Exxon Mobil Files Form 8-K Reporting No Material Events
Spring, TX – April 3, 2025 – Exxon Mobil Corporation (NYSE: XOM) filed a Current Report on Form 8-K with the Securities and Exchange Commission, dated April 3, 2025. The filing did not announce any specific material corporate events but served as a general update for regulatory compliance purposes.

The report includes standard disclosures about the company’s incorporation (New Jersey), principal executive offices at 22777 Springwoods Village Parkway, Spring, Texas, and listed securities on the New York Stock Exchange, including:

Common Stock (Ticker: XOM)

0.524% Notes due 2028 (XOM28)

0.835% Notes due 2032 (XOM32)

1.408% Notes due 2039 (XOM39A)

ExxonMobil Announces Retirement of Executive Karen T. McKee

Exxon Mobil Corporation reported on April 2, 2025, that Karen T. McKee, president of ExxonMobil Product Solutions Company and vice president of the Corporation, will retire effective May 1, 2025. McKee, a named executive officer of the company, has held a significant leadership role in ExxonMobil's downstream and chemical operations. Her retirement marks the end of a long and distinguished career at the company.

ExxonMobil Announces Leadership Transition as Karen McKee Retires

ExxonMobil has announced that Karen T. McKee, President of ExxonMobil Product Solutions Company and Vice President of Exxon Mobil Corporation, will retire on May 1, 2025, after 34 years with the company. She is recognized for her significant contributions across ExxonMobil’s Downstream and Chemical businesses.

Matt Crocker, currently President of Global Business Solutions, has been appointed to succeed McKee as President of ExxonMobil Product Solutions Company and Vice President of the Corporation. Crocker, who joined ExxonMobil in 1995, has held senior roles across Low Carbon Solutions, Product Solutions, and Upstream divisions, with operational experience in locations such as Baytown, Baton Rouge, and the UK’s Fawley Refinery.

The leadership change reflects ExxonMobil’s ongoing commitment to operational excellence and strategic growth across its core business segments, including energy, chemicals, lubricants, and lower-emission technologies.

### ExxonMobil 2024 Financial Results Overview

ExxonMobil reported strong financial performance in 2024, achieving its third-best earnings in a decade with $33.7 billion in net income and $55.0 billion in cash flow from operations. The company also distributed $36.0 billion to shareholders, ranking among the top S&P 500 firms in shareholder returns.

#### Key Financial Highlights:
- 4Q24 earnings: $7.6 billion ($1.72 per share), down from $8.6 billion in 3Q24.
- Full-year 2024 earnings: $33.7 billion ($7.84 per share), compared to $36.0 billion ($8.89 per share) in 2023.
- Capital and exploration expenditures: $27.6 billion, up from $26.3 billion in 2023.
- Free cash flow: $34.4 billion.
- Return on capital employed: 12.7% for 2024, leading the industry.

#### Operational Achievements:
- Record oil production from the Permian Basin and Guyana, contributing to 4.3 million oil-equivalent barrels per day—the highest in over ten years.
- Energy Products: Earnings fell to $4.0 billion from $12.1 billion due to declining industry refining margins.
- Chemical Products: Earnings increased to $2.6 billion, benefiting from lower ethane costs and record high-value product sales.
- Specialty Products: Earnings grew to $3.1 billion, supported by higher lubricant and basestock margins.

#### Cost Savings and Shareholder Returns:
- Achieved $12.1 billion in structural cost savings since 2019, surpassing inflation and growth-related costs.
- $16.7 billion in dividends paid, with a 42-year consecutive annual dividend increase.
- Repurchased $19.3 billion in shares, with a plan to extend the $20 billion annual share repurchase program through 2026.

#### CEO Outlook:
Darren Woods emphasized ExxonMobil’s strong financial and operational execution, industry-leading returns on capital, and continued investment in growth and efficiency. He highlighted the company's long-term investment strategy, which positions ExxonMobil for sustained profitability and cash flow generation well beyond 2030.

The company remains focused on cost discipline, strategic investments, and maintaining industry leadership despite challenges such as geopolitical risks, fluctuating market conditions, and regulatory changes.

ExxonMobil will release its fourth quarter 2024 financial results on Friday, January 31, 2025, at 5:30 a.m. CT via a press release on its investor website. A live conference call to review the results, led by CEO Darren Woods, CFO Kathy Mikells, and Vice President Jim Chapman, will follow at 8:30 a.m. CT, accessible via webcast or phone using passcode 8807853. An archived replay and supplemental financial data will also be available on the company’s investor website.