Exxon Mobil Management Discusses Q1 2012 Results - Earnings Call Transcript

Exxon Mobil (XOM)

Q1 2012 Earnings Call

April 26, 2012 11:00 am ET

Executives

David S. Rosenthal - Vice President of Investor Relations and Secretary

Analysts

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

Presentation

Operator

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.

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