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lubricants, to meet growing consumer demand. We also continue ongoing investments to improve feedstock flexibility
and energy efficiency, which in turn improves business profitability.
ExxonMobil is also one of the world’s largest chemical companies and manufactures a unique mix of commodity and
specialty chemical products. We are strengthening our commodity business by making strategic investments that capture
advantaged feedstocks, deploy lower-cost processes, and increase premium product sales. A good example is the
recently completed Singapore Chemical Expansion project. This expansion builds on a large, integrated platform with
advanced feedstock capability, and produces premium products to meet the demands of growing Asian economies.
Another example is in Saudi Arabia, where ExxonMobil is partnering with Saudi Basic Industries Corporation to
develop a specialty elastomers plant to serve growth markets in the Middle East and Asia. In the United States, we
are progressing plans to construct a new world-scale ethane cracker and associated premium polymer capacity at our
Gulf Coast facilities.
The advanced technologies that enable us to find, develop, and produce energy sources, as well as manufacture
transportation fuels and chemical products, are rooted in an ongoing commitment to research. With the ingenuity
of our 18,000 scientists and engineers, and $1 billion annual investment in research and development, ExxonMobil is
dedicated to pioneering the science and technology of energy.
The methods the company employs to attain results are as important as the results themselves.
We remain committed to being a responsible corporate citizen providing energy and
products the world over to support economic improvement and enable social
progress. Our own estimates of long-range energy demand suggest oil and
natural gas will remain essential and growing sources of energy in the coming
decades, even as societies address the risks associated with rising greenhouse
gas emissions. We expect natural gas usage to grow faster than any other fuel
type, and be a significant factor in helping reduce energy-related carbon dioxide
emissions. Working with valued partners throughout our communities,
we also support programs that target health issues such as malaria
eradication, enhance math and science education, and develop
economic opportunities for women.
Essential to our success are the talented men and women
of ExxonMobil and their dedication to the highest integrity and
commitment to ethical behavior. From the way we design and
operate our facilities, to how we engage our business partners,
governments, and stakeholders, our commitment to integrity
pervades everything we do. We maintain an unwavering focus
on safety and environmental responsibility.
Thank you for your investment in ExxonMobil. I appreciate
the confidence investors have in our company, employees,
and ability to deliver long-term shareholder value by
supplying the world’s energy needs. As you read this year’s
Summary Annual Report, you will see your investment
dollars at work to help bring energy and greater prosperity
to people, societies, and the world, and to discover the
energy breakthroughs of tomorrow.
Rex W. Tillerson, Chairman and CEO
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