The Outlook for Energy

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1 The Outlook for Energy a view to 23 David Reed November 21 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ materially due to changes in technology, the development of new supply sources, political events, demographic changes, and other factors discussed herein and under the heading "Factors Affecting Future Results" in the Investors section of our website at: The information provided includes ExxonMobil's internal estimates and forecasts based upon internal data and analyses as well as publically-available information from external sources including the International Energy Agency. This material is not to be reproduced without the permission of Exxon Mobil Corporation.

2 Economic and Energy Evolution Global Demand By Fuel Access to modern forms of energy... provides great benefits to development... - IEA... adoption of cleaner and more reliable forms of energy is... key to achieving many of the Millennium Development Goals. - United Nations Other Renewables Nuclear Hydro Gas Oil 1 Coal Biomass ExxonMobil 21 Energy Outlook Source: Smil, Energy Transitions; ExxonMobil 2

3 Economic Progress Drives Demand Gross Domestic Product Trillion 2$ GDP 1 Global Energy Demand Non OECD energy savings through efficiency gains ~3 Quads 4 6 Non OECD 2 OECD 3 OECD ExxonMobil 21 Energy Outlook 3

4 Power Generation Leads Growth % %.9% % Transportation Industrial Res/Comm PowerGen Growth Savings ExxonMobil 21 Energy Outlook 4

5 Southeast Asia Energy Demand By Sector By Region 4 Res/Comm 4 Rest of Southeast Asia Philippines 3 Industrial 3 Singapore Vietnam 2 2 Malaysia Thailand 1 Power Generation 1 Transportation Indonesia ExxonMobil 21 Energy Outlook

6 Transportation Demand Grows Steadily Demand MBDOE 7 6 Rail Marine Aviation Heavy Duty Light Duty Commercial Personal ExxonMobil 21 Energy Outlook 6

7 Personal Transportation Demand Flattens Demand MBDOE Personal Vehicle Demand Changes MBDOE 7 3 Distance per Vehicle 6 Rail 3 Marine 2 Fleet Mandated Aviation Heavy Duty Light Duty Commercial Personal 2 1 Fuel Economy Other ExxonMobil 21 Energy Outlook 7

8 Costs Impact U.S. Vehicle Choices -Year Cost of Ownership $k 4 21 Fuel Cost Vehicle Cost* Conv Full Hybrid CNG Plug-in Hybrid Elec Conv Full Hybrid CNG Plug-in Hybrid Elec ExxonMobil 21 Energy Outlook 8 *Excludes Maintenance and Insurance

9 Commercial Transport Drives Growth North America MBDOE Europe MBDOE Asia Pacific MBDOE Rail Marine Aviation Heavy Duty Light Duty ExxonMobil 21 Energy Outlook

10 Economic Choices for U.S. Power Baseload, Startup cents/kwh 2 $/ton CO 2 PV Thermal 1 Coal Gas Nuclear Wind Coal-CCS Gas-CCS Geo- Thermal ExxonMobil 21 Energy Outlook 1 Solar

11 Economic Choices for U.S. Power Baseload, Startup cents/kwh 2 $3/ton CO 2 PV Thermal 1 Coal Gas Nuclear Wind Coal-CCS Gas-CCS Geo- Thermal ExxonMobil 21 Energy Outlook 11 Solar

12 Economic Choices for U.S. Power Baseload, Startup cents/kwh 2 $6/ton CO 2 PV Thermal 1 Coal Gas Nuclear Wind Coal-CCS Gas-CCS Geo- Thermal ExxonMobil 21 Energy Outlook 12 Solar

13 Power Generation Mix Evolves Global Capacity Utilized GW 8 Wind By Generation k TWh Nuclear Gas Coal Solar 2 1 ' '3 ' '3 ' '3 ExxonMobil 21 Energy Outlook 13 1 Nuclear Wind & Solar Other Renewables Oil

14 Renewables Gain Share United States Percent of TWhr 3 Europe Percent of TWhr 3 Asia Pacific Percent of TWhr Solar Geothermal Biomass/Other Wind Hydro ' '1 ' '2 '2 '3 ' '1 ' '2 '2 '3 ' '1 ' '2 '2 '3 ExxonMobil 21 Energy Outlook *Biomass includes Municipal Solid Waste 14

15 Regional Needs Drive Fuels for Power North America 14 Europe 14 Asia Pacific Renewables Nuclear Coal ExxonMobil 21 Energy Outlook Gas Oil

16 Southeast Asia Energy Demand & Supply Total By Fuel Total By Sector Power Generation by Fuel 4 3 Renewables Biomass Nuclear 4 3 Res/Comm 12 9 Renewables Biomass Nuclear Coal Industrial 2 Gas 2 6 Coal Power Generation Oil Gas Transportation Oil ExxonMobil 21 Energy Outlook 16

17 Energy Mix Continues to Evolve 2 2.7% World Average Growth/Yr. to 3 1.2% 2.% 23.7% 1 2.4% 2.3% Oil Gas Coal Biomass/Other Nuclear Hydro/Geo Wind, Solar, Biofuels ExxonMobil 21 Energy Outlook % 9.9%

18 CO 2 Emissions Moderate By Region Billion Tons Emissions per Capita Tons per Person Other Non OECD 23 2 India 1 China 1 OECD United States Europe OECD China India ExxonMobil 21 Energy Outlook 18

19 Liquids Support Growing Demand Liquids Supply MBDOE Average Growth / Yr Liquids Demand.8% 23 OPEC 9 ~29 ~3 Biofuels ~36 Non-OPEC 2 6 OPEC Crude ~27 NGL, OPEC Condensate, Other 3 Canadian Oil Sands Non-OPEC Crude & Condensate ExxonMobil 21 Energy Outlook 19 Supply

20 Biofuel Growth Continues By Region MBDOE 3 US Supply MBDOE 2. EISA* 222 Target US Ethanol vs. Gasoline % Volume ROW Biodiesel ROW Ethanol 1. 2 nd Gen Imports 1 E1 Blend 1 Brazil Ethanol. Biodiesel US Biofuels ExxonMobil 21 Energy Outlook Corn Ethanol *EISA: Energy Independence and Security Act

21 Natural Gas Demand Grows Globally Growth by Region & Sector 2 to 23 BCFD 4 3 Power Generation 2 1 North America Europe OECD Other OECD China India Latin America Middle East Africa Other Non OECD ExxonMobil 21 Energy Outlook 21

22 Asia Pacific Gas Outlook Accelerates By Fuel By Region BCFD Other 1 Other Asia Pacific Australia 2 Japan 7 India Coal Southeast Asia 1 Gas Oil 2 China ExxonMobil 21 Energy Outlook 22

23 Southeast Asia Natural Gas Demand Total Demand Gas By Sector BCFD 3 Res/Comm 4 2 Other 2 3 Coal Industrial 2 Gas 1 1 Oil Power Generation Transportation ExxonMobil 21 Energy Outlook 23

24 Gas Supply Grows and Diversifies United States BCFD Europe BCFD Asia Pacific BCFD LNG Pipeline 6 4 Unconventional 4 Local Production Conventional ExxonMobil 21 Energy Outlook

25 Development Challenges and Solutions World development continues, while lives improve and economies grow 8 billion people 1% increase in global GDP 3% increase in energy demand 3 quadrillion BTUs saved via efficiency All reliable, affordable energy supplies needed ExxonMobil 21 Energy Outlook 2

26 Development Challenges and Solutions Increase Efficiency Technology Mitigate Emissions Expand Supplies ExxonMobil 21 Energy Outlook 26

27 ExxonMobil 21 Energy Outlook 27