1. The Outlook for Energy: A View to 2040 Dr. David Khemakhem Global Energy Security Forum Miami, February 12, 2013 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: www.exxonmobil.com. 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 Development 100 countries 15 demand sectors 20 fuel types technology & policy ExxonMobil 2013 Outlook for Energy

3. 2030 ~ 60 $/ton CO 2 “Proxy” Cost 2040 ~ 20 $/ton ~ 15 $/ton ~ 80 $/ton < 10 $/ton CO 2 “Proxy” Cost CO 2 Policies ExxonMobil 2013 Outlook for Energy

4. Global fundamentals

5. Population Billion Population Trends Impacts Energy Use Fertility Rate* Children per Woman * Source: World Bank & United Nations OECD Other Non OECD China India Africa Global Demographics* Billion Age 0-14 Age 65+ Age 15-64 ExxonMobil 2013 Outlook for Energy

6. Energy Demand Economic Growth Drives Energy Demand GDP Trillion 2005$ China United States 2010-2040 AAGR % 5.6% 2.3% 1.8% Other OECD Other Non OECD 3.9% World 2.8% ExxonMobil 2013 Outlook for Energy Quadrillion BTUs 2010-2040 AAGR % World 1.0% Energy Demand Quadrillion BTUs Energy Saved ~500 2010-2040 AAGR % World 1.0%

7. Tale of Two Worlds Non OECD Quadrillion BTUs Biomass Other Renewables Oil Nuclear Quadrillion BTUs OECD Coal Gas ExxonMobil 2013 Outlook for Energy

8. Energy Mix Continues to Evolve Quadrillion BTUs Average Growth / Yr. 2010 - 2040 1.0% 2040 2010 0.8% 1.7% -0.1% 2.4% 0.4% 5.8% 1.8% ExxonMobil 2013 Outlook for Energy

9. Energy Demand by Sector Quadrillion BTUs Electricity Demand Energy Demand by Sector Quadrillion BTUs 2010 2025 2040 Electricity Generation Leads Growth ExxonMobil 2013 Outlook for Energy

10. Residential/commercial

11. Million Households Household Growth Drives Residential Demand 2010 2040 ExxonMobil 2013 Outlook for Energy

12. Residential/Commercial Outlook Residential Energy Intensity Million BTUs per Person Japan North America Europe OECD China India By Sector Quadrillion BTUs Commercial Residential Fuel Demand Quadrillion BTUs Electricity Coal Oil Gas Biomass Other ExxonMobil 2013 Outlook for Energy

13. Industrial

14. Industry Energy Demand Increases Chemicals Manufacturing & Industry Energy Industry Other Plastics Fertilizer Paint Steel Automobiles Textiles Liquid Fuels Coal Natural Gas Agriculture Lubricants Asphalt Quadrillion BTUs ExxonMobil 2013 Outlook for Energy

15. Industrial Energy Demand By Fuel Quadrillion BTUs Electricity Oil Gas Renewables Coal By Region Quadrillion BTUs OECD China India Rest of Non OECD Market Heat ExxonMobil 2013 Outlook for Energy

16. Electricity generation

17. Electricity Demand by Region Non OECD Thousand TWh Middle East Southeast Asia Russia/Caspian Other Non OECD China Africa India Thousand TWh North America Europe OECD Other OECD OECD ExxonMobil 2013 Outlook for Energy

18. Electricity Generation Quadrillion BTUs Oil Nuclear Gas Renewables Coal Electricity Generation Quadrillion BTUs OECD Non OECD Fueling Electricity Generation Varies by Region ExxonMobil 2013 Outlook for Energy Growth in Fuels from 2010 to 2040 Quadrillion BTUs Oil Nuclear Gas Renewables Coal

19. GW Global CapacityGlobal Capacity Utilized GW Global Electricity Generation Mix Evolves k TWh By Generation Wind & Solar Oil Coal Nuclear Other Renewables Gas ExxonMobil 2013 Outlook for Energy

20. Transportation

21. Sector Demand MBDOE Light Duty Marine Rail Heavy Duty Aviation Transportation Demand ExxonMobil 2013 Outlook for Energy Demand by Region MBDOE ‘40 ‘25 ‘10

22. 2040 Millions of Vehicles Powertrain Technology 2025 Millions of Vehicles Powertrain Technology 2010 Millions of Vehicles Powertrain Technology Light Duty Vehicle Fleet Grows, Mix Changes *Full Hybrid, Plug-in Hybrid, Electric Vehicles ExxonMobil 2013 Outlook for Energy

23. Light Duty Vehicle Sales & Efficiency Incremental Vehicle Efficiency Gains Miles per Gallon Powertrain Body & Accessories Vehicle Size Hybrid Average 27 MPG 47 MPG Annual New Car Sales by Type Million Cars ExxonMobil 2013 Outlook for Energy

24. Today’s Vehicle Technology Choices Gasoline: 350 miles Diesel: 435 miles E85: 260 miles Full hybrid: 515 miles CNG: 210 miles PHV: Up to 40 miles + 450 miles Electric: Up to 100 miles 2012$k 5-Year Cost & Savings Cost above Conventional Fuel Savings Estimated Driving Distance per Fill-up ExxonMobil 2013 Outlook for Energy

25. Heavy Duty Transportation Efficiency Efficiency Impact MBDOE New Truck Efficiency % Improvement, 2010-2040 Technology Powertrain Body Powertrain Body Hybrid Regional Impact Logistics & Congestion Truck Size ExxonMobil 2013 Outlook for Energy

26. Growth in Demand from 2010 to 2040 MBDOE Transportation Fuel Mix Fuel Demand MBDOE Diesel Gasoline Ethanol Biodiesel Jet Fuel Fuel Oil Other Natural Gas ExxonMobil 2013 Outlook for Energy

27. Supply

28. Remaining Oil Resource Crude and Condensate (BBO) North America Europe ~100 Asia Pacific ~150 Latin America Africa Russia/Caspian ~1,000 Middle East ~650 ~200 ~1,100 Global ~4,300 Source: IEA ExxonMobil 2013 Outlook for Energy

29. Liquids Supply MBDOE Supply by Type Other Liquids Biofuels Conventional Crude & Condensate Tight Oil Oil Sands NGLs Deepwater Resource* TBO Remaining Resource Cumulative Production * Source: IEAExxonMobil 2013 Outlook for Energy

30. Global Gas Resource Over 200 years coverage at current demand 1000 TCF Conventional Unconventional 4.3 North America 2.5 Latin America 1.6 Europe OECD 2.6 Africa 4.9 Middle East 6.2 Russia/ Caspian* 4.5 Asia Pacific Source: IEA; *Includes Europe Non OECD ExxonMobil 2013 Outlook for Energy

31. Natural Gas Supply and Demand Shifts North America Gas Supply Local Unconventional LNG Local Conventional BCFD North America Conventional North America Unconventional Global Gas Supply Rest of World Conventional Rest of World Unconventional BCFD ExxonMobil 2013 Outlook for Energy

32. Growth in Unconventional Production Production by Region BCFD Production by Type BCFD Tight Coal Bed Methane Shale Rest of World Asia Pacific Americas ExxonMobil 2013 Outlook for Energy

33. North America Energy Balance Oil Regional Supply Gas Quadrillion BTUs Net Imports Net Exports Regional Supply Net Exports ExxonMobil 2013 Outlook for Energy Regional Supply Total Energy Balance Net Exports Net Imports

34. Asia Pacific Energy Balance Oil In-country supply Gas Quadrillion BTUs Net Imports In-country supply Total Energy Balance Net Imports ExxonMobil 2013 Outlook for Energy In-country supply Net Imports

35. Conclusions ExxonMobil 2013 Outlook for Energy

37. Shale Gas and Hydraulic Fracturing Thousands of feet of solid rock Conductor Casing Intermediate Casing Surface Casing Production Casing* *14,000 feet measured depth

38. Regional Energy Trends Evolve Latin America Middle East Africa Other AP China Russia/Caspian Europe North America Percent of World Total By Region ExxonMobil 2013 Outlook for Energy

39. Baseload, Startup 2030 2012 cents/kWh *Wind and solar exclude costs for integration, backup capacity and additional transmission $60/ton of CO 2 $0/ton Economic Choices for U.S. Electricity Reliability Cost ExxonMobil 2013 Outlook for Energy

40. Renewables Gain Share United States Percent of TWh Europe Percent of TWh Asia Pacific Percent of TWh *Biomass includes Municipal Solid Waste ExxonMobil 2013 Outlook for Energy

41. ExxonMobil: Technology for Energy Challenges Technology to address the twin challenges of increased energy demand while mitigating risk from GHG emissions Improving Efficiency Automotive technologies –Vehicle light weighting –Exxcore TM : tire lining technology –Advanced synthetic lubricants Power generation –Cogeneration –Wind turbine lube oils Expanding Supplies Directional drilling Unconventional and liquefied natural gas Advanced biofuels Reducing Emissions Natural gas for power generation Controlled Freeze Zone™ Carbon capture and storage Global Climate & Energy Project

42. Costs Impact U.S. Heavy Duty Choices $k 3-Year Cost of Ownership 2012 Fuel Cost Vehicle Cost $k 5-Year Cost of Ownership 2012 Fuel Cost Vehicle Cost CNG Tanks Short Haul Truck LNG Tanks Long Haul Truck ExxonMobil 2013 Outlook for Energy

43. Bio for David Khemakhem (k’mak’m) David Khemakhem is an Energy and Technology Advisor at ExxonMobil. He is a member of the Corporate Strategic Planning Department, where he is responsible for assessing energy trends, emerging energy technologies, and related market and public policy issues around the world. He is one of the principal contributors to ExxonMobil’s long-term global Energy Outlook. He is also active in communicating ExxonMobil’s view of the future of energy to a wide variety of audiences. David has worked with Exxon then ExxonMobil since 1997 in numerous technical and management assignments covering activities in the United States and around the world. He started his career with Exxon Production Research Company in the area of Wellbore Design and eventually became Team Lead for the Well Integrity Group at ExxonMobil Upstream Research. In 2001, he transferred to ExxonMobil Production Company as a Subsurface Engineer overseeing completion and workover operations in Colorado, Wyoming, California and South Texas. In 2003, David relocated to Qatar, where he spent six years in a variety of assignments, including Drilling and Completions Engineering Manager. In this role he led a team of engineers working on RasGas’s 14 drilling rigs during the development of the North Field. In 2009, David transferred back to Houston, joining the ExxonMobil Upstream Research Company as Well Performance Manager and then in 2010, he became the Unconventional Gas Recovery Manager. The following year, in 2011, David moved to ExxonMobil Headquarters to join the Corporate Strategic Planning team where he is helping in the development of the Energy Outlook for 2013 and beyond. David holds a Ph.D. in Mechanical Engineering from the University of Minnesota. Text in Box: Short Bio

44. Conductor Casing Intermediate Casing Surface Casing Production Casing* 14,000 feet measured depth