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Progress Through Partnership Progress Through Partnership Table of Contents Progress Through Partnership Progress Through Partnership Table of Contents About ExxonMobil . 2 Financial Strength . 4 . Project Management Expertise . 6. Technology and Innovation . 8 . Safety . .10 . Corporate Citizenship . 12 Economic Development . 16. Environmental Stewardship . 20. Integrity . 24 . Partnerships . 26. 4 About ExxonMobil Crude Oil & Natural Gas Feedstocks ExxonMobil is the world’s largest publicly world-class operational performance . ExxonMobil traded oil and gas company. For more is committed to meeting these challenges with our than 125 years, we have helped provide industry, government and community partners . the energy that is fundamental to improving the lives of billions of people We are a globally integrated around the world. company, with Upstream, Downstream and Chemical Upstream Downstream Chemical Energy underpins human comfort, mobility, economic operations on six continents . prosperity and social progress . It touches nearly every aspect of modern life . We take our role to supply Upstream energy seriously, and we recognize that it comes Our Upstream business encompasses high-quality with many responsibilities — to our shareholders, exploration opportunities across all resource types and • ExxonMobil is the world’s largest publicly traded oil and gas company, neighbors, customers and communities . ExxonMobil is geographies, industry-leading execution capabilities, with more than 125 years of experience in oil and gas operations. a preferred partner for oil and gas operations around a portfolio of world-class projects and a diverse set • We are a globally integrated company, with upstream, downstream the world because of our employees, technical expertise, ExxonMobil is a of producing assets . We have an active exploration or and chemical operations on six continents. execution capabilities, financial strength, global reach production presence in about 35 countries . leading integrated oil • ExxonMobil is a preferred partner for oil and gas operations around and the management practices built into the fabric of the world because of our employees, technical expertise, execution our operations . and gas company Downstream capabilities, financial strength, global reach and the management practices built into the fabric of our operations. We are a globally integrated company, with Upstream, Our balanced Downstream portfolio includes refining Downstream and Chemical operations on six continents . facilities in more than 15 countries . We are one of the We participate in the development of all major resource world’s largest integrated refiners and manufacturers types and supply key markets with high-value petroleum of lube basestocks and a leading marketer of petroleum and petrochemical products . products and finished lubricants . Our high-value products, combined with a strong global refining and We derive significant value from our globally integrated distribution network, position us as a premier supplier business model, which enables us to maximize the around the world . value of every molecule we produce and leverages the advantages of our organizational structure . This Chemical integration results in structural and market advantages ExxonMobil Chemical is one of the largest chemical that are difficult for competitors to replicate . companies in the world . Our unique portfolio of specialty and commodity businesses delivers superior returns Today, more oil and gas resources are stranded in across the business cycle . Enabled by proprietary remote areas and challenging operating environments . technologies, we manufacture high-value chemical Major projects are more capital intensive, and operating products in more than 15 countries . With a major complexity places even greater emphasis on superior presence in Asia Pacific, we are well-positioned to execution . What remains unchanged is ExxonMobil’s competitively supply the rapid chemical demand growth long-term perspective, disciplined approach to in this region . investment, technological leadership and focus on 2 3 Financial Strength ExxonMobil can help structure unique Unparalleled position deals to bring vital resources to market We maintain a financial position unparalleled in the by leveraging unmatched experience and industry . Rating agencies Moody’s and Standard & Poor’s relationships with financial institutions. recognize our superior financial strength as reflected in the ratings that they assign to ExxonMobil . In fact, our disciplined investment approach has earned us a position Financial capacity as the highest-rated international energy company . This ExxonMobil’s project execution record improves lenders’ financial strength gives us the capacity to pursue and perceptions of project risk and often results in our finance attractive investment opportunities throughout projects enjoying access to capital at superior rates . We the business cycle . have an extensive track record of successfully placing financing for major projects with optimal financing terms Disciplined investing at the lowest possible cost . ExxonMobil’s disciplined approach to investing focuses on the efficient use of capital . We gain advantage in our We work with all types of partners on complex projects investments over the long term by combining rigorous using innovative commercial and financing structures to standards for project assessment with proven project facilitate business objectives . ExxonMobil has established development expertise . This discipline is applied across relationships with major project finance lenders — our entire portfolio and includes identification of key commercial banks, capital markets, export credit growth opportunities and divestment of assets that no agencies, multilateral agencies and bilaterals — longer meet our long-term objectives . Our return on and works with partners through the Joint Finance capital employed averaged 21 percent over the last five • Our disciplined investment approach has earned us a position as the Team approach . This enables us to achieve efficient deal years, and we continue to lead the competition in highest-rated international energy company. execution with optimum commercial and financial terms this measure of long-term shareholder value . ExxonMobil is • Our return on capital employed averaged 21 percent over the last for those involved in development . unmatched in five years, and we continue to lead the competition in this measure We have financed more than $72 billion in projects of long-term shareholder value. since 2000 . An example of our project financing financial strength • Our expertise and relationships have enabled more than $72 billion expertise is the Papua New Guinea LNG Project, the in project financing since 2000. largest construction project in this country’s history . Ultimately, around $19 billion in project costs were funded by partners, a variety of export credit agencies and commercial banks . The deal was recognized as the Global Deal of the Year in 2010 by Infrastructure Journal . 4 5 Project Management Expertise Industry-leading project execution Capital Projects Management System ExxonMobil consistently delivers complex, integrated Our ExxonMobil Capital Projects Management System projects on time and on budget . Our project (EMCAPS) provides a framework to guide project management expertise is a result of the company’s development and execution . The system facilitates integrated organizational structure, consistent the consideration of environmental concerns and implementation of standards worldwide and focus regulatory requirements early in the project design and on achieving long-term returns for ExxonMobil implementation process . The standards focus on the and its partners . most common types of impacts associated with oil and gas development . This proven project management Operations Integrity Management System system incorporates best practices developed from our We use management systems throughout our global extensive worldwide experience to rigorously manage our operations to ensure consistent application of high global project portfolio from initial discovery to startup . operating standards . ExxonMobil’s Operations Integrity Management System is widely regarded as Rigorous standards, long-term returns a model for exceptional operational performance . It Investment decisions in the energy industry are provides a risk management framework with rigorously characterized by time horizons measured in decades . applied systems and processes to manage the safety, We test projects over a wide range of scenarios to security, health and environmental risks inherent in our ensure that all relevant risks — including financial, fiscal, business and to achieve excellence in our operational commercial, environmental and technical — are properly performance . We continually assess the framework and identified, thoroughly evaluated and effectively managed . its effectiveness, and we incorporate lessons learned As a result, ExxonMobil-operated projects perform to further improve performance . We use this approach at better cost and schedule certainty than projects ExxonMobil’s project • ExxonMobil’s model for operational excellence forms the around the world in all of our business lines and operated by others in which we have an interest . execution record is cornerstone of our commitment to exceptional performance. regularly test for system compliance . unparalleled in the oil • ExxonMobil-operated projects outperform industry averages on and gas industry cost
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