Delaware Basin Perspective EnergyPlex Conference Hobbs, New Mexico 26 June 2018 Delaware Basin Perspective EnergyPlex Conference Hobbs, New Mexico

XTO Overview Subsidiary of Exxon Mobil Corporation Founded in 1986 in Fort Worth, Texas ~ 4,300 employees Leading oil and gas producer in the US Manages 11 million net acres Total resource base of about 33 billion oil- equivalent barrels Methane emissions are 6 percent of ExxonMobil direct greenhouse gas emissions. Here’s a quick look at XTO Energy As a subsidiary of ExxonMobil Corporation, we are able to leverage great technical know-how in doing what XTO has always done best, which is execute in unconventional reservoir development. (go through the points on the slide) 7 Operating divisions, 100 field offices 30,000+ operated wells

World-Class Acreage Position Operated contiguous acreage Expanding contiguous position through acquisitions and trades Enables industry-leading, long-lateral advantage Midland Basin NM TX Central Basin Platform Delaware Basin Current acreage position ExxonMobil/XTO acreage Hydrocarbon density map for Permian tight oil

In the news... A Few Statistics ExxonMobil Continues to Increase Acreage Position in Permian Basin – 27 September 2017 ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production – 18 October 2017 ExxonMobil Announces $50B in New Investments in the US Over 5-years. ExxonMobil to Triple Production by 2025, Expand Transportation Infrastructure – 30 January 2018 Corporate focus on Permian Basin and we are proud to operate in New Mexico We are here today because of the BOPCO acquisition Today’s success story is being made possible because of the “shale gale” and efficiencies gained by a process more akin to manufacturing than traditional oil and gas development

Capturing the Value of Permian Integration Significant opportunities from wellhead to customer Growing U.S. unconventional production Investing in advantaged logistics and manufacturing Advantaged feedstock, high- value sales Optionality to maximize value “We’re excited about the potential of the liquids-rich Permian. It’s a low-cost resource, and we’ve built an outstanding position in the basin. Thanks to our strategically located midstream assets and the proximity of our refineries along the U.S. Gulf Coast, we’re poised for growth and set up to maximize our return on investment for years to come.” Sara Ortwein, President, XTO Energy

Opportunities and Challenges Water conservation with recycle focus Emission reductions through new technology/designs Workforce, education, health care, roads Economic growth Regulatory certainty Joint effort needed across industry, local, state and federal government Social Environment Economic Water re-cycle pond being constructed