Exxon 2011 Annual Report Download - page 3
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Energy is more than a commodity. It is an enabler of progress.
Affordable and reliable energy supports rising living standards and job creation,
and contributes to opportunities for better health, education, and social welfare.
Sustaining such progress by meeting the world’s growing demand for energy
represents a tremendous challenge. It will require the development of all
commercially viable energy sources and their production in growing quantities.
The amount of investment needed by the energy industry to achieve
this objective is enormous. It also requires technological innovation
and a long-term perspective that looks beyond current economic conditions.
With our competitive advantages of a balanced portfolio, disciplined investing,
high-impact technologies, operational excellence, and global integration,
ExxonMobil is uniquely positioned to help meet these energy challenges.
Long-Term Perspective
On the Cover: Our Singapore petrochemical plant is undergoing
a major expansion, including the addition of two polyethylene units.
Inside Cover: In the U.S. Gulf of Mexico, we made a significant
oil discovery with the Hadrian-5 exploration well. We estimate a
recoverable resource for the Hadrian complex of more than 700 million
oil-equivalent barrels, making this one of the largest discoveries in the
Gulf of Mexico in the last decade.