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Event Dec. 13, 2024

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We hosted our Corporate Plan Update and Upstream Spotlight event on December 11, 2024. Explore the event highlights and presentation material.

Event Dec. 13, 2024

Here are the highlights of our plan to 2030:

Webcast | Corporate Plan Update | Upstream Spotlight | Cautionary statement | Press release | Modeling Toolkit

1. We expect to deliver growth potential of $20 billion in earnings and $30 billion in cash flow by 2030 vs. 2024 (footnote constant price/margin basis)
2. We now plan to achieve >$3 billion in annual synergies from the Pioneer acquisition, 50% more than previously announced
3. We see $7 billion more in structural cost savings vs. 2024, on top of the $11 billion we delivered through 3Q2024
4. We expect new businesses, including our Low Carbon Solutions business, Proxxima^TM resins, and carbon materials to generate earnings of $3 billion by 2030
5. We plan to invest $27-$29 billion in 2025 and $28-$33 billion annually from 2026-2030 to progress attractive long-term opportunities, with base capex roughly flat and our reinvestment rate declining materially over the plan period.

Please see the corporate plan presentation for footnotes and supplemental information.

^{THE PERMIAN BASIN}

Applying deep inventory of technology to capture higher value

Upstream Technology Portfolio Vice President Dr. James Richie shares the latest technologies being used to improve recovery and capital efficiency in the Permian. Key components of the technologies include asset development, drilling and completion, production and asset life extension.

^GUYANA

Growing the most successful deepwater development in history

Guyana Development Manager Drew Bishop discusses ExxonMobil's advantaged assets in Guyana. Bishop discusses potential in Guyana, project developments and technologies being deployed in in new and existing projects.

_{TAKE A TOUR: REMOTE OPERATIONS CENTER}

Growing technology advantage

Jason Gahr, Wells Operations Manager, demonstrates the capabilities from the ROC (Remote Operating Center) in Houston. Gahr gives insight into how the teams in the ROC work together to maximize productivity, recovery and safety.

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