| Equity Company Information |
6. Equity Company Information
The summarized financial information below includes amounts related to certain less-than-majority-owned companies and majority-owned subsidiaries where minority shareholders possess the right to participate in significant management decisions (see Note 1). These companies are primarily engaged in crude production, natural gas marketing and refining operations in North America; natural gas production, natural gas distribution and downstream operations in Europe; crude production in Kazakhstan; and liquefied natural gas (LNG) operations in Qatar. Also included are several power generation, refining, petrochemical manufacturing and chemical ventures. The Corporation's ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships. The share of total equity company revenues from sales to ExxonMobil consolidated companies was 19 percent, 18 percent and 19 percent in the years 2011, 2010 and 2009, respectively.
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2011 |
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2010 |
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2009 |
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| Equity Company Financial Summary |
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Total |
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ExxonMobil
Share |
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Total |
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ExxonMobil
Share |
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Total |
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ExxonMobil
Share |
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(millions of dollars) |
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Total revenues |
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$ |
204,635 |
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$ |
65,147 |
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$ |
153,020 |
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$ |
48,355 |
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$ |
112,153 |
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$ |
36,570 |
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Income before income taxes |
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$ |
68,908 |
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$ |
20,892 |
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$ |
48,075 |
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$ |
14,735 |
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$ |
28,472 |
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$ |
9,632 |
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Income taxes |
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19,812 |
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5,603 |
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13,962 |
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4,058 |
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7,775 |
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2,489 |
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Income from equity affiliates |
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$ |
49,096 |
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$ |
15,289 |
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$ |
34,113 |
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$ |
10,677 |
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$ |
20,697 |
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$ |
7,143 |
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Current assets |
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$ |
52,879 |
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$ |
17,317 |
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$ |
48,573 |
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$ |
15,860 |
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$ |
37,376 |
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$ |
12,843 |
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Long-term assets |
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96,908 |
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30,833 |
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90,646 |
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29,805 |
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88,153 |
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27,983 |
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Total assets |
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$ |
149,787 |
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$ |
48,150 |
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$ |
139,219 |
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$ |
45,665 |
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$ |
125,529 |
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$ |
40,826 |
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Current liabilities |
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$ |
41,016 |
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$ |
12,454 |
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$ |
33,160 |
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$ |
10,260 |
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$ |
24,854 |
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$ |
8,085 |
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Long-term liabilities |
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62,472 |
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18,728 |
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59,596 |
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17,976 |
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57,384 |
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16,999 |
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Net assets |
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$ |
46,299 |
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$ |
16,968 |
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$ |
46,463 |
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$ |
17,429 |
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$ |
43,291 |
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$ |
15,742 |
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A list of significant equity companies as of December 31, 2011, together with the Corporation's percentage ownership interest, is detailed below:
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Percentage
Ownership
Interest |
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Upstream |
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Aera Energy LLC |
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48 |
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BEB Erdgas und Erdoel GmbH |
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50 |
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Cameroon Oil Transportation Company S.A. |
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41 |
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Castle Peak Power Company Limited |
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60 |
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Golden Pass LNG Terminal LLC |
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18 |
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Nederlandse Aardolie Maatschappij B.V. |
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50 |
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Qatar Liquefied Gas Company Limited |
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10 |
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Qatar Liquefied Gas Company Limited 2 |
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24 |
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Ras Laffan Liquefied Natural Gas Company Limited |
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25 |
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Ras Laffan Liquefied Natural Gas Company Limited II |
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31 |
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Ras Laffan Liquefied Natural Gas Company Limited (3) |
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30 |
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South Hook LNG Terminal Company Limited |
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24 |
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Tengizchevroil, LLP |
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25 |
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Terminale GNL Adriatico S.r.l. |
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71 |
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Downstream |
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Chalmette Refining, LLC |
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50 |
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Fujian Refining & Petrochemical Co. Ltd. |
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25 |
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Saudi Aramco Mobil Refinery Company Ltd. |
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50 |
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Chemical |
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Al-Jubail Petrochemical Company |
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50 |
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Infineum Holdings B.V. |
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50 |
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Saudi Yanbu Petrochemical Co. |
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50 |
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Toray Tonen Specialty Separator Godo Kaisha |
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50 |
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