Company report
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26 Pages

ExxonMobil corporate report


ExxonMobil corporate report

Report summary

ExxonMobil's strategy will continue to be guided by long-term fundamentals; there will be no radical change to its investment approach in response to price weakness. On the contrary, the down cycle plays to the Supermajor's counter-cyclical strengths, presenting an opportunity to add new growth platforms at attractive prices.

What's included?

This report includes 2 file(s)

  • ExxonMobil corporate report PDF - 2.37 MB 26 Pages, 9 Tables, 32 Figures
  • ExxonMobil Corporate Report.xls XLS - 4.04 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Recent strategic moves
    • Current strategic positioning
    • Strategic priorities
      • 1. Defending ROACE leadership through strict capital discipline
      • 2. Developing the unconventional business
      • 3. Firming up the next generation of major growth projects
      • 4. Bottom-of-the-cycle M&A
      • 5. Revitalising the exploration programme
      • 6. Refreshing the resource capture strategy
  • Financial health
  • Investment
    • Legacy assets
    • Development pipeline
      • Assets under development
      • Yet-to-be sanctioned projects
      • Onshore North American investment
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Key success factors
  • Economic assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions

In this report there are 41 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Strategy
    • Benchmarking: share price performance
    • Benchmarking: market premium / discount to WM upstream NPV,10
    • Strategic fit of upstream regions
    • Strategy: Image 4
    • Strategy: Image 5
    • XOM's breakdown of development spend
    • Benchmarking: capital investment (2016 to 2020)
    • Benchmarking: production CAGR
    • Benchmarking: decline rate from producing fields and assets under development (2020 to 2030)
    • Strategy: Image 10
    • Development spend intensity (per unit of production)
    • Strategy: Table 1
    • Overall production from NA tight oil assets
    • Yet-to-drill NA onshore liquids reserves by breakeven price
    • Production from NA unconventional gas assets
    • Yet-to-drill NA onshore gas reserves by breakeven price
    • Gas supply into LNG projects
    • NPV,12 breakeven prices for pre-FID projects
    • Top ranking players in deepwater, LNG and tight oil by NPV,10
    • Net conventional acreage additions (Jan 15 to Mar 16)
    • Net deepwater acreage breakdown
  • Financial health
    • Cash flow breakevens
    • Benchmarking: cash flow breakevens (2016 to 2017)
    • Net debt outlook
    • Upstream cash flow outlook
  • Investment
    • Development investment (2015 to 2020)
    • Top ten pre-FID projects by projected capex (to 2030)
  • Resources, reserves and production
    • Reserves and resource detail
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resource life
    • Production outlook
  • Key success factors
    • Top legacy assets by value
    • Key growth assets by value
  • Economic assumptions
    • Base price assumptions
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Economic assumptions: Table 4
    • Economic assumptions: Table 5
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