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ExxonMobil — Prepared Remarks - English (company IR deck)
ExxonMobil (XOM) · 17 slides · Filed Nov 1, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All XOM deck slides
Slide 1 — PREPARED REMARKS
PREPARED REMARKS 1 Matteo Pedercini Hello, I’m Matteo Pedercini, Director of Investor Relations at ExxonMobil. Thank you for your interest in our company.
Slide 2 — PREPARED REMARKS
PREPARED REMARKS 2 I’ll make some forward-looking comments during this presentation that are subject to risks and uncertainties. Please read our cautionary statement on slide 2.
Slide 3 — PREPARED REMARKS
PREPARED REMARKS 3 Today, I’ll focus on one question: Why invest in ExxonMobil? We believe ExxonMobil’s value proposition is unique: we deliver the energy and products the world needs… now… and will continue to need into the future. Several years ago, we began our work to transform this company with a single goal – to fully unlock our competitive advantages. Today, the work is paying off, we deliver industry- leading results. Across our businesses, we operate in large, attractive markets with a broad set of opportunities. And because of our scale, expertise, and unique capabilities, we believe we are better positioned than anyone to capture them. Our unmatched portfolio, built on these structural competitive advantages, is already generating significant and growing cash flow. We have a long track record of leading performance and have clear plans in place to continue to grow value well into the future.
Slide 4 — PREPARED REMARKS
PREPARED REMARKS 4 In 2025, we earned nearly $30 billion and generated over $50 billion in cash flow — more than any other integrated oil company. Over the past five years, our total shareholder return was 29% per year, compared to 20% for the next closest peer. We finished the year with an enterprise value of more than half a trillion dollars. But perhaps the most telling statistic is this: We have grown our annual dividend per share for 43 consecutive years. Think about that timeframe…through the dot-com bubble, the 2008 financial crisis, and the global pandemic, the dividend grew. Today, fewer than 5% of S&P 500 companies can say the same.
Slide 5 — PREPARED REMARKS
PREPARED REMARKS 5 Looking ahead … the world faces challenges: the need for more energy and fewer emissions. By 2050, developing countries are projected to use 25% more energy as living standards rise. While the energy mix is evolving, oil and gas will likely remain the largest source of energy to power the global economy for decades to come. At the same time, the world will adopt more lower-emission technologies. And, as a result, global CO2 emissions are expected to fall roughly 25%. ExxonMobil is not choosing between these two realities: we are seeking to lead in both.
Slide 6 — PREPARED REMARKS
PREPARED REMARKS 6 Across our businesses, we are seeking to capture the massive opportunities in front of us. Our Low Carbon Solutions business is a prime example. We are applying the same engineering rigor and project execution capabilities to decarbonization that we apply to the Permian and Guyana. We are helping customers in hard-to-abate sectors lower their carbon footprints while opening new, profitable market opportunities. Altogether, our existing and new businesses represent massive opportunity sets with total addressable markets of roughly $4 trillion by 2030. Growing further to nearly $8 trillion by 2050.
Slide 7 — PREPARED REMARKS
PREPARED REMARKS 7 Our ability to capture these opportunities comes from competitive advantages that have been built and compounded over decades, and are very hard to replicate: • Global scale and integration • Leading project execution and technology, and • Incredible ingenuity and commitment of our people. When coupled with our strong balance sheet and capital allocation discipline, we are able to convert our unmatched opportunity set, into durable, compounding value creation for shareholders – not just today, but long into the future.
Slide 8 — PREPARED REMARKS
PREPARED REMARKS 8 By 2030, on a constant price and margin basis, we expect: • ~$25 billion in additional earnings growth • ~$35 billion in additional cash flow growth • Continued volume and mix improvements from advantaged assets like Guyana, the Permian, and LNG, and • Further structural cost reductions – more than $15 billion already achieved versus 2019, and well on our way to delivering $20 billion in cumulative savings by 2030. And importantly, these growth plans are already underway, with visible progress over the next several years, not just by 2030. In other words, the drivers of value are structural, diversified, and compounding.
Slide 9 — PREPARED REMARKS
PREPARED REMARKS 9 Our capital allocation priorities are clear and unwavering: 1. Invest in advantaged, high-return growth opportunities 2. Maintain a strong balance sheet 3. Return excess cash to shareholders through a competitive dividend and buybacks These priorities are the mechanism that convert operating strengths into shareholder value – consistently and through market cycles.
Slide 10 — PREPARED REMARKS
PREPARED REMARKS 10 Over the past five years, we’ve distributed roughly $150 billion to shareholders and in 2025, our distributions of $37 billion were among the highest across the S&P 500. Over the next five years, we expect to generate $145 billion in surplus cash at constant prices and margins, which is the amount of cash generated above our current base dividend and cash capex. This is a powerful engine for shareholder distributions and long-term value creation.
Slide 11 — PREPARED REMARKS
PREPARED REMARKS 11 Here’s a look at the building blocks of the value generating power of a share of ExxonMobil stock. Our current annual cash dividend yield, the accretion to shareholders represented by our current share repurchase program, and the run-rate of our annual earnings growth through the end of the decade….when you put it all together, this adds up to 20% annual return potential. That’s attractive for any industry.
Slide 12 — PREPARED REMARKS
PREPARED REMARKS 12 We have been the leading investment in the energy space… Compared to our traditional competition, we believe our record of outperformance has firmly put us in a league of our own.
Slide 13 — PREPARED REMARKS
PREPARED REMARKS 13 However, we are not just a great energy company, we are a great company period. Our strong results have placed us among elite companies. When compared to diversified, large-cap industrials, the potential investor upside opportunity is clear.
Slide 14 — PREPARED REMARKS
PREPARED REMARKS 14 In addition to the upside opportunity, ExxonMobil also adds resilience to equity portfolios in several ways. First, while energy markets can be cyclical, ExxonMobil’s scale, integration, and diversification provide greater ability to weather market swings or headwinds than many investors might think. Historical beta, option-implied volatility, and our actual long-term quarterly cash flows all tell the same story: integrated and diverse operations provide more stability through market cycles, with lower relative volatility.
Slide 15 — PREPARED REMARKS
PREPARED REMARKS 15 Secondly, ExxonMobil has demonstrated resilience as an inflation hedge. Across extended periods of rising prices, our returns have continued to outperform. That resilience is not incidental – it is a direct result of the way our business model converts advantages into earnings, and earnings into cash. It is this formula that yields attractive multi-year total shareholder returns.
Slide 16 — PREPARED REMARKS
PREPARED REMARKS 16 And finally, ExxonMobil provides broader diversification benefits to strengthen equity portfolios through its global exposure, integrated business model, and low correlation to more heavily weighted sectors, such as Technology.
Slide 17 — PREPARED REMARKS
PREPARED REMARKS 17 The bottom line is… energy demand is growing, emissions reduction is accelerating, and ExxonMobil is uniquely positioned to lead in both. We offer cash income today, accretion through buybacks, and visible, resilient growth from both existing and new businesses. We’re built to win — now and long into the future…. And we can play an important role in any resilient equity portfolio. Thank you for your interest. Please visit us at our Investor Relations site for more details.