Permian Basin, New Mexico ExxonMobil 2Q 2025 Earnings Call August 1, 2025 1
Baytown Complex, Texas Our transformed business and competitive advantages increase shareholder value Earnings of 7.1B Delivering on plans for Progressing new Sharing success with underpinned by key projects to enhance…
Strategy grows value today and long into the future Upstream Product Solutions Company-wide Increasing % of advantaged assets vs. total production1 Increasing profit from advantaged projects and Cumulative structural cost savings (B) vs.…
Product Solutions New project start-ups increase profitability by improving product mix Singapore Resid Upgrade, Fawley Hydrofiner, Strathcona Renewable Diesel, Singapore United Kingdom Canada +20 Kbd Performance +37 Kbd…
Using technology advantage to grow new businesses and enter profitable, high-growth markets ProxximaTM Demonstrated product benefits in multiple markets: automotive, construction, coatings thermoset resins Working with strategic…
Upstream Opportunity to grow Permian over the next decade underpinned by technology Large pipeline of new Permian production potential Moebd technologies with potential to further improve recovery Lightweight proppant field…
2Q25 Financial results Execution of strategy delivering industry-leading results1 GAAP earnings Cash flow from operations Net debt-to-capital 7.1B Leading IOCs 11.5B Leading IOCs 8% Debt-to-capital 13%; Industry-leading balance…
Macro Integrated business enhances earnings stability across commodity cycles Stable crude prices reflect Industry prices / margins strong demand and 10-year annual range1 higher industry supply Natural gas prices remained above…
YTD25 vs. YTD24 Transformed business continues to deliver strong results ENERGY CHEMICAL SPECIALTY CORP & UPSTREAM TOTAL PROD PROD PROD FIN YTD'24 GAAP Earnings / (Loss) 12.7 2.3 1.6 1.5 (0.7) 17.5 YTD'24 Earnings / (Loss) ex.…
2Q25 vs. 1Q25 Transformed business continues to deliver strong results ENERGY CHEMICAL SPECIALTY CORP & UPSTREAM TOTAL PROD PROD PROD FIN 1Q25 GAAP Earnings / (Loss) 6.8 0.8 0.3 0.7 (0.8) 7.7 1Q25 Earnings / (Loss) ex. Ident.…
2Q25 vs. YE24: Cash Unmatched portfolio generates leading cash flow Cash flow Strong earnings drove Billion USD second quarter CFO of 11.5B 2.0 (12.3) 2Q working capital 24.5 outflow driven by seasonal tax payments, 23.2…
Upstream Product Solutions Corporate Absence of 100M Corporate & financing Lower scheduled net favorable expenses expected to be maintenance divestment impacts 0.7B - 0.9B Progressing ramp up of key projects See page 24…
Port Allen Lubricants Plant, Louisiana Proven strategy and competitive advantages drive leading performance Leading cost discipline and Leveraging advantages to capitalize Delivering profitable growth and execution excellence on…
Jurong Refinery, Singapore Q&A Upcoming disclosure: 2025 Global Outlook to 2050 to be issued late August 15
YTD25 vs. YTD24: Upstream Advantaged assets and cost discipline drive profitable growth Upstream year-over-year earnings ex. ident. items Transformed the business: Million USD Permian and Guyana 12,734 growth and structural cost…
YTD25 vs. YTD24: Energy Products Improved portfolio and operational excellence underpin earnings strength Energy Products year-over-year earnings ex. ident. items Transformed the business: Million USD strategic changes made 2,322…
YTD25 vs. YTD24: Chemical Products Generating positive earnings at bottom-of-cycle conditions Transformed the business: Chemical Products year-over-year earnings ex. ident. items high-value products and Million USD cost discipline…
YTD25 vs. YTD24: Specialty Products Strong earnings driven by high-margin differentiated products Transformed the business: mix shift to high-value Specialty Products year-over-year earnings ex. ident. items products driving Million…
2Q25 vs. 1Q25: Upstream Advantaged assets and cost discipline drive profitable growth Lower liquids and gas Upstream quarter-on-quarter earnings ex. ident. items prices reflect higher Million USD industry supply offsetting 6,756…
2Q25 vs. 1Q25: Energy Products Improved portfolio and operational excellence underpin earnings strength Margins improved Energy Products quarter-on-quarter earnings ex. ident. items driven by higher Million USD seasonal demand 0…
2Q25 vs. 1Q25: Chemical Products Generating positive earnings at bottom-of-cycle conditions Chemical Products quarter-on-quarter earnings ex. ident. items Margins declined on Million USD lower North America feed advantage 293 273…
2Q25 vs. 1Q25: Specialty Products Strong earnings driven by high-margin differentiated products Specialty Products quarter-on-quarter earnings ex. ident. items Million USD Stronger margins 0 0 10 780 driven by lower 60 (30)…
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Enhanced disclosures and transparency Earnings sensitivities for Upstream, Energy Products, and Modeling Toolkit Chemical Products (located in Investors section of our website) Platform containing select historical and…
Sensitivities and Key Assumptions Annual Earnings Sensitivities 3Q25 Key Items Absence of 100M of net favorable divestment-related earnings impacts in the Upstream Marker Annual Sensitivity Lower scheduled maintenance in Product…
Supplemental information SELECTED EARNINGS DRIVER DEFINITIONS Advantaged volume growth. Represents earnings impact from change in volume/mix from advantaged assets, advantaged projects, and high-value products. See supplemental…
Supplemental information DEFINITIONS AND NON-GAAP FINANCIAL MEASURE RECONCILIATIONS Advantaged assets (Advantaged growth projects). When used in reference to our Upstream business, includes Permian, Guyana, and LNG. Advantaged projects.…
Supplemental information RECONCILIATION OF 2Q25 EARNINGS ENERGY CHEMICAL SPECIALTY U/S PROD PROD PROD Earnings (U.S. GAAP) 5.4 1.4 0.3 0.8 Identified items 0.0 0.0 0.0 0.0 Earnings ex. identified items (non-GAAP) 5.4 1.4 0.3 0.8…
Supplemental information RECONCILIATION OF 2024 EARNINGS ENERGY CHEMICAL SPECIALTY U/S PROD PROD PROD Earnings (U.S. GAAP) 25.4 4.0 2.6 3.1 Identified items 0.2 0.1 (0.1) (0.0) Earnings ex. identified items (non-GAAP) 25.2 4.0 2.7…
Supplemental information CASH CAPITAL EXPENDITURES 2Q25 YTD25 Additions to property, plant and equipment 6,283 12,181 Net investments and advances 73 133 Less: inflows from noncontrolling interests for major projects (23) (45)…
Supplemental information FREE CASH FLOW 2Q25 YTD25 Net cash provided by operating activities (U.S. GAAP) 11,550 24,503 Additions to property, plant and equipment (6,283) (12,181) Proceeds from asset sales and returns of investments…
Supplemental information CALCULATION OF STRUCTURAL COST SAVINGS 2019 2024 YTD 2Q24 YTD 2Q25 Components of operating costs From ExxonMobils Consolidated statement of income (U.S. GAAP) Production and manufacturing expenses 36.8 39.6…
Supplemental information Page 3 Page 5 (contd) 1) Subject to additional investment by ExxonMobil and receipt of government permitting for 3) Represents indication of potential uplift from Strathcona Renewable Diesel projects 20 Kbd…
Supplemental information Page 8 Page 12 1) Earnings and cash flow from operations, adjusted for consistency on items reported under 1) Includes PP&E additions of (12.2B), net investments / advances of (0.1B), and inflows U.S. GAAP for…
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