Energy Fundamentals Support Advantaged Investments Darren Woods Chairman of the Board and Chief Executive Officer Exxon Mobil Corporation New York September 4, 2019 Barclays Energy Conference Drag
AGENDA Human Progress Drives Demand Technology Determines Supply Investing to Meet Demand Growing Shareholder Value 3
DRIVE FOR IMPROVED WELL-BEING STANDARD OF LIVING HEALTH EDUCATION Improve gross national Increase life Provide access to income (GNI) per capita expectancy intellectual and skill development 1990 8,884 65 years 5.1 years of…
ENERGY IS ESSENTIAL U.N. HUMAN DEVELOPMENT INDEX (HDI) 2017 YEMEN BANGLADESH INDIA MEXICO SPAIN UNITED STATES VERY HIGH HIGH 50% of world population 3.7 billion people MEDIUM 10-year lower life expectancy 35% fewer years…
ENERGY IS ESSENTIAL U.N. HUMAN DEVELOPMENT INDEX (HDI) 1990 VERY HIGH HIGH India and China MEDIUM About 90% lower GNI than rest of the world 30% fewer years of education CHINA 25% of population without access to…
ENERGY IS ESSENTIAL U.N. HUMAN DEVELOPMENT INDEX (HDI) 2017 VERY HIGH HIGH CHINA India and China 2017 China: GNI increased 10X; years of education nearly INDIA doubled; energy consumption tripled to 240 MEDIUM 2017…
ENERGY IS ESSENTIAL U.N. HUMAN DEVELOPMENT INDEX (HDI) 2017 YEMEN BANGLADESH INDIA MEXICO SPAIN UNITED STATES VERY HIGH HIGH 50% of world population 3.7 billion people MEDIUM 10-year lower life expectancy 35% fewer years…
ADVANCES REQUIRED Sources Primary Sectors Density1 Scalable Available Transportable GHG Emissions Solar Power - - - Continuous availability at scale requires efficient distribution and storage Wind Power - - - Power, Costly at…
TIME TO SCALE INCUBATION TIME FOR TECHNOLOGIES 1st Consumer Electronics 1st EV Li-ion Battery 42+ Years Adoption by U.S. households Mobile Phones 33 Years Up to 1% of households Home Computers 49 Years Up to 10% of households…
ENERGY EVOLUTION PRIMARY ENERGY DEMAND Quadrillion BTUs 750 Wind/Solar Nuclear 1970s Other Renewables* Oil largest 500 Gas contributor to 1870s energy mix Oil first used as Oil an energy source 250 Coal Biomass 0 1800…
TECHNOLOGY INVESTMENTS Long-standing investments in fundamental science, research and development Developing breakthrough technologies to reduce emissions Algae Transportation: advanced algae and cellulosic biofuels Power…
RISING ENERGY DEMAND GLOBAL PRIMARY ENERGY DEMAND BY SOURCES PRIMARY ENERGY DEMAND BY SOURCES FOR KEY REGIONS Quadrillion BTUs Quadrillion BTUs 800 OECD CHINA AND INDIA AFRICA 250 Wind/Solar Other Renewables* Nuclear Biomass…
LONG-TERM FUNDAMENTALS OIL SUPPLY/DEMAND1 NATURAL GAS SUPPLY/DEMAND2 Moebd Bcfd High demand based on Assessed 2oC Scenarios 120 600 EM outlook demand EM outlook demand 100 500 Average demand New supply Average demand based on…
COMPETITIVE ADVANTAGES TECHNOLOGY SCALE INTEGRATION FUNCTIONAL PEOPLE EXCELLENCE Results in industry- Enables investment in the Maximizes value across the Strong culture of doing the Competitive advantages advantaged assets,…
STRONG PORTFOLIO CASH FLOW POTENTIAL FROM OPERATIONS AND ASSET SALES1 Billion USD 80 80/bbl1 60/bbl1 Best set of opportunities since the Exxon and Mobil merger 40/bbl1 40 Evaluated for advantages relative to competition and…
FINANCIAL RESILIENCE PRICE / MARGIN ENVIRONMENT Crude1 Natural gas2 Downstream margins3 Chemical margins4 (/bbl) (/mbtu) (/bbl) (/tonne) 10-year high Current market environment consistent with historical experience and anticipated…
ADVANCING STRATEGIC PROJECTS Portfolio Project Status / notable updates Permian Production on plan; 274 koebd average production in 2Q19 Guyana Resource 6 Boeb; Liza Phase 1 on schedule; Liza Phase 2 FID completed Upstream Brazil…
KEY MESSAGES Demand for energy driven by economic activity and improved living standards Advancing technologies to address societys energy and environmental needs Progressing advantaged projects to help meet demand Fully…
Energy Fundamentals Support Advantaged Investments Darren Woods Chairman of the Board and Chief Executive Officer Exxon Mobil Corporation New York September 4, 2019 Barclays Energy Conference Drag
SUPPLEMENTAL INFORMATION Non-GAAP and other measures. In this presentation, cash flow from operations and asset sales is non-GAAP measures. With respect to historical periods, if applicable, reconciliation information is included with the…
SUPPLEMENTAL INFORMATION Other information Any references to production rates and project capacity are on a gross basis, unless otherwise noted. References to resource size are on a net basis, unless otherwise noted. ExxonMobil has…
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