Refined Product Markets Refined Product Markets - Center for ...

Refined Product MarketsTrends and ImpactsBruce MarchLouisiana Center for Energy StudiesOctober 22, 2004• Taking on the world’s toughest energychallenges.This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differmaterially 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.

Global Energy Summary• Economic growth generates increased demand forenergy• Supporting demand growth requires acceleratedefficiency plans• Providing timely, adequate supplies is large-scale,long-term challenge• Application of new technology is best way tomeet challenges• Diversity of energy mix is increasing• Economic growth compromised if supply ordemand challenges not met

Oil Demand Growth OutlookSector Summary(Growth Rate - %/yr)Region Summary / GrowthMBDChina (~ 5%)90Power (0.3%)60Industrial (1.7%)ROW (~ 2.5%)N.A. (~ 1%)W.E. (< 1%)30Transportation (1.9%)Japan (~ 0%)Res/Comm (1.1%)2003 Demand (‘00-’20 Annual Growth)'80 '00 '20

U.S. Motor Gasoline Supply and DemandConsumption (Mbbl/d)1098US Motor Gasoline SupplySource: DOE Energy Information Administration1.41.00.6Imports (Mbbl/d)•Gasoline DemandMaintaining SteadyGrowth•Increased DemandPartially Offset byHigher Import Rates70.2'97 '98 '99 '00 '01 '02 '032000-2003 Motor Gasoline• US Demand Increase -- 0.58 MB/D• Imports Increase -- 0.35 MB/D

Investment focused on Environmental ImprovementsRe-invest $50-100M/year locally tostay competitive and meetregulatory requirementsAlso investing in special, localprojects likeLow Sulfur Mogas,Ultra-Low Sulfur Diesel andUltra-Low Sulfur Off-Road Diesel.

U.S. Gasoline Requirements

Refined Product MarketsTrends and OverviewBruce MarchLouisiana Center for Energy StudiesOctober 22, 2004• Taking on the world’s toughest energychallenges.This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differmaterially 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.