Exxon 2008 Annual Report Download - page 36

Chemical Strategies
Disciplined and consistent execution of our long-term
strategies has translated into superior returns across
the business cycle. These strategies have been tested
and proven to be successful over decades, and effective
implementation has strengthened ExxonMobil’s position
as one of the world’s premier petrochemical companies.
Focus on Businesses that Capitalize
on Core Competencies
ExxonMobil has developed a unique portfolio of commodity
and specialty businesses over many years, built on proprietary
technology and a high degree of raw material integration.
We hold leadership positions in some of the largest-volume
and highest-growth petrochemical products in the world,
including aromatics, olefins, and polyolefins.
We have also built leadership positions in a diverse set of
less-cyclical specialty business lines, all of which rank first
or second globally by market position.
Consistently Deliver Best-in-Class Performance
We maintain a consistent and relentless focus on
operational excellence in every aspect of our business.
Business practices and systems have been developed
and continuously improved over many years to ensure
uncompromising integrity of our operations and delivery
of industry-leading performance.
Our disciplined approach to improve safety, reliability,
productivity, and quality continues to increase the contribution
of existing assets. Structured programs enable identification
and capture of process efficiencies, improved operability, and
the addition of increased capacity at significantly less than
grassroots cost. For example, our energy consumed per unit
of output has decreased, and our improvement rate in steam
cracking energy efficiency has outpaced that of industry.
ExxonMobil Chemical’s operations are highly integrated with refining
complexes. The Baton Rouge Chemical Plant benefits from feedstock
optimization and operational synergies with the Baton Rouge refinery.
Capture Full Benefits of Integration
Across ExxonMobil Operations
ExxonMobil supplies the global chemical industry from a
network of manufacturing sites around the world. More
than 90 percent of the chemical capacity that we own and
operate is integrated with our large refining complexes or
natural gas processing plants.
The benefits derived from integration are a key differentiating
factor that allows ExxonMobil to consistently outperform
competition. Our manufacturing sites are designed and
operated to take advantage of the flexibility and cost savings
that result from physical integration. For example, through
use of sophisticated computer models we can optimize
feedstock and production plans on a real-time basis.
Businesses Worldwide Rank
Based on Market Position
Commodities
Paraxylene ...........................................................................#1
Olefins .................................................................................#2
Polyethylene ........................................................................#2
Polypropylene ......................................................................#5
Specialties
Butyl Polymers ....................................................................#1
Fluids ...................................................................................#1
Plasticizers/Oxo Alcohols.....................................................#1
Synthetics ...........................................................................#1
Oriented Polypropylene Films ..............................................#1
Adhesive Polymers ..............................................................#1
Specialty Elastomers ...........................................................#2
Petroleum Additives .............................................................#2
5.0
4.0
3.0
2.0
1.0
Segment Earnings
Specialties
Differentiated Business Mix
(billions of dollars)
Commodities
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