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Chemical
CHEMICAL STATISTICAL RECAP 2011 2010 2009 2008 2007
Earnings (millions of dollars) 4,383
4,913 2,309
2,957
4,563
Prime product sales(1) (thousands of tonnes) 25,006
25,891 24,825
24,982
27,480
Average capital employed(2) (millions of dollars) 19,798
18,680 16,560
14,525
13,430
Return on average capital employed(2) (percent) 22.1
26.3 13.9
20.4
34.0
Capital expenditures(2) (millions of dollars) 1,450
2,215 3,148
2,819
1,782
(1) Prime product sales include ExxonMobil’s share of equity-company volumes and finished-product transfers to the Downstream.
(2) See Frequently Used Terms on pages 44 and 45.
ExxonMobil Chemical has highly competitive assets, an array of proprietary technologies, and
global reach. Additionally, integration with ExxonMobil’s Upstream and Downstream businesses
is a key differentiator that allows us to consistently outperform competition, as demonstrated
by our 2011 results.
RESULTS & HIGHLIGHTS
Industry-leading safety performance
as measured by lost-time incidents, and exemplary safety performance at
our Singapore expansion project, the largest project in our history
Earnings of $4.4 billion,
reflecting the positive impact of advantaged feedstocks, a high degree of integration
and feedstock flexibility, and record results in our specialty businesses
Return on average capital employed of 22.1 percent,
averaging 21.8 percent over the last 10 years and
outperforming competition throughout the business cycle
Prime product sales of 25.0 million tonnes,
with record
metallocene product sales
Capital expenditures of $1.5 billion,
with selective investments in specialty business growth, high-return
efficiency projects, and low-cost debottlenecks
Achieved full operational capability at Shanghai Technology Center,
as a suite of advanced testing
and application instruments is delivering innovative, sustainable solutions to our customers
Mechanically completed several units of our Singapore expansion,
including facilities that
produce polyethylene, polypropylene, aromatics, and elastomers
Began construction of a world-scale plant for manufacture of next-generation synthetic
lubricant basestock,
employing our proprietary metallocene catalyst technology and leveraging integration
with our Baytown refining-chemical complex
34 ExxonMobil • 2011 Summary Annual Report