Exxon Mobil Corporation · NYSE:XOM
Exxon Mobil — Investor Day (March 2011)
108 slides from Exxon Mobil's investor day presentation, Mar 15, 2011
Slide 1: 2011 Analyst Meeting
2011 Analyst Meeting March 9, 2011 New York Stock Exchange Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward) ooking Statements, Outlooks, projections, estimates, targets, business plans, and other statements of future events or conditions in this presentation or the subsequent discussion period are forward/-lookingstatements. Actual Tuture results, including demand growth and mix; ExxonMobil's pro
Slide 3: Agenda
Agenda Agenda AM Welcome David Rosenthal Vice President, Investor Relations Business Overview Rex Tillerson Chairman and CEO Financial and Operating Results Competitive Advantages Global Exploration & Mark Albers Upstream Projects Senior Vice President Unconventional Portfolio Andy Swiger Senior Vic
Slide 4: Business Overview
Business Overview Rex Tillerson Chairman and CEO
Slide 5: Business Environment
Business Environment Stabilizing global economy with modest growth in the U.S. and Europe Stronger economic growth in developing world, especially Asia Pacific region Increasing regulation and oversight; climate change policies uncertain Some competitors re-evaluating business model and plans Long-t
Slide 6: Global Energy Demand to 2030
Global Energy Demand to 2030 Energy Demand Quadrillion BTUs Oil Gas Coal Other* '05–'30 '30 Average Annual Growth 2005 -- 2.0% 0.7% 1.2% 1.8% * Other includes nuclear, hydro, geothermal, biomass, wind, solar, and biofuels. '30 '05 '30 '05 '30 '05 '30 '05 '30 '05 '30 '05 '30 '05 '30 '05 Total Energy
Slide 7: Regional Gas Supply and Demand
Regional Gas Supply and Demand Strong growth in global gas demand led by Asia Pacific, met with expanding supplies of LNG and unconventional gas.
Slide 8: Global Downstream Demand
OECD* Non-OECD Global Downstream Demand '05 '10 '15 '20 '25 '30 Transportation Energy Demand MOEBD Long-term transportation energy demand likely to increase almost 40 percent between 2005 and 2030. Long-term growth driven by doubling of demand in developing countries New capacity impacting supply /
Slide 9: Global Chemical Demand
Global Chemical Demand -3 '95 '00 '05 '10 '15 Commodities Demand and Global GDP * Year-on-Year Percent Change * ExxonMobil estimates; Chemical commodity demand includes Polyethylene, Polypropylene, and Paraxylene. Chemical Commodity Demand Global GDP Global demand growth above GDP Penetration into n
Slide 10: The Energy Challenge
The Energy Challenge The scale of the challenge is enormous – and growing Requires an integrated set of solutions and pursuit of all economic options Demands a commitment to innovation and technology Calls for unprecedented levels of investment Requires sound, stable government policies Involves eff
Slide 11: Industry Risks and Risk Management
Industry Risks Risk Management The energy industry faces multiple uncertainties and risks. Well-developed processes, procedures, and people are required to manage risks. Financial & Economic Geopolitical Technical Climate Change Safety & Security Health & Environment
Slide 12: Risk Management Approach
Risk Management Approach ExxonMobil has established common worldwide expectations for addressing risks inherent in our business. Capable, committed workforce with clear accountability Well-developed and clearly-defined policies and procedures High standards of design to reduce or eliminate risk Empl
Slide 13: Multiple Risks – Multiple Frameworks
Multiple Risks – Multiple Frameworks ExxonMobil employs multiple frameworks to lower risk profiles across the business, forming the foundation for strong financial and operating results. Operations Integrity Management System (OIMS) Facility Integrity Management Systems Controls Integrity Management
Slide 14: Financial and Operating Results
Financial and Operating Results Rex Tillerson Chairman and CEO
Slide 15: 2010 Financial and Operating Results
2010 Financial and Operating Results Industry-Leading Safety Performance Superior Financial and Operating Results Unmatched Shareholder Distributions Disciplined Investments Focused on Long-Term Value ExxonMobil delivered strong results across all key measures and all business lines.
Slide 16: Industry-Leading Safety Performance
Safety Industry-Leading Safety Performance 0.0 0.1 0.2 0.3 '06 '07 '08 '09 '10** Lost Time Incident Rate U.S. petroleum industry contractor benchmark* U.S. petroleum industry employee benchmark* Employee Contractor Incidents per 200K hours * 2010 industry data not available. ** Excludes XTO Energy I
Slide 17: Environmental Performance
Environmental Performance Industry-Leading Safety Performance '06 '07 '08 '09 '10* Hydrocarbon Flaring from Upstream Oil and Gas Production Million Metric Tons * Excludes XTO Energy Inc. data. Strong environmental management Improving energy efficiency Reducing flaring, spills, and releases Protect
Slide 18: Earnings
Earnings Superior Financial and Operating Results '06 '07 '08 '09 '10 Earnings Excluding Special Items $B Upstream Downstream Chemical Earnings Upstream Downstream Chemical Earnings 57 percent increase over 2009 Industry-leading results Record earnings for Chemical business Maximizing value of asset
Slide 19: Upstream Earnings per Barrel
Upstream Earnings per Barrel Superior Financial and Operating Results XOM CVX RDS BP Earnings per Barrel * $ per OEB '06 -‘10, average * Competitor data estimated on a consistent basis with ExxonMobil and based on public information. Profitability ahead of competition over 5-year period Benefit of d
Slide 20: Upstream Volumes Growth
BP Upstream Volumes Growth Superior Financial and Operating Results -5 XOM RDS CVX 2010 Volume Growth Percent XTO Largest independent producer of oil and gas: 4.45 MOEBD Most significant annual increase among competitor group • Peer average increase: one percent Supported by effective risk managemen
Slide 21: Reserves Replacement
Reserves Replacement Superior Financial and Operating Results 0% 50% 100% 150% 200% Proved Reserves Replacement Percent * vs. Costs ** (‘05 – ‘09 average) CVX RDS BP XOM $ per OEB * Reserves replacement based on SEC pricing bases, excluding asset sales. ** Costs incurred in property acquisition & ex
Slide 22: Return on Capital Employed
Return on Capital Employed Superior Financial and Operating Results Return on Average Capital Employed * Percent -5 XOM CVX RDS BP '06 -‘10, average ROCE of 22 percent in 2010 Consistent execution of business model Strength of integrated portfolio Disciplined investment through the business cycle *
Slide 23: Asset Impairments
Asset Impairments Superior Financial and Operating Results Industry • Asset impairments totaled $96B from 2005 - • Erosion of shareholder value • Distortion of returns ExxonMobil • No material impairments • Supported by disciplined investment decision processes • Demonstrates strength and quality of
Slide 24: 2010 Cash Flow
2010 Cash Flow Superior Financial and Operating Results 2010 Cash Flow $B Share Purchases Dividends YE’09 Cash Cash Flow* Adds to PP&E** Share- holder Distributions Financing/ Other YE’10 Cash Cash flow up over 70 percent from 2009; year-end cash balance of over $8B Funded all attractive investment
Slide 25: Dividends
Dividends Unmatched Shareholder Distributions Dividend Growth since 1983 * 0.00 0.50 1.00 1.50 2.00 '83 $ per share XOM S&P 500 CPI** ‘10 ‘00 ‘90 Almost $40B distributed to shareholders over past five years • Per-share dividends increased 53 percent Dividend has grown every year since Annualized gro
Slide 26: Share Purchases
Share Purchases Unmatched Shareholder Distributions Cumulative Purchases to Reduce Shares Outstanding '06 '07 '08 '09 '10 $B XOM Competitors* $114B distributed over the last five years • More than twice competitor total Average annual yield of 5.6 percent since beginning of 2006 In 2010, ExxonMobil
Slide 27: Annual Distribution Yield
Annual Distribution Yield Unmatched Shareholder Distributions Average Annual Distribution Yield * Dividends & Share Repurchases ExxonMobil Competitors Percent XOM Competitors** Average total distribution yield of 7.6 percent since beginning of 2006 • Competitors averaged 6 percent over same period C
Slide 28: Capex
Capex Disciplined Investments Focused on Long-Term Value '06 '07 '08 '09 '10 Capex by Business Line $B Upstream Downstream Chemical Continued selective investments to enhance long-term value of the asset base. Invested over $126B during the past five years Completed three major Upstream projects wit
Slide 29: Portfolio Management
Portfolio Management Disciplined Investments Focused on Long-Term Value Cumulative Cash Flow from Asset Sales since Exxon and Mobil Merger $B '00 '05 '10 Active asset management across the business cycle to capture shareholder value. Ongoing portfolio management fundamental to business model • Cumul
Slide 30: 2010 Financial and Operating Results
2010 Financial and Operating Results Industry-Leading Safety Performance Superior Financial and Operating Results Unmatched Shareholder Distributions Disciplined Investments Focused on Long-Term Value ExxonMobil delivered strong results across all key measures and all business lines.
Slide 31: Competitive Advantages
Competitive Advantages Rex Tillerson Chairman and CEO
Slide 32: Competitive Advantages
Competitive Advantages Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration ExxonMobil possesses unique competitive advantages which create long- term shareholder value.
Slide 33: Competitive Advantages
Competitive Advantages Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration ExxonMobil possesses unique competitive advantages which create long- term shareholder value.
Slide 34: 2010 Resource Base
2010 Resource Base Upstream Balanced Portfolio Quality BOEB Resource Base Liquids Gas Africa Australia/Oceania Asia Americas Unconventional Gas and Oil Arctic Conventional Heavy Oil / Oil Sands Deepwater Acid / Sour Liquefied Natural Gas BOEB BOEB Europe Type Geography Oil / Gas ExxonMobil’s resourc
Slide 35: Global Gas Position
Global Gas Position Upstream Balanced Portfolio Quality Markets Gas-Indexed Oil-Indexed Divertible Africa Europe Asia Americas LNG Shale Gas Conventional Deepwater Acid / Sour Tight Gas Arctic Contract Structures BOEB Gas Resource Base BCFD CBM A robust gas portfolio of quality operations and advant
Slide 36: 2010 Production and Contract Mix
Gas Oil Oil Oil Indexed Gas Indexed 2010 Production and Contract Mix Upstream Balanced Portfolio Quality 2010 Production 2010 Contract Mix 2010 Production by Contract MOEBD Approximately 70 percent of total 2010 production linked to oil pricing • One-third of gas sales pricing linked to oil prices M
Slide 37: New Opportunity Growth
New Opportunity Growth Upstream Balanced Portfolio Quality Turkey Poland Germany Nigeria Romania Ireland Norway Indonesia Madagascar Vietnam Tanzania PNG China West Greenland Beaufort Athabasca GoM Horn River Haynesville / Bossier Eagle Ford Guyana Argentina Cardium Colombia Marcellus Angola Austral
Slide 38: Scale Advantage
Scale Advantage Downstream Balanced Portfolio Quality Refineries 60 percent larger than industry • Largest lubricant basestock capacity Constant focus on cost efficiency, circuit optimization, and reliability Feedstock flexibility advantage • Challenged crude runs 60 percent more than industry avera
Slide 39: World-class Brands
World-class Brands Downstream Balanced Portfolio Quality 47% 8% 7% 38% 47% 8% 7% 38% Diverse business channels Highly integrated with refining Leveraging our globally recognized brands • Product quality • Supply reliability Global reach, trusted brands, and high-quality products position ExxonMobil
Slide 40: Industry-leading Sales Growth
Industry-leading Sales Growth Balanced Portfolio Quality Downstream '06 '08 '10 Synthetic Lubricants Sales Growth Percent Change since 2005 ExxonMobil Industry Continued growth in high-value lubes, well above industry. Market leader in high-value synthetic lubes Legacy of technology leadership Effic
Slide 41: Product Strength and Diversity
Product Strength and Diversity Chemical Balanced Portfolio Quality '02 '03 '04 '05 '06 '07 '08 '09 '10 Earnings $B Commodity Specialty Commodities capture upside earnings potential Specialties provide stable yet growing earnings base Portfolio backed by proprietary technology Both commodities and sp
Slide 42: Asia Pacific Growth
Asia Pacific Growth Chemical Balanced Portfolio Quality XOM RDS TOT CVX DOW Asia Pacific / Middle East Capacity Ethylene & Paraxylene Million Metric Tons Existing Announced Investments in increasing capacity to meet future demand growth in key Asia Pacific Markets. Asia Pacific 60 percent of future
Slide 43: Competitive Advantages
Competitive Advantages Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration ExxonMobil possesses unique competitive advantages which create long- term shareholder value.
Slide 44: Major Project Inventory
28% 8% 9% 15% Major Project Inventory Upstream Disciplined Investing Major Project Distribution by Project Type Percent, resource Unconventional Gas and Oil Heavy Oil / Oil Sands Deepwater Conventional LNG Acid / Sour Arctic 14% 14% 12% Developing 26 net BOEB, across all regions and resource types I
Slide 45: Near-Term Project Start-Ups
Upstream Disciplined Investing Near-Term Project Start-Ups Courtesy of Total Courtesy of Total Eleven major project start-ups are planned between 2011 and 2013. Conventional Etim / Asasa Pressure Maintenance Deepwater Pazflor Acid / Sour Kashagan Ph 1 Conventional Kipper / Tuna Deepwater Kizomba Sat
Slide 46: Major Project Production Outlook
Upstream Disciplined Investing Major Project Production Outlook Significant new long-plateau production from major projects supports long- term volumes. Nearly 1.4 MOEBD added by 80% oil volumes Significant long-plateau volumes Long-term growth supported by diverse portfolio
Slide 47: Lower-Sulfur Motor Fuels
Lower-Sulfur Motor Fuels Downstream Disciplined Investing ExxonMobil’s global investments continue to expand production of lower-sulfur motor fuels. New ultra-low sulfur diesel (ULSD) facilities in Baytown, TX; Baton Rouge, LA; and Antwerp, Belgium • More than $1B invested to meet expanding diesel d
Slide 48: Efficient Use of Capital – Downstream
Efficient Use of Capital Downstream Disciplined Investing Downstream Average Capital Employed $B '00 '05 '10 ExxonMobil Competitor Average (1) ExxonMobil Competitor Average (1) Disciplined capital management Robust portfolio management processes Significant portfolio divestments* • Interests in 11 r
Slide 49: Singapore Expansion
Singapore Expansion Chemical Disciplined Investing 2.5 million metric tons of new capacity Underpinned by proprietary technologies Advantaged project • Significant feed flexibility • World-scale efficiency • Premium products Highly integrated with refining Major expansion in Singapore to meet demand
Slide 50: Efficient Use of Capital – Chemical
Efficient Use of Capital Chemical Disciplined Investing Chemical Average Capital Employed $B '00 '05 '10 ExxonMobil Major Chemical Company Average (1) Disciplined investment selection Engineering and project excellence Growth via internal technology development ExxonMobil Chemical is the most capita
Slide 51: Competitive Advantages
Competitive Advantages Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration ExxonMobil possesses unique competitive advantages which create long- term shareholder value.
Slide 52: Research and Development
Research and Development Upstream High-Impact Technologies ExxonMobil delivers advantaged technologies across the business while progressing significant breakthrough research. Integrated technologies provide advantaged business solutions Developing high-reward, risk-reduction technologies for the fu
Slide 53: Upper Zakum
Upper Zakum Upstream High-Impact Technologies Employing advantaged technologies to progress resource development with partners. Abu Dhabi Technology Center Leading Reservoir Simulator Building artificial islands with co- located drilling and processing Technology Center is catalyst for collaboration
Slide 54: Legacy of Technology Leadership
Legacy of Technology Leadership High-Impact Technologies Downstream Leading-edge technologies • Fundamental composition models • Advanced catalysts and processes • Heavy oil characterization / conversion • Energy efficiency / management Maximize value through entire supply and production chain • Rap
Slide 55: Next Generation Technology
Next Generation Technology Downstream High-Impact Technologies ExxonMobil and Synthetic Genomics are researching large-scale production and commercialization of algae-based biofuels. Numerous potential benefits of biofuels production from algae • Provides GHG mitigation benefits unlike conventional
Slide 56: Advantaged Technology
Advantaged Technology Chemical High-Impact Technologies Advantaged feedstock • High level of feed flexibility Lower-cost manufacturing processes • Advanced processes and catalysts • Improved energy efficiency and reliability Premium products • Innovative, higher-value products Development and deploy
Slide 57: Feedstock Advantage
Feedstock Advantage Chemical High-Impact Technologies Worldwide Feedstock * Industry ExxonMobil Chemical Percent Ethane LPG + Naphtha Heavy ExxonMobil Chemical proprietary technology enables processing both heavy and light feedstocks for competitive advantage. Technology critical in delivering flexi
Slide 58: Competitive Advantages
Competitive Advantages ExxonMobil possesses unique competitive advantages which create long- term shareholder value. Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration
Slide 59: Reliability and Cost Management
Reliability and Cost Management Upstream Operational Excellence Achieving superior reliability • Operated uptime > 3 percent higher than assets operated-by- others Maintaining integrity of facilities Focusing on investment selectivity and cost management • Efficiency identification and capture Stand
Slide 60: Project Execution
Project Execution Upstream Operational Excellence ExxonMobil Operated Operated-by-Others 114% 101% Cost Performance * Percent Rigorous, high-quality project management processes consistently deliver industry-leading project execution performance. Unmatched ability to implement complex projects Deliv
Slide 61: Cost Management
Cost Management Upstream Operational Excellence '05 '06 '07 '08 '09 Total Costs per OEB * CVX RDS BP XOM $/OEB Disciplined and consistent approach to cost management Continual effort to maximize the value of each asset Mature contracting strategies Ongoing portfolio management ExxonMobil effectively
Slide 62: Qatar Liquefied Natural Gas
Qatar Liquefied Natural Gas Upstream Operational Excellence Superior reliability performance combined with unmatched project execution and life cycle cost performance generate maximum value. Delivering 62 million metric tons per year capacity through Qatar joint ventures 96 percent uptime performanc
Slide 63: Operating Cost Efficiencies
Operating Cost Efficiencies Downstream Operational Excellence '04 '06 '08 '10 Refining Energy Intensity * ExxonMobil Indexed Industry Source: Solomon Associates fuels refining benchmarking data; available for even years. * 2010 results estimated by ExxonMobil. Data indexed to ExxonMobil ('04). Maint
Slide 64: Improving Productivity
Improving Productivity Operational Excellence Downstream -80 -40 '04 '06 '08 '10 Lubes & Specialties Operating Efficiencies Indexed Products Blend Plants Order Centers On-going consolidation activities Streamlined product offering Global resources drive lower operating expenses • Organization, syste
Slide 65: Operating Efficiencies
Operating Efficiencies Chemical Operational Excellence Source: Solomon Associates benchmarking data; available for odd years only. * 2010 results estimated by ExxonMobil. Data indexed to ExxonMobil ('05). A relentless focus on operating efficiencies creates a competitive advantage and steady perform
Slide 66: Business Simplification
Business Simplification Chemical Operational Excellence -40 -30 -20 -10 '05 '06 '07 '08 '09 '10 Indexed Percent Change Marketing & Supply Chain Simplification Finished Product Inventory Supply Points Finished Grades Simplification delivers cost savings and operational efficiencies. Focus on value ca
Slide 67: Competitive Advantages
Competitive Advantages ExxonMobil possesses unique competitive advantages which create long- term shareholder value. Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration
Slide 68: Value of the Integrated Model
Value of the Integrated Model Global Integration ExxonMobil’s effective execution of a complex integrated business model creates significant value for the shareholder. Maximize resource upgrade across the value chain Joint feedstock and facilities planning Highest-value outlets for products Global c
Slide 69: ExonMobil
=a @:@. ExonMobil
Slide 70: Downstream/Chemical Integrated Manufacturing
Downstream/Chemical Integrated Manufacturing Global Integration Integration with Chemicals/Lubes * Percent XOM RDS Industry BP * Calculated on a consistent basis using public information; YE 2010. Higher-value products Integrated molecular optimization Assets with unparalleled feed flexibility Commo
Slide 71: Downstream/Chemical Industry-leading Returns
Downstream/Chemical Industry-leading Returns Global Integration Return on Average Capital Employed * 2000 - Percent XOM XOM Downstream Chemical Competitor Average** Competitor Average*** Proven business strategies enabled by technology Businesses optimized together to maximize shareholder value Comb
Slide 72: Competitive Advantages
Competitive Advantages ExxonMobil possesses unique competitive advantages which create long- term shareholder value. Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration
Slide 73: Global Exploration
Global Exploration Mark Albers Senior Vice President
Slide 74: New Opportunity Growth
New Opportunity Growth Turkey Poland Germany Nigeria Romania Ireland Norway Indonesia Madagascar Vietnam Tanzania PNG China West Greenland Beaufort Athabasca GoM Horn River Haynesville / Bossier Eagle Ford Guyana Argentina Cardium Colombia Marcellus Angola Australia Libya Philippines Russia New Play
Slide 75: New Opportunity Growth
New Opportunity Growth Gas Mixed / To be determined Oil Poland Germany Nigeria Romania Ireland Norway Indonesia Madagascar Vietnam Tanzania PNG China West Greenland Beaufort Athabasca GoM Horn River Haynesville / Bossier Eagle Ford Guyana Argentina Cardium Colombia Marcellus Angola Libya Turkey Phil
Slide 76: Established Exploration – U.S. Gulf of Mexico
Established Exploration – U.S. Gulf of Mexico Keathley Canyon Garden Banks East Breaks Alaminos Canyon 2.1 million net acres with exposure to multiple plays Recent discoveries at Hadrian South and Hadrian North Seismic processing and drilling planned in 2011 Actively building Gulf of Mexico prospect
Slide 77: New Basin Tests – Black Sea
New Basin Tests – Black Sea Leading acreage position in the Black Sea with 6.3 million net acres Sinop-1 wildcat completed • Evaluating results to assist in future exploration Multiple new play tests are planned in 2011-2012 in Turkey and Romania ExxonMobil maintains an active exploration program wh
Slide 78: Resource Base Growth
Resource Base Growth 0.0 0.5 1.0 1.5 2.0 2.5 3.0 XOM XOM CVX BP RDS '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 Annual Resource Additions (2001 – 2010) BOEB Discovered Undeveloped* By-the-Bit* 2002 - 2004 - 2006 - 2001 - 2005 - Finding Cost (as reported)** $/OEB Production $2-3 ExxonMobil consistently a
Slide 79: Upstream Projects
Upstream Projects Mark Albers Senior Vice President
Slide 80: Deepwater – Block 17, Angola
Deepwater – Blocks 15 and 17, Angola Expected to produce an additional 100 kbd of oil in Angola Innovative loop development between existing Kizomba A and B producing facilities Advancing three new projects in Block 17 Delivering significant value through opportunities such as Kizomba Satellites Pha
Slide 81: Arctic – Sakhalin-1, Eastern Russia
Arctic – Sakhalin-1, Eastern Russia Odoptu project started-up on time and producing 50 kbd Developed with world record extended-reach drilling Funded development of Arkutun Dagi field with start-up planned in 2014 Disciplined project management processes continue to deliver industry- leading project
Slide 82: Conventional – Hebron, Eastern Canada
Conventional – Hebron, Eastern Canada Awarded Hebron topsides and gravity based structure front-end engineering and design contracts Leveraging global arctic experience and proprietary technology applications Full funding targeted mid-2012 Delivering significant value through conventional developmen
Slide 83: Oil Sands – Kearl, Canada
Oil Sands – Kearl, Canada Initial Development Expansion Development Cost Operating Earnings / Government Take Bitumen Discount Earnings / Government Take Operating Cost Development High-quality oil sands resource coupled with ExxonMobil technology and execution capability provide long-life earnings
Slide 84: Conventional – West Qurna (Phase I), Iraq
Conventional – West Qurna (Phase I), Iraq Signed 25-year agreement Amended agreement to include discovered but undeveloped reservoirs Established ExxonMobil presence in Basra and Baghdad Commenced field activities including well work and facilities enhancement ExxonMobil is advancing the redevelopme
Slide 85: Liquefied Natural Gas – Papua New Guinea
Liquefied Natural Gas - Papua New Guinea High-quality 9 TCF gross resource Two-train 6.6 MTA LNG plant Upstream facilities and 450 mile pipeline Commenced pipe laying Anticipate start-up in 2014 PNG LNG project utilizes global LNG experience, strengthening ExxonMobil’s presence in the attractive Asi
Slide 86: Exploration and Development Performance
Exploration and Development Performance ExxonMobil consistently delivers competitive reserves replacement with the most efficient use of exploration and development capital. Source: Company specific 10-K/20-F disclosures. Exploration expenditures per unit of production ($ per boe) Unit exploration &
Slide 87: Unconventional Portfolio
Unconventional Portfolio Andy Swiger Senior Vice President
Slide 88: Unconventional Resource Base
Unconventional Resource Base BOEB Unconventional Resource Base Unconventional Gas and Light Oil YE 2005 YE 2010 Heavy Oil / Oil Sands Almost 90 percent growth over 2005- Unconventional accounts for over 40 percent of total resource base Gas growth balanced by strong position in heavy oil / oil sands
Slide 89: Unconventional – North America
Unconventional – North America Shale Gas Tight Oil Tight Gas CBM Tight Gas / CBM Heavy Oil / Oil sands Fayetteville 550K Woodford 205K Bakken 410K San Juan/Raton 400K Uinta 260K Piceance 300K Barnett 245K Eagle Ford 120K Freestone 290K Haynesville/Bossier 240K Athabasca 745K Horn River 340K Marcellu
Slide 90: Unconventional Gas Plays
Unconventional Gas Plays Mcfd Dec-08 Dec-09 Dec-10 Gross Op Production* Rigs Mcfd Haynesville Shale Dec-08 Dec-09 Dec-10 Fayetteville Shale Gross Op Production* Rigs Rigs Rigs Mcfd Dec-08 Dec-09 Dec-10 Gross Op Production* Rigs Mcfd Haynesville Shale Dec-08 Dec-09 Dec-10 Fayetteville Shale Gross Op
Slide 91: Operational Excellence
Operational Excellence '05 '06 '07 '08 '09 '10 Best practices in unconventional gas build value through higher recoveries and increasing operational efficiency. Source: Cumulative Production through May 2010, Powell Barnett Shale Newsletter, 8/31/10. Drilled 8 of 10 largest Cumulative Production Wel
Slide 92: Unconventional Liquids Rich Plays
Unconventional Liquids Rich Plays Strong acreage position Drilling in Bakken/Three Forks with potential to ramp-up • Hold 410,000 net acres Delineating Eagle Ford position • Hold 120,000 net acres Building position in other liquids-rich plays Unconventional liquids-rich plays such as the Eagle Ford
Slide 93: ExonMobil
ExonMobil
Slide 94: Global Growth Opportunities
Global Growth Opportunities Argentina Colombia U.S. Canada Germany Poland China Indonesia Shale Gas Tight Gas Coal Bed Methane Tight / Shale Oil Heavy Oil / Oil Sands Diverse global portfolio Access to greater than 10 million net acres globally Technology key to unlocking full resource potential Sig
Slide 95: Value Creation – Unconventional Gas and Oil
Value Creation – Unconventional Gas and Oil U.S. Unconventional Production ( 2010 - 2020) 0.0 0.2 0.4 0.6 0.8 1.0 '10* '12 '14 '16 '18 '20 Tight CBM Shale MOEBD Unconventional gas and oil production has the potential to unlock significant future value with strong volume growth. 100 Tcfe global resou
Slide 96: Value Creation – Heavy Oil and Oil Sands
Oil Sands Value Creation - Heavy Oil and Oil Sands 0.0 0.2 0.4 0.6 '10 '12 '14 '16 '18 '20 Heavy Oil Heavy Oil / Oil Sands Production ( 2010 - 2020) MOEBD Extensive inventory of long-life projects provides growth in long-plateau volumes. 18 BOEB heavy oil / oil sands resource base Over 500 percent g
Slide 97: Unlocking Greater Value
Unlocking Greater Value Deepwater Resources Unconventional Resources Global Oil Markets Established Markets Deepwater Technologies Unconventional Technologies Leading Deepwater Capability Leading Unconventional Capability Superior value creation relies on high-quality resources, growth markets, enab
Slide 98: Summary
Summary Rex Tillerson Chairman and CEO
Slide 99: Share Performance
Share Performance 20 Years 10 Years 5 Years $K Shareholder Returns Value of $1,000 Invested (as of YE 2010) ExxonMobil Competitor average* S&P 500 ExxonMobil’s performance exceeds competitor average and S&P 500. * RDS, BP, and CVX. Financial results and stock market returns best viewed over long-ter
Slide 100: Increasing Ownership - Production
Increasing Ownership - Production 0.8 0.9 1.0 1.1 1.2 1.3 '06 '07 '08 '09 '10 Production Growth per Share since 2006 * Indexed; 2006 = 100 Indexed Growth XOM BP CVX RDS Increasing production plus share reductions yield strong growth in production per share Ahead of competition * Competitor data esti
Slide 101: Increasing Ownership - Reserves
Increasing Ownership - Reserves 0.8 0.9 1.0 1.1 1.2 1.3 1.4 '06 '07 '08 '09 '10 Reserves Growth per Share since 2006 * Indexed; 2006 = 100 Indexed Growth XOM BP CVX RDS Expanding reserve base plus share reductions yield strong growth in reserves per share Ahead of competition * Competitor data estim
Slide 102: Value per Share
Value per Share 2010 EPS without Share Reduction 2010 EPS $ per share Impact of Share Purchases since Exxon and Mobil Merger on 2010 EPS 2010 EPS of $6.24 per share EPS 42 percent higher than without share purchases* Ongoing benefit to shareholders Earnings per share is enhanced by a robust share pu
Slide 103: Investment Plan
Investment Plan '09 '10 '11 '12 - '15 $B Capex by Business Line Estimate Upstream Upstream Downstream Downstream Chemical / Other Chemical / Other Estimate Range ExxonMobil is committed to investing through the business cycle. Expect to invest $33 to $37 billion per year through 2015. Progressing la
Slide 104: Upstream Production Outlook
Upstream Production Outlook '09 '10 '11 '12 '13 Total Production Outlook MOEBD, net 2010 Outlook 2011 Outlook (excluding XTO) Production outlook, excluding XTO, remains unchanged at 2 to 3 percent growth per year from 2009 to 2013. 2010 outlook assumed 3 to 4 percent growth from 2009 to 2010 2010 pr
Slide 105: Upstream Production Outlook
Project Volumes Base Production Upstream Production Outlook '09 '10 '11 '12 '13 '14 Total Production Outlook * MOEBD, net Production growth delivered by strong base performance, high-quality projects, and new resource potential. * Excludes divestments and OPEC quota effects. Volumes growth remains s
Slide 106: Upstream Production Outlook – Liquids and Gas
Liquids Upstream Production Outlook '09 '10 '11 '12 '13 '14 Total Production Outlook * MOEBD, net Gas ExxonMobil has a balanced portfolio with strong contributions from both liquids and natural gas. * Excludes divestments and OPEC quota effects . Liquids growth averages 2 to 3 percent driven by majo
Slide 107: ExxonMobil Strengths
ExxonMobil Strengths Superior Financial and Operating Performance Balanced Portfolio Quality Disciplined Investing High-Impact Technologies Operational Excellence Global Integration ExxonMobil’s strengths and competitive advantages sustain long-term success.
Slide 108: Sum of the Parts Plus
Sum of the Parts Plus ExxonMobil is an industry leader across the business, and competitive advantages create value greater than the sum of the individual parts. Largest IOC Producer of Liquids Leader in LNG Value Chain Largest Global Refiner Highest-Return Chemical Company among Peers High-Quality,