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  "docSlug": "8f2bf126f524c30adef79c8d33966ec8",
  "documentTitle": "Engine No. 1 | Activist Presentation Deck | 83 slides",
  "authorId": "engine-no-1",
  "authorName": "Engine No. 1",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 13,
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  "notes": "Uses a stacked area chart to show the relative decline of ExxonMobil's market cap compared to Chevron.",
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      "text": "Market Capitalization (in $ billions)*",
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      "kind": "paragraph",
      "text": "ExxonMobil's iconic status has been chipped away, and by the end of 2020 its market cap was on par with Chevron's despite ExxonMobil being much larger",
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      "kind": "quote",
      "text": "It has been a stunning fall from grace for Exxon Mobil Corp.",
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      "kind": "quote",
      "text": "Perhaps no company has been humbled as profoundly by recent events as Exxon ... And the pandemic isn't primarily to blame; the culprit is just as much the company itself.",
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      "text": "After a 'decade of strategic errors,' Exxon is 'exactly where it never wanted to be: subject to oil markets and global GDP recovery.' Nor has [its CEO] enunciated any kind of holistic strategy for navigating the carbon transition ...",
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      "kind": "source-note",
      "text": "* Data is as of December 4, 2020, the last trading day prior to Engine No. 1's public engagement. Quote Source: ...",
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      "kind": "title",
      "text": "... which stands out even in a challenged industry",
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      "name": "Cost Of Inaction",
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