Engine No. 1 Activist Presentation Deck
III
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which stands out even in a challenged industry
ExxonMobil's iconic status has been chipped away, and by the end of 2020 its
market cap was on par with Chevron's despite ExxonMobil being much larger
Market Capitalization (in $ billions)*
$450
$400
$350
$300
$250
$200
$150
$100
$50
Dec Dec
2010 2011
Dec Dec Dec Dec Dec Dec Dec Dec Dec
2012 2013 2014 2015 2016 2017 2018 2019 2020
ExxonMobil Chevron
"Perhaps no company has been humbled
as profoundly by recent events as Exxon ... And
the pandemic isn't primarily to blame; the culprit
is just as much the company itself."
Bloomberg Business Week, April 30, 2020
"It has been a stunning fall from grace for Exxon
Mobil Corp."
Wall Street Journal, September 13, 2020
"After a 'decade of strategic errors,' Exxon is
'exactly where it never wanted to be: subject to
oil markets and global GDP recovery.' Nor has
[its CEO] enunciated any kind of holistic strategy
for navigating the carbon transition ....
""
Forbes, Dec. 29, 2020
*Data is as of December 4, 2020, the last trading day prior to Engine No. 1's public engagement.
Quote Source: Kevin Crowley and Bryan Gruley (Apr. 30, 2020). The Humbling Of Exxon. Bloomberg Businessweek. Christopher M. Matthews
(Sep. 13, 2020). Exxon Used to Be America's Most Valuable Company. What Happened? WSJ. Christopher Helman quoting Paul Sankey of Sankey
Research (Dec. 29, 2020). Forbes Energy Awards 2020: NextEra Energy, Bigger Than Exxon, Greener Than Tesla. Forbes.
REENERGIZE
EXXON//
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