1. The Outlook for Energy
a view to 2040
Piero Biscari
Direttore Relazioni Esterne e Istituzionali - Esso Italiana
SAFE
11 maggio 2012
This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ
materially due to changes in 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. The information provided includes
ExxonMobil's internal estimates and forecasts based upon internal data and analyses as well as publically-available information from external sources including the
International Energy Agency. This material is not to be reproduced without the permission of Exxon Mobil Corporation.

2. Global Progress Drives Demand
Population GDP Energy Demand
Billion Trillion 2005$ Quadrillion BTUs
21 120 1400
Average Growth / Yr. Average Growth / Yr. Average Growth / Yr.
2010 – 2040 2010 – 2040 2010 – 2040
18 0.8% 2.9% 1200 0.9%
100
15 1000
80
Energy Saved
12 800 ~500
60
9 600
40
6 400
Non OECD
20
3 200
OECD
0 0 0
1990 2015 2040 1990 2015 2040 1990 2015 2040
ExxonMobil 2012 Energy Outlook

3. Global Efficiency Minimizes Demand Growth
Demand Energy per GDP
Quadrillion BTUs MBTU / 2005$ GDP
1200 15
What demand would be
without efficiency gains
1000
12 Constant 2010
~500
Quads Level
800 -0.9%
9
600
-1.9%
6
400 0.9%
Average Growth / Yr.
2010 - 2040 3
200
0 0
1990 2015 2040 1990 2015 2040
ExxonMobil 2012 Outlook for Energy

4. Electricity Generation Leads Growth
Quadrillion BTUs
300
250
200
150
2040
2025
100 2010
50
0
Res/Comm Transportation Industrial Electricity Generation
ExxonMobil 2012 Outlook for Energy

5. Electricity Demand Continues to Surge
By Sector Fuel Into Electricity Generation
k TWh Quadrillion BTUs
35 300
Transportation Renewables
30 Wind
250
25
Nuclear
200
20
Residential/Commercial
150
Coal
15
100
10
Industrial
5 50 Gas
Oil
0 0
1990 2015 2040 1990 2015 2040
ExxonMobil 2012 Outlook for Energy

6. Commercial Transportation Drives Demand Growth
Commercial Personal
MBDOE MBDOE
50 50
Rail
40 40
Marine
30 Aviation 30
20 20
Heavy Duty Light Duty Vehicles
10 Vehicles 10
0 0
1990 2015 2040 1990 2015 2040
ExxonMobil 2012 Outlook for Energy

7. Energy Mix Continues to Evolve
Quadrillion BTUs
250
0.9%
0.7% Average Growth / Yr.
2040
2010 - 2040
200
1.6%
2010
150 -0.2%
100
2.2% 0.3%
50
6.0% 1.6%
0
Oil Gas Coal Nuclear Biomass/Other Wind / Solar / Hydro / Geo
Biofuels
ExxonMobil 2012 Outlook for Energy

8. World Gas Supply
BCFD
150 150
Europe
150 North America 100
100
100 50
50
50 0
0
0 '10 '20 '30 '40 '10 '20 '30 '40
Russia/Caspian
'10 '20 '30 '40
150
100
150
50
100
0 150
50
'10 '20 '30 '40
150 Middle East 100
0
'10 '20 '30 '40 100 50
South America
LNG
50 0
Pipeline '10 '20 '30 '40
Unconventional
0 Asia Pacific
Conventional
'10 '20 '30 '40
Africa
ExxonMobil 2012 Outlook for Energy

9. Global Gas Resource
8.1
•World: ~250 years coverage at current demand
•Large unconventional gains anticipated
4.8
1.3 4.9
Europe
OECD
North America* Russia/Caspian* 4.1
1000 TCF
30 2.3
Middle East
25
Unconventional 2.6
20
Africa
Asia Pacific
15
10 Conventional Latin America
5
0
World
ExxonMobil IEA; * IncludesEnergy Non OECD
Source: 2012 Outlook for Europe

10. CO2 Emissions Plateau
By Region Emissions per Capita
Billion Tons Tons per Person
40 20
2010
30 Rest of Non OECD 15 2025
India & Africa
2040
20 10
China
10 5
OECD
0 0
1990 2015 2040 U.S. Europe China India
ExxonMobil 2012 Outlook for Energy

11. Energy Use Evolves Over Time
Global Percent Mix of Fuels
Percent
Other Renewables
100
Nuclear
Hydro
80
Gas
60
Oil
40
20
Coal
Biomass
0
1800 1850 1900 1950 2000 2040
Source: Smil, Energy Transitions (1800-1960)

12. Development Challenges and Solutions
Increase
Efficiency
World development continues, while lives improve and economies grow
~9 billion people
130% increase in global GDP
30% increase in energy demand
500 quadrillion BTUs saved via efficiency
All reliable, affordable
energy supplies needed
Mitigate Expand
Emissions Supplies
Technology