ENVIRONMENT EXCERPT: EXXONMOBIL 2021 ENERGY & CARBON SUMMARY About the Energy & Carbon Summary The Energy & Carbon Summary outlines ExxonMobil’s approach to managing climate risks, including Board of Directors oversight, technology investments and actions to reduce greenhouse gas emissions. It highlights the Company’s commitment to advancing sustainable, effective solutions that address the world’s growing demand for energy and the risks of climate change. Positioning for a lower-carbon energy future Under most third-party scenarios that meet the objectives of the Paris Agreement, oil and natural gas continue to play a significant role for decades in meeting increasing energy demand of a growing and more prosperous global population. ExxonMobil will play an important role in meeting society’s need for energy and at the same time is committed to supporting efforts to mitigate the risk of climate change, as reflected in the four pillars of the Company’s climate strategy: • Mitigating emissions in Company operations. • Providing products to help customers reduce their emissions. • Developing and deploying scalable technology solutions. • Proactively engaging on climate-related policy. • ExxonMobil’s greenhouse gas emissions have declined approximately 5 percent from 2010 to 2019 due to energy efficiency improvements, and reductions in flaring, venting and fugitive emissions. • At year-end 2020, the Company expected to achieve the emission reduction goals outlined in 2018. These included: – 15 percent reduction in methane emissions versus 2016 levels, and – 25 percent reduction in flaring versus 2016 levels. • The Company aims for industry-leading greenhouse gas performance across its businesses by 2030, and recently announced new emission reduction plans for 2025, which are projected to be consistent with the goals of the Paris Agreement. • The 2025 plans include a 15 to 20 percent reduction in greenhouse gas intensity of upstream operations compared to 2016 levels. This will be supported by a: – 40 to 50 percent reduction in methane intensity, and – 35 to 45 percent reduction in flaring intensity. • The Company’s upstream operations also plan to align with the World Bank’s initiative to eliminate routine flaring by 2030. • The 2025 emission reduction plans are expected to reduce absolute greenhouse gas emissions by an estimated 30 percent for the Company’s upstream business. Similarly, absolute flaring and methane emissions are expected to decrease by 40 to 50 percent. The emission reduction plans cover Scope 1 and Scope 2 emissions from assets operated by the Company. ExxonMobil has a long history of responsibly meeting society‘s evolving need for energy in a reliable and sustainable manner. With a longstanding commitment to investments in technology and the ingenuity of its people, the Company is well positioned to continue to provide the energy that is essential to improving lives around the world, while managing the risks of climate change. Mitigating emissions in Company operations EXXONMOBIL’S CLIMATE STRATEGY 9 | Sustainability Report Highlights For more information, visit exxonmobil.com/energycarbonsummary .