Exxon 2009 Annual Report Download - page 5

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To Our Shareholders
ExxonMobil’s 2009 results demonstrated again the strength of our business model and our ability to
excel under even the most challenging economic conditions. We confirmed once again that we are
committed to a long-term vision of investing with discipline, improving operational efficiency, and
increasing shareholder value.
In the midst of the global economic downturn of the past year, all three
of our businesses – Upstream, Downstream, and Chemical – continued
to lead the industry worldwide in performance. Earnings were $19 billion.
Return on average capital employed (ROCE) was 16 percent.
Cash flow from operations and asset sales was $30 billion.
For our shareholders, our leadership in 2009 has allowed us
to return value to them. Through our dividends and share
buybacks, our Corporation distributed a total of $26 billion
to our shareholders in 2009. Over the past five years,
we have distributed a total of more than $150 billion to
our shareholders.
Energy is the lifeblood of modern economies. For this
reason, ExxonMobil continues to invest for the long term,
secure in the belief that economic growth will return.
In 2009, our capital and exploration expenditures were
$27 billion. Over the next five years, we will continue to
invest record amounts, more than $125 billion, to
advance new technologies, deliver new Upstream
projects, increase production of higher-value refined
products, and grow our Chemical business.
Another important measure of our long-term commitment
to excellence is our industry-leading safety record.
In 2009, we achieved best-ever lost time incident rates
for our combined employee and contractor workforce.
We continue to demonstrate our commitment to improving
environmental performance and reducing environmental
impacts. In 2009, we recorded zero spills from company
owned and operated marine vessels and reduced
Upstream hydrocarbon flaring by over 20 percent.
For our Upstream business, 2009 was a strong year.
Together with our partners, we started up eight major
projects in the United States, the United Kingdom, Norway,
Italy, and Qatar. These projects not only deliver new
supplies of crude oil and natural gas to the world,
but also provide significant value for resource owners
and for our shareholders.
EXXON฀MOBIL฀CORPORATION฀ •฀ 2009฀SUMMARY฀ANNUAL฀REPORT
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