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As the world’s demand for energy continues to grow, ExxonMobil remains committed to finding and developing new
supplies and products to meet this demand, while delivering long-term value to our shareholders and the resource
owners. Meeting this demand, upon which continued economic growth and progress depends, has posed and will
continue to pose a tremendous challenge.
Technological innovation is critical to addressing this challenge. Over the last five years, we have invested about $3.5 billion
in research and development across our functional businesses, including efforts to bring challenged resources and new products
to market.
ExxonMobil maintains a unique, advantaged approach to identifying and assessing new exploration opportunities. Our geologists
and geophysicists study how sedimentary basins were formed and hydrocarbons were accumulated over time. Using proprietary
technologies and tools, including advanced reservoir prediction models and geological data visualization, we have significantly
improved our ability to identify, model, and understand oil and gas reservoirs.
Scientists and engineers in our Upstream Research Center are developing technologies that are expanding the definition of
recoverable resources. These innovations enable the commercial development of otherwise inaccessible or uneconomic
hydrocarbons. Through the application of our new technologies, we are economically increasing liquefied natural gas supplies,
developing tight gas resources, and enhancing heavy oil recovery.
Proprietary Downstream and Chemical technologies allow us to improve product performance and meet new product
specification requirements. ExxonMobil’s proprietary catalysts are used to produce lower-sulfur transportation fuels. Mobil 1
synthetic lubricants employ technology that improves fuel efficiency. Our chemical products help to reduce automobile vehicle
weight, resulting in improved fuel economy and lower costs.
ExxonMobil’s ability to find and develop new supplies and products relies on continued access to resources and stable
economic environments. Our superior operating and financial performance makes us a partner of choice for both conventional
and unconventional developments.
(Graph) During the past five years, ExxonMobil has added 15.7 billion
oil-equivalent barrels to our resource base. These diverse additions
provide a strong portfolio for future production growth.
(Photo) The Rocky Mountains contain vast quantities of an
unconventional resource known as “tight gas” – natural gas trapped
in sandstone reservoirs with very low permeability. We are using
our proprietary Multi-Zone Stimulation Technology in Colorado’s
Piceance Basin to achieve better well productivity, enabling the
commercial development of this large resource.
Finding and Developing New Supplies and Products to Bring to Market
Resource Additions
(percent, 2003–2007)
Resource
Type
Conventional
Deepwater
LNG
Heavy Oil/
Oil Sands
Tight Gas
Acid/Sour Gas
Arctic
Hydrocarbon
Type
Area
Liquids
Gas
100
80
60
40
20
Europe
Americas
Asia
Pacific/
Middle
East
Africa
Russian/
Caspian
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
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