PREPARED REMARKS Jim Chapman Hi, Im Jim Chapman, Vice President, Treasurer and Investor Relations at ExxonMobil. Whether youre a long-time shareholder or just getting to know us, thank you for your interest. This presentation will…
PREPARED REMARKS Ill make some forward-looking comments during this presentation, including regarding our long- term plans that are, of course, subject to risks and uncertainties. Please read our cautionary statement on this slide as…
PREPARED REMARKS The work we do the products we provide for society make a real difference. For more than 140 years, weve innovated to bring people the energy and the products they need to enjoy a higher standard of living. Of…
PREPARED REMARKS ExxonMobil operates in more than 50 countries and directly employs over 60,000 people. In one way or another, all of them are working to solve the and equation safely meeting the worlds needs for energy and products…
PREPARED REMARKS Our ability to drive leading shareholder value flows from our unmatched opportunities and our unique competitive advantages. Both are essential. We cant capitalize on our opportunities without the right skills, and…
PREPARED REMARKS People less familiar with our industry may think that oil and gas is quickly losing its relevance. In reality, the opportunity in energy remains huge. By 2050, the world will need a lot more energy than it uses…
PREPARED REMARKS Every year, ExxonMobil develops and publishes an in-depth analysis of economic trends that influence energy supply and demand. A link to this Global Outlook publication is provided at the bottom of this slide. What…
PREPARED REMARKS What this all means for us is simple: more earnings, and more cash. By 2030, assuming constant prices and margins, we expect to generate an additional 20 billion of earnings and an additional 30 billion of cash…
PREPARED REMARKS And while our current corporate plan goes to 2030, we expect our growth trajectory to extend far beyond. The world will continue to need and to increasingly need what ExxonMobil produces, and that provides a clear path…
PREPARED REMARKS Lets talk about those more profitable barrels. Our Upstream business accounted for more than 70% of our 2024 earnings. For those new to the industry, you might wonder what we mean by Upstream It refers to the…
PREPARED REMARKS We expect our Upstream earnings to grow significantly by 2030 on a constant price basis. The biggest drivers are the volume and mix improvements, and the structural cost reductions, as I mentioned earlier. By…
PREPARED REMARKS Lets turn to our downstream and chemical activities, all within what we call Product Solutions. In 2022, we combined our downstream and chemical businesses to form the worlds largest fuels, chemicals, and lubricants…
PREPARED REMARKS Like the Upstream, we expect Product Solutions earnings to grow significantly by 2030 on a constant margin basis. In each segment, we expect to sell more high-value, high-margin products and deliver more structural…
PREPARED REMARKS In Low Carbon Solutions, we offer ways to help other industries decarbonize. Were investing in areas where we have clear competitive advantages and can deliver strong returns. Weve been managing and transforming…
PREPARED REMARKS And while the Low Carbon Solutions business will help us reduce emissions for third-party customers were also making great progress in reducing our own emissions. So, some numbers: Weve reduced methane intensity by…
PREPARED REMARKS Within the energy sector, you hear a lot about capital discipline. For us, that doesnt mean investing less. It means investing in the right things. Our capital allocation priorities are clear and consistent: First…
PREPARED REMARKS Some things dont change: Cash is king. We distributed 125 billion of cash to shareholders in dividends and buybacks over the five year period ending December 2024, again far more than any other IOC. And by…
PREPARED REMARKS Compared to our traditional competition, our record of outperformance is putting us in a different league. We've grown cash flow at a far faster rate. We've achieved unmatched financial strength ... with the…
PREPARED REMARKS So lets dig in a little more on shareholder returns what drives them What are the building blocks of the value-creation power of a share of ExxonMobil stock This slide provides a clear look at the drivers of our…
PREPARED REMARKS Sure you might say, the potential return is good, but youre in a volatile business that waxes and wanes with commodity prices. And thats true that were subject to some commodity price fluctuations, but maybe not as…
PREPARED REMARKS Another way we add resilience to equity portfolios is by providing a hedge to inflation. During periods of rising prices, ExxonMobils returns have proved resilient. 21
PREPARED REMARKS When you put it all together, ExxonMobil isnt just a great energy company. Were a great company, period. Here, we compare ourselves to diversified, large-cap industrials, which weve defined as every company in the…
PREPARED REMARKS Our competitive advantages, the organization weve built, the opportunities were capturing, the performance were delivering, and the shareholder returns were generating it all adds up to what we believe is a…
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