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2015 Analyst Meeting – ExxonMobil

ExxonMobil · Mar 4, 2015 · 65 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2015 Analyst Meeting – ExxonMobil – slide 1
    2015 Analyst Meeting New York Stock Exchange March 4, 2015
  2. 2015 Analyst Meeting – ExxonMobil – slide 2
    Agenda 9am Welcome .............. Jeff Woodbury, Vice President, Investor Relations and Secretary Key Messages and 2014 Results ....................................... Rex Tillerson, Chairman and CEO Energy Outlook Creating Value…
  3. 2015 Analyst Meeting – ExxonMobil – slide 3
    Key Messages and 2014 Results
  4. 2015 Analyst Meeting – ExxonMobil – slide 4
    Key Messages Continued focus on fundamentals in a lower price environment Selectively investing in attractive opportunities: 2014 Capex 38.5B; 2015 Capex 34B Growing higher-margin production: 4.0 MOEBD in 2014; 4.3 MOEBD in 2017…
  5. 2015 Analyst Meeting – ExxonMobil – slide 5
    Business Environment Continued emphasis on fundamentals throughout the cycle Brent /Barrel Investments based on long-term view 150 Opportunities tested across variety of economic factors and broad range of prices 100 Relentless…
  6. 2015 Analyst Meeting – ExxonMobil – slide 6
    2014 Results Results demonstrate strength of integrated model Best-ever safety performance Rigorous environmental management Strong financial / operating results Earnings 32.5B ROCE 16.2% Cash flow from operations and asset sales…
  7. 2015 Analyst Meeting – ExxonMobil – slide 7
    Risk Management Risk management is at the core of our business Operations Integrity Management System (OIMS) Systematic, managed approach Rigorously applied systems and processes Clearly defined policies, standards, and…
  8. 2015 Analyst Meeting – ExxonMobil – slide 8
    Safety Performance Committed to safe operations Workforce Lost-Time Incident Rate Employee and Contractor Incidents per 200K hours 0.2 Continued emphasis on personnel and process safety Petroleum Industry* Focused on prevention…
  9. 2015 Analyst Meeting – ExxonMobil – slide 9
    Environmental Management Protect Tomorrow. Today. Committed to minimizing environmental impact Systematically identify, assess, manage, and monitor risks Focus on reducing emissions, releases, and consumption 9
  10. 2015 Analyst Meeting – ExxonMobil – slide 10
    Energy Outlook
  11. 2015 Analyst Meeting – ExxonMobil – slide 11
    Energy Outlook Growth Led by Developing Economies Global energy demand expected to grow about 35% by 2040 Energy Demand Quadrillion BTUs Non-OECD nations drive growth in GDP and energy demand 750 1.0% Average Growth/Year 2040…
  12. 2015 Analyst Meeting – ExxonMobil – slide 12
    Energy Outlook Energy Demand to 2040 Oil and natural gas expected to meet about 60% of global energy demand in 2040 Global Energy Demand Quadrillion BTUs Oil and natural gas lead growth as 250 0.8% energy mix evolves 2040…
  13. 2015 Analyst Meeting – ExxonMobil – slide 13
    Energy Outlook Key Perspectives Outlook guides our business strategy and investment plans Affordable energy solutions remain essential to advance global prosperity Diverse energy supplies are required to meet demand growth…
  14. 2015 Analyst Meeting – ExxonMobil – slide 14
    Creating Value Through the Cycle Strategic Overview
  15. 2015 Analyst Meeting – ExxonMobil – slide 15
    Creating Value Through the Cycle: Strategic Overview ExxonMobil Strategy Provide industry leadership to meet the worlds energy needs Risk Management World-Class Operational Workforce Excellence GROWING Technology Investment &…
  16. 2015 Analyst Meeting – ExxonMobil – slide 16
    Creating Value Through the Cycle: Strategic Overview Business Integration Delivers industry-leading returns through the business cycle Full value chain knowledge and insights lead to resilient investments and operations Diverse…
  17. 2015 Analyst Meeting – ExxonMobil – slide 17
    Creating Value Through the Cycle: Strategic Overview Molecule Management Capturing the highest value for every molecule Integrated market view enables more effective response to changes in the business environment 75% of refining…
  18. 2015 Analyst Meeting – ExxonMobil – slide 18
    Creating Value Through the Cycle: Strategic Overview North America Integration Demonstrating benefits of the integrated model Investments positioned to optimize Upstream and Downstream returns Flexibility to process advantaged…
  19. 2015 Analyst Meeting – ExxonMobil – slide 19
    Creating Value Through the Cycle Differentiated Performance
  20. 2015 Analyst Meeting – ExxonMobil – slide 20
    Creating Value Through the Cycle: Differentiated Performance 2014 Highlights Delivering on commitments FY14 Return on Capital Employed (%) 16.2 Industry-leading ROCE Free Cash Flow (B) 17.9 Free Cash Flow up 7.3B vs. 2013 CAPEX…
  21. 2015 Analyst Meeting – ExxonMobil – slide 21
    Creating Value Through the Cycle: Differentiated Performance Return on Capital Employed Proven business model continues to deliver ROCE leadership Return on Average Capital Employed* Percent 25 2014 ROCE of 16.2% in 2014 '10 '14,…
  22. 2015 Analyst Meeting – ExxonMobil – slide 22
    Creating Value Through the Cycle: Differentiated Performance Upstream Earnings per Barrel Increased profitability reflects structural improvements Earnings per Barrel* /OEB Improving production mix 30 Highgrading portfolio…
  23. 2015 Analyst Meeting – ExxonMobil – slide 23
    Creating Value Through the Cycle: Differentiated Performance Free Cash Flow Strong business performance and disciplined capital allocation Free Cash Flow* B 30 2014 17.9B free cash flow, up 7.3B from 2013 '10 '14, average 25…
  24. 2015 Analyst Meeting – ExxonMobil – slide 24
    Creating Value Through the Cycle: Differentiated Performance Shareholder Distributions Industry-leading shareholder distributions through the business cycle Total Cash Distribution Yield* Percent 10 2014 '10 '14, average 2.7%…
  25. 2015 Analyst Meeting – ExxonMobil – slide 25
    Creating Value Through the Cycle: Differentiated Performance Unparalleled Financial Flexibility Capacity to execute business strategy through the cycle Total Capitalization, Leverage, and Credit Rating* B Unmatched access to…
  26. 2015 Analyst Meeting – ExxonMobil – slide 26
    Creating Value Through the Cycle Forward Plans
  27. 2015 Analyst Meeting – ExxonMobil – slide 27
    Creating Value Through the Cycle: Forward Plans Investment Plan Selectively investing in attractive opportunities Capex by Business Line B Acquisitions 2014 Capex of 38.5B Chemical 50 Downstream Expect to spend 34B in 2015…
  28. 2015 Analyst Meeting – ExxonMobil – slide 28
    Creating Value Through the Cycle: Forward Plans Upstream Production Outlook On track to deliver 4.3 MOEBD in 2017 Total Net Production Outlook* MOEBD 4.5 Accretive new volumes more than offset decline U.S. Onshore Liquids Growth…
  29. 2015 Analyst Meeting – ExxonMobil – slide 29
    Creating Value Through the Cycle: Forward Plans Upstream Production Outlook Improving volume and profitability mix Total Net Production Outlook* Total production outlook MOEBD 2015: up 2% 2.6 2016 2017: up 3% per year Liquids…
  30. 2015 Analyst Meeting – ExxonMobil – slide 30
    Creating Value Through the Cycle Strategy and business performance grow long-term shareholder value Delivering on commitments Differentiated performance Selectively investing through the business cycle Leveraging integration…
  31. 2015 Analyst Meeting – ExxonMobil – slide 31
    Unlocking Upstream Resource Value
  32. 2015 Analyst Meeting – ExxonMobil – slide 32
    Unlocking Upstream Resource Value Upstream Business Consistent approach over the long term to deliver industry-leading results Resource Base BOEB Add high-quality resources 90 Selectively develop 92 BOEB resource base 60 Deploy…
  33. 2015 Analyst Meeting – ExxonMobil – slide 33
    Unlocking Upstream Resource Value New Opportunity Growth Strategically pursuing diverse set of high-quality resource opportunities Laptev Sea Kara Sea Beaufort Chukchi Sea Pursuit United Kingdom Norway Summit Creek Horn River…
  34. 2015 Analyst Meeting – ExxonMobil – slide 34
    Unlocking Upstream Resource Value New Opportunity Growth Capturing high-quality resources Norway United Kingdom Russia Captured 17 new opportunities Romania Canada U.S. Onshore East Coast Kurdistan Region of Iraq Gulf of…
  35. 2015 Analyst Meeting – ExxonMobil – slide 35
    Unlocking Upstream Resource Value New Opportunity Growth Pursuing resources accretive to portfolio returns and profitability 35
  36. 2015 Analyst Meeting – ExxonMobil – slide 36
    Unlocking Upstream Resource Value Extensive Project Portfolio Portfolio of 120 projects supports investment selectivity Point Thomson IPS Mackenzie Gas Project Aasgard Subsea Compression Alaska Syncrude Projects Firebag Odoptu…
  37. 2015 Analyst Meeting – ExxonMobil – slide 37
    Unlocking Upstream Resource Value Highgrading the Portfolio Increasing returns and profitability through disciplined investing Pursue only high-quality resources Secure stable, competitive fiscal terms Selectively develop most…
  38. 2015 Analyst Meeting – ExxonMobil – slide 38
    Unlocking Upstream Resource Value Near-Term Growth Improving profitability through higher-margin production growth Net Production Growth* KOEBD 1,200 U.S. Onshore Liquids Growth Starting up 24 major projects from 2014-2017 900…
  39. 2015 Analyst Meeting – ExxonMobil – slide 39
    Unlocking Upstream Resource Value 2014 Major Projects Eight projects added more than 250 KOEBD of working interest production capacity Net Production Growth* KOEBD 1,200 900 LNG Arctic Papua New Guinea Hibernia Southern…
  40. 2015 Analyst Meeting – ExxonMobil – slide 40
    Unlocking Upstream Resource Value 2015 Major Projects Seven projects adding 300 KOEBD of working interest production capacity Net Production Growth* KOEBD 1,200 900 Deep Water Heavy Oil Hadrian South Kearl Expansion 600 2015…
  41. 2015 Analyst Meeting – ExxonMobil – slide 41
    Unlocking Upstream Resource Value Banyu Urip Significant oil development onshore Indonesia 450 MB onshore oil development Early gross production of 40 KBD reached in 2014 Central processing facility start-up mid-2015 Peak…
  42. 2015 Analyst Meeting – ExxonMobil – slide 42
    Unlocking Upstream Resource Value West Africa Deep Water Capital-efficient subsea developments maximize value of installed capacity Nigeria: Erha North Phase 2 Develop 170 MBO of resource Gross 60 KBD subsea tieback to Erha FPSO…
  43. 2015 Analyst Meeting – ExxonMobil – slide 43
    Unlocking Upstream Resource Value 2016-2017 Major Projects Nine projects adding more than 400 KOEBD of working interest production capacity Net Production Growth* KOEBD 1,200 2016 & 2017 Projects 900 LNG Conventional Gorgon…
  44. 2015 Analyst Meeting – ExxonMobil – slide 44
    Unlocking Upstream Resource Value Hebron Extending industry-leading Arctic development capabilities 700 MB oil development Constructing gravity-based structure Fabricating topsides Integrating topsides and gravity-based…
  45. 2015 Analyst Meeting – ExxonMobil – slide 45
    Unlocking Upstream Resource Value Odoptu Stage 2 Applying high-impact technology to maximize recovery 290 MB oil development Extended-reach drilling achieving record well lengths 7 miles Expanding facilities and adding well…
  46. 2015 Analyst Meeting – ExxonMobil – slide 46
    Unlocking Upstream Resource Value LNG Projects Building upon a strong global position to meet growing LNG demand Alaska South Hook Western Canada Sakhalin Adriatic Golden Pass Qatar Tanzania PNG Golden Pass Western…
  47. 2015 Analyst Meeting – ExxonMobil – slide 47
    Unlocking Upstream Resource Value Project Management Best-in-class project execution Project Performance Actual vs. Planned, '10 '14 average Industry-leading performance in complex Percent ExxonMobil Operated Operated by Others…
  48. 2015 Analyst Meeting – ExxonMobil – slide 48
    Unlocking Upstream Resource Value U.S. Onshore Liquids Adding more than 150 KBD of net production Net Production Growth* KOEBD 1,200 U.S. Onshore Liquids Growth 900 Bakken 600 300 Ardmore/Marietta 0 '12 '13 '14 '15…
  49. 2015 Analyst Meeting – ExxonMobil – slide 49
    Unlocking Upstream Resource Value Permian Capturing unconventional upside in a legacy basin Well positioned in premier tight oil play Midland Basin Enhancing position through trades and farm-ins New Mexico Optimizing…
  50. 2015 Analyst Meeting – ExxonMobil – slide 50
    Unlocking Upstream Resource Value Delivering Capital Efficiencies Driving down costs and increasing recovery Percent Reduction in Drilling Days Bakken Productivity and Costs Year 7-Day Production Rate Optimized completions and…
  51. 2015 Analyst Meeting – ExxonMobil – slide 51
    Unlocking Upstream Resource Value World-Class Operator Delivering industry-leading reliability performance Facility Reliability Percent Maximizing the value of installed capacity 96 Incremental barrel is most profitable to…
  52. 2015 Analyst Meeting – ExxonMobil – slide 52
    Unlocking Upstream Resource Value Cost Management Managing cost to improve unit profitability Cost per Barrel* /OEB 35 Disciplined and consistent approach RDS CVX 30 Capturing market-driven efficiencies 25 BP TOT XOM…
  53. 2015 Analyst Meeting – ExxonMobil – slide 53
    Unlocking Upstream Resource Value Summary Well positioned to unlock maximum resource value Disciplined investment and selectivity Adding to a high-quality resource base Developing a broad, diverse project portfolio World-class…
  54. 2015 Analyst Meeting – ExxonMobil – slide 54
    Strengthening the Downstream & Chemical Portfolio
  55. 2015 Analyst Meeting – ExxonMobil – slide 55
    Strengthening the Downstream & Chemical Portfolio Increasing the Advantage Strategically investing to outperform across the cycle Achieving strong operational excellence Improving feedstock flexibility Growing high-value…
  56. 2015 Analyst Meeting – ExxonMobil – slide 56
    Strengthening the Downstream & Chemical Portfolio 2014-2017 Projects Progressing diverse portfolio of attractive investments across the value chain Naantali Slagen Project Type Fuels Edmonton Antwerp Lubes Tianjin Chemical…
  57. 2015 Analyst Meeting – ExxonMobil – slide 57
    Strengthening the Downstream & Chemical Portfolio North American Downstream Capturing North American value chain opportunities Mid-Continent* / Gulf Coast Equity Refining Capacity KBD Integrateds Refiners Largest capacity in…
  58. 2015 Analyst Meeting – ExxonMobil – slide 58
    Strengthening the Downstream & Chemical Portfolio European Downstream Growing higher-value product yields at advantaged sites Selectively investing to capture shifting regional demand Antwerp: converting low-value fuel oil…
  59. 2015 Analyst Meeting – ExxonMobil – slide 59
    Strengthening the Downstream & Chemical Portfolio Global Lubricants Expanding high-performance lubricants capacity Adding finished lubricants capacity in all regions Increasing high-quality basestocks capacity Synthetic…
  60. 2015 Analyst Meeting – ExxonMobil – slide 60
    Strengthening the Downstream & Chemical Portfolio Global Chemical Expanding advantaged commodity and specialty capacity U.S. Ethylene Production from Ethane* World-scale facility expansions Percent 100 U.S. Gulf Coast: ethylene…
  61. 2015 Analyst Meeting – ExxonMobil – slide 61
    Strengthening the Downstream & Chemical Portfolio Summary Delivering industry-leading results through the business cycle Downstream and Chemical Combined ROCE Percent Superior financial performance 40 Generating solid cash…
  62. 2015 Analyst Meeting – ExxonMobil – slide 62
    Break
  63. 2015 Analyst Meeting – ExxonMobil – slide 63
    Summary
  64. 2015 Analyst Meeting – ExxonMobil – slide 64
    Key Messages Continued focus on fundamentals in a lower price environment Selectively investing in attractive opportunities: 2014 Capex 38.5B; 2015 Capex 34B Growing higher-margin production: 4.0 MOEBD in 2014; 4.3 MOEBD in 2017…
  65. 2015 Analyst Meeting – ExxonMobil – slide 65
    Q&A

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