Exxon 2008 Annual Report Download - page 2

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The term Upstream refers to exploration, development, production,
and gas and power marketing. Downstream refers to the refining and
marketing of petroleum products such as motor fuels and lubricants.
Projections, targets, expectations, estimates, and business plans
in this report are forward-looking statements. Actual future results,
including demand growth and energy mix; capacity growth; the
impact of new technologies; capital expenditures; project plans,
dates, and capacities; production rates and resource recoveries;
and efficiency gains and cost savings could differ materially due
to, for example, changes in oil and gas prices or other market
conditions affecting the oil and gas industry; reservoir performance;
timely completion of development projects; war and other political or
security disturbances; changes in law or government regulation; the
actions of competitors; unexpected technological developments;
the occurrence and duration of economic recessions; the outcome
of commercial negotiations; unforeseen technical difficulties; and
other factors discussed in this report and in Item 1A of ExxonMobil’s
most recent Form 10-K.
Definitions of certain financial and operating measures and other terms
used in this report are contained in the section titled “Frequently
Used Terms” on pages 44 through 45. In the case of financial
measures, the definitions also include information required by SEC
Regulation G to the extent we believe applicable.
“Factors Affecting Future Results” and “Frequently Used Terms” are
also posted on our Web site and are updated from time to time.
Prior years’ data have been reclassified in certain cases to conform
to the 2008 presentation basis.
To Our Shareholders 2-3
Meeting the Challenges 4-13
The Outlook for Energy 14-15
Business Overview / Financial Highlights 16-17
Upstream 18-25
Downstream 26-31
Chemical 32-35
Financial Summary 36-43
Frequently Used Terms 44-45
Directors, Officers, and Affiliated Companies 46-47
Investor Information 48
General Information Inside Back Cover
CONTENTS