Sustainably Growing Shareholder Value
SUPPLEMENTAL INFORMATION
Slide 4 - ExxonMobil at a glance
1. Gas volumes converted to oil-equivalent barrels at 6 Kcf = 1 Oeb.
2. 2021 throughput and estimated chemical capacity as per publicly available
data and ExxonMobil estimates. Refining capacity in Mbd converted to Mta at
1 Mbd=49 Mta.
3. Global CCS capacity: Global CCS Institute, Global Status of CCS 2021, p. 14.
ExxonMobil CCS capacity: ExxonMobil estimates.
4. Full-year 2021. $2.6 billion loss from corporate and financing excluded from
chart.
5. Full-year 2021. Cash flow by segment estimated as earnings after income tax
plus depreciation and depletion expense for Upstream, Downstream, and
Chemical. Other includes items such as corporate and financing expenses and
changes in working capital and other.
Slide 9 - Strengthening our industry leadership
1. 2021 Breakeven based on cash flow from operations and asset sales,
excluding working capital, with actual 2021 Downstream and Chemical
margins and gas prices adjusted to average levels. Dividends to shareholders
and additions to PP&E, net investments and advances, and other financing
items are subtracted. The PP&E / I&A factor includes changes in non-
controlling interests and dividends to minority interests. The remainder is
divided by an assumption of a $475 million change in after-tax earnings for
every $1/bbl change in oil price and subtracted from 2021 Brent price to
estimate the 2021 breakeven. Average Downstream and Chemical margins
reflect annual historical averages for the 10-year period from 2010-2019. We
assume $3/mmbtu Henry Hub gas prices for adjustment.
Slide 10 - 2021 accomplishments
1. 2025 emissions reductions plans announced in December 2020 included a 15 to
20 percent reduction in greenhouse gas intensity for upstream operations
compared to 2016 levels. This was supported by a 40 to 50 percent reduction in
corporate methane intensity, and a 35-45 percent reduction in corporate flaring
intensity. Plans covered Scope 1 and Scope 2 emissions for assets operated by
the company. 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.
Slide 11 - Increasing competitiveness and productivity
1. 2021 $60 Brent, adjusted for inflation; 10-year average Downstream and
Chemical margins refer to the average of annual margins from 2010-2019;
2019 earnings excluding asset management and tax items. See reconciliation on
page 82.
2. Structural cost reductions factor represents the earnings impact of structural
cost reductions. Volumes factor represents the earnings impact from changes in
volumes at 2022 unit profitability. The Mix factor is the remainder, and includes
the impact of new projects on mix and yield, and nominal price inflation from the
Upstream; offset by operating cost inflation and base decline.
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