EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

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Algemeen advies 01/02/2010 14:54
Fourth Quarter Twelve Months
2009 2008 % 2009 2008 %
Earnings Excluding Special Items
$ Millions 6,050 7,820 -23 19,420 44,060 -56
$ Per Common Share
Assuming Dilution 1 1.27 1.54 -18 4.01 8.44 -52
Special Items
$ Millions 0 0 (140) 1,160
Earnings 1
$ Millions 6,050 7,820 -23 19,280 45,220 -57
$ Per Common Share
Assuming Dilution 1 1.27 1.54 -18 3.98 8.66 -54
Capital and Exploration
Expenditures - $ Millions 8,263 6,829 21 27,092 26,143 4
1 See page 8 for a discussion of accounting guidance adopted effective January 1, 2009.

EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:
“Despite continuing difficult global economic conditions, ExxonMobil delivered strong business results and built on our long-term focus. Our full year 2009 earnings excluding special items were $19,420 million despite significantly lower commodity prices and weak product margins.
Our financial strength provided us with the foundation to continue investing in new energy supplies to help meet global energy demand and to fuel economic growth. Capital and exploration spending was $27.1 billion in 2009, another record year, and in line with our longer term plan.
Underscoring our commitment to creating sustainable, long-term value, ExxonMobil and XTO Energy announced a $41 billion agreement in the fourth quarter 2009 that will enhance ExxonMobil’s position in the development of unconventional resources.
ExxonMobil and XTO resources will combine to provide numerous opportunities to
supply new affordable and reliable energy resources on a global basis.
In addition to our robust investment program, we distributed a total of $26 billion to shareholders in 2009 through dividends and share purchases to reduce shares outstanding. This reflects a 7% increase in annual per share dividends and an overall reduction in shares outstanding of 5% and reaffirms our commitment to creating value for shareholders.
ExxonMobil’s fourth quarter earnings excluding special items were $6,050 million, a decrease of 23% from the fourth quarter of 2008. Lower refining and fuels margins and lower natural gas realizations were partly offset by higher crude oil realizations.”

FOURTH QUARTER HIGHLIGHTS
• Earnings were $6,050 million, a decrease of 23% or $1,770 million from the fourth quarter of 2008.
• Earnings per share were $1.27, a decrease of 18%.
• Capital and exploration expenditures were $8.3 billion, up 21% from the fourth quarter of 2008.
• Oil-equivalent production increased nearly 2% from the fourth quarter of 2008. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up over 3%.
• Cash flow from operations and asset sales was $8.9 billion, including asset sales of $0.3 billion.
• Share purchases to reduce shares outstanding were $2.0 billion.
• Exxon Mobil Corporation and XTO Energy Inc. announced an all-stock transaction valued at $41 billion. The agreement, subject to regulatory clearance and XTO shareholder approval, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources and enhance our ability to create sustainable, long-term value. XTO has a diverse resource base equivalent to 45 trillion cubic feet of gas which includes shale gas, tight gas, coal bed methane and shale oil and possesses extensive
unconventional technical capabilities and operating expertise.
• Project participants agreed to proceed with development of the Papua New Guinea (PNG) liquefied natural gas (LNG) project. The PNG LNG project will include gas production and processing facilities, onshore and offshore pipelines, and liquefaction facilities with capacity of 6.6 million tons per year.
• Exxon Mobil Corporation and Qatar Petroleum agreed to develop a world-scale
petrochemical complex in Ras Laffan Industrial City, Qatar. The complex will include a 1.6 million ton-per-year steam cracker, two 650 thousand ton-per-year polyethylene plants, and a 700 thousand ton-per-year ethylene glycol facility. The plant is expected to start up in late 2015.

see more on
http://www.exxonmobil.com/Corporate/Files/news_release_earnings4q09.pdf



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