Exxon 2013 Annual Report Download - page 25

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We continue to expand our high-value lubricants
business. Sales of our industry-leading products, Mobil1,
Mobil SHC, and Mobil Delvac 1, have almost doubled in
the last 10 years and are growing at a faster rate than
industry. To further capture profitable growth, we are
increasing our capacity to produce high-performance
lube basestocks at our facilities in Texas, Louisiana, and
Singapore. We are also expanding our lube oil blending
capacities in the United States, Finland, and China,
supporting the growing demand for finished lubricants
in key markets.
REDUCING RAW MATERIAL COST
Downstream investments will also continue to expand
refinery feedstock flexibility in order to lower raw material
costs and increase margins. Our major focus will remain
in North America, where increased crude oil production is creating attractive downstream investment opportunities.
ExxonMobil has the largest combined mid-continent and Gulf Coast refining capacity, and refineries in these regions are
benefiting from the growing North American crude oil supply. Our investments in these facilities will further expand
our capability to process both light and heavy crude oil.
EXPANDING LOGISTICS CAPABILITY
We are investing to strengthen our crude oil and product
logistics capabilities, particularly in North America.
For example, in 2013, we acquired a controlling interest
in the Wolverine Pipeline system to improve our U.S.
mid-continent product logistics. We also recently began
construction of a new crude oil rail export terminal in
Edmonton to provide cost-advantaged logistics for the
growing supply of Western Canadian crude oil. The new
terminal will begin operating in 2015 with a capacity
of up to 250 thousand barrels per day. Additional
investments will expand product export capabilities
at our large U.S. Gulf Coast refineries.
WORLD-CLASS OPERATING EFFICIENCY
Underpinned by disciplined investments, worldwide
cash operating cost for our portfolio of refineries has
been well below the industry average and consistently
outperforms competition. Future investments will
strengthen our cost advantage. For example, building
on our leadership position in cogeneration, we recently
started up a new project at our refinery in Augusta, Italy,
and are progressing plans for the next project at our
refinery in Singapore.
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02010 2011 2012 2013
(volume, indexed)
ExxonMobil U.S. Gulf Coast Advantaged Crude Rening
Light Heavy
Eric Whetstone • Whetstone Design 
EDITOR
Julio E. Tamacas • Investor Relations
Exxon Mobil Corporation, Irving, TX
Office: 972.444.1135
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: 817-924-7784
ATTENTION: OWNER
thoroughly proof the nal artwork, not
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Future downstream investments are expected to increase
high-value product yields, reduce raw material cost,
and improve operating efficiency at advantaged sites,
such as our Baytown Refinery.
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