Exxon 2012 Annual Report Download - page 14

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Our diverse resource and asset base offers a large inventory of high-quality
investment options. We carefully evaluate these opportunities across a
range of market conditions and time horizons that often span decades.
We advance only those projects likely to provide long-term
shareholder value, and focus on the efficient use of capital
to achieve superior investment returns.
Photo: In 2012, we began production from
the Kizomba Satellites Phase 1 project as
part of our world-class Angola Block 15
development offshore West Africa. The project
was completed ahead of schedule and with
industry-leading safety performance.
We also minimized project cost by utilizing
our existing floating production, storage,
and offloading facilities.
28 major
Upstream project
start-ups between 2013
and 2017
25 percent
return on capital
employed across our
worldwide operations,
leading the industry
Disciplined Investing
COMPETITIVE ADVANTAGES:
12 EXXONMOBIL 2012 SUMMARY ANNUAL REPORT