Exxon 2010 Annual Report Download - page 28

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ExxonMobil Chemical, one of the largest chemical companies in the world,
had a record year in 2010 with performance unmatched by competition.
Our competitive advantages are the result of disciplined execution
of our strategies over many business cycles.
STRATEGIES
➤
Focus on businesses that capitalize on core competencies
➤
Build proprietary technology positions
➤
Capture full benefits of integration across ExxonMobil operations
➤
Consistently deliver best-in-class performance
➤
Selectively invest in advantaged projects
– We manage our capital portfolio to enhance
our access to advantaged feedstocks, deploy lower-cost processes, and grow premium products.
Our advantaged growth projects deliver superior returns throughout the business cycle and are
durable over a wide range of market conditions. Efficiency projects make up an appreciable
portion of our investment. We continue to invest in technology to make further breakthroughs
in products and processes to maintain and extend our competitive advantage.
(Photo)
A new steam-cracking furnace
is in transit to be installed as part of
our Singapore expansion. The furnace
is the largest of its kind: 15 stories tall,
weighing the equivalent of five jumbo
commercial airplanes. Employing our
state-of-the-art proprietary technology,
this is one of seven furnaces that are
part of a feed-flexible steam cracker
adding 1 million tonnes per year of
ethylene capacity. When the project is
complete, Singapore will be the site of
ExxonMobil’s largest integrated complex
in the world.
Chemical