The Outlook for Energy: A View to 2040

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1 The Outlook for Energy: A View to 24 Kyle Countryman March 6, 212 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 used or reproduced without the permission of Exxon Mobil Corporation. All rights reserved.

2 Energy Outlook Model 1 countries 15 demand sectors 2 fuel types technology & policy

3 Global Progress Drives Demand Population Billion 21 Average Growth / Yr % GDP Trillion 25$ 12 1 Average Growth / Yr % Energy Demand Quadrillion BTUs 14 Average Growth / Yr % Energy Saved ~ Non OECD 2 2 OECD

4 Energy Mix Continues to Evolve Quadrillion BTUs % %.9% Average Growth / Yr % %.3% 6.% 1.6% Oil Gas Coal Nuclear Biomass/Other Wind / Solar / Biofuels Hydro / Geo ExxonMobil 212 Outlook for Energy

5 U.S. Energy Demand and Supply By Sector Quadrillion BTUs By Fuel Quadrillion BTUs 1 1 Other Renewables Res/Comm 8 Industrial 8 Biomass Nuclear 6 6 Coal 4 Electricity Generation 4 Gas 2 2 Transportation Oil ExxonMobil 212 Outlook for Energy

6 Electricity Generation +8% By 24, worldwide electricity demand will be 8% higher. ExxonMobil 212 Outlook for Energy

7 Electricity Demand Continues to Surge By Sector k TWh Fuel Into Electricity Generation Quadrillion BTUs 35 3 Transportation Renewables 3 25 Wind 25 2 Nuclear 2 15 Residential/Commercial 15 Coal Industrial 5 Gas Oil ExxonMobil 212 Outlook for Energy

8 U.S. Electricity Demand Electricity k TWh 6 5 Transportation Electricity Generation by Fuel Quadrillion BTUs 45 Other Renewables Wind & Solar Biomass 4 Commercial 3 Nuclear 3 Residential Coal 2 15 Other Industry 1 Heavy Industry Gas Oil ExxonMobil 212 Outlook for Energy

9 Economic Choices for U.S. Electricity Baseload, Startup cents/kwh 2 $/ton CO Coal Gas Nuclear Wind * Coal- Carbon Capture Gas- Carbon Capture Enhanced Geo- Thermal Solar PV* Solar Thermal* *Wind and solar exclude costs for backup capacity and additional transmission ExxonMobil 212 Outlook for Energy

10 Economic Choices for U.S. Electricity Baseload, Startup cents/kwh 2 $6/ton CO Coal Gas Nuclear Wind * Coal- Carbon Capture Gas- Carbon Capture Enhanced Geo- Thermal Solar PV* Solar Thermal* *Wind and solar exclude costs for backup capacity and additional transmission ExxonMobil 212 Outlook for Energy

11 Transportation 9% By 24, 9% of transportation will run on liquid petroleum-based fuels. ExxonMobil 212 Outlook for Energy

12 Impact of Global Fleet Shift on Efficiency Light Duty Vehicle Fleet by Type Million Vehicles Avg New Car Fuel Efficiency in 24 On-Road MPG Natural gas/lpg PHV/EV Target 215 Target Conv. Diesel Hybrid Conv. Gasoline US Europe China Japan India ExxonMobil 212 Outlook for Energy

13 U.S. Transportation Demand & Fleet Shift Transportation MBDOE 15 Light Duty Vehicle Fleet Million Cars 3 CNG/LPG PHV/EV Rail Marine 25 Hybrid 1 Aviation 2 Heavy Duty 15 Conv. Diesel 5 1 Light Duty 5 Conv. Gasoline ExxonMobil 212 Outlook for Energy

14 Supply By 24 6% of global demand will be supplied by oil & gas. ExxonMobil 212 Outlook for Energy

15 Liquids Supply Continues to Diversify Liquids Supply MBDOE 12 Resource * TBO 5 Biofuels 1 8 NGLs Deepwater Tight Oil Oil Sands 4 3 Remaining Resource Conventional Crude and Condensate 2 1 Cumulative Production * Source: Total resource from IHS Inc. The use of this content was authorized in advance by IHS. ExxonMobil 212 Outlook for Energy

16 U.S. Gross Liquid Imports Canada ~2.5 MBDOE Asia Pacific ~.2 MBDOE Russia/Caspian ~.7 MBDOE Middle East ~1.7 MBDOE Total Gross Imports ~12 MBDOE Europe ~.7 MBDOE OPEC ~5 MBDOE Latin America ~2.3 MBDOE Mexico ~1.3 MBDOE Africa ~2.3 MBDOE Non-OPEC ~7 MBDOE Source: U.S. Energy Information Administration ExxonMobil 212 Outlook for Energy

17 Global Gas Resource TCF 3 North America Europe OECD 2.3 Russia/Caspian* Middle East 2 15 Unconventional 2.6 Africa Asia Pacific 1 5 Conventional Latin America World World: ~25 years coverage at current demand Large unconventional gains anticipated Source: IEA; * Includes Europe Non OECD

18 Gas Supply Grows and Diversifies United States BCFD Europe BCFD Asia Pacific BCFD LNG Pipeline Unconventional Local Production Conventional ExxonMobil 212 Outlook for Energy

19 Transition to Modern Energy / Technology US Energy Demand Percent 1% 75% 5% 25% % Wood Renewables Hydro Nuclear Coal Gas Oil Source: Energy Information Agency & ExxonMobil ExxonMobil 212 Outlook for Energy

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