Exxon Mobil (XOM) investor relations material

Strategic focus and financial outlook

• Emphasis on balancing energy production with emissions reduction, supported by a new global outlook projecting oil and gas as over 50% of the energy mix through 2050.

• Plans for 10% annual earnings growth and $20 billion in earnings growth by 2030, with $30 billion in operating cash flow growth.

• Seven out of ten major project startups for the year are operational, contributing to $3 billion in earnings capacity by 2026.

• Share buybacks at $20 billion per year and a competitive dividend yield above 3.5% are expected to drive an 18% annual return through 2030.

• Structural cost reductions of $13 billion to date, targeting $18 billion by 2030, enhance margin expansion.

Portfolio management and M&A strategy

• No fundamental change in M&A approach, but recent Pioneer acquisition exceeded synergy expectations and integration is progressing well.

• Value creation in acquisitions is driven by leveraging scale, technology, and operational excellence.

• Organic growth remains the primary focus, with significant opportunities in the Permian, Guyana, and product solutions.

• Portfolio mix between upstream, downstream, and chemicals is flexible, with divestitures considered for non-competitive assets.

Technology, innovation, and operational excellence

• Ambitious goal to double resource recovery in the Permian through a portfolio of technologies, including lightweight proppant and centralized R&D.

• Guyana resource estimate remains at 11 billion barrels, with ongoing exploration and high recovery rates due to conventional reservoirs.

• Global Projects organization, formed in 2018, enables consistent delivery of large projects on time and under budget.

• AI integration is in early stages, focused on productivity improvements in drilling, exploration, and supply chain, leveraging a robust project knowledge database.