Exxon Mobil (XOM) investor relations material

Strategic Transformation and Performance

• Transformation to an integrated company has driven industry-leading results, with over $14 billion in structural cost savings since 2019 and a target of $20 billion by 2030, supported by centralized operations and a new ERP system.

• Execution excellence is reflected in safety, project delivery, and asset utilization, with a new global operations organization and a high-performance culture.

• Upstream production is set to reach 5.5 million oil-equivalent barrels per day by 2030, with 65% from advantaged, lower-cost, lower-emissions assets.

• Permian Basin production is expected to double by 2030 versus 2024, reaching 2.5 million oil-equivalent barrels per day, with Pioneer synergies now estimated at $4 billion annually.

• Product Solutions and Chemical segments are targeting over $9 billion in earnings growth by 2030, with more than 40% of earnings from high-value products.

Financial Guidance and Capital Allocation

• 2030 guidance raised to $25 billion in additional earnings and $35 billion in additional cash flow versus 2024, with return on capital employed above 17% and no increase in capital spending.

• Cumulative surplus cash flow projected at $145 billion through 2030, assuming $65 real Brent.

• Share repurchase program guidance remains at $20 billion annually through 2026, with strong balance sheet flexibility and AA- credit rating.

• Dividend per share has increased for 43 consecutive years, maintaining a leading position among S&P 500 companies.

• Cash CapEx is planned at $27–$29 billion for 2026 and $28–$32 billion annually from 2027–2030, with a declining reinvestment rate.

Technology, Innovation, and Operational Advancements

• Over 40 stackable technologies are being deployed in the Permian, targeting a 50% improvement in recovery by decade's end and potential to double recovery in the early 2030s.

• Proprietary technologies and efficiency gains are driving improved resource recovery and profitability, with a broad intellectual property portfolio.

• Product Solutions segment is leveraging technology to upgrade low-value streams into high-value products, with Proxima and carbon materials as key growth drivers.

• Proxima is scaling up, with capacity expected to reach 200 KTA by 2030, and next-generation battery anode graphite and lithium projects are advancing, with first lithium production targeted for 2028.

• Chemical and Specialty Products segments are targeting 8–10% CAGR in earnings, driven by high-value products and cost reductions.