Engine No. 1 Activist Presentation Deck
This decline occurred while oil and gas are still the
dominant forms of global energy
ExxonMobil
Market
Capitalization
S&P Credit Rating
Balance Sheet
Dividend Capability
2010
Largest company in the
World at -$370 bn market
cap; #1 in the Dow Jones
AAA
Net Debt: $7 bn
Net Debt / CFO: 0.15 x
Consistent dividend growth.
Total of $163bn returned
over 2005-2010 including
share buybacks. Free Cash
generated covered dividend
by over 2 times
2015
-$370 billion market
capitalization; #3 company
in the Dow Jones
AAA
Net Debt: $39 bn
Net Debt / CFO: 1.8x
37 straight years of dividend
increases
Source: Company 10Ks and Bloomberg. All share price, total shareholder returns, and market capitalization figures for ExxonMobil are as of the last date prior
to Engine #1's public engagement, December 4, 2020, unless otherwise noted. CFO is annual Cash Flow from Operations, prior to capital expenditures.
2020*
Removed from DJIA.
-$250 billion market cap
pre-COVID/-$176 billon
pre-Engine No. 1
engagement.
Downgraded three times
(twice pre-COVID) by S&P
and put on negative outlook
Net Debt: $63bn
Net Debt / CFO: 4.0x
Free Cash flow fell short of
dividend by over $20bn from
2017-2020, forcing the
Company to borrow to pay
the dividend
REENERGIZE
EXXON//
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