POSITIONING TO SUSTAINABLY GROW SHAREHOLDER VALUE Leveraging scale to drive step change in cost and establish industry efficiency benchmark LEAD EARNINGS AND CASH Executing portfolio of industry-advantaged, high-return investments FLOW…
DELIVERING SHAREHOLDER VALUE: THIRD QUARTER Increasing earnings and cash flow while reducing emissions Delivering industry-leading operations performance Improving earnings through tight cost control, strong operations, mix…
THIRD QUARTER RESULTS Streamlined organization delivering improved performance EARNINGS STRUCTURAL SAVINGS CAPEX 6.8 billion 4.5 billion 3.9 billion with year-to-date earnings of versus 2019; on track to exceed 6 with year-end…
RESULTS 3Q21 VS. 2Q21 2.1 billion improvement in earnings U/S D/S CHEM C&F TOTAL Demand recovery across all business lines 2Q21 GAAP Earnings / (Loss) 3.2 (0.2) 2.3 (0.6) 4.7 2Q21 Earnings / (Loss) ex. identified items 3.2 (0.2) 2.3…
UPSTREAM PERSPECTIVE Improved earnings driven by higher realizations and volumes CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD Gas prices increased above 10-year range1 80 Higher realizations driven by U.S. spot prices and…
DOWNSTREAM PERSPECTIVE Strong earnings recovery reflects improved refining margins, demand, and tighter cost control CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD Refining margins improved to low end of 10-year 1,255 range1…
CHEMICAL PERSPECTIVE Strong demand, cost control, and reliability largely offset margin impact CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD Margins remain above 10-year range1 2,320 Decrease due to higher industry supply 40…
EARNINGS COMPARISONS Effective pandemic response and organizational improvements capturing benefits of growing demand CONTRIBUTING FACTORS TO CHANGE IN EARNINGS CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Billion USD Billion USD 14.2…
FOURTH QUARTER 2021 OUTLOOK Higher volumes reflecting lower government-mandated curtailments and seasonal gas demand UPSTREAM Higher planned maintenance U.K. North Sea sale expected to close by year-end1 Higher energy costs…
EXPECT FORWARD PLANS TO IMPROVE EARNINGS AND CASH FLOW WITH LOWER EMISSIONS INDUSTRY LEADING Lead industry in safety and reliability OPERATIONS Anticipate meeting 2025 emission-reduction plans in 2021; deeper reductions by 2025…
INCREASING EARNINGS POTENTIAL Restructured businesses accelerate structural cost reductions and portfolio highgrading EARNINGS GROWTH1,2 60/bbl real Billion USD Brent and avg. Driving structural cost reductions Downstream/ Portfolio…
ADVANCING HIGH-VALUE, ADVANTAGED INVESTMENTS Increasing spend on strategic projects robust to a lower-carbon future GUYANA PERMIAN DOWNSTREAM / CHEMICAL 10% return…
GROWING INVESTMENTS TO LOWER EMISSIONS Leveraging technology, scale, integration, and global footprint 15 BILLION IN LOWER-CARBON INVESTMENTS 20222027 BUILD LOW CARBON SOLUTIONS BUSINESS, RAPIDLY REDUCE CARBON FOOTPRINT OF…
GROWING LONG-TERM SHAREHOLDER VALUE Positioning company to sustainably grow earnings and cash flow while reducing emissions STRUCTURAL COST REDUCTIONS CAPITAL INVESTMENTS 6+ billion 20-25 billion on track to exceed targeted annual…
Q&A
UPSTREAM VOLUMES Higher volumes with planned maintenance recovery and lower seasonal gas demand CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd Lower European seasonal gas demand 50 (55) 3,665 Reduced planned maintenance activity in…
MARKET ENVIRONMENT Prices and margins continue to improve PRICES / MARGINS 20102021 Crude prices remained in middle of 10-year range 2Q21 3Q21 Gas prices increased above 10-year range with pandemic demand recovery, supply…
SUPPLEMENTAL INFORMATION RECONCILIATION OF OPERATING COSTS AND CASH OPERATING EXPENSES COMPONENTS OF OPERATING COSTS 2021 YTD From ExxonMobils Consolidated statement of income: Production and manufacturing expenses 25.3 Selling,…
SUPPLEMENTAL INFORMATION RECONCILIATION OF FREE CASH FLOW COMPONENTS OF FREE CASH FLOW 3Q21 2Q21 From ExxonMobils Consolidated statement of cash flows: Net cash provided by operating activities 12.1 9.7 Additions to property, plant…
SUPPLEMENTAL INFORMATION Definitions Resources, resource base, and recoverable resources. Along with similar terms, these refer to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately…
SUPPLEMENTAL INFORMATION Slide 5 Slide 11 1) Excludes identified items. 1) Includes PP&E Adds of (2.8) billion and net investments / advances of (0.2) 2) Sum of free cash flow, cash dividends to ExxonMobil shareholders, cash dividends…
SUPPLEMENTAL INFORMATION Slide 14 Slide 16 1) 2021 60 Brent, adjusted for inflation; 10-year average Downstream and Chemical 1) Key projects in proposed company plan deliver 10% return on a capital margins refer to the average of annual…
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