Presentation Regarding Competitors in the Market Place - PowerPoint by dwc17962

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									Taking on the world’s toughest energy challenges
                                           Rex Tillerson
                           President Exxon Mobil Corporation




IPAA/TIPRO Luncheon
Houston December 8, 2004
Cautionary Statement
   Outlooks, projections, estimates, targets, and business plans in this
 presentation are forward-looking statements. Actual future results, demand
 growth and supply mix; resource recoveries; project plans, timing, costs, and
 capacities; revenue enhancements and cost efficiencies; and the impact of
 technology could differ materially due to a number of factors. These include
 changes in long-term oil or gas prices or other market conditions affecting the
 oil, gas, and petrochemical industries; changes in law or government
 regulation; the outcome of commercial negotiations; the actions of competitors;
 unexpected technological developments; and other factors discussed here and
 under the heading "Factors Affecting Future Results" in item 1 of our most
 recent Form 10-K and on our Web site at www.exxonmobil.com. References to
 quantities of oil and gas include amounts that are not yet classified as proved
 reserves but that we believe will likely be produced in the future. See also the
 "Frequently Used Terms" and current reports furnished under items 2.02 and 12
 of Form 8-K available through our Web site. This material provides additional
 information regarding return on capital employed, normalized earnings, and
 other terms used in this presentation, including information required by SEC
 Regulation G. The 2003 Financial and Operating Review on our Web site also
 shows ExxonMobil's net interest in specific projects.
Oil & Gas Remain as Primary Energy Sources
Total Energy                                 Other Energy                            Wind & Solar
MBDOE                                        MBDOE                                   MBDOE

400                                            60                                    3.0
            Growth Rate          Growth Rate
           1980-2003, %         2003-2030, %              Wind & Solar
350
                 1.6                  1.7      50                                    2.5
300                                   1.4
                                               40                                    2.0
250
                        Other         1.7                      Biomass,
200                                            30                MSW                 1.5                   Wind
                                                         1.5              1.2
                 2.7    Coal                                                                                      11.1
150                                   2.2
                 1.5                           20                                    1.0
                        Gas
100
                 2.2
                                                         5.9   Nuclear    0.8
                                               10                                    0.5
 50
                 1.0      Oil         1.5
                                                         2.2    Hydro     2.1                             Solar 9.5
  0                                             0                                    0.0
      80    90     00     10     20     30          80   90    00   10    20    30         80   90   00   10   20     30
World Oil Demand
By Region                                 By Sector
MBD                                       MBD
140                                       140


120                                       120
                                                                     Power
                           ME/AF
100                                       100
                            LA
 80                                        80
                          Emerging
                            Asia                               Transportation
 60                                        60
                       Japan/Aus/NZ
                      Russia/Caspian
 40                                        40
                           Europe

 20                                        20                    Industrial

                     North America
                                                                Res/Comm
  0                                         0
      80   90   00   10     20       30         80   90   00    10      20      30
World Liquids Production Outlook
 MBD
 140


 120


 100                  Liquids Demand
                                                         ~50
                                            ~41 OPEC
  80
                               ~30

  60             28
            23                             Canadian Oil Sands
                           NGL’s, OPEC Condensate, Other
  40


  20                       Non-OPEC Crude + Condensate


   0
       80   90    00            10            20            30
Large Oil Resources Exist
Oil in Place            Locations of Major Deposits

 Trillions of Barrels




                                                      Conventional Oil

                                                      Oil Sands

                                                      Oil Shale
World Gas Demand
By Region                                  By Sector

GCFD                                       GCFD
                                           GCFD
600                                        600



500                                        500



400                          ME/AF         400

                              LA

300                        Emerging        300
                             Asia                                Power
                          Japan/Aus/NZ

200                   Russia/Caspian       200

                                                                Industrial
                            Europe
100                                        100
                             North
                            America                             Res/Comm
  0                                          0
      80   90   00   10       20      30         80   90   00    10      20   30
Gas Trade Grows Increasingly Significant
                                                     Russia/Caspian
                              Total Europe
                                                      18       36    45
                             53% 65% 70%
  North America
  10% 18% 24%
                              34     52    62                       Asia Pacific
  9       18   26                                                   9%    18% 21%

                            Africa                                  5     15   22
                      16      21     25          Middle East
      Latin America                             10   21    31

      4    7     9



                      2010 2020 2030
                                           Total Regional Trade
                                           Net Exports, GCFD

                                           Net Imports, GCFD & % Regional Demand
                       48      85    110
LNG Market Growth

Supply
                                           • Global LNG sales grow by
MTA                                 BCFD     factor of 4 by 2020
500

                                      60   • US gas demand requires
400
                                             both LNG & Arctic gas
                                      50
                                           • Greenfield terminals required
300                                   40     to provide entry points

                                      30   • Significant investment to
200                                          integrate across full value
                                      20     chain
100
                                      10   • Technology key to low cost
                                             supplier
  0                                   0
      '01   '05   '10   '15   '20
Meeting the Challenge
Industry Outlook - Oil & Gas Demand/Supply

MOEBD

 200

                                                            • Scale of investment required
                     World Demand
 160
                                                            • Ability to manage risk

 120                                      Required
                                            New             • Access to resources
                                         Production

  80                                                        • Importance of fiscal certainty
                            Existing Field
                           Decline ~ 4 - 6%
  40
                Existing Production

   0
   ‘80   ‘85   ‘90   ‘95     ‘00   ‘05    ‘10   ‘15   ‘20
Taking on the world’s toughest energy challenges

								
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