Using internet resources, such as Yahoo, Google, or fortune.com to develop a sho

Question

Using internet resources, such as Yahoo, Google, or fortune.com to develop a short 1 to 2 page profile of the company Exxon Mobil. In groups of 3 or 4, discuss each corporate profile.

I. Company Information

a. Company name

b. State of incorporation

c. Nature of operations

II. Financial Information.

    Total assets for the most recent balance sheet. (a)

a. Total Assets

        Total revenues for the most recent income statement. (b)

b. Total Revenue

Net income for the most recent income statement. (c)

c. Net Income

III. Stock Information

a. Stock classes:

Classes of stock outstanding & Market price of the stock outstanding:

                  i. Preferred, Class A

                   ii. Common, Class A

                  iii. Common, Class B

b. Stock Prices

High and Low price of the stock for the past year & Market price of the stock outstanding:

                           i, Closing price on January 16, 2018

                           ii. 52- week high

                            iii. 52-week low

c. Dividends per share (per stock class)

Dividends paid for each share of stock during the past year:

                    i. Preferred dividends

                    ii. Common, Class A

                  iii. Common, Class B

IV. Other Information

a Presentation of Cash Flows

b. Contingent Liabilities

Answer the following questions for topic IV:

Did they have any Contingent Liabilities?

Tell me about their statement of cash flows, as far as the manner of presentation.

Was it presented on the Indirect Method, or was it presented with the Direct Method?

Explanation / Answer

Ia. Company name: Exxon Mobil Corporation

b. State of incorporation: New Jersey

c. Nature of operations: The principal business of the company is in the field of energy. Primarily the company is involved in exploration for, and production of crude oil and natural gas. The company also manufactures and sells different petroleum products, commodity petrochemicals, polyethylene and polypropylene.

IIa. Total assets (in $ millions) = 348,691. This is as on December 31, 2017.

b. Total revenue for the year 2017 (in $ millions) = 244,363

c. Net income for the year 2017 (in $ millions) = 19,710

IIIa. The company has 9,000 million shares of Class A common stock authorized and 8,019 million shares issued (as on December 31, 2017). Shares outstanding on December 31, 2017 = 4,237 million shares. It had no preferred stock or class B common stock in its books.

b. i. Closing price on January 16, 2018 = $86.97

ii. 52 week high = $89.3

iii. 52 week low = $73.39

c. Dividends paid per share in 2017 = $3.06

IV. a. The company uses indirect method for preparing its cash flow statement. Cash flow from operations are computed using the net income as basis and then adjusting it for non cash transactions like depreciation and amortization, deferred income tax charges, postretirement benefit expense. Working capital changes are also accounted for.

b. Yes, the company had contingent liabilities for guarantees relating to notes, loans and performance under contracts. The total amount of contingent liabilities with regards to equity company obligations and third party obligations stood at $6,073 million as on 31st December 2017.

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