Engine No. 1 Activist Presentation Deck
New directors do not fill the need for successful energy
experience or fill other unmet needs
Zulkiflee (excluded nominee)
Petronas has not played material role
in any significant energy transition
Running a state-owned enterprise
involves far different considerations
than running a company for the
benefit of public shareholders
ExxonMobil has been closely tied
to Petronas since 1976 and operates
production sharing contracts with
Petronas that produce 1/5 of
Malaysia's oil production and 1/2
of its gas production
●
Michael Angelakis
●
●
Board already
has numerous
executives with
capital allocation and
risk management
experience
Other board
experience includes
TriNet, Groupon, HP
Enterprise, and Duke
Energy
●
Source: Bloomberg and ExxonMobil proxy statements. https://corporate.exxonmobil.com/Locations/Malaysia
Jeffrey Ubben
Board already has
a representative
from the investor
community with
experience in ESG
investing
• Other board
●
experience includes
Nikola, Valeant, AES,
and Enviva
• All three were appointed to ward off the addition of our more highly qualified
nominees, with whom the Board refused to even meet
REENERGIZE
EXXON//
57View entire presentation