EXXON MOBIL CORP | 2013 | FY | 3


18. Disclosures about Segments and Related Information

The Upstream, Downstream and Chemical functions best define the operating segments of the business that are reported separately. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment. The Upstream segment is organized and operates to explore for and produce crude oil and natural gas. The Downstream segment is organized and operates to manufacture and sell petroleum products. The Chemical segment is organized and operates to manufacture and sell petrochemicals. These segments are broadly understood across the petroleum and petrochemical industries.

These functions have been defined as the operating segments of the Corporation because they are the segments (1) that engage in business activities from which revenues are earned and expenses are incurred; (2) whose operating results are regularly reviewed by the Corporation's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and (3) for which discrete financial information is available.

Earnings after income tax include transfers at estimated market prices.

In corporate and financing activities, interest revenue relates to interest earned on cash deposits and marketable securities. Interest expense includes non-debt-related interest expense of $202 million and $165 million in 2012 and 2011, respectively. For 2013, non-debt-related interest expense was a net credit of $123 million, primarily reflecting the effect of credits from the favorable resolution of prior year tax positions.

 

                Corporate 
 Upstream Downstream Chemical  andCorporate
 U.S.Non-U.S. U.S.Non-U.S. U.S.Non-U.S. FinancingTotal
  (millions of dollars)
As of December 31, 2013                   
Earnings after income tax 4,191 22,650  2,199 1,250  2,755 1,073  (1,538) 32,580
Earnings of equity companies above 1,576 11,627  (460) 22  189 1,422  (449) 13,927
Sales and other operating revenue (1) 13,712 25,349  123,802 218,904  15,295 23,753  21 420,836
Intersegment revenue 8,343 45,761  20,781 52,624  11,993 8,232  285  -
Depreciation and depletion expense 5,170 8,277  633 1,390  378 632  702 17,182
Interest revenue  -  -   -  -   -  -  87 87
Interest expense 30 26  7 8   1  -  (63) 9
Income taxes 2,197 21,554  721 481  989 363  (2,042) 24,263
Additions to property, plant and equipment 7,480 26,075  616 1,072  840 272  1,386 37,741
Investments in equity companies 4,975 9,740  62 1,749  217 3,103  (227) 19,619
Total assets 88,698 157,465  19,261 40,661  7,816 19,659  13,248 346,808
                    
As of December 31, 2012                   
Earnings after income tax 3,925 25,970  3,575 9,615  2,220 1,678  (2,103) 44,880
Earnings of equity companies above 1,759 11,900  6 387  183 1,267  (492) 15,010
Sales and other operating revenue (1) 11,039 27,673  125,088 248,959  14,723 24,003  24 451,509
Intersegment revenue 8,764 47,507  20,963 62,130  12,409 9,750  258  -
Depreciation and depletion expense 5,104 7,340  594 1,280  376 508  686 15,888
Interest revenue  -  -   -  -   -  -  117 117
Interest expense 37 13  3 36   - (1)  239 327
Income taxes 2,025 25,362  1,811 1,892  755 232  (1,032) 31,045
Additions to property, plant and equipment 9,697 21,769  480 1,153  338 659  1,083 35,179
Investments in equity companies 4,020 9,147  195 2,069  233 3,143  (277) 18,530
Total assets 86,146 140,848  18,451 40,956  7,238 18,886  21,270 333,795
                    
As of December 31, 2011                   
Earnings after income tax 5,096 29,343  2,268 2,191  2,215 2,168  (2,221) 41,060
Earnings of equity companies above 2,045 11,768  7 353  198 1,365  (447) 15,289
Sales and other operating revenue (1) 14,023 32,419  120,844 257,779  15,466 26,476  22 467,029
Intersegment revenue 9,807 49,910  18,489 73,549  12,226 10,563  262  -
Depreciation and depletion expense 4,879 7,021  650 1,560  380 458  635 15,583
Interest revenue  -  -   -  -   -  -  135 135
Interest expense 30 36  10 24  2 (1)  146 247
Income taxes 2,852 25,755  1,123 696  1,027 465  (867) 31,051
Additions to property, plant and equipment 10,887 18,934  400 1,334  241 910  932 33,638
Investments in equity companies 2,963 8,439  210 1,358  253 3,973  (228) 16,968
Total assets 82,900 127,977  18,354 51,132  7,245 19,862  23,582 331,052

Geographic      
        
Sales and other operating revenue (1) 2013 2012 2011
   (millions of dollars)
        
United States 152,820 150,865 150,343
Non-U.S. 268,016 300,644 316,686
 Total 420,836 451,509 467,029
        
Significant non-U.S. revenue sources include:      
 Canada 35,924 34,325 34,626
 United Kingdom 34,061 33,600 34,833
 Belgium 20,973 23,567 26,926
 Italy 19,273 18,228 16,288
 France 18,444 19,601 18,510
 Germany 15,701 15,871 17,034
 Singapore 15,623 14,606 14,400
 Japan 124 14,162 31,925

(1)       Sales and other operating revenue includes sales-based taxes of $30,589 million for 2013, $32,409 million for 2012 and $33,503 million for 2011. See Note 1, Summary of Accounting Policies.

Long-lived assets 2013 2012 2011
   (millions of dollars)
        
United States 98,271 94,336 91,146
Non-U.S. 145,379 132,613 123,518
 Total 243,650 226,949 214,664
        
Significant non-U.S. long-lived assets include:      
 Canada 41,522 31,979 24,458
 Australia 14,258 13,415 9,474
 Nigeria 12,343 12,216 11,806
 Singapore 9,570 9,700 9,285
 Kazakhstan 8,530 7,785 7,022
 Angola 8,262 8,238 10,395
 Norway 6,542 7,040 6,039
 Papua New Guinea 5,768 4,599 3,013

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