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  "documentTitle": "Engine No. 1 | Activist Presentation Deck | 83 slides",
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  "authorName": "Engine No. 1",
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  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 10,
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  "notes": "The slide uses a red dashed box to draw attention to ExxonMobil's data series.",
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      "text": "$ / bbl Breakeven Oil Price",
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      "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",
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      "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.",
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      "text": "Board's strategy eroded shareholder value before COVID, and left ExxonMobil far more vulnerable",
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