Exxon 2007 Annual Report Download - page 5

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These circumstances play to ExxonMobil’s strengths,
with our outstanding and proven financial, managerial,
technological, and operational capabilities. Our
fundamental business strategies are key to delivering
the energy the world requires while achieving sustained,
industry-leading returns and growing shareholder value.
Technology is and will remain key to meeting the world’s
growing energy needs. Technological innovations allow
the identification and commercialization of challenged
resources, optimization of operating unit performance,
and development of high-performance products.
ExxonMobil invested about $3.5 billion in research and
development over the past five years, demonstrating
our commitment to maintaining and developing
proprietary technology.
The changing energy landscape also demands that
companies are good corporate citizens. Corporate
citizenship is embedded in our business culture and
is reflected in our ability to effectively integrate good
corporate governance, safety, and a commitment to
environmental and social responsibility into all aspects
of our global business. We choose the course of
highest integrity in all of our business interactions
because we believe that a well-founded reputation for
high ethical standards and strong business controls
is a priceless corporate asset.
ExxonMobil is taking active measures at our facilities to
reduce emissions and minimize environmental impacts
through our initiative, Protect Tomorrow. Today. We are
also partnering with vehicle and engine manufacturers
to develop and deploy energy-saving technologies.
Additionally, we continue to invest in research and
development to identify potential breakthrough
innovations that could significantly reduce greenhouse
gas emissions worldwide.
Our integrated business model allows us to maximize
returns across the entire value chain. Our functional
organization structure allows us to apply best practices
and deploy expertise globally. Our operational experience
allows us to deliver superior performance. These
advantages ensure we are well-positioned to address
the challenges of the global marketplace.
The same strengths that have enabled our past
achievements prepare us to succeed in the future.
We remain committed to growing long-term value
for our shareholders – through high standards of
operational excellence, disciplined capital investment,
development of innovative technology, and the
dedication and ingenuity of our employees.
Rex W. Tillerson
Chairman and CEO
Rex W. Tillerson
Chairman and CEO
measures, the strongest in our history.
E X X O N M O B I L C O R P O R A T I O N • 2 0 0 7 S U M M A R Y A N N U A L R E P O R T 3