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2016 Analyst Meeting – ExxonMobil

ExxonMobil · Mar 2, 2016 · 70 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2016 Analyst Meeting – ExxonMobil – slide 1
    2016 Analyst Meeting New York Stock Exchange March 2, 2016
  2. 2016 Analyst Meeting – ExxonMobil – slide 2
    Key Messages
  3. 2016 Analyst Meeting – ExxonMobil – slide 3
    Key Messages Relentless focus on business fundamentals Resilient integrated business model through the commodity price cycle Disciplined and paced investment approach focused on creating value Commitment to reliable and growing…
  4. 2016 Analyst Meeting – ExxonMobil – slide 4
    Creating Value Through the Cycle Strategic Overview
  5. 2016 Analyst Meeting – ExxonMobil – slide 5
    Creating Value Through the Cycle: Strategic Overview ExxonMobil Strategy Provide industry leadership to meet the worlds energy needs Risk World-Class Management Operational Workforce Excellence GROWING Technology Investment &…
  6. 2016 Analyst Meeting – ExxonMobil – slide 6
    Creating Value Through the Cycle: Strategic Overview Business Environment Continued emphasis on fundamentals throughout the cycle Brent /Barrel Operational integrity 150 Maximizing reliability 100 Lowering cost structure &…
  7. 2016 Analyst Meeting – ExxonMobil – slide 7
    Creating Value Through the Cycle: Strategic Overview Operations Integrity Risk management is at the core of our business Safety Security Operations Integrity Management System Leadership & People Proven approach, rigorously…
  8. 2016 Analyst Meeting – ExxonMobil – slide 8
    Creating Value Through the Cycle: Strategic Overview Environmental Protection Protect Tomorrow. Today. Greenhouse Gas Reductions from XOM Actions* Net Equity, CO2-equivalent emissions, millions of metric tons Mitigating impact from…
  9. 2016 Analyst Meeting – ExxonMobil – slide 9
    Creating Value Through the Cycle: Strategic Overview Business Integration Delivers industry-leading returns through the business cycle Understanding of full value chain leads to resilient investments and operations Diverse asset…
  10. 2016 Analyst Meeting – ExxonMobil – slide 10
    Creating Value Through the Cycle: Strategic Overview Value Chain Management Capturing the highest value for every molecule Crude Integrated market view optimizes business Upstream Natural Gas value LNG Global Supply organization…
  11. 2016 Analyst Meeting – ExxonMobil – slide 11
    Creating Value Through the Cycle: Strategic Overview Long-Term Efficiency Capture Dynamic approach to organizational effectiveness and asset optimization Integrated learning organization Organizational Effectiveness Houston…
  12. 2016 Analyst Meeting – ExxonMobil – slide 12
    Creating Value Through the Cycle: Strategic Overview Staffing Efficiency Currently 38% leaner since Exxon and Mobil merger Total Employees* K Exxon Manage long-term staffing effectively Mobil 120 ExxonMobil Capturing efficiencies…
  13. 2016 Analyst Meeting – ExxonMobil – slide 13
    Creating Value Through the Cycle: Strategic Overview Cost Leadership Benefiting from ongoing efficiencies and cost deflation 2015 Market Cost Savings Percent Procurement organization capturing lowest 50 life cycle costs 40 11.5B…
  14. 2016 Analyst Meeting – ExxonMobil – slide 14
    Creating Value Through the Cycle: Strategic Overview Asset Management Upgrading portfolio to maximize shareholder value Divestment / restructuring activities in last 10 years Highgrading capital employed base Proceeds from Asset…
  15. 2016 Analyst Meeting – ExxonMobil – slide 15
    Creating Value Through the Cycle: Strategic Overview Financial Flexibility Capacity to execute business strategy through the cycle Total Capitalization, Leverage, and Credit Rating* B Substantial flexibility to respond to 400…
  16. 2016 Analyst Meeting – ExxonMobil – slide 16
    Energy Outlook 17
  17. 2016 Analyst Meeting – ExxonMobil – slide 17
    Creating Value Through the Cycle: Energy Outlook Growth Led by Developing Economies Global energy demand expected to grow about 25% by 2040 Global Energy Demand Quadrillion BTUs Non-OECD nations drive growth in GDP and 750 energy…
  18. 2016 Analyst Meeting – ExxonMobil – slide 18
    Creating Value Through the Cycle: Energy Outlook Energy Demand to 2040 Oil and natural gas expected to meet about 60% of global energy demand in 2040 Global Energy Demand Quadrillion BTUs Oil and natural gas lead growth as 250…
  19. 2016 Analyst Meeting – ExxonMobil – slide 19
    Creating Value Through the Cycle: Energy Outlook Key Perspectives Outlook guides our business strategy and investment plans Affordable energy solutions are essential to advance global prosperity Diverse energy supplies are…
  20. 2016 Analyst Meeting – ExxonMobil – slide 20
    Creating Value Through the Cycle Differentiated Performance
  21. 2016 Analyst Meeting – ExxonMobil – slide 21
    Creating Value Through the Cycle: Differentiated Performance 2015 Results Results demonstrate strength of integrated business Workforce Lost-Time Incident Rate Employee and Contractor Incidents per 200K hours Leading safety…
  22. 2016 Analyst Meeting – ExxonMobil – slide 22
    Creating Value Through the Cycle: Differentiated Performance Return on Capital Employed Proven business model continues to deliver ROCE leadership Return on Average Capital Employed* Percent 2015 ROCE of 7.9% in 2015 20 '11 to…
  23. 2016 Analyst Meeting – ExxonMobil – slide 23
    Creating Value Through the Cycle: Differentiated Performance Portfolio Quality Investment discipline underpins industry-leading returns Asset Impairments, After Tax* B '14 to '15 Portfolio durable across a wide range of 25 '08 to…
  24. 2016 Analyst Meeting – ExxonMobil – slide 24
    Creating Value Through the Cycle: Differentiated Performance Upstream Capital Efficiency Capital efficiency underpins long-term financial performance Average Capital Employed per Barrel of Proved Reserves* /OEB High-quality,…
  25. 2016 Analyst Meeting – ExxonMobil – slide 25
    Creating Value Through the Cycle: Differentiated Performance Reserves Replacement Successful record of long-term proved reserves additions Proved Reserves / Replacement* BOEB Percent 91 BOEB resource base; 25 BOEB proved Proved…
  26. 2016 Analyst Meeting – ExxonMobil – slide 26
    Creating Value Through the Cycle: Differentiated Performance Upstream Earnings per Barrel Leading profitability reflects portfolio quality and continuous improvements Earnings per Barrel* /OEB Disciplined and consistent approach 30…
  27. 2016 Analyst Meeting – ExxonMobil – slide 27
    Creating Value Through the Cycle: Differentiated Performance Free Cash Flow Integrated business performance and disciplined capital allocation Free Cash Flow* B 2015 free cash flow 6.5B 2015 20 '11 to '15, average Pay reliable…
  28. 2016 Analyst Meeting – ExxonMobil – slide 28
    Creating Value Through the Cycle: Differentiated Performance Reliable and Growing Dividends Long-term dividend growth rate exceeds S&P 500 and competitors Annual Dividend Growth Rate Percent 33rd consecutive year of…
  29. 2016 Analyst Meeting – ExxonMobil – slide 29
    Creating Value Through the Cycle: Differentiated Performance Share Reductions Share purchases efficiently return cash to shareholders Shares Outstanding Millions of Shares 3B of share purchases in 2015 7,000 Buy-back program…
  30. 2016 Analyst Meeting – ExxonMobil – slide 30
    Creating Value Through the Cycle Forward Plans
  31. 2016 Analyst Meeting – ExxonMobil – slide 31
    Creating Value Through the Cycle: Forward Plans Investment Plan Disciplined and paced investment approach focused on creating value Capex by Business Line B 2015 Capex 31.1B Chemical 40 Downstream Upstream 2016 Capex 23.2B, down…
  32. 2016 Analyst Meeting – ExxonMobil – slide 32
    Creating Value Through the Cycle: Forward Plans Prudent Cash Management Cash flow from operations and asset sales funds distributions and investments Cash Flow, Net Investments, and Distributions Cash Flow from Operations & Asset…
  33. 2016 Analyst Meeting – ExxonMobil – slide 33
    Creating Value Through the Cycle: Forward Plans Deliverables Creating long-term shareholder value ROCE Achieve industry-leading returns Integration Maximize value chain benefit capture, improving mix Capital Discipline…
  34. 2016 Analyst Meeting – ExxonMobil – slide 34
    Unlocking Upstream Value
  35. 2016 Analyst Meeting – ExxonMobil – slide 35
    Unlocking Upstream Value Competitive Upstream Business Leading returns on capital employed Upstream ROCE* Percent 2015 High-quality, diverse asset portfolio 20 '11 to '15, average Develop and deploy advanced technology 15…
  36. 2016 Analyst Meeting – ExxonMobil – slide 36
    Unlocking Upstream Value Upstream Strategy Consistent approach over the long term to deliver industry-leading results Strategy Objective Differentiated Capabilities Maximize value of Lower operating costs Reliable Production…
  37. 2016 Analyst Meeting – ExxonMobil – slide 37
    Unlocking Upstream Value Technology Leadership Applying technology to create value Next generation seismic imaging Full Wavefield Advanced reservoir modeling Inversion Digital surveillance technology Lower drilling and…
  38. 2016 Analyst Meeting – ExxonMobil – slide 38
    Unlocking Upstream Value: Reliable Production Production Base Enhancing profitability from assets in 24 countries North Slope Norman Wells North Sea Montney/Duvernay Kearl/Syncrude South Hook 2.3 MBD liquids production Cold…
  39. 2016 Analyst Meeting – ExxonMobil – slide 39
    Unlocking Upstream Value: Reliable Production Asset Reliability and Optimization Maximizing value of installed capacity Incremental production added since 2011 KOEBD Sustained reliability improvement 200 Enhancing base production…
  40. 2016 Analyst Meeting – ExxonMobil – slide 40
    Unlocking Upstream Value: Reliable Production Cost Management Managing cost to improve unit profitability Cost per Barrel* /OEB Disciplined and consistent approach 40 RDS CVX Capturing market-driven efficiencies 35 TOT 30…
  41. 2016 Analyst Meeting – ExxonMobil – slide 41
    Unlocking Upstream Value: Reliable Production Flexible Drilling and Work Programs Positioned to adjust activity in response to market conditions Drilling and Work Program Volume Additions, EM Net Interest Progressing profitable…
  42. 2016 Analyst Meeting – ExxonMobil – slide 42
    Unlocking Upstream Value: Reliable Production U.S. Unconventional Portfolio Unlocking value of a 15+ BOEB resource base Near-term focus on Permian and Bakken liquids plays 2.1 million net acres 220 KOEBD current net production…
  43. 2016 Analyst Meeting – ExxonMobil – slide 43
    Unlocking Upstream Value: Reliable Production Enhancing U.S. Unconventional Profitability Reducing cost and increasing productivity Permian* Drilling & Stimulation Costs Permian* Per Well Recovery Development Cost /Foot Percent…
  44. 2016 Analyst Meeting – ExxonMobil – slide 44
    Unlocking Upstream Value: Efficient Development Diverse Portfolio for Value Growth Portfolio of 100 projects enables selective and paced investing Point Thomson IPS Mackenzie Gas Aasgard Subsea Compression Alaska LNG Western…
  45. 2016 Analyst Meeting – ExxonMobil – slide 45
    Unlocking Upstream Value: Efficient Development Balanced Development Portfolio Increasing returns and profitability through disciplined investing Relative Size of Resource Projects Pursue high-quality resources Current Average…
  46. 2016 Analyst Meeting – ExxonMobil – slide 46
    Unlocking Upstream Value: Efficient Development Development Optimization Efficient fit-for-purpose designs across resource types Industry-leading project management expertise Development planning mitigates investment risks…
  47. 2016 Analyst Meeting – ExxonMobil – slide 47
    Unlocking Upstream Value: Efficient Development Project Execution Differentiated advantage in project management and meeting commitments Project Performance Actual vs. Planned, '11 to '15 Average 22 Major project start-ups since…
  48. 2016 Analyst Meeting – ExxonMobil – slide 48
    Unlocking Upstream Value: Efficient Development 2015 Major Projects Added 300 KOEBD of working interest capacity Deep Water Heavy Oil Conventional Erha North Phase 2 / Kearl Expansion Banyu Urip Kizomba Satellites Phase 2 2015…
  49. 2016 Analyst Meeting – ExxonMobil – slide 49
    Unlocking Upstream Value: Efficient Development 2016-2017 Major Projects 10 Projects adding 450 KOEBD of working interest capacity LNG Deep Water Conventional Gorgon Jansz Julia Phase 1 Kashagan Phase 1 Arctic Sub-Arctic…
  50. 2016 Analyst Meeting – ExxonMobil – slide 50
    Unlocking Upstream Value: Efficient Development Sakhalin Odoptu Stage 2 Applying high-impact technology to maximize recovery 55 KBD gross production capacity 290 Million barrel oil development World-class, extended-reach wells…
  51. 2016 Analyst Meeting – ExxonMobil – slide 51
    Unlocking Upstream Value: Efficient Development Upper Zakum Unlocking resource value through innovation and expertise Cost-efficient island development concept Currently producing 660 KBD gross Long plateau, 750 KBD gross…
  52. 2016 Analyst Meeting – ExxonMobil – slide 52
    Unlocking Upstream Value: Efficient Development 2018+ Development Opportunities Advancing next-generation projects across resource types Heavy Oil Potential net production: 1.4 to 2.4 MOEBD 7 BOEB 300 to 600 KOEBD LNG 3 BOEB…
  53. 2016 Analyst Meeting – ExxonMobil – slide 53
    Unlocking Upstream Value: Quality Resource Base Diverse Exploration Portfolio Long-term pursuit of diverse, high-quality resource opportunities Laptev Sea Beaufort Kara Sea Chukchi Sea United Kingdom Summit Creek Horn River…
  54. 2016 Analyst Meeting – ExxonMobil – slide 54
    Unlocking Upstream Value: Quality Resource Base Focused, Paced Exploration Program Exploring near existing productive assets and new areas with large resource potential Canada Sakhalin East Coast Eastern Canada Papua New…
  55. 2016 Analyst Meeting – ExxonMobil – slide 55
    Unlocking Upstream Value: Quality Resource Base Guyana Offshore Opportunities Significant discovery with high resource potential 3000m Extensive acreage position, 8.1M gross acres Largest ever ExxonMobil 3D seismic survey…
  56. 2016 Analyst Meeting – ExxonMobil – slide 56
    Unlocking Upstream Value Summary Well positioned to unlock resource value Relative Size of Resource Projects New Opportunities Diverse and flexible portfolio Current Average Unit Profitability Pursuing accretive new…
  57. 2016 Analyst Meeting – ExxonMobil – slide 57
    Downstream & Chemical Growing the Advantage
  58. 2016 Analyst Meeting – ExxonMobil – slide 58
    Downstream & Chemical: Growing the Advantage Premier Integrated Businesses Most profitable Downstream and Chemical businesses in the industry Downstream and Chemical Combined ROCE* '11 to '15 Average Leading global refiner and…
  59. 2016 Analyst Meeting – ExxonMobil – slide 59
    Downstream & Chemical: Growing the Advantage Downstream and Chemical Strategy Integrated value chains deliver superior returns across the cycle Leading Value Chains Driving operational excellence and efficiencies Fuels Lubricants…
  60. 2016 Analyst Meeting – ExxonMobil – slide 60
    Downstream & Chemical: Growing the Advantage Integrated Manufacturing Platforms Advantaged asset base supports fuels, lubricants, and chemicals value chains Major Refining & Chemical Major Chemical Refining Fife Slagen 5 MBD…
  61. 2016 Analyst Meeting – ExxonMobil – slide 61
    Downstream & Chemical: Growing the Advantage Advantaged Downstream Platform Efficient operations and feedstock flexibility Refinery Unit Cash Operating Expenses Unit Cost, Indexed* Refineries 70% larger than industry average 150…
  62. 2016 Analyst Meeting – ExxonMobil – slide 62
    Downstream & Chemical: Growing the Advantage Higher-Value Refining Products Increasing premium distillates, lube basestocks, and chemical feedstocks High-Value Products Growth* Global Product Yield, Indexed Applying proprietary…
  63. 2016 Analyst Meeting – ExxonMobil – slide 63
    Downstream & Chemical: Growing the Advantage Global Fuels and Lubricants Value Chains Strengthening brand positions and optimizing portfolio Higher-value outlet for refining production Broad portfolio offering underpinned by…
  64. 2016 Analyst Meeting – ExxonMobil – slide 64
    Downstream & Chemical: Growing the Advantage Advantaged Chemical Platform Feed-advantaged manufacturing sites U.S. Ethylene Production from Ethane* Percent Global manufacturing highly integrated 90 with refineries ExxonMobil 80…
  65. 2016 Analyst Meeting – ExxonMobil – slide 65
    Downstream & Chemical: Growing the Advantage Global Chemical Value Chains Growing differentiated product portfolio Metallocene Products Sales Growth Volume, Indexed Supplying diverse market segments growing 350 ExxonMobil…
  66. 2016 Analyst Meeting – ExxonMobil – slide 66
    Downstream & Chemical: Growing the Advantage Increasing Feedstock & Logistics Flexibility Investments to capture feedstock advantages Feed processing and logistics Crude unit Ethylene / polyethylene improvements expansion…
  67. 2016 Analyst Meeting – ExxonMobil – slide 67
    Downstream & Chemical: Growing the Advantage Upgrading Molecule Value Integrated investments at advantaged sites to highgrade production Delayed Coker Advanced Hydrocracker Hydrocarbon Fluids Expansions Antwerp Rotterdam Fawley…
  68. 2016 Analyst Meeting – ExxonMobil – slide 68
    Downstream & Chemical: Growing the Advantage Increasing Higher-Value Products Selective investments in specialty products Specialty elastomers facility Synthetic lubricant plants Specialty polymers facility Saudi Arabia…
  69. 2016 Analyst Meeting – ExxonMobil – slide 69
    Downstream & Chemical: Growing the Advantage Summary Focus on business fundamentals delivering superior results Driving operational efficiency Capturing advantaged feeds Growing high-value products Selectively investing across…
  70. 2016 Analyst Meeting – ExxonMobil – slide 70
    Closing Comments Relentless focus on business fundamentals Resilient integrated business model through the commodity price cycle Disciplined and paced investment approach focused on creating value Commitment to reliable and…

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