Engine No. 1 Activist Presentation Deck

TABLE OF CONTENTS EXECUTIVE SUMMARY I 5 The Need for Change at ExxonMobil A CLOSER || || || || || || 24 33 41 50 54 63 REENERGIZING EXXONMOBIL III 67 APPENDIX LOOK AT THE ISSUES Issue #1 - Failure to Position ExxonMobil for Long-Term Value Creation Issue #2 - Rhetoric Does Not Address Long-Term Business Risk from Emissions Issue #3 - Lack of Capital Allocation Discipline Issue #4 - Little Reason to Trust Newfound Spending Discipline Issue #5 - Lack of Successful and Transformative Energy Experience on the Board Issue #6 – Misaligned Incentives IV 76 Seizing the Opportunity for Real Change Analyzing Long-Term Demand Projections REENERGIZE EXXON// 4

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