Exxon Mobil Corp

ExxonMobil has a rigorous process to determine which public policy issues are of most importance to the Corporation. This process includes soliciting input from internal businesses, such as low carbon solutions, product solutions, and upstream, as well as corporate departments including human resources, tax, and public and government affairs. We also engage with a wide range of third parties – both individuals and organizations – to ensure external perspectives are fully considered and taken into account. ExxonMobil's Vice President for Public and Government Affairs, who reports directly to the Chief Executive Officer, is responsible for the stewardship of identified key public policy issues which guide the company's lobbying efforts and political contributions. Lobbying and political engagement are included as part of the Board of Director's stewardship of the company's enterprise-risk framework. Each year, the Vice President for Public and Government Affairs presents the company's political contributions, lobbying activities and lobbying expenditures to the full Board, along with the Board's Environment, Safety and Public Policy Committee (formerly the Public Issues and Contributions Committee), which is comprised entirely of independent directors. The directors review the efforts, associated expenditures, and consistency with company positions. In addition, in-depth reviews of the company's priority issues are conducted by the Management Committee several times a year as part of the process. Lobbying is highly regulated in the United States. ExxonMobil fully complies with federal and state regulations by reporting its federal lobbying to the U.S. Congress and state-level lobbying to appropriate entities as required. The Board fully supports accountability, transparency, and the disclosure of lobbying activities and expenditures.

The Public Issues and Contributions Committee (PICC) oversees operational risks such as those relating to safety, security, health, lobbying activities and expenditures, and environmental performance, including actions taken to address climate-related risks. [...] The PICC uses this information, along with reports on safety and environmental activities of the operating functions, to provide recommendations to the full Board.

ExxonMobil has a rigorous process to determine which public policy issues are of most importance to the Corporation. This process includes soliciting input from internal business lines, low carbon solutions, upstream, and product solutions, as well as corporate departments including human resources, law, tax, and public and government affairs. We also engage with a wide range of third parties – both individuals and organizations – to ensure external perspectives are fully considered and taken into account. ExxonMobil's Vice President for Public and Government Affairs, who reports directly to the Chief Executive Officer, is responsible for the stewardship of identified key public policy issues, which guide the company's lobbying efforts and political contributions. [...] Lobbying and political engagement are included as part of the Board's stewardship of the company's enterprise-risk framework. Each year, the Vice President for Public and Government Affairs presents the company's political contributions, lobbying activities and lobbying expenditures to the full Board, along with the Board's Public Issues and Contributions Committee (PICC), which is comprised entirely of independent directors. The directors review the efforts and associated expenditures. In addition, in-depth reviews of the company's priority issues are conducted by the Management Committee several times a year as part of the process. [...] We regularly review our memberships for alignment on climate-related policy issues and other topics. Where misalignment exists, we will work within the organization to achieve alignment; where we fail to see sufficient alignment across critical issues, or where an organization is not committed to engaging constructively, we may choose to cease membership. [...] In assessing trade association memberships and any perceived policy misalignments, the company considers potential risks related to shareholder relations, legal, financial and corporate reputation. [...] Going forward, ExxonMobil will: Monitor internal developments and external statements to assess commitment to constructive engagement. Annually review and publicly report alignment classifications. Disclose when an organization is no longer determined a constructive participant in climate policy development and the resulting action taken.

ExxonMobil has a rigorous process to determine which public policy issues are important to the [company. This process includes soliciting input from internal business lines, Low Carbon Solutions,](https://lowcarbon.exxonmobil.com/) [Upstream, and Product Solutions (Downstream and Chemical), as well as corporate departments](https://corporate.exxonmobil.com/who-we-are/our-global-organization/business-divisions/upstream) including strategic planning, human resources, law, tax, and public and government affairs. We also engage with a wide range of third parties – both individuals and organizations – to ensure external perspectives are considered. ExxonMobil's Vice President for Public and Government Affairs, who reports directly to the Chief Executive Officer, is responsible for the stewardship of identified key public policy issues, which guide the company's lobbying efforts and political contributions. Lobbying and political engagement are included as part of the Board's stewardship of the company's enterprise-risk framework. Each year, the Vice President for Public and Government Affairs presents the company's political contributions, lobbying activities and lobbying expenditures to the full Board, along with the Board's Environment, Safety and Public Policy Committee, which is comprised entirely of independent directors. The directors review the efforts and associated expenditures. In addition, in-depth reviews of the company's priority issues are conducted with the Management Committee several times a year as part of the process. [...] ExxonMobil's participation often includes taking leadership positions on trade association boards, policy committees and technical work groups, which provide valuable opportunities to learn from others and share our positions and principles. It would be impractical to expect perfect alignment between ExxonMobil's policy positions and those of every trade association, and unreasonable to expect any single member of a given association to ensure that was the case. Yet, we consistently communicate our policy principles to the trade associations of which we are members. [...] We regularly review our memberships for alignment on climate-related policy issues and other topics. For those organizations deemed "partially aligned," we find that – on balance and based on a variety of areas of policy beyond climate-related issues – there are sufficient net positive benefits for ExxonMobil to maintain its membership at the time assessed. Where misalignment exists, we will work within the organization to achieve alignment and advance, to the extent possible, support for our energy transition priorities. Where we fail to see sufficient alignment across critical issues, or where an organization is not committed to engaging constructively, we may choose to cease membership. [...] In assessing trade association memberships and any perceived policy misalignments, the company considers potential risks related to shareholder relations, legal, financial and corporate reputation. While we reserve the right to initiate, sustain or withdraw support for an organization at any time, several principles guide our approach: - We believe our participation in trade associations enables us to effectively advocate for positions we support, share our views, learn from other companies, and influence trade association policy debates. - We do not expect nor require a third-party organization made up of dozens or even hundreds of members to perfectly align with our views at all times. - Our support does not constitute an endorsement of every policy position or point of view expressed by a recipient organization.

Our Board of Directors oversees and provides guidance on the company's strategy and planning, which includes opportunities and risks related to climate change and the energy transition. Directors engage with experts from inside and outside the company and apply their individual experience and perspective to guide the company's capital-allocation priorities, with a focus on growing shareholder value and playing a leading role in the energy transition. The independent lead director plays a key role in these shareholder engagements and, in consultation with the Chairman, develops Board meeting agendas. [...] The Environment, Safety and Public Policy Committee oversees operational risks associated with safety, security, health, and environmental performance including actions taken to address climate-related risks, lobbying activities and expenditures, and community engagement.

Esso regularly engages with interested federal and state government agencies so they are informed about the progress of decommissioning activities in Bass Strait. [...] Progress updates were provided on General Direction 817 during quarterly engagements with NOPSEMA. Additional meetings were held to discuss progress with the preparation of environment plans and to obtain and/or respond to any feedback provided by the Regulator. [...] Esso conducted several engagements with DCCEEW regarding Sea Dumping Permit applications related to Campaign #1 steel piled jackets, including the progress of applications for leaving sections of jackets in situ above and below the seabed. Esso also engaged with the National Offshore Petroleum Titles Administrator in October regarding variations required to licences during decommissioning and the process for surrender of titles post-decommissioning.

We regularly review market conditions, technological advancements, and policy changes to adjust our lobbying efforts accordingly. When deciding how and when to lobby on energy and environmental topics, ExxonMobil considers factors including cost-effectiveness, risk-benefit, competing policy priorities, and the company's overall business strategy.

ExxonMobil has a rigorous process to determine which public policy issues are important to the company. This process includes soliciting input from internal business lines, Low Carbon Solutions, Upstream, and Product Solutions (Downstream and Chemical), as well as corporate departments including strategic planning, human resources, law, tax, and public and government affairs. We also engage with a wide range of third parties – both individuals and organizations – to ensure external perspectives are considered. ExxonMobil's Vice President for Public and Government Affairs, who reports directly to the Chief Executive Officer, is responsible for the stewardship of identified key public policy issues, which guide the company's lobbying efforts and political contributions. [...] Lobbying and political engagement are included as part of the Board's stewardship of the company's enterprise-risk framework. Each year, the Vice President for Public and Government Affairs presents the company's political contributions, lobbying activities and lobbying expenditures to the full Board, along with the Board's Environment, Safety and Public Policy Committee, which is comprised entirely of independent directors. The directors review the efforts and associated expenditures. In addition, in-depth reviews of the company's priority issues are conducted with the Management Committee several times a year as part of the process. [...] This report provides additional detail of our direct and indirect climate-related lobbying activities at the federal, state and local level, as well as our grassroots lobbying communications. In addition, the report provides all lobbying expenses that have been reported to us by all 501(c)(6) and 501(c)(4) organizations that we support. This includes more than 100 organizations and 100% of the lobbying expenses incurred, as well as the issues lobbied. [...] It also provides an assessment of ExxonMobil and its affiliates' climate-related lobbying activities in relevant trade associations for calendar year 2023. Our assessment identifies organizations that are active and potentially influential in the discussion and development of climate policy. It is our expectation that each of these organizations are constructive participants in the discussion and development of climate policy that aims to ensure energy security and helps society reduce greenhouse gas emissions.

ExxonMobil has a rigorous process to determine which public policy issues are of most importance to the company. This process includes soliciting input from internal business lines, Low Carbon Solutions, Upstream, and Product Solutions, as well as corporate departments including strategic planning, human resources, law, tax, and public and government affairs. We also engage with a wide range of third parties – both individuals and organizations – to ensure external perspectives are considered. ExxonMobil's Vice President for Public and Government Affairs, who reports directly to the Chief Executive Officer, is responsible for the stewardship of identified key public policy issues, which guide the company's lobbying efforts and political contributions. [...] Lobbying and political engagement are included as part of the Board's stewardship of the company's enterprise-risk framework. Each year, the Vice President for Public and Government Affairs presents the company's political contributions, lobbying activities and lobbying expenditures to the full Board, along with the Board's Environment, Safety and Public Policy Committee [formerly called the Public Issues and Contributions Committee (PICC)], which is comprised entirely of independent directors. The directors review the efforts and associated expenditures. In addition, in-depth reviews of the company's priority issues are conducted with the Management Committee several times a year as part of the process. [...] We regularly review our memberships for alignment on climate-related policy issues and other topics. Where misalignment exists, we will work within the organization to achieve alignment; where we fail to see sufficient alignment across critical issues, or where an organization is not committed to engaging constructively, we may choose to cease membership.

The Board and its committees review: * Long-term strategic plans. * Stewardship of business performance. * Litigation and other legal matters. * Political contributions, budget and policy. * Lobbying costs. * Developments in climate science and policy. * World energy supply and demand to 2050. * Approach to help reduce greenhouse gas emissions in support of ExxonMobil's emission-reduction plans and its net-zero ambition. [...] * **The Environment, Safety, and Public Policy Committee** oversees operational risks associated with safety, security, health, and environmental performance including actions taken to address climate-related risks, lobbying activities and expenditures, and community engagement.

ExxonMobil provides support to a variety of trade associations, think tanks, and coalitions to promote informed dialogue and sound public policy in areas relevant to the Corporation's interests and operations. A portion of the support provided to these organizations may be used by the organizations for lobbying. [...] Below is a list of all U.S.-based organizations that reported a percentage of the 2023 funding they received from ExxonMobil (Corporation or affiliates) as a lobbying expense. The expenditures listed for each organization below include federal, state, local and grassroots lobbying expenses and exceeds the specific disclosure requirements of the Lobbying Disclosure Act. As a result, the amounts reported below will exceed other legal disclosures made by the Company.

Trade associations

ExxonMobil provides support for a variety of trade associations, think tanks and coalitions to promote informed dialogue and sound public policy in areas relevant to the company's interests and operations. These areas include a wide range of topics, among them: corporate governance, environment (including climate change), education, economic development, fiscal policy, international trade, labor/pension matters, civil justice reform, public health, regulatory issues, sustainability and workplace safety.

While some trade associations participate in the development of public policy, the majority of trade associations are focused on other industry-specific issues, including developing and implementing safety standards, sharing best practices, and professional development.

ExxonMobil's participation often includes taking leadership positions on trade association boards, policy committees and technical work groups, which provide valuable opportunities to learn from others and share our positions and principles. We consistently communicate our policy principles to the trade associations of which we are members. While it would be impractical to expect perfect alignment between ExxonMobil's policy positions and those of every trade association, and unreasonable to expect any single member of a given association to ensure that was the case, we strongly encourage our trade associations to support initiatives that we believe in, including the goals of the Paris Agreement and support for cost-effective, technology-neutral emission-reduction policies that will help society achieve a net-zero future.

It is important to note that there may be occasions where trade associations we support oppose proposed climate-related legislation, regulation, or other public policy initiatives. This may be due to disagreement on a specific element of the policy approach, rather than disagreement on the fundamental need to address climate change and society's ambition to achieve a net-zero future. We therefore do not regard these situations necessarily as misalignment if the organization supports the need for action on this critical societal issue. The organization may simply prefer an alternative approach for valid reasons such as cost-effectiveness.

In assessing trade association memberships and any perceived policy misalignments, the company considers potential risks related to shareholder relations, legal, financial and corporate reputation. While we reserve the right to initiate, sustain or withdraw support for an organization at any time, several principles guide our approach:

We believe our participation in trade associations enables us to effectively advocate for positions we support, share our views, learn from other companies, and influence trade association policy debates.
We do not expect that a third-party organization made up of dozens or even hundreds of members will be perfectly aligned with our views on all topics at all times.
Our support does not constitute an endorsement of every policy position or point of view expressed by a recipient organization.
We regularly review our memberships for alignment on climate-related policy issues and other topics. Where misalignment exists, we will work within the organization to achieve alignment; where we fail to see sufficient alignment across critical issues, or where an organization is not committed to engaging constructively, we may choose to cease membership.

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