Exxon 2008 Annual Report Download - page 5

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Pursuing an integrated set of solutions is vital to meeting
growing demand. ExxonMobil is actively exploring for
new resources in challenging locations and is committed
to the development of technological advancements that
will be required to develop those resources. We are also
strengthening our partnerships with resource owners
and governments. In addition ExxonMobil is improving
energy efficiency and taking effective steps to curb
emissions in our operations.
Our ability to develop, apply, and deploy innovative
technology will remain a key competitive advantage.
Our investments in research and development, totaling
more than $3.7 billion over the past five years, are fueled
by the talent of ExxonMobil’s nearly 15,000 scientists
and engineers. ExxonMobil is on the cutting edge of
advancing new energy technologies – both in our core
business areas and in new, energy-saving innovations.
We are pioneering new technologies for finding,
developing, producing, refining, and delivering energy
while improving efficiency, reducing environmental
impact, and enhancing safety. For example technological
breakthroughs allow us to map undersea reservoirs,
drill horizontally under arctic oceans, and develop new
battery component technologies for hybrid and electric
cars, enabling ExxonMobil to help meet the world’s
energy needs.
The people we employ are at the core of ExxonMobil’s
achievements. Our success is driven by the dedication
of these talented men and women who are committed
not only to the results they deliver, but also to upholding
the ethical standards we demonstrate every day in our
business operations around the world.
Our commitment to being a good corporate citizen
is an extension of our ethical standards. Protecting
our employees, supporting local communities, and
safeguarding the environment are principles of corporate
citizenship that we believe are a priceless asset.
ExxonMobil’s National Content strategy extends our
citizenship commitment to the host nations where we
operate. We strive to promote economic development
by employing and training a local workforce, using
local suppliers of goods and services, and investing
in infrastructure projects to support education
and healthcare.
We reflect on the year’s successes knowing that
significant challenges remain in the future. I am confident
that ExxonMobil’s competitive advantages position us
well to meet these challenges. We will continue to deliver
superior performance through disciplined investment,
the strength of our functional organization, our ongoing
commitment to technology, and maintaining our focus
on safety and operational excellence.
Rex W. Tillerson
Chairman and CEO
E X X O N ฀ M O B I L ฀ C O R P O R A T I O N ฀ •฀ 2 0 0 8 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T 3