1

The Outlook for Energy includes Exxon Mobil Corporation’s internal estimates and forecasts of energy demand, supply, and trends through 2040 based upon internal data and analyses as well as publicly available information from external sources including theInternational Energy Agency. Work on the report was conducted throughout 2015. This presentation includes forward looking statements. Actual future conditions and results (including energy demand, energy supply, the relative mix of energy across sources, economic sectors and geographic regions, imports and exports of energy) could differ materially due to changes in economic conditions, 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. This material is not to be used or reproduced without the permission of Exxon Mobil Corporation. All rights reserved.

The Outlook for Energy:A View to 2040

Jim MuschalikFebruary 5, 2016

2

ExxonMobil 2016 Outlook for Energy

trade flows

Energy Outlook Development

100 countries

15 demandsectors

20 fueltypes

technology & policy

3

ExxonMobil 2016 Outlook for Energy

0

40

80

120

160

2000 2020 20400

3

6

9

12

15

18

21

2000 2020 2040

Global Progress Drives DemandPopulationBillion

GDPTrillion 2010$

Energy DemandQuadrillion BTUs

OECD*

Key Growth

ChinaIndia

Rest of World

EnergySavings

0

200

400

600

800

1000

1200

1400

2000 2020 2040

*Mexico and Turkey included in Key Growth countries

4

ExxonMobil 2016 Outlook for Energy

0

50

100

150

200

250

Oil Gas Coal Biomass Nuclear Solar / Wind/ Biofuels

Hydro / Geo

Global Energy Mix2040 By FuelQuadrillion BTUs

Average Growth / Yr. 2014 - 2040

0.9%2014

0.7%

1.6%

2.9%0.3%

4.8% 1.3%

-0.2%

5

ExxonMobil 2016 Outlook for Energy

0%

25%

50%

75%

100%

2014 20400

10

20

30

40

2000 2020 2040

Energy-Related CO2 Emissions by RegionBillion Tonnes

CO2 Emissions PlateauEnergy Mix Shifts to Lower-Carbon Fuels

India

Key Growth

Rest of World

OECD*

China

Global Energy MixPercent

Oil

Coal

Gas

BiomassRenewablesNuclear

*Mexico and Turkey included in Key Growth countries

6

ExxonMobil 2016 Outlook for Energy

0

150

300

450

600

750

2010 2025 20400

25

50

75

100

125

2010 2025 2040

Local Production

Pipeline

LNG

Local Production

Energy Trade

BCFDGasLiquids

MBDOE

Imports/Exports

7

ExxonMobil 2016 Outlook for Energy

Remaining Oil ResourceCrude and Condensate (GBO)

North AmericaEurope

~100

Asia Pacific

~200

Latin America Africa

Russia/Caspian

~900

Middle East

~800

~400

~1,000

~1,100

Global

~4,500

Source: IEA

8

ExxonMobil 2016 Outlook for Energy

Transportation and Chemicals Drive Growth

0

25

50

75

Transportation Industrial Res/Comm ElectricityGeneration

Liquids Demand by SectorMBDOE

Chemical

‘10

‘25‘40

9

ExxonMobil 2016 Outlook for Energy

0

25

50

75

2000 2020 2040

Sector DemandMBDOE

Light Duty

Marine

Rail

Heavy Duty

Aviation

Transportation Demand

Commercial

10

ExxonMobil 2016 Outlook for Energy

Efficiency Moderates Marine Demand

0.00

0.02

0.04

0.06

2000 2020 2040

IntensityBOE / 2010$ k GDP

OECD

Non OECD

0

3

6

9

2000 2010 2020 2030 2040

By RegionMBDOE

North America

Asia Pacific

Europe

Latin AmericaRussia/CaspianMiddle EastAfrica

11

ExxonMobil 2016 Outlook for Energy

Indicative trade flows

Energy Trade

12

ExxonMobil 2016 Outlook for Energy

Liquids Trade

-35

0

35North America

MBDOE

-35

0

35

2010 2025 2040

Net Exports

Net Imports

Latin America

Asia Pacific

Russia/Caspian

-35

0

35

-35

0

35

-35

0

35 Europe

-35

0

35 Africa

-35

0

35Middle East

-35

0

35

13

ExxonMobil 2016 Outlook for Energy

Indicative trade flows

Future Energy Trade

14

For more information, visit exxonmobil.com/energyoutlook

or download the ExxonMobil app