company's reserves replacement percentage for 2006.
  • 3Information provided pursuant to Regulation FD Disclosure (Item 7.01).
  • 4Information provided related to Results of Operations and Financial Condition (Item 2.02).
  • 5Key data on reserves replacement is detailed in an accompanying news release dated February 15, 2007.
  • 6The news release is included as Exhibit 99 to the 8-K filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose Exxon Mobil's 2006 additions to its worldwide proved oil and gas reserves and to report the company's reserves replacement percentage for that year.

Detailed information regarding the 2006 additions to worldwide proved oil and gas reserves and the related replacement percentage can be found in Exxon Mobil's news release dated February 15, 2007, which is included as Exhibit 99 to this 8-K filing.

The reserves replacement percentage is a crucial metric for investors as it indicates whether the company is discovering or acquiring enough oil and gas to replace the amounts it produces. A high replacement percentage suggests the company can sustain its production levels and future revenue streams, indicating long-term viability.

'Proved oil and gas reserves' refers to the quantities of petroleum and natural gas which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be recoverable under existing economic and operating conditions; from known reservoirs and at the time of the estimate.