Exxon 2007 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 2007 presentation basis.
ON THE COV E R
Delivering outstanding performance requires exceptional
people. ExxonMobil recruits talented people from around
the world and provides them with formal training and a
broad range of experiences to develop them into the
next generation of company leaders.
To Our Shareholders 2-3
Financial Highlights 4-5
Meeting the Challenges 6-15
The Outlook for Energy 16-17
Upstream – Business Overview 18-25
Downstream – Business Overview 26-31
Chemical – Business Overview 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
C O N TE N T S