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discussed herein (and in Item 1A of ExxonMobil’s latest report on Form 10-K or information set forth under “factors affecting future results” on the “investors” page of our website at www.exxonmobil.com).

Legislation & Application Trends Impacting Africa Base Oil Requirements

November 6, 2019

The 8th African Base Oils & Lubricants Conference

Rakesh Vyas - Market Development Advisor

Najib Aragrag - Technical Advisor

ExxonMobil Basestocks & Specialties

‹#›

SOURCE: EXXONMOBIL 2019 OUTLOOK FOR ENERGY

Africa growth outpaces rest of the world

Global - Indexed to 2017

+1.6 billionpeople

+71 trillionGDP

+20%energy demand

2017 2040

Africa Indexed to 2017

2017 2040

+850 millionpeople

+3.5 trillionGDP

+70%energy demand

Imported used vehicles will bridge the car ownership gap

Light Duty

Aviation

Heavy Duty

Marine

Rail

Transportation Demand

MBDOE

2000 2020 2040

• Increased motorization rates

• Auto lube demand to rise

• Growing used vehicle imports

• Increased legislation to control quality of imported used vehicles

SOURCE: EXXONMOBIL 2019 OUTLOOK FOR ENERGY

Mixed import legislation driving mixed fleet by age

4

13 Countries have bans on used vehicle imports (age caps ranging between 6-12 years**)

Countries ban used vehicle imports completely*

10 Countries have bans on used vehicle imports (age caps ranging between 3-5 years**)

* Egypt allows used electric vehicle imports. Algeria allows non-individual importers

** Or have high taxation/penalties

Map is approximate depiction only

27 Countries have no regulation in place

Used Vehicle Import legislation will impact a countries ability to meet their emission standard commitments

SOURCE: UNITED NATIONS USED VEHICLES REPORT 2017

Algeria

Libya

Algeria

Libya

Africa is rapidly progressing towards cleaner fuel SOURCE: EXXONMOBIL ASSESSMENT OF PUBLICLY AVAILABLE INFORMATION

92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

2000 ppm 500 ppm 350 ppm 50 ppm 10 ppmDiesel Fuel

Sulfur Limit

Euro I

Euro I

AFRICA

EUROPE

Euro II

Euro II

Euro III

Euro III Euro IV Euro V Euro VI

<10 ppm

Euro VII

Euro IV/ V

92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

2000 ppm 500 ppm 350 ppm 50 ppm 10 ppmFuel SulfurLimit

Euro I Euro II Euro III Euro IV Euro V Euro VI<10 ppm

Euro VII

API CF-4API CG-4

API CH-4API CI-4

API CJ-4API CK-4/ FA-4

API SHAPI SJ

API SLAPI SM

API SN/ SN Plus

The oil categories in Africa are evolvingSOURCE: EXXONMOBIL ASSESSMENT OF PUBLICLY AVAILABLE INFORMATION

Oil category introduction year

Backward compatible

Oil categories in Africa

Africa still use monograde oils, multigrades are quickly growingSOURCE: EXXONMOBIL ASSESSMENT OF PUBLICLY AVAILABLE INFORMATION

PCEO HDEO

South Africa – Industrial makes up 45% lube demand driving Group I use

Nigeria – Generator powered economy driving monograde use

Egypt & Algeria – High Sulphur fuel & old car park driving monograde use

Africa technical requirements are met by Group I & II

LN Capability

Solvency

HN Capability

Ox. Stability

Volatility

Low Temp

GP IGP II

SOURCE: EXXONMOBIL ASSESSMENT OF PUBLICLY AVAILABLE INFORMATION

Group I growing in Africa while group II gaining ground

SOURCE: EXXONMOBIL ASSESSMENT OF PUBLICLY AVAILABLE INFORMATION

Africa DemandGlobal (excl. Africa) Demand

Gr I

Gr I-IV

CORE™ Group I

EHC™ Group II

BaytownBaton Rouge

Rotterdam GravenchonFawleyAugusta (*)

Singapore(Jurong, PAC)Wakayama (*)

25 supply locations worldwide

8 manufacturing sites, 5 distributors, 12 terminals

(*) Not ExxonMobil owned; multi-year agreement in place

Zestcor (Durban)

• Energy efficiency & fuel economy

• Reduce emissions & longer oil life

• Cost competitive blending

• Compatible with wider range of fuels

• Quality assurance

• Support to Group II transition

• Continued Group I availability

ExxonMobil is committed to:• Long term, quality Group I & II supply

• Meet distinct needs of blenders in Africa

Africa growth drives distinct base stock requirements