Engine No. 1 Activist Presentation Deck

Reenergizing ExxonMobil requires real change POSITIONS TO ENHANCE AND PROTECT LONG-TERM VALUE CREATION POSITIONS TO RISK CONTINUED LONG-TERM VALUE DESTRUCTION BOARD COMPOSITION Four new independent directors with successful track records in energy Lack of directors with successful and transformative energy experience LONG-TERM STRATEGY Gradually but purposefully repositioning company to succeed in a decarbonizing world Lack of material business diversification Focus on emissions intensity only CAPITAL ALLOCATION Long-term commitment to a coherent returns-focused capex strategy Lack of consistent focus on capex discipline INCENTIVES Better aligning performance goals to clear drivers of shareholder value Lack of sufficient focus in rewarding value creation and lack of clear and consistent metrics REENERGIZE EXXON// 68

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