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under the heading "Factors Affecting Future Results" in the Investors section of our website at: www.exxonmobil.com. The information provided includes

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2050 Energy Roadmap and

the Internal Gas Market –

LNG and Unconventional

Gas for Europe

Linda DuCharme

Director - Europe, Russia and Caspian

ExxonMobil Gas & Power Marketing

2

Benefits of Natural Gas

Supply Security and

Diversity

Diverse supply available by

pipeline, LNG, and

indigenous unconventional

gas production

Competitiveness

Maximize existing infrastructure; potential

economics of unconventional gas

production

Lower Emissions

Brings immediate reduction in CO2

emissions through replacing coal in

power generation

“Gas will be critical for the transformation of the energy system” - 2050 EU Energy Road Map

3

Europe Gas – Supply Demand Balance

Contract upflex

Other Algeria (Pipe)

Norway (Pipe)

Russia (Pipe)

Indigenous Production

LNG

Demand

Source: WoodMackenize Research (1H 2012 – Gas & Power Tool)

BC

M

4

Europe LNG Supply Potential

Atlantic Supply

ME Supply

Pacific Supply

Net LNG Available to Europe

170 BCM 120 BCM

50 BCM

• Significant volumes of LNG available to Europe 2015 – 2030

• 50 BCM 2015 (~10% Demand) to 170 BCM in 2030 (~ 25% Demand)

Source: WoodMackenize Research (1H 2012 – Gas & Power Tool)

BC

M

5

LNG Supply

Source: IHS CERA

Disclaimer: No portion of this slide may be reproduced, reused, or otherwise distributed in any form without prior written CERA consent

6

Source: Wood Mackenzie, IEA

European Unconventional Resources

Tight

Shale

CBM

0

2

4

6

8

10

12

14

16

Europe

TCM

Po

ten

tial

Reco

vera

ble

Un

co

nven

tio

na

l R

eso

urc

e

CBM

Tight

Shale

7

Myths & Realities: Carbon Emissions

Life-cycle CO2 emissions from Natural Gas: ~ 50%+ less than coal.

Source: Chart:Carnegie Mellon University (Jiang, et al), Life cycle greenhouse gas emissions of Marcellus shale gas, Environmental Research Letters (August 5, 2011)

(2) IHS CERA 2011 pg. II-2&II-3

Emission Reduction Benefits of Gas

Coal (existing plants)

Coal (new plants)

Unconventional Gas

Conventional Gas

100% 50%

8

Germany Gas to Power Demand

WoodMac (June ‘12)

WoodMac (June ‘11)

WoodMac (Nov ‘11)

2000

2005

2010

20

15

20

20

2025

2030

2.8

2.4

2.0

1.6

1.2

GC

FD

9

0

200

400

600

800

1000

1200

1400

1600

1800

0

2

4

6

8

10

12

14

16

18

20

Jan-07

Mar-07

May-07

Jul-07

Sep-07

Nov-07

Jan-08

Mar-08

May-08

Jul-08

Sep-08

Nov-08

Jan-09

Mar-09

May-09

Jul-09

Sep-09

Nov-09

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

• Reduction in U.S. Natural Gas Price

Economic Impacts of Shale Gas

9

(1) IHS Global Insight (Dec. 2011), The Economic and Employment Contributions of Shale Gas in the US

(2) The Impact of Shale Gas on the U.S. Economy: CERA; March 2012

• Shale development supported 600,000 U.S. jobs in 2010; 900,000 jobs by 20151

• Likely to result in $1.9 trillion in capital investment into the economy from 2010 to 20352

• Expected to generate nearly $1 trillion in local, state and federal tax revenues over the next 25 years

• Reduced energy prices for residents and small businesses…$930 more per household per year2

• Renaissance in U.S. manufacturing industry: new plants for steel, chemicals etc.

US Henry Hub Gas Price

US Rig Count

$/M

BT

U

Rig

co

un

t

• Produced domestically, 80% of the value created from natural gas extraction would remain in

the country in order to support local communities and state budgets

10

Shale Gas: Demonstrate Responsibility

Aquifers

Demonstrate

Responsibility

Water

Ground

Local Area

11

Shale Gas: Aquifer Protection

Shale

Multiple layers of steel

casing and cement

Source: Total

• No different from a conventional oil or

gas well, or geothermal well

Source: OGP

Steel casings

5cm cement

• Aquifers protected by several layers of

steel and impermeable cement

12

Water Usage: Water Usage

• Typical shale gas well requires

10,000 to 20,000 cubic meters

of water

Shale gas a relatively efficient use of water for energy production

13

Water Usage: Water Usage

• Typical shale gas well requires

10,000 to 20,000 cubic meters

of water

Shale gas a relatively efficient use of water for energy production

• Coal mining requires 2 to 4

times more water per unit of

energy

14

Water Usage: Water Usage

• Typical shale gas well requires

10,000 to 20,000 cubic meters

of water

Shale gas a relatively efficient use of water for energy production

• Coal mining requires 2 to 4

times more water per unit of

energy

• Certain agriculture products,

such as corn, require

80 to 12,000 times more water

per unit of energy

15

Surface Impact

Source: ENVI Committee Report “Impacts of Shale Gas and Shale Oil

Extraction on the Environment and on Human Health”, June 2011

Old Gas Development from Western US

Modern Marcellus Shale Gas Development

Source: OGP

• Modern horizontal drilling technology enables a

single surface pad location to develop 5 to 10 km2

16

Working with Local Communities

• We recognise the potential effects of our activities on the local communities where we operate, primarily:

• Traffic

• Noise

• Visual intrusion

• EM has held numerous community meetings in Germany and Poland to address community concerns and answer questions

• Community acceptability is a key priority

Such involvement of the local community is vital throughout the project

“Info Market”

Source: ExxonMobil

17

Natural Gas Key to 2050 Energy Roadmap

Energy security... LNG and potentially shale gas can

improve Europe’s security of supply by

adding important diversity to traditional

supply sources

Lower GHG emissions and

better air quality now… Gas emits up to 60% less GHG than

coal and ~zero NOx, SOx and

particulates

Maximize existing infrastructure Widespread LNG infrastructure in

Europe; European gas-fired power

plants only run about 35% of the time

today