+ 2023 Investor Update Merger of ExxonMobil and Pioneer enables a unique value creation opportunity 10.11.2023
Unlocks significant value for ExxonMobil and Pioneer shareholders Combination transforms ExxonMobils Upstream portfolio Creates industry-leading undeveloped high-quality, high-return U.S. unconventional inventory with plans to reach 2…
Combination transforms ExxonMobils Upstream portfolio Increases short-cycle capital flexibility and lower-cost-of-supply production in the United States Compound annual production growth rate of 8% for 2023 2027 Increases ExxonMobils…
Generate double-digit returns by recovering more resource, more efficiently Combining the capabilities and know-how of both companies Leveraging ExxonMobils scale, technology, and industry-leading development to increase resource…
Generating double-digit returns with lower environmental impact Accelerating Pioneers net-zero plan from 2050 to 2035 and lowering collective environmental footprint ExxonMobil will leverage its Permian GHG reduction plans to…
Maximizing Permian value across ExxonMobils full value chain Integrated logistics connect high-value, light Permian crude from both companies to ExxonMobils premier refinery and chemical footprint on the U.S. Gulf Coast Logistics…
Combination unlocks significant value for shareholders Unique value creation opportunity results in significant synergies, driving double-digit shareholder returns Total annual average value of synergies Exchange ratio of 2.3234…
Combination enhances shareholder value Strengthens U.S. economy and energy security Creates leading Transforms Increases resource undeveloped high- ExxonMobils Upstream recovery by leveraging quality, high-return U.S. portfolio:…
Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge. The combined capabilities of our two companies will provide long-term value creation well in excess of what either company is…
The consolidated company will maintain its leadership position, driving further efficiencies through the combination of our adjacent, contiguous acreage in the Midland Basin and our highly talented employee base, with the improved ability…
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