Important information for investors and stockholders IMPORTANT INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT In connection with the proposed transaction between Exxon Mobil Corporation (ExxonMobil) and Denbury Inc. (Denbury),…
Growing shareholder value through structural earnings improvements Leading Performance Essential Partner Advantaged Portfolio Innovative Solutions Meaningful Development Structural improvements drive earnings of 8 billion -…
Denbury transaction synergies drive strong returns Accelerates and expands profitable U.S. Gulf Coast growth opportunities at lower cost Combination creates a compelling customer decarbonization proposition Enhanced oil recovery…
Permian: unique development approach driving industry-leading efficiencies Maximizing value through development of advantaged, high-quality, contiguous acreage position Leveraging scale, technology, and integration to deliver…
Permian: unique development approach delivering bottom-line value Longest Leading drilling Maximizing resource Delivering industry- laterals efficiency recovery leading value Cumulative wells Days on well Well performance Net Present…
Integrated portfolio resilient across price cycles Industry prices / margins 10-year annual range1 Crude prices essentially flat despite ongoing economic concerns Natural gas prices are back inside 10-year range, reflecting…
Integrated portfolio resilient across price cycles Industry prices / margins 10-year annual range1 Crude prices essentially flat despite ongoing economic concerns Natural gas prices are back inside 10-year range, reflecting…
Executing our strategy is delivering strong results Earnings Structural cost savings Year-to-date production 7.9 B 8.3 B vs. 2019; on track to deliver 3.7 Moebd consistent with full-year guidance 9 billion by year-end Cash…
Structural earnings improvements supporting continued strong performance U/S EP CP SP C&F TOTAL 1Q23 GAAP Earnings / (Loss) 6.5 4.2 0.4 0.8 (0.4) 11.4 Additional European taxes on energy sector (0.2) (0.0) - - - (0.2) 1Q23…
Upstream: structural earnings improvements drive another strong quarter Upstream Contributing factors to change in earnings Reported earnings 50% higher versus 2Q18 driven by Million USD growth from advantaged projects, improving mix,…
Upstream: record production from advantaged projects Upstream Contributing factors to change in volumes 20% production growth in Permian and Guyana Koebd, net versus 2Q22 3,732 - Offset by impacts from divestments, the Sakhalin-1 20…
Energy Products: strong reliability and Beaumont start-up partially offsetting lower industry margins Energy Products Contributing factors to change in earnings Reported earnings 5x higher versus 2Q18 primarily driven Million USD by…
Chemical Products: advantaged footprint and structural improvements driving above-market results Chemical Products Contributing factors to change in earnings Reported earnings nearly match 2Q18, when industry Million USD margins were…
Specialty Products: continuing to contribute solid earnings Specialty Products Contributing factors to change in earnings Reported earnings more than double 2Q18 driven largely Million USD by cost reductions, strategic project, and…
Strong results driving capital returns Cash flow Billion USD Robust earnings drove free cash flow of 5.0 billion Reduction in cash balance due to working capital (5.6) 1.3 0.1 impact of 3.6 billion, mainly driven by seasonal cash…
3Q23 outlook Higher volumes on lower scheduled Upstream maintenance First full quarter without Billings refinery Energy Products Lower scheduled maintenance Product Solutions Chemical Products Specialty Products Corporate and…
Key takeaways: executing our strategy is delivering strong results Nearly doubled reported earnings versus 2Q18, a comparable price environment1 Ongoing structural earnings improvements - Baytown Performance Chemicals progressing…
Upcoming events: Product Solutions Spotlight webcast Wednesday, September 20th, 1 p.m. Central Time Q&A 07.28.23
Outlook for third quarter of 2023 Upstream scheduled maintenance earnings impact1 Energy Products scheduled maintenance earnings impact3 Million USD Million USD 600 900 470 390 370 630 400 600 410 410 340 200 160 300 170 260 0 0…
Upstream: record production from advantaged projects Upstream Contributing factors to change in volumes Advantaged projects delivered strong volume Koebd, net contribution 3,831 - Record Permian production of 620 Koebd (30) -…
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 YTD 2Q22 YTD 2Q23 Components of operating costs From ExxonMobils Consolidated statement of income (U.S. GAAP) Production and manufacturing expenses 36.8 42.6…
Supplemental information CASH FLOW FROM OPERATIONS EXCLUDING WORKING CAPITAL 2Q23 Net cash provided by operating activities (U.S. GAAP) 9,383 Less: changes in operational working capital, excluding cash and debt 3,583 Cash flow from…
Supplemental information FREE CASH FLOW 2Q23 Net cash provided by operating activities (U.S. GAAP) 9,383 Additions to property, plant and equipment (5,359) Proceeds associated with sales of subsidiaries, property, plant and…
Supplemental information Slide 7 Slide 21 1. Permian industry peer group includes Bayswater Exploration and Production, ConocoPhillips, 1. Estimate based on July prices. Chevron, Devon Energy, Diamondback Energy, EOG Resources,…
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