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News Release FOR IMMEDIATE RELEASE FRIDAY , APRIL 30 , 2021 ExxonMobil Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving , TX 75039 972 940 6007 Telephone 972 940 6143 Facsimile EXHIBIT 99.1 • ExxonMobil Earns $ 2.7 Billion in First Quarter 2021 First Quarter 2021 Results and Management Perspectives Cash flow from operating activities of $ 9.3 billion fully funded dividend and capital expenditures , and drove debt reduction of over $ 4 billion Lowered cash operating expenses versus the first and fourth quarters of 2020 ; on pace to deliver additional structural cost savings • Advanced several initiatives to reduce emissions and launched Low Carbon Solutions business to commercialize extensive low - carbon technology portfolio • Added three new directors to strengthen board experience in energy , capital allocation and complex business transitions Results Summary ( Dollars in millions , except per share data ) First Quarter 2021 First Quarter Fourth Quarter 2020 2020 Earnings / ( loss ) ( U.S. GAAP ) 2,730 ( 610 ) ( 20,070 ) Earnings / ( Loss ) Per Common Share Assuming Dilution 0.64 ( 0.14 ) ( 4.70 ) Identified Items Per Common Share Assuming Dilution ( 0.01 ) ( 0.67 ) ( 4.73 ) Earnings / ( Loss ) Excluding Identified Items Per Common Share Assuming Dilution 0.65 0.53 0.03 3,133 7,143 4,771 Capital and Exploration Expenditures - IRVING , Texas April 30 , 2021 Exxon Mobil Corporation today announced estimated first quarter 2021 earnings of $ 2.7 billion , or $ 0.64 per share assuming dilution , compared with a loss of $ 610 million in the first quarter of 2020. Results included unfavorable identified items of $ 31 million , or $ 0.01 per share assuming dilution . First quarter capital and exploration expenditures were $ 3.1 billion , $ 4 billion lower than the first quarter of 2020 .