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Home , ExxonMobil, Petrobras, YPF

June 2015 SPE New Players ExxonMobil Exploration

Daniel De Nigris, Lead Country Manager Ricardo Livieres, Gerente de Operaciones

This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and ) 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 1A of ExxonMobil’s latest report on Form 10-K or information set forth under "factors affecting future results" on the "investors" page of our website at www..com). This material is not to be reproduced without the permission of Corporation. Agenda

• Introduction • ExxonMobil: Who We Are; What We Do • Upstream Ventures, Exploration • Unconventional Opportunities • Transition to XTO • Community Engagement • Summary

This is ExxonMobil Who we are What we do

ExxonMobil has a more than 130-year history

This is ExxonMobil 4 An industry leader in core businesses

• Three main businesses – Upstream – Downstream – Chemical

• Presence on six continents and in 47 countries

• More than 77,000 employees

This is ExxonMobil 5

Industry- Leading Technologies

Advanced seismic imaging technology

Cutting-edge seismic technology platform and high performance computers establish us as an industry- leader in subsurface imaging.

This is ExxonMobil 7 Industry leader in extended reach drilling technology

ExxonMobil is using extended reach drilling in Russia to reduce environmental impacts and the need for offshore structures.

We have drilled 26 of the 30 longest-reach wells in the world, the longest exceeding 7.7 miles.

This is ExxonMobil 8 New Opportunity Growth

Large portfolio of quality opportunities enables selectivity

Laptev Sea Beaufort Chukchi Sea Faroe Islands Horn River Summit Creek Norway Athabasca Germany West Siberia Montney Ukraine Bakken UticaMarcellus Romania Russian Woodford Region of Permian Basin Haynesville China Gulf of

Vietnam Guyana Liberia Tanzania Angola PNG Play Type Madagascar Deepwater / Conventional Australia Arctic South Africa Unconventional Argentina

9 Global Unconventional

Advancing potential world-class unconventional plays

• XTO involvement in all major US unconventional plays

• Canada – expanding portfolio • High-quality Clyden heavy leases • Celtic acquisition – delineating liquid rich plays • Near term production

• Colombia – commencing operations • Promising La Luna liquids potential

• Argentina • Defined high-potential oil and gas shale plays • Testing under way • Evaluating next phases 10

Latin America Energy Trends

Population GDP Energy Demand Billion Trillion 2010$ Quadrillion BTUs Latin America Energy Demand by Country

By Country By Fuel Quadrillion BTUs Quadrillion BTUs

Other Renewables Rest of Latin America Biomass Nuclear Coal Gas Argentina

Brazil Oil Neuquen Basin

Vaca Muerta Shale. The Late Jurassic to Early Cretaceous Formation is considered the primary source rocks for conventional oil production in the Neuquen Basin 13

Drilling, Completion and Testing Activities

ADA X-1 (API)

LaI X-3 and LaI X-4 Los Toldos II El Trapial LTE X-1 (API) LT III

LT IV La Invernada Aguada del Chivato LdMo.X-2 (YPF) Bajo del Toro Loma de Molle LdMo.X-1 (YPF) La Escalonada Aguila Mora Bajo del Los Toldos I Choique Aguada del Cerro la Minas Puestero

ALL X-1 (API) Pampa BdCh X-2 (EMOP) PNE.x-1004 () de las Yeguas Rincon la Ceniza Parva Negra El Mollar (Pending)

El Orejano PdY X-1 (YPF) SCh-97 (Petrobras) PdY X-2(h) (YPF) Sierra Chata

SCh-99 (Petrobras)

EMWI Wells by March, 2015 OBO EMOP Loma La Planned OBO/EMOP Lata Area Traded 14 Multidisciplinary Group Experience and Technical Expertise

EMEC New Opportunities Team Venture Office International Unconventional Drilling Team

Neuquén-based Drilling Venture Office Neuquén (Rotators) EMEC Americas Operation Group Contractors URC () Gas & Power (Land man, Marketing XTO Environment

al ExxonMobil Production Business Supportconsultants) Center BA(Procurement, Controllers, HR, Tax, Law, Expert Advisors Security, IT, Treasurers)

Reservoir Technical Environmental Commercial Law Land HR Engineering Operations & Regulatory Houston-based functions that provide support Development GAPS USG Business Analysis Controllers P&GA Treasurers Planning

15 Buenos Aires BSC

ExxonMobil Business Support Center Argentina • Established in 2004 • Over 150 former Petrolera employees now in the BSC • Serves ~40 countries across the Americas and EAME • Two buildings offering 1900 seats BA BSC Growth by Function 1800 1554 1603 1454 1600 1333 1400 1095 1200 965

1000 813 800 622 600 465 400 264 200 111

0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Controllers GHRS Procurement EMIT Tax GREF Others R&S Contract admin

16 XTO’s Evolution

17 XTO’s Unconventional Plays

Presence in all major US unconventional plays

Eight divisions with central-global support

18 XTO’s Expertise

19 U.S. Production

20 Community Engagement Programs

Culture and Education Health Safety Environment

Math & Science/ Fundacion Clinic and Donation of Safety Dino Project Reading Cruzada Hospital Equipments Programs Patagonica

21 Summary

• More than 100 years of activity in Argentina, increasing upstream operations.

• Utilizing all of the technical expertise and experience from global resources , including BSC, to evaluate exploration potential

• Currently in long term testing and production and evaluating next phases leveraging XTO unconventional expertise

• Community engagement with emphasis on health and education

22 Thank you