ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time
on July 31, 2026. To listen to the event or access an archived replay, please visit www.exxonmobil.com.
Cautionary Statement
Statements related to future events; projections; descriptions of strategic, operating, and financial plans and objectives;
statements of future ambitions, future earnings power, potential addressable markets, or plans; and other statements of future
events or conditions in this release are forward-looking statements. Similarly, discussion of future carbon capture, transportation
and storage, as well as lower-emission fuels, hydrogen and ammonia, lithium, direct air capture, ProxximaTM resin systems,
carbon materials, low-carbon data centers, and other low carbon and new business plans to reduce emissions of ExxonMobil,
its affiliates, and third parties, are dependent on future market factors, such as continued technological progress, stable policy
support and timely rule-making and permitting, and represent forward-looking statements. Actual future results, including
financial and operating performance; potential earnings, cash flow, or rate of return; total cash capital expenditures and mix,
including allocations of capital to low carbon and other new investments; realization and maintenance of structural cost
reductions and efficiency gains, including the ability to offset inflationary pressure; plans to reduce future emissions and
emissions intensity; ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, to reach Scope 1 and 2
net zero in integrated Upstream Permian Basin unconventional operated assets by 2035, to eliminate routine flaring in-line with
World Bank Zero Routine Flaring, to reach near-zero methane emissions from operated assets and other methane initiatives,
and to meet ExxonMobil’s emission reduction goals and plans, divestment and start-up plans, and associated project plans as
well as technology advances, including the timing and outcome of projects to capture, transport, and store CO2, produce
hydrogen and ammonia, produce lower-emission fuels, produce lithium, produce ProxximaTM resin systems, produce carbon
materials, and use plastic waste as feedstock for advanced recycling; cash flow, dividends and shareholder returns, including
the timing and amounts of share repurchases; future debt levels and credit ratings; business and project plans, timing, costs,
capacities and returns; resource recoveries and production rates; maintenance and turnaround activity; drilling and improvement
programs; product sales levels and mix; and planned Pioneer and Denbury integrated benefits, could differ materially due to a
number of factors. These include global or regional changes or imbalances in the supply and demand for oil, natural gas,
petrochemicals, and feedstocks and other market factors, economic conditions and seasonal fluctuations that impact prices,
differentials, margins, and volume/mix for our products; changes in any part of the world in laws, taxes, or regulations including
extraterritorial environmental and tax regulations, trade sanctions, and timely granting of governmental permits, licenses, and
certifications; developments or changes in government policies supporting lower carbon and new market investment
opportunities or policies limiting the attractiveness of future investment such as the additional European taxes on the energy
sector and unequal support for different methods of emissions reduction; variable impacts of trading activities and derivative
positions, including timing effects, on our margins and results each quarter; changes in interest and exchange rates; actions of
co-venturers or partners, competitors and commercial counterparties, including suppliers and customers; the outcome of
commercial negotiations, including final agreed terms and conditions; the ability to access debt markets; the ultimate impacts of
public health crises, including the effects of government responses on people and economies; reservoir performance and
optimization, including variability and timing factors applicable to unconventional resources, the success of new unconventional
and AI-enhanced technologies, and the ability of new technologies to improve drilling performance and recovery relative to
competitors; the level, outcome, and timing of exploration projects and decisions to invest in future reserves and resources;
timely completion of development and other construction projects and commencement of start-up operations, including reliance
on third-party suppliers and service providers; final management approval of future projects and any changes in the scope,
terms, or costs of such projects as approved; government regulation of our growth opportunities; government actions in pursuit
of national energy and security policies or priorities affecting our business; war, civil unrest, armed hostilities, attacks against the
company or industry and other political or security disturbances, including disruption of land or sea transportation routes or
distribution or shipping channels; expropriations, seizures, or capacity, insurance, export, import or shipping limitations imposed
directly or indirectly by governments or laws; changes in market, national or regional tariffs or disruption, realignment or
breaking of current or historical trade or military alliances or global trade and supply chain networks; escalating geopolitical
volatility, including regime changes; opportunities for potential acquisitions, investments or divestments and satisfaction of
applicable conditions to closing, including timely regulatory approvals; the capture of efficiencies within and between business
lines and the ability to maintain near-term cost reductions as ongoing efficiencies without impairing our competitive positioning;
unforeseen technical or operating disruptions or difficulties and unplanned maintenance; the development and competitiveness
of alternative energy and emission reduction technologies; the results of research programs and the ability to bring new
technologies to commercial scale on a cost-competitive basis; and other factors discussed under Item 1A. Risk Factors of
ExxonMobil’s 2025 Form 10-K.
Actions needed to advance ExxonMobil’s 2030 greenhouse gas emission-reductions plans are incorporated into its medium-
term business plans, which are updated annually. The reference case for planning beyond 2030 is based on ExxonMobil’s
Global Outlook (Outlook) research and publication. The Outlook is reflective of the existing global policy environment and an
assumption of increasing policy stringency and technology improvement to 2050. Current trends for policy stringency and
deployment of lower-emission solutions are not yet on a pathway to achieve net-zero by 2050. As such, the Outlook does not
project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to meet
net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and
ExxonMobil's business plans will be updated accordingly. References to projects or opportunities may not reflect investment
decisions made by ExxonMobil or its affiliates. Individual projects or opportunities may advance based on a number of factors,
including availability of stable and supportive policy, permitting, technological advancement for cost-effective abatement,
