1.31.23 Strong results, positioned for continued success
2022: execution of our strategy is driving strong results Leading Performance Essential Partner Advantaged Portfolio Innovative Solutions Meaningful Development Industry-leading 2022 financial performance driven by strong operating…
Its an and equation: meeting the worlds needs and reducing emissions 25 Koebd 100 % Upstream production growth Elimination of routine flaring in despite significant divestments and Permian Basin operations1 Sakhalin-1…
Favorable market driven by industry underinvestment and geopolitical factors Industry prices / margins Recovering demand and tight supply drove crude prices 10-year annual range1 higher Supply reductions and uncertainty in Europe…
Industry-leading 2022 financial results Earnings Total shareholder return Return on capital employed 56 billion 87 % 25 % Earnings ex. identified items of 59 leading peers3 highest one-year ROCE since 2012; billion; leading peers1,2…
Further enhanced disclosures and increased transparency Sustainability Report Advancing Climate Solutions Outlook for Energy Progress Report Permian Basin Updated safety, environmental, Updated portfolio resiliency Our latest…
4Q: strong earnings despite decline in prices and margins U/S EP CP SP C&F TOTAL Liquids and natural gas realizations decreased due to higher 3Q22 GAAP Earnings / (Loss) 12.4 5.8 0.8 0.8 (0.2) 19.7 global inventory Tax and other…
2022: strong results, positioned for continued success U/S EP CP SP C&F TOTAL Recovering demand and tight supply improved prices and 2021 GAAP Earnings / (Loss) 15.8 (0.3) 7.0 3.3 (2.6) 23.0 margins Announced divestments 0.5 - - 0.6…
Continued investment in advantaged projects drove production growth at a time when it was urgently needed Upstream Continued investment in advantaged projects delivered Contributing factors to change in volumes Koebd, net growth despite…
Upstream earnings rose on higher prices and growth in advantaged projects Upstream Improved liquids and natural gas Contributing factors to change in earnings Million USD realizations reflected tight supply and recovering demand 2,720…
Strong operating performance and favorable market drove earnings growth in Energy Products Energy Products Improved margins driven by: Contributing factors to change in earnings Million USD Strengthening demand and low 16,059 10 15,650…
Chemical Products annual earnings above 10 -year average despite industry margins well below historical range Chemical Products Continued investments in performance products and Contributing factors to change in earnings Million USD…
Specialty Products delivered another strong year Specialty Products Continued focus on revenue management and disciplined Contributing factors to change in earnings Million USD cost control underpinned consistently strong earnings…
Robust cash flow - leading peers Cash flow Strong earnings and asset sales resulted in 24 billion Billion USD increase in free cash flow 20.0 Strong balance sheet provides financial flexibility 5.2 Retired 7 billion of debt 7.2…
First-quarter 2023 outlook Upstream Volumes in line with 4Q Energy Products Higher turnarounds and planned maintenance Product Chemical Additional industry capacity coming online Solutions Products Higher turnarounds and…
Growing shareholder value through investments in advantaged growth projects UPSTREAM PRODUCT SOLUTIONS LOW CARBON SOLUTIONS 10% return…
2023: growing shareholder value by meeting global needs and reducing emissions Leading Performance Essential Partner Advantaged Portfolio Innovative Solutions Meaningful Development Lead industry in safety, operating, and financial…
Q&A 1.31.23 2022 Outlook for Energy SHANGHAI
Outlook for First-Quarter 2023 Upstream scheduled maintenance earnings impact1 Energy products scheduled maintenance earnings impact3 Million USD Million USD 860 900 900 600 600 590 250 300 300 0 0 50 1Q22 2Q22 3Q22 4Q22 1Q23…
Upstream 4Q production levels improved, reflecting contribution from advantaged projects Upstream Increased production by 100 Koebd as growth overcame Contributing factors to change in volumes Koebd, net divestment impacts 50 (40)…
Upstream 4Q earnings decline reflected lower liquids and gas realizations, partially offset by increased volume/mix Upstream Lower liquids and natural gas realizations with higher Contributing factors to change in earnings Million USD…
Energy products earnings remain strong; lower on unfavorable price / timing impacts Energy Products Slightly higher refining margins more Contributing factors to change in earnings Million USD than offset by unfavorable derivative 6,164…
Chemical Products 4Q earnings decreased on softening industry conditions Chemical Products Margin impacted by continued supply additions and Contributing factors to change in earnings Million USD softening demand in North America and…
Specialty Products improved in 4Q on continued pricing efforts and favorable one-time impacts Specialty Products Continued pricing actions and lower energy prices drove Contributing factors to change in earnings Million USD margin…
Supplemental Information DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS, CONTINUED Structural savings (also structural cost savings, structural cost reductions, structural efficiencies). Structural cost savings describe…
Supplemental Information OPERATING COSTS AND CASH OPERATING EXPENSES 2019 2022 Components of operating costs From ExxonMobils Consolidated statement of income (U.S. GAAP) Production and manufacturing expenses 36.8 42.6 Selling, general…
Supplemental Information RECONCILIATION OF FREE CASH FLOW 2022 Net cash provided by operating activities (U.S. GAAP) 76.8 Additions to property, plant and equipment (18.4) Proceeds associated with sales of subsidiaries, property,…
Supplemental Information AVERAGE CAPITAL EMPLOYED 2022 2021 Business uses: asset and liability perspective Total assets 369.1 338.9 Less liabilities and noncontrolling interests share of assets and liabilities Total current…
Supplemental Information RETURN ON AVERAGE CAPITAL EMPLOYED 2022 Net income (loss) attributable to ExxonMobil (U.S. GAAP) 55.7 Financing costs (after-tax) Gross third-party debt (1.2) ExxonMobil share of equity companies (0.2) All…
Supplemental Information Slide 3 Slide 10 1. Industry leading based on comparison to IOC peers: BP, Chevron, Shell, and 1. Gross basis; investment basis for Phase 1 is 120 Kbd and Phase 2 is 220 Kbd. Total Energies. 2. Net production. 2.…
Supplemental Information Slide 17 1. Includes projects that bring on new volumes. Break-even based on cost-of- supply to generate a minimum of 10% return on a money-forward basis. 2. Net production for Permian. 3. Return based on 2023…
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