Executing on our strategic priorities Leading Performance Essential Partner Advantaged Portfolio Innovative Solutions Meaningful Development Delivering structural earnings improvements driven by growing advantaged assets, mix…
Diversified portfolio provides resiliency across cycles Industry prices / margins 10-year annual range1 Crude and gas prices lower on higher inventories Refining margins moderated slightly; remained above 10-year range reflecting…
Structural earnings improvements delivering shareholder value Earnings Structural cost savings Production growth 11.4 Earnings ex. identified items were billion 7.2 billion vs. 2019; on track to deliver 300 Koebd vs. 1Q22, ex.…
Continued cost control and mix improvements drove record first-quarter results U/S EP CP SP C&F TOTAL Liquids and natural gas realizations decreased due to 4Q22 GAAP Earnings / (Loss) 8.2 4.1 0.3 0.8 (0.5) 12.8 higher industry…
Upstream: continued strong earnings driven by growth from advantaged projects and disciplined cost management Upstream Contributing factors to change in earnings Growth in our advantaged Permian, Million USD Guyana, and LNG assets…
Upstream production growth supported by advantaged projects Upstream Contributing factors to change in volumes Increased production by 160 Koebd versus 1Q22 Koebd, net - Growth of 300 Koebd, excluding impacts from 3,831 divestments,…
Energy Products: reliable execution and cost control drove strong performance Energy Products Contributing factors to change in earnings Beaumont refinery expansion start-up Million USD and reliable operations partially offset higher…
Chemical Products: advantaged geographic footprint and improved mix drove earnings growth Chemical Products North American ethane advantage strengthened Contributing factors to change in earnings Million USD margins 30 Baton Rouge…
Specialty Products: consistently strong performance Specialty Products Strong finished lubricants earnings contribution partially Contributing factors to change in earnings Million USD offset lower basestocks prices 800 110 (100)…
Historically strong cash flows Cash flow Robust earnings drove free cash flow of 11.4 billion Billion USD Debt-to-capital stands at 17%; net debt-to-capital (5.8) 0.9 reduced to 4% (0.3) 16.3 (8.1) 32.7 Distributed 8.1 billion…
2Q23 outlook Seasonal scheduled maintenance and Upstream divestments to lower net volumes by 110 Koebd First full quarter of Beaumont refinery expansion Energy Products operations Product Lower scheduled maintenance Solutions…
2023 advantaged project start-ups meet global needs and further enhance performance Beaumont Refinery Baytown Performance Guyana Payara Permian Cowboy Central Expansion Chemicals Development Delivery Point Expansion 1Q23 start-up…
Key takeaways: strong performance underpinned by structural earnings improvement A record first quarter following a record year Structural earnings improvement drives shareholder value creation - Diversified portfolio delivers…
Q&A 04.28.23
Outlook for second quarter 2023 Upstream scheduled maintenance earnings impact1 Energy Products scheduled maintenance earnings impact3 Million USD Million USD 600 900 450 530 400 600 200 300 390 250 0 0 2022 quarterly 4Q22 1Q23…
Upstream production supported by advantaged projects Upstream Increased production by 10 Koebd versus 4Q22 Contributing factors to change in volumes Koebd, net - Growth of 50 Koebd, excluding impacts from divestments, entitlements,…
Supplemental Information DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS Capital and exploration expenditures (Capex). Represents the combined total of additions at cost to property, plant and equipment, and exploration…
Supplemental Information CALCULATION OF STRUCTURAL COST SAVINGS 2019 2022 1Q22 1Q23 Components of operating costs From ExxonMobils Consolidated statement of income (U.S. GAAP) Production and manufacturing expenses 36.8 42.6 10.2 9.4…
Supplemental Information FREE CASH FLOW 1Q23 Net cash provided by operating activities (U.S. GAAP) 16,341 Additions to property, plant and equipment (5,412) Proceeds associated with sales of subsidiaries, property, plant and…
Supplemental Information Slide 3 Slide 12 1. Based on ExxonMobil estimates using historical benchmarking results from Solomon 1. Includes PP&E adds of (5.4) billion and net investments / advances of (0.4) billion in Associates. first…
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