Exxon 2012 Annual Report Download - page 3

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Energy is the lifeblood of prosperity.
It supports higher living standards and enables people around the world
to live, work, and achieve as never before. As we look to the future and the
energy challenges ahead, one thing is certain: Even with growing efficiency,
the world is going to need more energy. Billions of people alive today, and
yet to be born, will need affordable and reliable supplies of energy to
realize their hopes and aspirations.
Meeting this challenge requires technological innovation and disciplined
investment focused on long-term value creation. It requires a commitment
to integrity and protecting the environment. Our competitive advantages –
a balanced portfolio, disciplined investing, high-impact technologies,
operational excellence, and global integration – position us well to help
meet this challenge and create long-term value for our shareholders.
Photo: Construction and fabrication activities are progressing on the Papua
New Guinea Liquefied Natural Gas project with start-up scheduled for 2014.
Cover Photo: The Kearl Initial Development project began commissioning
activities in 2012. Following the completion of future expansion and
debottlenecking projects, Kearl is expected to produce 345 thousand
barrels of bitumen per day.