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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Our Exxonmobiil, Downstream, and Chemical businesses work together to create additional value by sharing knowledge, technology, expertise, and best practices across business lines. Ratio of current assets to current liabilities times. At year-endthe number of securities to be issued upon exercise of outstanding options under XTO Energy Inc. 100k year-endapproximately 6. Crude bitumen production is equal to crude bitumen in mined oil sands multiplied by the average extraction recovery and the appropriate conversion factor.
Capital employed is a measure of net investment.
The terms of the PSCs are generally 30 years, including a ten-year exploration period an initial exploration phase plus one or two optional periods covered by an OPL. We have a wide array of research programs designed to meet the needs identified in each of our business segments.
Prices for these commodities are Actual future results, including project completion dates, production rates, capital expenditures, costs and business plans could differ materially due to, among other things, the factors discussed above and elsewhere in this report.
Years Ended December 31. The fair values of these obligations are recorded as liabilities on a discounted basis.
Exxon Mobil Corp
Risk Factors, proposed carbon policy Oil and Gas Operations: Excluding these impacts, total oil-equivalent production increased by 1 percent. Oil, gas and coal are expected to remain the predominant energy sources with approximately 80 percent share of total energy. ExxonMobil maintains a website at exxonmobil. Exploration and production activities are governed by a production sharing agreement negotiated with the Republic of Kazakhstan.
Exxon Mobil Corporation
The principal parameters used to Exxonmobol number of countries limit access to their oil and gas resources, or may place resources off-limits from development altogether. A percent relinquishment is required after each exploration period.
Reference is made to the following in the Financial Section of this report: This collaboration leads to:. Payments have not had a materially adverse effect on operations or financial condition.
Estimates of synthetic crude oil reserves are based on detailed geological and engineering assessments of in-place crude bitumen volume, the mining plan, extraction recovery and upgrading yield factors, installed plant operating capacity and operating approval limits. Downstream and Chemical operations primarily use the local currency. Cross-functional sharing enables our project management professionals to influence and learn from large, complex projects, while strengthening our capabilities and providing flexibility for support of future activities.
The volumes of crude oil and natural gas liquids NGL production used for this computation are shown in the oil and gas production table in section 3. Examples include long-term, noncancelable LNG and natural gas purchase commitments and commitments to purchase refinery products at market prices. Where probable reserves exist, an appropriately risk-adjusted amount of these reserves may be included in the impairment evaluation.
Lack of legal certainty exposes our operations to increased risk of adverse or unpredictable actions by government officials, and also makes it more difficult for us to enforce our contracts. Officers are generally elected by the Board of Directors at its meeting on the day of each annual election of directors, with each such officer serving until a successor has been elected and qualified.
Among other factors, we must continuously improve our ability to identify the most promising resource prospects and apply our project management expertise to bring discovered resources on line as scheduled and within budget.
Our future results may depend in part on the success of our research efforts and on our ability to adapt and apply the strengths of our current business model to providing the competitive energy products of the future. The numbers of wells operated at year-end were 16, gross wells and 13, net wells. The project construction phase commences with the development of the detailed engineering design and ends when the constructed assets are ready for their intended use.
We also leverage our global knowledge and expertise to inform investment decisions in each business line.
However, the development time for large and complex projects can exceed five years. Income applicable to minority and preferred interests. Corporate and financing expenses were In addition to external economic and political factors, our future business results also depend on exxomobil ability to manage successfully those factors that are at least in part within our control.
Following a brief production period in1k operations were suspended due to a leak discovered in the onshore section of the gas pipeline. Development and production activities in the state-owned oil and gas fields are governed by contracts with regional oil companies of the Iraq Ministry of Oil.
However, the Corporation operates its business with the same view of equity company reserves as it has for reserves from consolidated subsidiaries. Project construction activity for the co-venturer operated Gorgon liquefied natural gas LNG project progressed in Cumulative effect of accounting change. At year-endExxonMobil had 4. 10j 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.
In some cases, the Corporation designates derivatives as fair value hedges, in which case the gains and losses are offset in income by the gains and losses arising from changes in the fair value of the underlying hedged items. Management judgment is required related Although the Corporation is reasonably certain that proved reserves will be produced, the timing and amount recovered can be affected by a number of factors including completion of development projects, reservoir performance, regulatory approvals and significant changes in projections of long-term oil and gas price levels.
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The number of regular employees was The first is the initial development of the giant offshore Kashagan field which is included in the North Caspian Production Sharing Agreement in which ExxonMobil participates. Specific factors that can affect the performance of major projects include our ability to: Statement of Cash Flows. In ExonmobilChad enacted a new Petroleum Code which would govern new acquisitions.