RAPIDLY PROGRESSING GUYANA DEVELOPMENTS
SUPPLEMENTAL INFORMATION
Slide 18 - Leveraging our strengths
1. Potential market size figures: ExxonMobil analysis of Integrated Assessment
Modeling Consortium (IAMC) 1.5 scenario explorer and data on Lower 2°C
scenarios for CO2, wind, solar, H2, nuclear, biofuels, and fuels. Volumes and
prices in 2050 in the Lower 2°C scenarios were used, where available, to
calculate an estimate of the market revenue. For CCS, estimate assumes
capture from fossil sources only (~80%). For H₂, the highest and lowest
outliers for market revenue in the Lower 2°C scenarios were excluded. For
Chemicals, ExxonMobil analysis of current market data from Statista 2020
Report on Chemical Industry Worldwide, and the IEA Sustainable
Development Scenario data for petrochemical feedstock growth to 2050.
2. McKinsey & Company report, "The big choices for oil and gas in navigating the
energy transition;" March 10, 2021.
Slide 19 - Competitive advantages drive LCS focus areas
1. Global CCS capacity: Global CCS Institute, Global Status of CCS 2021, P. 14.
ExxonMobil CCS capacity: ExxonMobil estimates.
Slide 20 - Low Carbon Solutions strategic priorities
1. Ambition for net-zero greenhouse gas emissions for operated assets by 2050
was announced in January, 2022. The ambition covers Scope 1 and Scope 2
emissions.
Slide 22 - Growing investments to lower emissions
1. >$15 billion lower-emission investment portfolio delivers >10% return on a
capital-weighted basis under current policy.
2. Calculation based on projected 2021 plan volumes for 2030 and specific
estimated fuel carbon intensity by project from Argonne National Labs'
GREET model analysis as compared against its conventional fuel alternate.
3. Emission reduction plans announced in December 2021 include a 20 to 30
percent reduction in corporate greenhouse gas intensity by 2030 compared to
2016 levels. This will be supported by a 40 to 50 percent reduction in
upstream greenhouse gas intensity, a 70 to 80 percent reduction in methane
intensity, and a 60 to 70 percent reduction in flaring intensity compared to
2016. The 2030 emission reduction plans are expected to reduce absolute
greenhouse gas emissions of the Corporation by approximately 20 percent.
Plans cover Scope 1 and Scope 2 emissions for asset operated by the
company, consistent with approved corporate plans.
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