Exxon 2009 Annual Report Download - page 36

CHEMICAL STATISTICAL RECAP 2009 2008 2007 2006 2005
Earnings (millions of dollars) 2,309 2,957 4,563 4,382 3,943
Prime product sales(1) (thousands of tonnes) 24,825 24,982 27,480 27,350 26,777
Average capital employed(2) (millions of dollars) 16,560 14,525 13,430 13,183 14,064
Return on average capital employed(2) (percent) 13.9 20.4 34.0 33.2 28.0
Capital expenditures (millions of dollars) 3,148 2,819 1,782 756 654
(1) Prime product sales include ExxonMobil’s share of equity-company volumes and finished-product transfers to the Downstream.
(2) See Frequently Used Terms on pages 44 through 45.
CHEMICAL COMPETITIVE ADVANTAGES
Portfolio฀Quality฀•฀ Our unique mix of Chemical businesses
delivers superior performance relative to competition
throughout the business cycle.
Global฀Integration฀•฀ Synergies with the Upstream and
Downstream deliver benefits through the physical integration
of sites, joint feedstock and facilities planning, global
competency networks, and sharing of services and best
practices. As a result of these synergies, we significantly
upgrade refining and gas molecules to their highest value.
Discipline฀and฀Consistency฀•฀ The foundation of our superior
results is our relentless focus on all aspects of operational
excellence, which has produced industry-leading practices
and systems.
Value฀Maximization฀•฀ Our proprietary technology has led to
expanded sources of advantaged feedstock, the successful
implementation of lower-cost manufacturing processes, and
faster sales growth of higher-value premium products.
Long-Term฀Perspective฀•฀ We use a highly structured capital
management approach to ensure that we invest in projects
with feedstock, technology, and marketing advantages that
can compete in the toughest market environments.
2009 Results and Highlights
Lost-time incident rate reduced by 50 percent over
the past five years for our combined employee and
contractor workforce.
Earnings were $2.3 billion,
reflecting competitive advantages
from our global portfolio, high degree of integration, and
advantaged feedstock.
Return on average capital employed was 14 percent,
averaging 18 percent over the last 10 years, exceeding
the average of our major chemical competitors across
the business cycle.
Prime product sales of 24.8 million tonnes were 1 percent
lower than 2008, reflecting lower global demand and broad
supply chain inventory destocking at the beginning of
the year.
Chemical capital expenditures were $3.1 billion,
as construction progressed on our world-scale expansion in Singapore. We continued disciplined investment in specialty
business growth and high-return efficiency projects.
Started up a fully integrated, world-scale facility in Fujian Province, China, that included an 800-thousand-tonnes-per-year
ethylene steam cracker and associated polyethylene, polypropylene, and paraxylene units.
Eric฀Whetstone฀•฀Whetstone฀Design฀Lab
office:฀214-788-6336฀•฀cell:฀
EDITOR
Tracey฀Gunnlaugsson฀•฀Investor฀Relations
Exxon฀Mobil฀Corporation,฀Irving,฀TX
office:฀972-444-1151฀•฀cell:972-849-6202
fax:฀972-444-1505
tracey[email protected]
Carol฀Zuber-Mallison฀•฀ZM฀Graphics
studio/cell:฀214-906-4162฀•฀fax:฀817-924-7784
[email protected]
Usage:฀Exclusive฀rights฀within฀ExxonMobil
(c)฀2010,฀ZM฀Graphics฀฀฀Image฀can฀not฀be฀resold
ATTENTION:฀OWNER
Data฀list฀is฀used฀to฀drive฀the฀black฀and฀
white฀chart,฀which฀is฀then฀used฀as฀a฀
template฀for฀the฀color฀chart.฀Bars฀and฀
lines฀are฀cut฀and฀pasted฀from฀the฀black฀
and฀white฀template฀and฀are฀highly฀
accurate.฀However,฀the฀color฀chart฀is฀
NOT฀linked฀to฀the฀database฀and฀is฀NOT฀
“driven”฀by฀the฀data;฀it฀is฀a฀piece฀of฀
artwork฀buiilt฀by฀a฀human.฀Therefore,฀the฀
editor฀needs฀to฀thoroughly฀proof฀the฀final฀
artwork,฀not฀JUST฀the฀data฀list.
VERSION
APPROVED฀BY
Fancher฀/฀Controllers
Feb.฀12,฀2010
FILE฀INFO
LAST฀FILE฀CHANGE฀MADE฀BY
93A฀09XOMF-
ChemicalROCE.ai
IN฀F&O฀ON฀PAGE
IN฀SAR฀ON฀PAGE
Note:
S฀33A
Includes฀link฀file
DATA฀as฀of฀02/12/2010:
฀ "XOM"฀ "Competitors"
“1995”฀ 33.9฀ 21.9
"1999"฀ 10.9฀ 8.1
"2000"฀ 8.4฀ 8.1
"2001"฀ 6.4฀ 2.3
"2002"฀ 6.1฀ 3.4
"2003"฀ 10.2฀ 4.4
"2004"฀ 23.5฀ 6.8
"2005"฀ 28.0฀ 16.0
“2006”฀ 33.2฀ 14.6
“2007”฀ 34.0฀ 12.2
“2008”฀ 20.4฀ 2.2
“2009”฀ 13.9฀ 2.9
0
10
20
30
Competitors
XOM
“2009”“2008”“2007”“2006”200520042003200220012000“1995”
ExxonMobil Major฀Chemical฀Competitors(1)
(1) Includes the chemical segments of Royal Dutch Shell (through 2008), BP
(through 2004), and Chevron, as well as Dow Chemical, the sole publicly
traded chemical-only competitor with a significant portfolio overlap.
Competitor values are estimated on a consistent basis with ExxonMobil,
based on public information.
1995 1997 200320011999 2005 2007 2009
35
30
25
20
15
10
5
Chemical฀Return฀on฀Average฀Capital฀Employed
(percent)
IS฀IN
SAR฀and฀F&O
EXXON฀MOBIL฀CORPORATION฀ •฀ 2009฀SUMMARY฀ANNUAL฀REPORT 33