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Slide1: 

Current Energy Market Drivers & Impact on Hydrocarbon Chemical Prices Chemical Producers and Distributors Association July 26, 2005 Terence J. Brennan ExxonMobil Chemical Company 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.

Slide2: 

Near Term Energy Market Drivers

Crude Price Trend: 

Crude Price Trend Data Source: Platts

2004 Demand Growth Highest in Over 20 Years: 

2004 Demand Growth Highest in Over 20 Years Data Source: International Energy Agency (IEA) Year-on-Year Global Oil Demand Growth MBD 2005Outlook (IEA)

Little Spare Crude Production Capacity: 

Little Spare Crude Production Capacity U.S. DOE Outlook 2005

World Oil Inventories: 

World Oil Inventories Data Source: International Energy Agency(IEA) OECD: Organization of Economic Cooperation and Development

North American Natural Gas Price Trend: 

North American Natural Gas Price Trend Data Source: Platts

NA Gas Price Supported by Higher Crude: 

NA Gas Price Supported by Higher Crude Data Source: Platts

U.S. Demand Outpacing Domestic Supply: 

U.S. Demand Outpacing Domestic Supply Data Source: US DOE Production Consumption

Near Term Energy Market Influences: 

Near Term Energy Market Influences Crude Demand growth driven by global economic recovery Little spare crude production capacity Reduced inventories Increased supply security concerns North American Natural Gas Demand growth driven by power sector Higher crude price raising cost of gas alternatives New increments of supply are higher cost

Slide11: 

Impact on Hydrocarbon Chemical Prices

Crude Price Trend: 

Crude Price Trend Data Source: Platts

US Gasoline Price Trend: 

US Gasoline Price Trend Gasoline -Crude Price Spread Gasoline WTI Crude Data Source: Platts

US Gasoline Price Trend: 

US Gasoline Price Trend Data Source: Platts

Aromatics: 

Aromatics Data Source: Chemical Market Associates, Inc (CMAI) Spot Mixed Xylenes Refiner’s Gasoline Blending Alternative

Propylene: 

Propylene Polymer Grade Propylene Refiner’s Gasoline Blending Alternative Via Alkylation Data Source: Chemical Market Associates, Inc (CMAI)

Chemical Feedstock Overview: 

Chemical Feedstock Overview Basic chemical prices generally trend with cost of supply Hydrocarbon feedstock is single largest cost component Hydrocarbon feedstock costs are linked to fuel product prices Normally purchased out of alternative fuel product dispositions Fuel product prices move with crude, from which they are produced Primary fuel product markets are large and fairly efficient Spot prices respond quickly to crude price movements Prices play critical role in balancing supply and demand Encourage new, higher cost tiers of supply Discourage lower value tiers of demand

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