RAPIDLY PROGRESSING GUYANA DEVELOPMENTS
SUPPLEMENTAL INFORMATION
Slide 65 - Growing market for hydrogen fuel switching
1. $1.5 trillion potential market size and projected growth: ExxonMobil analysis
of Integrated Assessment Modeling Consortium (IAMC) 1.5 scenario explorer
and data on Lower 2°C scenarios. Volumes and prices in 2050 in the Lower
2°C scenarios were used, where available, to calculate an estimate of the
market revenue. For H₂, the highest and lowest outliers for market revenue in
the Lower 2°C scenarios were excluded.
Slide 68 - Aggressive emission-reduction plans
1. Emission reduction plans announced in December 2021 include a 20 to 30
percent reduction in corporate greenhouse gas intensity by 2030 compared to
2016 levels. This will be supported by a 40 to 50 percent reduction in
upstream greenhouse gas intensity, a 70 to 80 percent reduction in methane
intensity, and a 60 to 70 percent reduction in flaring intensity compared to
2016. The 2030 emission reduction plans are expected to reduce absolute
greenhouse gas emissions of the Corporation by approximately 20 percent.
Plans cover Scope 1 and Scope 2 emissions for asset operated by the
company, consistent with approved corporate plans.
2. Ambition for net zero greenhouse gas emissions for operated assets by 2050
was announced in January 2022. The ambition covers Scope 1 and Scope 2
emissions.
Slide 70 - Permian net zero by 2030
1. Plans to achieve net zero greenhouse gas emissions from operated assets in
the U.S. Permian Basin by 2030 were announced on December 6, 2021. The
plans are part of the corporate-wide effort to reduce Upstream greenhouse
gas emissions intensity by 40-50% by 2030, compared to 2016 levels.
2. This chart illustrates potential greenhouse gas abatement options as of the
date of the ExxonMobil Advancing Climate Solutions: 2022 Progress Report
publication. These options (such as abatement reduction magnitude,
implementation timing, abatement cost, portfolio changes, policy.
developments, and technology advancements) may change as actual Scope 1
and 2 GHG reduction endeavors are implemented and annual company plans
are updated.
Slide 71 - Growing investments to lower emissions
1. >$15 billion lower-emission investment portfolio delivers >10% return on a
capital weighted basis under current policy.
2. Calculation based on projected 2021 plan volumes for 2030 and specific
estimated fuel Cl by project from Argonne National Labs' GREET model
analysis as compared against its conventional fuel alternate.
3. Emission reduction plans announced in December 2021 include a 20 to 30
percent reduction in corporate greenhouse gas intensity by 2030 compared to
2016 levels. This will be supported by a 40 to 50 percent reduction in upstream
greenhouse gas intensity, a 70 to 80 percent reduction in methane intensity,
and a 60 to 70 percent reduction in flaring intensity compared to 2016. The
2030 emission reduction plans are expected to reduce absolute greenhouse
gas emissions of the Corporation by approximately 20 percent. Plans cover
Scope 1 and Scope 2 emissions for asset operated by the company, consistent
with approved corporate plans.
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