• Exxon Mobil is one of the largest integrated energy companies globally, with operations spanning upstream (exploration & production), downstream/refining, chemicals, and newer “low carbon / energy transition” ventures.

• One of Exxon’s strategic pillars is improving capital efficiency and shifting more of its output toward “advantaged assets” (i.e. lower cost, higher margin regions/projects).

• The company is also pursuing cost structure optimization and operational discipline, along with selective investments in lower carbon technologies (carbon capture, hydrogen, etc.).

Exxon signals that its 2025 project start-ups are expected to add ~$3 billion of earnings in 2026 (on a constant price/margin basis).

10/3/2025 07:58EST (Last Price 111.31): Favouring that wave  ((b)) is complete and we are focusing on wave c to complete the flat structure for wave 4.