Report
Jan. 8, 2024
Enhancing process safety
Report
Jan. 8, 2024
In this section
Safety is a core value and an integral part of our culture. Process Safety focuses on managing the inherent hazards associated with the vast equipment and complex processes that are essential to our business. The primary purpose is to keep hydrocarbons, chemicals, and process water controlled and safely managed through all phases of our operations. Process safety events can potentially impact the workforce, the community, and the environment. Because of this, we set high expectations for ourselves. Everyone involved in our operations plays a role in driving process safety excellence. We are now in the fourth year of a corporate-wide Process Safety initiative. From 2018 through 2022, we achieved a 25% reduction in Tier 1 process safety events (those of greatest consequence).
Approach
To help protect our employees, contractors, communities where we work, and the environment, ExxonMobil uses a proactive, disciplined approach to managing risks inherent to our operations. Our Operations Integrity Management System (OIMS) serves as the foundation for managing process safety risks and establishes clear expectations. The safeguards built into OIMS are integral to how we design, operate, and maintain our facilities. We work to verify and rigorously manage these safeguards through maintenance, inspection, operations, competency demonstrations, and emergency preparedness drills. As part of OIMS, ExxonMobil monitors the performance of joint ventures and assets operated by others consistent with our expectations and encourages them to consider improvements as appropriate.
As part of our approach to enterprise risk management, higher-consequence process safety risks and risk management strategies are stewarded by the company’s Management Committee. Our Upstream, Product Solutions, and Low Carbon Solutions companies develop and execute these strategies with centralized support from ExxonMobil Technology and Engineering Company and the ExxonMobil Global Operations & Sustainability organization.
Objective
Our primary objective is to help protect our people, communities, and the environment by successfully managing and enhancing process safety.
Management and application
To help drive further improvements in process safety, we recently introduced our Enhancing Process Safety Program and updated our OIMS framework with new and enhanced expectations related to leadership, scenario management, human performance principles, critical task execution, and event learning.
Effective scenario management is key to preventing and mitigating process safety events. This includes understanding major hazards and associated scenarios, as well as verifying, maintaining, and improving, as appropriate, critical safeguards. People are our most important safeguard, and our enhanced human performance principles provide mechanisms for employees to ask for help, pause work if needed, and report issues to management. In addition, our open-door communication procedures provide avenues for anonymous reporting of employee concerns.
We collaborate with our peers and industry associations to share findings from process safety events. For example, we are a founding member and remain actively engaged in the Advancing Process Safety Initiative, a collaborative effort between the American Fuel and Petrochemical Manufacturers (AFPM) and the American Petroleum Institute (API). The initiative aims to improve process safety performance across the industry by sharing experiences and knowledge about events, hazard identification metrics, and proven practices.
Performance
ExxonMobil applies industry standards, including the API Recommended Practice 754 and the International Association of Oil & Gas Producers (IOGP) No. 456 Recommended Practice. We use process safety indicators to classify and track incidents by severity from Tier 1 to Tier 3. We report process safety events to several organizations each year including API, AFPM, IOGP, and the American Chemistry Council as a way to collectively identify and learn from industry trends.
Our Enhancing Process Safety Program has helped reduce Tier 1 safety events. From 2018 through 2022, we achieved a 25% reduction in Tier 1 process safety events (those of greatest consequence). Each event is analyzed through our “Learning from Incidents” process and corrective actions were identified to guide further improvement.
Workplace security
Our robust security measures are designed to protect our personnel, including senior executives, and facilities from threats. Our security programs are risk-based, flexible, and responsive to the environments in which we operate, and they comply with applicable regulations.
Facilities undergo periodic security reviews to address potential threats. Each assessment considers geographic location, the community, criminal activity, and the current political climate. We monitor local conditions and maintain detailed security preparedness plans, such as emergency response, evacuation and intruder response, bomb threat, and active shooter response plans. We train employees who travel to and live in higher-risk countries on personal safety in challenging security environments. Our security personnel work to improve our risk management methodologies, threat-assessment capabilities, and technical security management processes through drills, training programs, and industry forums.
Emergency preparedness
ExxonMobil is prepared to respond to a wide array of emergency events, including natural disasters, pandemics and operational incidents. Each ExxonMobil facility has access to trained responders and resources. Centralized and cross-functional teams develop and practice emergency response tactics through incident management teams and emergency support groups around the world, which enables us to provide a robust response in emergency situations to help protect people, the environment and our communities.
In 2021, our Regional Response Team (RRT) demonstrated its “Readiness to Respond” capabilities under pandemic circumstances by conducting an innovative exercise that simulated a global response to a potential real-life oil spill event. Approximately 300 RRT personnel and response partners from more than 35 countries were involved in a continuous 28-hour follow-the-sun event, with face-to-face hubs in Singapore, the U.K., Prague, and Houston, along with virtual support globally. Exercises like this help support our objective to be prepared and ready to respond.
Managing spills
At ExxonMobil, we develop products that are critical to global prosperity and quality of life, and we recognize this comes with a certain level of risk. We are committed to the prevention, mitigation, and elimination of spills from our operations and having the processes, resources, and people in place to respond to incidents, however unlikely they are to occur.
Our employees are trained to have a zero-spill mindset, and our facilities are designed and operated with the objective to prevent unplanned releases from entering the environment and causing adverse effects. We also seek to implement best practices derived from our own research and industry collaborations to continually reduce the number of spills.
Prevention
Our Spill Prevention Program establishes corporate-wide procedures for inspecting and maintaining equipment, training operators, and conducting practice drills.
Our program is focused on the elimination of all spill types, using overarching principles of internal frameworks as described by our Operations Integrity Management System (OIMS) to address a wide range of scenarios, considering human and non-human factors that could potentially lead to a spill. At our refineries, for example, following enhancements to our human factor approach, we developed a best practice guide that details 17 high-risk elements and the procedures to mitigate them. This has contributed to a 44% reduction in spills from 2016 to 2022.
Our comprehensive integrity-management programs also oversee the transportation of millions of barrels of petroleum and chemical products over thousands of miles of pipeline around the world. For example, our affiliate in the U.S. regularly monitors and tests the integrity of our pipelines, detecting corrosion and other integrity concerns, through the deployment of ground and air patrols, implementation of state-of-the-art systems, alarms, and other techniques to continuously control and monitor pipeline routes.
Response
We focus on readiness, so that if a spill does occur, we can conduct a rapid, comprehensive response to minimize impact on people and the environment. Our RRTs include employees from more than 30 countries, with subject matter experts, technical experts, and experienced responders from business lines and functions across the company. And our spill response research program is an industry-leading in-house program with a focus on cold-water and remote locations that also applies to local or surface spills.
Each site conducts emergency drills in accordance with regulatory requirements or management guidelines, ranging from “desktop” exercises to full-scale field drills. Annually, we conduct comprehensive multiday drills at sites around the world, involving emergency response teams and hundreds of employees, contractors, and specialists. Participants run through realistic, higher-consequence scenarios and interact with local authorities and agencies.
In May 2023, for example, the RRT worked with employees to assess and enhance Esso Exploration Angola’s incident management team’s ability to respond quickly and effectively. In total, 245 people were involved in the drill, from 22 countries, including more than 20 people from NGOs or mutual aid partners. Visits and meetings with the Angolan Minister of Mineral Resources and Petroleum and the Secretary of State, as well as Sea Alarm Foundation, The Global Oiled Wildlife Response System (GOWRS) project, and Oil Spill Response Ltd. were all integrated in the response. The Global Initiative for West, Central and Southern Africa facilitated engagement with the Angolan minister around the spill’s impact and potential transboundary issues. We also integrated wildlife response into the process, promising to provide a foundational element within our oil contingency plan for other sites to emulate.
Collaboration and research
Through a variety of collaborations and associations, ExxonMobil works with others in our industry to share best practices, improve capabilities, and facilitate global spill response and management. These include:- Australian Marine Oil Spill Center, focused on rapid containment and recovery of all oil types along the Australian coastline.
- Marine Spill Response Corporation, the largest dedicated oil spill and emergency response organization in the U.S., providing access to their STARs network of specially trained contractors in approximately 250 locations nationwide.
- Marine Well Containment Company, a Houston-area, not-for-profit focused on deepwater well containment response in the U.S. Gulf of Mexico. ExxonMobil is a founding member.
- Oil Spill Global Response Network, global collaboration among oil response companies to provide centers of expertise for spill preparedness, response, and recovery.
- Oil Spill Response Limited, an industry-owned spill-response cooperative with members representing more than two-thirds of the world’s oil production, and their recently launched Global Oiled Wildlife Response Service.
- Western Canada Spill Services Ltd., which supplements member companies’ programs with additional spill response training and equipment.
- Oil Spill Combat Team, the largest spill response center in Indonesia.
- Eastern Canada Response Corporation, which provides services and equipment to ships and oil-handling facilities under Canadian law.
- Multi-Partner Research Initiative, bringing together government agencies, academia, response organizations, oil companies, Indigenous communities and other experts worldwide.
Our oil spill response research program was initiated more than half a century ago and remains unique in the industry. We share and build upon our knowledge by working with governments, academia, and others, pursuing innovative solutions and advancing scientific understanding of spill response through dozens of collaborations. Research currently underway includes potential development of quick-sealing polymers to rapidly close leaks, enhanced experimental techniques to test new solutions, next-generation dispersants, an autonomous jet ski to detect and monitor spills, and more.
Cybersecurity
As cybersecurity risks continue to evolve, our multilayered approach to preventing and mitigating the risks of cyberattacks helps protect us against business disruptions and threats that could materially affect our data, facilities, operations, or the safety and privacy of our people.
Attacks against other global companies in recent years highlight the need for robust cybersecurity measures at all companies. At ExxonMobil, our overall program is designed by evaluating and performing analysis of threats, and implementing risk-based tools, policies, and architectures to address risk and is supported by our corporate polices and standards.
We leverage industry standard frameworks, including the NIST Cybersecurity Framework, to identify potential gaps in our defenses, and we work with independent third parties to help test and evaluate the strength of our systems and processes.
Data protection and security
We have comprehensive programs designed to protect the integrity and privacy of personal, corporate, and customer data. With respect to the handling of personal data, our data privacy program is designed to process such information, including that of customers, vendors, suppliers, and employees, in a manner consistent with applicable laws. ExxonMobil’s data privacy program includes a code of conduct and data privacy practices which encompass common principles (e.g., purpose limitation, transparency, data security, data quality, and data minimization) and are designed to provide simplified and consistent guidance to meet global data privacy requirements.
Training and business continuity
Awareness remains one of our key defenses, and cybersecurity education is a priority for ExxonMobil. We perform annual cybersecurity awareness training for our personnel and conduct routine testing of cybersecurity awareness, including ongoing mock phishing exercises, to help individuals identify and respond to cybersecurity risks and reinforce safe behaviors.
In addition to promoting safe behaviors, we manage business continuity as a key component of our Controls and Operations Integrity Management Systems. The company has developed and sustained business continuity plans (BCPs), with a suite of enablers to be activated in the event of a major cyber-attack.
Our cyber BCPs are regularly reviewed for compliance, performance, and potential improvements. In addition, periodic drills are conducted to keep pace with this evolving space and to evaluate our ability to maintain safe operations for critical business units.
Build your own report
close
FORWARD-LOOKING STATEMENT WARNING
CAUTIONARY STATEMENT RELEVANT TO FORWARD LOOKING INFORMATION FOR THE PURPOSE OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERS
Images or statements of future ambitions, plans, goals, events, projects, projections, opportunities, or conditions in the publications, including plans to reduce, abate, avoid or enable avoidance of emissions or reduce emissions intensity, sensitivity analyses, expectations, estimates, the development of future technologies, business plans, and sustainability efforts are dependent on future market factors, such as customer demand, continued technological progress, policy support and timely rule-making or continuation of government incentives and funding, and represent forward-looking statements. Similarly, emission-reduction roadmaps to drive toward net zero and similar roadmaps for emerging technologies and markets, and water management roadmaps to reduce freshwater intake and/or manage disposal, are forward-looking statements. These statements are not guarantees of future corporate, market or industry performance or outcomes for society and are subject to numerous risks and uncertainties, many of which are beyond our control or are even unknown.
Actual future results, including the achievement of ambitions to reach Scope 1 and 2 net zero from operated assets by 2050, to reach Scope 1 and 2 net zero in Upstream Permian Basin unconventional operated assets by 2030, to eliminate routine flaring in-line with World Bank Zero Routine Flaring, to reach near zero methane emissions from operated assets and other methane initiatives, to meet greenhouse gas emission reduction plans or goals, divestment and start-up plans, and associated project plans; technology advances including in the timing and outcome of projects to capture and store CO2 supply lower-emission fuels, produce hydrogen, produce lithium, obtain data on detection, measurement and quantification of emissions including reporting of that data or updates to previous estimates, and use plastic waste as feedstock for advanced recycling; progress in sustainability focus areas; and reserve or resource changes could vary depending on changes in supply and demand and other market factors affecting future prices of oil, gas, petrochemical or new market products and services; future cash flows; our ability to execute operational objectives on a timely and successful basis; policy and consumer support for emission-reduction and other advanced products and technology; changes in international treaties, laws, regulations and incentives, including those greenhouse gas emissions, plastics, carbon storage and carbon costs; evolving reporting standards for these topics and evolving measurement standards for reported data; trade patterns and the development and enforcement of local, national and regional mandates; unforeseen technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies such as electrification of operations, advanced recycling, CCS, hydrogen production, or direct lithium extraction on a commercially competitive basis; availability of feedstocks for lower-emission fuels, hydrogen, or advanced recycling; changes in the relative energy mix across activities and geographies; the actions of competitors; changes in regional and global economic growth rates and consumer preferences; actions taken by governments and consumers resulting from a pandemic; changes in population growth, economic development or migration patterns; military build-ups, armed conflicts, or terrorism; and other factors discussed in this release and in Item 1A. “Risk Factors” in ExxonMobil’s Annual Report on Form 10-K for 2022 and subsequent Quarterly Reports on Forms 10-Q, as well as under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at www.exxonmobil.com. The Advancing Climate Solutions Report includes 2022 greenhouse gas emissions performance data and Scope 3 Category 11 estimates for full-year 2022 as of March 1, 2023. The greenhouse gas intensity and greenhouse gas emission estimates include Scope 2 market-based emissions. The Sustainability Report, the Advancing Climate Solutions Report, and corresponding Executive Summaries were issued on Jan. 8, 2024. The content and data referenced in these publications focus primarily on our operations from Jan. 1, 2022 – Dec. 31, 2022, unless otherwise indicated. Tables on our “Metrics and data” page were updated on April 26, 2024, to reflect full-year 2023 data. Information regarding some known events or activities in 2023 are also included. No party should place undue reliance on these forward-looking statements, which speak only as of the dates of these publications. All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of publication. We do not undertake to provide any further updates or changes to any data or forward-looking statements in these publications. Neither future distribution of this material nor the continued availability of this material in archive form on our website should be deemed to constitute an update or re-affirmation of these figures or statements as of any future date. Any future update will be provided only through a public disclosure indicating that fact.
ABOUT THE ADVANCING CLIMATE SOLUTIONS AND SUSTAINABILITY REPORTS
The Advancing Climate Solutions Report contains terms used by the TCFD, as well as information about how the disclosures in this report are consistent with the recommendations of the TCFD. In doing so, ExxonMobil is not obligating itself to use any terms in the way defined by the TCFD or any other party, nor is it obligating itself to comply with any specific recommendation of the TCFD or to provide any specific disclosure. For example, with respect to the term “material,” individual companies are best suited to determine what information is material, under the long-standing U.S. Supreme Court definition, and whether to include this information in U.S. Securities and Exchange Act filings. In addition, the ISSB is evaluating standards that provide their interpretation of TCFD which may or may not be consistent with the current TCFD recommendations.
These publications have been prepared at shareholders’ request or for their convenience and intentionally focused on unknown future events that we have been asked to consider. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not intended to communicate any material investment information under the laws of the United States or represent that these are required disclosures. These publications are not intended to imply that ExxonMobil has access to any significant non-public insights on future events that the reader could not independently research. In addition, historical, current, and forward-looking environmental and other sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future laws and rulemaking. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are for informational purposes only and are not intended as an advertisement for ExxonMobil’s equity, debt, businesses, products, or services and the reader is specifically notified that any investor-requested disclosure or future required disclosure is not and should not be construed as an inducement for the reader to purchase any product or services. The statements and analysis in these publications represent a good faith effort by the Company to address these investor requests despite significant unknown variables and, at times, inconsistent market data, government policy signals, and calculation, methodologies, or reporting standards.
Actions needed to advance ExxonMobil’s 2030 greenhouse gas emission-reductions plans are incorporated into its medium-term business plans, which are updated annually. The reference case for planning beyond 2030 is based on the Company’s Global Outlook research and publication. The Global Outlook is reflective of the existing global policy environment and an assumption of increasing policy stringency and technology improvement to 2050. However, the Global Outlook does not attempt to project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the GIobal Outlook, and the Company’s business plans will be updated as appropriate. References to projects or opportunities may not reflect investment decisions made by the corporation or its affiliates. Individual projects or opportunities may advance based on a number of factors, including availability of supportive policy, permitting, technological advancement for cost-effective abatement, insights from the company planning process, and alignment with our partners and other stakeholders. Capital investment guidance in lower-emission investments is based on our corporate plan; however, actual investment levels will be subject to the availability of the opportunity set, public policy support, other factors, and focused on returns.
Energy demand modeling aims to replicate system dynamics of the global energy system, requiring simplifications. The reference to any scenario or any pathway for an energy transition, including any potential net-zero scenario, does not imply ExxonMobil views any particular scenario as likely to occur. In addition, energy demand scenarios require assumptions on a variety of parameters. As such, the outcome of any given scenario using an energy demand model comes with a high degree of uncertainty. For example, the IEA describes its NZE scenario as extremely challenging, requiring unprecedented innovation, unprecedented international cooperation, and sustained support and participation from consumers, with steeper reductions required each year since the scenario’s initial release. Third-party scenarios discussed in these reports reflect the modeling assumptions and outputs of their respective authors, not ExxonMobil, and their use or inclusion herein is not an endorsement by ExxonMobil of their underlying assumptions, likelihood, or probability. Investment decisions are made on the basis of ExxonMobil’s separate planning process but may be secondarily tested for robustness or resiliency against different assumptions, including against various scenarios. These reports contain information from third parties. ExxonMobil makes no representation or warranty as to the third-party information. Where necessary, ExxonMobil received permission to cite third-party sources, but the information and data remain under the control and direction of the third parties. ExxonMobil has also provided links in this report to third-party websites for ease of reference. ExxonMobil’s use of the third-party content is not an endorsement or adoption of such information.
ExxonMobil reported emissions, including reductions and avoidance performance data, are based on a combination of measured and estimated data. We assess our performance to support continuous improvement throughout the organization using our Environmental Performance Indicator (EPI) process. The reporting guidelines and indicators in the Ipieca, the American Petroleum Institute (API), the International Association of Oil and Gas Producers Sustainability Reporting Guidance for the Oil and Gas Industry (4th edition, 2020, revised February 2023) and key chapters of the GHG Protocol inform the EPI process and the selection of the data reported. Emissions reported are estimates only, and performance data depends on variations in processes and operations, the availability of sufficient data, the quality of those data and methodology used for measurement and estimation. Emissions data is subject to change as methods, data quality, and technology improvements occur, and changes to performance data may be updated. Emissions, reductions, abatements and enabled avoidance estimates for non-ExxonMobil operated facilities are included in the equity data and similarly may be updated as changes in the performance data are reported. ExxonMobil’s plans to reduce emissions are good-faith efforts based on current relevant data and methodology, which could be changed or refined. ExxonMobil works to continuously improve its approach to identifying, measuring, and addressing emissions. ExxonMobil actively engages with industry, including API and Ipieca, to improve emission factors and methodologies, including measurements and estimates.
Any reference to ExxonMobil’s support of, work with, or collaboration with a third-party organization within these publications do not constitute or imply an endorsement by ExxonMobil of any or all of the positions or activities of such organization. ExxonMobil participates, along with other companies, institutes, universities and other organizations, in various initiatives, campaigns, projects, groups, trade organizations, and other collaborations among industry and through organizations like the United Nations that express various ambitions, aspirations and goals related to climate change, emissions, sustainability, and the energy transition. ExxonMobil’s participation or membership in such collaborations is not a promise or guarantee that ExxonMobil’s individual ambitions, future performance or policies will align with the collective ambitions of the organizations or the individual ambitions of other participants, all of which are subject to a variety of uncertainties and other factors, many of which may be beyond ExxonMobil’s control, including government regulation, availability and cost-effectiveness of technologies, and market forces and other risks and uncertainties. Such third parties’ statements of collaborative or individual ambitions and goals frequently diverge from ExxonMobil’s own ambitions, plans, goals, and commitments. ExxonMobil will continue to make independent decisions regarding the operation of its business, including its climate-related and sustainability-related ambitions, plans, goals, commitments, and investments. ExxonMobil’s future ambitions, goals and commitments reflect ExxonMobil’s current plans, and ExxonMobil may unilaterally change them for various reasons, including adoption of new reporting standards or practices, market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors.
References to “resources,” “resource base,” “recoverable resources” and similar terms refer to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately recoverable. The resource base includes quantities of oil and natural gas classified as proved reserves, as well as quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable. The term “resource base” is not intended to correspond to SEC definitions such as “probable” or “possible” reserves. For additional information, see the “Frequently Used Terms” on the Investors page of the Company’s website at www.exxonmobil.com under the header “Resources.” References to “oil” and “gas” include crude, natural gas liquids, bitumen, synthetic oil, and natural gas. The term “project” as used in these publications can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as “Corporation,” “company,” “our,” “we,” and “its” are sometimes used as abbreviated references to one or more specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations, and global or regional business lines are also sometimes used for convenience and simplicity. Nothing contained herein is intended to override the corporate separateness of affiliated companies. Exxon Mobil Corporation’s goals do not guarantee any action or future performance by its affiliates or Exxon Mobil Corporation’s responsibility for those affiliates’ actions and future performance, each affiliate of which manages its own affairs. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships. These publications cover Exxon Mobil Corporation’s owned and operated businesses and do not address the performance or operations of our suppliers, contractors or partners unless otherwise noted. In the case of certain joint ventures for which ExxonMobil is the operator, we often exercise influence but not control. Thus, the governance, processes, management and strategy of these joint ventures may differ from those in these reports. At the time of publication, ExxonMobil has completed the acquisition of Denbury Inc. and is in the process of acquiring Pioneer Natural Resources. These reports do not speak of these companies’ historic governance, risk management, strategy approaches or emissions performance unless specifically referenced.
These reports or any material therein is not to be used or reproduced without the permission of Exxon Mobil Corporation. All rights reserved.
SUPPLEMENTAL INFORMATION FOR NON-GAAP AND OTHER MEASURES
The Resiliency section of the Advancing Climate Solutions Report mentions modeled operating cash flow in comparing different businesses over time in a future scenario. Historic operating cash flow is defined as net income, plus depreciation, depletion and amortization for consolidated and equity companies, plus noncash adjustments related to asset retirement obligations plus proceeds from asset sales. The Company’s long-term portfolio modeling estimates operating cash flow as revenue or margins less cash expenses, taxes and abandonment expenditures plus proceeds from asset sales before portfolio capital expenditures. The Company believes this measure can be helpful in assessing the resiliency of the business to generate cash from different potential future markets. The performance data presented in the Advancing Climate Solutions Report and Sustainability Report, including on emissions, is not financial data and is not GAAP data.