Its an AND equation Wo r k in g t o m eet t h e w o r l ds en er gy n eeds AND r edu c e em is s io n s 2022 Corporate Plan 12.08.22 VIDEO WEBCAST Guyana
Create sustainable solutions that improve quality of life AND meet societys evolving needs Strategic priorities Leading performance Industry leader in operating and financial performance Essential partner Value through win-win…
Our winning proposition Use our industry-leading competitive advantages to provide innovative solutions that meet societys needs AND reward shareholders C O M PE TI TIVE A DV A N TA GE S PEOPLE TECHNOLOGY SCALE INTEGRATION…
Transformation journey to unlock our competitive advantages 2016: Functional Companies 2022: Value Chains SSHE, projects, engineering, technology distributed across companies Key capabilities consolidated for scale TECHNOLOGY AND…
New organization enables step -change transformation fully leveraging our competitive advantages to consistently outperform competition Value Chains Centralized Organizations TECHNOLOGY AND ENGINEERING P&L responsibility from the raw…
Uniquely positioned to meet the worlds energy needs AND reduce emissions Guyana Corpus Christi Beaumont Permian Basin Accretive growth Financial flexibility Leading the industry in Industry-leading returns opportunities through…
Earnings and cash flow expected to double by 2027 Earnings more than double from growth in strategic Cash flow from operations (excluding working capital) projects and structural cost efficiencies 1,2 growth driven by earnings…
Upstream investments focus on high -return, low -cost-of- supply projects with lower-emissions intensity Resilient Upstream investments1 Brent price required to generate 10% return 90% of Upstream oil and flowing gas investments are…
Doubling Upstream earnings and supporting societys need for reliable, affordable, and lower -emission intensity energy Compound annual production growth rate of 3% 2023 - 2027 On track to double earnings potential1 Koebd, net, 60/bbl real…
Product Solutions investments deliver over 4 billion in annual earnings potential and enable growth in high -value products Strategic projects deliver 4 billion incremental earnings High-value products volume expected to double by 2027…
Product Solutions on track to nearly triple earnings by fully leveraging unique competitive advantages Earnings potential grows to 16 billion by 2027 1 Industry-leading free cash flow as per Wood Mackenzie Billion USD November 2022 data…
Increasing investments to support emission reductions Growing lower-emission investments Billion USD 15% increase in lower-emission investments versus 15 billion 6 previously 17 billion 60% of total focused on reducing our own…
Building Low Carbon Solutions business and progressing lower-emission initiatives Carbon capture and storage / hydrogen Lower-emission fuels Reducing our own emissions Houston Hub Strathcona Permian Basin Progressing…
Progressing diverse portfolio of competitively advantaged projects Investing in profitable growth opportunities while reducing emissions Capex, billion USD Total 2023 capex to be between 23-25 billion 30 Investments in Upstream strategic…
Increasing shareholder returns and financial flexibility 2023 - 2027 breakeven at average price/margin 1,2 Robust surplus cash potential (20232027)3,4 /bbl Billion USD, 50, 60, 80 real Brent Breakevens improve to 30/bbl by 2027 50 400…
2023-2027 plan drives leading business outcomes Robust earnings and cash flow Industry-leading investment Aggressive GHG emission portfolio reductions 2X growth potential 20-25 billion 40-50 % by 2027 versus 20191 capex per year for…
Q&A Corpus Christi
Supplemental Information RECONCILIATION OF OPERATING COSTS AND CASH OPERATING EXPENSES SHOWING MOST RECENT PERIOD COMPONENTS OF OPERATING COSTS 3Q22 YTD From ExxonMobils Consolidated statement of income: Production and manufacturing…
Supplemental Information RECONCILIATION OF 2019 EARNINGS AND CASH FLOW FROM OPERATIONS ENERGY CHEM SPECIALTY 2019 EARNINGS U/S C&F TOTAL PROD PROD PROD Earnings (U.S. GAAP) 14.4 1.4 0.8 0.7 (3.0) 14.3 Asset Management (3.7) 0.0 (0.0)…
Supplemental Information RECONCILIATION OF 2021 EARNINGS AND CASH FLOW FROM OPERATIONS ENERGY CHEM SPECIALTY 2021 EARNINGS U/S C&F TOTAL PROD PROD PROD Earnings (U.S. GAAP) 15.8 (0.3) 7.0 3.3 (2.6) 23.0 Asset Management (0.5) 0.0 0.0…
Supplemental Information DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS Cash operating expenses (cash Opex, structural efficiencies, structural savings, or structural reductions). Cash operating expenses are a subset of total…
Supplemental Information DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS, CONTINUED Structural savings (also structural cost reductions, structural efficiencies). Structural savings describe decreases in the below expenses as a…
Supplemental Information Slide 8 Slide 10 1) Earnings exclude identified items and are adjusted to 2022 60/bbl real Brent; 1) Earnings exclude identified items and are adjusted to 2022 60/bbl real 10-year average Energy, Chemical, and…
Supplemental Information Slide 12 Slide 16 1) 2027 earnings potential versus 2019; 2019 and 2021 earnings adjusted to reflect 1) Average breakeven based on cash flow from operations and asset sales, 10-year average Energy, Chemical, and…
Supplemental Information Slide 17 1) 2022 60 Brent, adjusted for inflation; 10-year average Energy, Chemical, and Specialty Product margins refer to the average of annual margins from 2010- 2019; 2019 earnings excluding identified…
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