ExxonMobil

Upstream production averaged 4.7 million oil equivalent barrels per day the highest annual company production in over forty years. Unit earnings more than double those in 2019 on a constant price basis. Five-year annualized shareholder return of 29% led the industry supported by $150 billion of distributions to shareholders during that period. Completed $20 billion in share repurchases retiring shares equivalent to one-third of those issued during Pioneer transaction. ROCE averaged 11% over five years two percentage points above closest peer. Industry-leading balance sheet with structurally lower breakevens and short-cycle investment flexibility.

Guyana gross production roughly 875,000 barrels per day in Q4 with Yellowtail coming online ahead of schedule. First four FPSOs now producing 100,000 barrels a day above the investment basis reflecting operational performance and advantage of the asset. Expect roughly 65% of total production from advantaged assets by 2030. Exploration continues in accessible areas with force majeure portion awaiting International Court of Justice ruling.