Prior to completing this assignment, review your prior research and course submissions related to the company you selected for research in Week 2’s Environmental Scanning interactive assignment. Ensure that you have incorporated the feedback you received from your previous submissions. In your Final Project this week, you will pull the various elements you’ve created together to aid your creation of a Strategic Plan. From the perspective of an executive with the firm, your supervisor has tasked you with creating a strategic plan to grow the business over the next three years using this Strategic Plan Template. Continue to access the Mergent Ashford University Library online database which offers company financials, descriptions, history, property, subsidiaries, officers, and directors and the Business Insights database. (View the Mergent tipsheet and Business Insights tipsheet Tips document for suggested methods of searching Ashford University Library databases generally as well as specific advice for searching these two databases).

Your strategic plan must be future-oriented and must

• Describe the company, the company’s history and its 4Ps (Product, Price, Place, and Promotion).
• Examine the company’s mission statement and assess its impact on the organization’s activities.
• Explain the current situation of the organization in the market (industry, market, and general environment analysis).
• Add your SWOT analysis (strengths, weaknesses, opportunities, and threats) of your chosen company here. Evaluate areas that offer opportunities for
  • Choose three or four areas from your SWOT analysis and assess why the areas you have chosen are essential to your strategic plan
• Summarize the results of your Environmental Scan and Porter’s 5 Forces.
  • Evaluate the degree to which they aid in conceptualizing the company’s competitive position in its marketplace.
• Assess the company’s international performance in light of Cultural Barriers, Monetary Exchange Rates, and Political Instability.
• Assess the financial performance and condition of the
• Operational budget: Research and assess the company’s operational budget.
• Assess the performance in terms of key performance indicators.
• In your analysis, be sure to include profitability ratios relevant to your analysis.
  • Debt to Equity ratio
  • Debt to Assets ratio
• Based on the data, evaluate the overall current financial condition of the company.
  • Support your analysis by referring to the company data
  • Create a three year end trend analysis
• Assess how your Operational Budget analysis affects your three-year strategic plan.
• Recommend an organizational structure in terms of the organizational design as defined in Abraham (2012) section 2.6.
• Assess the impact of the strategic plan on the organizational culture.
• Strategic Goals: Create measurable core strategic goals for each of the three to four areas addressed from the SWOT analysis, addressing any contingencies associated with the strategies you are recommending and prioritizing them according to ease of achievement and time to completion.
• Recommend marketing positions and opportunities for growth in your strategic plan
• Add specific language to the strategic plan that addresses the company’s Corporate Social Responsibility
• Explain your plan to measure the success of your strategic
• Submit the Strategic Plan to the instructor.

The Final Paper

• Must be 10 double-spaced pages in length (excluding title and reference pages), and formatted according to APA style (Links to an external site.)Links to an external site. as outlined in the Ashford Writing Center (Links to an external site.)Links to an external site..
• Must include a title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must begin with an introductory paragraph that has a succinct thesis statement.
• Must address the topic of the paper with critical thought.
• Must end with a conclusion that reaffirms your thesis.
• Must use at least five scholarly and/or credible resources (including a minimum of three from the Ashford University Library) other than the textbook. Use the Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.)Links to an external site.document for guidance.
• Must document all sources in APA style (Links to an external site.)Links to an external site. as outlined in the Ashford Writing Center (Links to an external site.)Links to an external site..
• Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

Note : My chosen company Topic is ExxonMobil which i have used in my week assignment. i am also attaching some document which will be helpful to complete the assignment

2017

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K
 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2017

or

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to
Commission File Number 1-2256

EXXON MOBIL CORPORATION
(Exact name of registrant as specified in its charter)

NEW JERSEY 13-5409005
(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer
Identification Number)

5959 LAS COLINAS BOULEVARD, IRVING, TEXAS 75039-2298
(Address of principal executive offices) (Zip Code)

(972) 940-6000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class
Name of Each Exchange

on Which Registered

Common Stock, without par value (4,237,462,159 shares outstanding at January 31, 2018) New York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  No 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  No 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange

Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes  No 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data
File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes  No 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-
K or any amendment to this Form 10-K. 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and
“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  Accelerated filer 
Non-accelerated filer  Smaller reporting company 
 Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Act). Yes  No 
The aggregate market value of the voting stock held by non-affiliates of the registrant on June 30, 2017, the last business day of the registrant’s

most recently completed second fiscal quarter, based on the closing price on that date of $80.73 on the New York Stock Exchange composite tape,
was in excess of $342 billion.

Documents Incorporated by Reference: Proxy Statement for the 2018 Annual Meeting of Shareholders (Part III)

[THIS PAGE INTENTIONALLY LEFT BLANK]

EXXON MOBIL CORPORATION
FORM 10-K

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017

TABLE OF CONTENTS

PART I

Item 1. Business 1

Item 1A. Risk Factors 2

Item 1B. Unresolved Staff Comments 4

Item 2. Properties 5

Item 3. Legal Proceedings 26

Item 4. Mine Safety Disclosures 26

Executive Officers of the Registrant [pursuant to Instruction 3 to Regulation S-K, Item 401(b)] 27

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities 30

Item 6. Selected Financial Data 30

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 30

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 31

Item 8. Financial Statements and Supplementary Data 31

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 31

Item 9A. Controls and Procedures 31

Item 9B. Other Information 31

PART III

Item 10. Directors, Executive Officers and Corporate Governance 32

Item 11. Executive Compensation 32

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters 32

Item 13. Certain Relationships and Related Transactions, and Director Independence 33

Item 14. Principal Accounting Fees and Services 33

PART IV

Item 15. Exhibits, Financial Statement Schedules 33

Item 16. Form 10-K Summary 33

Financial Section 34

Index to Exhibits 120

Signatures 121

Exhibit 12 — Computation of Ratio of Earnings to Fixed Charges

Exhibit 18 — Preferability Letter

Exhibits 31 and 32 — Certifications

[THIS PAGE INTENTIONALLY LEFT BLANK]

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PART I
ITEM 1. BUSINESS

Exxon Mobil Corporation was incorporated in the State of New Jersey in 1882. Divisions and affiliated companies of ExxonMobil
operate or market products in the United States and most other countries of the world. Their principal business is energy, involving
exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of
crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals,
including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Affiliates of
ExxonMobil conduct extensive research programs in support of these businesses.

Exxon Mobil Corporation has several divisions and hundreds of affiliates, many with names that include ExxonMobil, Exxon, Esso,
Mobil or XTO. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso, Mobil and XTO, as well as terms
like Corporation, Company, our, we and its, are sometimes used as abbreviated references to specific affiliates or groups of
affiliates. The precise meaning depends on the context in question.

The energy and petrochemical industries are highly competitive. There is competition within the industries and also with other
industries in supplying the energy, fuel and chemical needs of both industrial and individual consumers. The Corporation competes
with other firms in the sale or purchase of needed goods and services in many national and international markets and employs all
methods of competition which are lawful and appropriate for such purposes.

Operating data and industry segment information for the Corporation are contained in the Financial Section of this report under the
following: “Quarterly Information”, “Note 18: Disclosures about Segments and Related Information” and “Operating Information”.
Information on oil and gas reserves is contained in the “Oil and Gas Reserves” part of the “Supplemental Information on Oil and
Gas Exploration and Production Activities” portion of the Financial Section of this report.

ExxonMobil has a long-standing commitment to the development of proprietary technology. We have a wide array of research
programs designed to meet the needs identified in each of our business segments. Information on Company-sponsored research and
development spending is contained in “Note 3: Miscellaneous Financial Information” of the Financial Section of this report.
ExxonMobil held over 12 thousand active patents worldwide at the end of 2017. For technology licensed to third parties, revenues
totaled approximately $89 million in 2017. Although technology is an important contributor to the overall operations and results of
our Company, the profitability of each business segment is not dependent on any individual patent, trade secret, trademark, license,
franchise or concession.

The number of regular employees was 69.6 thousand, 71.1 thousand, and 73.5 thousand at years ended 2017, 2016 and 2015,
respectively. Regular employees are defined as active executive, management, professional, technical and wage employees who
work full time or part time for the Corporation and are covered by the Corporation’s benefit plans and programs. Regular employees
do not include employees of the company-operated retail sites (CORS). The number of CORS employees was 1.6 thousand,
1.6 thousand, and 2.1 thousand at years ended 2017, 2016 and 2015, respectively.

Throughout ExxonMobil’s businesses, new and ongoing measures are taken to prevent and minimize the impact of our operations
on air, water and ground. These include a significant investment in refining infrastructure and technology to manufacture clean
fuels, as well as projects to monitor and reduce nitrogen oxide, sulfur oxide and greenhouse gas emissions, and expenditures for
asset retirement obligations. Using definitions and guidelines established by the American Petroleum Institute, ExxonMobil’s 2017
worldwide environmental expenditures for all such preventative and remediation steps, including ExxonMobil’s share of equity
company expenditures, were $4.7 billion, of which $3.3 billion were included in expenses with the remainder in capital
expenditures. The total cost for such activities is expected to increase to approximately $5 billion in 2018 and 2019. Capital
expenditures are expected to account for approximately 30 percent of the total.

Information concerning the source and availability of raw materials used in the Corporation’s business, the extent of seasonality in
the business, the possibility of renegotiation of profits or termination of contracts at the election of governments and risks attendant
to foreign operations may be found in “Item 1A. Risk Factors” and “Item 2. Properties” in this report.

ExxonMobil maintains a website at exxonmobil.com. Our annual report on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K and any amendments to those reports filed or furnished pursuant to Section 13(a) of the Securities Exchange
Act of 1934 are made available through our website as soon as reasonably practical after we electronically file or furnish the reports
to the Securities and Exchange Commission (SEC). Also available on the Corporation’s website are the Company’s Corporate
Governance Guidelines and Code of Ethics and Business Conduct, as well as the charters of the audit, compensation and nominating
committees of the Board of Directors. Information on our website is not incorporated into this report.

2

ITEM 1A. RISK FACTORS
ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical
businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial
and operating results, or our financial condition. These risk factors include:

Supply and Demand

The oil, gas, and petrochemical businesses are fundamentally commodity businesses. This means ExxonMobil’s operations and
earnings may be significantly affected by changes in oil, gas, and petrochemical prices and by changes in margins on refined
products. Oil, gas, petrochemical, and product prices and margins in turn depend on local, regional, and global events or conditions
that affect supply and demand for the relevant commodity. Any material decline in oil or natural gas prices could have a material
adverse effect on certain of the Company’s operations, especially in the Upstream segment, financial condition, and proved reserves.
On the other hand, a material increase in oil or natural gas prices could have a material adverse effect on certain of the Company’s
operations, especially in the Downstream and Chemical segments.

Economic conditions. The demand for energy and petrochemicals is generally linked closely with broad-based economic activities
and levels of prosperity. The occurrence of recessions or other periods of low or negative economic growth will typically have a
direct adverse impact on our results. Other factors that affect general economic conditions in the world or in a major region, such
as changes in population growth rates, periods of civil unrest, government austerity programs, or currency exchange rate
fluctuations, can also impact the demand for energy and petrochemicals. Sovereign debt downgrades, defaults, inability to access
debt markets due to credit or legal constraints, liquidity crises, the breakup or restructuring of fiscal, monetary, or political systems
such as the European Union, and other events or conditions that impair the functioning of financial markets and institutions also
pose risks to ExxonMobil, including risks to the safety of our financial assets and to the ability of our partners and customers to
fulfill their commitments to ExxonMobil.

Other demand-related factors. Other factors that may affect the demand for oil, gas, and petrochemicals, and therefore impact
our results, include technological improvements in energy efficiency; seasonal weather patterns, which affect the demand for energy
associated with heating and cooling; increased competitiveness of alternative energy sources that have so far generally not been
competitive with oil and gas without the benefit of government subsidies or mandates; changes in technology or consumer
preferences that alter fuel choices, such as technological advances in energy storage that make wind and solar more competitive for
power generation or increased consumer demand for alternative fueled or electric vehicles; and broad-based changes in personal
income levels.

Other supply-related factors. Commodity prices and margins also vary depending on a number of factors affecting supply. For
example, increased supply from the development of new oil and gas supply sources and technologies to enhance recovery from
existing sources tend to reduce commodity prices to the extent such supply increases are not offset by commensurate growth in
demand. Similarly, increases in industry refining or petrochemical manufacturing capacity relative to demand tend to reduce
margins on the affected products. World oil, gas, and petrochemical supply levels can also be affected by factors that reduce
available supplies, such as adherence by member countries to OPEC production quotas and the occurrence of wars, hostile actions,
natural disasters, disruptions in competitors’ operations, or unexpected unavailability of distribution channels that may disrupt
supplies. Technological change can also alter the relative costs for competitors to find, produce, and refine oil and gas and to
manufacture petrochemicals.

Other market factors. ExxonMobil’s business results are also exposed to potential negative impacts due to changes in interest
rates, inflation, currency exchange rates, and other local or regional market conditions.

Government and Political Factors

ExxonMobil’s results can be adversely affected by political or regulatory developments affecting our operations.

Access limitations. A number of countries limit access to their oil and gas resources, or may place resources off-limits from
development altogether. Restrictions on foreign investment in the oil and gas sector tend to increase in times of high commodity
prices, when national governments may have less need of outside sources of private capital. Many countries also restrict the import
or export of certain products based on point of origin.

Restrictions on doing business. ExxonMobil is subject to laws and sanctions imposed by the United States or by other jurisdictions
where we do business that may prohibit ExxonMobil or certain of its affiliates from doing business in certain countries, or restricting
the kind of business that may be conducted. Such restrictions may provide a competitive advantage to competitors who may not be
subject to comparable restrictions.

Lack of legal certainty. Some countries in which we do business lack well-developed legal systems, or have not yet adopted, or
may be unable to maintain, clear regulatory frameworks for oil and gas development. Lack of legal certainty exposes our operations
to increased risk of adverse or unpredictable actions by government officials, and also makes it more difficult for us to enforce our
contracts. In some cases these risks can be partially offset by agreements to arbitrate disputes in an international forum, but the
adequacy of this remedy may still depend on the local legal system to enforce an award.

3

Regulatory and litigation risks. Even in countries with well-developed legal systems where ExxonMobil does business, we remain
exposed to changes in law (including changes that result from international treaties and accords) that could adversely affect our
results, such as:

 increases in taxes, duties, or government royalty rates (including retroactive claims);
 price controls;
 changes in environmental regulations or other laws that increase our cost of compliance or reduce or delay available business

opportunities (including changes in laws related to offshore drilling operations, water use, methane emissions, or hydraulic
fracturing);

 adoption of regulations mandating efficiency standards, the use of alternative fuels or uncompetitive fuel components;
 adoption of government payment transparency regulations that could require us to disclose competitively sensitive

commercial information, or that could cause us to violate the non-disclosure laws of other countries; and
 government actions to cancel contracts, re-denominate the official currency, renounce or default on obligations, renegotiate

terms unilaterally, or expropriate assets.

Legal remedies available to compensate us for expropriation or other takings may be inadequate.

We also may be adversely affected by the outcome of litigation, especially in countries such as the United States in which very
large and unpredictable punitive damage awards may occur, or by government enforcement proceedings alleging non-compliance
with applicable laws or regulations.

Security concerns. Successful operation of particular facilities or projects may be disrupted by civil unrest, acts of sabotage or
terrorism, cybersecurity attacks, and other local security concerns. Such concerns may require us to incur greater costs for security
or to shut down operations for a period of time.

Climate change and greenhouse gas restrictions. Due to concern over the risks of climate change, a number of countries have
adopted, or are considering the adoption of, regulatory frameworks to reduce greenhouse gas emissions. These include adoption of
cap and trade regimes, carbon taxes, restrictive permitting, increased efficiency standards, and incentives or mandates for renewable
energy. These requirements could make our products more expensive, lengthen project implementation times, and reduce demand
for hydrocarbons, as well as shift hydrocarbon demand toward relatively lower-carbon sources such as natural gas. Current and
pending greenhouse gas regulations or policies may also increase our compliance costs, such as for monitoring or sequestering
emissions.

Government sponsorship of alternative energy. Many governments are providing tax advantages and other subsidies to support
alternative energy sources or are mandating the use of specific fuels or technologies. Governments and others are also promoting
research into new technologies to reduce the cost and increase the scalability of alternative energy sources. We are conducting our
own research both in-house and by working with more than 80 leading universities around the world, including the Massachusetts
Institute of Technology, Princeton University, the University of Texas, and Stanford University. Our research projects focus on
developing algae-based biofuels, carbon capture and storage, breakthrough energy efficiency processes, advanced energy-saving
materials, and other technologies. For example, ExxonMobil is working with Fuel Cell Energy Inc. to explore using carbonate fuel
cells to economically capture CO2 emissions from gas-fired power plants. Our future results may depend in part on the success of
our research efforts and on our ability to adapt and apply the strengths of our current business model to providing the energy
products of the future in a cost-competitive manner. See “Operational and Other Factors” below.

Operational and Other Factors

In addition to external economic and political factors, our future business results also depend on our ability to manage successfully
those factors that are at least in part within our control. The extent to which we manage these factors will impact our performance
relative to competition. For projects in which we are not the operator, we depend on the management effectiveness of one or more
co-venturers whom we do not control.

Exploration and development program. Our ability to maintain and grow our oil and gas production depends on the success of
our exploration and development efforts. Among other factors, we must continuously improve our ability to identify the most
promising resource prospects and apply our project management expertise to bring discovered resources on line as scheduled and
within budget.

Project and portfolio management. The long-term success of ExxonMobil’s Upstream, Downstream, and Chemical businesses
depends on complex, long-term, capital intensive projects. These projects in turn require a high degree of project management
expertise to maximize efficiency. Specific factors that can affect the performance of major projects include our ability to: negotiate
successfully with joint venturers, partners, governments, suppliers, customers, or others; model and optimize reservoir performance;
develop markets for project outputs, whether through long-term contracts or the development of effective spot markets; manage
changes in operating conditions and costs, including costs of third party equipment or services such as drilling rigs and shipping;
prevent, to the extent possible, and respond effectively to unforeseen technical difficulties that could delay project startup or cause
unscheduled project downtime; and influence the performance of project operators where ExxonMobil does not perform that role.
In addition to the effective management of individual projects, ExxonMobil’s success, including our ability to mitigate risk and

4

provide attractive returns to shareholders, depends on our ability to successfully manage our overall portfolio, including
diversification among types and locations of our projects.

The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same meaning
as in any government payment transparency reports.

Operational efficiency. An important component of ExxonMobil’s competitive performance, especially given the
commodity-based nature of many of our businesses, is our ability to operate efficiently, including our ability to manage expenses
and improve production yields on an ongoing basis. This requires continuous management focus, including technology
improvements, cost control, productivity enhancements, regular reappraisal of our asset portfolio, and the recruitment, development,
and retention of high caliber employees.

Research and development. To maintain our competitive position, especially in light of the technological nature of our businesses
and the need for continuous efficiency improvement, ExxonMobil’s research and development organizations must be successful
and able to adapt to a changing market and policy environment, including developing technologies to help reduce greenhouse gas
emissions.

Safety, business controls, and environmental risk management. Our results depend on management’s ability to minimize the
inherent risks of oil, gas, and petrochemical operations, to control effectively our business activities, and to minimize the potential
for human error. We apply rigorous management systems and continuous focus to workplace safety and to avoiding spills or other
adverse environmental events. For example, we work to minimize spills through a combined program of effective operations
integrity management, ongoing upgrades, key equipment replacements, and comprehensive inspection and surveillance. Similarly,
we are implementing cost-effective new technologies and adopting new operating practices to reduce air emissions, not only in
response to government requirements but also to address community priorities. We also maintain a disciplined framework of
internal controls and apply a controls management system for monitoring compliance with this framework. Substantial liabilities
and other adverse impacts could result if our management systems and controls do not function as intended.

Cybersecurity. ExxonMobil is regularly subject to attempted cybersecurity disruptions from a variety of threat actors. If our
systems for protecting against cybersecurity disruptions prove to be insufficient, ExxonMobil as well as our customers, employees,
or third parties could be adversely affected. Such cybersecurity disruptions could cause physical harm to people or the environment;
damage or destroy assets; compromise business systems; result in proprietary information being altered, lost, or stolen; result in
employee, customer, or third-party information being compromised; or otherwise disrupt our business operations. We could incur
significant costs to remedy the effects of such a cybersecurity disruption as well as in connection with resulting regulatory actions
and litigation.

Preparedness. Our operations may be disrupted by severe weather events, natural disasters, human error, and similar events. For
example, hurricanes may damage our offshore production facilities or coastal refining and petrochemical plants in vulnerable areas.
Our facilities are designed, constructed, and operated to withstand a variety of extreme climatic and other conditions, with safety
factors built in to cover a number of engineering uncertainties, including those associated with wave, wind, and current intensity,
marine ice flow patterns, permafrost stability, storm surge magnitude, temperature extremes, extreme rain fall events, and
earthquakes. Our consideration of changing weather conditions and inclusion of safety factors in design covers the engineering
uncertainties that climate change and other events may potentially introduce. Our ability to mitigate the adverse impacts of these
events depends in part upon the effectiveness of our robust facility engineering as well as our rigorous disaster preparedness and
response and business continuity planning.

Insurance limitations. The ability of the Corporation to insure against many of the risks it faces as described in this Item 1A is
limited by the capacity of the applicable insurance markets, which may not be sufficient.

Competition. As noted in Item 1 above, the energy and petrochemical industries are highly competitive. We face competition not
only from other private firms, but also from state-owned companies that are increasingly competing for opportunities outside of
their home countries. In some cases, these state-owned companies may pursue opportunities in furtherance of strategic objectives
of their government owners, with less focus on financial returns than companies owned by private shareholders, such as
ExxonMobil. Technology and expertise provided by industry service companies may also enhance the competitiveness of firms
that may not have the internal resources and capabilities of ExxonMobil.

Reputation. Our reputation is an important corporate asset. An operating incident, significant cybersecurity disruption, or other
adverse event such as those described in this Item 1A may have a negative impact on our reputation, which in turn could make it
more difficult for us to compete successfully for new opportunities, obtain necessary regulatory approvals, or could reduce
consumer demand for our branded products.

Projections, estimates, and descriptions of ExxonMobil’s plans and objectives included or incorporated in Items 1, 1A, 2, 7 and 7A
of this report are forward-looking statements. Actual future results, including project completion dates, production rates, capital
expenditures, costs, and business plans could differ materially due to, among other things, the factors discussed above and …