Exxon 2011 Annual Report Download - page 13

DOWNSTREAM
ExxonMobil’s Downstream portfolio includes a refining network with full or partial ownership in 36 refineries. We are one of the
most geographically balanced major oil companies with about 40 percent of our refining capacity in North America, 30 percent
in Europe, and the balance largely in the Asia Pacific region. This geographic diversity provides great flexibility in supplying
refined products to major markets. We also have the largest lubricant basestock production capacity in the world.
We sell a wide range of petroleum products in more than 120 countries, including transportation fuels such as gasoline and
diesel, which are sold through our global brands: Exxon, Mobil, and Esso. We are a market leader in high-value synthetic
lubricants, including our Mobil 1 brand, and we continue to grow the business in key markets at rates considerably faster
than competition.
Our high-quality products, combined with a strong refining and distribution network, position us as a sought-after and
reliable supplier around the world.
CHEMICAL
ExxonMobil’s Chemical business also produces and sells a broad portfolio of products. Lower-cost, high-volume commodity
chemicals, such as many general purpose plastics, capture upside earnings when margins are strong and provide a low
cost structure for co-located specialties production. Specialty products, including high-end polymers and lubricant additives,
command a market premium due to their usefulness in higher-value applications. They also provide a stable and steadily
growing earnings base that helps to support earnings during the market cycles that characterize the chemical business.
Our chemical manufacturing shares a broad geographic presence with refining. This diversity helps us to competitively supply
the global market, optimize operations, and capture regional differences in demand. For example, our U.S. Gulf Coast plants
have access to advantaged lower-cost feedstocks and supply markets in Latin America, Europe, and Asia.
Our Chemical portfolio has a broad geographic presence, including this plant in Singapore (left). We are a market leader in synthetic
lubricants, including Mobil 1, shown (right) at a fill line in our Paulsboro, New Jersey, lube oil blending facility.
UP CLOSE:
ROSNEFT STRATEGIC
COOPERATION AGREEMENT
In 2011, the Russian firm Rosneft and ExxonMobil signed
a Strategic Cooperation Agreement to jointly participate in
exploration and development activities in Russia, the United
States, and other parts of the world. This agreement, once
finalized, will allow us to jointly assess and develop the oil
and gas prospects from 31 million acres in the Kara Sea,
an area similar in size to the central U.S. Gulf of Mexico.
Eric Whetstone • Whetstone Design
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EDITOR
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Exxon Mobil Corporation, Irving, TX
ofce: 972-444-1135 • cell:972-890-5469
fax: [phone]
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studio/cell: 214-906-4162 • fax: [phone]
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