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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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  "notes": "The chart shows normalized share price performance from 2015-2020, highlighting ExxonMobil's relative underperformance.",
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      "kind": "chart",
      "text": "ExxonMobil's share price has lagged those that adopted clean energy (2015-2020)",
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      "kind": "list",
      "text": "Peers have shown it is possible to begin gradually diversifying – and embracing long-term total emissions reduction targets – while maintaining focus on core business profitability and explaining strategy to the market",
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      "text": "Renewables has opened up a whole new set of opportunities for value creation for our company, while also diversifying our portfolio, making it more resilient both strategically as well as financially. Eldar Saetre, Former CEO, Equinor, Feb. 2020",
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      "kind": "quote",
      "text": "[Renewables are] strengthening our group business model, because it's balancing the cash flow risk profile by giving predictable cash flows. Patrick Pouyanne, Chairman and CEO, Total, Sep. 2020",
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      "text": "If we include the farm down[s], the IRR increases to above 14% ... It's generated from a business with a very different risk profile ... It deals with proven resources with no risk from exploration reservoir or decline rates. Pal Eitrheim, EVP New Energy Solutions, Equinor, Feb. 2020",
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      "text": "Chart Source: Bloomberg share price data normalized to reflect relative share price performance. Quote source: Equinor and Total call transcripts.",
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      "kind": "title",
      "text": "Change will surely be gradual, but it is possible to begin bending the long-term trajectory",
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      "evidence": "Comparing ExxonMobil performance against peers Equinor and Total",
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