Exxon Mobil Corporation (XOM) - Financial and Strategic Analysis Review

Reference Code: GDGE1203FSA 5959 Las Colinas Boulevard Irving, TX 75039 United States Phone Fax Website Exchange +1 972 4441000 +1 972 4441348 www.exxonmobil.com XOM [New York Stock Exchange] Revenue Net Profit Employees Industry Publication Date: OCT 2010 310,586 (million USD) 19,280 (million USD) 80,700 Energy and Utilities

Company Overview
Exxon Mobil Corporation (ExxonMobil) is an integrated oil and gas company. The company is engaged in exploration and production of oil and gas; refining, transportation and marketing of oil and natural gas; and manufacture and sale of petroleum products. ExxonMobil is also involved in the commodity petrochemicals and holds interests in electricity generation facilities. It operates in more than 200 countries across the globe with a number of brand names including ExxonMobil, Exxon, Esso and Mobil. The company is headquartered in Irving, the US.

Key Executives
Name Rex W. Tillerson Donald D. Humphreys Michael J. Boskin William W. George Kenneth C. Frazier Chairman Treasurer Director Director Director Title

SWOT Analysis
Exxon Mobil Corporation, SWOT Analysis Strengths Weaknesses Integrated Refining and Chemical Operations Wide Geographic Spread Declining Market Share in Sector Low Focus on Profitability

Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData

Share Data
Exxon Mobil Corporation Share Price (USD) as on 06-Oct-2010 EPS (USD) Market Cap (million USD) Enterprise Value (million USD) Shares Outstanding (million) 63.90 3.98 325,570 337,945 5,092

Opportunities Demand for Hydrocarbons in the Long Run Expansion through Inorganic Growth

Threats Natural Disasters Downturn in the Refining Sector

Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData

Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData

Financial Performance

Recent Developments
Oct 05, 2010 Oct 01, 2010 Sep 29, 2010 BAM Clough Receives Additional LoI For PNG LNG Jetty Topsides Bapco Receives Bids For LNG Terminal In Bahrain ExxonMobil Announces Odoptu Production Startup At Sakhalin-1 Project In Russia Leighton To Deliver Civil And Underground Works For Gorgon Project ExxonMobil Awards MZST License To Calfrac Well Services

Sep 23, 2010 Sep 21, 2010
Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData

Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData

Exxon Mobil Corporation (XOM) - Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.com

Reference Code: GDGE1203FSA Page 1

Table of Contents
Table of Contents........................................................................................................................................................................................................... 2 List of Tables .................................................................................................................................................................................................................. 4 List of Figures................................................................................................................................................................................................................. 4 Section 1 - About the Company ..................................................................................................................................................................................... 5 Exxon Mobil Corporation - Key Facts............................................................................................................................................................................. 5 Exxon Mobil Corporation - Key Employees.................................................................................................................................................................... 6 Exxon Mobil Corporation - Key Employee Biographies ................................................................................................................................................. 7 Exxon Mobil Corporation - Major Products and Services............................................................................................................................................... 8 Exxon Mobil Corporation - History ............................................................................................................................................................................... 10 Exxon Mobil Corporation - Company Statement.......................................................................................................................................................... 13 Exxon Mobil Corporation - Locations And Subsidiaries ............................................................................................................................................... 15 Head Office............................................................................................................................................................................................................ 15 Other Locations & Subsidiaries ............................................................................................................................................................................. 15 Section 2 – Company Analysis .................................................................................................................................................................................... 23 Exxon Mobil Corporation - Business Description ......................................................................................................................................................... 23 Business Description - Chemical ........................................................................................................................................................................... 23 Chemical - Overview ....................................................................................................................................................................................... 23 Chemical - Production..................................................................................................................................................................................... 23 Chemical - Financials...................................................................................................................................................................................... 23 Chemical - Capital Expenditure....................................................................................................................................................................... 23 Chemical - Market View .................................................................................................................................................................................. 23 Chemical - Key Strategies............................................................................................................................................................................... 23 Business Description - Downstream...................................................................................................................................................................... 24 Downstream - Overview.................................................................................................................................................................................. 24 Downstream - Production................................................................................................................................................................................ 24 Downstream - Financials................................................................................................................................................................................. 24 Downstream - Capital Expenditure ................................................................................................................................................................. 24 Downstream - Market View ............................................................................................................................................................................. 24 Downstream - Key Strategies ......................................................................................................................................................................... 25 Business Description - Upstream .......................................................................................................................................................................... 25 Upstream - Overview ...................................................................................................................................................................................... 25 Upstream - Production .................................................................................................................................................................................... 25 Upstream - Financials ..................................................................................................................................................................................... 25 Upstream - Capital Expenditure ...................................................................................................................................................................... 25 Upstream - Market View.................................................................................................................................................................................. 26 Upstream - Key Strategies .............................................................................................................................................................................. 26 Exxon Mobil Corporation - SWOT Analysis ................................................................................................................................................................. 27 SWOT Analysis - Overview ................................................................................................................................................................................... 27 Exxon Mobil Corporation - Strengths..................................................................................................................................................................... 27 Strength - Integrated Refining and Chemical Operations ............................................................................................................................... 27 Strength - Wide Geographic Spread ............................................................................................................................................................... 27 Strength - Extensive Research & Development Activities............................................................................................................................... 27 Strength - Cogeneration Facilities................................................................................................................................................................... 27 Exxon Mobil Corporation - Weaknesses................................................................................................................................................................ 28 Weakness - Declining Market Share in Sector................................................................................................................................................ 28 Weakness - Low Focus on Profitability ........................................................................................................................................................... 28 Weakness - Limited Liquidity Position............................................................................................................................................................. 28

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Reference Code: GDGE1203FSA Page 2

Weakness - Declining Reserves ..................................................................................................................................................................... 28 Weakness - Increasing Production Costs ....................................................................................................................................................... 28 Exxon Mobil Corporation - Opportunities............................................................................................................................................................... 28 Opportunity - Demand for Hydrocarbons in the Long Run.............................................................................................................................. 28 Opportunity - Expansion through Inorganic Growth ........................................................................................................................................ 29 Opportunity - Deep Offshore- Growth Area for the Long Term ....................................................................................................................... 29 Opportunity - Opportunities in Unconventional Energy Sources..................................................................................................................... 29 Exxon Mobil Corporation - Threats ........................................................................................................................................................................ 29 Threat - Natural Disasters ............................................................................................................................................................................... 29 Threat - Downturn in the Refining Sector........................................................................................................................................................ 29 Threat - US Energy Policy............................................................................................................................................................................... 29 Threat - Threat to Oil Sand Industry................................................................................................................................................................ 30 Threat - Rising Capital Costs in the Refining Sector....................................................................................................................................... 30 Exxon Mobil Corporation - Key Competitors ................................................................................................................................................................ 31 Section 3 – Company Financial Ratios ........................................................................................................................................................................ 32 Financial Ratios - Capital Market Ratios................................................................................................................................................................ 32 Financial Ratios - Annual Ratios............................................................................................................................................................................ 32 Performance Chart ................................................................................................................................................................................................ 34 Financial Performance........................................................................................................................................................................................... 34 Financial Ratios - Interim Ratios............................................................................................................................................................................ 35 Financial Ratios - Ratio Charts .............................................................................................................................................................................. 36 Section 4 – Company’s Recent Developments............................................................................................................................................................ 37 Oct 05, 2010: BAM Clough Receives Additional LoI For PNG LNG Jetty Topsides ....................................................................................... 37 Oct 01, 2010: Bapco Receives Bids For LNG Terminal In Bahrain ................................................................................................................ 37 Sep 29, 2010: ExxonMobil Announces Odoptu Production Startup At Sakhalin-1 Project In Russia............................................................. 37 Sep 23, 2010: Leighton To Deliver Civil And Underground Works For Gorgon Project.................................................................................. 38 Sep 21, 2010: ExxonMobil Awards MZST License To Calfrac Well Services................................................................................................. 38 Sep 20, 2010: ExxonMobil Announces Equipment For Industry Use Through MWCC .................................................................................. 39 Sep 16, 2010: ExxonMobils's Deepwater Exploration Well Commercially Not Viable .................................................................................... 39 Sep 14, 2010: MMA Secures Gorgon Fuel Transportation Contract .............................................................................................................. 39 Sep 02, 2010: CCJV Wins AUD250 Million Work Order For LNG Upstream Infrastructure In Papua New Guinea ....................................... 40 Sep 01, 2010: WorleyParsons Receives Contract From ExxonMobil For Hebron Project In Canada ............................................................ 40 Section 5 – Appendix ................................................................................................................................................................................................... 41 Methodology .......................................................................................................................................................................................................... 41 Ratio Definitions..................................................................................................................................................................................................... 41 About GlobalData .................................................................................................................................................................................................. 45 Contact Us ............................................................................................................................................................................................................. 45 Disclaimer .............................................................................................................................................................................................................. 45

Exxon Mobil Corporation (XOM) - Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.com

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List of Tables
Exxon Mobil Corporation, Key Facts ............................................................................................................................................................................. 5 Exxon Mobil Corporation, Key Employees .................................................................................................................................................................... 6 Exxon Mobil Corporation, Key Employee Biographies.................................................................................................................................................. 7 Exxon Mobil Corporation, Major Products and Services ............................................................................................................................................... 8 Exxon Mobil Corporation, History................................................................................................................................................................................ 10 Exxon Mobil Corporation, Other Locations ................................................................................................................................................................. 15 Exxon Mobil Corporation, Subsidiaries ....................................................................................................................................................................... 16 Exxon Mobil Corporation, Key Competitors ................................................................................................................................................................ 31 Exxon Mobil Corporation, Ratios based on current share price.................................................................................................................................. 32 Exxon Mobil Corporation, Annual Ratios..................................................................................................................................................................... 32 Exxon Mobil Corporation, Interim Ratios..................................................................................................................................................................... 35 Currency Codes .......................................................................................................................................................................................................... 41 Capital Market Ratios .................................................................................................................................................................................................. 41 Equity Ratios ............................................................................................................................................................................................................... 42 Profitability Ratios........................................................................................................................................................................................................ 42 Cost Ratios.................................................................................................................................................................................................................. 43 Liquidity Ratios ............................................................................................................................................................................................................ 43 Leverage Ratios .......................................................................................................................................................................................................... 44 Efficiency Ratios.......................................................................................................................................................................................................... 44

List of Figures
Exxon Mobil Corporation, Performance Chart (2005 - 2009) ...................................................................................................................................... 34 Exxon Mobil Corporation, Ratio Charts ....................................................................................................................................................................... 36

Exxon Mobil Corporation (XOM) - Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.com

Reference Code: GDGE1203FSA Page 4

com Reference Code: GDGE1203FSA Page 5 . Sweden. Chad. Denmark. Belgium. New Zealand. Spain. Canada. Norway. 75039. Luxembourg.586 Telephone Fax URL Industry Locations No. Key Facts Corporate Address 5959 Las Colinas Boulevard. Portugal. Netherlands. Kuwait. United Kingdom. Exchange XOM [New York Stock Exchange] 80. Irving.Section 1 . Ireland. Indonesia. Thailand. Germany. Italy. United States Ticker Symbol. India. Japan. United States +1 972 4441000 +1 972 4441348 www. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) . Malaysia. Colombia. Finland.exxonmobil. Austria. Egypt. France. Company Website. China.Financial and Strategic Analysis Review Source : www.com Chemicals. Poland. Singapore. Mexico. Energy and Utilities Australia. TX. Brazil. Switzerland.About the Company Exxon Mobil Corporation . Russian Federation. Turkey. Cameroon.Key Facts Exxon Mobil Corporation. Republic of Korea.700 December 310.globalcompanyintelligence. Ukraine. of Employees Fiscal Year End Revenue (in USD Million) Source: Annual Report.

Shipley Mark W. ExxonMobil Foundation Vice President Senior Management Senior Management Senior Management Senior Management Senior Management 2008 2009 2007 2010 2010 58 53 55 53 Source: Annual Report. J. Glass. Boskin William W. Palmisano Steven S Reinemund Larry R. Kelly Richard Michael Kruger Andrew P. R. Pryor Patrick T. Rosenthal Thomas R. McCarron S. Duffin Suzanne M. Cramer Stephen D. Walters Neil W. Colton T.globalcompanyintelligence. Humphreys Michael J. Mulva S. Tillerson Donald D. Senior Management ExxonMobil Upstream Ventures Vice President. Alan. Company Website.Key Employees Exxon Mobil Corporation. Vice President. Balagia Job Title Chairman. J. Faulkner Edward E. Swiger Michael J. Key Employees Name Rex W. Vice President Vice President Vice President Vice President Senior Vice President Senior Vice President Vice President. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) . Whitacre Walter V. ExxonMobil Development Company President. Dolan William M. George Kenneth C.Exxon Mobil Corporation . Franklin David S.S. Senior Vice President Director Director Director Director Director Director Director Director Director Director Senior Vice President Vice President Vice President Controller. Jr. Chief Executive Officer Treasurer. Corporate Strategic Planning Vice President.M. J. Investor Relations and Secretary Vice President President. Fariello R. Frazier Reatha Clark King Marilyn Carlson Nelson Samuel J.Financial and Strategic Analysis Review Source : www. Albers H.com Reference Code: GDGE1203FSA Page 6 . Washington Office Board Level Executive Board Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Non Executive Board Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management Senior Management 2007 1999 2004 2004 2008 2007 2008 2009 2006 53 59 60 58 62 52 50 53 62 1997 1991 2008 2007 2008 2008 71 70 58 59 65 68 Since 2006 2006 1996 2005 Age 58 62 64 67 President.

He also held many management positions in domestic and foreign operations since he joined the company in 1975. Exxon Ventures (CIS) Inc. He was the Senior Vice President of the company during 2001-2004. Tillerson has been the Chairman and the Chief Executive Officer of Exxon Mobil since 2006.com Reference Code: GDGE1203FSA Page 7 .Financial and Strategic Analysis Review Source : www. the Vice President. Exxon Yemen Inc. Exxon Neftegas Limited and the Executive Vice President. and Esso Exploration and Production Khorat Inc. Source: Annual Report. Company Website. including those of the President.Key Employee Biographies Exxon Mobil Corporation.globalcompanyintelligence. the President. Tillerson Job Title: Chairman. Chief Executive Officer Board Level: Executive Board Since: 2006 Age: 58 Mr.Exxon Mobil Corporation .. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .. Key Employee Biographies Rex W. Exxon Mobil Development Company.

com Reference Code: GDGE1203FSA Page 8 . It also operates the petrochemicals and power generation businesses.Exxon Mobil Corporation . production. refining and marketing of oil and gas.Major Products and Services Exxon Mobil is involved in the exploration. Exxon Mobil Corporation. Major Products and Services Products: Crude oil Natural gas Electricity Refined products: Gasoline Diesel Aviation turbine fuel Furnace oil Bitumen Other petroleum products Lubricants Petroleum specialties Chemicals: Aliphatic fluids Aromatic fluids Olefins Synthetic fluids and lubricants Higher alcohols Plasticizers Oxygenated fluids Neo acids Polymers: Butyl polymers EPDM rubber Specialty elastomers Santoprene TPEs Polyethylene Olefins Polypropylene Plastomers Exxon Mobil Corporation (XOM) .Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.

Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .Financial and Strategic Analysis Review Source : www.Hydrocarbon tackifier resins Styrenic block copolymers Functionalized polymers Polymer films: OPP films Services: Technical advisory services Service stations Convenience stores Brands: Exxon Esso Mobil Source: Annual Report.com Reference Code: GDGE1203FSA Page 9 . Company Website.globalcompanyintelligence.

have signed an agreement with Petrom SA to help explore deepwater portions of the Neptun Block offshore Romania. approved engineering. Exxon Mobil expanded its lubricants distribution network across Germany and Poland during February 2006.Nigeria renewed three oil leases involving joint ventures operated by the company.History Exxon Mobil Corporation.000 acres. This exploration program covers 387. The company also entered an 2009 Contracts/Agreements 2008 Contracts/Agreements 2008 Acquisitions/Mergers/Takeovers 2008 New Products/Services 2008 Contracts/Agreements 2007 Other 2007 Other 2007 Corporate Changes/Expansions 2006 Corporate Changes/Expansions 2006 Contracts/Agreements Exxon Mobil Corporation (XOM) . ExxonMobil Exploration and Production Romania Limited.globalcompanyintelligence. ExxonMobil Chemical Company Introduced a new product for Packaging and Agricultural Greenhouse Films with the Potential to Reduce Waste and Energy Consumption in 2008. In February 2007. petrochemicals and fuels marketing project with foreign participation in China. the compay's affiliate. a subsidiary of Exxon Mobil Corporation. In 2006. the company signed agreements with Abu Dhabi National Oil Company (ADNOC) in March 2006. Exxon Mobil completed the phase one of the Sakhalin1 project offshore Eastern Russia with affiliates of Rosneft.Exxon Mobil Corporation . Sinopec. In March. Esso Highlands Limited (Esso Highlands). In 2008. 2008. a subsidiary of ExxonMobil. The two joint ventures.com Reference Code: GDGE1203FSA Page 10 . The Chinese government granted the business licenses for their two joint ventures in Fujian Province. Exxon Mobil and Saudi Aramco received the government approval for the Fujian Refining and Ethylene Joint Venture Project. through which Exxon Mobil receives a 28% undivided interest out of ADNOC's exploration and production activities in the Upper Zakum oil field. An agreement reached on the terms of new leases that will run for a further 20 years with an option to renew. In Nov 2009. (MOL) announced an agreement to start a joint exploration program in blocks 106 and 107 in the Mako Trough. will be Exxon Mobil’s first fully integrated refining. ExxonMobil Exploration and Production Hungary Limited. The company signed an agreement with Petrom SA to help explore deepwater portions of the Neptun Block offshore Romania during December 2008. with a total investment of about $5 billion. MOL will retain the remaining 50% interest. RN-Astra and Sakhalinmorneftegas-Shelf. Sakhalin Oil and Gas Development Company and ONGC Videsh Limited. and MOL Hungarian Oil and Gas Plc. ExxonMobil will fund the work program and receive a 50% interest in the acreage upon completion. Fujian Province.Financial and Strategic Analysis Review Source : www. Southeast Hungary. procurement and construction contracts for the $15 billion Papua New Guinea liquefied natural gas project (LNG). On April 14. History 2009 Contracts/Agreements In dec 2009. Fujian Refining & Petrochemical Company Limited and Sinopec SenMei Petroleum Company Limited.

the company started production from the Erha deepwater development. The company sold its 3. Texas. the company entered into a five-year supply agreement with Caterpillar. In June 2006. Exxon Mobil Qatar GTL. ExxonMobil Middle East Gas Marketing Limited. a wholly owned subsidiary of the company signed the development plan and the launch of the Al Khaleej Gas-Phase Two (AKG-2) project with the State of Qatar and Qatar. Also. Exxon Mobil Chemical entered into an agreement with BP Chemicals in 2004. In July 2006. the government of the State of Qatar and an Exxon Mobil subsidiary. Mobil Pipe Line Company (MPLCO). Further.7% stake in China Petroleum and Chemical Corporation (Sinopec) in March 2005. The company introduced many new products during 2005 including motor oils and multi-purpose greases for the food-processing industry. the company completed the initial stage of the project. In Nigeria. India for upgrading the gasoline pool. to distribute Exxon Mobil’s commercial Vistalon Ethylene Propylene Diene Rubber . Exxon Mobil and Edison entered an agreement in May 2005 for developing a liquefied natural gas (LNG) terminal. an affiliated company. offshore the coast of Italy in the North Adriatic Sea. Exxon Mobil Chemical Company entered into a product distribution agreement with R T Vanderbilt in December 2005. In the same month. to supply Caterpillar oils to the Caterpillar factories and dealers worldwide. Gulf Coast during April 2006 through an 858-mile crude oil pipeline that runs from Patoka.agreement with P T Pertamina. ExxonMobil extended its technology partnership with Team McLaren Mercedes to supply the Formula 1 racing team with Mobil 1-branded motor oils and high-performance fuels.globalcompanyintelligence. located approximately 60 miles (97 kilometers) offshore Nigeria. to conduct exploration and production activities in Indonesia. With this. which was started in November 2005. India-based Reliance Petroleum Limited selected ExxonMobil Research and Engineering Company’s (EMRE) Sulfuric Acid Alkylation technology for the construction of their export refinery in Jamnagar.S. AKG-1. 2006 Other In 2006. Qatar Petroleum. it signed an agreement with Thailand's PTT Chemical Public Company Limited.Financial and Strategic Analysis Review Source : www. the company also announced its plans to convert its 71 Tiger market convenience stores in Nashville and Memphis to its flagship On the Run convenience store brand. Illinois to Nederland. In September 2005. (PTTChem). Exxon Mobil introduced new products in 2006. entered into a heads of agreement (HOA) for a gas-to-liquid (GTL) project worth 2006 New Products/Services 2006 Other 2006 Corporate Changes/Expansions 2006 Corporate Changes/Expansions 2005 Other 2005 Contracts/Agreements 2005 Contracts/Agreements 2005 Plans/Strategy 2004 Contracts/Agreements Exxon Mobil Corporation (XOM) . to acquire sales and marketing assets of the BP European Isopropyl Alcohol (IPA) business. commenced the delivery of Canadian crude to the U. for production of petrochemicals. including polypropylene for the automotive industry and turbine oils for Mitsubishi Heavy Industries (MHI) gas and steam turbines.EP(D) M products in North America. Exxon Mobil Chemical and Mitsubishi Chemical Corporation (MCC) agreed to terminate certain joint venture agreements for Mytex Polymers Asia Pacific Private Limited (Mytex AP) and Mytex Polymers Partnership (Mytex US).com Reference Code: GDGE1203FSA Page 11 . In 2005. In May 2006.

can be traced to the 1882. Exxon Mobil also received Euro 1. Company Website. when Mr. In 2003.S. West production organizations to improve business performance. following the successful testing of an exploration well (about 32 miles east of Bacton.globalcompanyintelligence. Mobil North Sea (MNSL).39 billion from the sale of its stake in the pipeline unit of Gasunie to the Dutch government. East and U. Rockefeller acquired various petroleum interests and organized them under the Standard Oil Trust. Exxon Mobil announced that its subsidiary.com Reference Code: GDGE1203FSA Page 12 . Exxon Mobil created a new business venture.about $7 billion. the company completed its $2 billion Sable Offshore Energy Project. EMTG in 2002. to expand the commercial product and service line of the company's Mobil Travel Guide series. made a gas discovery in the Southern sector of the North Sea. the company disposed its coal and mineral business to focus on its core operations. 2004 Corporate Changes/Expansions In 2004. 2003 New Products/Services 2003 Corporate Changes/Expansions 2002 Corporate Changes/Expansions 2000 Corporate Changes/Expansions 1999 1882 Incorporation/Establishment Incorporation/Establishment Source: Annual Report. the company strengthened its exploration and production activities in Angola and Columbia. During 2002. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) . U. In 2003. Standard Oil of New Jersey (Jersey Standard) and Standard Oil of New York (Socony). In 2000. the company launched its first synthetic blend motor oil for highmileage engines.). Canada.S.K. John D. located off the coast of Nova Scotia. Towards the end of 2003. the chief predecessor companies of Exxon and Mobil. the company consolidated its U. Exxon Mobil was formed in 1999 through the merger of Exxon and Mobil.Financial and Strategic Analysis Review Source : www.

to explore the development and commercialization of algae-based biofuels. we achieved best-ever lost time incident rates for our combined employee and contractor workforce. In 2009. ExxonMobil is engineering integrated solutions to help meet the world’s growing energy needs while managing emissions. Cash flow from operations and asset sales was $30 billion. ExxonMobil and XTO Energy announced an all-stock transaction that will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. more than $125 billion. and grow our Chemical business. our capital and exploration expenditures were $27 billion. These investments have led to several technological breakthroughs that enable us to map undersea reservoirs. Downstream. Tillerson. Over the past five years. In 2009. and increasing shareholder value. Through our dividends and share buybacks. Of course. Around the world. helping us to maximize the value of our assets and resources. increase production of higher-value refined products. we launched a multimillion dollar research initiative with Synthetic Genomics Inc. our leadership in 2009 has allowed us to return value to them. Energy is the lifeblood of modern economies. The statement has been taken from the company’s 2009 annual report. These projects not only deliver new supplies of crude oil and natural gas to the world. In our Downstream and Chemical businesses. Return on average capital employed (ROCE) was 16 percent. To Our Shareholders ExxonMobil’s 2009 results demonstrated again the strength of our business model and our ability to excel under even the most challenging economic conditions. drill horizontally under arctic oceans. Through these efforts and many others. and Chemical – continued to lead the industry worldwide in performance. Underpinning success across all of our businesses is our commitment to technology. improving operational efficiency.Financial and Strategic Analysis Review Source : www. which position us well for the future. Over the next five years. the Chairman and the Chief Executive Officer of ExxonMobil is given below. we have distributed a total of more than $150 billion to our shareholders. We have also worked with vehicle manufacturers to improve fuel economy through advanced plastics. We remain focused on operational excellence and the disciplined execution of our business strategies. to advance new technologies. For our shareholders. all three of our businesses – Upstream. the United Kingdom. We have invested more than $4 billion in research and development over the last five years. We confirmed once again that we are committed to a long-term vision of investing with discipline. Rex W. deliver new Upstream projects. We are confident that the combination of our complementary strengths will open new opportunities to meet growing global energy demand and build value for our shareholders. 2009 was a strong year. we have maintained our long-term strategic approach during the recent economic downturn. Another important measure of our long-term commitment to excellence is our industry-leading safety record. In 2009. but also provide significant value for resource owners and for our shareholders.globalcompanyintelligence. we will continue to invest record amounts. Our success and our innovations are driven by their Exxon Mobil Corporation (XOM) . In the midst of the global economic downturn of the past year. ExxonMobil continues to invest for the long term. and efficiently transport cleaner-burning natural gas to markets worldwide.Exxon Mobil Corporation . our Corporation distributed a total of $26 billion to our shareholders in 2009. none of our Corporation’s technological advances – or our industry-leading operational excellence – would be possible without the talented men and women of ExxonMobil. In 2009. In 2009. we continued to capture new efficiencies and benefit from our integration and operating flexibility.com Reference Code: GDGE1203FSA Page 13 . Earnings were $19 billion. secure in the belief that economic growth will return. Norway. and synthetic lubricants. we and our partners successfully started up China’s first integrated refining and petrochemical complex with foreign participation. we recorded zero spills from company owned and operated marine vessels and reduced Upstream hydrocarbon flaring by over 20 percent. in the growing Asia Pacific market. In 2009.For this reason. Together with our partners. and Qatar. Italy. new tire-lining technology. We continue to demonstrate our commitment to improving environmental performance and reducing environmental impacts.Company Statement A statement by Mr. For our Upstream business. we started up eight major projects in the United States.

and strong technological leadership.globalcompanyintelligence. operational excellence. communities. We look forward to the successes to come. they prove they care not just about results. Year after year. ExxonMobil will continue to look beyond the current business environment and focus on long-term business success and long-term growth in shareholder value.Financial and Strategic Analysis Review Source : www. Exxon Mobil Corporation (XOM) . I am grateful to our shareholders who have placed their trust and confidence in us. Our National Content strategy enables us to make a positive change in the communities in which we operate. but how those results are achieved. We remain committed to meeting future growing energy demand through long-term planning. Their dedication to upholding our high ethical standards for business wherever ExxonMobil operates and their unending diligence to protect people. disciplined investment.ingenuity and dedication. On behalf of the men and women of ExxonMobil. and the environment are essential to our continued success.com Reference Code: GDGE1203FSA Page 14 . by opening doors of opportunity in host nations to promote economic development by employing and training local workforces and investing in infrastructure projects to support education and healthcare. As the world recovers from the current economic downturn. We will continue to pursue opportunities to enhance our portfolio to ensure our businesses remain well-positioned to deliver industry-leading performance at the top and bottom of the business cycle.

Fairfax U.S. Exxon Mobil House. Office. 77 . Office 3225 Gallows Road Fairfax Virginia (VA) 22037 United States Tel: +1 703 8463000 Fax: +1 703 8492020 ExxonMobil Aviation Fuels 1 HarbourFront Place.Bloco I Barra da Tijuca Rio de Janeiro 22775-044 Brazil Tel: +55 21 34332000 Exxon Mobil Aviation Fuels Leatherhead U.globalcompanyintelligence. Ermyn Way Leatherhead Surrey England KT22 8UX United Kingdom Tel: +44 1372 222000 Fax: +44 1372 225810 ExxonMobil Aviation Fuels . #06-00 HarbourFront Tower One Singapore 098633 Singapore Tel: +65 68858083 Fax: +65 68858799 Source: Annual Report.Financial and Strategic Analysis Review Source : www. Company Website.Locations And Subsidiaries Head Office Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving TX 75039 United States Tel: +1 972 4441000 Fax: +1 972 4441348 Other Locations & Subsidiaries Exxon Mobil Corporation.Exxon Mobil Corporation .com Reference Code: GDGE1203FSA Page 15 .Rio De Janeiro Office Rua Victor Civita.K. Other Locations Brazil . Primary and Secondary Research GlobalData ExxonMobil Hermeslaan 2 Brussels 1831 Belgium Tel: +32 2 7222111 Exxon Mobil Corporation (XOM) .

77-101 Col. Inc.com ExxonMobil Mexico.V. 11560 Mexico Tel: +52 555 2794800 Fax: +52 555 2800070 ExxonMobil Central Europe Holding GmbH Kapstadtring 2 Hamburg 22297 Germany Tel: +49 40 63930 Fax: +49 40 63933368 ExxonMobil Canada Ltd.Financial and Strategic Analysis Review Source : www. S. de C. Chapultepec Polanco Mexico.exxonmobilchemical.com Reference Code: GDGE1203FSA Page 16 . Subsidiaries ExxonMobil Chemical Company 13501 Katy Freeway Houston Texas (TX) 77079 1398 United States Tel: +1 281 8706000 Url: www. F. 106-1701 Hollis St HALIFAX NS B3J 3M8 Canada Tel: +1 902 4908900 Fax: +1 902 4960958 Esso Exploration and Production UK Limited ExxonMobil House Ermyn Way. Leatherhead Surrey KT22 8UX United Kingdom Tel: +44 1372 222261 ExxonMobil Production Norway. Aristoteles No. Norway Esso Schweiz GmbH Uraniastrasse 40/ Lowenstrasse 2 Zurich 8021 Switzerland Tel: +41 44 2144111 Fax: +41 44 2144209 ExxonMobil Abu Dhabi Offshore Petroleum Company Limited United Arab Emirates Exxonmobil Research & Engineering Company 1545 US Highway 22 East Annandale NJ 08801 3096 United States Tel: +1 908 730 0100 ExxonMobil Central Europe Holding GmbH Kapstadtring 2 Hamburg 22297 Germany Tel: +49 40 6393 0 Fax: +49 40 6393 3368 Exxon Mobil Corporation (XOM) .globalcompanyintelligence. A.Exxon Mobil Corporation. D.

JL jendral sudirman no 28 Jakarta 10210 Indonesia Tel: +62 021 574 0707 Fax: +62 021 574 0606 Mobil North Sea LLC Grampian House Union Row Aberdeen AB12 1SA United Kingdom Tel: +44 1224 855000 Fax: +44 1224 211746 ExxonMobil Poland Sp.com ExxonMobil Canada Energy 237 4 Ave. Box 60 Stavanger Switchboard 4064 Norway Tel: +47 51 60 60 60 Url: www2.Financial and Strategic Analysis Review Source : www.A.com ExxonMobil Exploration and Production Norway AS Grenseveien 6. SW Calgary Alberta Canada Tel: +1 403 2607910 Fax: +1 403 2373360 Exxon Mobil Corporation (XOM) .exxonmobil. ul Chmielna 85/87 Warszawa +805 Poland Tel: +48 022 586 18 00 Url: www.F 2. N-4313 Sandnes P.fr Esso Brasileira de Petroleo Limitada Rua Victor Civita 77 . O.esso.zo. street of the Trip hammers Rueil Malmaison Cedex 92569 France Tel: +33 1 47 10 60 00 Fax: +33 1 47 10 66 03 Url: www. Limited 17th Floor.com Reference Code: GDGE1203FSA Page 17 .o.4 Barra Da Tijuca Rio De Janeiro CEP 22775 Brazil Tel: +55 21 34332000 Fax: +55 21 34332037 Url: www.esso. Ortigas Centre Pasig City 1620 Philippines Mobil Investments S. PT GKBI. The Orient Square Nigeria Emerald Avenue.Esso Exploration and Production Nigeria-Sao Tome (One) ExxonMobil Petroleum & Chemical Holdings Inc.esso.A Saudi Arabia Exxonmobil oil Indonesia.com Esso S.Block 1 .globalcompanyintelligence.

jp Esso Malaysia Berhad Level 29.K.co.ca TonenGeneral Sekiyu K.tonengeneral. Box 2220 Houston TX 77002 United States Mobil Oil Sudan Limited Sudan Exxon Mobil Corporation (XOM) .com St1 Avifuels Oy Finland Favorit Unternehmens-Verwaltungs-GmbH Postfach 60 07 20 Kapstadtring 2 Hamburg Germany Tel: +49 040 63 93 0 Fax: +49 040 63 93 22 25 ExxonMobil Pipeline Company P. 1-8-15 Konan Minato-ku Tokyo 108 8005 Japan Tel: +81 3 54956000 Url: www.. PO Box 12054 Lagos Nigeria Tel: +234 1 2621640 Fax: +234 1 2421733 Url: www. Ltd United Kingdom Tonen Chemical Corporation Mobil Oil Nigeria plc Mobil House. O. O Box 2480 Station M Calgary AB T2P 3M9 Canada Tel: +1 800 5673776 Fax: +1 800 3670585 Url: www.Esso Exploration and Production Norway AS Norway Imperial Oil Limited P.imperialoil.exxonmobil. Lekki Expy.Financial and Strategic Analysis Review Source : www. Menara ExxonMobile Kuala Lumpur City Centre Kuala Lumpur 50088 Malaysia Tel: +60 3 2033000 Esso Exploration International Limited United Kingdom Esso Petroleum Co.com Reference Code: GDGE1203FSA Page 18 .globalcompanyintelligence.

exxonmobilpipeline. Asahi Tokai Bldg.total-ghana. 63 avenue du General Leclerc Bourg la Reine 92340 France Tel: +33 01 41872600 ExxonMobil Chemical France Tour Manhattan 5 6 5 Place De L Iris Courbevoie 92400 France ExxonMobil Production Deutschland GmbH Germany Imperial Oil Resources Canada Exxon Mobil Corporation (XOM) . 6-1.Financial and Strategic Analysis Review Source : www.Tel: +1 713 6562044 Url: www. Ohte-machi 2-chome Chiyoda-ku Tokyo 100 0004 Japan Tel: +81 3 3270 6699 Url: www.globalcompanyintelligence.esso. Rama 4 Road Klongton Klongtoey Bangkok 10110 Thailand Tel: +66 22 644200 Esso SAF Tour Manhattan La Defense Paris 92059 France Tel: +33 1 57007000 Url: www..A.. 2 Rue des Martinets BP 270 Reuil Malmaison Cedex 92500 France Tel: +33 1 47106000 Fax: +33 1 47105995 Esso (Thailand) Public Company Limited 3195/17-29. Ltd.com Agresso France Immeuble le Centralis.com Societe Francaise ExxonMobil Chemical S.sectorpages.com Castle Peak Power Company Limited Hong Kong Special Administrative Region of China Total Petroleum Ghana Limited Total House 25 Liberia Road Accra Ghana Tel: +233 21 664921 Fax: +33 21 664925 Url: www.C.fr Nippon Unicar Co.com Reference Code: GDGE1203FSA Page 19 .

Netherlands ExxonMobil Chemical Thailand Ltd. 3195/16 Rama IV Rd Bangkok 10110 Thailand Tel: +66 2 2624229 Fax: +66 2 2624802 Exxon Chemical Netherlands 3 B.ExxonMobil Chemical Polymeres S. 1 HarbourFront Pl.com Exxon Mobil Chemical Films Macedon NY United States ExxonMobil Sverige AB Box 1035 Goteborg SE 405 22 Sweden Tel: +46 31 7990275 ExxonMobil Chemical Limited Cadland Road Hardley Southampton Hampshire SO45 3NP United Kingdom Tel: +44 23 80893822 Fax: +44 23 80895909 Exxon Chemical Netherlands 1 B.com ExxonMobil Korea Inc. United States Url: www.exxonmobilchemical.V.N.V.com Reference Code: GDGE1203FSA Page 20 . 7th Floor Samhwan Building Seoul 98 5 Republic of Korea Tel: +82 2 36715201 Fax: +82 2 36715211 Exxonmobil Chemical Olefins Inc Beverkae House Cowdenbeath KY4 8EP United Kingdom Advanced Elastomer Systems Ltd.exxonmobilchemical. Traston Lane Corporation Road Hythe United Kingdom ExxonMobil Chemical Europe Inc. Breda Netherlands Exxon Mobil Corporation (XOM) . Ste 06-00 HarbourFront Twr Singapore 098633 Singapore Tel: +65 6885 8000 Fax: +65 6885 8405 Url: www.C Rue Pdt Kennedy Notre-Dame-de-Gravenchon 76330 France Tel: +33 2 32755151 Fax: +33 2 32755197 ExxonMobil Chemical Operations Private Ltd.globalcompanyintelligence.Financial and Strategic Analysis Review Source : www..

esso. Dering Way Kent Gravesend England Redline Oil Services Ltd Esso House Ermyn Way Leatherhead Surrey Exxon Mobil Corporation (XOM) .) LIMITED United Kingdom Esso Belgium NV Polderdijkweg 2030 Belgium Tel: +32 3 5433111 Fax: +32 3 5433495 Ireland Roc Ltd Malahide Road Artane Ireland Tel: +353 183 12138 ESSO Austria GmbH Argentinierstrasse 23 Wien A 1040 Austria Tel: +43 1 501400 Fax: +43 1 50140335 Url: www.uk Comma Oil & Chemicals Ltd.Financial and Strategic Analysis Review Source : www.A.com Reference Code: GDGE1203FSA Page 21 .at Esso Standard Oil (Uruguay) S. Apartado Postal 3404 Calle 90 No.K. Montevideo Uruguay ROC UK Limited Exxonmobil House Ermyn Way Leatherhead Surrey KT22 8UX United Kingdom Tel: +44 137 2222000 Url: www.A.19C-32 Bogota Colombia Tel: +57 1 6280460 Esso Ireland Ltd.roc. Dublin Joint Fuels Terminal Alexandra Rd Dublin Ireland Tel: +353 1 8555559 Fax: +353 1 8551402 Url: www.esso.ie Esso Ireland Manufacturing Company Esso House Stillorgan Blackrock Dublin Ireland EXXONMOBIL CHEMICAL FILMS EUROPE (U.globalcompanyintelligence.co.ExxonMobil Chemical International Services Ltd. 22nd Floor Central Plaza 18 Hong Kong Special Administrative Region of China Tel: +852 3197 8888 ExxonMobil de Colombia S.

A. de Sartrouville Les Erables III. 3195/21 Rama IV Road Klongton Klongtoey Bangkok 10110 Thailand Tel: +66 2 624000 Source: Annual Report. Ltd.com Reference Code: GDGE1203FSA Page 22 .N. 66 Rte. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .fr Ets Joseph Wallach SASU 1a rue Jean Monnet Sausheim F 68391 France Tel: +33 8 10001818 Fax: +33 3 89311255 Url: www.Financial and Strategic Analysis Review Source : www. 12 Riverside Quay Southbank VIC 3006 Australia Tel: +61 3 92703333 Worex S. Francaise 5 Pl.fr Thai C-Center Co.wallach. Courbevoie F 92400 France Tel: +33 1 57007000 Fax: +33 1 57007599 Url: www.esso.globalcompanyintelligence.com Mainline Pipelines Limited Seisdon Hollaway Wolverhampton WV5 7EY United Kingdom Tonen Technology Kabushiki Kaisha Tokio Japan KT22 8UY United Kingdom Tel: +44 137 2222000 Fax: +44 137 2223115 Exxonmobil Pension Trust Ltd Leatherhead Surrey United Kingdom Exxonmobil Petroleum & Chemical Bvba Antwerp Belgium Tel: +32 35 433111 Fax: +32 35 433495 Esso Australia Resources Pty Ltd. de l'Iris..commaoil.com Esso Kenya Ltd Mombasa Kenya Esso Raffinage S. Le Pecq F 78230 France Tel: +33 1 34804200 Fax: +33 1 34801533 Url: www. Company Website.C.DA12 2QX United Kingdom Tel: +44 1474 564311 Fax: +44 1474 333000 Url: www.esso.

a decline of 22% over 2008. ExxonMobil expects over 60% of global petrochemical demand growth to occur in Asia. synthetic rubber. the company chemical complex capacity stood at 8. such as olefins. Of which. as compared to USD 2. 2. 9. polypropylene. production and transportation of crude oil and natural gas.148 million. Europe. Downstream and Chemical. zeolite catalysts and other petrochemical products. the Middle East and Asia Pacific.3 MT polyethylene. Chemical . which comprised 800 thousand tons per year ethylene steam cracker and associated polypropylene. Inc. Chemical .com Reference Code: GDGE1203FSA Page 23 . along with its subsidiaries and affiliates engages in the exploration. involves in the manufacture and sale of petrochemicals and other chemical products. Its products include: paraxylene. polyethylene and polypropylene plastics and a range of specialty products. China. an oil and natural gas company. polyethylene. through its Chemical segment.000 million.Capital Expenditure For the fiscal year 2009.Chemical Chemical . olefins. Chemical .649 thousand metric tons were sold in the US and 15.2 MT polypropylene and 3.8 MT paraxylene.Market View The worldwide demand for petrochemicals in the first half of 2009 was weak. however.Business Description ExxonMobil. the company started up a fully integrated.Key Strategies For its Chemical segment. plasticizers. oriented polypropylene packaging films. it has interests in electric power generation facilities. synthetic lubricant base stocks. aromatics. world-scale facility in Fujian Province. and manufacture and sale of refined products.Overview ExxonMobil. polyethylene and paraxylene units.819 million in 2007. Business Description . ExxonMobil concluded the acquisition of XTO Energy. The company is also a manufacturer and marketer of commodity petrochemicals. ExxonMobil focuses on the following strategies: • Taking advantage of core competencies • Consistently delivering solid performance • Building and maintaining proprietary technology positions • Capturing the benefits of its integrated businesses Exxon Mobil Corporation (XOM) .176 thousand metric tons were sold in the remaining areas of the world. 2009. As at December 31.Section 2 – Company Analysis Exxon Mobil Corporation .. additives for fuels and lubricants.Financial and Strategic Analysis Review Source : www. the company's capital expenditure for its Chemical segment totaled USD 3. as compared to 24.982 thousand metric tons in 2008. with China accounting for more than one-third. the demand showed signs of recovery in the second half of 2009. for a purchase consideration of USD 41.309 million. In 2009.9 millions metric tons (MT) of ethylene. Its chemical activities are carried out in North America. In addition. Chemical .Production During the fiscal year 2009.825 thousand metric tons.Financials For the fiscal year 2009. the Chemical segment’s revenue accounted for USD 2. the total chemical prime product sales reached 24.globalcompanyintelligence. ExxonMobil has presence in six continents covering over 200 countries and operates through three reportable business segments: Upstream. 7.Recently. Chemical .

and specialty products stood at 708 mbpd.573 mbpd. the company formed an alliance with Synthetic Genomics Inc.013 mbpd. Downstream .Financials For the fiscal year 2009. enhance energy efficiency of its operations. a subsidiary of 7-Eleven Stores Pty Ltd. to capitalize on the growth opportunities in Asia.196 million. entered into an agreement to acquire 295 gasoline filling stations. manufacturing plants. as compared to USD 3.Capital Expenditure For the fiscal year 2009. a supplier of refined petroleum products. representing a total of 375 MWs in 2009. the company's capital expenditure for its Downstream segment totaled USD 3.350 thousands of barrels per day (mbpd).428 mbpd.428 mbpd in 2008 from 6. Additionally. Saudi Basic Industries Corporation (SABIC) and the company are progressing studies at its Kemya and Yanpet petrochemical joint venture sites in Saudi Arabia to supply premium products. As part of its supply business. Exxon.globalcompanyintelligence. The company expects the refining margins to decline due to the intense competition in the refining Exxon Mobil Corporation (XOM) . under which. and specialty products.Overview The Downstream segment of the company comprises refining and supply. and 170 convenience stores/fuel stations from ExxonMobil. Furthermore.3 million barrels per day and lubricant basestock manufacturing capacity of about 140 thousand barrels per day. aviation fuels stood at 536 mbpd.529 million in 2008. the total throughput at the company’s refineries stood at 5..Downstream Downstream . the Downstream segment recorded Earnings after income taxes of USD 1.000 retail service stations.761 mbpd in 2008.Market View The global refining industry is witnessing a slump following the global economic downturn after a high return period in the past few years.Financial and Strategic Analysis Review Source : www. asphalt.com Reference Code: GDGE1203FSA Page 24 . Global Partners LP. signed an agreement with the company to acquire 190 Mobil-branded gas stations for USD 200 million. Downstream . ExxonMobil2 will manufacture and supply Caterpillar branded lubricants to Caterpillar factories and dealers worldwide.416 mbpd in 2008. a subsidiary of the company. and lubricants and specialties businesses. LLC. Of the total 6. ExxonMobil’s refining and supply business includes a global network of refineries. 7-Eleven Australia Pty Ltd. Its fuels marketing business is responsible for marketing and selling of petroleum products and related services through its network of 28. diesel stood at 2..Furthermore. a biotech company. kerosene. In July 2009. Mobil. Downstream . from Mobil Oil Australia Pty Ltd. and other high-value products and feedstocks. Downstream . fuels marketing. heating oils.. Recently. Inc. as compared to 5. the company has interests in 11 crude oil and product tankers with individual capacity of more than one thousand deadweight tons. the petroleum product sales decreased to 6. enhance feed flexibility and deliver breakthrough products and processes to enhance and extend its competitive advantage. acquired a majority interest in Uppy's Convenience Stores. to research and develop biofuels from photosynthetic algae. The company's lubricants and specialties business is involved in the marketing of finished lubricants. lubricants. It also has interests in 186 major petroleum products terminals globally.78 million. Business Description . a decline of 78% over 2008. and Esso. the company started a fully integrated. ExxonMobil completed the commissioning of new cogeneration facilities in China and Belgium.Production During the fiscal year 2009. heavy fuels stood at 598 mbpd. world-scale facility in China. ExxonMobil holds an ownership interests in 37 refineries across 21 countries with combined distillation capacity of 6. ExxonMobil entered into a multi-year agreement. It further aims to invest in projects which will support its specialty business. the sales volumes of gasoline and naphthas stood at 2. under brands. Mid-Atlantic Convenience Stores.. Additionally. The decline was primarily due to lower worldwide demand for fuel products. transportation systems and distribution centers that provide a wide variety of fuels.

South America. The company has interests in various types of oil and gas assets including conventional.Production During the fiscal year 2009. Canada. Australia.932 thousand barrels of oil equivalent (mboe). Of the total proved reserves. the Upstream segment’s earning after income taxes accounted for USD 17.Upstream Upstream .globalcompanyintelligence.273 million cubic feet per day (mmcfd). Upstream . Oil and Natural Gas Corporation Limited.industry.Financials For the fiscal year 2009. As of December 31. ExxonMobil commenced eight major projects in the US. gas and power marketing. advantaged returns.Key Strategies The company’s strategies for the segment include maintaining best-in-class operations. It operates through several global companies and affiliates. These trends will continue to cast a shadow of uncertainty over the future of refinery margins thereby making the refining sector unattractive for the oil companies such as this. the Middle East.387 mbpd and natural gas production was 9. Gulf Coast in 2010 and is expected to have the capacity to import 2 billion cubic feet of gas per day from the new LNG projects in Qatar. Furthermore. the crude oil and natural gas liquid reserves totaled 6. Furthermore. The company is also involved in power generation operations. Upstream .737 net operated wells. the Caspian and Africa. a decrease of 52% over 2008. the company’s total liquids production was 2. the prices of crude oil and petroleum products have dropped drastically from the peak of 2008 affecting the profitability of refineries.com Reference Code: GDGE1203FSA Page 25 . decreasing refinery margins and a surplus refining capacity are having a combined negative effect on the profitability of refining operations. ExxonMobil has interests in electric power generation facilities.734 million in 2008. Business Description . to the company. In 2009.442 billion cubic feet. acid/sour gas. the combined oil and gas production volumes was 3. heavy oil. The Golden Pass liquefied natural gas (LNG) terminal is scheduled to open on the U. 2009. an energy company. at the yearend 2009. oil sands. capitalizing on integration with other ExxonMobil businesses. These have prompted many companies to postpone or cancel their refinery investment plans. and providing quality. Russia. the company's undeveloped exploration acreage totaled gross 110. In addition. through its upstream segment. The meltdown in the financial sector has made it difficult to raise finance for the capital intensive refinery projects. These companies are responsible for the exploration. The decreased demand of petroleum products and low refinery margins forced many companies to cut throughput rates in their refineries or temporarily shut down the refineries.760 net productive gas wells.704 million.469 million barrels and natural gas reserves reached 34. Arctic. engages in the exploration and production of crude oil and natural gas.107 million. Italy. At the end of 2009. These assets are located in the US. plans to sell its interest in Krishna Godavari basin gas block DWN-98/2. the Asia-Pacific. as compared to USD 19.Financial and Strategic Analysis Review Source : www. Europe. As of December 31.Capital Expenditure For the fiscal year 2009.Overview The company. deepwater. valued products and services to customers.921 mboe in 2008. and upstream-research activities. 2009 the company had a total of 16. as compared to 3. it had 13. LNG and tight gas assets.955 million barrels of oil equivalent (mmboe). Downstream . and Qatar.92 million).75 million (net 71. selectively investing for resilient. Upstream . Uncertain product demand due to the economic downturn.S. During 2009. maximizing value from leading-edge technologies. the company’s proved oil and gas reserves totaled 14. Norway. Exxon Mobil Corporation (XOM) . the company's capital expenditure for its Upstream segment totaled USD 20. the UK. production.556 net productive oil wells and 9. development.

6% annually through 2030. The company anticipates that the global LNG demand will increase rapidly by 2030. investing in projects that deliver superior returns.7% annually to 2030. Exxon Mobil Corporation (XOM) . maximizing profitability of existing oil and gas production. The company holds LNG liquefaction capacity of about 65 million tons in 2010. the demand for liquid fuels is expected to rise at a rate of 1. Europe and Asia Pacific markets.Market View The overall global energy demand is expected to grow by about 1.com Reference Code: GDGE1203FSA Page 26 . driven by the demand in North America. The demand for gas in the Asia Pacific region is expected to grow faster than any other region of the world at about 3.globalcompanyintelligence. Upstream .Key Strategies The company’s objective of the upstream segment is to create the value in that distinguishes the company from its competitors. LNG demand is expected to represent about 16% of the world’s gas demand. By 2030. and it expect this to increase to more than 100 million tons annually in the coming years. natural gas demand is expected to increase by 1.2% per year through 2030. Driven by increasing demand for electricity. and capitalizing on growing natural gas and power markets.4% per year. ExxonMobil’s upstream business strategies include identifying and pursuing all attractive exploration opportunities.Financial and Strategic Analysis Review Source : www.Upstream . With the growing transportation sector.

000 retail service stations in nearly 100 countries. ExxonMobil is a leading energy company with integrated operations.9 billion in new cogeneration capacity. aviation.Integrated Refining and Chemical Operations The company has its presence across the energy value chain. The company's strong retail presence in countries which are leading consumers of oil and natural gas drives revenue growth.SWOT Analysis SWOT Analysis .Exxon Mobil Corporation . namely.000 megawatts (MW) of power generation capacity worldwide. has interests in a approximately 16. retail.Financial and Strategic Analysis Review Source : www. About 75% of ExxonMobil’s refining capacity is integrated with its lubricants and/or chemical businesses. To explore the development and commercialization of algae-based biofuels a multimillion dollar research initiative with Synthetic Genomics Inc. In addition to its retail business. Furthermore. The substantial cogeneration facilities help the company in meeting its power and heat requirements economically while optimizing its energy resources alongwith significant environmental benefits because it produces fewer greenhouse gas emissions than conventional power generation. The company achieves greater flexibility to optimize operations and to produce higher-value products with lower feedstock and operating cost due to its integrated large scale refining operations with chemical business. which is a highly efficient way to generate power and steam. industrial and wholesale. Such integrated sites are designed and operated to maximize the value of each product stream and to achieve cost savings from economies of scale. The company invested more than USD 4. Exxon Mobil Corporation . Europe. natural disasters such as hurricanes in the Gulf of Mexico and the coastal US and stringent regulations may hamper its growth. The extensive R&D activities of the company provide major technological breakthroughs that enable the company to map undersea reservoirs. A major part of the company's petroleum product sales comes from North America and Europe. Strength . To improve fuel economy through advanced plastics. However. The company operates in diverse geographic locations across the world. The company's refining and processing operations are closely related to the petrochemical production business due to overlapping processes and feedstocks. The company operates its service stations under the brands Exxon. Canada. and synthetic lubricants the company worked with vehicle manufacturers.0 billion in research and development over the last five years.. the company invested more than USD 1. the Asia Pacific and Latin America. Exxon Mobil Corporation (XOM) . the company's refineries are over 60% larger and are more integrated with chemical and lubes operations.000 active patents.Wide Geographic Spread ExxonMobil has upstream and downstream operations spread over various countries worldwide.Overview ExxonMobil is engaged in the exploration and production of crude oil and natural gas. North America and Europe are amongst the leading oil and gas consumers in the world. The company can expect to benefit from the increasing demand for hydrocarbons in the long run. and marine that sell ExxonMobil fuels to over one million customers worldwide ExxonMobil's exposure to the developed countries is highest in its peer group. declining market share. Strength . Mobil and Esso. Strength .Cogeneration Facilities ExxonMobil is an industry leader in the use of cogeneration process. proved oil reserves and the increasing production costs are likely to affect its profitability. ExxonMobil has strong presence in the US.Extensive Research & Development Activities ExxonMobil undertakes extensive Research & Development (R&D) activities to support its business.globalcompanyintelligence. Since 2004. and marketing of petroleum products. the company has three business-to-business segments. It operates over 28. drill horizontally under arctic oceans. 2009 the company has held over 11. has been launched in 2009. and efficiently transport cleaner-burning natural gas to markets. As of December 31. On an average.com Reference Code: GDGE1203FSA Page 27 . It has integrated refining and chemical operations and cogeneration facilities.Strengths Strength . new tire-lining technology. Over 90% of the chemical capacity that the company owns and operates is integrated with its refining complexes or natural gas processing plants.

Declining Market Share in Sector ExxonMobil's compounded annual growth rate (CAGR) for revenue was -4.45. Europe. With the growing transportation sector.586. The oil and natural gas liquids production in 2009 was 2. The company's under-performance could be attributed to a weak competitive position. The declining trend in the company's proved oil reserves is likely to affect its oil production volumes. the production costs of the company increased to USD 8.95 at the end of fiscal year 2009. the global LNG demand is expected to grow at more than 4% per year through 2030. Furthermore. A lower than sector average* current ratio indicates that the company is in a weaker financial position than other companies in the sector.com Reference Code: GDGE1203FSA Page 28 .87%. Weakness . ExxonMobil is currently participating in LNG operations in Qatar and Indonesia with a combined gross capacity of approximately 35 million tons per year (representing about 20% of global industry capacity).72 per barrel. the company reported revenues of USD 310. ExxonMobil's reported cash in hand of USD 10.744 million barrels in 2007. Russia. The gas demand in the Asia Pacific region is expected to grow faster than any other region of the world at about 3. Also. a decrease of 75bps over 2008. A lower than sector average* operating margin implies inefficient cost management strategy by the company and management's low focus on profitability. the demand for liquid fuels is expected to rise at a rate of 1.Limited Liquidity Position Weak liquidity position may affect the company's operational and financial conditions in short term. Exxon Mobil Corporation .Opportunities Opportunity .2% for the fiscal year 2009.94% from 2008. the company's proved oil reserves declined significantly by 52. Weakness . USD 5. ExxonMobil is one of the largest suppliers to local markets of Australia and Malaysia.33% during 2005-2009.61%.387 mbpd. 7.Demand for Hydrocarbons in the Long Run The projected increase in demand for liquid fuels and natural gas in the coming years would help the company boost its sales and strengthen its financial base.469 million barrels. The strong economic growth in the developing countries will drive global oil and natural gas demand. As of December 31. USD 6. This was below the S&P 500 companies average* of 1. and North America. and also provides local supplies to markets in Thailand.04 per barrel in 2006. its current ratio was 0. the operating profit of the company was USD 34.Declining Reserves ExxonMobil’s declining proved oil reserves could affect its business and market share. a decrease of 34. a decrease of 58. Driven by increasing demand for electricity. A lower than sector average* revenue CAGR indicate that the company has underperformed the average sector growth and lost market share over the last four years. 8. The majority of hydrocarbon demand Exxon Mobil Corporation (XOM) .576 million barrels in 2008.Low Focus on Profitability The operating margin of the company has decreased 627 bps over 2008.194 million barrels in 2006 and 9.04 per barrel in 2004 and USD 4.78 per barrel in 2003.30% from 2008.693 million in 2009.7% annually to 2030. supplying LNG to markets in Asia.Exxon Mobil Corporation . ExxonMobil is also constructing four additional trains in Qatar that will increase gross capacity by over 30 million tons per year. Further. a decrease of 66% over 2008.Increasing Production Costs ExxonMobil has extensive oil and gas exploration and production operations worldwide. In the fiscal year ended December 31.14 per barrel in 2007. This was below the Integrated Oil & Gas sector average* of 1.globalcompanyintelligence. as compared to 7. ExxonMobil's operating margin was 11. The company's proved oil reserves have declined significantly over the past five years.4% per year. The overall global energy demand will grow about 1. During the 2003-2009 period.58%. while the decrease during 2007-2008 was 14.Financial and Strategic Analysis Review Source : www. Current ratio is used to indicate the company's ability to pay back its short-term liabilities with its short-term assets. Weakness .06. USD 6.00 million during the fiscal year 2009.2% per year through 2030. This was below the Integrated Oil & Gas sector average* of 16.777. Europe and Asia Pacific markets. The production cost per barrel of production has been increasing steadily over the 2004-2009 period. The increasing upstream production costs are likely to affect its upstream profit margins.00 million during the fiscal year ended December 2009. LNG demand is expected to represent about 16% of the world’s gas demand. driven by demand in North America. 2009. By 2030.36 per barrel in 2005. This was below the Integrated Oil & Gas sector average* of 21.889 million barrels in 2003. 2008. as compared to USD 7. the Far East and Qatar. natural gas demand is expected to increase by 1.Weaknesses Weakness .18%.6% annually to 2030. the company's oil reserves were 6. Weakness . Also.

the prices of crude oil and petroleum products have dropped drastically from the peak of 2008.US Energy Policy The government’s proposed increase in taxes.Opportunities in Unconventional Energy Sources According to in-house research. Deep and ultra deep offshore oil and gas projects are attracting increased attention in the wake of the inevitable production decline in the conventional oil and gas resources. Valuation of many small and mid-size oil and gas companies has decreased considerably and these companies are available for acquisition by big cash rich players. new and emerging frontiers will increasingly add to the supply of oil and gas in 2010. Opportunity .Natural Disasters ExxonMobil has exploration and production operations in Alaska. Threat .000 million.is expected to be driven by the emerging Asian markets. in which the company operates. Opportunity . The meltdown in the financial sector has also made it difficult to raise finance for capital intensive refinery projects. it stands to gain from the growth of this market in long run. These trends will continue to cast a shadow of uncertainty over the future of refinery margins.Threats Threat . these have prompted many companies to postpone or cancel their refinery investment plans. In addition. ExxonMobil is well positioned to take advantage of emerging growth opportunities worldwide.Financial and Strategic Analysis Review Source : www.Downturn in the Refining Sector The global refining industry is witnessing a slump following the global economic downturn after a rise in the past few years. Following this.globalcompanyintelligence.Deep Offshore. thereby making the refining sector unattractive for the company. Exxon Mobil Corporation . and new oil and gas leasing policy may affect the earnings and growth of oil and gas companies such as this. decreasing refinery margins and surplus refining capacity have a combined negative effect on profitability from refining operations. exploration and production activity is moving towards deep and ultra deep offshore areas. The decrease in the demand for petroleum products and low refinery margins forced many companies to cut throughput rates in their refineries or temporarily shut down the refineries. Opportunity . Furthermore. The company’s significant operations in the Gulf of Mexico and the coastal US could be adversely affected by hurricanes in future as well.Growth Area for the Long Term As the company is active in deep offshore drilling. threatening an area still recovering from the worst natural disaster in the US history. This acquisition will provide ExxonMobil an competitive edge over its competitors in the field of unconventional sources. which may significantly increase the company’s business costs. are prone to natural disasters. Threat . ExxonMobil’s Gulf of Mexico facilities were damaged during the hurricanes Katrina and Rita in 2005. Exxon Mobil Corporation (XOM) . the company acquired XTO energy. There has been renewed interest in recent times due to the advancement in extraction and processing technologies and a significant rise in the price of oil and gas.Expansion through Inorganic Growth ExxonMobil is a large international oil and gas company and has a presence across value chain has the potential to gain market share and expand its operations through acquisitions or partnerships. Uncertain product demand due to the economic downturn. Unconventional Gas and Acid/Sour Gas.com Reference Code: GDGE1203FSA Page 29 . an oil and gas company for a consideration of USD 41. Furthermore. California and the Mid-continent region. there have been considerable investments in the production of oil and gas from unconventional sources. While the situation has stabilized in 2010. as the company might have to rebuild a part of its infrastructure repeatedly. affecting the profitability of refineries. For instance. the Gulf of Mexico. the Gulf Coast. ExxonMobil's Upstream segment is engaged in following unconventional energy sources: Heavy Oil/Oil Sands. The company’s operations in the Gulf of Mexico are prone to disruption from hurricanes. Some of the areas. Unconventional oil and gas projects are attracting increased attention with a decline in production from conventional oil and gas sources. Powerful tropical storms and hurricanes are forecast to strike the Gulf Coast in coming years. The decline in the oil reserves worldwide is challenging oil and gas companies to seek new fields in order to maintain their current oil production levels. The valuation of assets of companies has decreased significantly as a result of the economic crisis and volatility in the crude oil price. In 2010. due to the depletion of onshore reserves. The US energy policy highlights a considerable shift from the fossil fuel driven economy to an economy fuelled by renewable energy. there has been renewed interest in recent times due to the advancement in extraction and processing technologies and a significant rise in the price of oil and gas.

The leasing policy might make domestic oil and gas explorations difficult. Even in developing countries. the huge fall in the oil prices since the financial crisis has made many oil sands projects uneconomical. which contributes to increased carbon emission. petroleum product quality norms are getting more stringent. By 2019. The Canadian oil sands industry needs an oil price in the range of USD 50–65. in January 2010. The key measures include elimination of tax breaks such as the intangible drilling and development costs. Additionally. NOTE: * Sector average represents top companies within the specified sector The above strategic analysis is based on in-house research and reflects the publishers opinion only Exxon Mobil Corporation (XOM) . small amounts of bitumen. Additionally.Rising Capital Costs in the Refining Sector There was a significant pressure on refining margins due to the recessionary conditions.2 million Canadian homes. which is resulting in an increase in costs for building secondary conversion units such as fluid catalytic crackers. the amount of natural gas used by the Canadian oil sands industry is equivalent to the daily consumption of 3. hydro crackers and cokers. There has been much impact on the environment due to the exploration of oil sands. clay. shifting yield patterns in favor of light and middle distillates instead of fuel oil also require huge investments to upgrade simple refineries into complex ones for some companies. In addition. depending on the location.The Obama administration has proposed various measures for increasing taxes on the US oil and gas industry. percentage depletion and manufacturing deduction. Exploration activities have influenced wildlife and water bodies. Oil sand operations generate toxic waste during the extraction process that comprise water. in order to be profitable. these measures will increase the expenses of US oil and gas companies to approximately $31 billion. the oil sands industry is more capital intensive than traditional oil exploration projects.Threat to Oil Sand Industry Low oil prices and environmental implications prove a dampener for companies active in oil sand exploration such as this. Furthermore. As per the new regulations. have greater public participation and industry participation and comprise larger environmental review procedures. However. ExxonMobil operates 37 refineries in 21 countries. according to in-house forecasts. sand. the global economic slowdown and an uncertain future demand and price outlook have decreased the attractiveness of the oil sands industry.com Reference Code: GDGE1203FSA Page 30 . Refineries worldwide are becoming more complex and flexible in allowing refiners to process different qualities of crude. the leasing process will undergo internal and external scrutiny. Moreover. verification of conformance to a Resource Management Plan.Financial and Strategic Analysis Review Source : www.globalcompanyintelligence. Threat . the US’ interior secretary Ken Salazar announced amendments to the existing oil and gas leasing policy. Threat . salt and traces of metals. and naturally occurring organic compounds.

Key Competitors Name Royal Dutch Shell plc ConocoPhillips TOTAL S.862 243. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .840 155.com Reference Code: GDGE1203FSA Page 31 . China Petrochemical Corporation BP p.c.globalcompanyintelligence.l. Company Website.Financial and Strategic Analysis Review Source : www.Exxon Mobil Corporation . Headquarters Netherlands United States France China United Kingdom Revenue (US$ m) 278.A.188 152.768 (Estimated) 211.Key Competitors Exxon Mobil Corporation.965 Source: Annual Report.

46 50.11 9.85 16.15 82.35 38.095.40 23.50 28.83 32.85 10.37 11.70 2006 6.97 82.21 42.Capital Market Ratios Exxon Mobil Corporation.53 88.Financial and Strategic Analysis Review Source : www. Taxes.68 Growth Ratios Sales Growth Operating Income Growth EBITDA Growth Net Income Growth EPS Growth Working Capital Growth % % % % % % 23.59 22.37 5.26 Equity Ratios EPS (Earnings per Share) Dividend per Share Dividend Cover Book Value per Share Cash Value per Share USD USD Absolute USD USD Profitability Ratios Gross Margin Operating Margin Net Profit Margin Profit Markup PBT Margin (Profit Before Tax) Return on Equity Return on Capital Employed Return on Assets Return on Fixed Assets Return on Working Capital % % % % % % % % % % 31.60 19.83 53.39 11.60 18.71 1.22 -34.85 17.53 360 28.33 82.01 18.93 2007 7.com Reference Code: GDGE1203FSA Page 32 .14 5.41 1.23 2.72 1.62 42.39 2.36 -53.62 6.41 13.08 55.20 17.26 1.80 6.33 15.03 Financial Ratios .66 2.67 14.72 2.04 47.81 9.90 16.11 36.35 17.77 -0.28 6.45 17.80 Exxon Mobil Corporation (XOM) .67 10. Annual Ratios Key Ratios Unit/Currency 2005 5.34 16.85 34.74 16.70 39.90 -86.79 17.75 47.47 40. the above ratios are absolute numbers Source: Annual Report.62 1.32 2009 3.53 1. Company Website.Section 3 – Company Financial Ratios Financial Ratios .Annual Ratios Exxon Mobil Corporation.89 11.57 17.31 2008 8.44 19.05 6.64 47.30 -51.50 36.09 9.28 5.25 44.30 Cost Ratios Operating Costs (% of Sales) % 83.56 17.68 17.06 250.55 5.24 1.25 -57.30 22.04 48. Depreciation and Amortization) Enterprise Value/Sales Enterprise Value/Operating Profit Enterprise Value/Total Assets Dividend Yield Note: Above ratios are based on share price as of 06-Oct-2010.35 19.66 1. Primary and Secondary Research GlobalData 06-Oct-2010 16.40 -58.70 6.78 45.21 4.17 19.67 33.31 -16.20 6.81 13.08 7.78 258.98 1.03 9.74 17.03 46.45 0.47 42.26 19.03 219. Ratios based on current share price Key Ratios P/E (Price/Earnings) Ratio EV/EBITDA (Enterprise Value/Earnings Before Interest.87 4.19 8.34 44.01 31.47 9.globalcompanyintelligence.03 32.

Financial and Strategic Analysis Review Source : www.73 4.28 0.31 3.34 -19.globalcompanyintelligence.80 0.19 -18.com Reference Code: GDGE1203FSA Page 33 .24 0.32 22.16 13.05 3.21 Leverage Ratios Debt to Equity Ratio Net Debt to Equity Debt to Capital Ratio % % % 7.21 8.90 7.63 4.05 5.98 3.63 2.06 15.93 7.32 14.65 1.58 1.64 6.96 Liquidity Ratios Current Ratio Quick Ratio Cash Ratio Absolute Absolute Absolute 1.38 0.33 2.32 14.86 -20.30 Efficiency Ratios Asset Turnover Fixed Asset Turnover Inventory Turnover Current Asset Turnover Capital Employed Turnover Working Capital Turnover Revenue per Employee Net Income per Employee Capex to Sales R&D to Sales Absolute Absolute Absolute Absolute Absolute Absolute USD USD % % 3.65 Source: Annual Report. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .49 5.27 8.33 13.58 1.46 26.23 0.80 12.23 18.736.71 3.62 1.09 0.Administration Costs (% of Sales) % 15.59 1.23 20.35 23.61 1.85 3.61 4.48 4.98 5.60 4.81 97.67 3.62 2.26 4.05 0.93 27.05 5. Company Website.33 0.06 0.55 1.30 1.47 1.69 -0.059 238.36 4.73 0.78 3.84 0.09 3.910 7.72 3.33 -17.33 5.10 14.47 1.71 1.01 1.

586.Performance Chart Exxon Mobil Corporation. a decrease of 57.S. The net profit of the company was USD 19. Primary and Secondary Research GlobalData Financial Performance The company reported revenues of (U.com Reference Code: GDGE1203FSA Page 34 . Dollars) USD 310.2009) Source: Annual Report.Financial and Strategic Analysis Review Source : www. Performance Chart (2005 .00 million during the fiscal year 2009. a decrease of 34.00 million during the fiscal year 2009. Exxon Mobil Corporation (XOM) .94% from 2008.280.globalcompanyintelligence.00 million during the fiscal year ended December 2009. a decrease of 58.30% from 2008.777. Company Website. The operating profit of the company was USD 34.36% from 2008.

33 1.39 1.64 14.31 41. Interim Ratios Key Ratios Interim EPS (Earnings per Share) Dividend per Share Book Value per Share Gross Margin Operating Margin Net Profit Margin Profit Markup PBT Margin (Profit Before Tax) Operating Costs (% of Sales) Administration Costs (% of Sales) Current Ratio Quick Ratio Debt to Equity Ratio Net Debt to Equity Debt to Capital Ratio Asset Turnover Current Asset Turnover Working Capital Turnover Net Income per Employee Unit/Currency USD USD USD % % % % % % % Absolute Absolute % % % Absolute Absolute Absolute USD Jun-2009 0.33 0.08 0.80 Mar-2010 1.com Reference Code: GDGE1203FSA Page 35 .73 59.44 1.63 28.81 0.26 13.25 9.58 5.17 40.Financial Ratios .45 49.36 1.44 0.95 27.81 5.37 86.98 5.18 56.73 39.53 28.69 -0.91 8.42 23.27 0.57 11.globalcompanyintelligence.74 8.56 11.88 1.60 0.37 6.30 13.81 15.44 27.60 13.98 0.06 1.70 -5.36 6.18 28.36 Sep-2009 0.30 0.10 5.Interim Ratios Exxon Mobil Corporation.74 86. Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) .29 0.19 88.76 0. Company Website.95 -2.52 11.42 22.42 22.60 28.946.31 75.42 23.85 8.15 0.07 0.84 8.09 10.91 5.63 13.70 13.98 40.23 10.78 1.719.12 8.11 0.40 -3.17 1.36 88.19 5.199 Jun-2010 1.436.18 Dec-2009 1.67 5.06 0.44 18.10 89.75 41.72 11.08 0.39 27.Financial and Strategic Analysis Review Source : www.65 Source: Annual Report.99 4.01 13.83 8.90 16.84 14.

Primary and Secondary Research GlobalData Exxon Mobil Corporation (XOM) . Ratio Charts EPS Operating Margin Return on Equity Return on Assets Debt to Equity Ratio Current Ratio Source: Annual Report.Financial Ratios .com Reference Code: GDGE1203FSA Page 36 .Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.Ratio Charts Exxon Mobil Corporation. Company Website.

Participating interests include affiliates of ExxonMobil (33. Companies bidding for prequalification for the project include: Punj Lloyd. The company is expected to unveil the tenders by the fourth of 2010 and successful bidder by the first of 2011. regasification and send out system. Vitol Bahrain. GDF Suez Development.5%). Shell. Chevron Corporation and IHI Corporation.globalcompanyintelligence. and will be transported and installed at the jetty site.. bringing the total value of contracts awarded to BAM Clough for the PNG LNG jetty project to $308 million. said: "This is yet another milestone in Sakhalin-1 project achievements. marine works. Samsung Construction & Trading. Mitsubishi Corporation. Hess LNG. The project includes setting up a ship unloading system.2%). Duffin. BG American & Global. Mineral Resources Development Company (PNG landowners-2.7%). a jetty and other associated works." BAM Clough JV is a 50/50 joint venture between BAM International bv and Clough Operations Pty Ltd. Golar LNG Energy. 2010: ExxonMobil Announces Odoptu Production Startup At Sakhalin-1 Project In Russia Exxon Mobil Corporation (ExxonMobil) has announced the startup of production from the Odoptu field at the Sakhalin-1 project offshore northeastern Russia. The Odoptu field is expected to add up to 11 million barrels (1.6%). The Sakhalin-1 project is one of the largest energy investments in Russia and is a testament to international cooperation. Oct 01./JGC Corporation. Tecnicas Reunidas. Al-Hassanain Company. which will provide continuity of quality work for our yard in Thailand. Exxon Mobil Corporation.2%). ExxonMobil subsidiary Exxon Neftegas Limited (ENL) is operator on behalf of the five-company international Sakhalin-1 consortium.com Reference Code: GDGE1203FSA Page 37 . John Smith. a whollyowned subsidiary of Clough. said: "Clough and our long-term partner BAM International are delighted to be given the opportunity to deliver the topsides for this EPC project. BP Gas Marketing. Oil Search Limited (29%).Financial and Strategic Analysis Review Source : www. 2010: BAM Clough Receives Additional LoI For PNG LNG Jetty Topsides Clough Limited (Clough) said that the BAM Clough joint venture has received an additional letter of intent (LoI) from Chiyoda JGC joint venture for the fabrication and construction of the topsides for the PNG LNG condensate offloading jetty. CEO of Clough.6 mtpa.8%) and Petromin PNG Holding Limited (0. 20km northwest of Port Moresby. Santos Limited (13. Sep 29. reported Steel Guru. Excelerate Energy. citing MEED. Korea Gas Corporation. IM Skaugen. Mitsui & Co. LNG storage tanks.5 million tons) to Sakhalin-1 oil production in 2011. Independent Public Business Corporation (PNG Government-16. Exxon Mobil Corporation (XOM) . The second contract is valued at around $53 million. The startup is on schedule and within development cost expectations. The topsides will be fabricated and assembled at Clough's Sattahip fabrication yard in Thailand. 2010: Bapco Receives Bids For LNG Terminal In Bahrain Bahrain Petroleum Company (Bapco) has received prequalification bids from local and international firms to build an LNG import terminal that is estimated to cost over $1 billion. Neil W.Section 4 – Company’s Recent Developments Oct 05. Italian-Thai Development. Nippon Oil Exploration (4. China Harbour Engineering Company. onshore and offshore pipelines and liquefaction facility with the capacity of 6. The PNG LNG project is an integrated development that includes gas production and processing facilities. president of ExxonMobil Development Company.

3 billion barrels (307 million tons) of oil and 17 trillion cubic feet (485 billion cubic meters) of natural gas. Additional activities in the development of Odoptu included the construction of a new onshore oil and gas treatment facility and flowline connection to the existing Chayvo onshore processing facility." Ray Sputore.1km LNG jetty and marine structures in consortium with Saipem.4 million tons) of oil for export to world markets. while providing important economic benefits to Russia. said ExxonMobil. The Sakhalin-1 consortium includes ENL (30% interest)Sakhalin Oil and Gas Development Co. ExxonMobil (25%) and Shell (25%).417%).25%). Tokyo Gas (1%) and Chubu Electric Power (0. with an estimated total resource of 2.globalcompanyintelligence. began production in 2005. Ltd. which drilled horizontally under the Sea of Okhotsk to the Odoptu oil reservoir over five miles (9km) offshore." Development of the Odoptu field has included world-class performance in the drilling and completion of seven extended-reach wells. and a skilled team to ensure our contribution is world-class. RN-Astra (8. The MZST process can be used to rapidly and reliably stimulate multiple reservoir zones in a single operation. said: "We have a genuine commitment to deliver the project with the highest standard of safety and to provide the expertise and services required to develop Australia's energy needs in line with sustainable economic development. 30%)affiliates of Rosneft. said: "Leighton has strong experience working with oil and gas clients. "It is an exciting time for Leighton and we are proud to be involved in such an iconic West Australian project. Since startup. 2010: Leighton To Deliver Civil And Underground Works For Gorgon Project Leighton Contractors Pty Limited (Leighton) has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon project. Sep 23. Sakhalinmorneftegas-Shelf (11. general manager of Leighton western region.5%). in-situ and precast concrete and underground services--including drainage. Craig Laslett. These later project developments will sustain production well into the future. in far eastern Russia. The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (around 47%). the Sakhalin-1 project has produced over 270 million barrels (35. Being the largest single resources project in Australia. Exxon Mobil Corporation (XOM) . Future project phases call for the development of the Arkutun-Dagi field as well as expanded gas production and sales from the Chayvo field." The contract scope includes earthworks. Odoptu and Arkutun-Dagi fields. The project will continue to help meet future natural gas demand in this region. It also has been a key supplier of over 210 billion cubic feet (six billion cubic meters) of associated natural gas to customers in Khabarovsk Krai. The Chayvo field. Sep 21. piping and electrical and instrumentation cabling which will be installed within the LNG plant site. which was the initial phase of the Sakhalin-1 project. (Calfrac Well Services). The Sakhalin-1 project includes the phased development of the Chayvo. The Sakhalin-1 project employs one of the world's most powerful land-based rigs.500 employees across both Leighton contracts. The team will commence work immediately are expected to be complete by mid 2013.com Reference Code: GDGE1203FSA Page 38 . (20%). we will be drawing on our pool of skilled workers as well as new talent to meet the peak target of 1. The contract win is in addition to the company's current work in hand at the Gorgon project where the company is completing works on the 2."The project applies industry-leading technology to successfully operate in a safe and environmentally responsible manner in one of the most challenging sub-arctic environments in the world. yielding improved well economics.5%) and ONGC Videsh Ltd. to heat homes and meet growing energy needs. 2010: ExxonMobil Awards MZST License To Calfrac Well Services ExxonMobil Corporation (ExxonMobil) has announced the licensing of its Multi-Zone Stimulation Technology (MZST) well treatment process to Calfrac Well Services Ltd. (SODECO.Financial and Strategic Analysis Review Source : www. managing director for Leighton. valued at more than $800 million. Osaka Gas (1.

Our progress since we announced the system demonstrates the commitment of our companies to make equipment immediately available for incident response. president of ExxonMobil Upstream Research Company. 2010: MMA Secures Gorgon Fuel Transportation Contract Exxon Mobil Corporation (XOM) . The track record of the MZST process for cost effective and efficient operations is a testament to the value of the technology and the reason service companies choose to license the technology from ExxonMobil. 2010: ExxonMobils's Deepwater Exploration Well Commercially Not Viable ExxonMobil Corporation (ExxonMobil) has drilled a deepwater exploration well.globalcompanyintelligence. thick reservoir sections." Richard Morrison. offshore Libya. ExxonMobil and Shell are establishing the MWCC to provide emergency response services in the US Gulf of Mexico. BP vice president for Gulf of Mexico operations.com Reference Code: GDGE1203FSA Page 39 . Sep 14. on behalf of the Marine Well Containment Company (MWCC)." Sep 16." Sep 20.The MZST process was developed by ExxonMobil Upstream Research Company in Houston. marine well containment system project executive. The MZST process will enable Calfrac Well Services to optimize its stimulation operations by combining the deployment of perforating and fracturing equipment simultaneously in the wellbore to enable single-trip. ConocoPhillips. Lloyd Guillory.Financial and Strategic Analysis Review Source : www. said: "We are pleased to provide the experience and specialized equipment needed to respond to a deepwater well control incident and intend to join the MWCC. said: "For a variety of unconventional plays ExxonMobil’s MZST process continues to be a premier technology for rapidly moving from drilled well to completed production well. said ExxonMobil. multi-zone stimulations. the BP equipment will be made available to all oil and gas companies operating in the US Gulf of Mexico. and coal bed methane wells that target multiple reservoir zones." Doug Ramsay. said: "We are working quickly and effectively in an unprecedented effort to improve incident preparedness. The sponsor companies' project team will utilize full time BP technical personnel with experience from the Gulf of Mexico response. president and CEO of Calfrac Well Services. We believe the addition of our recently gained deepwater intervention experience and specialized equipment will be important to the marine well containment system. shale gas. Texas. said: "We are pleased to add this proven stimulation technology to our portfolio and plan to promote the effectiveness and efficiency of using the ExxonMobil MZST process with our many customers throughout Canada and the US. As part of the agreement. 2010: ExxonMobil Announces Equipment For Industry Use Through MWCC Exxon Mobil Corporation (ExxonMobil). Sara Ortwein. The equipment could be deployed to capture and contain oil from a potential underwater well blowout while the new rapid-response system announced in July is being developed. The MZST process can be particularly beneficial for fracturing operations in tight gas. The well was first announced in 2009 with the collaboration between ExxonMobil and National Oil Corporation of Libya. or long reservoir intervals where multiple stimulation treatments are required. which was commercially not viable. Chevron. Reuters reported. The technology dramatically increases the number of zones that can be fractured per day compared to conventional fracturing and stimulation operations." The existing BP equipment is being assessed for use in near-term response capability. Guillory said: "This and other equipment that the project expects to acquire will enable us to preserve and secure existing capability for use by the oil and gas industry in the US Gulf of Mexico while we build the new system that exceeds current response capabilities. has announced an agreement with BP to provide its underwater well containment equipment to MWCC as part of BP's intent to join the new organization.

Jeff Weber. said: “WorleyParsons is excited to be selected by ExxonMobil Canada Properties for the complex Hebron Project which will utilize our proven expertise in sub-Arctic floatover topsides. Independent Public Business Corporation (PNG Ggovernment. Sep 01. Canada.25%). and gender equity and diversity.2%).417%). MMA was awarded a further two contracts related to the Gorgon project to transport cargo and water respectively from mainland Australia to Barrow Island. Nippon Oil Exploration (4. WorleyParsons will work with ExxonMobil to deliver on this and other benefits commitments. The contract for the transportation of water to Barrow Island is for a term of nine months later in 2010 and involves the provision of one towing tug and two barges. WorleyParsons will provide overall project management of the contract with subcontracts to be awarded to multiple third parties. The PNG LNG project is an integrated development that includes gas production and processing facilities. education and training. procurement and construction (EPC) services. we are able to integrate the marine supply chain and ensure security of supply to Barrow Island. research and development. Tokyo Gas (1%) and Chubu Electric Power (0. The total value of work awarded to CCJV on the upstream infrastructure project now stands at AUD560 million. Sep 02. onshore and offshore pipelines and liquefaction facilities.7%).Mermaid Marine Australia Ltd. 2009. with the option at ExxonMobil’s discretion to subsequently provide detailed engineering. commencing in the second quarter of 2011. a landing craft (LCT) and a barge suitably modified to transport fuel from mainland Australia to Barrow Island in support of the Gorgon project. John Grill. 2010: CCJV Wins AUD250 Million Work Order For LNG Upstream Infrastructure In Papua New Guinea Clough Limited (Clough) said that the Clough Curtain joint venture (CCJV) has received firm work orders worth AUD250 million associated with the upstream infrastructure contract awarded on May 1. Participating interests are affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator. managing director of MMA." The Gorgon project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47%).2%). ExxonMobil (25%) and Shell (25%). CEO of WorleyParsons. supplier development. Osaka Gas (1. Santos Limited (13. The contract is for front end engineering and design (FEED). The contract involves the provision of a towing tug. The contract will generate revenue in excess of AUD80 million over the initial three-year term and includes an option to extend for a further 12 months.8%) and Petromin PNG Holdings Limited (0. 16. (MMA) has been awarded a three-year contract by the Chevron operated Gorgon project. including those related to procurement. Oil Search Limited (29%). The contract for the transportation of cargo from MMA's Dampier supply base to Barrow Island involves the provision of one towing tug and two barges for an initial term of 15 months. with a special emphasis on performing work in Newfoundland and Labrador in accordance with Hebron Project benefits commitments. said: "All three operations represent an exciting development for MMA and we are proud to be able to support Chevron and the Gorgon project as it continues to progress. 2010: WorleyParsons Receives Contract From ExxonMobil For Hebron Project In Canada WorleyParsons Limited (WorleyParsons) has been awarded a contract by ExxonMobil Canada Properties (ExxonMobil) for the topsides on the Hebron project. "MMA has extensive experience in conducting tug and barge operations in the region and with the company also providing stevedoring and related services to the Gorgon project on our Dampier supply base.5%).ExxonMobil has approved $61 million for FEED to be completed through 2011. Mineral Resources Development Company (PNG landowners.” Exxon Mobil Corporation (XOM) . WorleyParsons estimates the services revenue under the full FEED/EPC contract to be $285 million over five years. 2. John’s in Newfoundland and Labrador. In July 2010.Financial and Strategic Analysis Review Source : www.globalcompanyintelligence.com Reference Code: GDGE1203FSA Page 40 . commencing mid 2010. 33. The Hebron field is an oil and gas development in the Atlantic Ocean located 350km offshore from St.6%).

The key industries include Alternative Energy. Pharmaceutical and Healthcare. Oil & Gas. Price per share is as of previous business close. Other items are from latest annual report. The main advantage of EV/EBITDA over the PE ratio is that it is unaffected by a company's capital structure. Price/Earnings Ratio Price/Earnings (P/E) ratio is a measure of the price paid for a share relative to the annual income (P/E) earned per share. Financial Services. Dollars Ratio Definitions Capital Market Ratios Capital Market Ratios measure investor response to owning a company's stock and also the cost of issuing stock. or as an alternative to. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. Price per share is as of previous business close. Chemical and Metal & Mining. Calculation: (Market Cap + Debt + Preferred Stock .Cash & Cash Equivalents) / (Net Income + Interest + Tax + Depreciation + Amortization) Enterprise Value/Sales Enterprise Value/Sales (EV/Sales) is a ratio that provides an idea of how much it costs to buy the company's sales.global-markets-companies. Our coverage includes 140. EV/Sales is seen as more accurate than Price/Sales because market capitalization does not take into account the amount of debt a company has.com/RequestforDemonstration. Other items are from latest annual report.Cash & Cash Equivalents) / Sales Enterprise Value/Operating Profit Enterprise Value/Operating Profit measures the company's enterprise value to the operating profit. It is a financial ratio used for valuation: a higher P/E ratio means that investors are paying more for each unit of income. Depreciation & Amortization (EV/EBITDA) Enterprise Value/EBITDA (EV/EBITDA) is a valuation multiple that is often used in parallel with. and shares outstanding last reported. Power. Calculation: (Market Cap + Debt + Preferred Stock . and shares outstanding last reported.000+ private) across 200+ countries and 29 industries. The key sources used include:  Company Websites  Company Annual Reports  SEC Filings  Press Releases  Proprietary Databases Currency Codes Currency Code USD GlobalData Currency U. Calculation: (Market Cap + Debt + Preferred Stock . Clean Technology. and shares outstanding last reported. It compares the value of a business.Financial and Strategic Analysis Review Source : www. Tax. to earnings before interest. free of debt.S.Cash & Cash Equivalents) / Operating Income Exxon Mobil Corporation (XOM) . Other items are from latest annual report.Section 5 – Appendix The data and analysis within this report is driven by Global Markets & Companies. Global Markets & Companies gives you key information to drive sales.com Reference Code: GDGE1203FSA Page 41 . Technology and Telecommunication. which needs to be paid back at some point. Price per share is as of previous business close. For more information or to receive a free demo of the services visit http://www.000+ companies (including 85. investment and deal making activity in your business. and EPS is from latest annual report.globalcompanyintelligence. Price per share is as of previous business close. the P/E ratio. Calculation: Price per Share / Earnings per Share Enterprise Value/Earnings before Interest.000+ reports on 125. so the stock is more expensive compared to one with lower P/E ratio.aspx Methodology GlobalData company reports are based on a core set of research techniques which ensure the best possible level of quality and accuracy of data.

Enterprise Value/Total Assets Enterprise Value/Total Assets measures the company's enterprise value to the total assets. Calculation: (Net Profit / Revenues) *100 Profit Markup measures the company's gross profitability. after paying for direct-fixed and direct-variable unit costs. Calculation: Net Income / Weighted Average Shares Dividend per Share Dividend Cover Dividend is the distribution of a portion of a company's earnings. to a class of its shareholders. Calculation: (Shareholders Equity . Dividend cover is the ratio of company's earnings (net income) over the dividend paid to shareholders. decided by the board of directors. based on revenues generated or resources used. Price per share is as of previous business close.com Reference Code: GDGE1203FSA Page 42 .Preferred Equity) / Outstanding Shares Cash Value per Share Cash Value per Share is a measure of a company's cash (cash & equivalents on the balance sheet) that is determined by dividing cash & equivalents by the total shares outstanding.that shows how much of each dollar earned by the company is translated into profits. the dividend yield is the return on investment for a stock. Calculation: (Net Income / Shareholders Equity)*100 Return on Capital Employed is a ratio that indicates the efficiency and profitability of a company's Return on Capital Exxon Mobil Corporation (XOM) . Other items are from latest annual report. EPS serves as an indicator of a company's profitability. Calculation: (Operating Income / Revenues) *100 Net Profit Margin is the ratio of net profits to revenues for a company or business segment . In the absence of any capital gains. Calculation: Gross Income / Cost of Revenue Profit Markup PBIT Margin (Profit Profit Before Interest & Tax Margin shows the profitability of the company before interest expense Before Interest & Tax) & taxation. Calculation: {(Revenue-Cost of revenue) / Revenue}*100 Operating Margin Net Profit Margin Operating Margin is a ratio used to measure a company's pricing strategy and operating efficiency. For most of these ratios. Gross Margin Gross margin is the amount of contribution to the business enterprise. Calculation: Annual Dividend per Share / Price per Share GlobalData Equity Ratios These ratios are based on per share value. Before Tax) Calculation: {Income Before Tax / Revenues} *100 Return on Equity Return on Equity measures the rate of return on the ownership interest (shareholders' equity) of the common stock owners.globalcompanyintelligence. Calculation: Earnings per share / Dividend per share Book Value per Share Book Value per Share measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid accordingly. having a higher value relative to a competitor's ratio or the same ratio from a previous period is indicative that the company is doing well. and shares outstanding last reported. Calculation: {(Net Profit+Interest+Tax) / Revenue} *100 PBT Margin (Profit Profit Before Tax Margin measures the pre-tax income over revenues. Calculation: Cash & equivalents / Outstanding Shares GlobalData Profitability Ratios Profitability Ratios are used to assess a company's ability to generate earnings.Cash & Cash Equivalents) / Total Assets Dividend Yield Dividend Yield shows how much a company pays out in dividends each year relative to its share price. as compared to the cost of revenue. Calculation: (Market Cap + Debt + Preferred Stock .Financial and Strategic Analysis Review Source : www. Earnings per Share Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share (EPS) of common stock.

Calculation: (Net Income / Fixed Assets) *100 Return on Working Capital measures the company's profitability to its working capital. as there are no assurances that these two accounts can be converted to cash in a timely matter to meet current liabilities. Bankruptcy analysts and mortgage originators frequently use the liquidity ratios to determine whether a company will be able to continue as a going concern. the more capable the company is of paying its obligations. Calculation: (Current Assets . Calculation: Current Assets / Current Liabilities Quick Ratio Quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.Employed capital investments. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point.com Reference Code: GDGE1203FSA Page 43 . ROCE should always be higher than the rate at which the company borrows. general and administrative expenses that a company incurs compared to the revenues. Calculation: (Net Income / Working Capital) *100 Return on Assets Return on Fixed Assets Return on Working Capital GlobalData Cost Ratios Cost ratios help to understand the costs the company is incurring as a percentage of sales.globalcompanyintelligence. the ratio measures how efficient management is at using its assets to generate earnings. the higher the value of the ratio. It only looks at the most liquid short-term assets of the company. receivables).Financial and Strategic Analysis Review Source : www. Calculation: (Net Income / Total Assets)*100 Return on Fixed Assets measures the company's profitability to its fixed assets (property. Operating costs (% of Operating costs as percentage of total revenues measures the operating costs that a company Sales) incurs compared to the revenues.Inventories) / Current Liabilities Cash ratio is the most stringent and conservative of the three short-term liquidity ratio. Calculation: (Administrative Expenses / Revenues) *100 Interest costs as percentage of total revenues measures the interest expense that a company incurs compared to the revenues. otherwise any increase in borrowing will reduce shareholders' earnings. Calculation: EBIT / (Total Assets – Current Liabilities)*100 Return on Assets is an indicator of how profitable a company is relative to its total assets. The ratio gives an idea of the company's ability to pay back its short-term liabilities (debt and payables) with its shortterm assets (cash. which are those that can be most easily used to pay off current obligations. Calculation: (Interest Expenses / Revenues) *100 Liquidity Ratios Liquidity ratios are used to determine a company's ability to pay off its short-terms debts obligations. inventory. Calculation: (Operating Expenses / Revenues) *100 Administration costs (% of Sales) Interest costs (% of Sales) GlobalData Administration costs as percentage of total revenue measures the selling. Current Ratio Current Ratio measures a company's ability to pay its short-term obligations. Calculation: {(Cash & Bank Balance + Marketable Securities) / Current Liabilities)} Cash Ratio GlobalData Exxon Mobil Corporation (XOM) . plant & equipment). Generally. A company's ability to turn short-term assets into cash to cover debts is of the utmost importance when creditors are seeking payment. the larger the margin of safety that the company possesses to cover short-term debts. The higher the current ratio. It also ignores inventory and receivables.

Calculation: Total Liabilities / Shareholders Equity Debt to Capital Ratio Debt to capital ratio gives an idea of a company's financial structure. Calculation: Net Sales / Fixed Assets Asset Turnover Asset turnover ratio measures the efficiency of a company's use of its assets in generating sales revenue to the company. but the main factors looked at include debt. This indicates to investors whether a company is more prone to using debt financing or equity financing. compared to a general or industry average. A higher asset turnover ratio shows that the company has been more effective in using its assets to generate revenues. Calculation: Net Sales / Current Assets Inventory Turnover ratio shows how many times a company's inventory is sold and replaced over a period. therefore. Fixed Asset Turnover Fixed Asset Turnover ratio indicates how well the business is using its fixed assets to generate sales. Calculation: {Total Debt / (Total assets . A high ratio implies either strong sales or ineffective buying. as it denotes higher productivity. equity.globalcompanyintelligence. excess inventory. A low turnover implies poor sales and.com Reference Code: GDGE1203FSA Page 44 . A declining ratio may indicate that the business is over-invested in plant. For example. Calculation: Net Sales / Shareholders Equity Capex to Sales ratio measures the company's expenditure (investments) on fixed and related assets' effectiveness when compared to the sales generated. along with some insight into its financial strength.Financial and Strategic Analysis Review Source : www.Current Liabilities)} Interest Coverage Ratio is used to determine how easily a company can pay interest on outstanding debt. This provides some useful information as to how effectively a company is using its working capital to generate sales. Debt to Equity Ratio Debt to Equity Ratio is a measure of a company's financial leverage.Leverage Ratios Leverage ratios are used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to measure its ability to meet financial obligations. or other fixed assets. essentially looking at maximizing its use of resources. The higher the debt-to-capital ratio. equipment. Ideally. or how it is financing its operations. A higher ratio indicates the business has less money tied up in fixed assets for each currency unit of sales revenue. A company with high debt-tocapital ratios. Calculation: (Capital Expenditure / Sales) *100 Net income per Employee looks at a company's net income in relation to the number of employees they have. Calculation: Net Sales / Total Assets Current Asset Turnover Inventory Turnover Current Asset Turnover indicates how efficiently the business uses its current assets to generate sales. calculated as earnings before interest & tax by interest expense. the more debt the company has compared to its equity. a company wants a higher profit per employee possible. The debt/equity ratio also depends on the industry in which the company operates. Calculation: Net Income / No. Calculation: Net Sales / Working Capital Capital employed turnover ratio measures the efficiency of a company's use of its equity in generating sales revenue to the company. Calculation: Cost of Goods Sold / Inventory Working Capital Turnover is a measurement to compare the depletion of working capital to the generation of sales. may show weak financial strength because the cost of these debts may weigh on the company and increase its default risk. of Employees Working Capital Turnover Capital Employed Turnover Capex to sales Net income per Employee Exxon Mobil Corporation (XOM) . capital-intensive industries tend to have a higher debt-equity ratio. Calculation: EBIT / Interest Expense Interest Coverage Ratio GlobalData Efficiency Ratios Efficiency ratios measure a company's effectiveness in various areas of its operations. assets and interest expenses. There are several different ratios.

The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. it is good for the bank and its shareholders. An increase means the company is losing a larger percentage of its income to expenses. Exxon Mobil Corporation (XOM) . With a large dedicated research and analysis capability. conclusions and recommendations that GlobalData delivers will be based on information gathered in good faith from both primary and secondary sources. Data is continuously updated and revised by large teams of research experts. photocopying.Financial and Strategic Analysis Review Source : www. of Employees Efficiency Ratio is used to calculate a bank's efficiency. and Solution Consultants use proprietary data sources and various tools and techniques to gather. Researchers. GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research material for this series and its other reports. so that it always reflects the latest events and information. Generally. GlobalData. If the efficiency ratio is getting lower. stored in a retrieval system or transmitted in any form by any means.com Disclaimer All Rights Reserved No part of this publication may be reproduced. whose accuracy we are not always in a position to guarantee. electronic. recording or otherwise. providing detailed information on tens of thousands of companies globally. Contact Us If you have any queries about this report or would like further information. As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.com Reference Code: GDGE1203FSA Page 45 . Calculation: Revenue / No. a company seeks the highest revenue per employee. without the prior permission of the publisher.Revenue per Employee Revenue per Employee measures the average revenue generated per employee of a company. analyze and represent the latest and the most reliable information essential for businesses to sustain a competitive edge. The data and analysis within this report is driven by GlobalData from its own primary and secondary research of public and proprietary sources and does not necessarily represent the views of the company profiled. please contact info@globaldata. GlobalData offers comprehensive geographic coverage across world’s most important sectors. mechanical. This ratio is most useful when compared against other companies in the same industry. Calculation: Non-interest expense / Total Interest Income Efficiency Ratio GlobalData Notes    Financial information of the company is taken from the most recently published annual reports or SEC filings The financial and operational data reported for the company is as per the industry defined standards Revenue converted to USD at average annual conversion rate as of fiscal year end About GlobalData GlobalData is one of the world’s leading providers of company operational data and strategic analysis. Our highly qualified team of Analysts. focusing particularly on energy and healthcare.globalcompanyintelligence. Please note that the findings.

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