Condensed Consolidating Financial Information Related To Guaranteed Securities Issued By Subsidiaries

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Information Related To Guaranteed Securities Issued By Subsidiaries

Condensed Consolidating Financial Information Related To Guaranteed Securities Issued By Subsidiaries

8.	Condensed Consolidating Financial Information Related to Guaranteed Securities Issued by Subsidiaries

Exxon Mobil Corporation has fully and unconditionally guaranteed the deferred interest debentures due 2012 ($2,594 million short-term) and the debt securities due 2011 ($13 million short-term) of SeaRiver Maritime Financial Holdings, Inc., a 100-percent-owned subsidiary of Exxon Mobil Corporation.

The following condensed consolidating financial information is provided for Exxon Mobil Corporation, as guarantor, and for SeaRiver Maritime Financial Holdings, Inc., as issuer, as an alternative to providing separate financial statements for the issuer. The accounts of Exxon Mobil Corporation and SeaRiver Maritime Financial Holdings, Inc. are presented utilizing the equity method of accounting for investments in subsidiaries.


	Exxon Mobil Corporation Parent Guarantor			SeaRiver Maritime Financial Holdings Inc.			All Other Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
	*(millions of dollars)*

Condensed consolidated statement of income for three months ended September 30, 2011
Revenues and other income
Sales and other operating revenue, including sales-based taxes	$	4,600		$	—		$	115,875		$	—		$	120,475
Income from equity affiliates		10,010			(9	)		3,894			(9,980	)		3,915
Other income		25			—			915			—			940
Intercompany revenue		14,052			—			113,499			(127,551	)		—

Total revenues and other income		28,687			(9	)		234,183			(137,531	)		125,330

Costs and other deductions
Crude oil and product purchases		14,641			—			179,354			(124,706	)		69,289
Production and manufacturing expenses		2,062			—			9,601			(1,464	)		10,199
Selling, general and administrative expenses		743			—			3,209			(188	)		3,764
Depreciation and depletion		378			—			3,488			—			3,866
Exploration expenses, including dry holes		57			—			671			—			728
Interest expense		76			68			1,166			(1,212	)		98
Sales-based taxes		—			—			8,484			—			8,484
Other taxes and duties		10			—			10,212			—			10,222

Total costs and other deductions		17,967			68			216,185			(127,570	)		106,650

Income before income taxes		10,720			(77	)		17,998			(9,961	)		18,680
Income taxes		390			(25	)		7,644			—			8,009

Net income including noncontrolling interests		10,330			(52	)		10,354			(9,961	)		10,671
Net income attributable to noncontrolling interests		—			—			341			—			341

Net income attributable to ExxonMobil	$	10,330		$	(52	)	$	10,013		$	(9,961	)	$	10,330

	Exxon Mobil Corporation Parent Guarantor			SeaRiver Maritime Financial Holdings Inc.			All Other Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
	*(millions of dollars)*

Condensed consolidated statement of income for three months ended September 30, 2010
Revenues and other income
Sales and other operating revenue, including sales-based taxes	$	3,835		$	—		$	88,518		$	—		$	92,353
Income from equity affiliates		6,858			(3	)		2,422			(6,834	)		2,443
Other income		106			—			396			—			502
Intercompany revenue		9,244			1			81,258			(90,503	)		—

Total revenues and other income		20,043			(2	)		172,594			(97,337	)		95,298

Costs and other deductions
Crude oil and product purchases		9,545			—			127,361			(88,031	)		48,875
Production and manufacturing expenses		1,972			—			8,229			(1,219	)		8,982
Selling, general and administrative expenses		693			—			3,190			(176	)		3,707
Depreciation and depletion		410			—			3,434			—			3,844
Exploration expenses, including dry holes		35			—			465			—			500
Interest expense		67			62			1,020			(1,095	)		54
Sales-based taxes		—			—			7,172			—			7,172
Other taxes and duties		8			—			9,298			—			9,306

Total costs and other deductions		12,730			62			160,169			(90,521	)		82,440

Income before income taxes		7,313			(64	)		12,425			(6,816	)		12,858
Income taxes		(37	)		(23	)		5,357			—			5,297

Net income including noncontrolling interests		7,350			(41	)		7,068			(6,816	)		7,561
Net income attributable to noncontrolling interests		—			—			211			—			211

Net income attributable to ExxonMobil	$	7,350		$	(41	)	$	6,857		$	(6,816	)	$	7,350


Condensed consolidated statement of income for nine months ended September 30, 2011
Revenues and other income
Sales and other operating revenue, including sales-based taxes	$	13,658		$	—		$	337,462		$	—		$	351,120
Income from equity affiliates		30,333			(22	)		11,386			(30,235	)		11,462
Other income		81			—			2,157			—			2,238
Intercompany revenue		40,753			2			337,888			(378,643	)		—

Total revenues and other income		84,825			(20	)		688,893			(408,878	)		364,820

Costs and other deductions
Crude oil and product purchases		42,324			—			527,228			(370,319	)		199,233
Production and manufacturing expenses		5,942			—			28,335			(4,236	)		30,041
Selling, general and administrative expenses		2,180			—			9,432			(540	)		11,072
Depreciation and depletion		1,189			—			10,319			—			11,508
Exploration expenses, including dry holes		168			—			1,486			—			1,654
Interest expense		217			205			3,356			(3,606	)		172
Sales-based taxes		—			—			25,013			—			25,013
Other taxes and duties		30			—			29,881			—			29,911

Total costs and other deductions		52,050			205			635,050			(378,701	)		308,604

Income before income taxes		32,775			(225	)		53,843			(30,177	)		56,216
Income taxes		1,115			(76	)		22,695			—			23,734

Net income including noncontrolling interests		31,660			(149	)		31,148			(30,177	)		32,482
Net income attributable to noncontrolling interests		—			—			822			—			822

Net income attributable to ExxonMobil	$	31,660		$	(149	)	$	30,326		$	(30,177	)	$	31,660

	Exxon Mobil Corporation Parent Guarantor			SeaRiver Maritime Financial Holdings Inc.			All Other Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
	*(millions of dollars)*

Condensed consolidated statement of income for nine months ended September 30, 2010
Revenues and other income
Sales and other operating revenue, including sales-based taxes	$	11,622		$	—		$	257,461		$	—		$	269,083
Income from equity affiliates		20,445			(3	)		7,151			(20,369	)		7,224
Other income		403			—			1,325			—			1,728
Intercompany revenue		28,330			3			242,859			(271,192	)		—

Total revenues and other income		60,800			—			508,796			(291,561	)		278,035

Costs and other deductions
Crude oil and product purchases		29,886			—			377,952			(263,709	)		144,129
Production and manufacturing expenses		5,741			—			23,882			(3,830	)		25,793
Selling, general and administrative expenses		2,159			—			9,191			(522	)		10,828
Depreciation and depletion		1,268			—			9,222			—			10,490
Exploration expenses, including dry holes		163			—			1,430			—			1,593
Interest expense		199			185			2,949			(3,184	)		149
Sales-based taxes		—			—			20,933			—			20,933
Other taxes and duties		23			—			26,465			—			26,488

Total costs and other deductions		39,439			185			472,024			(271,245	)		240,403

Income before income taxes		21,361			(185	)		36,772			(20,316	)		37,632
Income taxes		151			(68	)		15,667			—			15,750

Net income including noncontrolling interests		21,210			(117	)		21,105			(20,316	)		21,882
Net income attributable to noncontrolling interests		—			—			672			—			672

Net income attributable to ExxonMobil	$	21,210		$	(117	)	$	20,433		$	(20,316	)	$	21,210

	Exxon Mobil Corporation Parent Guarantor			SeaRiver Maritime Financial Holdings Inc.			All Other Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
	*(millions of dollars)*
Condensed consolidated balance sheet as of September 30, 2011
Cash and cash equivalents	$	1,000		$	—		$	10,022		$	—		$	11,022
Cash and cash equivalents - restricted		13			—			220			—			233
Notes and accounts receivable - net		3,301			39			32,289			(1,261	)		34,368
Inventories		1,762			—			14,968			—			16,730
Other current assets		521			—			6,502			—			7,023

Total current assets		6,597			39			64,001			(1,261	)		69,376
Property, plant and equipment - net		19,398			—			189,796			—			209,194
Investments and other assets		283,235			395			484,672			(723,645	)		44,657
Intercompany receivables		16,237			2,674			591,366			(610,277	)		—

Total assets	$	325,467		$	3,108		$	1,329,835		$	(1,335,183	)	$	323,227


Notes and loans payable	$	1,960		$	2,607		$	2,864		$	—		$	7,431
Accounts payable and accrued liabilities		3,477			73			51,022			—			54,572
Income taxes payable		—			—			14,229			(1,261	)		12,968

Total current liabilities		5,437			2,680			68,115			(1,261	)		74,971
Long-term debt		294			—			9,037			—			9,331
Postretirement benefits reserves		9,853			—			9,704			—			19,557
Deferred income tax liabilities		1,171			—			35,720			—			36,891
Other long-term obligations		4,964			—			15,301			—			20,265
Intercompany payables		147,809			381			462,087			(610,277	)		—

Total liabilities		169,528			3,061			599,964			(611,538	)		161,015


Earnings reinvested		323,786			(997	)		161,935			(160,938	)		323,786
Other ExxonMobil equity		(167,847	)		1,044			561,663			(562,707	)		(167,847	)

ExxonMobil share of equity		155,939			47			723,598			(723,645	)		155,939
Noncontrolling interests		—			—			6,273			—			6,273

Total equity		155,939			47			729,871			(723,645	)		162,212

Total liabilities and equity	$	325,467		$	3,108		$	1,329,835		$	(1,335,183	)	$	323,227


Condensed consolidated balance sheet as of December 31, 2010
Cash and cash equivalents	$	309		$	—		$	7,516		$	—		$	7,825
Cash and cash equivalents - restricted		371			—			257			—			628
Notes and accounts receivable - net		2,104			—			30,346			(166	)		32,284
Inventories		1,457			—			11,519			—			12,976
Other current assets		239			—			5,032			—			5,271

Total current assets		4,480			—			54,670			(166	)		58,984
Property, plant and equipment - net		18,830			—			180,718			—			199,548
Investments and other assets		255,005			458			462,893			(674,378	)		43,978
Intercompany receivables		18,186			2,457			528,405			(549,048	)		—

Total assets	$	296,501		$	2,915		$	1,226,686		$	(1,223,592	)	$	302,510


Notes and loans payable	$	1,042		$	13		$	1,732		$	—		$	2,787
Accounts payable and accrued liabilities		2,987			—			47,047			—			50,034
Income taxes payable		—			3			9,975			(166	)		9,812

Total current liabilities		4,029			16			58,754			(166	)		62,633
Long-term debt		295			2,389			9,543			—			12,227
Postretirement benefits reserves		9,660			—			9,707			—			19,367
Deferred income tax liabilities		642			107			34,401			—			35,150
Other long-term obligations		5,632			—			14,822			—			20,454
Intercompany payables		129,404			382			419,262			(549,048	)		—

Total liabilities		149,662			2,894			546,489			(549,214	)		149,831


Earnings reinvested		298,899			(848	)		132,357			(131,509	)		298,899
Other ExxonMobil equity		(152,060	)		869			542,000			(542,869	)		(152,060	)

ExxonMobil share of equity		146,839			21			674,357			(674,378	)		146,839
Noncontrolling interests		—			—			5,840			—			5,840

Total equity		146,839			21			680,197			(674,378	)		152,679

Total liabilities and equity	$	296,501		$	2,915		$	1,226,686		$	(1,223,592	)	$	302,510

	Exxon Mobil Corporation Parent Guarantor			SeaRiver Maritime Financial Holdings Inc.			All Other Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
	*(millions of dollars)*

Condensed consolidated statement of cash flows for nine months ended September 30, 2011
Cash provided by/(used in) operating activities	$	5,433		$	2		$	39,907		$	(748	)	$	44,594

Cash flows from investing activities
Additions to property, plant and equipment		(1,871	)		—			(20,470	)		—			(22,341	)
Sales of long-term assets		168			—			4,078			—			4,246
Net intercompany investing		19,936			(177	)		(20,201	)		442			—
All other investing, net		(1,320	)		—			(738	)		—			(2,058	)

Net cash provided by/(used in) investing activities		16,913			(177	)		(37,331	)		442			(20,153	)

Cash flows from financing activities
Additions to long-term debt		—			—			457			—			457
Reductions in long-term debt		—			—			(236	)		—			(236	)
Additions/(reductions) in short-term debt - net		915			—			499			—			1,414
Cash dividends		(6,773	)		—			(748	)		748			(6,773	)
Net ExxonMobil shares sold/(acquired)		(16,017	)		—			—			—			(16,017	)
Net intercompany financing activity		—			—			267			(267	)		—
All other financing, net		220			175			(276	)		(175	)		(56	)

Net cash provided by/(used in) financing activities		(21,655	)		175			(37	)		306			(21,211	)

Effects of exchange rate changes on cash		—			—			(33	)		—			(33	)

Increase/(decrease) in cash and cash equivalents	$	691		$	—		$	2,506		$	—		$	3,197


Condensed consolidated statement of cash flows for nine months ended September 30, 2010
Cash provided by/(used in) operating activities	$	32,326		$	2		$	8,463		$	(5,433	)	$	35,358

Cash flows from investing activities
Additions to property, plant and equipment		(2,459	)		—			(16,742	)		—			(19,201	)
Sales of long-term assets		528			—			1,079			—			1,607
Net intercompany investing		(18,096	)		(152	)		17,894			354			—
All other investing, net		7			—			463			—			470

Net cash provided by/(used in) investing activities		(20,020	)		(152	)		2,694			354			(17,124	)

Cash flows from financing activities
Additions to long-term debt		—			—			374			—			374
Reductions in long-term debt		—			—			(2,587	)		—			(2,587	)
Additions/(reductions) in short-term debt - net		936			—			(1,665	)		—			(729	)
Cash dividends		(6,286	)		—			(5,433	)		5,433			(6,286	)
Net ExxonMobil shares sold/(acquired)		(7,066	)		—			—			—			(7,066	)
Net intercompany financing activity		—			—			204			(204	)		—
All other financing, net		47			150			(247	)		(150	)		(200	)

Net cash provided by/(used in) financing activities		(12,369	)		150			(9,354	)		5,079			(16,494	)

Effects of exchange rate changes on cash		—			—			(189	)		—			(189	)

Increase/(decrease) in cash and cash equivalents	$	(63	)	$	—		$	1,614		$	—		$	1,551