Exxon 2009 Annual Report Download - page 22

UPSTREAM STATISTICAL RECAP 2009 2008 2007 2006 2005
Earnings (millions of dollars) 17,107 35,402 26,497 26,230 24,349
Liquids production (net, thousands of barrels per day) 2,387 2,405 2,616 2,681 2,523
Natural gas production
available for sale (net, millions of cubic feet per day) 9,273 9,095 9,384 9,334 9,251
Oil-equivalent production (net, thousands of barrels per day) 3,932 3,921 4,180 4,237 4,065
Proved reserves replacement(1)(2) (percent) 134 110 132 129 129
Resource additions(3) (millions of oil-equivalent barrels) 2,860 2,230 2,010 4,270 4,365
Average capital employed(3) (millions of dollars) 73,201 66,064 63,565 57,871 53,261
Return on average capital employed(3) (percent) 23.4 53.6 41.7 45.3 45.7
Capital and exploration expenditures(3) (millions of dollars) 20,704 19,734 15,724 16,231 14,470
(1) Reserves determined on ExxonMobil’s basis; see Frequently Used Terms on pages 44 through 45.
(2) Excluding asset sales and the 2007 Venezuela expropriation.
(3) See Frequently Used Terms on pages 44 through 45.
Note: Unless otherwise stated, production rates, project capacities, and acreage values referred to on pages 18 to 25 of the report are gross.
UPSTREAM COMPETITIVE ADVANTAGES
Portfolio฀Quality฀•฀ The quality, size, and diversity of
ExxonMobil’s resource base and project inventory underpin
a strong long-term outlook. We identify, pursue, and
capture the highest-quality resources and then apply
our technical and project expertise to develop them in the
most efficient way.
Global฀Integration฀•฀ The global functional Upstream
companies work with the Downstream and Chemical
businesses to identify and deliver integrated solutions that
maximize resource value.
Discipline฀and฀Consistency฀•฀ We explore for, develop,
produce, and market oil and gas using globally deployed
management systems that ensure consistent application of
the highest technical, operational, and commercial standards.
Value฀Maximization฀•฀ From optimum development concept
selection to mid- and late-life investments to increase
reservoir recovery, ExxonMobil maximizes resource value
over the life of every asset.
Long-Term฀Perspective฀•฀ Consistent, selective capital
investment and focused technology development ensure
robust returns over the long term.
2009 Results and Highlights
Industry-leading workforce safety performance.
Earnings were $17.1 billion.
Return on average capital employed was 23 percent,
averaging 42 percent over the last five years.
Earnings per oil-equivalent barrel were $11.92, exceeding
those of our competitors.
Total net production of liquids and natural gas available for
sale was 3.9 million oil-equivalent barrels per day.
Proved oil and gas reserves additions were 2.0 billion
oil-equivalent barrels, replacing 134 percent of production
excluding asset sales and determined on ExxonMobil’s basis.
Resource base additions totaled 2.9 billion oil-equivalent barrels; ExxonMobil’s total resource base now stands at
75 billion oil-equivalent barrels.
Finding and resource-acquisition costs were $1.54 per oil-equivalent barrel.
Upstream capital and exploration spending was $20.7 billion, driven by an active exploration program, selective investment
in a strong portfolio of development projects, and continued investment to enhance the value of existing assets.
Eric฀Whetstone฀•฀Whetstone฀Design฀Lab
office:฀214-788-6336฀•฀cell:฀
EDITOR
Tracey฀Gunnlaugsson฀•฀Investor฀Relations
Exxon฀Mobil฀Corporation,฀Irving,฀TX
office:฀972-444-1151฀•฀cell:972-849-6202
fax:฀972-444-1505
tracey[email protected]
Carol฀Zuber-Mallison฀•฀ZM฀Graphics
studio/cell:฀214-906-4162฀•฀fax:฀817-924-7784
[email protected]
Usage:฀Exclusive฀rights฀within฀ExxonMobil
(c)฀2010,฀ZM฀Graphics฀฀฀Image฀can฀not฀be฀resold
ATTENTION:฀OWNER
Data฀list฀is฀used฀to฀drive฀the฀black฀and฀
white฀chart,฀which฀is฀then฀used฀as฀a฀
template฀for฀the฀color฀chart.฀Bars฀and฀
lines฀are฀cut฀and฀pasted฀from฀the฀black฀
and฀white฀template฀and฀are฀highly฀
accurate.฀However,฀the฀color฀chart฀is฀
NOT฀linked฀to฀the฀database฀and฀is฀NOT฀
“driven”฀by฀the฀data;฀it฀is฀a฀piece฀of฀
artwork฀buiilt฀by฀a฀human.฀Therefore,฀the฀
editor฀needs฀to฀thoroughly฀proof฀the฀final฀
artwork,฀not฀JUST฀the฀data฀list.
VERSION
APPROVED฀BY
Johnston฀and฀Fancher฀/฀
Controllers
Feb.฀12,฀2010
FILE฀INFO
LAST฀FILE฀CHANGE฀MADE฀BY
31A฀09XOMF-
UpstrmROCE.ai
James
IN฀F&O฀ON฀PAGE
IN฀SAR฀ON฀PAGE
Note:
S฀19A
Includes฀link฀file
IS฀IN
SAR฀and฀F&O
DATA฀as฀of฀02/08/2010:
฀"XOM"฀ "Ind"
"2005"฀ 45.7฀ 29
“2006”฀ 45.3฀ 28
“2007”฀ 41.7฀ 26
“2008”฀ 53.6฀ 33
“2009”฀ 23.4฀ 14฀
0
10
20
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60 Ind
XOM
“2009”“2008”“2007”“2006”2005
ExxonMobil Integrated฀Oil฀Competitor฀Average(1)
200920082005 2006 2007
60
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20
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Upstream฀Return฀on฀Average฀Capital฀Employed
(percent)
(1) Royal Dutch Shell, BP, and Chevron values are estimated on a consistent
basis with ExxonMobil, based on public information.
EXXON฀MOBIL฀CORPORATION฀ •฀ 2009฀SUMMARY฀ANNUAL฀REPORT 19