Exxon Mobil Corp. (XOM)

ExxonMobil generally sells crude oil, natural gas and petroleum and chemical products under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments. Revenues are recognized when the products are delivered, which occurs when the customer has taken title and has assumed the risks and rewards of ownership, prices are fixed or determinable and collectibility is reasonably assured.

Revenues from the production of natural gas properties in which ExxonMobil has an interest with other producers are recognized on the basis of ExxonMobil's net working interest. Differences between actual production and net working interest volumes are not significant.

Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold.

Source: Exxon Mobil Corp., Annual Report

Exxon Mobil Corp., Income Statement, Revenues

USD $ in millions

	12 months ended	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	U.S.
	Non-U.S.
	Upstream
	U.S.
	Non-U.S.
	Downstream
	U.S.
	Non-U.S.
	Chemical
	Corporate and Financing
	Sales and other operating revenue

Source: Exxon Mobil Corp. Annual Reports