Exxon 2010 Annual Report Download - page 10

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Meeting the energy challenge requires
world-class people, technology leadership,
and financial strength.
ExxonMobil has invested over $125 billion in the
last five years to advance new technologies,
pursue attractive Upstream projects, increase
production of lower-sulfur fuels in the Downstream,
and strategically grow our Chemical business.
ExxonMobil is committed to continuous innovation because the world’s growing and
evolving energy needs demand nothing less. This commitment, combined with our talented
people and financial strength, is a powerful advantage in meeting the energy challenge.
World-Class People
One reason for ExxonMobil’s success is our ability to attract and retain the brightest minds.
Our goal is to develop our employees to have the highest technical and leadership capabilities in the industry. ExxonMobil
employs more than 16,000 scientists and engineers, more than 1000 of them with PhDs. Their expertise is not only in geology,
chemistry, and physics, but also oceanography, paleontology, and microbiology, as well as computer, environmental, and
medical science. Investing in our people creates a sustainable source of competitive advantage.
Technology Leadership
ExxonMobil’s ongoing commitment to technology is also a competitive advantage, and
we are recognized as an industry leader. For example, we continue to build on the seismic and reservoir modeling technologies
that we pioneered, which today enable us to identify new resource opportunities, drill more accurately, and improve recovery.
We use our advanced Molecule Management technology in
our plants to optimize the value of every hydrocarbon
molecule, while minimizing energy use. ExxonMobil has
developed technologies that can make vehicles more
fuel efficient, including polymers that help tires stay inflated
longer, lightweight plastics for automotive parts, and
advanced lubricants.
Financial Strength
ExxonMobil’s financial position remains unparalleled in industry. In today’s challenging economic
environment, this represents a unique competitive advantage. Moody’s and Standard & Poor’s both recognize our superior
financial strength by assigning the highest credit rating to our financial obligations. ExxonMobil is one of very few public
companies that has maintained this credit rating consistently for decades. Our financial strength gives us the flexibility to pursue
and finance attractive investment opportunities throughout the business cycle. In 2010, ExxonMobil invested $32.2 billion to
develop new projects to help meet growing global demand safely, efficiently, and in an environmentally responsible manner.
In today’s challenging energy industry,
a commitment to innovation is essential.
ExxonMobil leads industry in ongoing
investment in technology.
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EXXON฀MOBIL฀CORPORATION฀ •฀ 2010฀SUMMARY฀ANNUAL฀REPORT