Exxon 2012 Annual Report Download - page 2

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Statements of future events or conditions
in this report, including projections, targets,
expectations, estimates, and business plans, are
forward-looking statements. Actual future results,
including demand growth and energy mix; capacity
growth; the impact of new technologies; capital
expenditures; project plans, dates, costs, and capacities;
production rates and resource recoveries; efficiency gains;
cost savings; product sales; and financial results could differ
materially due to, for example, changes in oil and gas prices
or other market conditions affecting the oil and gas industry;
reservoir performance; timely completion of development
projects; war and other political or security disturbances; changes
in law or government regulation; the actions of competitors and
customers; unexpected technological developments; the occurrence
and duration of economic recessions; the outcome of commercial
negotiations; unforeseen technical difficulties; unanticipated
operational disruptions; and other factors discussed in this report
and in Item 1A of ExxonMobil’s most recent Form 10-K.
Definitions of certain financial and operating measures and other terms used
in this report are contained in the section titled “Frequently Used Terms” on
pages 44 and 45. In the case of financial measures, the definitions also include
information required by SEC Regulation G.
“Factors Affecting Future Results” and “Frequently Used Terms” are also available on
the “investors” section of our website.
Prior years’ data have been reclassified in certain cases to conform to the 2012 presentation basis.
The term “project” as used in this publication does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government
payment reporting. For example, a single project for purposes of the rule may encompass numerous properties, agreements, investments,
developments, phases, work efforts, activities, and components, each of which we may also informally describe herein as a “project.”
To Our Shareholders 2
Financial & Operating Results 4
The Outlook for Energy 6
Competitive Advantages 8
Global Operations 28
Upstream 30
Downstream 32
Chemical 34
Corporate Citizenship 36
Financial Information 39
Frequently Used Terms 44
Directors, Officers, and Affiliated Companies 46
Investor Information 48
General Information 49