{
  "docId": "019de071-0365-7797-9dbe-8b52be0b162c",
  "docSlug": "729fe89bb6455d2ab82ee471ab2f1a52",
  "documentTitle": "Engine No. 1 | Activist Presentation Deck | 25 slides",
  "authorId": "engine-no-1",
  "authorName": "Engine No. 1",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 7,
  "pageCount": 25,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 15,
  "notes": "The chart highlights ExxonMobil's significantly higher break-even price compared to peers, using a red dashed box for emphasis.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de071-0365-7797-9dbe-8b52be0b162c/7",
  "deckHref": "/decks/019de071-0365-7797-9dbe-8b52be0b162c",
  "deckJsonHref": "/decks/019de071-0365-7797-9dbe-8b52be0b162c.json",
  "deckAnchorHref": "/decks/019de071-0365-7797-9dbe-8b52be0b162c#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.9,
        "x": 0.05,
        "y": 0.26
      },
      "kind": "chart",
      "text": "$ / bbl Breakeven Oil Price",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5b9fc094-b7f0-4a48-a961-d8aa7db9fe14",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.06,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "Irresponsible spending resulted in ExxonMobil having the highest oil break-even price of any of its peers, leaving it more vulnerable to drops in demand",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "047e5a94-290d-498a-afc0-02e9149e4f08",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.03,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: JP Morgan research; breakeven prices are post-dividend. Pre-COVID data is as of January 31, 2020 for US peers and December 6, 2019 for European peers.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39880b3b-915f-4a49-8855-5e95d2f4224b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "title",
      "text": "Board's strategy eroded shareholder value before COVID, and left ExxonMobil far more vulnerable",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0ad9fdc-d438-4471-b1e3-3a798d583d1c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "68592fab-24f3-4876-b05e-9522d50ef7f2",
      "evidence": "Comparing ExxonMobil's financial metrics against a peer group to highlight underperformance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 11,
      "from": 4,
      "beatId": "d0741cda-02e9-4cbc-b734-6e215656753c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "ExxonMobil's poor performance and contradictory strategies",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [
    {
      "to": 11,
      "from": 4,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "b7bc8537-fd6a-451a-9e56-439534d2d90d",
      "evidence": "ExxonMobil's underperformance and vulnerability",
      "position": 0,
      "objective": "Highlight costs of ExxonMobil's inaction",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}