Transformation delivering higher earnings, stronger cash flow, and greater returns

We hosted our Corporate Plan Update event on December 9, 2025. Explore the press release, presentation, webcast, and modeling toolkit in the links below. 

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Darren W. Woods, Executive Chair, CEO ExxonMobil
Darren Woods - Corporate Plan Update webcast

Cautionary Statement | Press Release | Prepared Remarks | Webcast | Modeling ToolkitPresentation

We recently announced our updated Corporate Plan through 2030. The plan guides our decision-making and resource allocation over the coming years.

Several years ago, when we began our work to transform the company, we did so with one objective: to fully unlock our competitive advantages. Today, the company is fundamentally different – stronger, more resilient, and increasingly advantaged.

We have the strongest portfolio in our history and continue to deliver industry-leading results.

How have we done this?

  • Advantaged growth
  • Structural cost improvement
  • Disciplined capital allocation

Our people are leading this transformational journey to deliver more earnings, stronger cash flow, and higher returns.

Please see the corporate plan presentation for footnotes and supplemental information.

Our plan for delivering profitable growth and shareholder value far into the future

  • Investing in an unmatched portfolio of high-value opportunities 
  • Delivering industry-leading execution and cost management1
  • Accelerating deployment of proprietary technology in a variety of products and markets
  • Creating leading shareholder value2 and sharing success with shareholders

    Driving value and extending our lead

    ~$25 B

    Earnings growth plans ~$25B by 2030 vs. 20243; increased from >$20B

    ~$35 B

    Cash flow growth plans ~$35B by 2030 vs. 20243; increased from ~$30B

    >17 %

    Return on capital employed >17% by 20304

    ~65 %

    Upstream advantaged production ~65% of 2030 total production; increased from >60%5

    ~$4 B

    Product Solutions advantaged projects ~$4B earnings growth contribution by 20303; ~60% de-risked from completed projects

    >60 %

    Corporate flaring intensity reduction >60% 2024 vs. 20166; 6 years ahead of 2030 plan

    1 Industry-leading execution demonstrated by safety history. Our workforce Lost-Time Incident Rate for 2020-2024 was 0.02 per 200,000 work hours , based on full-year performance data. Performance data may include rounding. Incidents include injuries and illnesses. ExxonMobil workforce includes employees, contractors, and recent acquisitions (Denbury data beginning November 2, 2023, and Pioneer data beginning May 3, 2024). Industry benchmark: International Association of Oil & Gas Producers (IOGP) safety performance indicators and American Fuel & Petrochemical Manufacturers (AFPM) Report of Occupational Injuries and Illnesses are the Upstream and Downstream industry benchmarks, respectively. See publicly available industry data for industry peer comparators Chevron, Shell, and TotalEnergies reported on a per million hour work basis and converted to 200,000 work hour basis for comparison. Industry-leading execution further defined by Global Projects. ExxonMobil analysis of projects funded since formation of ExxonMobil Global Projects organization in 2019 using historical benchmarking results from Independent Project Analysis (IPA). Industry-leading cost management defined as cumulative structural cost savings since 2019 when compared to all other IOCs combined, based on publicly available data.

    2 Leading total shareholder returns for the 5-year period from 12/1/2020 versus each IOC, as of 12/1/2025. Sourced from FactSet. 

    3 Earnings growth at constant prices and margins and Cash flow growth at constant prices and margins each exclude identified items and are adjusted to 2024 $65/bbl real Brent (assumes annual inflation of 2.5%) and 10-year average Energy, Chemical, and Specialty Product margins, which refer to the average of annual margins from 2010-2019. For clarity, cash flow from operations also excludes identified items, and working capital/other. See reconciliations on page 39 and page 40.

    4 Return on capital employed is adjusted to 2024 $65/bbl real Brent (assumes annual inflation of 2.5%) and 10-year average Energy, Chemical, and Specialty Product margins, which refer to the average of annual margins from 2010-2019. It also assumes a $5 billion minimum cash balance. See definition on page 48.

    5 Refers to percentage of production from advantaged assets (see definition on page 45).

    6 Intensity is calculated as emissions per metric ton of throughput/production. ExxonMobil reported emissions, reductions, and avoidance performance data are based on a combination of measured and estimated emissions data using reasonable efforts and collection methods. Calculations are based on industry standards and best practices, including guidance from the American Petroleum Institute (API) and Ipieca. There is uncertainty associated with the emissions, reductions, and avoidance performance data due to variation in the processes and operations, the availability of sufficient data, quality of those data, and methodology used for measurement and estimation. Performance data may include rounding. Changes to the performance data may be reported as part of the Company’s annual publications as new or updated data and/or emission methodologies become available. We are working to continuously improve our performance and methods to detect, measure and address greenhouse gas emissions. ExxonMobil works with industry, including API and Ipieca, to improve emission factors and methodologies, including measurements and estimates. ExxonMobil’s plans regarding expected GHG emissions reductions by 2030 can be found in our 2025 Advancing Climate Solutions report.

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