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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
 
FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 8, 2024
 
Exxon Mobil Corporation
(Exact name of registrant as specified in its charter)
 
New Jersey1-225613-5409005
(State or other
jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)

 22777 Springwoods Village Parkway, Spring, Texas 77389-1425
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (972) 940-6000
 
 
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

Securities registered pursuant to Section 12(b) of the Act:
  Name of Each Exchange
Title of Each ClassTrading Symbolon Which Registered
Common Stock, without par valueXOMNew York Stock Exchange
0.524% Notes due 2028XOM28New York Stock Exchange
0.835% Notes due 2032XOM32New York Stock Exchange
1.408% Notes due 2039XOM39ANew York Stock Exchange
  
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If 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 accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 7.01Regulation FD Disclosure
 The following information is furnished pursuant to Item 7.01.
 

2

INDEX TO EXHIBITS
 
 
 
Exhibit No.Description
  
Exxon Mobil Corporation 2Q24 Earnings Considerations.
  
104Cover Page Interactive Data File (formatted as Inline XBRL).
  
3

SIGNATURE
 
 
 
 
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 hereunto duly authorized.
 
 
 
 EXXON MOBIL CORPORATION
   
   
Date: July 8, 2024
By:/s/ LEN M. FOX
  Len M. Fox
  Vice President, Controller and Tax
  (Principal Accounting Officer)
4


EXHIBIT 99.1

2Q 2024 Earnings Considerations

To give perspective regarding market and planned factors affecting 2Q 2024 results, we are providing the following summary of items management believes will impact 2Q 2024 results relative to 1Q 2024 results. These factors are generally limited to significant planned activities, market dynamics, and seasonal demand patterns. This is only intended to provide information regarding current estimates of these factors. It is not comprehensive of all changes between 1Q 2024 and 2Q 2024 results and is not an estimate of 2Q 2024 earnings for the Corporation. For example, the table below does not reflect operating performance; ongoing improvement initiatives; impacts from the seasonality of base operating expenses; unscheduled downtime; or foreign exchange fluctuation, among other factors. Contributions from new project start-ups or acquisitions are also not included in this table, though some estimated impacts of the Pioneer Natural Resources ("Pioneer") acquisition are included in a separate table below. Further, this list may not account for all adjustments and charges required to fully reflect the changes in industry conditions and are subject to finalization of the Corporation’s financial reporting process for 2Q 2024.
$ billionsUpstreamEnergy ProductsChemical ProductsSpecialty ProductsCorp & FinTotal
1Q24 earnings (loss), U.S. GAAP
5.71.40.80.8(0.4)8.2
1Q24 Identified Items
––––––
1Q24 earnings (loss) excluding Identified Items (non-GAAP)
5.71.40.80.8(0.4)8.2
Due to rounding, numbers presented above may not add up precisely to the totals indicated.
Estimated effects of market factors impacting 2Q 2024 results; excludes Pioneer-related impacts
Change in liquids prices0.3 - 0.7
Change in gas prices(0.7) - (0.3)
Change in industry margins(1.5) - (1.1)0.0 - 0.2 (0.1) - 0.1
Change in timing effects(0.1) - 0.3 0.5 - 0.9
Estimated effects of planned and seasonal factors, and other items impacting 2Q 2024 results; excludes Pioneer-related impacts
Change in scheduled maintenance(0.2) - 0.0 0.1 - 0.3(0.1) - 0.1 (0.1) - 0.1




















1


2Q 2024 Additional Impacts from the Acquisition of Pioneer Natural Resources

Performance metrics included in the table represent estimated 2Q 2024 Pioneer impacts on ExxonMobil results post change-in-control, May 3, 2024 – June 30, 2024, and are not intended to cover all measures or indicators that may be disclosed for the 2Q 2024 reporting period. These metrics provide insight into how the acquisition of Pioneer may impact ExxonMobil’s overall 2Q 2024 results. Pioneer-related results will be integrated into the Upstream segment and Corporate & Financing.
$ billions2Q 2024 Est.Comment
Key Pioneer Business Drivers (May - June):
Production (koebd)1
500 - 550Reflects 2 months of Pioneer production averaged for 91 days for 2Q
Earnings (loss), U.S. GAAP0.2 - 0.4Includes operating results of $0.4B - $0.6B and one-time post-CIC transaction expenses of ($0.2B) - ($0.1B)
Pre-tax DD&A0.9 - 1.1Includes preliminary estimate of purchase accounting impacts
Capex0.7 - 0.9Reflects 2 months of Pioneer capex
Other Considerations:
EM Avg. Shares Outstanding (million)~4,250Includes shares issued for Pioneer less shares repurchased under the announced buyback program

1 Pioneer production attributable to ExxonMobil results is expected to be ~46 - 48 MOEB for the period May 3, 2024 to June 30, 2024. References to average daily production will be based on the impact to the full quarter, and do not represent the actual daily production at the end of the period.



























2


Outlooks, estimates, projections, and other statements of future financial impacts of certain factors as provided in this publication are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Actual future impacts of these certain factors for 2Q 2024 may vary from our estimates for a number of reasons, including additional unidentified factors related to: sales volume and sales mix numbers; supply and demand imbalances including as a result of direct or indirect restrictions on production; regional pricing differentials and refining and chemical margins; seasonal impacts on product demand and operating expenses; resolution of trading and derivative positions for the quarter; increases in integration benefits or costs of new start-ups or acquisitions; global and regional hostilities, including border disputes, nationalizations, war, terrorism, or civil unrest and its impact on markets and our assets around the world; price impacts and the broader government responses to inflationary pressures; changes in interest and exchange rates; supply chain disruptions; planned cash and operating expense reductions; total capital expenditures and mix; maintenance costs and incidents; production shut-ins and mix; financing costs; the resolution of any contingencies and uncertain tax positions; environmental expenditures; impact of fiscal, contractual, and commercial terms applicable to the quarter; the outcome of commercial negotiations related to the quarter; the timing and regulatory approval of any acquisitions or divestments; regional differences for product demand; changes in consumer behavior including the impact of inflation and/or recession; actions by governments or independent administrative bureaucracies to increase our costs, decrease our ability to produce or replenish reserves, prohibit the export or sale of our products, or prevent the expansion of our low carbon solutions businesses; changes in asset valuation or estimates of fair value as of a certain date; updates or corrections of any estimate used herein; and other market conditions in the oil, natural gas, petroleum, and petrochemical industries. Furthermore, additional factors may exist that will be relevant to 2Q 2024 results that are not currently known or fully understood, including our participation in joint ventures or developments operated by third parties and other factors cited in Item 1A. Risk Factors of our most recent Annual and Quarterly Reports available on the Investors page of our website at www.exxonmobil.com. All forward-looking statements and the assumptions in this filing speak only as of the date hereof. We do not assume or undertake any obligation to update these forward-looking statements or assumptions as of any future date. Any future update or expansion of the forward-looking statements in this filing will be provided only through a public disclosure indicating that fact.

Earnings (loss) excluding Identified Items, are earnings (loss) excluding individually significant non-operational events with, typically, an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings (loss) impact of an Identified Item for an individual segment in a given quarter may be less than $250 million when the item impacts several segments or several periods. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The Corporation believes this view provides investors increased transparency into business results and trends, and provides investors with a view of the business as seen through the eyes of management. Earnings (loss) excluding Identified Items is not meant to be viewed in isolation or as a substitute for net income (loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP.

In accordance with Regulation FD, we are hereby providing notice the Company currently intends to furnish its 2Q 2024 financial results both (1) by posting them on our website at www.exxonmobil.com and (2) in a filing on Form 8-K in the Securities and Exchange Commission EDGAR system, each at approximately 5:30 a.m. CT Friday, August 2, 2024. In the event the EDGAR system experiences technical difficulties or the Company is unable to successfully complete its 8-K filing at the intended time, investors and the public should look for this information at that time on our website. In case of a failed filing, the Company intends to furnish the information on EDGAR as soon as possible after 5:30 a.m. CT Friday, August 2, 2024.
3
v3.24.2
Document and Entity Information Document
Jul. 08, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Jul. 08, 2024
Entity Registrant Name Exxon Mobil Corporation
Entity Incorporation, State or Country Code NJ
Entity File Number 1-2256
Entity Tax Identification Number 13-5409005
Entity Address, Address Line One 22777 Springwoods Village Parkway
Entity Address, City or Town Spring
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77389-1425
City Area Code 972
Local Phone Number 940-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000034088
Amendment Flag false
Common Stock, without par value  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock, without par value
Trading Symbol XOM
Security Exchange Name NYSE
0.524% Notes due 2028  
Entity Information [Line Items]  
Title of 12(b) Security 0.524% Notes due 2028
Trading Symbol XOM28
Security Exchange Name NYSE
0.835% Notes due 2032  
Entity Information [Line Items]  
Title of 12(b) Security 0.835% Notes due 2032
Trading Symbol XOM32
Security Exchange Name NYSE
1.408% Notes due 2039  
Entity Information [Line Items]  
Title of 12(b) Security 1.408% Notes due 2039
Trading Symbol XOM39A
Security Exchange Name NYSE
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