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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Pension assumptions are reviewed annually by outside actuaries and senior management. These risk factors include: Earnings outside the U. The total production period is 15 to 25 years from first commercial lifting, not to exceed the overall term of the contract. While on the Board, each non-employee director receives the same cash dividends on restricted shares as a holder of regular common stock, but the director is not allowed to sell the shares.
The Corporation believes that this approach is inconsistent with the long-term nature of the upstream business where production from individual projects often spans multiple decades.
ExxonMobil also enters into natural gas sales contracts where the source of the natural gas used to fulfill the contract can be a combination of our own production and the spot market. However, the development time for large and complex projects can exceed five years.
Committed to innovation, growth, integration, and efficiency.
Fergus gas processing facilities refurbishment. Similarly, increases in industry refining or petrochemical manufacturing capacity tend to reduce margins on the affected products. Existing production operations have a year production period that commenced in The Corporation selects the functional reporting currency for its international subsidiaries based on the currency of the primary economic environment in which each subsidiary operates.
ExxonMobil has exxonmbil dedicated Global Reserves group that provides technical oversight and is separate from the operating organization. Exxxonmobil Coast refineries and chemical plants. Retention leases may be granted for resources that are not commercially viable at the time of application, but are expected to become commercially viable within 15 years.
ExxonMobil has interests in production sharing contracts covering 0. North American refineries also benefited Capital employed exxonmobll a measure of net investment.
Exxon Mobil Corporation –
In accordance with the approved mining plan, there are extractable oil sands in the North and Aurora mines, with average bitumen grades of Management views the Corporations financial Decline rates can vary widely by individual field due to a number of factors, including, but not limited to, the type of reservoir, fluid properties, recovery mechanisms, and age of the field.
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 natural gas price levels. A total of 4. These enhancements to our complex enable us to better serve the major growth market in the Asia Pacific region.
Log in here Username. Kearl is comprised of six oil sands leases covering about 49 thousand acres in the Athabasca oil sands deposit.
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Key features of the reserves estimation process include: The benefits of uncertain tax Development projects typically take several years from the time of recording proved undeveloped reserves to the start of production. Minimum commitments for operating leases, shown on 1k0 undiscounted basis, cover drilling equipment, tankers, service stations and other properties.
A safe company is a well-run company. Production and manufacturing expenses. Cash flows from investing activities. To date, discussions with Venezuelan authorities have not resulted in an agreement on the amount of compensation to be paid to ExxonMobil.
Provides access to multiple discovered fields and additional exploration acreage in Papua Exxonmobi, Guinea. Pension and Other Postretirement Benefits note 16 provides details on pension obligations, fund assets and pension expense. The deepwater Julia project and the non-operated Heidelberg project started up in The occurrence of recessions or other periods of low or negative economic growth will typically have a direct adverse impact on our results.
We successfully applied this on discoveries in the Black Sea and offshore Guyana. The total production term is 25 years with a ten-year extension possible, once a field has been developed.
Table of Contents Index to Financial Statements initial period of up to ten years and a normal extension period of up to exxojmobil years or in special cases of up to 50 years, and with relinquishment of at least one-half of the original area required 10j the end of the initial period.
However, actual volumes will vary from year to year due to the timing of individual project start-ups; operational outages; reservoir performance; performance of enhanced oil recovery projects; regulatory changes; the impact of fiscal and commercial terms; asset sales; weather events; price effects on production sharing contracts; changes in the amount and timing of capital investments that may vary depending on the oil and gas price environment; and other factors described in Item 1A.
Management selects the functional currency after evaluating this economic environment. Due to concern over the risk of climate change, a number of countries have adopted, or are considering the adoption of, regulatory frameworks to reduce greenhouse gas emissions.
Even in countries with well-developed legal systems where ExxonMobil does business, we remain exposed to changes in law including changes that result from international treaties and accords that could adversely affect our results, such as increases in taxes or government royalty rates including retroactive claims ; price controls; changes in environmental regulations or other laws that increase our cost of compliance or reduce or delay available business opportunities including changes in laws related to offshore drilling operations, water use, or hydraulic.
Cumulative effect of accounting change, net of income tax. We have interest in 17 LNG trains around the exoxnmobil, with net interest capacity of 22 million tonnes annually. At year-endExxonMobil had 1. Oil, gas, petrochemical and product prices and margins in turn depend on local, regional and global events or conditions that affect supply and demand for the relevant commodity.