Exxon Mobil (XOM)
Q1 2012 Earnings Call
April 26, 2012 11:00 am ET
David S. Rosenthal - Vice President of Investor Relations and Secretary
Douglas Terreson - ISI Group Inc., Research Division
Douglas George Blyth Leggate - BofA Merrill Lynch, Research Division
Robert A. Kessler - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division
Evan Calio - Morgan Stanley, Research Division
Arjun N. Murti - Goldman Sachs Group Inc., Research Division
Iain Reid - Jefferies & Company, Inc., Research Division
Paul Y. Cheng - Barclays Capital, Research Division
Blake Fernandez - Howard Weil Incorporated, Research Division
Edward Westlake - Crédit Suisse AG, Research Division
Faisel Khan - Citigroup Inc, Research Division
Allen Good - Morningstar Inc., Research Division
Philip Weiss - Argus Research Company
Pavel Molchanov - Raymond James & Associates, Inc., Research Division
Good day, everyone, and welcome to this Exxon Mobil Corporation First Quarter 2012 Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks, I would like to turn the call over to the Vice President of Investor Relations and Secretary, Mr. David Rosenthal. Please go ahead, sir.
David S. Rosenthal
Good morning, and welcome to ExxonMobil's first quarter earnings call and webcast. The focus of this call is ExxonMobil's financial and operating results for the first quarter of 2012. I will refer to the slides that are available through the Investors section of our website.
Before we go further, I would like to draw your attention to our customary cautionary statement shown on Slide 2. Moving to Slide 3, we provide an overview of some of the external factors impacting our results. Global economic growth slowed in the first quarter, primarily due to continued contraction in the European Union. The U.S. and Japanese economies are also expected to show declines from fourth quarter levels. China growth, while still robust, was also lower in the first quarter.