Exxon 2009 Annual Report Download - page 6

In 2009, ExxonMobil and XTO Energy announced an
all-stock transaction that will enhance ExxonMobil’s
position in the development of unconventional natural
gas and oil resources. We are confident that the
combination of our complementary strengths will open
new opportunities to meet growing global energy demand
and build value for our shareholders.
In our Downstream and Chemical businesses, we have
maintained our long-term strategic approach during
the recent economic downturn. Around the world, we
continued to capture new efficiencies and benefit from
our integration and operating flexibility, helping us to
maximize the value of our assets and resources. In 2009,
in the growing Asia Pacific market, we and our partners
successfully started up China’s first integrated refining
and petrochemical complex with foreign participation.
We remain focused on operational excellence and the
disciplined execution of our business strategies, which
position us well for the future.
Underpinning success across all of our businesses is
our commitment to technology. We have invested more
than $4 billion in research and development over the
last five years. These investments have led to several
technological breakthroughs that enable us to map
undersea reservoirs, drill horizontally under arctic oceans,
and efficiently transport cleaner-burning natural gas to
markets worldwide. We have also worked with vehicle
manufacturers to improve fuel economy through
advanced plastics, new tire-lining technology, and
synthetic lubricants. In 2009, we launched a multimillion
dollar research initiative with Synthetic Genomics Inc.
to explore the development and commercialization of
algae-based biofuels.
Through these efforts and many others, ExxonMobil is
engineering integrated solutions to help meet the world’s
growing energy needs while managing emissions.
Of course, none of our Corporation’s technological
advances – or our industry-leading operational
excellence – would be possible without the talented
men and women of ExxonMobil. Our success and our
innovations are driven by their ingenuity and dedication.
Year after year, they prove they care not just about
results, but how those results are achieved. Their
dedication to upholding our high ethical standards
for business wherever ExxonMobil operates and their
unending diligence to protect people, communities, and
the environment are essential to our continued success.
Our National Content strategy enables us to make a
positive change in the communities in which we operate,
by opening doors of opportunity in host nations to
promote economic development by employing and
training local workforces and investing in infrastructure
projects to support education and healthcare.
As the world recovers from the current economic
downturn, ExxonMobil will continue to look beyond the
current business environment and focus on long-term
business success and long-term growth in shareholder
value. We will continue to pursue opportunities to
enhance our portfolio to ensure our businesses remain
well-positioned to deliver industry-leading performance
at the top and bottom of the business cycle. We remain
committed to meeting future growing energy demand
through long-term planning, disciplined investment,
operational excellence, and strong technological
leadership.
On behalf of the men and women of ExxonMobil, I am
grateful to our shareholders who have placed their trust
and confidence in us. We look forward to the successes
to come.
Rex W. Tillerson
Chairman and CEO
ExxonMobil has a steadfast commitment to the business principles that have proven successful
for฀over฀125฀years.฀Our฀business฀approach฀–฀effective฀long-term฀risk฀management,฀disciplined฀
capital฀investment,฀enduring฀business฀controls,฀and฀an฀unwavering฀commitment฀to฀safe฀and฀
reliable฀operations฀–฀sets฀us฀apart฀from฀industry฀competition฀and฀allows฀us฀to฀continue฀to฀
grow long-term shareholder value.
EXXON฀MOBIL฀CORPORATION฀ •฀ 2009฀SUMMARY฀ANNUAL฀REPORT 3