Managing socioeconomic impacts

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class="content-type">Report</span> <span class="date">Jan. 8, 2024</span> </div> </div> </div> </article> </div> </section> <section class="tableOfContent " data-script="tableOfContent"> <div class="container"> <article class="tableOfContent--wrapper"> <header class="tableOfContent--header"> <h2 class="eyebrow eyebrow-red"> In this section <i class="icon-dropdown-arrow"></i> </h2> </header> <section class="tableOfContent--content"></section> </article> </div> </section> <div class="article--wrapper"> <section class="rich-text" > <div class="container"> <div class="rich-text--content"> <div class="p"> We are committed to being a good corporate citizen in the places we operate worldwide. We maintain high ethical standards; obey applicable laws, rules, and regulations; and respect local and national cultures. We are dedicated to running safe and environmentally responsible operations. This is reinforced as a guiding principle in our <a href="/-/media/global/files/who-we-are/standards-of-business-conduct.pdf" target="_blank">Standards of Business Conduct</a>. </div> </div> </div> </section> <section class="articleMedia articleMedia-in-line" data-script="article-media"> <div class="container"> <article class="articleMedia--content"> <figure> <div class="articleMedia--imageWrapper"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/sdg-goals-one-line/left/socioeconomic-management.png?w=768&usecustomfunctions=1&centercrop=1&hash=3E6DA772F14EB20FF793E5CFEA648D05 1x,/-/media/global/images/sustainability-report/2022/sdg-goals-one-line/left/socioeconomic-management.png?w=1536&usecustomfunctions=1&centercrop=1&hash=7202839F07FCBB0C54B1A4E1FB6A8A85 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/sdg-goals-one-line/left/socioeconomic-management.png?w=1024&usecustomfunctions=1&centercrop=1&hash=655454AC016427DD2536E17A80427D1D 1x,/-/media/global/images/sustainability-report/2022/sdg-goals-one-line/left/socioeconomic-management.png?w=2048&usecustomfunctions=1&centercrop=1&hash=124A4D66DC898E1B27AE58BADFA3807E 2x"><img src="/-/media/global/images/sustainability-report/2022/sdg-goals-one-line/left/socioeconomic-management.png?usecustomfunctions=1&centercrop=1 " alt="Image United Nations Sustainable Development Goals related to this content." class="img-cover"></picture> </div> <div class="articleMedia--caption"> <figcaption class="caption"> <strong>United Nations Sustainable Development Goals related to this content.</strong> </figcaption> </div> </figure> </article> </div> </section> <section class="rich-text" > <div class="container"> <div class="rich-text--content"> <div class="p"> <h2 class="table-of-contents" id="x_Approach">Approach</h2> <p>Our <a rel="noopener noreferrer" href="https://corporate.exxonmobil.com/-/media/global/files/who-we-are/standards-of-business-conduct.pdf#page=16" target="_blank">Environment Policy</a> and <em>Protect Tomorrow. Today.</em> guiding principle serve as the foundation of our efforts, which are guided by a scientific understanding of the environmental impacts of our operations. In addition, we often consult with stakeholders at early stages of projects and during operations to understand the social and economic needs of the communities in which we operate. We seek to contribute to the social and economic progress of these communities and believe that respecting human rights, managing our impacts on communities, and making valued social investments are integral to the success of our business.</p> <p>Our integrated socioeconomic management approach supports the early identification of potential environmental and socioeconomic impacts, risks, and opportunities (including those related to human rights), as well as the comprehensive planning and effective implementation of measures and advancements that avoid, reduce, or remedy impacts from our operations.</p> </div> </div> </div> </section> <section class="topicContainer topicContainer-article"> <div class="container container-print"> <div class="topicContainer--twoColumn"> <div class="topicContainer--left"> <section class="textBox textBox-gray animateContent" data-script="text-box" > <div class="textBox--content"> <section> <h2 class="h3 textBox--title"><h3 class="table-of-contents" id="x_Coreelements">Core elements</h3></h2> </section> <section class="rich-text"> <div class="textBox--bodyCopy p"> The key socioeconomic elements of our integrated approach include: identification and assessment of potential impacts and benefits; human rights; community engagement and grievance management; community health, safety and security; local economic development; land use, resettlement and livelihood restoration; cultural heritage; and Indigenous peoples. These elements are often interconnected and are best managed in an integrated manner to develop effective approaches to managing risks and opportunities in a broad range of settings. </div> </section> </div> </section> </div> <div class="topicContainer--right"> <section class="imageBox imageBox-gray " > <figure> <div class="imageBox--image" data-script="image-cover"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-management-graph_with-padding.png?w=768&usecustomfunctions=1&centercrop=1&hash=EFFFEF5715D1A445EDB728A0D88C9D51 1x,/-/media/global/images/sustainability-report/2022/icons/socioeconomic-management-graph_with-padding.png?w=1536&usecustomfunctions=1&centercrop=1&hash=228BE4D7FA982330AB720DA344EEB863 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-management-graph_with-padding.png?w=1024&usecustomfunctions=1&centercrop=1&hash=FCD061E1D70924FAA62D30F5F40DC18C 1x,/-/media/global/images/sustainability-report/2022/icons/socioeconomic-management-graph_with-padding.png?w=2048&usecustomfunctions=1&centercrop=1&hash=97F8406D384E12D7D00F29533856AFCB 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-management-graph_with-padding.png?usecustomfunctions=1&centercrop=1 " alt="" class="img-cover"></picture> </div> <div class="imageBox--content"> <div class="imageBox--caption "> <div class="imageBox--share"> <div class="shareInfo" data-id="{DAB085AB-45C8-4123-94C3-019CE6AAA754}" data-lang="en" data-script="share-popup" data-analytics="{"event":"trackEvent","action":"click - social sharing","pagePosition":"image box","category":"Article page","language":"en","publishDate":"20240108T181145Z","templateType":"Image Box","contentType":"Image Box"}" data-url="http://corporate.exxonmobil.com/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts" data-message="We are committed to being a good corporate citizen in the places we operate worldwide." data-twitter-message="We are committed to being a good corporate citizen in the places we operate worldwide." data-facebook-message="We are committed to being a good corporate citizen in the places we operate worldwide." role="dialog"> <button class="icon-share" aria-label="Share"> <span class="visibility-hidden">Share</span> </button> <div class="shareInfo--container"> <div class="arrow"></div> <p class="unstyle"> <span class="eyebrow eyebrow-red">Share</span> </p> <div class="shareInfo--wrapper"> <span class="shareInfo--iconWrapper"> <button class="icon icon-facebook" data-share="facebook" aria-label="Facebook link opens in a new window "> <span class="visibility-hidden">Facebook link opens in a new window </span> </button> </span> <span class="shareInfo--iconWrapper"> <button class="icon icon-twitter" data-share="twitter" aria-label="Twitter link opens in a new window"> <span class="visibility-hidden">Twitter link opens in a new window</span> </button> </span> <span class="shareInfo--iconWrapper"> <button class="icon icon-linkedin" data-share="linkedin" aria-label="Linkedin link opens in a new window 1"> <span class="visibility-hidden">Linkedin link opens in a new window 1</span> </button> </span> <span class="shareInfo--iconWrapper"> <a href="mailto:?subject=Managing socioeconomic impacts | ExxonMobil&body=We are committed to being a good corporate citizen in the places we operate worldwide. %0ahttp://corporate.exxonmobil.com/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts" class="icon icon-email" data-share="email" aria-label="Email link opens in a new window"> <span class="visibility-hidden">Email link opens in a new window</span> </a> </span> <span class="shareInfo--iconWrapper"> <button class="icon icon-link" aria-label="copy to clipboard"> <span class="visibility-hidden">copy to clipboard</span> </button> </span> </div> <button class="icon-close" aria-label="close"> <span class="visibility-hidden">close</span> </button> </div> </div> </div> </div> </div> </figure> </section> </div> </div> </div> </section> <section class="articleMedia articleMedia-in-line article-list "> <div class="container"> <article class="articleMedia--content"> <div class="articleMedia--wrapper"> <div class="articleList--section" data-script="list-feature"> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Impact identification and assessment</h4></h6> <span class="description p"><p>ExxonMobil’s projects and operations around the world provide socioeconomic benefits within and beyond the communities where we operate. While there are inherent risks in any type of development or operation, we seek to avoid those risks, reduce them to acceptable levels, or remedy the impacts.</p></span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/impact-identification-and-assessment" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-mang-circle-icon-square.png?w=768&hash=544A3618E2403956C5882236BAA7C35A 1x,/-/media/global/images/sustainability-report/2022/icons/socioeconomic-mang-circle-icon-square.png?w=1536&hash=1B9599ADDB04259E70EE9B6217F149C6 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-mang-circle-icon-square.png?w=1024&hash=271CE015147E1820161643D3980C5C9A 1x,/-/media/global/images/sustainability-report/2022/icons/socioeconomic-mang-circle-icon-square.png?w=2048&hash=7819D8FA0F72C89232BF3088587FF138 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/socioeconomic-mang-circle-icon-square.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Community engagement and grievance management</h4></h6> <span class="description p">We work collaboratively and transparently with local communities to promote positive, long-term relationships. We consult with local groups and individuals regularly and seek to have our stakeholders effectively represented as community concerns are discussed and decisions are made. </span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/community-engagement-and-grievance-management" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-community-engagement-and-grievance-mang.png?w=768&hash=2465FB2C6E24D8B9666F9AD9452D0CEB 1x,/-/media/global/images/sustainability-report/2022/icons/sr-community-engagement-and-grievance-mang.png?w=1536&hash=39AFB472F479374B6E8EDBB8F88F9C12 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-community-engagement-and-grievance-mang.png?w=1024&hash=56F237CB2DB7138127C013ECE79F50D5 1x,/-/media/global/images/sustainability-report/2022/icons/sr-community-engagement-and-grievance-mang.png?w=2048&hash=F47793AA1AAC0FC119D67E4DF2797070 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-community-engagement-and-grievance-mang.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Community health, safety and security</h4></h6> <span class="description p">We integrate community health, safety, and security into our impact assessments as a key component of our socioeconomic management approach and plans. Our Community Health, Safety, and Security plans typically include identified risks, as well as mitigation and management measures, and monitoring of outcomes. </span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/community-health-safety-and-security" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-community-health-safety-and-security.png?w=768&hash=06BA8919DF465C14689E24EA8624739F 1x,/-/media/global/images/sustainability-report/2022/icons/sr-community-health-safety-and-security.png?w=1536&hash=FCA2D19A194C3D91A07F9F1D16F94369 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-community-health-safety-and-security.png?w=1024&hash=3EAEDC9108327A12E8C678AA26AD25FB 1x,/-/media/global/images/sustainability-report/2022/icons/sr-community-health-safety-and-security.png?w=2048&hash=85F37EBEB5CE439534557A6DB32FA5D3 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-community-health-safety-and-security.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Local economic development</h4></h6> <span class="description p"><p>ExxonMobil works closely with local communities to understand the unique needs of the areas where we operate and to identify and help contribute to long-term, positive local economic and social development. </p></span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/local-economic-development" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-local-economic-development.png?w=768&hash=DC7B9819C9E73963CB08B5A1576FCF13 1x,/-/media/global/images/sustainability-report/2022/icons/sr-local-economic-development.png?w=1536&hash=22C0906917C23C2FC40F5AE92F13495B 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-local-economic-development.png?w=1024&hash=57086FB2F16128335205AF6FE0D539AB 1x,/-/media/global/images/sustainability-report/2022/icons/sr-local-economic-development.png?w=2048&hash=8BC779D828980BC3F83352EE00C55955 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-local-economic-development.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Land use, resettlement and livelihood restoration</h4></h6> <span class="description p">We respect property rights in the countries and communities where we operate, and we seek to avoid involuntary resettlement and to minimize the need for voluntary resettlement through a disciplined site selection process.</span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/land-use-resettlement-and-livelihood-restoration" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-land-use-resettlement-and-livelihood-restoration.png?w=768&hash=4F437918235BB8C14D2312B4CB59F48A 1x,/-/media/global/images/sustainability-report/2022/icons/sr-land-use-resettlement-and-livelihood-restoration.png?w=1536&hash=DB382C12A07223E1D8D6FA8988EF55EB 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-land-use-resettlement-and-livelihood-restoration.png?w=1024&hash=FC9208CFA65181ED91518662EE2987B6 1x,/-/media/global/images/sustainability-report/2022/icons/sr-land-use-resettlement-and-livelihood-restoration.png?w=2048&hash=4CB9816DF1B4121D3E3413A2B0264B85 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-land-use-resettlement-and-livelihood-restoration.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Indigenous peoples</h4></h6> <span class="description p"><p>In locations inhabited or historically used by Indigenous peoples, we work with communities to respect their cultures and customs. In addition, we support employment initiatives and cultural heritage programs through local content development and strategic community investments.</p></span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/indigenous-peoples" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-indigenous-peoples.png?w=768&hash=5CDF330C1DBA9594844D388963600B5B 1x,/-/media/global/images/sustainability-report/2022/icons/sr-indigenous-peoples.png?w=1536&hash=C7A6B58B685962925C41FAE109ECEC64 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-indigenous-peoples.png?w=1024&hash=832F333D538AC3907C35C6AEF327F2C2 1x,/-/media/global/images/sustainability-report/2022/icons/sr-indigenous-peoples.png?w=2048&hash=B7B09EE1CF978ED2DC890C734818D55C 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-indigenous-peoples.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> <div class="article-list-item container" data-script="article-list"> <div class="article-list-content"> <h6 class="title"><h4>Cultural heritage</h4></h6> <span class="description p"><p>We look for opportunities to help preserve cultural heritage by managing the potential impacts of our operations and by making culturally appropriate community investments.</p></span> <a href="/sustainability-and-reports/sustainability/engaging-communities-and-our-supply-chain/managing-socioeconomic-impacts/cultural-heritage" class="cta" target="" >Learn more <i class="icon icon-carousel-arrow right"></i> </a> </div> <div class="article-list-image"> <picture><source media="(max-width: 768px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-cultural-heritage.png?w=768&hash=2D42B35A9DB97C9CDE16D0723AE04AAE 1x,/-/media/global/images/sustainability-report/2022/icons/sr-cultural-heritage.png?w=1536&hash=CB51EF6E6C978DBE01060E6C92D84DD5 2x"><source media="(max-width: 1024px)" srcset="/-/media/global/images/sustainability-report/2022/icons/sr-cultural-heritage.png?w=1024&hash=189669F049F8AB9F8FE47A334EFCEE36 1x,/-/media/global/images/sustainability-report/2022/icons/sr-cultural-heritage.png?w=2048&hash=1B9C930F317C5C5475EE9077D3C7A7D4 2x"><img src="/-/media/global/images/sustainability-report/2022/icons/sr-cultural-heritage.png?usecustomfunctions=1&centercrop=1 " alt="" ></picture> </div> </div> </div> </div> </article> </div> </section> <section class="topicContainer topicContainer-article"> <div class="container container-print"> <div class="topicContainer--twoColumn"> <div class="topicContainer--left"> <section class="imageBox imageBox-white animateContent " > <figure> <div class="imageBox--image" data-script="image-cover"> <picture><source media="(max-width: 768px)" srcset="/dfsmedia/203ddbf073b24e7dac6f6243dabf7669/133301-50059/resize/768x1536/options/keepaspectratio/dsc03493-x-square-11-2880-x-2880 1x,/dfsmedia/203ddbf073b24e7dac6f6243dabf7669/133301-50059/resize/1536x3072/options/keepaspectratio/dsc03493-x-square-11-2880-x-2880 2x"><source media="(max-width: 1024px)" srcset="/dfsmedia/203ddbf073b24e7dac6f6243dabf7669/133301-50059/resize/1024x2048/options/keepaspectratio/dsc03493-x-square-11-2880-x-2880 1x,/dfsmedia/203ddbf073b24e7dac6f6243dabf7669/133301-50059/resize/2048x4096/options/keepaspectratio/dsc03493-x-square-11-2880-x-2880 2x"><img src="/dfsmedia/203ddbf073b24e7dac6f6243dabf7669/133301-50059/options/keepaspectratio/dsc03493-x-square-11-2880-x-2880 " alt="" class="img-cover"></picture> </div> <div class="imageBox--content"> <div class="imageBox--caption "> <div class="imageBox--share"> <div class="shareInfo" data-id="{DAB085AB-45C8-4123-94C3-019CE6AAA754}" data-lang="en" data-script="share-popup" data-analytics="{"event":"trackEvent","action":"click - 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aria-label="close"> <span class="visibility-hidden">close</span> </a> <h4 class="modal--title" id="statement-modal"> </h4> <div class="modal--content rich-text" id="statement-text"> <p><strong>FORWARD-LOOKING STATEMENT WARNING</strong></p> <p>CAUTIONARY STATEMENT RELEVANT TO FORWARD LOOKING INFORMATION FOR THE PURPOSE OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERS</p> <p>Images or statements of future ambitions, plans, goals, events, projects, projections, opportunities, or conditions in the publications, including plans to reduce, abate, avoid or enable avoidance of emissions or reduce emissions intensity, sensitivity analyses, expectations, estimates, the development of future technologies, business plans, and sustainability efforts are dependent on future market factors, such as customer demand, continued technological progress, policy support and timely rule-making or continuation of government incentives and funding, and represent forward-looking statements. Similarly, emission-reduction roadmaps to drive toward net zero and similar roadmaps for emerging technologies and markets, and water management roadmaps to reduce freshwater intake and/or manage disposal, are forward-looking statements. These statements are not guarantees of future corporate, market or industry performance or outcomes for society and are subject to numerous risks and uncertainties, many of which are beyond our control or are even unknown.</p> <p>Actual future results, including the achievement of ambitions to reach Scope 1 and 2 net zero from operated assets by 2050, to reach Scope 1 and 2 net zero in Upstream Permian Basin unconventional operated assets by 2030, 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, to meet greenhouse gas emission reduction plans or goals, divestment and start-up plans, and associated project plans; technology advances including in the timing and outcome of projects to capture and store CO<sub>2</sub> supply lower-emission fuels, produce hydrogen, produce lithium, obtain data on detection, measurement and quantification of emissions including reporting of that data or updates to previous estimates, and use plastic waste as feedstock for advanced recycling; progress in sustainability focus areas; and reserve or resource changes could vary depending on changes in supply and demand and other market factors affecting future prices of oil, gas, petrochemical or new market products and services; future cash flows; our ability to execute operational objectives on a timely and successful basis; policy and consumer support for emission-reduction and other advanced products and technology; changes in international treaties, laws, regulations and incentives, including those greenhouse gas emissions, plastics, carbon storage and carbon costs; evolving reporting standards for these topics and evolving measurement standards for reported data; trade patterns and the development and enforcement of local, national and regional mandates; unforeseen technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies such as electrification of operations, advanced recycling, CCS, hydrogen production, or direct lithium extraction on a commercially competitive basis; availability of feedstocks for lower-emission fuels, hydrogen, or advanced recycling; changes in the relative energy mix across activities and geographies; the actions of competitors; changes in regional and global economic growth rates and consumer preferences; actions taken by governments and consumers resulting from a pandemic; changes in population growth, economic development or migration patterns; military build-ups, armed conflicts, or terrorism; and other factors discussed in this release and in Item 1A. “Risk Factors” in ExxonMobil’s Annual Report on Form 10-K for 2022 and subsequent Quarterly Reports on Forms 10-Q, as well as under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at <a href="/">www.exxonmobil.com</a>. The Advancing Climate Solutions Report includes 2022 greenhouse gas emissions performance data and Scope 3 Category 11 estimates for full-year 2022 as of March 1, 2023. The greenhouse gas intensity and greenhouse gas emission estimates include Scope 2 market-based emissions. The Sustainability Report, the Advancing Climate Solutions Report, and corresponding Executive Summaries were issued on Jan. 8, 2024. The content and data referenced in these publications focus primarily on our operations from Jan. 1, 2022 – Dec. 31, 2022, unless otherwise indicated. Tables on our “Metrics and data” page were updated on April 26, 2024, to reflect full-year 2023 data. Information regarding some known events or activities in 2023 are also included. No party should place undue reliance on these forward-looking statements, which speak only as of the dates of these publications. All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of publication. We do not undertake to provide any further updates or changes to any data or forward-looking statements in these publications. Neither future distribution of this material nor the continued availability of this material in archive form on our website should be deemed to constitute an update or re-affirmation of these figures or statements as of any future date. Any future update will be provided only through a public disclosure indicating that fact.</p> <p><strong>ABOUT THE ADVANCING CLIMATE SOLUTIONS AND SUSTAINABILITY REPORTS </strong></p> <p><strong></strong>The Advancing Climate Solutions Report contains terms used by the TCFD, as well as information about how the disclosures in this report are consistent with the recommendations of the TCFD. In doing so, ExxonMobil is not obligating itself to use any terms in the way defined by the TCFD or any other party, nor is it obligating itself to comply with any specific recommendation of the TCFD or to provide any specific disclosure. For example, with respect to the term “material,” individual companies are best suited to determine what information is material, under the long-standing U.S. Supreme Court definition, and whether to include this information in U.S. Securities and Exchange Act filings. In addition, the ISSB is evaluating standards that provide their interpretation of TCFD which may or may not be consistent with the current TCFD recommendations.</p> <p>These publications have been prepared at shareholders’ request or for their convenience and intentionally focused on unknown future events that we have been asked to consider. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not intended to communicate any material investment information under the laws of the United States or represent that these are required disclosures. These publications are not intended to imply that ExxonMobil has access to any significant non-public insights on future events that the reader could not independently research. In addition, historical, current, and forward-looking environmental and other sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future laws and rulemaking. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are for informational purposes only and are not intended as an advertisement for ExxonMobil’s equity, debt, businesses, products, or services and the reader is specifically notified that any investor-requested disclosure or future required disclosure is not and should not be construed as an inducement for the reader to purchase any product or services. The statements and analysis in these publications represent a good faith effort by the Company to address these investor requests despite significant unknown variables and, at times, inconsistent market data, government policy signals, and calculation, methodologies, or reporting standards. </p> <p>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 the Company’s Global Outlook research and publication. The Global Outlook is reflective of the existing global policy environment and an assumption of increasing policy stringency and technology improvement to 2050. However, the Global Outlook does not attempt to 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 GIobal Outlook, and the Company’s business plans will be updated as appropriate. References to projects or opportunities may not reflect investment decisions made by the corporation or its affiliates. Individual projects or opportunities may advance based on a number of factors, including availability of supportive policy, permitting, technological advancement for cost-effective abatement, insights from the company planning process, and alignment with our partners and other stakeholders. Capital investment guidance in lower-emission investments is based on our corporate plan; however, actual investment levels will be subject to the availability of the opportunity set, public policy support, other factors, and focused on returns. </p> <p>Energy demand modeling aims to replicate system dynamics of the global energy system, requiring simplifications. The reference to any scenario or any pathway for an energy transition, including any potential net-zero scenario, does not imply ExxonMobil views any particular scenario as likely to occur. In addition, energy demand scenarios require assumptions on a variety of parameters. As such, the outcome of any given scenario using an energy demand model comes with a high degree of uncertainty. For example, the IEA describes its NZE scenario as extremely challenging, requiring unprecedented innovation, unprecedented international cooperation, and sustained support and participation from consumers, with steeper reductions required each year since the scenario’s initial release. Third-party scenarios discussed in these reports reflect the modeling assumptions and outputs of their respective authors, not ExxonMobil, and their use or inclusion herein is not an endorsement by ExxonMobil of their underlying assumptions, likelihood, or probability. Investment decisions are made on the basis of ExxonMobil’s separate planning process but may be secondarily tested for robustness or resiliency against different assumptions, including against various scenarios. These reports contain information from third parties. ExxonMobil makes no representation or warranty as to the third-party information. Where necessary, ExxonMobil received permission to cite third-party sources, but the information and data remain under the control and direction of the third parties. ExxonMobil has also provided links in this report to third-party websites for ease of reference. ExxonMobil’s use of the third-party content is not an endorsement or adoption of such information.</p> <p>ExxonMobil reported emissions, including reductions and avoidance performance data, are based on a combination of measured and estimated data. We assess our performance to support continuous improvement throughout the organization using our Environmental Performance Indicator (EPI) process. The reporting guidelines and indicators in the Ipieca, the American Petroleum Institute (API), the International Association of Oil and Gas Producers Sustainability Reporting Guidance for the Oil and Gas Industry (4th edition, 2020, revised February 2023) and key chapters of the GHG Protocol inform the EPI process and the selection of the data reported. Emissions reported are estimates only, and performance data depends on variations in processes and operations, the availability of sufficient data, the quality of those data and methodology used for measurement and estimation. Emissions data is subject to change as methods, data quality, and technology improvements occur, and changes to performance data may be updated. Emissions, reductions, abatements and enabled avoidance estimates for non-ExxonMobil operated facilities are included in the equity data and similarly may be updated as changes in the performance data are reported. ExxonMobil’s plans to reduce emissions are good-faith efforts based on current relevant data and methodology, which could be changed or refined. ExxonMobil works to continuously improve its approach to identifying, measuring, and addressing emissions. ExxonMobil actively engages with industry, including API and Ipieca, to improve emission factors and methodologies, including measurements and estimates. </p> <p>Any reference to ExxonMobil’s support of, work with, or collaboration with a third-party organization within these publications do not constitute or imply an endorsement by ExxonMobil of any or all of the positions or activities of such organization. ExxonMobil participates, along with other companies, institutes, universities and other organizations, in various initiatives, campaigns, projects, groups, trade organizations, and other collaborations among industry and through organizations like the United Nations that express various ambitions, aspirations and goals related to climate change, emissions, sustainability, and the energy transition. ExxonMobil’s participation or membership in such collaborations is not a promise or guarantee that ExxonMobil’s individual ambitions, future performance or policies will align with the collective ambitions of the organizations or the individual ambitions of other participants, all of which are subject to a variety of uncertainties and other factors, many of which may be beyond ExxonMobil’s control, including government regulation, availability and cost-effectiveness of technologies, and market forces and other risks and uncertainties. Such third parties’ statements of collaborative or individual ambitions and goals frequently diverge from ExxonMobil’s own ambitions, plans, goals, and commitments. ExxonMobil will continue to make independent decisions regarding the operation of its business, including its climate-related and sustainability-related ambitions, plans, goals, commitments, and investments. ExxonMobil’s future ambitions, goals and commitments reflect ExxonMobil’s current plans, and ExxonMobil may unilaterally change them for various reasons, including adoption of new reporting standards or practices, market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors. </p> <p>References to “resources,” “resource base,” “recoverable resources” and similar terms refer to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately recoverable. The resource base includes quantities of oil and natural gas classified as proved reserves, as well as quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable. The term “resource base” is not intended to correspond to SEC definitions such as “probable” or “possible” reserves. For additional information, see the “Frequently Used Terms” on the Investors page of the Company’s website at <a href="/">www.exxonmobil.com</a> under the header “Resources.” References to “oil” and “gas” include crude, natural gas liquids, bitumen, synthetic oil, and natural gas. The term “project” as used in these publications can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. </p> <p>Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as “Corporation,” “company,” “our,” “we,” and “its” are sometimes used as abbreviated references to one or more specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations, and global or regional business lines are also sometimes used for convenience and simplicity. Nothing contained herein is intended to override the corporate separateness of affiliated companies. Exxon Mobil Corporation’s goals do not guarantee any action or future performance by its affiliates or Exxon Mobil Corporation’s responsibility for those affiliates’ actions and future performance, each affiliate of which manages its own affairs. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships. These publications cover Exxon Mobil Corporation’s owned and operated businesses and do not address the performance or operations of our suppliers, contractors or partners unless otherwise noted. In the case of certain joint ventures for which ExxonMobil is the operator, we often exercise influence but not control. Thus, the governance, processes, management and strategy of these joint ventures may differ from those in these reports. At the time of publication, ExxonMobil has completed the acquisition of Denbury Inc. and is in the process of acquiring Pioneer Natural Resources. These reports do not speak of these companies’ historic governance, risk management, strategy approaches or emissions performance unless specifically referenced.</p> <p>These reports or any material therein is not to be used or reproduced without the permission of Exxon Mobil Corporation. All rights reserved.</p> <p><strong>SUPPLEMENTAL INFORMATION FOR NON-GAAP AND OTHER MEASURES</strong></p> <p>The Resiliency section of the Advancing Climate Solutions Report mentions modeled operating cash flow in comparing different businesses over time in a future scenario. Historic operating cash flow is defined as net income, plus depreciation, depletion and amortization for consolidated and equity companies, plus noncash adjustments related to asset retirement obligations plus proceeds from asset sales. The Company’s long-term portfolio modeling estimates operating cash flow as revenue or margins less cash expenses, taxes and abandonment expenditures plus proceeds from asset sales before portfolio capital expenditures. The Company believes this measure can be helpful in assessing the resiliency of the business to generate cash from different potential future markets. 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