Engine No. 1 Activist Presentation Deck

yet rather than changing its long-term strategy, ExxonMobil is trying to change the subject --- ● In the past ExxonMobil dismissed total emissions reduction targets as a "beauty competition" • Now it claims its emissions reduction targets are "consistent" with the Paris Agreement ● However, in setting such targets ExxonMobil first excludes ~90% of its emissions, by excluding all Scope 3 emissions (from burning fossil fuels) and Scope 1 and 2 emissions (from producing fossil fuels) from non-operated assets Likewise, while ExxonMobil touts its efforts in areas like carbon capture and biofuels, such efforts have mostly generated advertising Million Tons of CO2 Eq (Per Year) Emissions Excluded From Reduction Targets 700 600 500 400 300 200 100 0 690 Total 2019 emissions Chart Source: ExxonMobil Energy and Carbon Summary 2020 and 2021. Non-operated asset mix is approximate based EDF & Rockefeller Asset Management Report 'Emission Omission' (Oct. 2020). 570 Scope 3 120 Scope 1&2 ExxonMobil only includes 10% of its actual emissions in its emission reduction targets -60 -60 Non-operated 2019 Operated assets assets Scope 1&2 REENERGIZE EXXON// 15

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