Taking on the world’s toughest energy challenges.™

Bruce March

Louisiana Center for Energy Studies

October 22, 2004

Bruce March

Louisiana Center for Energy Studies

October 22, 2004

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 in Item 1 of ExxonMobil’s latest report on Form 10-K). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

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 in Item 1 of ExxonMobil’s latest report on Form 10-K). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

Refined Product MarketsTrends and Impacts Refined Product MarketsTrends and Impacts

Global Energy SummaryGlobal Energy Summary

• Economic growth generates increased demand for energy

• Supporting demand growth requires accelerated efficiency plans

• Providing timely, adequate supplies is large-scale, long-term challenge

• Economic growth compromised if supply or demand challenges not met

• Application of new technology is best way to meet challenges

• Diversity of energy mix is increasing

0.0

0.3

0.6

0.9

1.2

1980 1990 2000 2010 2020

0

10

20

30

40

50

60

1980 1990 2000 2010 2020

0

50

100

150

200

250

300

350

1980 1990 2000 2010 2020

1.51.5

1.11.1

2.42.4

1.61.6

1.01.0

0.40.4

2.02.0

1414

1010

1.31.3

3.13.1

2.32.3

1.01.0

1.81.8

6.66.6

2.62.6

Oil & Gas Remain Primary Energy SourcesOil & Gas Remain Primary Energy Sources

Total Energy Other Energy Wind & Solar

HydroHydro

NuclearNuclear

Biomass,MSW

Biomass,MSW

Wind & SolarWind & Solar

OilOil

GasGas

CoalCoal

OtherOther

Growth Rate 2000-2020, %Growth Rate

2000-2020, %

SolarSolar

WindWind

MBDOE MBDOE MBDOE

Growth Rate 1980-2000, %Growth Rate

1980-2000, %

1.71.7 1.71.7

Oil Demand Growth OutlookOil Demand Growth Outlook

30

60

90

'80 '00 '20

Sector Summary(Growth Rate - %/yr)

Region Summary / Growth

N.A. (~ 1%)ROW (~ 2.5%)

China (~ 5%)

W.E. (< 1%)W.E. (< 1%)

Japan (~ 0%)

2003 Demand (‘00-’20 Annual Growth)

MBD

Power (0.3%)

Industrial (1.7%)

Res/Comm (1.1%)

Transportation (1.9%)

U.S. Motor Gasoline Supply and Demand U.S. Motor Gasoline Supply and Demand

Source: DOE Energy Information Administration

US Motor Gasoline Supply

7

8

9

10

'97 '98 '99 '00 '01 '02 '03

Co

ns

um

pti

on

(M

bb

l/d

)

0.2

0.6

1.0

1.4

Im

po

rts

(M

bb

l/d

)2000-2003 Motor Gasoline• US Demand Increase -- 0.58 MB/D• Imports Increase -- 0.35 MB/D

•Gasoline Demand Maintaining Steady Growth

•Increased Demand Partially Offset by Higher Import Rates

Investment focused on Environmental ImprovementsInvestment focused on Environmental Improvements

Re-invest $50-100M/year locally to stay competitive and meet regulatory requirements

Also investing in special, localprojects like

Low Sulfur Mogas,

Ultra-Low Sulfur Diesel and

Ultra-Low Sulfur Off-Road Diesel.

U.S. Gasoline Requirements U.S. Gasoline Requirements

Taking on the world’s toughest energy challenges.™

Bruce March

Louisiana Center for Energy Studies

October 22, 2004

Bruce March

Louisiana Center for Energy Studies

October 22, 2004

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 in Item 1 of ExxonMobil’s latest report on Form 10-K). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

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 in Item 1 of ExxonMobil’s latest report on Form 10-K). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

Refined Product MarketsTrends and Overview Refined Product MarketsTrends and Overview