Exxon 2010 Annual Report Download - page 34

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SUMMARY STATEMENT OF INCOME
(millions of dollars)
2010 2009 2008
Revenues and Other Income
Sales and other operating revenue(1)370,125
301,500 459,579
Income from equity affiliates 10,677
7,143 11,081
Other income(2) 2,419
1,943 6,699
Total revenues and other income 383,221
310,586 477,359
Costs and Other Deductions
Crude oil and product purchases 197,959
152,806 249,454
Production and manufacturing expenses 35,792
33,027 37,905
Selling, general, and administrative expenses 14,683
14,735 15,873
Depreciation and depletion 14,760
11,917 12,379
Exploration expenses, including dry holes 2,144
2,021 1,451
Interest expense 259
548 673
Sales-based taxes(1) 28,547
25,936 34,508
Other taxes and duties 36,118
34,819 41,719
Total costs and other deductions 330,262
275,809 393,962
Income before income taxes 52,959
34,777 83,397
Income taxes 21,561
15,119 36,530
Net income including noncontrolling interests 31,398
19,658 46,867
Net income attributable to noncontrolling interests 938
378 1,647
Net income attributable to ExxonMobil 30,460
19,280 45,220
Earnings per Common Share (dollars) 6.24
3.99 8.70
Earnings per Common Share – Assuming Dilution (dollars) 6.22
3.98 8.66
(1) Sales and other operating revenue includes sales-based taxes of $28,547 million for 2010, $25,936 million for 2009, and $34,508 million for 2008.
(2) Other income for 2008 includes a $62 million gain from the sale of a non-U.S. investment and a related $143 million foreign exchange loss.
The information in the Summary Statement of Income (for 2008 to 2010), the Summary Balance Sheet (for 2009 and 2010), and the Summary Statement of Cash Flows (for 2008
to 2010), shown on pages 32 through 34, corresponds to the information in the Consolidated Statement of Income, Consolidated Balance Sheet, and the Consolidated Statement
of Cash Flows in ExxonMobil’s 2010 Financial Statements and Supplemental Information booklet. See also Management’s Discussion and Analysis of Financial Condition and
Results of Operations and other information in ExxonMobil’s 2010 Financial Statements and Supplemental Information booklet.
50
40
30
20
10
0
Functional Earnings and Net Income(1)
(billions of dollars)
Upstream Downstream Chemical Corporate
and Financing
Net
Income(1)
2006 2007 2008 2009 2010
Eric฀Whetstone฀•฀Whetstone฀Design฀
office:฀214-583-6118฀•฀cell:฀
EDITOR
Gloria฀Moncada฀•฀Investor฀Relations
Exxon฀Mobil฀Corporation,฀Irving,฀TX
office:฀972-444-1151฀•฀cell:310-505-2771
Carol฀Zuber-Mallison฀•฀ZM฀Graphics,฀Inc.
studio/cell:฀214-906-4162฀•฀fax:฀817-924-7784
APPROVED฀BY
Feb.฀12,฀2011
LAST฀FILE฀CHANGE฀MADE฀BY
S32A฀10XOMSAR-
RecordEarnings.ai
different฀versions
(1) Net income attributable to ExxonMobil.
ExxonMobil delivered earnings of $30.5 billion in 2010, which
included record results in our Chemical business. We continue to
leverage our strong integrated business model for earnings and
efficiency advantages.
Strong cash flow from operations and asset sales is more than
sufficient to fund a growing level of investments in the business.
We continue to generate strong operating cash flows from our
highly efficient capital base.
32
EXXON฀MOBIL฀CORPORATION฀ •฀ 2010฀SUMMARY฀ANNUAL฀REPORT