Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Exxon Mobil Corp (XOM) using our online tools to quickly. Get SEC filings for Exxon Mobil Corp (XOM), including Annual Report (10k) and Quarterly Report (10Q). Exxon Mobil Corporation was incorporated in the State of New Jersey in Our annual report on Form K, quarterly reports on Form Q, current.
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Table of Exxonmobbil Index to Financial Statements segments. Petroleum product sales of 7, kbd decreased from 7, kbd inprimarily due to divestment impacts. Affiliates of ExxonMobil conduct extensive research programs in support of these businesses.
Large awards are often reversed or substantially reduced as a result of appeal or settlement. Maximizing asset value Maximizing asset value through operational excellence Innovation enables us to invest in high-quality opportunities to enhance our asset portfolio.
Prepaid taxes and expenses. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso and Mobilas well as terms like Corporation, Company, our, we and itsare sometimes used as abbreviated references to specific affiliates or groups of affiliates. For cash flow hedges, the Government and Political Factors. Safety, business controls, and environmental risk management. Cash flow from operations and asset sales is the sum of the net cash provided by operating activities and proceeds from sales of subsidiaries, investments and property, plant and equipment from the Consolidated Statement of Cash Flows.
Committed to innovation, growth, integration, and efficiency.
For any given period, the extent of actual benefit or detriment will be dependent on the price movements of individual types of crude oil, taxes and other government take impacts, price adjustment lags in long-term gas contracts, and crude and gas production volumes.
Integration helps us maximize returns across the Upstream, Downstream, and Chemical businesses. Onshore exploration and production activities are governed by the production license, 10kk license and joint venture agreements negotiated with dxxonmobil Republic of Kazakhstan.
Exploration and production activities are governed by production sharing contracts negotiated with the national oil company.
Equity compensation plans not approved by security holders. The Manager of the Global Reserves group has more than 25 years of experience in reservoir engineering and reserves assessment and has a degree in Engineering. Among renewable energy sources, wind, solar and biofuels are anticipated to grow rapidly at about 9 percent per year, reflecting government subsidies and mandates. Key components of the reserves estimation process include technical evaluations and analysis of well and field performance and a rigorous peer review.
Exploration and production activities are governed by a production sharing agreement negotiated with the Republic of Kazakhstan. The Corporation makes limited use of currency exchange contracts, commodity forwards, swaps and futures contracts to mitigate the impact of changes in currency values and commodity prices.
The multi-year Groningen onshore project to renovate production clusters, install new compression to maintain capacity and extend field life continued. Where applicable, surface geological information was also utilized. Table of Contents Index to Financial Statements initial period of up to ten years and a normal extension period of up to 30 years or in special cases of up to 50 years, and with relinquishment of at least one-half of the original area required at the end of the initial period.
The production period for each discovery, which includes development, is for 20 years from the date of declaration of commerciality with the possibility of two ten-year extensions. Some exploration activities are carried out in deepwater by joint ventures with local companies holding interests in an OPL.
Shares outstanding were reduced by 6. For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income.
Exxon Mobil Corp (XOM) 10K Annual Reports & 10Q SEC Filings | Last10K
If evidence of an other than temporary loss in fair value below carrying amount is determined, an impairment is recognized. A variety of claims have been made against the Corporation and certain of its consolidated subsidiaries in a number of pending lawsuits. The portion attributable to the Bitumen will be extracted from oil sands produced from open-pit mining operations, and processed through a bitumen extraction and froth treatment plant.
ExxonMobil sells crude oil and natural gas from its producing operations under a variety of contractual obligations, some of which may specify the delivery of a fixed and determinable quantity for periods longer than one year. Lack of legal certainty exposes our operations to increased risk of adverse or unpredictable actions by government officials, and also makes it more difficult for us to enforce our contracts.
This collaboration leads to: XTO was completed in Industry and Economic Factors: Total dry exploratory wells drilled. Production licenses are normally granted for 20 to 25 years with multiple possible extensions as long as there is production on the license. The Chemical business supplies olefins, polyolefins, aromatics, and a wide variety of other petrochemicals. Indicate by check mark whether the registrant 1 has filed all reports required to be filed by Section 13 or 15 d of the Securities Exchange Act of during the preceding 12 months or for such shorter period that the registrant was required to file such reportsand 2 has been subject to such filing requirements for the past 90 days.
Our future results may depend in part on the success of our research efforts and on our ability to adapt and apply the strengths of our current business model to providing the energy products of the future in a cost-competitive manner. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects.
The extent to which we manage these factors exxonmoil impact our performance relative to competition. Highlight Finding opportunities to grow One benefit of our integration strategy is the ability to capitalize on business opportunities by expanding existing sites, rather than building new ones. Reliability is also a key driver to profitability.
Substantial liabilities and other adverse impacts could result if our management systems and controls do not function as intended.
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The production period, which includes development, is for 25 years or 35 years with the possibility of one or two five-year extensions.
Includes pre-stripping of mine areas and reclamation volumes. Exploration and production activities are governed by the Oil and Gas Act. Minority share of assets and liabilities.