Exxon 2013 Annual Report Download - page 37

Eric Whetstone • Whetstone Design
EDITOR
Julio E. Tamacas • Investor Relations
Exxon Mobil Corporation, Irving, TX
Office: 972.444.1135
Cell: 972.249.8901
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: [phone]
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ChemDemnd.ai
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Asia Pacic Rest of World
Industry Global Chemical Demand(1)
(millions of tonnes per annum)
250
200
150
100
50
02000 2010 2020
Rest of World Asia Pacic
"2000" 58.9 38.5
"2010" 74.6 79
"2020" 95.9 128.4
DATA as of 11/5/2013
Source: IHS Chemical and ExxonMobil estimates
(1) Includes polyethylene, polypropylene, and paraxylene.
Eric Whetstone • Whetstone Design
EDITOR
Julio E. Tamacas • Investor Relations
Exxon Mobil Corporation, Irving, TX
Office: 972.444.1135
Cell: 972.249.8901
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: [phone]
ATTENTION: OWNER
thoroughly proof the nal artwork, not
VERSION
APPROVED BY
FILE INFO
LAST FILE CHANGE MADE BY
C F75B S35B 13XOM-
IN F&O ON PAGE
IN SAR ON PAGE
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40
50
60
70
80
90
100
“2013”“2012”“2011”“2010”“2009”“2008”“2007”“2006”“2005”“2004”
“2004” 66.8 46.1
“2005” 63.4 44.9
“2006” 68.0 46.1
“2007” 72.0 46.8
“2008” 74.1 48.8
“2009” 78.0 56.1
“2010” 77.0 59.1
“2011” 79.3 60.9
“2012” 79.8 62.1
“2013” 83.4 60.3
DATA as of 02/14/2014:
U.S. Ethylene from Ethane(2)
(percentage)
100
90
80
70
60
50
40 0706052004 08 09 10 11 12 2013
ExxonMobil Industry Average
Source: Jacobs Consultancy The Hodson Report
(2) Includes ethane and ethane equivalent.
BUSINESS OVERVIEW
ExxonMobil Chemical is one of the largest chemical companies in the world, with a unique portfolio of commodity and
specialty businesses with annual sales of more than 24 million tonnes. We have world-scale manufacturing facilities in
all major regions of the world, and our products serve as the building blocks for a wide variety of everyday consumer
and industrial products.
We process feedstocks from ExxonMobil’s Upstream and Downstream operations, supplemented with market sources,
to manufacture chemical products for higher-value end uses. We focus on product lines that capitalize on scale and
technology advantages, building on our strengths in advantaged feedstocks, lower-cost processes, and premium
products. As a result, we have strong positions in the markets we serve, and we generate industry-leading returns
throughout the business cycle.
BUSINESS ENVIRONMENT
Worldwide chemical demand growth improved in 2013, and we anticipate further strengthening in 2014, linked to
growth of the broader economy. Most chemical demand growth is in Asia Pacific, driven by manufacturing of industrial
and consumer products both for worldwide export and to serve the growing Asian middle class. As middle-class
consumers seek higher standards of living, they are expected to purchase more packaged goods, appliances, cars,
tires, and clothing, many of which are manufactured from the chemicals produced by ExxonMobil. Asia Pacific has
accounted for more than two-thirds of global chemical demand growth since 2000, and we expect this trend to
continue. Over the next decade, we expect global chemical demand to grow by 50 percent, driven by improving
prosperity in developing countries.
Growing chemical demand is spurring new capacity investments around the globe, particularly in North America with
its abundant supplies of natural gas liquids. Over the last five years, unconventional natural gas development in North
America has brought significant benefits to domestic chemical producers by providing both low-cost feedstock and
energy savings. This has greatly improved the global competitiveness of existing assets, enabling North American
producers to export chemical products competitively to growth markets around the world.
With our global network of highly competitive world-scale facilities, ExxonMobil Chemical is well positioned to meet the
needs of Asia, Africa, Latin America, and other growth markets. While the relative attractiveness of feedstocks changes
over time, our feed flexibility, global supply capability, and integration across ExxonMobil operations allow us to quickly
adapt to changing market conditions and consistently outperform competition.
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