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 Pioneer Natural Resources…
Meeting society's needs and growing shareholder value Leading Performance Essential Partner Advantaged Portfolio Innovative Solutions Meaningful Development 9.1 billion of earnings driven by strong operational performance,…
Global Projects: unmatched capability and scale Beaumont March 2023 Baytown September 2023 Differentiated central project organization with end-to-end capability - Manages all capital projects on behalf of Upstream, Product…
Record total liquids demand and low inventories shaped favorable market conditions Industry prices / margins 10-year annual range1 Crude prices increased on strong demand and lower inventory levels Natural gas prices declined…
Delivering higher earnings and shareholder returns Earnings Structural cost savings Year-to-date production 9.1 B 1.2 billion higher than 2Q 2023 9.0 B vs. 2019; achieved our goal ahead 3.7 Moebd consistent with full-year…
Structural improvements and operational excellence delivering strong performance in favorable market U/S EP CP SP C&F TOTAL 2Q23 Earnings / (Loss) ex. identified items (non-GAAP) 4.6 2.3 0.8 0.7 (0.5) 7.9 Additional European taxes…
Upstream: growing higher-value volumes in a favorable market Upstream Contributing factors to change in earnings Higher liquids realizations driven by rising demand and Million USD low inventory levels 170 300 6,382 6,139 (140)…
Upstream: continued strong production Upstream Contributing factors to change in volumes 80 Koebd of growth from Permian, Guyana, and LNG Koebd, net partially offset by base decline1 3,716 30 3,688 50 (150) 40 380 Kbd full-year…
Energy Products: operational excellence driving record third-quarter refining throughput and boosting earnings Energy Products Contributing factors to change in earnings Margin improvement driven by strong demand Million USD and low…
Chemical Products: structural improvements underpin earnings as industry feed costs increase globally Chemical Products Contributing factors to change in earnings Generating positive earnings and cash flow despite Million USD…
Specialty Products: portfolio of high-value products consistently delivers solid earnings Specialty Products Contributing factors to change in earnings Margin improvement from revenue management more Million USD than offset by higher…
Strong results continuing to support capital allocation priorities Cash flow Billion USD 11.7 billion of free cash flow on strong earnings and asset sales (5.2) 0.9 17% debt-to-capital; 4% net debt-to-capital 16.0 (8.1) 33.0 8.1…
4Q23 outlook Guyana Payara start-up expected in Upstream November Higher scheduled maintenance Energy Products First full quarter without Thailand (170 Kbd) and Italy (130 Kbd) refineries Product Solutions Higher scheduled…
Pioneer transaction transforms Upstream portfolio Creates industry-leading undeveloped high-quality, high-return U.S. unconventional inventory Combined capabilities expected to generate double-digit returns by recovering more…
Pre-tax synergies average 2 billion per year over next decade Spraberry/Wolfcamp Resource Density Pioneers Midland resource is the highest quality in the basin Resource Density High - Notably better than ExxonMobils Midland…
Average 1.3 billion per year synergies from increased resource recovery Averaged Productivity Across Midland Basin 20 ExxonMobil has been the leader in higher value cube development 50% 80% IP360 kbbl/1,000ft cubes cubes -…
Average 0.7 billion per year synergies from 15% lower costs Delaware Basin Drilling Performance Midland Basin Drilling Performance 30 20 Drilling Days/10k Lat Length Drilling Days/10k Lat Length 20 15 Pioneer…
Key takeaways: differentiated execution driving strong results Delivered strong operational performance in a favorable market environment Continued to leverage unmatched scale and integration; structural savings on track to exceed 9…
Q&A 10.27.23 Upcoming disclosures: Corporate Plan Update on Wednesday, December 6th, at 9:00 a.m. (CDT) 2024 Advancing Climate Solutions report to be issued in mid-December
Outlook for fourth quarter of 2023 Upstream scheduled maintenance earnings impact1 Energy Products scheduled maintenance earnings impact3 Million USD Million USD 600 900 470 390 380 630 400 +100 600 430 280 410 410 +85 345 200 160…
Upstream: maintaining strong production levels Upstream Contributing factors to change in volumes Higher sequential production driven by lower scheduled Koebd, net maintenance 100 10 3,688 Record 3Q23 Guyana Liza Phase 2 gross…
Product Solutions: strategic projects model guidance First full year of Annual earnings uplift Projects1 Aggregate volume impact project operation (2010-19 average margins1) Rotterdam Hydrocracker +20 Kbd Group II Basestocks, +20…
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 DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS Returns, rate of return, IRR. Unless referring specifically to ROCE or external data, references to returns, rate of return, IRR, and similar terms mean…
Supplemental information CALCULATION OF STRUCTURAL COST SAVINGS 2019 2022 YTD 3Q22 YTD 3Q23 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 3Q23 Net cash provided by operating activities (U.S. GAAP) 15,963 Less: changes in operational working capital, excluding cash and debt (1,821) Cash flow…
Supplemental information FREE CASH FLOW 3Q23 Net cash provided by operating activities (U.S. GAAP) 15,963 Additions to property, plant and equipment (4,920) Proceeds from asset sales and returns of investments 917 Additional…
Supplemental information Slide 6 Slide 22 1. 10-year range includes 2010-2019, a representative 10-year business cycle which avoids 1. Estimate based on October prices. the extreme outliers in both directions that the market…
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