Exxon 2011 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2011 Exxon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

BUSINESS OVERVIEW
ExxonMobil’s Downstream is a large, diversified business with a global portfolio of world-class refining and distribution facilities,
lube oil blend plants, and marketing operations. Operational excellence and technology underpin our Downstream business
activities. As the largest global refiner and lube basestock manufacturer, we have a strong presence in the higher-growth
Asia Pacific region as well as in mature markets in North America and Europe. We have an ownership interest in 36 refineries
with distillation capacity of 6.2 million barrels per day and lubricant basestock capacity of 131 thousand barrels per day.
We lead industry with more than 75 percent of our refining capacity integrated with chemical or lubes. Our fuels and lubricants
marketing businesses have global reach through market channels that serve a globally diverse customer base. Technology
leadership enables us to offer innovative products and services that help deliver tangible performance benefits for both
customers and industry. World-class brands, including Exxon, Mobil, and Esso, are well-known, and our supply reliability
and strong customer focus underpin the commercial success of our brands.
BUSINESS ENVIRONMENT
By 2040, energy demand for transportation fuels is
forecast to increase by nearly 45 percent versus 2010.
Growth in developing markets, such as China, India, and
the Middle East, is expected to more than offset flattening demand in more mature, developed markets. We also anticipate
a continued shift in product mix as growth in the heavy-duty transportation sector will drive increases in diesel demand.
Gasoline demand is expected to flatten and then decline with continued improvements in light-duty vehicle efficiency.
Total lubricant demand is expected to grow approximately 1 percent per year on increased industrial activity with the
strongest growth expected in the Asia Pacific region.
Despite the potential positive effects of this energy demand growth on our Downstream business, we expect the challenging
business environment to continue as new capacity additions outpace overall growth in global demand. As a result, our
long-term outlook is that refining margins will remain weak. However, our business model, coupled with our strengths, allows
us to capture strong margins at the top of the cycle and outperform competition at the bottom of the cycle. The results we
consistently achieve demonstrate the resiliency of our business as the Downstream continues to deliver industry-leading
returns throughout the business cycle.
Eric Whetstone • Whetstone Design
ofce: 214-583-6118 • cell:
EDITOR
Neil Hansen • Investor Relations
Exxon Mobil Corporation, Irving, TX
ofce: 972-444-1135 • cell:972-890-5469
fax: 972-444-1505
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: 817-924-7784
(c) 2012, ZM Graphics, Inc. Image can not be resold
ATTENTION: OWNER
white chart, which is then used as a
accurate. However, the color chart is
artwork buiilt by a human. Therefore, the
artwork, not JUST the data list.
VERSION
APPROVED BY
Feb. 16, 2012
FILE INFO
LAST FILE CHANGE MADE BY
55A 11XOMFO-
TransprtEnrgyDmnd.ai
IN F&O ON PAGE
IN SAR ON PAGE
Note:
S 33A
Includes link le
(millions of oil-equivalent barrels per day)
Transportation Energy Demand
OECD(1) Non-OECD
70
60
50
40
30
20
10
0
10
20
30
40
50
60
70
“2040”“2035”“2030”“2025”“2020”“2015”“2010”“2005”“2000”
“2000” 26.8 12.45
“2005” 28.68 15.08
“2010” 27.96 19.65
“2015” 28.77 24.02
“2020” 28.82 27.72
“2025” 28.55 31.14
“2030” 28.33 34.6
“2035” 27.82 37.74
“2040” 27.38 40.69
DATA AS OF 01/13/2012
IS IN
SAR and F&O
(1) OECD = Organisation for Economic Co-operation and Development.
Source: ExxonMobil, 2012 The Outlook for Energy: A View to 2040
2000 2020 2030 2040
2010
Eric Whetstone • Whetstone Design
ofce: 214-583-6118 • cell:
EDITOR
Neil Hansen • Investor Relations
Exxon Mobil Corporation, Irving, TX
ofce: 972-444-1135 • cell:972-890-5469
fax: 972-444-1505
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: 817-924-7784
(c) 2012, ZM Graphics, Inc. Image can not be resold
ATTENTION: OWNER
white chart, which is then used as a
accurate. However, the color chart is
artwork buiilt by a human. Therefore, the
artwork, not JUST the data list.
VERSION
APPROVED BY
Feb. 16, 2012
FILE INFO
LAST FILE CHANGE MADE BY
55B 11XOMFO-
PetroProdDmnd.ai
IN F&O ON PAGE
IN SAR ON PAGE
Note:
S 33B
Includes link le
0
10
20
30
40
50
“2040”“2035”“2030”“2025”“2020”“2015”“2010”“2005”“2000”
(millions of oil-equivalent barrels per day)
Petroleum Product Demand(1)
Gasoline Diesel
“2000” 19.03 12.07
“2005” 20.25 14.07
“2010” 21.03 15.51
“2015” 22.01 18.13
“2020” 21.82 20.31
“2025” 21.26 22.44
“2030” 20.71 26.54
“2035” 19.96 27.55
“2040” 19.23 28.68
DATA AS OF 02/02/2012
IS IN
SAR and F&O
50
40
30
20
10
(1) Excludes other petroleum products (e.g., heating oil, fuel oil, liquefied
petroleum gas, kerosene, jet fuel, naphtha).
2000 2020 204020302010
Our Downstream business delivers long-term
shareholder value that is superior to competition
across a range of market conditions.
33