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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OFTHE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30,2023or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OFTHE SECURITIES EXCHANGE ACT OF 1934 For t
2、he transition period from _to_ Commission File Number 1-2256Exxon Mobil Corporation(Exact name of registrant as specified in its charter)New Jersey 13-5409005(State or other jurisdiction of incorporation or organization)(I.R.S.Employer Identification Number)22777 Springwoods Village Parkway,Spring,T
3、exas 77389-1425(Address of principal executive offices)(Zip Code)(972)940-6000(Registrants telephone number,including area code)_Securities registered pursuant to Section 12(b)of the Act:Title of Each Class Trading Symbol Name of Each Exchange on Which RegisteredCommon Stock,without par value XOM Ne
4、w York Stock Exchange0.142%Notes due 2024XOM24BNew York Stock Exchange0.524%Notes due 2028XOM28New York Stock Exchange0.835%Notes due 2032XOM32New York Stock Exchange1.408%Notes due 2039XOM39ANew York Stock Exchange Indicate by check mark whether the registrant(1)has filed all reports required to be
5、 filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or forsuch shorter period that the registrant was required to file such reports),and(2)has been subject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the regist
6、rant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T(232.405of this chapter)during the preceding 12 months(or for such shorter period that the registrant was required to submit and post such files).Yes No Indicate by
7、 check mark whether the registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer,smaller reporting company,or an emerging growth company.See thedefinitions of large accelerated filer,accelerated filer,smaller reporting company,and“emerging growth company”in Rule 12b-2 of
8、the Exchange Act.Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting company Emerging growth companyIf an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
9、accountingstandards provided pursuant to Section 13(a)of the Exchange Act.Indicate by check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the Exchange Act).Yes No Indicate the number of shares outstanding of each of the issuers classes of common stock,as of the latest pr
10、acticable date.Class Outstanding as of June 30,2023Common stock,without par value 4,003,192,787EXXON MOBIL CORPORATIONFORM 10-QFOR THE QUARTERLY PERIOD ENDED JUNE 30,2023 TABLE OF CONTENTSPART I.FINANCIAL INFORMATION Item 1.Financial Statements Condensed Consolidated Statement of Income-Three and si
11、x months ended June 30,2023 and 20223 Condensed Consolidated Statement of Comprehensive Income-Three and six months ended June 30,2023 and 20224 Condensed Consolidated Balance Sheet-As of June 30,2023 and December 31,20225 Condensed Consolidated Statement of Cash Flows-Six months ended June 30,2023
12、and 20226 Condensed Consolidated Statement of Changes in Equity-Three months ended June 30,2023 and 20227Condensed Consolidated Statement of Changes in Equity-Six months ended June 30,2023 and 20228 Notes to Condensed Consolidated Financial Statements9 Item 2.Managements Discussion and Analysis of F
13、inancial Condition and Results of Operations18 Item 3.Quantitative and Qualitative Disclosures About Market Risk34 Item 4.Controls and Procedures34 PART II.OTHER INFORMATIONItem 1.Legal Proceedings35 Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35 Item 5.Other Information35Item
14、6.Exhibits35 Index to Exhibits36 Signature37 2PART I.FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTSCONDENSED CONSOLIDATED STATEMENT OF INCOME(millions of dollars,unless noted)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Revenues and other income Sales and other operating reven
15、ue80,795 111,265 164,439 198,999 Income from equity affiliates1,382 3,688 3,763 6,226 Other income737 728 1,276 956 Total revenues and other income82,914 115,681 169,478 206,181 Costs and other deductionsCrude oil and product purchases47,598 65,613 93,601 118,001 Production and manufacturing expense
16、s8,860 10,686 18,296 20,927 Selling,general and administrative expenses2,449 2,530 4,839 4,939 Depreciation and depletion(includes impairments)4,242 4,451 8,486 13,334 Exploration expenses,including dry holes133 286 274 459 Non-service pension and postretirement benefit expense164 120 331 228 Intere
17、st expense249 194 408 382 Other taxes and duties7,563 6,868 14,784 14,422 Total costs and other deductions71,258 90,748 141,019 172,692 Income(loss)before income taxes11,656 24,933 28,459 33,489 Income tax expense(benefit)3,503 6,359 8,463 9,165 Net income(loss)including noncontrolling interests8,15
18、3 18,574 19,996 24,324 Net income(loss)attributable to noncontrolling interests273 724 686 994 Net income(loss)attributable to ExxonMobil7,880 17,850 19,310 23,330 Earnings(loss)per common share(dollars)1.94 4.21 4.73 5.49 Earnings(loss)per common share-assuming dilution(dollars)1.94 4.21 4.73 5.49
19、The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.3CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Net income(loss)including noncontrolling
20、 interests8,153 18,574 19,996 24,324 Other comprehensive income(loss)(net of income taxes)Foreign exchange translation adjustment514(2,537)687(1,796)Postretirement benefits reserves adjustment(excluding amortization)17 155 36 260 Amortization and settlement of postretirement benefits reservesadjustm
21、ent included in net periodic benefit costs7 102 13 195 Total other comprehensive income(loss)538(2,280)736(1,341)Comprehensive income(loss)including noncontrolling interests8,691 16,294 20,732 22,983 Comprehensive income(loss)attributable to noncontrolling interests373 547 809 906 Comprehensive inco
22、me(loss)attributable to ExxonMobil8,318 15,747 19,923 22,077 The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.4CONDENSED CONSOLIDATED BALANCE SHEET(millions of dollars,unless noted)June 30,2023December 31,2022ASSETS Current assets Ca
23、sh and cash equivalents29,528 29,640 Cash and cash equivalents restricted29 25 Notes and accounts receivable net35,915 41,749 InventoriesCrude oil,products and merchandise20,006 20,434 Materials and supplies4,243 4,001 Other current assets2,039 1,782 Total current assets91,760 97,631 Investments,adv
24、ances and long-term receivables47,273 49,793 Property,plant and equipment net206,736 204,692 Other assets,including intangibles net17,479 16,951 Total Assets363,248 369,067 LIABILITIESCurrent liabilitiesNotes and loans payable3,929 634 Accounts payable and accrued liabilities54,404 63,197 Income tax
25、es payable3,482 5,214 Total current liabilities61,815 69,045 Long-term debt37,567 40,559 Postretirement benefits reserves10,278 10,045 Deferred income tax liabilities23,460 22,874 Long-term obligations to equity companies2,036 2,338 Other long-term obligations21,095 21,733 Total Liabilities156,251 1
26、66,594 Commitments and contingencies(Note 3)EQUITYCommon stock without par value(9,000 million shares authorized,8,019 million shares issued)16,029 15,752 Earnings reinvested444,731 432,860 Accumulated other comprehensive income(12,657)(13,270)Common stock held in treasury(4,016 million shares at Ju
27、ne 30,2023 and3,937 million shares at December 31,2022)(249,057)(240,293)ExxonMobil share of equity199,046 195,049 Noncontrolling interests7,951 7,424 Total Equity206,997 202,473 Total Liabilities and Equity363,248 369,067 The information in the Notes to Condensed Consolidated Financial Statements i
28、s an integral part of these statements.5CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(millions of dollars)Six Months EndedJune 30,20232022CASH FLOWS FROM OPERATING ACTIVITIES Net income(loss)including noncontrolling interests19,996 24,324 Depreciation and depletion(includes impairments)8,486 13,334
29、 Changes in operational working capital,excluding cash and debt(3,885)(1,661)All other items net1,127(1,246)Net cash provided by operating activities25,724 34,751 CASH FLOWS FROM INVESTING ACTIVITIESAdditions to property,plant and equipment(10,771)(7,748)Proceeds from asset sales and returns of inve
30、stments2,141 1,232 Additional investments and advances(834)(643)Other investing activities including collection of advances183 150 Net cash used in investing activities(9,281)(7,009)CASH FLOWS FROM FINANCING ACTIVITIESAdditions to long-term debt136 Reductions in long-term debt(6)Reductions in short-
31、term debt(172)(2,336)Additions/(reductions)in debt with three months or less maturity(172)1,303 Contingent consideration payments(68)(58)Cash dividends to ExxonMobil shareholders(7,439)(7,487)Cash dividends to noncontrolling interests(293)(123)Changes in noncontrolling interests11(697)Common stock a
32、cquired(8,680)(5,986)Net cash used in financing activities(16,683)(15,384)Effects of exchange rate changes on cash132(299)Increase/(decrease)in cash and cash equivalents(108)12,059 Cash and cash equivalents at beginning of period29,665 6,802 Cash and cash equivalents at end of period29,557 18,861 SU
33、PPLEMENTAL DISCLOSURESIncome taxes paid8,841 5,545 Cash interest paidIncluded in cash flows from operating activities295 352 Capitalized,included in cash flows from investing activities561 388 Total cash interest paid856 740 Noncash right of use assets recorded in exchange for lease liabilitiesOpera
34、ting leases1,036 1,039 Finance leases438 656 The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.6CONDENSED CONSOLIDATED STATEMENT OF CHANGE IN EQUITY ExxonMobil Share of Equity (millions of dollars,unless noted)CommonStockEarningsReinv
35、estedAccumulatedOtherComprehensiveIncomeCommonStock Held inTreasuryExxonMobilShare ofEquityNon-controllingInterestsTotal EquityBalance as of March 31,202215,879 393,779(12,914)(227,529)169,215 7,311 176,526 Amortization of stock-based awards143 143 143 Other(4)(4)(15)(19)Net income(loss)for the peri
36、od 17,850 17,850 724 18,574 Dividends-common shares(3,727)(3,727)(63)(3,790)Other comprehensive income(loss)(2,103)(2,103)(177)(2,280)Acquisitions,at cost (4,059)(4,059)(588)(4,647)Dispositions 1 1 1 Balance as of June 30,202216,018 407,902(15,017)(231,587)177,316 7,192 184,508 Balance as of March 3
37、1,202315,904 440,552(13,095)(244,676)198,685 7,729 206,414 Amortization of stock-based awards130 130 130 Other(5)(5)27 22 Net income(loss)for the period 7,880 7,880 273 8,153 Dividends-common shares(3,701)(3,701)(178)(3,879)Other comprehensive income(loss)438 438 100 538 Acquisitions,at cost (4,383)
38、(4,383)(4,383)Dispositions 2 2 2 Balance as of June 30,202316,029 444,731(12,657)(249,057)199,046 7,951 206,997 Three Months Ended June 30,2023 Three Months Ended June 30,2022Common Stock Share Activity(millions ofshares)IssuedHeld inTreasuryOutstanding IssuedHeld inTreasuryOutstandingBalance as of
39、March 318,019(3,976)4,043 8,019(3,806)4,213 Acquisitions(40)(40)(45)(45)Dispositions Balance as of June 308,019(4,016)4,003 8,019(3,851)4,168 The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.7CONDENSED CONSOLIDATED STATEMENT OF CHANG
40、E IN EQUITY ExxonMobil Share of Equity (millions of dollars,unless noted)CommonStockEarningsReinvestedAccumulatedOtherComprehensiveIncomeCommonStock Held inTreasuryExxonMobilShare ofEquityNon-controllingInterestsTotal EquityBalance as of December 31,202115,746 392,059(13,764)(225,464)168,577 7,106 1
41、75,683 Amortization of stock-based awards281 281 281 Other(9)(9)(1)(10)Net income(loss)for the period 23,330 23,330 994 24,324 Dividends-common shares(7,487)(7,487)(123)(7,610)Other comprehensive income(loss)(1,253)(1,253)(88)(1,341)Acquisitions,at cost (6,126)(6,126)(696)(6,822)Dispositions 3 3 3 B
42、alance as of June 30,202216,018 407,902(15,017)(231,587)177,316 7,192 184,508 Balance as of December 31,202215,752 432,860(13,270)(240,293)195,049 7,424 202,473 Amortization of stock-based awards288 288 288 Other(11)(11)11 Net income(loss)for the period 19,310 19,310 686 19,996 Dividends-common shar
43、es(7,439)(7,439)(293)(7,732)Other comprehensive income(loss)613 613 123 736 Acquisitions,at cost (8,768)(8,768)(8,768)Dispositions 4 4 4 Balance as of June 30,202316,029 444,731(12,657)(249,057)199,046 7,951 206,997 Six Months Ended June 30,2023 Six Months Ended June 30,2022Common Stock Share Activi
44、ty(millions of shares)IssuedHeld inTreasuryOutstanding IssuedHeld inTreasuryOutstandingBalance as of December 318,019(3,937)4,082 8,019(3,780)4,239 Acquisitions(79)(79)(71)(71)Dispositions Balance as of June 308,019(4,016)4,003 8,019(3,851)4,168 The information in the Notes to Condensed Consolidated
45、 Financial Statements is an integral part of these statements.8NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSNote 1.Basis of Financial Statement PreparationThese unaudited condensed consolidated financial statements should be read in the context of the consolidated financial statements and not
46、es thereto filed with the Securitiesand Exchange Commission in the Corporations 2022 Annual Report on Form 10-K.In the opinion of the Corporation,the information furnished herein reflects all knownaccruals and adjustments necessary for a fair statement of the results for the periods reported herein.
47、All such adjustments are of a normal recurring nature.Prior data has beenreclassified in certain cases to conform to the current presentation basis.The Corporations exploration and production activities are accounted for under the successful efforts method.Note 2.RussiaIn response to Russias militar
48、y action in Ukraine,the Corporation announced in early 2022 that it planned to discontinue operations on the Sakhalin-1 project(“Sakhalin”)anddevelop steps to exit the venture.In light of this,an impairment assessment was conducted,and management determined that the carrying value of the asset group
49、 was notrecoverable.As a result,the Corporations first-quarter 2022 earnings included after-tax charges of$3.4 billion largely representing the full impairment of its operations relatedto Sakhalin.On a before-tax basis,the charges amounted to$4.6 billion,substantially all of which is reflected in th
50、e line captioned“Depreciation and depletion(includesimpairments)”on the Condensed Consolidated Statement of Income.Effective October 14,2022 the Russian government unilaterally terminated the Corporations interests inSakhalin,transferring operations to a Russian operator.The Corporations fourth-quar
51、ter 2022 results included an after-tax benefit of$1.1 billion largely reflecting the impact ofthe expropriation on the companys various obligations related to Sakhalin.The Corporations exit from the project resulted in approximately 150 million oil-equivalent barrelsno longer qualifying as proved re
52、serves at year-end 2022.9Note 3.Litigation and Other ContingenciesLitigationA variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending lawsuits.Management has regular litigationreviews,including updates from corporate and outside counsel
53、,to assess the need for accounting recognition or disclosure of these contingencies.The Corporation accrues anundiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated.If a range of amounts can be reasonablyestimated and no a
54、mount within the range is a better estimate than any other amount,then the minimum of the range is accrued.The Corporation does not record liabilities whenthe likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed t
55、o be only reasonably possible orremote.For contingencies where an unfavorable outcome is reasonably possible and which are significant,the Corporation discloses the nature of the contingency and,wherefeasible,an estimate of the possible loss.For purposes of our contingency disclosures,“significant”i
56、ncludes material matters,as well as other matters which managementbelieves should be disclosed.State and local governments and other entities in various jurisdictions across the United States and its territories have filed a number of legal proceedings against several oil andgas companies,including
57、ExxonMobil,requesting unprecedented legal and equitable relief for various alleged injuries purportedly connected to climate change.These lawsuitsassert a variety of novel,untested claims under statutory and common law.Additional such lawsuits may be filed.We believe the legal and factual theories s
58、et forth in theseproceedings are meritless and represent an inappropriate attempt to use the court system to usurp the proper role of policymakers in addressing the societal challenges of climatechange.Local governments in Louisiana have filed unprecedented legal proceedings against a number of oil
59、and gas companies,including ExxonMobil,requesting compensation for therestoration of coastal marshes in the state.We believe the factual and legal theories set forth in these proceedings are meritless.While the outcome of any litigation can be unpredictable,we believe the likelihood is remote that t
60、he ultimate outcomes of these lawsuits will have a material adverse effect onthe Corporations operations,financial condition,or financial statements taken as a whole.We will continue to defend vigorously against these claims.Other ContingenciesThe Corporation and certain of its consolidated subsidia
61、ries were contingently liable at June 30,2023,for guarantees relating to notes,loans and performance under contracts.Where guarantees for environmental remediation and other similar matters do not include a stated cap,the amounts reflect managements estimate of the maximum potentialexposure.Where it
62、 is not possible to make a reasonable estimation of the maximum potential amount of future payments,future performance is expected to be either immaterialor have only a remote chance of occurrence.These guarantees are not reasonably likely to have a material effect on the Corporations financial cond
63、ition,changes in financialcondition,revenues or expenses,results of operations,liquidity,capital expenditures or capital resources.June 30,2023(millions of dollars)Equity CompanyObligations Other Third-PartyObligationsTotalGuarantees Debt-related1,164 150 1,314 Other716 5,725 6,441 Total1,880 5,875
64、7,755 ExxonMobil shareThe operations and earnings of the Corporation and its affiliates throughout the world have been,and may in the future be,affected from time to time in varying degree bypolitical developments and laws and regulations,such as forced divestiture of assets;restrictions on producti
65、on,imports and exports;price controls;tax increases and retroactivetax claims;expropriation of property;cancellation of contract rights;sanctions and environmental regulations.Both the likelihood of such occurrences and their overall effectupon the Corporation vary greatly from country to country an
66、d are not predictable.(1)(1)10Note 4.Other Comprehensive Income InformationExxonMobil Share of Accumulated OtherComprehensive Income(millions of dollars)Cumulative ForeignExchange TranslationAdjustmentPostretirementBenefits ReservesAdjustmentTotalBalance as of December 31,2021(11,499)(2,265)(13,764)
67、Current period change excluding amounts reclassified from accumulatedother comprehensive income(1,682)245(1,437)Amounts reclassified from accumulated other comprehensive income 184 184 Total change in accumulated other comprehensive income(1,682)429(1,253)Balance as of June 30,2022(13,181)(1,836)(15
68、,017)Balance as of December 31,2022(14,591)1,321(13,270)Current period change excluding amounts reclassified from accumulatedother comprehensive income 570 35 605 Amounts reclassified from accumulated other comprehensive income 8 8 Total change in accumulated other comprehensive income570 43 613 Bal
69、ance as of June 30,2023(14,021)1,364(12,657)Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss)net of taxes of$(70)million and$327 million in 2023 and 2022,respectively.Amounts Reclassified Out of Accumulated OtherComprehensive Income-Before-tax Income/(Expen
70、se)(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Amortization and settlement of postretirement benefits reservesadjustment included in net periodic benefit costs (Statement of Income line:Non-service pension and postretirementbenefit expense)(6)(132)(14)(252)
71、Income Tax(Expense)/Credit ForComponents of Other Comprehensive Income(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Foreign exchange translation adjustment85(68)133(90)Postretirement benefits reserves adjustment(excluding amortization)20(83)31(123)Amortizatio
72、n and settlement of postretirement benefits reservesadjustment included in net periodic benefit costs1(30)(1)(57)Total106(181)163(270)(1)(1)(1)11Note 5.Earnings Per Share Earnings per common shareThree Months EndedJune 30,Six Months EndedJune 30,2023202220232022Net income(loss)attributable to ExxonM
73、obil(millions of dollars)7,880 17,850 19,310 23,330 Weighted-average number of common shares outstanding(millionsof shares)4,066 4,233 4,084 4,248 Earnings(loss)per common share(dollars)1.94 4.21 4.73 5.49 Dividends paid per common share(dollars)0.91 0.88 1.82 1.76 Includes restricted shares not ves
74、ted.Earnings(loss)per common share and earnings(loss)per common share assuming dilution are the same in each period shown.Note 6.Pension and Other Postretirement Benefits (millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Components of net benefit cost Pension Ben
75、efits-U.S.Service cost122 177 242 356 Interest cost165 129 331 258 Expected return on plan assets(133)(140)(266)(280)Amortization of actuarial loss/(gain)21 39 42 78 Amortization of prior service cost(7)(7)(14)(14)Net pension enhancement and curtailment/settlement cost7 53 15 90 Net benefit cost175
76、251 350 488 Pension Benefits-Non-U.S.Service cost81 145 163 295 Interest cost232 157 466 317 Expected return on plan assets(172)(207)(346)(420)Amortization of actuarial loss/(gain)14 47 28 94 Amortization of prior service cost13 11 25 23 Net pension enhancement and curtailment/settlement cost(1)(1)N
77、et benefit cost168 152 336 308 Other Postretirement BenefitsService cost20 38 40 78 Interest cost69 53 139 108 Expected return on plan assets(3)(4)(7)(7)Amortization of actuarial loss/(gain)(31)(61)3 Amortization of prior service cost(11)(10)(21)(21)Net benefit cost44 77 90 161 (1)(2)(1)(2)12Note 7.
78、Financial Instruments and DerivativesThe estimated fair value of financial instruments and derivatives at June 30,2023 and December 31,2022,and the related hierarchy level for the fair value measurement was asfollows:June 30,2023 Fair Value (millions of dollars)Level 1Level 2Level 3Total GrossAssets
79、&LiabilitiesEffect of CounterpartyNettingEffect ofCollateralNettingDifference inCarrying Valueand Fair ValueNetCarryingValueAssets Derivative assets 4,768 1,980 6,748(5,477)(807)464 Advances to/receivables from equitycompanies 2,472 4,645 7,117 592 7,709 Other long-term financial assets 1,255 864 2,
80、119 283 2,402 LiabilitiesDerivative liabilities 4,031 2,136 6,167(5,477)(72)618 Long-term debt 30,891 1,099 9 31,999 3,790 35,789 Long-term obligations to equitycompanies 2,161 2,161 (125)2,036 Other long-term financial liabilities 631 631 44 675 December 31,2022 Fair Value (millions of dollars)Leve
81、l 1Level 2Level 3Total GrossAssets&LiabilitiesEffect of CounterpartyNettingEffect ofCollateralNettingDifference inCarrying Valueand Fair ValueNetCarryingValueAssets Derivative assets 4,309 3,455 7,764(5,778)(969)1,017 Advances to/receivables from equitycompanies 2,406 4,958 7,364 685 8,049 Other lon
82、g-term financial assets 1,208 1,413 2,621 346 2,967 LiabilitiesDerivative liabilities 3,417 3,264 6,681(5,778)(79)824 Long-term debt 33,112 1,880 6 34,998 4,173 39,171 Long-term obligations to equitycompanies 2,467 2,467 (129)2,338 Other long-term financial liabilities 679 679 38 717 Included in the
83、 Balance Sheet lines:Notes and accounts receivable-net and Other assets,including intangibles-net Included in the Balance Sheet line:Investments,advances and long-term receivables Included in the Balance Sheet lines:Investments,advances and long-term receivables and Other assets,including intangible
84、s-net Included in the Balance Sheet lines:Accounts payable and accrued liabilities and Other long-term obligations Excluding finance lease obligations Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3inputs.The fair
85、 value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of thecompany.Included in the Balance Sheet line:Other long-term obligations.Includes contingent consideration related to a prior year acquisitionwhere fair value is based on expec
86、ted drilling activities and discount rates.At June 30,2023 and December 31,2022,respectively,the Corporation had$698 million and$1,494 million of collateral under master netting arrangements not offset againstthe derivatives on the Condensed Consolidated Balance Sheet,primarily related to initial ma
87、rgin requirements.(1)(2)(6)(3)(4)(5)(6)(7)(1)(2)(6)(3)(4)(5)(6)(7)(1)(2)(3)(4)(5)(6)(7)13The Corporation may use non-derivative financial instruments,such as its foreign currency-denominated debt,as hedges of its net investments in certain foreign subsidiaries.Under this method,the change in the car
88、rying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income.As of June 30,2023,the Corporation has designated$4.9 billion of its Euro-denominated debt and related accrued interest as a net investment hedge of its European busine
89、ss.The net investment hedge is deemed to be perfectly effective.The Corporation had undrawn short-term committed lines of credit of$545 million and undrawn long-term committed lines of credit of$928 million as of second quarter 2023.Derivative InstrumentsThe Corporations size,strong capital structur
90、e,geographic diversity,and the complementary nature of its business segments reduce the Corporations enterprise-wide risk fromchanges in commodity prices,currency rates and interest rates.In addition,the Corporation uses commodity-based contracts,including derivatives,to manage commodity pricerisk a
91、nd to generate returns from trading.Commodity contracts held for trading purposes are presented in the Condensed Consolidated Statement of Income on a net basis in theline“Sales and other operating revenue.The Corporations commodity derivatives are not accounted for under hedge accounting.At times,t
92、he Corporation also enters intocurrency and interest rate derivatives,none of which are material to the Corporations financial position as of June 30,2023 and December 31,2022,or results of operations forthe periods ended June 30,2023 and 2022.Credit risk associated with the Corporations derivative
93、position is mitigated by several factors,including the use of derivative clearing exchanges and the quality of andfinancial limits placed on derivative counterparties.The Corporation maintains a system of controls that includes the authorization,reporting,and monitoring of derivativeactivity.The net
94、 notional long/(short)position of derivative instruments at June 30,2023 and December 31,2022,was as follows:(millions)June 30,2023December 31,2022Crude oil(barrels)34 4 Petroleum products(barrels)(69)(52)Natural gas(MMBTUs)(75)(64)Realized and unrealized gains/(losses)on derivative instruments that
95、 were recognized in the Condensed Consolidated Statement of Income are included in the following lines ona before-tax basis:(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Sales and other operating revenue332(1,413)983(3,948)Crude oil and product purchases5 (20
96、)(26)Total337(1,413)963(3,974)14Note 8.Disclosures about Segments and Related Information(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Earnings(Loss)After Income TaxUpstream United States920 3,749 2,552 6,125 Non-U.S.3,657 7,622 8,482 9,734 Energy ProductsUni
97、ted States1,528 2,655 3,438 3,144 Non-U.S.782 2,617 3,055 1,933 Chemical ProductsUnited States486 625 810 1,395 Non-U.S.342 450 389 1,086 Specialty ProductsUnited States373 232 824 478 Non-U.S.298 185 621 415 Corporate and Financing(506)(286)(861)(980)Corporate total7,880 17,850 19,310 23,330 Sales
98、and Other Operating RevenueUpstreamUnited States1,673 3,958 4,443 6,614 Non-U.S.3,739 7,101 9,126 13,444 Energy ProductsUnited States26,128 34,473 51,052 59,326 Non-U.S.38,945 52,804 78,921 94,519 Chemical ProductsUnited States1,992 3,180 4,021 6,274 Non-U.S.3,678 4,497 7,370 8,994 Specialty Product
99、sUnited States1,542 1,653 3,110 3,044 Non-U.S.3,095 3,591 6,384 6,769 Corporate and Financing3 8 12 15 Corporate total80,795 111,265 164,439 198,999 Intersegment RevenueUpstreamUnited States5,044 7,180 10,000 13,371 Non-U.S.8,412 13,533 17,811 24,368 Energy ProductsUnited States5,074 8,348 10,525 15
100、,197 Non-U.S.6,988 10,848 13,957 19,610 Chemical ProductsUnited States2,084 2,558 3,872 4,325 Non-U.S.977 1,600 1,754 3,107 Specialty ProductsUnited States684 713 1,364 1,272 Non-U.S.169 195 268 419 Corporate and Financing64 59 128 116 Results for first quarter 2022 include charges of$3.3 billion in
101、 non-U.S.Upstream and$0.1 billion in Corporate and Financing associatedwith the expropriation of the Corporations interest in Sakhalin-1.(1)(1)(1)15Geographic Sales and Other Operating Revenue (millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022United States31,335
102、43,264 62,626 75,258 Non-U.S.49,460 68,001 101,813 123,741 Total80,795 111,265 164,439 198,999 Significant Non-U.S.revenue sources include:Canada6,825 9,642 13,546 16,638 United Kingdom5,242 8,306 12,253 15,854 Singapore3,758 4,774 7,489 9,096 France3,494 5,265 6,978 9,622 Italy2,527 3,063 5,063 5,8
103、98 Belgium2,410 3,041 5,059 5,877 Australia2,392 3,205 4,820 5,661 Revenue is determined by primary country of operations.Excludes certain sales and other operating revenues in non-U.S.operationswhere attribution to a specific country is not practicable.Revenue from Contracts with CustomersSales and
104、 other operating revenue includes both revenue within the scope of ASC 606 and outside the scope of ASC 606.Trade receivables in Notes and accounts receivable net reported on the Balance Sheet also includes both receivables within the scope of ASC 606 and those outside the scope of ASC 606.Revenue a
105、nd receivables outside thescope of ASC 606 primarily relate to physically settled commodity contracts accounted for as derivatives.Contractual terms,credit quality,and type of customer are generallysimilar between those revenues and receivables within the scope of ASC 606 and those outside it.Sales
106、and other operating revenue(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022 Revenue from contracts with customers63,322 85,851 127,626 154,667 Revenue outside the scope of ASC 60617,473 25,414 36,813 44,332 Total80,795 111,265 164,439 198,999(1)(1)16Note 9.Dive
107、stment ActivitiesThrough June 30,2023,the Corporation realized proceeds of approximately$2.1 billion from its divestment activities in 2023 with negligible impact on net after-tax earnings.This included the sale of the Aera Energy joint venture,the Billings Refinery,certain unconventional assets in
108、the United States,as well as other smaller divestments.In January 2023,the Corporation executed an agreement with Bangchak Corporation to sell its interest in Esso Thailand Ltd.that includes the Sriracha Refinery,selectdistribution terminals,and a network of retail stations.The transaction is antici
109、pated to close in third quarter 2023.In 2022,the Corporation realized proceeds of approximately$5 billion and recognized net after-tax earnings of approximately$0.4 billion from its divestment activities.Thisincluded the sale of certain unproved assets in Romania and unconventional assets in Canada
110、and the United States,as well as other smaller divestments.In November 2022,the Corporation executed an agreement for the sale of the Santa Ynez Unit and associated assets in California.The agreement is subject to certain conditionsprecedent and government approvals and does not yet meet held-for-sa
111、le criteria under ASC 360.Should the conditions precedent be met and the potential transaction close,theCorporation would expect to recognize a loss of up to$2 billion.In February 2022,the Corporation signed an agreement with Seplat Energy Offshore Limited for the sale of Mobil Producing Nigeria Unl
112、imited.The agreement is subject tocertain conditions precedent and government approvals.In mid-2022,a Nigerian court issued an order to halt transition activities and enter into arbitration with the NigerianNational Petroleum Company.The closing date and any loss on sale will depend on resolution of
113、 these matters.Note 10.Subsequent EventsOn July 13,2023,the Corporation entered into an agreement to acquire Denbury Inc.,a developer of carbon capture,utilization and storage solutions and enhanced oil recoveryin exchange for ExxonMobil common stock.Based on the July 12 closing price for ExxonMobil
114、 shares,and at a fixed exchange rate of 0.84 per Denbury share,the transactionvalue was$4.9 billion.The number of shares issuable in connection with the transaction would have been approximately 45 million.The transaction is currently expected toclose in the fourth quarter of 2023.In addition to car
115、bon capture and storage assets,the acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operationswhich consist of proved reserves totaling over 200 million barrels of oil equivalent,with 47 thousand oil-equivalent barrels per day of current production.17ITEM 2.MANAGEMENTS DISCUSSI
116、ON AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSOverviewDuring the first quarter of 2023,the price of crude oil declined towards the average of the 10-year range(2010-2019),impacted by higher inventory levels.Crude oil prices wererelatively flat in the second quarter after OPEC+oil p
117、roducers further reduced oil output,which helped offset concerns over potential market impacts from a weakening globaleconomy.Natural gas prices remained above the 10-year average despite declining significantly in the first half.Storage levels increased above historical averages in the UnitedStates
118、 and Europe on higher supply and lower demand.Refining margins declined on easing supply concerns with stabilization of Russian supply,yet remain above the 10-yearaverage.Chemical margins remained well below the 10-year range due to continued bottom-of-cycle conditions in Asia Pacific;however,global
119、 margins improved in thesecond quarter on lower feed costs.The Corporations first half results included after-tax charges of$0.2 billion related to additional European taxes imposed on the energy sector,mainly reflected in the line“Income tax expense(benefit).”The enactment of regulations in late 20
120、22 by European Member States and other countries imposed mandatory taxes on certain companiesactive in the crude petroleum,coal,natural gas,and refinery sectors.Denbury AcquisitionOn July 13,2023,the Corporation announced that it had entered into a definitive agreement to acquire Denbury Inc.The acq
121、uisition further accelerates the Corporations LowCarbon Solutions opportunities.See Note 10 of the Condensed Consolidated Financial Statements for additional information.18FUNCTIONAL EARNINGS SUMMARYEarnings(loss)excluding Identified Items(non-GAAP)are earnings(loss)excluding individually significan
122、t non-operational events with,typically,an absolute corporate totalearnings impact of at least$250 million in a given quarter.The earnings(loss)impact of an identified item for an individual segment may be less than$250 million when theitem impacts several periods or several segments.Earnings(loss)e
123、xcluding Identified Items does include non-operational earnings events or impacts that are generally belowthe$250 million threshold utilized for Identified Items.Management uses these figures to improve comparability of the underlying business across multiple periods by isolatingand removing signifi
124、cant non-operational events from business results.The Corporation believes this view provides investors increased transparency into business results andtrends and provides investors with a view of the business as seen through the eyes of management.Earnings(loss)excluding Identified Items is not mea
125、nt to be viewed inisolation or as a substitute for net income(loss)attributable to ExxonMobil as prepared in accordance with U.S.GAAP.Three Months EndedJune 30,2023UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporateandFinancingTotal(millions of dollars)U.S.Non-U.S.U.S.Non-U.S.U.S.Non
126、-U.S.U.S.Non-U.S.Earnings(loss)(U.S.GAAP)920 3,657 1,528 782 486 342 373 298(506)7,880 Identified ItemsTax-related items(12)18 6 Earnings(loss)excludingIdentified Items(Non-GAAP)920 3,669 1,528 764 486 342 373 298(506)7,874 Three Months EndedJune 30,2022UpstreamEnergy ProductsChemical ProductsSpecia
127、lty ProductsCorporateandFinancingTotal(millions of dollars)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings(loss)(U.S.GAAP)3,749 7,622 2,655 2,617 625 450 232 185(286)17,850 Identified ItemsGain/(loss)on sale of assets299 299 Earnings(loss)excludingIdentified Items(Non-GAAP)3,450 7,622 2,655
128、 2,617 625 450 232 185(286)17,551 Six Months EndedJune 30,2023UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporateandFinancingTotal(millions of dollars)U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.Earnings(loss)(U.S.GAAP)2,552 8,482 3,438 3,055 810 389 824 621(861)19,310 Identified
129、 ItemsTax-related items(170)(12)(182)Earnings(loss)excludingIdentified Items(Non-GAAP)2,552 8,652 3,438 3,067 810 389 824 621(861)19,492 Six Months EndedJune 30,2022UpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorporateandFinancingTotal(millions of dollars)U.S.Non-U.S.U.S.Non-U.S.U.S.No
130、n-U.S.U.S.Non-U.S.Earnings(loss)(U.S.GAAP)6,125 9,734 3,144 1,933 1,395 1,086 478 415(980)23,330 Identified ItemsImpairments(2,877)(98)(2,975)Gain/(loss)on sale of assets299 299 Other(378)(378)Earnings(loss)excludingIdentified Items(Non-GAAP)5,826 12,989 3,144 1,933 1,395 1,086 478 415(882)26,384 Re
131、ferences in this discussion to Corporate earnings(loss)mean net income(loss)attributable to ExxonMobil(U.S.GAAP)from the Condensed Consolidated Statement ofIncome.Unless otherwise indicated,references to earnings(loss);Upstream,Energy Products,Chemical Products,Specialty Products,and Corporate and F
132、inancing earnings(loss);and earnings(loss)per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests.Due to rounding,numbers presented may not add up precisely to the totals indicated.19REVIEW OF SECOND QUARTER 2023 RESULTSExxonMobils second-quarter 2023 earning
133、s were$7.9 billion,or$1.94 per share assuming dilution,compared with earnings of$17.9 billion a year earlier.The decrease inearnings was driven by lower crude and natural gas prices,and declining industry refining margins.Capital and exploration expenditures were$6.2 billion,up$1.6 billion fromsecon
134、d quarter 2022.Earnings for the first six months of 2023 were$19.3 billion,or$4.73 per diluted share,compared with$23.3 billion a year earlier.Capital and exploration expenditures were$12.5 billion,up$3.0 billion from 2022.The Corporation distributed$7.4 billion in dividends to shareholders and repu
135、rchased$8.7 billion of common stock.UPSTREAMUpstream Financial Results(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Earnings(loss)(U.S.GAAP)United States920 3,749 2,552 6,125 Non-U.S.3,657 7,622 8,482 9,734 Total4,577 11,371 11,034 15,859 Identified Items Uni
136、ted States 299 299 Non-U.S.(12)(170)(3,255)Total(12)299(170)(2,956)Earnings(loss)excluding Identified Items (Non-GAAP)United States920 3,450 2,552 5,826 Non-U.S.3,669 7,622 8,652 12,989 Total4,589 11,072 11,204 18,815 Upstream Second Quarter Earnings Factor Analysis(millions of dollars)Price Price i
137、mpacts decreased earnings by$6,300 million,driven by a 33%decrease in average crude realizations and 51%decrease in average natural gas realizations.Volume/Mix Lower volumes decreased earnings by$150 million,mainly driven by natural gas,partly offset by liquids growth in Guyana and the Permian.Other
138、 All other items decreased earnings by$30 million.Identified Items 2Q 2022$299 million gain on the sale of U.S.Barnett Shale assets.2Q 2023$(12)million loss driven by additional European taxes.Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Identif
139、ied Items.(1)(1)(1)(1)20Upstream Year-to-Date Earnings Factor Analysis(millions of dollars)Price Price impacts decreased earnings by$8,110 million,driven by a 28%decrease in average realizations for crude oil and a 27%decrease in average natural gasrealizations.Volume/Mix Favorable volume and mix ef
140、fects increased earnings by$520 million,driven by higher production from our advantaged projects in Guyana and the Permian.Other All other items decreased earnings by$20 million.Identified Items 2022$(2,956)million loss as a result of the Russia expropriation,partly offset by a gain on the sale of U
141、.S.Barnett Shale assets.2023$(170)million lossdriven by additional European taxes.Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Identified Items.(1)(1)21Upstream Operational ResultsThree Months EndedJune 30,Six Months EndedJune 30,202320222023202
142、2Net production of crude oil,natural gas liquids,bitumen andsynthetic oil(thousands of barrels daily)United States785 777 802 765 Canada/Other Americas618 556 645 516 Europe4 4 4 4 Africa206 224 213 240 Asia702 691 725 714 Australia/Oceania38 46 35 43 Worldwide2,353 2,298 2,424 2,282 Net natural gas
143、 production available for sale(millions of cubic feet daily)United States2,346 2,699 2,357 2,738 Canada/Other Americas97 180 94 180 Europe375 825 461 798 Africa86 67 110 63 Asia3,350 3,320 3,473 3,330 Australia/Oceania1,275 1,515 1,276 1,421 Worldwide7,529 8,606 7,771 8,530 Oil-equivalent production
144、(thousands of oil-equivalent barrels daily)3,608 3,732 3,719 3,704 Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.(1)(1)22Upstream Additional Information(thousands of barrels daily)Three Months EndedJune 30Six Months EndedJune 30Volumes reconci
145、liation(Oil-equivalent production)20223,7323,704Entitlements-Net Interest(26)(46)Entitlements-Price/Spend/Other7764Government Mandates(47)(25)Divestments(152)(141)Growth/Other2416320233,6083,719Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.2Q
146、2023versus2Q 20223.6 million oil-equivalent barrels per day in 2Q 2023 decreased 124 thousand oil-equivalent barrelsper day from 2Q 2022.Net production increased 24 thousand oil-equivalent barrels per day,excluding the impacts from entitlements,divestments,the Russia expropriation,and highergovernme
147、nt-mandated curtailments.YTD 2023versusYTD 20223.7 million oil-equivalent barrels per day in 2023 increased 15 thousand oil-equivalent barrels perday from 2022.Net production increased 163 thousand oil-equivalent barrels per day driven bygrowth in Guyana and Permian,excluding the impacts from entitl
148、ements,divestments,the Russiaexpropriation,and higher government-mandated curtailments.Listed below are descriptions of ExxonMobils volumes reconciliation factors which are provided to facilitate understanding of the terms.Entitlements-Net Interest are changes to ExxonMobils share of production volu
149、mes caused by non-operational changes to volume-determining factors.These factors consistof net interest changes specified in Production Sharing Contracts(PSCs),which typically occur when cumulative investment returns or production volumes achieve definedthresholds,changes in equity upon achieving p
150、ay-out in partner investment carry situations,equity redeterminations as specified in venture agreements,or as a result of thetermination or expiry of a concession.Once a net interest change has occurred,it typically will not be reversed by subsequent events,such as lower crude oil prices.Entitlemen
151、ts-Price,Spend and Other are changes to ExxonMobils share of production volumes resulting from temporary changes to non-operational volume-determiningfactors.These factors include changes in oil and gas prices or spending levels from one period to another.According to the terms of contractual arrang
152、ements or governmentroyalty regimes,price or spending variability can increase or decrease royalty burdens and/or volumes attributable to ExxonMobil.For example,at higher prices,fewer barrelsare required for ExxonMobil to recover its costs.These effects generally vary from period to period with fiel
153、d spending patterns or market prices for oil and natural gas.Suchfactors can also include other temporary changes in net interest as dictated by specific provisions in production agreements.Government Mandates are changes to ExxonMobils sustainable production levels as a result of production limits
154、or sanctions imposed by governments.Divestments are reductions in ExxonMobils production arising from commercial arrangements to fully or partially reduce equity in a field or asset in exchange for financial orother economic consideration.Growth and Other comprise all other operational and non-opera
155、tional factors not covered by the above definitions that may affect volumes attributable to ExxonMobil.Suchfactors include,but are not limited to,production enhancements from project and work program activities,acquisitions including additions from asset exchanges,downtime,market demand,natural fiel
156、d decline,and any fiscal or commercial terms that do not affect entitlements.(1)(1)23ENERGY PRODUCTSEnergy Products Financial Results(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Earnings(loss)(U.S.GAAP)United States1,528 2,655 3,438 3,144 Non-U.S.782 2,617 3
157、,055 1,933 Total2,310 5,273 6,493 5,077 Identified Items United States Non-U.S.18 (12)Total18 (12)Earnings(loss)excluding Identified Items (Non-GAAP)United States1,528 2,655 3,438 3,144 Non-U.S.764 2,617 3,067 1,933 Total2,292 5,273 6,505 5,077 Due to rounding,numbers presented may not add up precis
158、ely to the totals indicated.Energy Products Second Quarter Earnings Factor Analysis(millions of dollars)Margins Lower margins decreased earnings by$3,100 million due to lower industry refining margins,partly offset by increased marketing and trading contributions.Volume/Mix Favorable volume and mix
159、increased earnings by$90 million,driven by the Beaumont refinery expansion.Other All other items increased earnings by$30 million.Identified Items 2Q 2023$18 million gain related to European taxes.Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Ide
160、ntified Items.(1)(1)(1)(1)24Energy Products Year-to-Date Earnings Factor Analysis(millions of dollars)Margins Margins increased earnings by$1,370 million as higher marketing and trading contributions more than offset declining industry refining margins.Volume/Mix Favorable volume and mix effects inc
161、reased earnings by$290 million,including start-up of the Beaumont refinery expansion.Other All other items decreased earnings by$230 million,primarily due to higher project and maintenance expenses.Identified Items 2023$(12)million loss from additional European taxes.Refer to Functional Earnings Sum
162、mary for definition of Identified Items and earnings(loss)excluding Identified Items.Energy Products Operational Results(thousands of barrels daily)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Refinery throughputUnited States1,944 1,686 1,794 1,686 Canada388 413 403 406 Europe1,
163、209 1,164 1,199 1,179 Asia Pacific463 532 514 534 Other169 193 176 180 Worldwide4,173 3,988 4,086 3,985 Energy Products salesUnited States2,743 2,452 2,601 2,358 Non-U.S.2,916 2,858 2,867 2,853 Worldwide5,658 5,310 5,469 5,211 Gasoline,naphthas2,401 2,208 2,290 2,161 Heating oils,kerosene,diesel1,84
164、2 1,755 1,806 1,739 Aviation fuels344 350 328 319 Heavy fuels228 228 221 238 Other energy products844 769 823 753 Data reported net of purchases/sales contracts with the same counterparty.Due to rounding,numbers presented may not add up precisely to the totals indicated.(1)(1)(2)(2)25CHEMICAL PRODUC
165、TSChemical Products Financial Results(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Earnings(loss)(U.S.GAAP)United States486 625 810 1,395 Non-U.S.342 450 389 1,086 Total828 1,076 1,199 2,481 Earnings(loss)excluding Identified Items (Non-GAAP)United States486
166、625 810 1,395 Non-U.S.342 450 389 1,086 Total828 1,076 1,199 2,481 Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Identified Items.Due to rounding,numbers presented may not add up precisely to the totals indicated.Chemical Products Second Quarter
167、Earnings Factor Analysis(millions of dollars)Margins Weaker industry margins decreased earnings by$150 million.Volume/Mix Lower sales decreased earnings by$100 million.(1)(1)26Chemical Products Year-to-Date Earnings Factor Analysis(millions of dollars)Margins Weaker industry margins decreased earnin
168、gs by$730 million.Volume/Mix Lower sales decreased earnings by$350 million,reflecting weaker market fundamentals.Other All other items decreased earnings by$200 million,primarily driven by higher project and planned maintenance expenses.Chemical Products Operational Results(thousands of metric tons)
169、Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Chemical Products sales United States1,725 1,998 3,286 4,030 Non-U.S.3,124 2,812 6,212 5,798 Worldwide4,849 4,811 9,498 9,829 Data reported net of purchases/sales contracts with the same counterparty.(1)(1)27SPECIALTY PRODUCTSSpecialt
170、y Products Financial Results(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Earnings(loss)(U.S.GAAP)United States373 232 824 478 Non-U.S.298 185 621 415 Total671 417 1,445 893 Earnings(loss)excluding Identified Items (Non-GAAP)United States373 232 824 478 Non-U
171、.S.298 185 621 415 Total671 417 1,445 893 Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Identified Items.Specialty Products Second Quarter Earnings Factor Analysis(millions of dollars)Margins Stronger finished lubes and basestock margins increase
172、d earnings by$320 million.Volume/Mix Lower basestock sales decreased earnings by$90 million.Other All other items increased earnings by$20 million.(1)(1)28Specialty Products Year-to-Date Earnings Factor Analysis(millions of dollars)Margins Improved margins increased earnings by$690 million,primarily
173、 related to lower feed costs.Volume/Mix Lower volumes decreased earnings by$80 million.Other All other items decreased earnings by$60 million.Specialty Products Operational Results(thousands of metric tons)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Specialty Products sales Uni
174、ted States514 590 991 1,111 Non-U.S.1,391 1,511 2,855 2,995 Worldwide1,905 2,100 3,845 4,107 Data reported net of purchases/sales contracts with the same counterparty.CORPORATE AND FINANCINGCorporate and Financing Financial Results(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 3
175、0,2023202220232022Earnings(loss)(U.S.GAAP)(506)(286)(861)(980)Identified Items (98)Earnings(loss)excluding Identified Items (Non-GAAP)(506)(286)(861)(882)Refer to Functional Earnings Summary for definition of Identified Items and earnings(loss)excluding Identified Items.Corporate and Financing expen
176、ses were$506 million for the second quarter of 2023,$220 million higher than the second quarter of 2022,reflecting unfavorable tax items andforeign exchange impacts,partly offset by lower financing costs.Corporate and Financing expenses were$861 million for the first six months of 2023,$119 million
177、lower than 2022,primarily reflecting the absence of an identified itemassociated with the Sakhalin-1 expropriation.(1)(1)(2)(2)(2)29LIQUIDITY AND CAPITAL RESOURCES(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Net cash provided by/(used in)Operating activities
178、25,724 34,751 Investing activities(9,281)(7,009)Financing activities(16,683)(15,384)Effect of exchange rate changes132(299)Increase/(decrease)in cash and cash equivalents(108)12,059 Cash and cash equivalents(at end of period)29,557 18,861 Cash flow from operations and asset salesNet cash provided by
179、 operating activities(U.S.GAAP)9,383 19,963 25,724 34,751 Proceeds associated with sales of subsidiaries,property,plant&equipment,and sales and returns of investments1,287 939 2,141 1,232 Cash flow from operations and asset sales(Non-GAAP)10,670 20,902 27,865 35,983 Because of the ongoing nature of
180、our asset management and divestment program,we believe it is useful for investors to consider proceedsassociated with asset sales together with cash provided by operating activities when evaluating cash available for investment in the businessand financing activities,including shareholder distributi
181、ons.Cash flow from operations and asset sales in the second quarter of 2023 was$10.7 billion,a decrease of$10.2 billion from the comparable 2022 period primarily reflectinglower earnings.Cash provided by operating activities totaled$25.7 billion for the first six months of 2023,$9.0 billion lower th
182、an 2022.Net income including noncontrolling interests was$20.0 billion,a decrease of$4.3 billion from the prior year period.The adjustment for the noncash provision of$8.5 billion for depreciation and depletion was down$4.8 billionfrom 2022.Changes in operational working capital were a reduction of$
183、3.9 billion,compared to a reduction of$1.7 billion in the prior year period.All other items net increasedcash flows by$1.1 billion in 2023 versus a reduction of$1.2 billion in 2022.See the Condensed Consolidated Statement of Cash Flows for additional details.Investing activities for the first six mo
184、nths of 2023 used net cash of$9.3 billion,an increase of$2.3 billion compared to the prior year.Spending for additions to property,plantand equipment of$10.8 billion was$3.0 billion higher than 2022.Proceeds from asset sales were$2.1 billion.Net investments and advances increased$0.2 billion to$0.7
185、billion.Net cash used in financing activities was$16.7 billion in the first six months of 2023,including$8.7 billion for the purchase of 79.1 million shares of ExxonMobil stock,as partof the previously announced buyback program.This compares to net cash used in financing activities of$15.4 billion i
186、n the prior year.Total debt at the end of the secondquarter of 2023 was$41.5 billion compared to$41.2 billion at year-end 2022.The Corporations debt to total capital ratio was 16.7 percent at the end of the second quarter of2023 compared to 16.9 percent at year-end 2022.The net debt to capital ratio
187、 was 5.5 percent at the end of the second quarter,an increase of 0.1 percentage points from year-end 2022.The Corporations capital allocation priorities are investing in competitively advantaged,high-return projects;maintaining a strong balance sheet;and sharing oursuccess with our shareholders thro
188、ugh more consistent share repurchases and a growing dividend.The Corporation distributed a total of$7.4 billion to shareholders in the firstsix months of 2023 through dividends.The Corporation has access to significant capacity of long-term and short-term liquidity.Internally generated funds are exp
189、ected to cover the majority of financial requirements,supplemented by long-term and short-term debt.The Corporation had undrawn short-term committed lines of credit of$0.5 billion and undrawn long-term committed lines ofcredit of$0.9 billion as of second quarter 2023.The Corporation,as part of its o
190、ngoing asset management program,continues to evaluate its mix of assets for potential upgrade.Because of the ongoing nature of this program,dispositions will continue to be made from time to time which will result in either gains or losses.Additionally,the Corporation continues to evaluate opportuni
191、ties to enhanceits business portfolio through acquisitions of assets or companies,and enters into such transactions from time to time.Key criteria for evaluating acquisitions include strategicfit,cost synergies,potential for future growth,and attractive current valuations.Acquisitions may be made wi
192、th cash,shares of the Corporations common stock,or both.Litigation and other contingencies are discussed in Note 3 to the unaudited condensed consolidated financial statements.30Contractual ObligationsThe Corporation and its affiliates have numerous long-term sales and purchase commitments in their
193、various business activities,all of which are expected to be fulfilled with noadverse consequences material to the Corporations operations or financial condition.Through July 2023,the Corporation has entered into various long-term agreements withan estimated total obligation of approximately$6.9 bill
194、ion.As of June 30,undiscounted commitments for leases not yet commenced totaled$4.1 billion for operating leases and$2.2 billion for finance leases.TAXES(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Income taxes3,503 6,359 8,463 9,165 Effective income tax rat
195、e33%31%34%34%Total other taxes and duties 8,328 7,779 16,423 16,228 Total11,831 14,138 24,886 25,393 Includes“Other taxes and duties”plus taxes that are included in“Production and manufacturing expenses”and“Selling,general andadministrative expenses”.Total taxes were$11.8 billion for the second quar
196、ter of 2023,a decrease of$2.3 billion from 2022.Income tax expense was$3.5 billion compared to$6.4 billion in the prioryear reflecting lower commodity prices.The effective income tax rate of 33 percent increased from the 31 percent rate in the prior year period due primarily to a change in mixof res
197、ults in jurisdictions with varying tax rates.Total other taxes and duties increased by$0.5 billion to$8.3 billion.Total taxes were$24.9 billion for the first six months of 2023,a decrease of$0.5 billion from 2022.Income tax expense decreased by$0.7 billion to$8.5 billion reflectinglower commodity pr
198、ices.The effective income tax rate of 34 percent was flat compared to the prior year period.Total other taxes and duties increased by$0.2 billion to$16.4billion.CAPITAL AND EXPLORATION EXPENDITURES(millions of dollars)Three Months EndedJune 30,Six Months EndedJune 30,2023202220232022Upstream(includi
199、ng exploration expenses)4,609 3,627 9,190 7,506 Energy Products731 506 1,416 1,072 Chemical Products659 419 1,490 855 Specialty Products103 56 194 79 Other64 1 256 1 Total6,166 4,609 12,546 9,513 Capital and exploration expenditures in the second quarter of 2023 were$6.2 billion,up 34%from the secon
200、d quarter of 2022.Capital and exploration expenditures in the first six months of 2023 were$12.5 billion,up 32%from the first six months of 2022.The Corporation plans to invest in the range of$23 billion to$25 billion in 2023.Actual spending could vary depending on the progress of individual project
201、s and property acquisitions.(1)(1)31IMPORTANT INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND ITIn connection with the proposed transaction between Exxon Mobil Corporation(“ExxonMobil”)and Denbury Inc.(“Denbury”),ExxonMobil and Denbury will file relevantmaterials with the Securities and Exchange
202、 Commission(the“SEC”),including a registration statement on Form S-4 filed by ExxonMobil that will include a proxy statement ofDenbury that also constitutes a prospectus of ExxonMobil.A definitive proxy statement/prospectus will be mailed to stockholders of Denbury.This communication is not asubstit
203、ute for the registration statement,proxy statement or prospectus or any other document that ExxonMobil or Denbury(as applicable)may file with the SEC in connectionwith the proposed transaction.BEFORE MAKING ANY VOTING OR INVESTMENT DECISION,INVESTORS AND SECURITY HOLDERS OF EXXONMOBIL ANDDENBURY ARE
204、 URGED TO READ THE REGISTRATION STATEMENT,THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTSTHAT ARE FILED OR WILL BE FILED WITH THE SEC,AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS,CAREFULLY AND INTHEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CON
205、TAIN IMPORTANT INFORMATION ABOUT THEPROPOSED TRANSACTION AND RELATED MATTERS.Investors and security holders may obtain free copies of the registration statement and the proxystatement/prospectus(when they become available),as well as other filings containing important information about ExxonMobil or
206、 Denbury,without charge at the SECsInternet website(http:/www.sec.gov).Copies of the documents filed with the SEC by ExxonMobil will be available free of charge on ExxonMobils internet website under the tab“investors”and then under the tab“SEC Filings”or by contacting ExxonMobils Investor Relations
207、Department .Copies of the documents filed with the SEC by Denbury will be available free of charge on Denburys internet website athttps:/ by directing a request to Denbury Inc.,ATTN:Investor Relations,5851 Legacy Circle,Suite 1200,Plano,TX 75024,Tel.No.(972)673-2000.The information included on,or ac
208、cessible through,ExxonMobils or Denburys website is not incorporated by reference into thiscommunication.Participants in the SolicitationExxonMobil,Denbury,their respective directors and certain of their respective executive officers may be deemed to be participants in the solicitation of proxies in
209、 respect ofthe proposed transaction.Information about the directors and executive officers of Denbury is set forth in its proxy statement for its 2023 annual meeting of stockholders,whichwas filed with the SEC on April 18,2023,and in its Form 10-K for the year ended December 31,2022,which was filed
210、with the SEC on February 23,2023.Information aboutthe directors and executive officers of ExxonMobil is set forth in its proxy statement for its 2023 annual meeting of stockholders,which was filed with the SEC on April 13,2023,and in its Form 10-K for the year ended December 31,2022,which was filed
211、with the SEC on February 22,2023.Additional information regarding the participants in theproxy solicitations and a description of their direct or indirect interests,by security holdings or otherwise,will be contained in the proxy statement/prospectus and other relevantmaterials filed with the SEC wh
212、en they become available.No Offer or SolicitationThis communication is for informational purposes and is not intended to,and shall not,constitute an offer to sell or the solicitation of an offer to buy any securities or asolicitation of any vote or approval,nor shall there be any offer,solicitation
213、or sale of securities in any jurisdiction in which such offer,solicitation or sale would be unlawfulprior to registration or qualification under the securities laws of any such jurisdiction.No offering of securities shall be made except by means of a prospectus meeting therequirements of Section 10
214、of the U.S.Securities Act of 1933,as amended.32FORWARD-LOOKING STATEMENTSStatements related to outlooks;projections;descriptions of strategic,operating,and financial plans and objectives;statements of future ambitions and plans;and otherstatements of future events or conditions in this release,are f
215、orward-looking statements.Similarly,discussion of future carbon capture,transportation and storage,as well asbiofuel,hydrogen,and other plans to reduce emissions are dependent on future market factors,such as continued technological progress,policy support and timely rule-makingand permitting,and re
216、present forward-looking statements.Actual future results,including financial and operating performance;total capital expenditures and mix,includingallocations of capital to low carbon solutions;structural earnings improvement and structural cost reductions and efficiency gains,including the ability
217、to offset inflationarypressure;plans to reduce future emissions and emissions intensity;ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050,plans to reach net zero Scope1 and 2 emissions in Upstream Permian Basin unconventional operated assets by 2030,eliminating routine fla
218、ring in-line with World Bank Zero Routine Flaring,reaching near-zero methane emissions from its operations,meeting ExxonMobils emission reduction goals and plans,divestment and start-up plans,and associated project plans as well astechnology efforts,timing and outcome of projects related to the capt
219、ure,transportation and storage of CO2,and produced biofuels,including completion of the Denburyacquisition;changes in law,taxes,or regulation including environmental regulations,trade sanctions,and timely granting of governmental permits and certifications;timing andoutcome of hydrogen projects;cash
220、 flow,dividends and shareholder returns,including the timing and amounts of share repurchases;future debt levels and credit ratings;business and project plans,timing,costs,capacities and returns;and resource recoveries and production rates could differ materially due to a number of factors.These inc
221、ludeglobal or regional changes in the supply and demand for oil,natural gas,petrochemicals,and feedstocks and other market factors,economic conditions,and seasonalfluctuations that impact prices and differentials for our products;government policies supporting lower carbon investment opportunities s
222、uch as the U.S.Inflation ReductionAct or policies limiting the attractiveness of future investment such as the additional European taxes on the energy sector;variable impacts of trading activities on our marginsand results each quarter;actions of competitors and commercial counterparties;the outcome
223、 of commercial negotiations,including final agreed terms and conditions;the abilityto access debt markets;the ultimate impacts of COVID-19 or other public health crises,including the effects of government responses on people and economies;reservoirperformance,including variability and timing factors
224、 applicable to unconventional resources;the level and outcome of exploration projects and decisions to invest in futurereserves;timely completion of development and other construction projects;final management approval of future projects and any changes in the scope,terms,or costs of suchprojects as
225、 approved;government policies and support and market demand for low carbon technologies;war,civil unrest,attacks against the company or industry,and otherpolitical or security disturbances;expropriations,seizure,or capacity,insurance or shipping limitations by foreign governments or laws;opportuniti
226、es for potential acquisitions,investments or divestments and satisfaction of applicable conditions to closing,including timely regulatory approvals;the capture of efficiencies within and between businesslines and the ability to maintain near-term cost reductions as ongoing efficiencies;unforeseen te
227、chnical or operating difficulties and unplanned maintenance;the developmentand competitiveness of alternative energy and emission reduction technologies;the results of research programs and the ability to bring new technologies to commercial scaleon a cost-competitive basis;and other factors discuss
228、ed under Item 1A.Risk Factors of ExxonMobils 2022 Form 10-K.Forward-looking and other statements regarding our environmental,social and other sustainability efforts and aspirations are not an indication that these statements arenecessarily material to investors or requiring disclosure in our filing
229、with the SEC.In addition,historical,current,and forward-looking environmental,social and sustainability-related statements may be based on standards for measuring progress that are still developing,internal controls and processes that continue to evolve,and assumptions that aresubject to change in t
230、he future,including future rule-making.The term“project”as used in this report can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparencyreports.33ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKInformation
231、 about market risks for the six months ended June 30,2023,does not differ materially from that discussed under Item 7A of the registrants Annual Report on Form10-K for 2022.ITEM 4.CONTROLS AND PROCEDURESAs indicated in the certifications in Exhibit 31 of this report,the Corporations Chief Executive
232、Officer,Chief Financial Officer and Principal Accounting Officer haveevaluated the Corporations disclosure controls and procedures as of June 30,2023.Based on that evaluation,these officers have concluded that the Corporations disclosurecontrols and procedures are effective in ensuring that informat
233、ion required to be disclosed by the Corporation in the reports that it files or submits under the Securities ExchangeAct of 1934,as amended,is accumulated and communicated to them in a manner that allows for timely decisions regarding required disclosures and are effective in ensuringthat such infor
234、mation is recorded,processed,summarized and reported within the time periods specified in the Securities and Exchange Commissions rules and forms.Therewere no changes during the Corporations last fiscal quarter that materially affected,or are reasonably likely to materially affect,the Corporations i
235、nternal control over financialreporting.34PART II.OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGSExxonMobil has elected to use a$1 million threshold for disclosing environmental proceedings.Refer to the relevant portions of Note 3 of this Quarterly Report on Form 10-Q for further information on legal proc
236、eedings.ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSIssuer Purchases of Equity Securities for Quarter Ended June 30,2023Total Numberof SharesPurchased AveragePrice Paidper Share Total Number of SharesPurchased as Part ofPublicly Announced Plansor Programs Approximate Dollar Val
237、ueof Shares that May Yet BePurchased Under theProgram(Billions of dollars)April 202311,468,654$115.9711,467,390$29.3May 202314,417,519$106.8114,416,979$27.8June 202313,945,206$105.4213,945,174$26.3Total39,831,379$108.9639,829,543Includes shares withheld from participants in the companys incentive pr
238、ogram for personal income taxes.Excludes 1%excise tax on stock repurchases of$43M.In its 2022 Corporate Plan Update released December 8,2022,the Corporation stated that the company expanded its sharerepurchase program to up to$50 billion through 2024,including$15 billion of repurchases in 2022.Purch
239、ases were made underterms intended to qualify for exemption under Rules 10b-18 and 10b5-1.The Corporation will temporarily pause repurchases due totrading restrictions during the proxy solicitation period for the Denbury acquisition,which we expect to occur during the second halfof 2023.During the s
240、econd quarter,the Corporation did not issue or sell any unregistered equity securities.ITEM 5.OTHER INFORMATIONDuring the three months ended June 30,2023,none of the Companys directors or officers adopted or terminated a“Rule 10b5-1 trading arrangement”or“non-Rule 10b5-1trading arrangement,”as each
241、term is defined in Item 408(a)of Regulation S-K.ITEM 6.EXHIBITSSee Index to Exhibits of this report.(1)(2)(3)(1)(2)(3)35INDEX TO EXHIBITS Exhibit Description 31.1 Certification(pursuant to Securities Exchange Act Rule 13a-14(a)by Chief Executive Officer.31.2 Certification(pursuant to Securities Exch
242、ange Act Rule 13a-14(a)by Chief Financial Officer.31.3 Certification(pursuant to Securities Exchange Act Rule 13a-14(a)by Principal Accounting Officer.32.1 Section 1350 Certification(pursuant to Sarbanes-Oxley Section 906)by Chief Executive Officer.32.2 Section 1350 Certification(pursuant to Sarbane
243、s-Oxley Section 906)by Chief Financial Officer.32.3 Section 1350 Certification(pursuant to Sarbanes-Oxley Section 906)by Principal Accounting Officer.101 Interactive Data Files(formatted as Inline XBRL).104 Cover Page Interactive Data File(formatted as Inline XBRL and contained in Exhibit 101).36SIG
244、NATURE Pursuant to the requirements of the Securities Exchange Act of 1934,the Registrant has duly caused this report to be signed on its behalf by the undersigned,thereunto dulyauthorized.EXXON MOBIL CORPORATION Date:August 1,2023By:/s/LEN M.FOX Len M.Fox Vice President,Controller and Principal Acc
245、ounting Officer 37EXHIBIT 31.1Certification by Darren W.WoodsPursuant to Securities Exchange Act Rule 13a-14(a)I,Darren W.Woods,certify that:1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;2.Based on my knowledge,this report does not contain any untrue statement of a
246、material fact or omit to state a material fact necessary to make the statements made,in light ofthe circumstances under which such statements were made,not misleading with respect to the period covered by this report;3.Based on my knowledge,the financial statements,and other financial information in
247、cluded in this report,fairly present in all material respects the financial condition,resultsof operations and cash flows of the registrant as of,and for,the periods presented in this report;4.The registrants other certifying officers and I are responsible for establishing and maintaining disclosure
248、 controls and procedures(as defined in Exchange Act Rules 13a-15(e)and 15d-15(e)and internal control over financial reporting(as defined in Exchange Act Rules 13a-15(f)and 15d-15(f)for the registrant and have:(a)Designed such disclosure controls and procedures,or caused such disclosure controls and
249、procedures to be designed under our supervision,to ensure that materialinformation relating to the registrant,including its consolidated subsidiaries,is made known to us by others within those entities,particularly during the period in whichthis report is being prepared;(b)Designed such internal con
250、trol over financial reporting,or caused such internal control over financial reporting to be designed under our supervision,to providereasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generallyac
251、cepted accounting principles;(c)Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosurecontrols and procedures,as of the end of the period covered by this report based on such evaluation;
252、and(d)Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter(theregistrants fourth fiscal quarter in the case of an annual report)that has materially affected,or is reasonably likely to material
253、ly affect,the registrants internal controlover financial reporting;and5.The registrants other certifying officers and I have disclosed,based on our most recent evaluation of internal control over financial reporting,to the registrants auditors andthe audit committee of the registrants board of direc
254、tors(or persons performing the equivalent functions):(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affectthe registrants ability to record,process,summarize and report financial
255、 information;and(b)Any fraud,whether or not material,that involves management or other employees who have a significant role in the registrants internal control over financial reporting.Date:August 1,2023/s/DARREN W.WOODSDarren W.WoodsChief Executive OfficerEXHIBIT 31.2Certification by Kathryn A.Mik
256、ellsPursuant to Securities Exchange Act Rule 13a-14(a)I,Kathryn A.Mikells,certify that:1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;2.Based on my knowledge,this report does not contain any untrue statement of a material fact or omit to state a material fact necessa
257、ry to make the statements made,in light ofthe circumstances under which such statements were made,not misleading with respect to the period covered by this report;3.Based on my knowledge,the financial statements,and other financial information included in this report,fairly present in all material r
258、espects the financial condition,resultsof operations and cash flows of the registrant as of,and for,the periods presented in this report;4.The registrants other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Ru
259、les 13a-15(e)and 15d-15(e)and internal control over financial reporting(as defined in Exchange Act Rules 13a-15(f)and 15d-15(f)for the registrant and have:(a)Designed such disclosure controls and procedures,or caused such disclosure controls and procedures to be designed under our supervision,to ens
260、ure that materialinformation relating to the registrant,including its consolidated subsidiaries,is made known to us by others within those entities,particularly during the period in whichthis report is being prepared;(b)Designed such internal control over financial reporting,or caused such internal
261、control over financial reporting to be designed under our supervision,to providereasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generallyaccepted accounting principles;(c)Evaluated the effectiv
262、eness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosurecontrols and procedures,as of the end of the period covered by this report based on such evaluation;and(d)Disclosed in this report any change in the regis
263、trants internal control over financial reporting that occurred during the registrants most recent fiscal quarter(theregistrants fourth fiscal quarter in the case of an annual report)that has materially affected,or is reasonably likely to materially affect,the registrants internal controlover financi
264、al reporting;and5.The registrants other certifying officers and I have disclosed,based on our most recent evaluation of internal control over financial reporting,to the registrants auditors andthe audit committee of the registrants board of directors(or persons performing the equivalent functions):(
265、a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affectthe registrants ability to record,process,summarize and report financial information;and(b)Any fraud,whether or not material,t
266、hat involves management or other employees who have a significant role in the registrants internal control over financial reporting.Date:August 1,2023/s/KATHRYN A.MIKELLSKathryn A.MikellsSenior Vice President and Chief Financial OfficerEXHIBIT 31.3Certification by Len M.FoxPursuant to Securities Exc
267、hange Act Rule 13a-14(a)I,Len M.Fox,certify that:1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;2.Based on my knowledge,this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,in ligh
268、t ofthe circumstances under which such statements were made,not misleading with respect to the period covered by this report;3.Based on my knowledge,the financial statements,and other financial information included in this report,fairly present in all material respects the financial condition,result
269、sof operations and cash flows of the registrant as of,and for,the periods presented in this report;4.The registrants other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e)and 15d-15(e)and internal
270、 control over financial reporting(as defined in Exchange Act Rules 13a-15(f)and 15d-15(f)for the registrant and have:(a)Designed such disclosure controls and procedures,or caused such disclosure controls and procedures to be designed under our supervision,to ensure that materialinformation relating
271、to the registrant,including its consolidated subsidiaries,is made known to us by others within those entities,particularly during the period in whichthis report is being prepared;(b)Designed such internal control over financial reporting,or caused such internal control over financial reporting to be
272、 designed under our supervision,to providereasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generallyaccepted accounting principles;(c)Evaluated the effectiveness of the registrants disclosure co
273、ntrols and procedures and presented in this report our conclusions about the effectiveness of the disclosurecontrols and procedures,as of the end of the period covered by this report based on such evaluation;and(d)Disclosed in this report any change in the registrants internal control over financial
274、 reporting that occurred during the registrants most recent fiscal quarter(theregistrants fourth fiscal quarter in the case of an annual report)that has materially affected,or is reasonably likely to materially affect,the registrants internal controlover financial reporting;and5.The registrants othe
275、r certifying officers and I have disclosed,based on our most recent evaluation of internal control over financial reporting,to the registrants auditors andthe audit committee of the registrants board of directors(or persons performing the equivalent functions):(a)All significant deficiencies and mat
276、erial weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affectthe registrants ability to record,process,summarize and report financial information;and(b)Any fraud,whether or not material,that involves management or other emplo
277、yees who have a significant role in the registrants internal control over financial reporting.Date:August 1,2023/s/LEN M.FOXLen M.FoxVice President and Controller(Principal Accounting Officer)EXHIBIT 32.1Certification of Periodic Financial ReportPursuant to 18 U.S.C.Section 1350For purposes of 18 U.
278、S.C.Section 1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,the undersigned,Darren W.Woods,the chief executive officerof Exxon Mobil Corporation(the“Company”),hereby certifies that,to his knowledge:(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended Ju
279、ne 30,2023,as filed with the Securities and Exchange Commission on the date hereof(the“Report”)fully complies with the requirements of section 13(a)or 15(d)of the Securities Exchange Act of 1934;and(ii)the information contained in the Report fairly presents,in all material respects,the financial con
280、dition and results of operations of the Company.Date:August 1,2023/s/DARREN W.WOODSDarren W.WoodsChief Executive OfficerA signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be retained by Exxon Mobil Corporation andfurnished to the
281、 Securities and Exchange Commission or its staff upon request.EXHIBIT 32.2Certification of Periodic Financial ReportPursuant to 18 U.S.C.Section 1350For purposes of 18 U.S.C.Section 1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,the undersigned,Kathryn A.Mikells,the chief
282、financial officerof Exxon Mobil Corporation(the“Company”),hereby certifies that,to her knowledge:(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended June 30,2023,as filed with the Securities and Exchange Commission on the date hereof(the“Report”)fully complies with the requirem
283、ents of section 13(a)or 15(d)of the Securities Exchange Act of 1934;and(ii)the information contained in the Report fairly presents,in all material respects,the financial condition and results of operations of the Company.Date:August 1,2023/s/KATHRYN A.MIKELLSKathryn A.MikellsSenior Vice President an
284、d Chief Financial OfficerA signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be retained by Exxon Mobil Corporation andfurnished to the Securities and Exchange Commission or its staff upon request.EXHIBIT 32.3Certification of Peri
285、odic Financial ReportPursuant to 18 U.S.C.Section 1350For purposes of 18 U.S.C.Section 1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,the undersigned,Len M.Fox,the principal accounting officer ofExxon Mobil Corporation(the“Company”),hereby certifies that,to his knowledge:(
286、i)the Quarterly Report on Form 10-Q of the Company for the quarter ended June 30,2023,as filed with the Securities and Exchange Commission on the date hereof(the“Report”)fully complies with the requirements of section 13(a)or 15(d)of the Securities Exchange Act of 1934;and(ii)the information contain
287、ed in the Report fairly presents,in all material respects,the financial condition and results of operations of the Company.Date:August 1,2023/s/LEN M.FOXLen M.FoxVice President and Controller(Principal Accounting Officer)A signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be retained by Exxon Mobil Corporation andfurnished to the Securities and Exchange Commission or its staff upon request.