Investor Presentaiton
IMPROVING PORTFOLIO VALUE
Increasing refining asset competitiveness to improve cash flow and earnings
INDUSTRY REFINERY NET CASH MARGIN¹
$/bbl, 2010-2019 average pricing
Net cash margin $/bbl
ExxonMobil average
2027
2019
Cumulative crude capacity
(~600 sites), Mbd
Terminal conversions
INVESTMENTS AT CONSTANT 4.4 MBD VOLUME5
NCM A ($/bbl)1
Complete
Rotterdam hydrocracker
Terminal conversions
+0.4
USGC Permian processing
Strathcona renewable diesel
In progress
+1.0
Fawley hydrofiner
Singapore resid upgrade
Chart source: publicly available data and ExxonMobil analysis.
See Supplemental Information for footnotes and definitions.
>$2 BILLION
INCREASE IN ANNUAL NET CASH MARGIN BY 20272
~30%
IMPROVEMENT IN NET CASH MARGIN WITH INVESTMENTS
AND TERMINAL CONVERSIONS3
>75%
REFINING CAPACITY CO-LOCATED WITH CHEMICALS,
LUBRICANTS, AND BIOFUELS4
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