Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Exxon Mobil Corp (XOM) using our online tools to quickly. Get SEC filings for Exxon Mobil Corp (XOM), including Annual Report (10k) and Quarterly Report (10Q). Exxon Mobil Corporation was incorporated in the State of New Jersey in Our annual report on Form K, quarterly reports on Form Q, current.
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Net income per common share – assuming dilution.
Our ongoing commitment to innovation, along with our proprietary technologies, exxobmobil a unique competitive advantage that:.
This results in significant cost savings and lowers our environmental impact. Liquids represented 57 percent of the reserves, up from 53 percent in For cash flow hedges, the Sarah Loh Cat light ends contact engineer, Baton Rouge refinery. The production period for crude oil is 30 years while the production period for gas exxonmobio 50 years. Exploration and production activities are governed by production sharing contracts PSCs negotiated with the national oil company.
Total gross and net wells drilling. Among renewable energy sources, wind, solar 1k biofuels are anticipated to grow rapidly at about 9 percent per year, reflecting government subsidies and mandates.
These purchases were to reduce the number of shares outstanding and to offset shares issued in conjunction with company benefit plans and programs.
Restrictions on doing business. The exxonmobkl 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 by political and legal factors including: These commitments were primarily associated with Upstream projects outside the U.
Potential investment opportunities are tested over a wide range of economic scenarios to establish the resiliency of each opportunity. Inwe added nearlynet acres to our position through a series of acquisitions and acreage trades, bringing our exxonmoil Permian resource base to more than 9 billion oil-equivalent barrels.
Exxon Mobil Corp
ExxonMobil is committed to doing our part. The Sakhalin-1 Chayvo Expansion and Arkutun-Dagi projects were both funded inand project activities are under way. Ratio of current assets to current liabilities times. Litigation and Other Contingencies. Production costs are expensed as incurred. Petroleum Prospecting licenses are granted for an initial term of six years with a five-year extension possible an additional extension of three years is possible in certain circumstances.
Projects are in progress or planned to increase production capacity. Demand for liquid fuels is expected to grow at 1. Partial relinquishment is required under the PSC at the end of the ten-year exploration period, and OMLs have a year production period that may be extended.
The Jannah production sharing agreement has a development period extending 20 years from first commercial declaration, which was made in June Firm capital commitments 8. Account Information Already have an account? Gulf Coast chemical facilities — growth supported by the integration with our rapidly growing production in the Permian. The Corporation competes with other firms in the sale or purchase of needed goods and services in many national and international markets and employs all methods of competition which are lawful and appropriate for such purposes.
These events or conditions are generally not predictable and include, among other things: Operations using the U. The estimation of proved reserves is controlled by the Corporation through long-standing approval guidelines.
All other items exxoonmobil earnings Licenses issued prior to were for an initial period of six years and an extension period of 40 years, with relinquishment of at least one-fourth of the original area required at the end of the sixth year and another one-fourth at the end of the ninth year.
Vice President and General Counsel Some countries 10o which we do business lack well-developed legal systems, or have not yet adopted clear regulatory frameworks for oil and gas development.
Note 12 summarizes the fair value of derivatives outstanding at year end and the gains or losses that have been recognized in net income. Operations, Plant and Equipment. Diluent is natural gas condensate or other light hydrocarbons added to the crude bitumen to facilitate transportation by pipeline and rail.
Under the Non-Employee Director Cumulative effect of accounting change.
Exxon Mobil Corp(XOM) Annual Report (10K) Quarterly Report (10Q)
It is the ratio of actual volumes produced to total proved developed reserves those proved reserves recoverable through existing wells with existing equipment and operating exxinmobilapplied to the asset cost. Foreign exchange translation adjustment. Exploration expenses, including dry holes. Losses on properties sold are recognized when incurred or when the properties are held 1k sale and the fair value of the properties is less than the carrying value.
The occurrence of recessions or other periods of low or negative economic growth will typically have a direct adverse impact 100k our results. In our Baytown manufacturing complex, lubricants and chemicals integration contributes more than 70 percent of earnings.
Governments and others are also promoting research into new technologies to reduce the cost and increase the scalability of alternative energy sources. A hydrocracking unit in Rotterdam.
Drilling and Other Exploratory and Development Activities. While exxonmovil revisions the Corporation has made in the past are an indicator of variability, they have had a very small impact on the unit-of-production rates because they have been small compared to the large reserves base.
Exxon Mobil Corp (XOM) 10K Annual Reports & 10Q SEC Filings | Last10K
For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income. Generally Accepted Accounting Principles GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities.
The valuation allowances are reviewed at least annually. Exploration and production activities are governed by production sharing contracts negotiated with the State Ministry of Mines, Industry and Energy. Additions from liquids-rich unconventional esxonmobil in the United States, mainly in the Permian Basin, totaled approximately million oil-equivalent barrels.