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FOURTH QUARTER 2020 RESULTS 2.2.21 STEPHEN LITTLETON VICE PRESIDENT, INVESTOR RELATIONS AND SECRETARYFOURTH QUARTER 2020 RESULTS 2.2.21 STEPHEN LITTLETON VICE PRESIDENT, INVESTOR RELATIONS AND SECRETARY


CAUTIONARY STATEMENT • Statements of future events or conditions in this presentation or the subsequent discussion period are forward-looking statements. Actual future results, including financial and operating performance; demand growth and mix; planned capital and cash operating expense reductions and ability to meet or exceed announced reduction objectives; plans to reduce future emissions intensity and the expected resulting absolute emissions reductions; carbon capture results and the impact of operational and technology efforts; price and margin recovery; future cash flows, dividends, cash and debt balances, and capital allocation; volume/production growth and mix; the impacts of the COVID-19 pandemic and current industry oversupply conditions on ExxonMobil’s business and results; resource recoveries; production rates; rates of return; development costs; project plans, timing, costs, and capacities; drilling programs and improvements; product sales and mix; and accounting and financial reporting effects resulting from market developments and ExxonMobil’s responsive actions, including impairment charges resulting from changes in development plan strategy or potential divestments, could differ materially due to a number of factors including global or regional changes in oil, gas, petrochemicals, or feedstock prices, differentials, or other market or economic conditions affecting the oil, gas, and petrochemical industries and the demand for our products; the outcome of government policies and actions, including drilling policies, carbon policies, and actions taken to address COVID-19; the severity, length and ultimate impact of COVID-19 on people and economies and the timing and pace of regional and global economic recovery; the ability to access short- and long-term debt markets on a timely and affordable basis; the ability to realize efficiencies within and across our business lines and to maintain cost reductions without impairing our competitive positioning; the impact of company actions to protect the health and safety of employees, vendors, customers, and communities; reservoir performance; the outcome and timing of exploration and development projects; timely completion of construction projects; war and other security disturbances, including shipping blockades or harassment; political factors including changes in local, national, or international policies affecting our business; changes in law or government regulation, including trade sanctions, tax and environmental regulations; the outcome of commercial negotiations and impact of commercial terms; actions of competitors and commercial counterparties; actions of consumers; opportunities for and regulatory approval of investments or divestments that may arise, including the ability to reach mutually acceptable pricing and other terms; the outcome of research efforts and the ability to bring new technology to commercial scale on a cost-competitive basis; the development and competitiveness of alternative energy and emission reduction technologies; unforeseen technical or operating difficulties; and other factors discussed here and in Item 1A. Risk Factors of our Annual and Quarterly Reports filed with the SEC. All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of this presentation and we assume no duty to update these statements as of any future date. • Forward-looking statements in this presentation regarding project timing, returns, and results; targeted capital spending and operating expense reductions; market strategies; capital allocation; and other future plans, targets or key milestones refer to plans outlined in ExxonMobil’s press release dated April 7, 2020 and subsequent public disclosures including our first, second, and third quarter earnings press releases and conference calls on May 1, July 31, and October 30, 2020, respectively. Forward-looking statements contained in our March 5, 2020 Investor Day materials were based on different plans and assumptions prior to the impacts of the COVID-19 pandemic and should not be relied upon to represent ExxonMobil’s future business plans or results of operations. Updates on spending and timing of certain projects have been provided, but are not meant to represent a complete view of all plans and projects that could be impacted by the current pandemic, the government responses to the pandemic, or other market factors. • Forward-looking statements in this presentation regarding 2021-2025 plans to reduce capital expenditures and operating expenses, or plans to reduce carbon intensity and related emissions efforts refer to plans outlined in our February 1, 2021 press release and our February 2, 2021 press release. Additionally information will be provided at our 2021 Investor Day. Updates on spending and timing of certain projects have been provided, but are not meant to represent a complete view of all plans and projects that could be impacted by the current pandemic, the government responses to the pandemic, or other market factors. • Reconciliations and definitions of non-GAAP measures and other terms are provided in the text or in the supplemental information accompanying these slides. 2CAUTIONARY STATEMENT • Statements of future events or conditions in this presentation or the subsequent discussion period are forward-looking statements. Actual future results, including financial and operating performance; demand growth and mix; planned capital and cash operating expense reductions and ability to meet or exceed announced reduction objectives; plans to reduce future emissions intensity and the expected resulting absolute emissions reductions; carbon capture results and the impact of operational and technology efforts; price and margin recovery; future cash flows, dividends, cash and debt balances, and capital allocation; volume/production growth and mix; the impacts of the COVID-19 pandemic and current industry oversupply conditions on ExxonMobil’s business and results; resource recoveries; production rates; rates of return; development costs; project plans, timing, costs, and capacities; drilling programs and improvements; product sales and mix; and accounting and financial reporting effects resulting from market developments and ExxonMobil’s responsive actions, including impairment charges resulting from changes in development plan strategy or potential divestments, could differ materially due to a number of factors including global or regional changes in oil, gas, petrochemicals, or feedstock prices, differentials, or other market or economic conditions affecting the oil, gas, and petrochemical industries and the demand for our products; the outcome of government policies and actions, including drilling policies, carbon policies, and actions taken to address COVID-19; the severity, length and ultimate impact of COVID-19 on people and economies and the timing and pace of regional and global economic recovery; the ability to access short- and long-term debt markets on a timely and affordable basis; the ability to realize efficiencies within and across our business lines and to maintain cost reductions without impairing our competitive positioning; the impact of company actions to protect the health and safety of employees, vendors, customers, and communities; reservoir performance; the outcome and timing of exploration and development projects; timely completion of construction projects; war and other security disturbances, including shipping blockades or harassment; political factors including changes in local, national, or international policies affecting our business; changes in law or government regulation, including trade sanctions, tax and environmental regulations; the outcome of commercial negotiations and impact of commercial terms; actions of competitors and commercial counterparties; actions of consumers; opportunities for and regulatory approval of investments or divestments that may arise, including the ability to reach mutually acceptable pricing and other terms; the outcome of research efforts and the ability to bring new technology to commercial scale on a cost-competitive basis; the development and competitiveness of alternative energy and emission reduction technologies; unforeseen technical or operating difficulties; and other factors discussed here and in Item 1A. Risk Factors of our Annual and Quarterly Reports filed with the SEC. All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of this presentation and we assume no duty to update these statements as of any future date. • Forward-looking statements in this presentation regarding project timing, returns, and results; targeted capital spending and operating expense reductions; market strategies; capital allocation; and other future plans, targets or key milestones refer to plans outlined in ExxonMobil’s press release dated April 7, 2020 and subsequent public disclosures including our first, second, and third quarter earnings press releases and conference calls on May 1, July 31, and October 30, 2020, respectively. Forward-looking statements contained in our March 5, 2020 Investor Day materials were based on different plans and assumptions prior to the impacts of the COVID-19 pandemic and should not be relied upon to represent ExxonMobil’s future business plans or results of operations. Updates on spending and timing of certain projects have been provided, but are not meant to represent a complete view of all plans and projects that could be impacted by the current pandemic, the government responses to the pandemic, or other market factors. • Forward-looking statements in this presentation regarding 2021-2025 plans to reduce capital expenditures and operating expenses, or plans to reduce carbon intensity and related emissions efforts refer to plans outlined in our February 1, 2021 press release and our February 2, 2021 press release. Additionally information will be provided at our 2021 Investor Day. Updates on spending and timing of certain projects have been provided, but are not meant to represent a complete view of all plans and projects that could be impacted by the current pandemic, the government responses to the pandemic, or other market factors. • Reconciliations and definitions of non-GAAP measures and other terms are provided in the text or in the supplemental information accompanying these slides. 2


DEVELOPMENTS SINCE THIRD QUARTER 2020 Increased gas realizations; liquids realizations in-line with 3Q, recovering through quarter Government-mandated curtailments increased to ~190 Koebd UPSTREAM Matched best-ever reliability performance Announced hydrocarbon discovery offshore Suriname Best-ever personnel and process safety DOWNSTREAM Best-ever reliability ~2 MBD of industry refinery closures announced in 2020, 4 times the 10-year average Best-ever personnel and process safety CHEMICAL Best-ever reliability Improved margins from strong packaging demand and automotive / durable demand recovery Exceeded reduction targets for full-year capital and operating spend CORPORATE Preserved value of capital plan while responding to market environment 3 Best-ever refers to data since the Exxon – Mobil merger.DEVELOPMENTS SINCE THIRD QUARTER 2020 Increased gas realizations; liquids realizations in-line with 3Q, recovering through quarter Government-mandated curtailments increased to ~190 Koebd UPSTREAM Matched best-ever reliability performance Announced hydrocarbon discovery offshore Suriname Best-ever personnel and process safety DOWNSTREAM Best-ever reliability ~2 MBD of industry refinery closures announced in 2020, 4 times the 10-year average Best-ever personnel and process safety CHEMICAL Best-ever reliability Improved margins from strong packaging demand and automotive / durable demand recovery Exceeded reduction targets for full-year capital and operating spend CORPORATE Preserved value of capital plan while responding to market environment 3 Best-ever refers to data since the Exxon – Mobil merger.


RESULTS 4Q20 VS. 3Q20 • Earnings increased by $900 million U/S D/S CHEM C&F TOTAL excluding identified items 3Q20 GAAP Earnings / (Loss) (0.4) (0.2) 0.7 (0.7) (0.7) Non-cash inventory valuation - - 0.1 - 0.1 • Captured benefits of improving gas and LNG markets 3Q20 Earnings / (Loss) ex. Identified Items (0.4) (0.2) 0.5 (0.7) (0.8) Price / margin / forex 0.5 (0.2) 0.3 - 0.6 • Benefited from increased Guyana 1 Unsettled derivatives: mark-to-market 0.1 (0.3) (0.2) production Demand / volume 0.2 - - - 0.2 Other base business 0.4 - (0.1) 0.1 0.2 • Strong demand for performance products coupled with reliable operations drove 4Q20 Earnings / (Loss) ex. Identified Items 0.7 (0.7) 0.7 (0.7) 0.1 Chemical earnings Identified items (19.3) (0.5) - (0.3) (20.2) (18.5) (1.2) 0.7 (1.0) (20.1) 4Q20 GAAP Earnings / (Loss) • Focused project development plans on highest value, strategic investments Billions of dollars unless specified otherwise. Due to rounding, numbers presented above may not add up precisely to the totals indicated. 4 See Supplemental Information for footnotes and reconciliation of Identified Items.RESULTS 4Q20 VS. 3Q20 • Earnings increased by $900 million U/S D/S CHEM C&F TOTAL excluding identified items 3Q20 GAAP Earnings / (Loss) (0.4) (0.2) 0.7 (0.7) (0.7) Non-cash inventory valuation - - 0.1 - 0.1 • Captured benefits of improving gas and LNG markets 3Q20 Earnings / (Loss) ex. Identified Items (0.4) (0.2) 0.5 (0.7) (0.8) Price / margin / forex 0.5 (0.2) 0.3 - 0.6 • Benefited from increased Guyana 1 Unsettled derivatives: mark-to-market 0.1 (0.3) (0.2) production Demand / volume 0.2 - - - 0.2 Other base business 0.4 - (0.1) 0.1 0.2 • Strong demand for performance products coupled with reliable operations drove 4Q20 Earnings / (Loss) ex. Identified Items 0.7 (0.7) 0.7 (0.7) 0.1 Chemical earnings Identified items (19.3) (0.5) - (0.3) (20.2) (18.5) (1.2) 0.7 (1.0) (20.1) 4Q20 GAAP Earnings / (Loss) • Focused project development plans on highest value, strategic investments Billions of dollars unless specified otherwise. Due to rounding, numbers presented above may not add up precisely to the totals indicated. 4 See Supplemental Information for footnotes and reconciliation of Identified Items.


EARNINGS 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Upstream liquids growth and reduced economic curtailments improved earnings 110 • Timing of planned turnaround, maintenance and exploration drove higher expenses 570 150 • Leveraged Downstream and Chemical integration (510) to capture opportunities from dynamic market conditions 530 160 • Strong reliability and improved product yields (793) underpinned manufacturing results 3Q20 ex. Price Volume Expenses Mfg. / Tax / 4Q20 ex. Ident. Items yield other Ident. Items 5EARNINGS 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Upstream liquids growth and reduced economic curtailments improved earnings 110 • Timing of planned turnaround, maintenance and exploration drove higher expenses 570 150 • Leveraged Downstream and Chemical integration (510) to capture opportunities from dynamic market conditions 530 160 • Strong reliability and improved product yields (793) underpinned manufacturing results 3Q20 ex. Price Volume Expenses Mfg. / Tax / 4Q20 ex. Ident. Items yield other Ident. Items 5


EARNINGS 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Billion USD 1 9.6 • Reduced cash Opex $8 billion versus 2019 − Includes ~$3 billion of structural reductions • Volume down primarily due to lower demand (14.1) • Improved reliability and product yields delivered ~$1 billion 1.0 (0.2) (1.4) 3.3 (1.1) 2019 ex. Price Volume Expenses Mfg. / Inventory 2020 ex. Ident. Items yield valuation Ident. Items / other 6 1 Cash Opex before tax.EARNINGS 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Billion USD 1 9.6 • Reduced cash Opex $8 billion versus 2019 − Includes ~$3 billion of structural reductions • Volume down primarily due to lower demand (14.1) • Improved reliability and product yields delivered ~$1 billion 1.0 (0.2) (1.4) 3.3 (1.1) 2019 ex. Price Volume Expenses Mfg. / Inventory 2020 ex. Ident. Items yield valuation Ident. Items / other 6 1 Cash Opex before tax.


UPSTREAM VOLUMES 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd • High-return liquids growth in Permian and Guyana 3,952 offset Norway divestment • Volumes in-line with production plan excluding Govt mandate curtailments and entitlements 60 Groningen Limits 3,761 (170) (150) 150 (80) • Maintenance timing reduced economic impact of curtailments 2019 Curtail- Entitle- Divestments Liquids Gas 2020 ments ments growth demand / other / other 7 See Supplemental Information for reconciliation of curtailments.UPSTREAM VOLUMES 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd • High-return liquids growth in Permian and Guyana 3,952 offset Norway divestment • Volumes in-line with production plan excluding Govt mandate curtailments and entitlements 60 Groningen Limits 3,761 (170) (150) 150 (80) • Maintenance timing reduced economic impact of curtailments 2019 Curtail- Entitle- Divestments Liquids Gas 2020 ments ments growth demand / other / other 7 See Supplemental Information for reconciliation of curtailments.


EXCEEDED REDUCTION TARGETS CASH OPEX Billion USD -$8 billion • Exceeded reduction targets for full-year capital and 55 operating spend 11 47 Energy and • $8 billion decrease in cash Opex versus 2019 8 production taxes 44 39 • $10 billion decrease in Capex versus 2019 2019 2020 CAPEX Billion USD -$10 billion 31 21 2019 2020 8 See Supplemental Information for definitions.EXCEEDED REDUCTION TARGETS CASH OPEX Billion USD -$8 billion • Exceeded reduction targets for full-year capital and 55 operating spend 11 47 Energy and • $8 billion decrease in cash Opex versus 2019 8 production taxes 44 39 • $10 billion decrease in Capex versus 2019 2019 2020 CAPEX Billion USD -$10 billion 31 21 2019 2020 8 See Supplemental Information for definitions.


FOURTH QUARTER 2020 CASH PROFILE 4Q20 2020 Beginning Cash 8.8 3.1 • Cash flow from operations improved $600 million from 3Q20, excluding working capital effects Earnings / (Loss) (20.1) (22.4) Identified items: impairment 19.3 20.1 1 • Gross debt reduced by $1.2 billion in quarter Depreciation 5.0 20.1 1 Working Capital / Other (0.2) (3.0) Cash Flow from Operating Activities 4.0 14.7 Proceeds Associated with Asset Sales 0.8 1.0 Cash Flow from Operations and Asset Sales 4.8 15.7 Shareholder Distributions (3.7) (14.9) 2 PP&E Adds / Investments and Advances (4.1) (19.5) Debt / Other Financing (1.5) 19.9 Ending Cash 4.4 4.4 3 Ending Debt 67.6 67.6 Billions of USD. Due to rounding, numbers presented above may not add up precisely to the totals indicated. 9 9 See Supplemental Information for footnotes.FOURTH QUARTER 2020 CASH PROFILE 4Q20 2020 Beginning Cash 8.8 3.1 • Cash flow from operations improved $600 million from 3Q20, excluding working capital effects Earnings / (Loss) (20.1) (22.4) Identified items: impairment 19.3 20.1 1 • Gross debt reduced by $1.2 billion in quarter Depreciation 5.0 20.1 1 Working Capital / Other (0.2) (3.0) Cash Flow from Operating Activities 4.0 14.7 Proceeds Associated with Asset Sales 0.8 1.0 Cash Flow from Operations and Asset Sales 4.8 15.7 Shareholder Distributions (3.7) (14.9) 2 PP&E Adds / Investments and Advances (4.1) (19.5) Debt / Other Financing (1.5) 19.9 Ending Cash 4.4 4.4 3 Ending Debt 67.6 67.6 Billions of USD. Due to rounding, numbers presented above may not add up precisely to the totals indicated. 9 9 See Supplemental Information for footnotes.


FIRST QUARTER 2021 OUTLOOK Announced government-mandated curtailments averaging ~150 Koebd UPSTREAM Production expected to be ~140 Koebd higher due to seasonal gas demand Demand levels consistent with 4Q DOWNSTREAM Higher planned turnarounds and maintenance offset with additional efficiencies Continued demand resilience across key markets CHEMICAL Scheduled maintenance in-line with 4Q Corporate and financing expenses expected to be ~$700 million CORPORATE Operating cash flow funds dividend and Capex at current prices and margins 10FIRST QUARTER 2021 OUTLOOK Announced government-mandated curtailments averaging ~150 Koebd UPSTREAM Production expected to be ~140 Koebd higher due to seasonal gas demand Demand levels consistent with 4Q DOWNSTREAM Higher planned turnarounds and maintenance offset with additional efficiencies Continued demand resilience across key markets CHEMICAL Scheduled maintenance in-line with 4Q Corporate and financing expenses expected to be ~$700 million CORPORATE Operating cash flow funds dividend and Capex at current prices and margins 10


MANAGEMENT PERSPECTIVES DARREN WOODS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICERMANAGEMENT PERSPECTIVES DARREN WOODS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER


FOCUSED ON SHAREHOLDER VALUE • Delivering world class safety and reliability • Driving structural cost reductions • Advancing flexible portfolio of high-return, cost-advantaged investments • Maintaining strong dividend and fortified balance sheet • Reducing emissions while developing needed technologies to support the Paris Agreement 12FOCUSED ON SHAREHOLDER VALUE • Delivering world class safety and reliability • Driving structural cost reductions • Advancing flexible portfolio of high-return, cost-advantaged investments • Maintaining strong dividend and fortified balance sheet • Reducing emissions while developing needed technologies to support the Paris Agreement 12


2020 PERSPECTIVE Operational Operating cost Capex Met emission 2 excellence savings flexibility targets for 1 <0.02 LTIR >15% reduction >30% decrease 2020 Best ever workforce From reorganizations, Deferral costs offset by 25% reduction in flaring safety and reliability efficiencies, and workforce savings to preserve long- and 15% reduction in 3 performance. optimizations. term value. methane emissions. CO Captured Permian Chemical Guyana 2 4 120M tonnes ~370Koebd >9M tonnes ~9Boeb #1 in CCS for over 30 Exceeded volumes plan Record polyethylene sales. 18 discoveries, Liza Phase years; equivalent to >25M despite curtailments. New capacity capturing 1 producing at capacity, 5 cars. Improved operating and demand growth for high- Liza Phase 2 on schedule, development metrics. value products. and fully funded Payara. 13 See Supplemental Information for footnotes.2020 PERSPECTIVE Operational Operating cost Capex Met emission 2 excellence savings flexibility targets for 1 <0.02 LTIR >15% reduction >30% decrease 2020 Best ever workforce From reorganizations, Deferral costs offset by 25% reduction in flaring safety and reliability efficiencies, and workforce savings to preserve long- and 15% reduction in 3 performance. optimizations. term value. methane emissions. CO Captured Permian Chemical Guyana 2 4 120M tonnes ~370Koebd >9M tonnes ~9Boeb #1 in CCS for over 30 Exceeded volumes plan Record polyethylene sales. 18 discoveries, Liza Phase years; equivalent to >25M despite curtailments. New capacity capturing 1 producing at capacity, 5 cars. Improved operating and demand growth for high- Liza Phase 2 on schedule, development metrics. value products. and fully funded Payara. 13 See Supplemental Information for footnotes.


DRIVING STRUCTURAL COST EFFICIENCIES Achieved ~$3 billion of structural reductions in 2020; $6 billion by 2023 1 CASH OPEX Billion USD • Delivered on cost reduction objectives, outperforming revised plan 44 3 • Leveraged prior reorganizations to deliver structural reductions of ~$3 billion in 2020 41 39 39 38 3+ • Additional $3 billion of structural efficiencies through 2023 for a total of $6 billion versus 2019 34 34 2019 Structural Market / 2020 Structural Market / 2023 activity activity 1 14 Totals represent cash Opex excluding energy and production taxes. See Supplemental Information for definitions.DRIVING STRUCTURAL COST EFFICIENCIES Achieved ~$3 billion of structural reductions in 2020; $6 billion by 2023 1 CASH OPEX Billion USD • Delivered on cost reduction objectives, outperforming revised plan 44 3 • Leveraged prior reorganizations to deliver structural reductions of ~$3 billion in 2020 41 39 39 38 3+ • Additional $3 billion of structural efficiencies through 2023 for a total of $6 billion versus 2019 34 34 2019 Structural Market / 2020 Structural Market / 2023 activity activity 1 14 Totals represent cash Opex excluding energy and production taxes. See Supplemental Information for definitions.


MAINTAINING INVESTMENT OPTIONALITY Demonstrated ability to adjust capital spending and preserve value CAPEX 2021 – 2025 Billion USD • 2021-2025 capital program optimized to current $20 - $25 market outlook Guidance: $16 - $19 20 Flexible • Investment strategy prioritizes highest return opportunities • Robust economics across price scenarios 10 Less • Flexibility to adjust investments in response to flexible market conditions in any year 0 2021 2022 - 2025, average 15 See Supplemental Information for definitions.MAINTAINING INVESTMENT OPTIONALITY Demonstrated ability to adjust capital spending and preserve value CAPEX 2021 – 2025 Billion USD • 2021-2025 capital program optimized to current $20 - $25 market outlook Guidance: $16 - $19 20 Flexible • Investment strategy prioritizes highest return opportunities • Robust economics across price scenarios 10 Less • Flexibility to adjust investments in response to flexible market conditions in any year 0 2021 2022 - 2025, average 15 See Supplemental Information for definitions.


CAPITAL ALLOCATION PRIORITIES Leverage portfolio flexibility to sustain the dividend 1,2 2021 ESTIMATED SOURCES AND USES OF CASH Billion USD • Prioritizes Guyana, Brazil, Permian, and Chemical By Brent price, with performance products 10yr low Downstream Guidance: & Chemical margins $16 - $19 $55/bbl • Capital flexibility to maintain dividend at ~$45/bbl $50/bbl Flexible and 10-year low Downstream and Chemical $45/bbl margins Less flexible • Debt reduced at Brent > ~$50/bbl and 10-year low Downstream and Chemical margins Available cash Dividend Capex from operations 16 See Supplemental Information for footnotes and definitions.CAPITAL ALLOCATION PRIORITIES Leverage portfolio flexibility to sustain the dividend 1,2 2021 ESTIMATED SOURCES AND USES OF CASH Billion USD • Prioritizes Guyana, Brazil, Permian, and Chemical By Brent price, with performance products 10yr low Downstream Guidance: & Chemical margins $16 - $19 $55/bbl • Capital flexibility to maintain dividend at ~$45/bbl $50/bbl Flexible and 10-year low Downstream and Chemical $45/bbl margins Less flexible • Debt reduced at Brent > ~$50/bbl and 10-year low Downstream and Chemical margins Available cash Dividend Capex from operations 16 See Supplemental Information for footnotes and definitions.


CAPITAL ALLOCATION PRIORITIES Leverage portfolio flexibility to sustain the dividend 1,2 2025 ESTIMATED SOURCES AND USES OF CASH Billion USD • Prioritizes Guyana, Brazil, Permian, and Chemical By Brent price, with performance products 10yr avg. Downstream & Chemical margins Guidance: $55/bbl $20 - $25 $50/bbl • Capital flexibility to maintain dividend at ~$35/bbl $45/bbl and average Downstream and Chemical margins $40/bbl Less flexible Flexible • Debt reduced / shareholder distributions at Brent Less flexible > ~$50/bbl and 10-year average Downstream and Chemical margins Available cash Dividend Capex from operations 17 See Supplemental Information for footnotes and definitions.CAPITAL ALLOCATION PRIORITIES Leverage portfolio flexibility to sustain the dividend 1,2 2025 ESTIMATED SOURCES AND USES OF CASH Billion USD • Prioritizes Guyana, Brazil, Permian, and Chemical By Brent price, with performance products 10yr avg. Downstream & Chemical margins Guidance: $55/bbl $20 - $25 $50/bbl • Capital flexibility to maintain dividend at ~$35/bbl $45/bbl and average Downstream and Chemical margins $40/bbl Less flexible Flexible • Debt reduced / shareholder distributions at Brent Less flexible > ~$50/bbl and 10-year average Downstream and Chemical margins Available cash Dividend Capex from operations 17 See Supplemental Information for footnotes and definitions.


INVESTMENTS SUPPORT CASH FLOW GROWTH 1 Capital expenditures grow cash flow/value through the cycle 2 OPERATING CASH FLOW FROM 2021 – 2025 START-UPS • Cash flow growth driven by investment program, reduced operating expenses, and improved market ~40% of total • 2021 to 2025 project start-ups drive more than 40% of 2025 cash flow 2021 2022 2023 2024 2025 18 See Supplemental Information for footnotes.INVESTMENTS SUPPORT CASH FLOW GROWTH 1 Capital expenditures grow cash flow/value through the cycle 2 OPERATING CASH FLOW FROM 2021 – 2025 START-UPS • Cash flow growth driven by investment program, reduced operating expenses, and improved market ~40% of total • 2021 to 2025 project start-ups drive more than 40% of 2025 cash flow 2021 2022 2023 2024 2025 18 See Supplemental Information for footnotes.


INDUSTRY-LEADING INVESTMENTS Upstream capital program prioritizing low cost-of-supply opportunities 1,2 UPSTREAM INVESTMENTS Brent $/bbl required to generate the cost-of-supply plus 10% return 45 • Industry-leading investments focus on highest- return, lowest cost-of-supply opportunities $40/bbl Brent • Developing projects at less than $40/bbl cost-of- supply 30 • ~90% of Upstream investments generate >10% returns at ≤$35/bbl 15 • Average return of 32% at third-party price 3 outlooks 0 2021 – 2025 Cumulative Capex 19 See Supplemental Information for footnotes and definitions.INDUSTRY-LEADING INVESTMENTS Upstream capital program prioritizing low cost-of-supply opportunities 1,2 UPSTREAM INVESTMENTS Brent $/bbl required to generate the cost-of-supply plus 10% return 45 • Industry-leading investments focus on highest- return, lowest cost-of-supply opportunities $40/bbl Brent • Developing projects at less than $40/bbl cost-of- supply 30 • ~90% of Upstream investments generate >10% returns at ≤$35/bbl 15 • Average return of 32% at third-party price 3 outlooks 0 2021 – 2025 Cumulative Capex 19 See Supplemental Information for footnotes and definitions.


STRENGTHENING PERMIAN PERFORMANCE Significantly improving operating and development metrics 1 DRILLING RATES Lateral feet per day; indexed to 2018 150% • Permian development exceeding expectations • 2020 drilling rates 50% better than plan − >20% better than 2019 75% 2018 2019 2020 • Drilling and completion costs ~15% lower than 1 plan DRILLING AND COMPLETION COSTS Cost per lateral foot; indexed to 2018 − >25% lower than 2019 100% − ~2/3 of improvements due to performance − Fracture stages per day 30% better than 2019 50% 2018 2019 2020 20 See Supplemental Information for footnotes.STRENGTHENING PERMIAN PERFORMANCE Significantly improving operating and development metrics 1 DRILLING RATES Lateral feet per day; indexed to 2018 150% • Permian development exceeding expectations • 2020 drilling rates 50% better than plan − >20% better than 2019 75% 2018 2019 2020 • Drilling and completion costs ~15% lower than 1 plan DRILLING AND COMPLETION COSTS Cost per lateral foot; indexed to 2018 − >25% lower than 2019 100% − ~2/3 of improvements due to performance − Fracture stages per day 30% better than 2019 50% 2018 2019 2020 20 See Supplemental Information for footnotes.


FLEXIBLE PERMIAN DEVELOPMENT PLAN Options to reduce spend with market changes 1 PERMIAN PRODUCTION Koebd • Flexible short-cycle Permian development 800 ~$60/bbl • Reduced 2020 Capex ~35% below plan Production − 2020 volumes on plan, ~100 Koebd above 2019 range ~$50/bbl • Pace of investment set by: 400 − Maintaining positive free cash flow − Delivering industry-leading capital efficiency − Achieving double digit returns at <$35/bbl • Longer term outlook of ~700 Koebd by 2025 0 2020 2021 2025 • Unique technology program brings significant upside to current planning basis 21 See Supplemental Information for footnotes.FLEXIBLE PERMIAN DEVELOPMENT PLAN Options to reduce spend with market changes 1 PERMIAN PRODUCTION Koebd • Flexible short-cycle Permian development 800 ~$60/bbl • Reduced 2020 Capex ~35% below plan Production − 2020 volumes on plan, ~100 Koebd above 2019 range ~$50/bbl • Pace of investment set by: 400 − Maintaining positive free cash flow − Delivering industry-leading capital efficiency − Achieving double digit returns at <$35/bbl • Longer term outlook of ~700 Koebd by 2025 0 2020 2021 2025 • Unique technology program brings significant upside to current planning basis 21 See Supplemental Information for footnotes.


DELIVERING CAPITAL ALLOCATION PRIORITIES • Focused capital program delivers exceptional returns and price resiliency • Restructured organization driving significant efficiencies • Advantaged projects deliver low-cost supply and near-term cash flow • Flexibility to efficiently respond to market developments • Ability to preserve balance sheet and maintain dividend across low price environments 22DELIVERING CAPITAL ALLOCATION PRIORITIES • Focused capital program delivers exceptional returns and price resiliency • Restructured organization driving significant efficiencies • Advantaged projects deliver low-cost supply and near-term cash flow • Flexibility to efficiently respond to market developments • Ability to preserve balance sheet and maintain dividend across low price environments 22


DELIVERING LOWER EMISSIONS Committed to addressing risk of climate change Announced Operated GHG Support Research, develop, reduction plans to emissions commercialize Paris Agreement 2 2025 -6% since 2016 >$3 Billion Absolute Upstream GHG Absolute emissions have Lower-emission solutions: Engaging in climate emissions to drop by 30%, declined since start of the related policy, including a CCS / hydrogen, biofuels, 1 methane & flaring 40-50%. Paris Agreement. cogeneration & efficiency. carbon tax. Hydrogen Renewables in Low carbon Global CCS leader produced operations (600MW) Solutions 1.3 MTA #2 All-time buyer 40% New business to advance commercial CCS Developing technology to Of wind / solar power Of all CO captured, 2 opportunities and deploy produce low-carbon H among Oil & Gas; top 5% equivalent to planting 2 4 3 technologies. with CCS at scale. across all corporates. ~2 billion trees. 23 See Supplemental Information for footnotes.DELIVERING LOWER EMISSIONS Committed to addressing risk of climate change Announced Operated GHG Support Research, develop, reduction plans to emissions commercialize Paris Agreement 2 2025 -6% since 2016 >$3 Billion Absolute Upstream GHG Absolute emissions have Lower-emission solutions: Engaging in climate emissions to drop by 30%, declined since start of the related policy, including a CCS / hydrogen, biofuels, 1 methane & flaring 40-50%. Paris Agreement. cogeneration & efficiency. carbon tax. Hydrogen Renewables in Low carbon Global CCS leader produced operations (600MW) Solutions 1.3 MTA #2 All-time buyer 40% New business to advance commercial CCS Developing technology to Of wind / solar power Of all CO captured, 2 opportunities and deploy produce low-carbon H among Oil & Gas; top 5% equivalent to planting 2 4 3 technologies. with CCS at scale. across all corporates. ~2 billion trees. 23 See Supplemental Information for footnotes.


LOWERING EMISSIONS Committed to reducing emissions 1 EXXONMOBIL AND SOCIETY’S EMISSIONS Indexed to 2016; % • Achieved 6% absolute GHG reduction since Paris 3 105 Agreement in 2016 Non-OECD, +4% Global, +2% • Reducing intensity across businesses results in ~11 100 2 to 13% lower emissions OECD, -1% • Robust processes for continuing efficiency 95 improvements and lower emissions ExxonMobil, -6% • Accretive investments deliver additional emission 90 ExxonMobil reductions 2020 estimate (including Covid) 2 -11% to -13% 85 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 24 See Supplemental Information for footnotes.LOWERING EMISSIONS Committed to reducing emissions 1 EXXONMOBIL AND SOCIETY’S EMISSIONS Indexed to 2016; % • Achieved 6% absolute GHG reduction since Paris 3 105 Agreement in 2016 Non-OECD, +4% Global, +2% • Reducing intensity across businesses results in ~11 100 2 to 13% lower emissions OECD, -1% • Robust processes for continuing efficiency 95 improvements and lower emissions ExxonMobil, -6% • Accretive investments deliver additional emission 90 ExxonMobil reductions 2020 estimate (including Covid) 2 -11% to -13% 85 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 24 See Supplemental Information for footnotes.


REDUCTIONS CONSISTENT WITH PARIS AGREEMENT Plans provide affordable and reliable energy while minimizing environmental impacts 1,2,3 EXXONMOBIL AND SOCIETY’S EMISSIONS Percent reduction versus 2016 1 Society’s emissions Paris submissions (estimated 2016 0.9 Nationally Determined Contributions) 0% 0.8 ExxonMobil 0.7 GHG emissions 2025 Plan -25% 0.6 0.5 -50% 0.4 0.3 -75% 0.2 0.1 Hypothetical Hypothetical Net 1.5°C pathway 2°C pathway zero -100% 0 2016 2015 2030 2045 2060 2075 25 See Supplemental Information for footnotes.REDUCTIONS CONSISTENT WITH PARIS AGREEMENT Plans provide affordable and reliable energy while minimizing environmental impacts 1,2,3 EXXONMOBIL AND SOCIETY’S EMISSIONS Percent reduction versus 2016 1 Society’s emissions Paris submissions (estimated 2016 0.9 Nationally Determined Contributions) 0% 0.8 ExxonMobil 0.7 GHG emissions 2025 Plan -25% 0.6 0.5 -50% 0.4 0.3 -75% 0.2 0.1 Hypothetical Hypothetical Net 1.5°C pathway 2°C pathway zero -100% 0 2016 2015 2030 2045 2060 2075 25 See Supplemental Information for footnotes.


CARBON CAPTURE IS CRITICAL FOR A 2°C PATHWAY CCS mitigates emissions at an affordable cost 1 PROJECTED CO REDUCTIONS BY TECHNOLOGY FROM 2019 - 2040 2 Billion tonnes 0 5 10 15 20 25• IEA/IPCC assessment of carbon capture: Solar 2 − Grows to 10% of energy system by 2040 Wind 3 − Mitigates 15% of global emissions CCS − Societal costs to achieve 2°C are more than double Biofuels in 4 without CCS transport Other grid-scale renewables − Market deployment is not on track 5 IEA Tracking Clean Energy Progress Hydro On-track More efforts needed Nuclear Not on track 26 See Supplemental Information for footnotes.CARBON CAPTURE IS CRITICAL FOR A 2°C PATHWAY CCS mitigates emissions at an affordable cost 1 PROJECTED CO REDUCTIONS BY TECHNOLOGY FROM 2019 - 2040 2 Billion tonnes 0 5 10 15 20 25• IEA/IPCC assessment of carbon capture: Solar 2 − Grows to 10% of energy system by 2040 Wind 3 − Mitigates 15% of global emissions CCS − Societal costs to achieve 2°C are more than double Biofuels in 4 without CCS transport Other grid-scale renewables − Market deployment is not on track 5 IEA Tracking Clean Energy Progress Hydro On-track More efforts needed Nuclear Not on track 26 See Supplemental Information for footnotes.


EXXONMOBIL IS THE GLOBAL LEADER IN CCS More than 30 years of CCS experience • Leveraging ExxonMobil’s strengths to significantly 1 CUMULATIVE CO CAPTURE VOLUME SINCE 1970 2 advance CCS: Million tonnes − 30+ years of operating experience − Process innovation Remaining 44 − Project execution companies − Subsurface / reservoir expertise ExxonMobil 120 MT − Commercializing & scaling new technology captured 40% • Evaluating more than 20 new opportunities Of all CO 2 − Potential to produce low-carbon Hydrogen captured since 1970 • Establishing Low Carbon Solutions Business to: Company D− Develop commercial opportunities at scale − Advance regulatory and legal frameworks Company C − Commercialize other low-carbon technologies from Company B R&D portfolio Company A 27 See Supplemental Information for footnotes.EXXONMOBIL IS THE GLOBAL LEADER IN CCS More than 30 years of CCS experience • Leveraging ExxonMobil’s strengths to significantly 1 CUMULATIVE CO CAPTURE VOLUME SINCE 1970 2 advance CCS: Million tonnes − 30+ years of operating experience − Process innovation Remaining 44 − Project execution companies − Subsurface / reservoir expertise ExxonMobil 120 MT − Commercializing & scaling new technology captured 40% • Evaluating more than 20 new opportunities Of all CO 2 − Potential to produce low-carbon Hydrogen captured since 1970 • Establishing Low Carbon Solutions Business to: Company D− Develop commercial opportunities at scale − Advance regulatory and legal frameworks Company C − Commercialize other low-carbon technologies from Company B R&D portfolio Company A 27 See Supplemental Information for footnotes.


FOCUSED ON SHAREHOLDER VALUE • Delivering world class safety and reliability • Driving structural cost reductions • Advancing flexible portfolio of high-return, cost-advantaged investments • Maintaining strong dividend and fortified balance sheet • Reducing emissions while developing needed technologies to support the Paris Agreement 28FOCUSED ON SHAREHOLDER VALUE • Delivering world class safety and reliability • Driving structural cost reductions • Advancing flexible portfolio of high-return, cost-advantaged investments • Maintaining strong dividend and fortified balance sheet • Reducing emissions while developing needed technologies to support the Paris Agreement 28


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EARNINGS POTENTIAL Improvements in price and margins generate material cash flow upside DOWNSTREAM AND CHEMICAL ANNUAL EARNINGS SENSITIVITY FROM 6 PRICES / MARGINS 4Q 2020 MARGINS 2010 - 2020 Billion USD ~10 Crude¹ Natural gas² Downstream Chemical ($/bbl) ($/mbtu) margins³ margins⁴ ($/bbl) ($/tonne) ~6 2010-19 Annual range ~3 5 Jan Est. 4Q 2020 3Q 2020 Low end of range Mean of range High end of range • Crude and downstream margins remained below 10-year range in 4Q 2020 • January month-to-date Brent has improved by more than $10/bbl from 4Q 2020 • Significant Downstream and Chemical earnings upside • 2021 plans maintain dividend across wide range of low prices / margins 30 See Supplemental Information for footnotes.EARNINGS POTENTIAL Improvements in price and margins generate material cash flow upside DOWNSTREAM AND CHEMICAL ANNUAL EARNINGS SENSITIVITY FROM 6 PRICES / MARGINS 4Q 2020 MARGINS 2010 - 2020 Billion USD ~10 Crude¹ Natural gas² Downstream Chemical ($/bbl) ($/mbtu) margins³ margins⁴ ($/bbl) ($/tonne) ~6 2010-19 Annual range ~3 5 Jan Est. 4Q 2020 3Q 2020 Low end of range Mean of range High end of range • Crude and downstream margins remained below 10-year range in 4Q 2020 • January month-to-date Brent has improved by more than $10/bbl from 4Q 2020 • Significant Downstream and Chemical earnings upside • 2021 plans maintain dividend across wide range of low prices / margins 30 See Supplemental Information for footnotes.


UPSTREAM 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 745 • Captured benefits of improving gas and LNG markets 400 • Strategic investment in Guyana, reduced economic (90) 160 curtailments and lower maintenance increased earnings • Higher expenses due to timing of exploration activity 650 • Favorable one-time tax items partially offset by unfavorable forex (372) 3Q20 ex. Price Volume Expenses Tax / Forex 4Q20 ex. Ident. Items / other Ident. Items 31UPSTREAM 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 745 • Captured benefits of improving gas and LNG markets 400 • Strategic investment in Guyana, reduced economic (90) 160 curtailments and lower maintenance increased earnings • Higher expenses due to timing of exploration activity 650 • Favorable one-time tax items partially offset by unfavorable forex (372) 3Q20 ex. Price Volume Expenses Tax / Forex 4Q20 ex. Ident. Items / other Ident. Items 31


UPSTREAM VOLUMES 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd • Reduced economic curtailment offset by higher government-mandated curtailments Groningen 3,689 Limits (35) 85 3,672 • Lower entitlements with higher prices (5) • Higher European seasonal gas demand (90) 60 • Increased liquids production with lower maintenance and growth in Guyana and Abu Dhabi • Higher gas planned maintenance and higher government limits on Groningen 3Q20 Curtail- Entitle- Demand Liquids Gas maint 4Q20 ments ments growth / other / other 32 See Supplemental Information for reconciliation of curtailments.UPSTREAM VOLUMES 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN VOLUMES Koebd • Reduced economic curtailment offset by higher government-mandated curtailments Groningen 3,689 Limits (35) 85 3,672 • Lower entitlements with higher prices (5) • Higher European seasonal gas demand (90) 60 • Increased liquids production with lower maintenance and growth in Guyana and Abu Dhabi • Higher gas planned maintenance and higher government limits on Groningen 3Q20 Curtail- Entitle- Demand Liquids Gas maint 4Q20 ments ments growth / other / other 32 See Supplemental Information for reconciliation of curtailments.


DOWNSTREAM 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Lower margins include the impact of unsettled mark-to-market derivatives • Higher planned turnaround and maintenance activity (240) • Strong manufacturing product yields and mix from (430) recent investments (691) (40) 160 (300) 160 3Q20 ex. Margin Demand Expenses Mfg. / Inventory 4Q20 ex. Ident. Items yield valuation Ident. Items / other 33DOWNSTREAM 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Lower margins include the impact of unsettled mark-to-market derivatives • Higher planned turnaround and maintenance activity (240) • Strong manufacturing product yields and mix from (430) recent investments (691) (40) 160 (300) 160 3Q20 ex. Margin Demand Expenses Mfg. / Inventory 4Q20 ex. Ident. Items yield valuation Ident. Items / other 33


CHEMICAL 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 30 • Strong operational performance and improved (80) margins from packaging strength and automotive / durable market recovery (80) 713 300 • Higher planned maintenance 546 • Unfavorable year-end LIFO impact 3Q20 ex. Margin Volume Expenses Other 4Q20 ex. Ident. Items Ident. Items 34CHEMICAL 4Q20 VS. 3Q20 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 30 • Strong operational performance and improved (80) margins from packaging strength and automotive / durable market recovery (80) 713 300 • Higher planned maintenance 546 • Unfavorable year-end LIFO impact 3Q20 ex. Margin Volume Expenses Other 4Q20 ex. Ident. Items Ident. Items 34


UPSTREAM 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Unprecedented demand destruction significantly 10,008 impacted liquids and gas realizations • High-return liquids growth in Permian and Guyana partially offset divestments, curtailments, and Groningen limits • Structural opex reduction drove earnings benefits • Favorable tax items and forex 210 (336) 960 (11,210) (300) 2019 ex. Price Volume Expenses Tax / other 2020 ex. Ident. Items Ident. Items 35UPSTREAM 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Unprecedented demand destruction significantly 10,008 impacted liquids and gas realizations • High-return liquids growth in Permian and Guyana partially offset divestments, curtailments, and Groningen limits • Structural opex reduction drove earnings benefits • Favorable tax items and forex 210 (336) 960 (11,210) (300) 2019 ex. Price Volume Expenses Tax / other 2020 ex. Ident. Items Ident. Items 35


DOWNSTREAM 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Unprecedented demand destruction significantly 2,332 impacted refining margins • Contribution from trading, optimization, and marketing helped mitigate margin loss • Significant demand loss driven by pandemic (390) 990 (218) • Investments to improve yields, strong reliability, and lower expenses delivered higher earnings 1,290 (3,820) (620) 2019 ex. Margin Demand Expenses Mfg. / Inventory 2020 ex. Ident. Items yield valuation Ident. Items / other 36DOWNSTREAM 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD • Unprecedented demand destruction significantly 2,332 impacted refining margins • Contribution from trading, optimization, and marketing helped mitigate margin loss • Significant demand loss driven by pandemic (390) 990 (218) • Investments to improve yields, strong reliability, and lower expenses delivered higher earnings 1,290 (3,820) (620) 2019 ex. Margin Demand Expenses Mfg. / Inventory 2020 ex. Ident. Items yield valuation Ident. Items / other 36


CHEMICAL 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 2,077 • Strong reliability and lower feed costs improved margins 710 • COVID impacted sales volumes across multiple (150) businesses 930 • Delivered aggressive cost reduction through supply chain efficiencies, contractor management, and activity pacing 590 2019 ex. Margin Volume Expenses 2020 ex. Ident. Items Ident. Items 37CHEMICAL 2020 VS. 2019 CONTRIBUTING FACTORS TO CHANGE IN EARNINGS Million USD 2,077 • Strong reliability and lower feed costs improved margins 710 • COVID impacted sales volumes across multiple (150) businesses 930 • Delivered aggressive cost reduction through supply chain efficiencies, contractor management, and activity pacing 590 2019 ex. Margin Volume Expenses 2020 ex. Ident. Items Ident. Items 37


SUPPLEMENTAL INFORMATION IDENTIFIED ITEMS RECONCILIATION FOURTH QUARTER THIRD QUARTER TWELVE MONTHS 2020 2019 2020 2020 2019 Earnings / (Loss) U.S. GAAP (20.1) 5.7 (0.7) (22.4) 14.3 Identified Items Included in Earnings / (Loss) Noncash inventory valuation - lower of cost or market - - 0.1 (0.1) - Impairment (19.3) - - (20.1) - Tax and Other items (asset management, severance) (0.9) 3.9 - (0.9) 4.7 Corporate Total (20.2) 3.9 0.1 (21.0) 4.7 Earnings/(Loss) Excluding Identified Items 0.1 1.8 (0.8) (1.4) 9.6 Billions of dollars unless specified otherwise. 38 Due to rounding, numbers presented above may not add up precisely to the totals indicated.SUPPLEMENTAL INFORMATION IDENTIFIED ITEMS RECONCILIATION FOURTH QUARTER THIRD QUARTER TWELVE MONTHS 2020 2019 2020 2020 2019 Earnings / (Loss) U.S. GAAP (20.1) 5.7 (0.7) (22.4) 14.3 Identified Items Included in Earnings / (Loss) Noncash inventory valuation - lower of cost or market - - 0.1 (0.1) - Impairment (19.3) - - (20.1) - Tax and Other items (asset management, severance) (0.9) 3.9 - (0.9) 4.7 Corporate Total (20.2) 3.9 0.1 (21.0) 4.7 Earnings/(Loss) Excluding Identified Items 0.1 1.8 (0.8) (1.4) 9.6 Billions of dollars unless specified otherwise. 38 Due to rounding, numbers presented above may not add up precisely to the totals indicated.


SUPPLEMENTAL INFORMATION “Curtailments,” as used on slides 7 and 32, includes both (1) government mandates and (2) economic curtailments. Government mandates are shown as a separate category below. Economic curtailments are included below as part of the “Demand / Other” category. 1 UPSTREAM VOLUME FACTOR ANALYSIS 4Q20 vs. 3Q20 4Q20 vs. 4Q19 2020 vs. 2019 Prior Period 3,672 4,018 3,952 Downtime / Maintenance +34 +66 +50 Growth / Decline +46 +56 +92 Entitlement / Divestments -91 -180 -93 Government mandates -48 -188 -110 Demand / Other +76 -83 -130 Current Period 3,689 3,689 3,761 1 39 KoebdSUPPLEMENTAL INFORMATION “Curtailments,” as used on slides 7 and 32, includes both (1) government mandates and (2) economic curtailments. Government mandates are shown as a separate category below. Economic curtailments are included below as part of the “Demand / Other” category. 1 UPSTREAM VOLUME FACTOR ANALYSIS 4Q20 vs. 3Q20 4Q20 vs. 4Q19 2020 vs. 2019 Prior Period 3,672 4,018 3,952 Downtime / Maintenance +34 +66 +50 Growth / Decline +46 +56 +92 Entitlement / Divestments -91 -180 -93 Government mandates -48 -188 -110 Demand / Other +76 -83 -130 Current Period 3,689 3,689 3,761 1 39 Koebd


SUPPLEMENTAL INFORMATION Slide 4 Slide 17 1) Period-to-period change in earnings as a result of fair value accounting for 1) 2025 Available Cash from Operations assumes Downstream and Chemical unsettled derivatives. at the average of the annual margins from 2010 – 2019. See definitions on page 43. 2) Any decisions on future dividend levels is at the discretion of the Board of Slide 9 Directors. This chart assumes dividends per share are held flat relative to 1) Excludes impact of impairments classified as identified items. 4Q20 levels. 2) Includes PP&E Adds of ($3.6B) and net investments / advances of ($0.4B) in 4Q20. 3) Ending debt is the sum of (1) Notes and loans payable and (2) Long-term debt as Slide 18 reported in Form 10-K, at the end of the fourth quarter. 1) Operating cash flow on this slide is earnings plus Depreciation, Depletion, and Amortization. The chart indicates estimated operating cash flow for Slide 13 projects that are completed in years 2021 through 2025. 1) Lost-time injuries and illness rate (incidents per 200,000 work hours). 2) Based on 4Q/Dec 2020 IHS forecasts for Brent price and Downstream. IHS 2) Reduction is in Cash Operating Costs, comparing 2020 to 2019. See definitions Fall 2020 margin forecast for Chemical margins where appropriate margin on page 43. markers available, otherwise company estimates. Price and margins applied 3) Compared to 2016 levels based on assets operated by ExxonMobil. Preliminary to ExxonMobil footprint. analysis assumes performance from OBO assets is similar to 2019. 4) Gross recoverable resource. Slide 19 5) Global CCS Institute 2020 report and ExxonMobil analysis of 2020 facility data. 1) Includes projects that bring on new volumes. Car equivalency calculated with US EPA GHG equivalency calculator. 2) Breakeven based on cost-of-supply to generate a minimum 10% return on a money-forward basis. Slide 16 3) At IHS price forecast. 1) 2021 Available Cash from Operations assumes Downstream and Chemical margins at 10-year annual lows from 2010 – 2019. See definitions on page 43. 2) Any decisions on future dividend levels is at the discretion of the Board of Directors. This chart assumes dividends per share are held flat relative to 4Q20 levels. 40SUPPLEMENTAL INFORMATION Slide 4 Slide 17 1) Period-to-period change in earnings as a result of fair value accounting for 1) 2025 Available Cash from Operations assumes Downstream and Chemical unsettled derivatives. at the average of the annual margins from 2010 – 2019. See definitions on page 43. 2) Any decisions on future dividend levels is at the discretion of the Board of Slide 9 Directors. This chart assumes dividends per share are held flat relative to 1) Excludes impact of impairments classified as identified items. 4Q20 levels. 2) Includes PP&E Adds of ($3.6B) and net investments / advances of ($0.4B) in 4Q20. 3) Ending debt is the sum of (1) Notes and loans payable and (2) Long-term debt as Slide 18 reported in Form 10-K, at the end of the fourth quarter. 1) Operating cash flow on this slide is earnings plus Depreciation, Depletion, and Amortization. The chart indicates estimated operating cash flow for Slide 13 projects that are completed in years 2021 through 2025. 1) Lost-time injuries and illness rate (incidents per 200,000 work hours). 2) Based on 4Q/Dec 2020 IHS forecasts for Brent price and Downstream. IHS 2) Reduction is in Cash Operating Costs, comparing 2020 to 2019. See definitions Fall 2020 margin forecast for Chemical margins where appropriate margin on page 43. markers available, otherwise company estimates. Price and margins applied 3) Compared to 2016 levels based on assets operated by ExxonMobil. Preliminary to ExxonMobil footprint. analysis assumes performance from OBO assets is similar to 2019. 4) Gross recoverable resource. Slide 19 5) Global CCS Institute 2020 report and ExxonMobil analysis of 2020 facility data. 1) Includes projects that bring on new volumes. Car equivalency calculated with US EPA GHG equivalency calculator. 2) Breakeven based on cost-of-supply to generate a minimum 10% return on a money-forward basis. Slide 16 3) At IHS price forecast. 1) 2021 Available Cash from Operations assumes Downstream and Chemical margins at 10-year annual lows from 2010 – 2019. See definitions on page 43. 2) Any decisions on future dividend levels is at the discretion of the Board of Directors. This chart assumes dividends per share are held flat relative to 4Q20 levels. 40


SUPPLEMENTAL INFORMATION Slide 20 Slide 24 1) Midland and Delaware only, including all areas, formations and lateral lengths. 1) EM GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) from 2 2016 to 2019 and preliminary estimate for 2020 compared to society’s energy-related CO based on EM analysis of IEA reports. 2 Slide 21 2) Emission reduction plans announced in December 2020 include a 15 to 20 1) Midland and Delaware only. Price sensitivity expressed in Brent. percent reduction in greenhouse gas intensity of upstream operations compared to 2016 levels. Plans cover Scope 1 and Scope 2 emissions, and Slide 23 are expected to result in a 11 to 13 percent reduction in absolute 1) ExxonMobil GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) greenhouse gas emissions for assets currently operated by the company by 2 from 2016 to 2019. the end of 2025. 2) Represents currently identified future investment opportunities, consistent with 3) EM GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) from 2 past practice, results, and announced plans. 2016 to 2019. 3) Global CCS Institute 2020 report and ExxonMobil analysis of 2020 facility data. Tree statistic calculated with US EPA GHG equivalency calculator. 4) All time, based on total wind and solar power purchase agreements signed from BloombergNEF download on Jan 28, 2021. Slide 25 1) Global CO emissions: Global Carbon Budget 2020; Friedlingstein et al 2 (2020); including energy-related and cement processing CO emissions. 2 2) Paris submissions: estimated based on 2016 Nationally Determined Contributions. 3) Emission reduction plans announced in December 2020 include a 15 to 20 percent reduction in greenhouse gas intensity of upstream operations compared to 2016 levels. Plans cover Scope 1 and Scope 2 emissions, and are expected to result in a 11 to 13 percent reduction in absolute greenhouse gas emissions for assets currently operated by the company by the end of 2025. 41SUPPLEMENTAL INFORMATION Slide 20 Slide 24 1) Midland and Delaware only, including all areas, formations and lateral lengths. 1) EM GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) from 2 2016 to 2019 and preliminary estimate for 2020 compared to society’s energy-related CO based on EM analysis of IEA reports. 2 Slide 21 2) Emission reduction plans announced in December 2020 include a 15 to 20 1) Midland and Delaware only. Price sensitivity expressed in Brent. percent reduction in greenhouse gas intensity of upstream operations compared to 2016 levels. Plans cover Scope 1 and Scope 2 emissions, and Slide 23 are expected to result in a 11 to 13 percent reduction in absolute 1) ExxonMobil GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) greenhouse gas emissions for assets currently operated by the company by 2 from 2016 to 2019. the end of 2025. 2) Represents currently identified future investment opportunities, consistent with 3) EM GHG emissions, absolute (Operated CO -equivalent Scope 1 & 2) from 2 past practice, results, and announced plans. 2016 to 2019. 3) Global CCS Institute 2020 report and ExxonMobil analysis of 2020 facility data. Tree statistic calculated with US EPA GHG equivalency calculator. 4) All time, based on total wind and solar power purchase agreements signed from BloombergNEF download on Jan 28, 2021. Slide 25 1) Global CO emissions: Global Carbon Budget 2020; Friedlingstein et al 2 (2020); including energy-related and cement processing CO emissions. 2 2) Paris submissions: estimated based on 2016 Nationally Determined Contributions. 3) Emission reduction plans announced in December 2020 include a 15 to 20 percent reduction in greenhouse gas intensity of upstream operations compared to 2016 levels. Plans cover Scope 1 and Scope 2 emissions, and are expected to result in a 11 to 13 percent reduction in absolute greenhouse gas emissions for assets currently operated by the company by the end of 2025. 41


SUPPLEMENTAL INFORMATION Slide 26 Slide 30 1) IEA World Energy Outlook 2020. Comparison of IEA Sustainable Development 1) Source: S&P Global Platts. Scenario vs. IEA Stated Policies Scenario. 2) Source: ICE. Equal weighting of Henry Hub and NBP. 2) Average across IPCC’s 74 Lower 2°C scenarios in IPCC SR1.5. 3) Source: S&P Global Platts and ExxonMobil analysis. Equal weighting of U.S. 3) IEA (2020) CCUS in Clean Energy Transitions. Gulf Coast (Maya – Coking), Northwest Europe (Brent – Catalytic Cracking), 4) IPCC (5th Assessment) assessed increase in societal costs to achieve a 2°C and Singapore (Dubai – Catalytic Cracking) netted for industry average outcome. Opex and renewable identification numbers (RINS). 5) IEA (2020) Tracking Clean Energy Progress. 4) Source: IHS Markit, Platts, and company estimates. Weighting of polyethylene, polypropylene, and paraxylene based on ExxonMobil capacity. Slide 27 5) Internal estimate based on available January 2021 data. 1) 40% of all anthropogenic CO captured since 1970. Global CCS Institute 2020 2 6) Price/Margin basis consistent with supplemental notes 3 & 4 (above); report and ExxonMobil analysis of 2020 facility data. reflects annual earnings upside versus annualized 4Q20 margin basis. 42SUPPLEMENTAL INFORMATION Slide 26 Slide 30 1) IEA World Energy Outlook 2020. Comparison of IEA Sustainable Development 1) Source: S&P Global Platts. Scenario vs. IEA Stated Policies Scenario. 2) Source: ICE. Equal weighting of Henry Hub and NBP. 2) Average across IPCC’s 74 Lower 2°C scenarios in IPCC SR1.5. 3) Source: S&P Global Platts and ExxonMobil analysis. Equal weighting of U.S. 3) IEA (2020) CCUS in Clean Energy Transitions. Gulf Coast (Maya – Coking), Northwest Europe (Brent – Catalytic Cracking), 4) IPCC (5th Assessment) assessed increase in societal costs to achieve a 2°C and Singapore (Dubai – Catalytic Cracking) netted for industry average outcome. Opex and renewable identification numbers (RINS). 5) IEA (2020) Tracking Clean Energy Progress. 4) Source: IHS Markit, Platts, and company estimates. Weighting of polyethylene, polypropylene, and paraxylene based on ExxonMobil capacity. Slide 27 5) Internal estimate based on available January 2021 data. 1) 40% of all anthropogenic CO captured since 1970. Global CCS Institute 2020 2 6) Price/Margin basis consistent with supplemental notes 3 & 4 (above); report and ExxonMobil analysis of 2020 facility data. reflects annual earnings upside versus annualized 4Q20 margin basis. 42


SUPPLEMENTAL INFORMATION Definitions Available Cash from Operations provides an indication of cash flow available to fund shareholder distributions, capex, and debt reduction and is calculated as the sum of (1) net cash provided by operating activities and (2) net cash used in investing activities, both from the Consolidated Statement of Cash Flows, and (3) capital and exploration expenditures. Cash Flow from Operations and Asset Sales. Cash flow from operations and asset sales is the sum of the net cash provided by operating activities and proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments from the Summary statement of cash flows. This cash flow reflects the total sources of cash from both operating the Corporation’s assets and from the divesting of assets. Cash Operating Costs and Cash Opex. Cash operating costs consist of (1) Production and manufacturing expenses, (2) Selling, general and administrative expenses, and (3) Exploration expenses, including dry holes from ExxonMobil’s consolidated statement of income. The sums of these income statement lines serve as an indication of cash operating costs and do not reflect the total cash operating costs of the Corporation. This measure is useful in understanding the Corporation’s efforts to conserve cash on hand while progressing planned projects. Cash Opex as used on slides 6, 8, and 14 is a proxy for this measure that includes equity company cash expenses. Flexible Capex. Flexible Capex includes those investments with minimal costs or value loss to defer expenditures, such as investments in short cycle businesses like unconventionals, projects that have not commenced or are early in construction and with limited penalty to pause. Less flexible Capex includes projects conducted for safety, environmental and regulatory reasons, projects already in execution with penalties or loss of value associated with pausing, and investments made in order to retain rights or options for potential future investment. Project. The term “project” as used in this presentation can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. Resources, resource base, and recoverable resources. Along with similar terms, these refer to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately recoverable. ExxonMobil refers to new discoveries and acquisitions of discovered resources as resource additions. The resource base includes quantities of oil and natural gas classified as proved reserves, as well as, quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable. The term “resource base” or similar terms is not intended to correspond to SEC definitions such as “probable” or “possible” reserves. The term “in-place” refers to those quantities of oil and natural gas estimated to be contained in known accumulations and includes recoverable and unrecoverable amounts. “Potential” resource amounts are not currently included in the resource base. Returns, investment returns, project returns. Unless referring specifically to ROCE, references to returns, investment returns, project returns, and similar terms mean future discounted cash flow returns on future capital investments based on current company estimates. Investment returns exclude prior exploration and acquisition costs. 43SUPPLEMENTAL INFORMATION Definitions Available Cash from Operations provides an indication of cash flow available to fund shareholder distributions, capex, and debt reduction and is calculated as the sum of (1) net cash provided by operating activities and (2) net cash used in investing activities, both from the Consolidated Statement of Cash Flows, and (3) capital and exploration expenditures. Cash Flow from Operations and Asset Sales. Cash flow from operations and asset sales is the sum of the net cash provided by operating activities and proceeds associated with sales of subsidiaries, property, plant and equipment, and sales and returns of investments from the Summary statement of cash flows. This cash flow reflects the total sources of cash from both operating the Corporation’s assets and from the divesting of assets. Cash Operating Costs and Cash Opex. Cash operating costs consist of (1) Production and manufacturing expenses, (2) Selling, general and administrative expenses, and (3) Exploration expenses, including dry holes from ExxonMobil’s consolidated statement of income. The sums of these income statement lines serve as an indication of cash operating costs and do not reflect the total cash operating costs of the Corporation. This measure is useful in understanding the Corporation’s efforts to conserve cash on hand while progressing planned projects. Cash Opex as used on slides 6, 8, and 14 is a proxy for this measure that includes equity company cash expenses. Flexible Capex. Flexible Capex includes those investments with minimal costs or value loss to defer expenditures, such as investments in short cycle businesses like unconventionals, projects that have not commenced or are early in construction and with limited penalty to pause. Less flexible Capex includes projects conducted for safety, environmental and regulatory reasons, projects already in execution with penalties or loss of value associated with pausing, and investments made in order to retain rights or options for potential future investment. Project. The term “project” as used in this presentation can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. Resources, resource base, and recoverable resources. Along with similar terms, these refer to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately recoverable. ExxonMobil refers to new discoveries and acquisitions of discovered resources as resource additions. The resource base includes quantities of oil and natural gas classified as proved reserves, as well as, quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable. The term “resource base” or similar terms is not intended to correspond to SEC definitions such as “probable” or “possible” reserves. The term “in-place” refers to those quantities of oil and natural gas estimated to be contained in known accumulations and includes recoverable and unrecoverable amounts. “Potential” resource amounts are not currently included in the resource base. Returns, investment returns, project returns. Unless referring specifically to ROCE, references to returns, investment returns, project returns, and similar terms mean future discounted cash flow returns on future capital investments based on current company estimates. Investment returns exclude prior exploration and acquisition costs. 43


Important Additional Information Regarding Proxy Solicitation Exxon Mobil Corporation (“ExxonMobil”) intends to file a proxy statement and associated BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for ExxonMobil’s 2021 Annual Meeting (the “Proxy Statement”). ExxonMobil, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2021 Annual Meeting. Information regarding the names of ExxonMobil’s directors and executive officers and their respective interests in ExxonMobil by security holdings or otherwise is set forth in ExxonMobil’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on February 26, 2020, ExxonMobil’s proxy statement for the 2020 Annual Meeting of Shareholders, filed with the SEC on April 9, 2020 and ExxonMobil’s Form 8-K filed with the SEC on December 1, 2020. To the extent holdings of such participants in ExxonMobil’s securities are not reported, or have changed since the amounts described, in the 2020 proxy statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Details concerning the nominees of ExxonMobil’s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY CARD WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive Proxy Statement and other relevant documents filed by ExxonMobil free of charge from the SEC’s website, www.sec.gov. ExxonMobil’s shareholders will also be able to obtain, without charge, a copy of the definitive Proxy Statement and other relevant filed documents by directing a request by mail to ExxonMobil Shareholder Services at 5959 Las Colinas Boulevard, Irving, Texas, 75039-2298 or at shareholderrelations@exxonmobil.com or from the investor relations section of ExxonMobil’s website, www.exxonmobil.com/investor.Important Additional Information Regarding Proxy Solicitation Exxon Mobil Corporation (“ExxonMobil”) intends to file a proxy statement and associated BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for ExxonMobil’s 2021 Annual Meeting (the “Proxy Statement”). ExxonMobil, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2021 Annual Meeting. Information regarding the names of ExxonMobil’s directors and executive officers and their respective interests in ExxonMobil by security holdings or otherwise is set forth in ExxonMobil’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on February 26, 2020, ExxonMobil’s proxy statement for the 2020 Annual Meeting of Shareholders, filed with the SEC on April 9, 2020 and ExxonMobil’s Form 8-K filed with the SEC on December 1, 2020. To the extent holdings of such participants in ExxonMobil’s securities are not reported, or have changed since the amounts described, in the 2020 proxy statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Details concerning the nominees of ExxonMobil’s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY CARD WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive Proxy Statement and other relevant documents filed by ExxonMobil free of charge from the SEC’s website, www.sec.gov. ExxonMobil’s shareholders will also be able to obtain, without charge, a copy of the definitive Proxy Statement and other relevant filed documents by directing a request by mail to ExxonMobil Shareholder Services at 5959 Las Colinas Boulevard, Irving, Texas, 75039-2298 or at shareholderrelations@exxonmobil.com or from the investor relations section of ExxonMobil’s website, www.exxonmobil.com/investor.