Engine No. 1 Activist Presentation Deck

Despite rhetoric, ExxonMobil has shown little interest in even gradually repositioning its business ● ExxonMobil significantly lags public integrated oil companies in measures of transition-readiness, scoring better than only state-controlled entities While recently shifting its rhetoric on the importance of low-carbon strategies, ExxonMobil has paid little actual attention to such efforts 1% Eni Suncor 0.0% Exxon Shell trochina BP Bloomberg Business Model Transition Scores (March 2021) 6% Integrated Oils Exploration & Production Leaders Laggards Refining & Marketing 11% 0 Valero GGAZPROM aramco Santos Total eog resources ExxonMobil U LUKOIL ROSNEFT Canadian Natural woodside Equinor Imperial 2 Petruchin devon 16% axy ConocoPhillips produ Valero Hoold Reliance Intimited BR anoc PETROBRAS PETROL equinor OKV OMV Galp 4 M MARATHON Low-carbon Investment as a Share of Capital Expenditure (2015-2020) Chevron Sinopec eni SK innovation Charts Source: Bloomberg's report BNEF Oil and Gas Transition Scores, Leaders and Laggards (March 24, 2021). Scores out of 10, 10 being the best. MOLGROUP SUNCOR) galp SINOPEC PHILLIPS 66 ENEOS Holdings, Inc. bp 6 REPSOL 21% TOTAL Occidental 0.1% Petrobras 0.2% Aramco Reliance 0.3% Rosneft 0.4% Ecopetrol Asia Pacific Americas Europe, Middle East, Africa ▲ Production >1m b/d Production <1m b/d Refiner 8 Repsol Chevron 10 45% SK 0.5% REENERGIZE EXXON// 26

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