Malaysia Partnership Plus Plenti Program Raising the Bar King Ranch Tour OFC1 Hadrian Startup Chemicals Outlook – 1 No

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Photo by Jeffry Lim 13 9 25 5

Upfront

Rex W. Tillerson During his address at IHS half-century of partnership and Mexico. At 7,600 feet, this devel- Chairman and CEO Mark W. Albers CERAWeek, the international progress in Malaysia. From early opment set a world record, and Senior Vice President gathering of energy leaders and exploration efforts in the 1960s next year the nearby Julia field will Michael J. Dolan Senior Vice President policymakers, Exxon Mobil to our operations today, our long begin producing oil from reservoirs Andrew P. Swiger Corporation Chairman and CEO relationship has helped Malaysia nearly 5 miles below the seafloor. Senior Vice President Rex W. Tillerson cited how scien- become one of Asia’s leading The story of these challenging Jack P. Williams Senior Vice President tific and engineering advances are economies. projects begins on page 13. Darren W. Woods shaping the modern world. The U.S. chemical industry is Plus Plenti, a new consumer Senior Vice President But, he also noted that while experiencing a renaissance, and loyalty program (page 17); Kenneth P. Cohen Vice President-Public and Government Affairs 21st century society is benefiting ExxonMobil Chemical is at the pro bono community service by Jeffrey J. Woodbury from a transformed energy land- forefront of this growth, invest- ExxonMobil attorneys (page 21); Vice President-Investor Relations and Secretary scape, our U.S. industry struggles ing in new facilities. As part of looking back at the King Ranch Bob Davis Editor under policies shaped by 1970s this story, which begins on page (page 25); and added oil produc- Pat Gabriel thinking. Mr. Tillerson outlined 9, Neil Chapman, president of tion in Angola (page 31). GCG Marketing Art Director four policy changes to address ExxonMobil Chemical Company, We hope you enjoy this issue Len Shelton this, while increasing supplies, discusses the opportunities of The Lamp. Photography Coordinator jobs and energy security. A sum- presented by demand growth, Cynthia Solomon Production and Distribution Coordinator mary of his speech begins on the and his organization’s long-term next page. approach to continued success.

Please address all Lamp correspondence, Our cover story, starting on We started production at the Bob Davis including requests to reproduce any portion page 5, highlights ExxonMobil’s Hadrian South field in the Gulf of Editor of the magazine, to the editor at Exxon Mobil Corporation, 5959 Las Colinas Blvd., Irving, TX 75039-2298.

In this issue 3 9 21 Energy, technology and policy Chemicals bright outlook Raising the bar Digital issue now available Policymakers and the industry face New projects, new jobs, more exports Company attorneys volunteer A digital issue of The Lamp is historic opportunity time and expertise now available online. Please visit 13 exxonmobil.com/digitallamp 5 Into the ultradeep 25 to have a look. Half-century partnership Setting company and industry American success story ExxonMobil and Malaysia records in the Gulf of Mexico A look back at King Ranch mark 50 years of working together 17 31 7 Coalition loyalty program Panorama College-driven, college-bound Lots of points. Lots of places. Business highlights National Math and Science Initiative One rewards program. from around the world spells positive progress

2 U.S. needs energy policies worthy of today’s technology

Exxon Mobil Corporation Chairman and CEO Rex W. Tillerson cites four policy changes that could stimulate new investment, increase job creation, boost oil and gas production, and provide greater environmental protection.

A technology revolution that been significant benefits. to benefit fully from the technol- that North American technolo- has created an era of energy “New supplies of energy have ogy revolution at this turning- gies and supplies contribute to abundance could benefit society created and supported millions of point moment, the United States increased energy security, diver- even more with the help of 21st jobs, led to a renewal of manufac- will need “energy policies worthy sity and flexibility. century energy policies. turing and increased government of the science and engineer- “First, we need governments Chairman and CEO Rex W. revenues – all during a severe ing and entrepreneurial daring to recognize that our advanced Tillerson, speaking at the 2015 recession and through a period of that have redefined the modern technologies and techniques have IHS CERA conference in Hous- anemic economic growth.” energy landscape.” been thoroughly proven in some ton, said that the energy industry He added that optimistic poli- of the most delicate ecosystems and the United States have Essential change cies are required that reflect the and harshest conditions on Earth.” reached a turning-point moment Tillerson noted that the energy shared aspirations of industry Tillerson noted that this was in history. At the same time, a industry has shown just a fraction and society for energy and one of the implications of the “new world” is being created of what scientific and engineer- environmental protection, and Arctic Research Study, produced across the transformed energy ing advances can mean for the that appreciate the power of free by the National Petroleum landscape whose full parameters safety and progress of society. markets to create revolution- Council at the request of Dr. remain to be determined. “Unfortunately, as much as ary innovations. Further, these Ernest Moniz, secretary of the “For nearly all of us in the en- our investments and technolo- policies must proceed with the U.S. Department of Energy. As ergy sector, these abundant new gies are shaping – and will shape conviction that a new world is chair of this collaborative effort, supplies and the resulting decline – the 21st century, our industry best constructed on free trade Tillerson said the study found in prices have created new pres- continues to struggle under and global cooperation. that U.S. arctic oil and natural gas sures that will demand increased the weight of policies that are resources can contribute signifi- discipline and focus,” Tillerson products of 1970s thinking. This Proven technology cantly to enhancing national and said. “But for consumers and must change.” Tillerson cited four areas where global energy security, and that the economy, there have already Tillerson said that if society is policy changes would ensure its potential can be developed

3 Story by Mike Long using existing technologies. Tillerson added that permitting End complexity and debate. “The political challenge will be LNG exports would also allow Finally, transparency and certainty “It will be up to the leaders in to act on the collaborative and the United States to contribute to are needed in the regulatory our industry to tell the extraordi- science-based findings of the further reductions in greenhouse process. nary story of how human ingenu- study and open the U.S. Arctic gases and pollution by enabling “The delays and political ity and innovation can transform to field-proven technologies and more nations, especially the dy- machinations that have delayed the energy sector – and the world cutting-edge techniques.” namic economies of Asia, to turn the Keystone XL pipeline are the – for the better. We have achieved to cleaner-burning natural gas. poster child for a much deeper so much in the past decades. But Free trade problem hindering progress and with sound policies, we can en- Second, Tillerson said that the Keystone XL advancement in this country. able more investment, which will U.S. government should promote A third policy change is approval Regulatory complexity increas- enable new technologies. free trade in natural gas and of such critical infrastructure proj- ingly burdens companies and “And with the ability to invest crude oil, “as we do for virtually ects as the Keystone XL pipeline. investors with expensive delays, confidently and efficiently, we will every other good manufactured Tillerson said that the pipeline onerous reworks, unnecessary find new ways to deliver energy in the United States. would do more than deliver oil duplication, and extended and in a way that is safe, secure and “Whether we are talking about from Alberta, Canada, and North costly legal wrangling.” reflects our highest ideals for the export of liquefied natural Dakota’s Bakken Shale to refiners Tillerson added that it is a “fun- individual opportunity, economic gas [LNG] or ending the ban on on the U.S. Gulf Coast. damental tenet of good govern- growth and wise stewardship crude oil exports, economists and “It would improve U.S. com- ment that leaders and policymak- of the environment. In doing so, leaders from across the political petitiveness, increase North ers provide a clear and certain we can sustain our quality of life spectrum agree that free trade American energy security, and pathway to regulatory compliance.” and lift millions out of poverty.” in energy will lead to increased strengthen the relationship with He concluded by saying that investment, increased job creation one of our most important allies energy policy will increasingly be and increased energy production.” and trading partners.” at the center of public discussions

4 Zailan Kassim (left) and Chong Kong-Fatt are part of the team that operates the Tapis R platform.

Malaysia has achieved enormous two years after that, we discov- A half-century economic progress since gaining ered oil offshore Terengganu its independence from the United state in peninsular Malaysia. Our Kingdom in 1957. Blessed with ventures here have been success- of partnership abundant natural resources, its ful right from the start.” economy has grown by an aver- In 1976, the company signed age of more than 6 percent an- its first production sharing con- and progress nually for 50 years. Few nations tract (PSC) with the new national have achieved such progress, and oil company, Petroliam Nasional ExxonMobil has been a key part- Berhad, generally referred to as Since 1965, ExxonMobil has joined ner in that remarkable journey. Petronas. First production from with Malaysia’s government to develop “Esso Exploration Malaysia the Tapis field began in 1978. the nation’s vast energy resources. was formed in 1965 to conduct ExxonMobil operates in Malaysia petroleum exploration activities under PSC terms under contract in Malaysia,” says Kok-Yew See, with Petronas. president of ExxonMobil Explora- tion & Production Malaysia Inc. Expanded energy production and chairman of the ExxonMobil Company operations in Ma- subsidiaries in Malaysia. “We laysia have grown substan- received our first exploration tially from those early days. Today, concessions in 1968. Three years ExxonMobil operates 35 oil and later, we struck oil offshore the gas platforms in 12 fields offshore state of Sabah in Borneo, and Terengganu, and has a working

5 Story by Thomas L. Torget Photography by Jeffry Lim Commitment to people (Left to right) Heng Fook Jin, Diana Abdul Rahman, Faiz Adam One of ExxonMobil’s successes in Malaysia is human Syakirin Salleh, Sharon Khor and Mathuraganapathy Shanmugam discuss development opportunities in the Malay Basin. resource development. In 1978, when the company began production operations from the Tapis field, fewer than 50 percent of its 300 employees were Malaysians. Today, more than 95 percent of its approximately 1,200 employees in the upstream are Malaysians. There are also 64 Malaysians interest in another 10 platforms in ment was strong from the very abroad, with about one-third working in leadership positions, five fields in the South China Sea. beginning and has continued for contributing to ExxonMobil’s operations around the world. These combined operations pro- a half-century,” says Tom Walters, duce about 15 percent of Malay- president of ExxonMobil Produc- sia’s crude oil and condensate of tion Company. “With innovative 600,000 barrels a day, and more technologies, development and than half of peninsular Malaysia’s operational excellence, and by maturity, EOR represents an op- it speaks volumes about the local natural gas of more than 2 billion leveraging mutual experiences, portunity to unlock remaining re- capability and talent that have cubic feet per day. we have collaborated to produce serves in the reservoirs. The Tapis developed over the past half- While oil and gas production needed energy resources for the field EOR project began in 2010 century in this country.” has always been the company’s country. Petronas and ExxonMobil and started up in late 2014. The primary business in Malaysia, have been true partners in every $2.6 billion venture uses injected Broadening economy refining and marketing opera- sense of the word, and we have water and gas to gradually sweep That talent and capability – sup- tions were also part of the mix since expanded this partnership remaining oil to producing wells. ported with ample domestic for many decades. outside of Malaysia to activities in “Virtually everything about energy supplies – has broadened Today, other ExxonMobil Chad, Africa. The cooperation has this project is Malaysian-based,” Malaysia’s economy far beyond activities in Malaysia include sup- been exceptional, which is why notes Noorassihah Zainai, Tapis oil and gas production. Key sec- port organizations in the capital the partnership has worked so asset manager. “Engineering, fab- tors include light manufacturing, city of Kuala Lumpur that provide well for so long for both parties.” rication, procurement, construc- electronics, pharmaceuticals, a wide range of technical and tion, marine and aviation services, medical technology, banking business services to company Enhanced oil recovery turbo machinery services, and and tourism. Such diversity has affiliates around the world, with ExxonMobil has some 2,000 offshore installations have been helped Malaysia become one of a particular emphasis on IT, refin- regular employees in Malaysia, 95 provided by Malaysian suppliers. Asia’s leading economies, and ing and production operations. percent of whom are nationals. We installed the platform in April ExxonMobil is proud of its long ExxonMobil Chemical Company Many of these workers are helping 2014, and five months later we history with partner Petronas also markets a range of specialty bring onstream the nation’s first had startup. Given that this is the and its contributions to the products throughout Malaysia. enhanced oil recovery (EOR) proj- first large-scale EOR project in country’s success. “Our partnership with Petro- ect. With several producing fields Malaysia and one of the largest nas and the Malaysian govern- offshore gradually approaching such projects in Southeast Asia,

6 Getting students college-driven, college-bound The National Math and Science Initiative is helping to transform school culture.

Brightly colored paper displaying age our students to apply for col- the district expanded its college the names of students who lege. Now, it’s a given,” Bruce says. preparatory focus, opening its passed the Advanced Placement AP classes to any student wish- (AP) exam cover the walls of A proven approach ing to take advantage of a more calculus teacher Keesha Bruce’s That wasn’t the case five years demanding curriculum. This was classroom at Pasadena High ago, when the Pasadena Indepen- no easy accomplishment, since School near Houston. dent School District (ISD) began economically challenged schools Students come back after they implementing the National Math often don’t have the same graduate just to see their names and Science Initiative’s (NMSI) resources or teachers available on the wall. They even take College Readiness Program. The to provide AP courses. pictures, Bruce says. Their source school district serves more than Teachers like Bruce receive of pride – passing an exam that 50,000 students – the majority training support, including expe- signifies college readiness and from economically disadvantaged rienced mentors and hands-on, qualifies them to earn college circumstances. For those going on project-based lesson plans to credit – has changed the entire to college, most are the first in their help them teach math and sci- culture of the school district. families to have that opportunity. ence more effectively. A key com- “We used to constantly encour- As part of NMSI’s program, ponent of the program provides

7 Story by Tracy Torma Photography by Robert Seale students with after-school and schools by nearly 70 percent – North Dakota in 2016. computer science, emailed her a Saturday study sessions. 10 times the national average. “We leverage private and pub- thank-you note when he got his Teachers are given stipends Currently, 535 schools in 24 lic partnerships with companies first A in computer science. “The for meeting goals based on how states offer the program, which is like ExxonMobil to serve teachers AP exam is just a starting point. In- well students perform, with the expanding access to traditionally and students across the country,” stilling high academic standards has students receiving a bonus when underrepresented students, in- says Matthew Randazzo, NMSI’s its own benefits,” Gollapudi says. they earn a qualifying score of 3 cluding female students, African interim CEO. “We’re closing or higher on the AP exam. Americans and Latinos. achievement gaps, especially for Teacher support key But it’s the dramatic increase in those underrepresented in STEM, NMSI’s UTeach Expansion the number of students partici- Ongoing support and providing a foundation of Program, a partnership with the pating and succeeding in college- ExxonMobil provided $125 mil- college readiness for students.” UTeach Institute at The University level coursework that is the true lion to NMSI when the organiza- NMSI’s goal is to reach as many of Texas at Austin that recruits and sign of the program’s success. tion began in 2007 to address schools as possible across all 50 trains students in math and science “Kids cry with happiness when the shortage of U.S. workers and states. With new commitments to become teachers, has also seen they get their results,” Bruce says. students proficient in science, from the Department of Defense dramatic growth. It is now at 44 “They gain so much confidence technology, engineering and and a coalition of partners, NMSI universities across the country. when they see that they can do it.” math (STEM). also plans to expand the reach “The single most effective The corporation is continuing of the program to 200 military- and impactful thing we can do Boosting performance its commitment to NMSI with connected schools, ensuring con- to move the needle on student In just eight years, NMSI has a five-year, $60 million grant to sistent, high-quality education for achievement is to put a highly trained more than 50,000 support the strategic growth of thousands of students required to qualified teacher in front of the teachers; attracted an additional the College Readiness Program. relocate during high school. classroom,” says Randazzo, a for- 125,000-plus students into rigor- Plans are already underway for In 2013, NMSI partnered with mer school administrator. “NMSI ous math, science and English NMSI to expand the program in two public high schools in Pitts- provides teachers with content courses; and boosted annual southwestern Pennsylvania and burgh, Pennsylvania, and after knowledge and instructional skills AP performance in partner high Louisiana later this year and to just one year in the program, the and strategies to set them up for schools were leaders in the state success, not just with the 30 kids with respect to the greatest per- in an AP course. It builds their centage increase in AP qualifying capacity to convey content effec- scores in math and science. tively and get all students excited “Seven out of my eight stu- about STEM education.” dents who took the AP computer For Pasadena ISD’s Bruce, science exam qualified with a the results speak for themselves. median score of 4 out of 5, which “Over the last five years, our en- is unheard of, especially in an rollment in AP calculus has more inner-city school,” says Ann than doubled, and the number Gollapudi, computer science of qualifying AP scores has more educator at the Pittsburgh Sci- than quadrupled,” says Bruce. ence and Technology Academy. As for her wall of fame, Bruce One of her former students, says that it’s filling up so quickly, now at Penn State majoring in she has to change it out every three years. “Their goal is to be on the wall. They are college-driven and Teacher Keesha Bruce has seen college-bound,” she adds. a dramatic increase in students participating and succeeding in college-level coursework.

8 A bright outlook for chemicals Strong growth expected for ExxonMobil Chemical Company.

The U.S. chemical industry is billion dollars in new facilities in at ExxonMobil’s nearby Mont experiencing a renaissance. Baytown, Texas, where one of Belvieu plastics plant. Fueled by abundant supplies of the world’s largest ethane steam The expansion is estimated to shale gas in North America, the crackers will come online in create 10,000 construction jobs industry is spending $100 billion 2017, with a capacity of over 1.5 and an additional 4,000 perma- in U.S. expansions, adding new million tons per year. The Bay- nent local jobs, including 350 jobs and boosting exports. town plant will provide ethylene new positions at ExxonMobil. As the largest U.S. oil and gas for further chemical processing, One reason for the revitaliza- producer and integrated chemi- including feedstock for two new tion is a steady rise in chemical cal company, ExxonMobil is lead- 650,000-tons-per-year high- demand. More than 95 percent ing the charge, investing several performance polyethylene lines of manufactured goods involve

Continued on page 12

9 Story by Tracy Torma An interview with Neil Chapman, president of ExxonMobil Chemical Company

Why is this a good time to be What are the opportunities in the chemical business? as a result of shale energy? ExxonMobil is first and foremost Over the last 15 years, there has an energy company. It also has been very little investment in a business in its broad portfolio the chemical industry in North that grows faster than energy – America. In fact, over the last faster than the economy – and three decades, we estimate that that’s the chemical business. 75 percent of all global industry Demand for our products is capacity was built in the Asia- growing one-and-a-half times Pacific or the Middle East. That the rate of global gross domestic is changing due to the shale gas product for this simple reason: phenomenon in North America. the growth of the middle class in Shale gas provides low, developing economies around competitively priced energy, and the world. to produce chemicals you need When the middle class grows, a lot of energy. Plus, it provides buying habits change. People an abundance of chemical who once shopped at local mar- feedstock. United States gas kets now shop at grocery stores, production has grown by 45 per- where food is sold in plastic- cent over the past six years. The based packaging – one of our nation now has a nearly 100- Neil Chapman, major markets. They start to buy year gas supply, and estimates president of ExxonMobil appliances and cars, all of which continue to grow. Chemical Company. have significant plastic content. The industry is building eight Photo by Drew Gardner Over the years, ExxonMobil world-scale steam crackers At left: The multibillion- has become the leader in in the United States today, dollar Baytown expansion extracting value from refinery including one of the largest will create 10,000 jobs at streams to produce petrochemi- peak construction. that ExxonMobil is constructing cals. We’ve enhanced that model Photo by Lucius Farris at our Baytown Olefins Plant. by applying our technology to For those of us who’ve been in include gas and natural gas the business a while, it’s really liquids as feedstock. We have extraordinary to think that the leading positions in some of the next wave of capacity is here in largest-volume and highest- the United States, and that the growth commodity petrochemi- U.S. Gulf Coast is the epicenter cal products in the world. of global capacity expansion. So if you combine our strong Our new capacity in Baytown competitive position with ex- will enable ExxonMobil to take panding global market oppor- advantage of this new, abundant tunities, it’s a good time to be in source of feedstock, manufac- the chemical business. ture additional volumes, and

10 then move them to the develop- products made from chemicals. What is your company’s strat- which enables production of ing world, where growth in the And lower production costs typi- egy for success and growth? polyethylene to make thinner middle class is raising demand. cally lead to lower product prices, We understand how to create film that retains the strength and which can in turn stimulate an advantage throughout the durability of conventional films. How has the recent drop chemical demand. value chain by upgrading fuel Today, this technology forms in oil prices impacted the However, we don’t manage streams to chemicals. Today, the cornerstone of our industry- chemical industry? our business on short-term fluc- we’re even more integrated with leading position in the largest- In general, lower-cost crude is tuations of feedstock or product our upstream and downstream volume plastic, polyethylene. good for the chemical industry, prices. Our portfolio is robust businesses. Having everyone which produces the majority of across a wide range of product together on our new campus in What are the chemicals from crude-based and feed scenarios, irrespective north Houston enhances col- opportunities globally? feedstock. Our liquids crackers of short-term volatility in energy laboration to add more value. We are one of the largest in Europe and Asia are seeing markets. We continue to project Perhaps the greatest strength chemical companies in the world reduced costs in the current en- long-term demand that is strong, of our company is our long-term based on earnings, revenue and vironment. A lower crude price and shale technologies have un- approach to focus on technology returns. And we have a number also typically stimulates eco- locked a tremendous new source development – in feed, process of unique, competitive strengths. nomic activity, as people spend of energy and feedstock to meet and product. I believe we have the strongest less on gasoline and more on that demand. We pioneered metallocene manufacturing base in the indus- other goods, often packaged in catalyst technology in the 1980s, try. That’s because we have built

11 By the numbers: 10,000 employees worldwide. plastics and other chemicals. As 2040, or 3 percent a year. Nearly World-scale manufacturing economies grow and living stan- two-thirds of this growth will sites in 16 countries. dards rise, especially in emerging come from developing countries, economies like China and India, with half from China alone. That Markets 1,300 high-quality so does demand for goods made is why ExxonMobil doubled the chemical products in more of plastics and other chemical size of its chemical complex in than 100 counties. products, such as packaging, Singapore, which now accounts 12 percent contribution to appliances and automobiles. For for nearly a quarter of the com- the corporation’s average example, by 2040, the world is pany’s global chemical capacity. annual earnings. expected to have almost 900 mil- The impact of shale energy on Expected 50 percent growth lion more cars than today – and the North American petrochemi- in global chemical demand the plastic content of cars has cal industry is one of the biggest over next 10 years. grown to more than 50 percent. that Neil Chapman, president of According to ExxonMobil’s ExxonMobil Chemical Company, Outlook for Energy, global has seen since he began his career demand for ethylene, the largest in 1984 as an engineer at the Esso petrochemical building block, will Refinery at Fawley, U.K. rise by 150 percent from 2010 to

Neil Chapman (left) and technician Eddy Swiggers at ExxonMobil’s chemical technology center in Brussels.

Photo by Ezequiel Scagnetti

Chemical demand by region Quadrillion BTUs our facilities either near natural nizations in all regions, both in 80 gas processing plants or next to mature and developing econo- large refineries, which provides mies. For the last 20 years, we’ve us with advantages based on that been building a commercial mar- Rest of world integrated model. keting organization in China and We also have a unique global throughout the Asia-Pacific, and 60 footprint, which allows us to we’re on the path of replicating access markets in every major re- that in South America, the Middle Key growth gion of the world and supply our East and Africa. customers from multiple facilities. The key to our success is 40 India Over the years, we’ve developed matching market opportunities commercial and technology orga- with our competitive strengths. With our long-term invest- China ment in technology, our global footprint, and integration with 20 Chemical demand is our upstream and downstream OECD32 increasing as economic businesses, we have a competi- United States growth and rising living standards create new tive position that is as strong as demand for plastics and any in this industry. other products. 0 2000 2020 2040

12 Into the ultradeep ExxonMobil sets company and industry records in the Gulf of Mexico.

ExxonMobil is going deep, way project in the Gulf in a decade. deep, in its latest developments It features a subsea production in the Gulf of Mexico. system with flow lines connected Earlier this year, the company to a floating production platform announced production startup in 8 miles to the north. the Hadrian South field in water Anadarko Petroleum operates more than 7,600 feet deep – a the platform as part of the Lucius world record for ExxonMobil- field (ExxonMobil interest, 23 per- operated production. cent). One of the project’s two gas Next year, the Julia field, in wells has produced more than 200 about 7,100 feet of water, is million cubic feet per day, among scheduled to begin producing the highest rates ever produced oil from reservoirs nearly 5 miles in the Gulf. The other project par- below the seafloor – among the ticipants are Eni (30 percent) and deepest in the Gulf. Petrobras (23 percent). Hadrian South (ExxonMobil in- Julia (ExxonMobil interest, 50 terest, 47 percent) is the compa- percent), some 50 miles east of ny’s first operated development Hadrian South, is expected to

LOUISIANA ExxonMobil engineers TEXAS New Orleans Danielle Quigley and Zhenyan Houston Hua review Hadrian’s control system with Tim Arthur, Gulf of Mexico projects manager.

GULF OF MEXICO

Julia Phase 1 Lucius 1,350’ Hadrian South 4,000’

ExxonMobil’s Hadrian South development is 230 miles offshore in the Keathley Canyon area of the Gulf of Mexico.

13 Story by Mike Long. Photography by Robert Seale. produce up to 30,000 barrels covers an area larger than down- projects; it is also being able to ExxonMobil, industry firsts per day from six subsea wells as town Houston and contains some develop them safely and make As ExxonMobil moves into part of first-phase development. 6 billion barrels of resources. them economic,” says Duffin. deeper water, it is increasingly Production life is estimated at “That’s where ExxonMobil’s applying next-generation tech- 30 years – the longest of any The deepwater frontier project-execution capabilities, nology, especially at Julia. planned ExxonMobil subsea “These projects are on the deep- commitment to quality resources “We have contracted for the development in the world. The water frontier for ExxonMobil and leveraging of advanced new Maersk Viking drillship, built oil will flow 14 miles to the in the Gulf of Mexico,” says Neil technology come into play. And, specifically for ultradeepwater Chevron-operated Jack/St. Malo Duffin, president of ExxonMobil just as we have done with con- projects,” says Tom Upton, Julia floating production platform, Development Company. “They necting the Hadrian South and Drilling manager. “Julia is its first and ExxonMobil and co-venturer are highly complex and involve Julia subsea wells to platforms drilling operation. We set an Statoil (50 percent interest) the very latest advances in subsea operated by others, it’s impor- ExxonMobil record when we ran expect to develop an initial 200 technology. Through them, we tant that we and industry work an intermediate string of casing million barrels of oil. are pursuing development that together to make our ultradeep- weighing 2.1 million pounds. It The Julia reservoir, spanning would not have been possible as water developments as capital- was also among the heaviest five lease blocks in the Walker recently as two years ago. efficient as possible.” strings ever run in the industry Ridge area, is the largest in the “It’s not just about having on a floating rig. Most deep Gulf Gulf. Nearly a half-mile thick, it the capability to develop these wells do not run casing strings

14 The new Maersk Viking (above) is drilling six subsea wells as part of the Julia development, some 50 miles east of Hadrian South.

heavier than 1.5 million pounds.” Master Control System (UMCS) It has been used in the North tial well flow or pressure won’t Upton notes that Julia wells at and a High-Integrity Pressure Sea, but this is the first time it has allow containment with a cap on the seafloor have very high pres- Protection System (HIPPS). been permitted for the Gulf and the wellhead, a system must be in sures of about 13,500 psi. “The UMCS functions like a subsea installation. place for flowing the oil to a cap- “Consequently, ExxonMobil is software translator to facilitate ture vessel. MWCC, an offshore using subsea wellhead equipment the integration and deployment Well containment emergency-response organiza- rated for 15,000 psi, which is of equipment and systems from In addition, one of the Julia wells tion established in 2011 after the industry’s current technical limit.” multiple vendors,” says Marilyn was the first to receive a cap- Macondo oil spill, can store up to Julia’s subsea production Tears, ExxonMobil Develop- and-flow permit from the Bureau 700,000 barrels of liquids in each equipment is also setting records. ment’s Julia Project manager. “It of Safety and Environmental of its two capture vessels. The Its single-phase booster pumps, will save costs by allowing us to Enforcement, based on the liquids would then be brought rated for 13,500 psi, have the in- use different vendor components response capability of the Marine ashore via shuttle tankers. dustry’s highest design pressure without a lot of specialized work.” Well Containment Company The MWCC system can oper- and will be installed in a record Tears describes the contingen- (MWCC). The well was a pre- ate in water depths up to 10,000 water depth. ExxonMobil will be cy-planned HIPPS as a system existing exploratory well that feet and has the capacity to the first to deploy a dual-pump of valves, pressure sensors and ExxonMobil re-entered for process 100,000 barrels of liquids station on the seafloor with these controls that provide contingency development. It could not have and handle 200 million cubic high-pressure pumps. protection if higher-than-expected used the well without the cap- feet of gas per day using the two Other firsts are an production pressures are encoun- and-flow permit. capture vessels. The vessels will ExxonMobil-designed Universal tered in Julia’s high-pressure wells. In an emergency where poten- be deployed in tanker-lightering

15 service in the Gulf of Mexico or environmental incidents dur- but promoted efficiencies in a the company as it advances into region when not involved in a spill ing the more than 1 million work- very high-cost operating area. deeper waters. response. hours at its onshore construction He is particularly proud of “Industry has just begun Clay Vaughn, Deepwater sites and during the offshore ExxonMobil’s efforts to place to tap into the more than 85 Projects vice president for installation phase,” says Arthur. early-career professionals in billion oil-equivalent barrels of ExxonMobil Development, notes “And we achieved this while senior-level positions across the undiscovered resources that the that ExxonMobil, working with completing the project under three projects with close access Bureau of Energy Management three other sponsor companies, budget and on schedule. Julia to Gulf of Mexico-seasoned estimates lie beneath the Gulf’s took the lead in building the con- so far has recorded more than a project personnel. deep and ultradeep water,” says tainment system and organizing half-million work-hours and has “This was facilitated by Vaughn. “The experience these MWCC. Following handover ear- also been incident-free.” the projects being near our young engineers are gaining to- lier this year, MWCC now owns, Houston-based engineering day and the technology available maintains and will operate the Young engineers organization. Such assignments to them will give ExxonMobil a containment system on behalf of Arthur says that another would not be as feasible in more competitive advantage in devel- its 10 member companies. noteworthy achievement was remote areas of the world.” oping the oil and gas resources “This was a tremendous ef- the sharing of staff across the Vaughn adds that providing that will increasingly be needed fort of which ExxonMobil is very Hadrian South, Julia and MWCC these advanced-level opportuni- to support a more secure U.S. proud,” says Vaughn. “It came projects. This Gulf-wide collabo- ties to ExxonMobil’s future high energy supply.” during a time when both industry ration not only contributed to contributors will provide a great and federal regulators were under safety and environmental success foundation of experience for tremendous pressure to enhance offshore safety and environmental protection.” Vaughn adds that ExxonMobil is an active participant in other global industry initiatives to enhance deepwater drilling safety and oil- spill preparedness and response.

Stronger credibility Vaughn says that ExxonMobil’s leadership also allowed the company to strengthen its working relationship with federal regulators. “Through our interaction on MWCC and through resuming project operatorship at Hadrian South and Julia, we have added to our credibility as a leader in safety and environmental responsibility in the Gulf.” Tim Arthur, who managed ExxonMobil’s MWCC contributions and served as Hadrian South project manager, adds that the company has achieved an excel- lent safety and environmental performance at Hadrian South and Julia. A worker approaches one of the MWCC’s rapid-response vessels that can be “Hadrian South had no safety deployed to capture, process, store and offload liquids during a subsea incident.

16 ExxonMobil joins first U.S. coalition consumer loyalty program

Lots of points. Lots of places. One rewards program.

17 Story by Thomas L. Torget On a typical Saturday, you “Research shows that the allows them to shop at a range ExxonMobil is the exclusive might refuel your car and have ability to earn credits for use with of companies and earn reward nationwide fuel sponsor, and it washed, shop at the mall for a single merchant or single brand points that can be redeemed at companies in other business a coat and then stop by the does not create much consumer any of those companies.” categories will join Plenti in the pharmacy for vitamins. Many of loyalty,” explains Matt Bergeron, That’s exactly what the new future, expanding the program’s the merchants you visit are likely vice president of marketing for consumer loyalty program Plenti appeal to consumers. to invite you to enroll in a “con- ExxonMobil Fuels, Lubricants & delivers. Launched in May, the sumer loyalty program” to earn Specialties Marketing Company. free program is the first coali- Transactions earn points credits toward future purchases. “Such programs can lead to tion loyalty program in the Plenti offers many ways to save Such programs are common- frustration, as they rarely allow United States. ExxonMobil joins on purchases. You can earn place today, and the average a consumer to acquire enough American Express, AT&T, Macy’s, points when buying fuel or other American is enrolled in 22 of reward points to matter. What Nationwide, Rite Aid, Direct En- qualifying merchandise at any them. But most people actively consumers really want is a ergy, Enterprise Rent-A-Car and participating Exxon- or Mobil- participate in fewer than 10. simpler rewards program that Hulu as the initial participants. branded service station or con-

18 Plenti fast facts venience store. You can also earn rewards cards, they’ll have just Plenti is a free consumer loyalty program. Plenti points when signing up one card for one program cover- Points and discounts are earned using any with AT&T for a qualifying wire- ing a wide range of brands and form of payment accepted by a sponsor. less account, when subscribing businesses. They’ll earn reward to a new Hulu service, or when points faster and can use them to Every 1,000 points translates to at least paying for your eligible Nation- save on a variety of products and $10 in savings. wide auto or property insurance. services. That’s why we see Plenti Initial sponsors: ExxonMobil, American Every qualifying transaction with as a gamechanger for consumers Express, AT&T, Macy’s, Nationwide, Rite Aid, a Plenti sponsor earns points that and for sponsor companies.” Direct Energy, Enterprise Rent-A-Car and can be redeemed when purchas- US Loyalty, a division of Hulu. Additional sponsors will be added. ing goods or services offered by American Express, operates Website: www.plenti.com. certain sponsors. Plenti. But Plenti is not exclusive Every 1,000 points will translate to American Express cardholders. to at least $10 in savings. Plenti US Loyalty issues Plenti rewards consumers can also earn points and oversees the centralized by activating special promotional marketing of the program in offers with participating sponsors coordination with the founding or through Plenti’s online offer sponsor companies. In addition, center and marketplace. American Express is responsible “The Plenti program lets con- for securely managing consumer sumers earn points almost every data collected through Plenti. time they shop, including online,” For several years, American says Bergeron. “Now, instead of Express has operated success- carrying around a dozen or more ful multibrand consumer loyalty

19 ExxonMobil’s Russ Green (left) and Matt Bergeron say that the new Plenti consumer loyalty program lets consumers earn points nearly every time they shop.

programs in Europe, Asia and consumers to Plenti and explain participating Exxon- or Mobil- call center. Consumers can also Mexico, but Plenti is the compa- its many benefits,” he says. branded station earn one point sign up online and have the Plenti ny’s first multibrand U.S. program. per gallon of fuel purchased, two card sent to them. After sign-up, “This is a perfect time to launch Distributors participate points for every dollar spent on members can receive regular a coalition loyalty program in the “All independent fuel distribu- a car wash and two points for communications from Plenti with United States,” says Abeer Bhatia, tor customers who supply fuel each dollar spent on eligible items special offers from sponsors. chief executive officer of US Loy- to Exxon- and Mobil-branded in the convenience store. Plenti Green says that Plenti offers alty. “Online marketing is becom- service stations in the United members can earn additional sponsor companies the chance ing more efficient, and American States are eligible to participate points by taking advantage of to show their consumers how consumers are becoming more in the Plenti program,” says Russ special offers, such as 200 points much they appreciate them. influenced by rewards programs, Green, vice president of retail for earned when purchasing 10 or “Many of our consumers have special offers and discounts. We ExxonMobil Fuels, Lubricants & more gallons of fuel in a single been with us for years,” he says. at American Express have exten- Specialties Marketing Company. visit. Additional points can also be “Plenti provides a unique way of sive experience operating loyalty “Plenti is not only a great program earned for Plenti members on the saying ‘thank you’ because it pro- programs of this scale. And with for consumers, it’s also great Plenti website (www.plenti.com) vides them added value for being Plenti, we’re delighted to feature for our fuel distributors and for and the Plenti mobile app. our consumer. We also expect such celebrated brands as Exxon ExxonMobil shareholders. Plenti Consumers can pick up a Plenti to provide an incentive for and Mobil.” provides us a unique competitive welcome kit and Plenti card at new consumers to experience Bhatia notes that more than 70 tool that will drive consumer traf- any participating Exxon- and the advantages of purchasing percent of consumers live near fic to Exxon- or Mobil-branded Mobil-branded service station or fuel at Exxon- and Mobil- at least two sponsor locations. stations and deliver value to our at other Plenti sponsor locations. branded stations.” “We’re really excited about this fuel distributors who are expand- Then they can finish signing up at opportunity and will use ex- ing market share.” plenti.com, on the Plenti mobile tensive advertising to introduce Plenti members visiting a app or by contacting the Plenti

20 Raising the bar on community service ExxonMobil attorneys carry forward tradition of giving back.

Susan Barrington Sanchez and Rob Johnson

21 Story by Tracy Torma Photography by Robert Seale A sense of duty Involved in pro bono work since graduating from the University of Texas School of Law in 2005, Audrey Hendricks, litigation counsel for ExxonMobil’s upstream commercial business, says one particular case solidified her commitment to always have a volunteer case in her legal portfolio. “A young woman from Pakistan was sold by her brother to a wealthy man in their community to pay off debts. After several years of abuse, she came to America and was living in shelters in Houston,” Hendricks explains. Upon taking the case through the Tahirih Justice Center, an organization serving immigrant women and girls fleeing gender-based violence, Hendricks helped the woman gain asylum last year. “My motivation for pro bono work is based on a sense of duty,” Hendricks says. “These individuals come from the most horrendous situations and have demonstrated amazing courage in standing up to their abusers. Without an attorney, in all likelihood, their last flicker of hope would be snuffed out. Thirty hours of my time literally saved a woman’s life.” Audrey Hendricks counsels a client.

During her 46-year career with oversees the volunteer efforts of ExxonMobil, attorney Susan company attorneys and staff. “It Barrington Sanchez has litigated seems so simple to share some- Sharing expertise everything from employment to thing you already know, but it’s a Senior Tax Attorney Lindsey Aldrich regularly joins antitrust issues, but one current big thing to the clients we help.” other ExxonMobil tax attorneys in counseling low- legal case pulls at her heartstrings. income taxpayers during Houston Volunteer Lawyers Sanchez is helping a 13-year- A long commitment Tax Clinics. But when taxpayers need more than old boy from Honduras – aban- ExxonMobil’s involvement in advice, lawyers like Aldrich are there to assist. doned by his mother at the age pro bono services began in 1917, Aldrich is currently helping a Houston grandmother of six and abused by his father when John D. Rockefeller Jr. prove to the IRS that her 15-year-old grandson, whom before escaping his homeland – funded an expansion of New she has raised as her son since he was three days old, gain permanent residency status York’s Legal Aid Society to in- qualifies as a dependent. “Part of it is just hearing her in the United States. clude representation for criminal story. She really appreciates having someone believe The boy is among hundreds of defendants. in her and knows I’m going to be there,” Aldrich says. people from all walks of life who In 2014, 175 Houston volun- With personal and corporate tax laws sharing simi- receive pro bono legal support teers, including 135 attorneys and lar concepts, Aldrich says volunteering enables her to from ExxonMobil attorneys each 35 support staff, devoted more apply her expertise on a different level. year in Houston, Dallas and Fair- than 3,000 hours to pro bono “We’re helping people who are really grateful for fax, Virginia. service, helping veterans, children, our expertise. It’s great to use the knowledge you “As lawyers, we have a duty domestic violence survivors, im- learned at school and through work to help people to give a voice to those who migrants and ordinary citizens with who really need it.” don’t have one,” says Sanchez, tax issues and will preparation. coordinator and chair of Exxon- They staffed three citizenship Mobil’s pro bono committee that clinics, preparing more than

22 90 naturalization applications to provide pro bono services. for submission. Even four- Her current immigration legged friends benefited when case is through Kids in Need ExxonMobil volunteers staffed a of Defense (KIND), founded by clinic for local animal shelters. Angelina Jolie and the Microsoft Corporation to provide quality Another dimension and compassionate pro bono “We tend to specialize at legal counsel to unaccompanied ExxonMobil, so pro bono work refugee and immigrant children provides an opportunity to en- in the United States. hance our legal skills in another Currently, company lawyers area while getting to know other represent 16 special immigrant lawyers in the community,” says juvenile status cases through Sanchez, noting that company KIND, which deemed ExxonMobil attorneys often team up with lo- a unanimous choice for its 2015 cal law firms and bar associations Innovation Award for aiding children in deportation proceedings. ExxonMobil attorneys Jeff Kuhn and Audrey Hendricks work a pro bono case together. For the ninth year in a row, the Houston Bar Foundation honored the company for setting the standard for pro bono service in Houston’s corporate legal community. Making a difference “While the recognition is certainly nice, we do this because When Andy Fisher became counsel for their attention to help survivors of domes- it’s the right thing to do,” says Rob ExxonMobil’s downstream business in tic violence, arguing protective-order court Johnson, assistant general coun- Fairfax, Virginia, in 2008, he wanted to cases for all domestic violence petitioners sel, who’s assisting Sanchez with do pro bono work, but the state’s ethical every month. the KIND case and who volunteers rules restricted in-house lawyers without a “We’re taught that we have a responsibil- at veterans’ and other clinics. Virginia law license from representing pro ity and ethical duty to represent those who “At ExxonMobil, good corporate bono cases. don’t have the means,” Fisher says. “It’s citizenship is important to us; it’s So he formed an internal pro bono com- heartwarming and a good experience.” how the Law department gives mittee and partnered with Legal Services of With the legal team’s move from Fairfax back,” Johnson says. “Sometimes Northern Virginia and Hunton & Williams to Houston this summer, Fisher ensured the work is relatively simple for LLP, a law firm with Virginia-licensed lawyers, that the pro bono work will continue by us – listening to our clients’ stories to start a quarterly wills clinic. “Anytime an recruiting in-house legal departments at and helping them obtain a protec- ExxonMobil lawyer provided guidance to a other corporations to take over. tive order from an abusive spouse, client, they would have a partner from the And best of all, says Fisher, the Virginia for example. Sometimes it’s more law firm who was licensed in Virginia,” he Supreme Court overturned the rule restrict- complex, like helping someone says. “It was an opportunity to work with ing in-house lawyers’ pro bono capabilities attain special immigrant status so outside counsel, while meeting the state law after a task force he served on petitioned they can receive protective asylum. requirements.” for the change. A modest contribution of time can Since the clinic began six years ago, vol- “It’s made a real difference by opening the potentially change someone’s life.” unteer attorneys have helped prepare 100 door for many more attorneys throughout

wills for needy residents in Fairfax County. Virginia to help those who are traditionally The ExxonMobil attorneys then turned underserved by the legal system,” he adds.

23 Mohammed A. Diwan (above) finds inspira- Solving problems tion from clients at the Mohammed A. Diwan believes that domestic violence is a major problem that needs to be women’s center. addressed using existing and new resources. That’s why he spearheaded a legal clinic at the Houston Area Women’s Center (HAWC), in partnership with Houston Volunteer Lawyers (HVL) and law firm Norton Rose Fulbright. Each month, a team of ExxonMobil lawyers and other volunteers visit HAWC’s women’s shelter to provide advice and counsel to residents. Since it started more than three-and-a-half years ago, the HAWC Shelter Legal Clinic has served more than 365 clients. In January, HVL set up a second legal clinic for HAWC’s nonshelter clients, modeled after the shelter clinic. “The strength, courage and determination of our neighbors at the shelter inspire our team of volunteers,” says Diwan, counsel for ExxonMobil Chemical Company. “I believe everyone can contribute to the development and growth of our community by helping to solve problems one person at a time.”

24 ExxonMobil and King Ranch: an American success story One of the most successful business ventures in ExxonMobil history was its leasing of the legendary King Ranch in South Texas.

25 Story by Mike Long In 1853, Richard King began capi- talizing on his dream of transform- ing a vast stretch of essentially uninhabited coastal prairie and brush country into a cattle kingdom. After King’s death, his wife, Henrietta King, along with their daughter Alice and son-in-law Robert J. Kleberg Sr., expanded upon that dream. Now, seven generations later, the King Ranch remains one of the most successful ranching operations of all time.

Ranching leader King Ranch early on became iden- tified as a leader in ranch-management innovation, animal husbandry and wildlife conservation. It is best known for the Santa Gertrudis, the first officially recognized breed of beef cattle developed in the United States. It also became a master breeder of quarter horses and thoroughbreds, including Assault, winner of the 1946 Triple Crown. The ranch entered the oil and gas business in 1919 under a lease with Humble Oil & Refining Company, an Shared vision This Toni Frissell photograph of a King ExxonMobil predecessor. Although The ExxonMobil-King Ranch Ranch cattle roundup (at left) is one of a the effort proved unsuccessful, partnership was founded on a series of photos she shot during ranch visits some continued to believe in the shared vision, mutual respect, between 1939 and 1944. Her photo above ranch’s potential. The pro-leasing dedication to safe operations, a faction, led by Humble’s first willingness to pursue innovation, shows (top row, from left) Dick Kleberg Jr.; geologist, Wallace Pratt, eventually and a commitment to caring for Lauro Cavazos, foreman of the ranch’s convinced the company to lease the and preserving the land and its Santa Gertrudis division; Bob Kleberg; entire ranch. The agreement, signed immense natural resources. and his wife, Helen. Also pictured are King in 1933, gave Humble sole access ExxonMobil no longer operates Ranch Kineños (King’s Men), descendants to explore and develop more than on the ranch, although it retains a of families who at the urging of Richard 1 million acres. It was the largest production interest through its re- private oil-lease contract ever nego- maining production joint venture. King moved from their village in Mexico in tiated in the United States. The company also sold its interest the 1860s to live and work on the ranch. To date, more than 3,800 wells in the King Ranch Gas Plant have been drilled and some 2.5 earlier this year. But ExxonMobil’s billion oil-equivalent barrels of special relationship with King resources have been developed Ranch remains a true American on King Ranch. success story.

26 27 The map (left) shows current and former King Ranch lands covered by the 1933 lease agreement with Humble Oil & Refining. Above, Humble’s Seismic Party 6 winds along a King Ranch road in the early 1950s. With few roads to take them back to daily lodging and meals outside the ranch, crews brought their food and lodging in the form of trailers with them. The 1960s inset photo (top) depicts King Ranch cowboys herding cattle near the King Ranch Gas Plant, symbolizing the mutual respect and spirit of cooperation that ExxonMobil and King Ranch have enjoyed for nearly a century. Humble’s Colorado company camp (right) was among 13 it operated in South Texas and on the ranch.

28 The Mission-style King Ranch Main House (top left) west of Kingsville was completed in 1915. It contains 37,000 square feet with interiors designed by Tiffany Studios. Among its 27 rooms are 17 bedrooms, 18 bathrooms and 26 fireplaces. Seven generations of the King family have called it home.

Robert J. “Bob” Kleberg Jr. (top), grandson of Richard King, managed the ranch from 1919 until his death in 1974.

ExxonMobil’s former King Ranch Gas Plant (left), shown after its 1960 startup, reigned as the world’s largest gas processing plant of its kind for two decades. At peak production, it processed about 2.1 billion cubic feet of gas while recovering more than 75,000 barrels of gas liquids per day.

In the Toni Frissell photo at right, a quarter horse remuda (horses saddle-broken for use as mounts) makes its way across the range during a King Ranch roundup in the early 1940s. The ranch’s quarter horses have been recognized for decades as among the world’s best cow horses. The ranch has registered more than 7,200 of them.

29 30 Panorama

REPUBLIC Oil production begins OF CONGO 10,000' 3,000' at Block 15 satellites An additional 70,000 barrels of peak oil production a day are expected from the startup MER TRES CABINDA PROFONDE SUD (ANGOLA) of a phased satellite development on Block 15 offshore Angola. The (REP. OF CONGO) additional production increases Block 15 oil output to an average of 350,000 daily barrels. Soyo The Kizomba satellites phase 2 project is a subsea infrastructure Kizomba A Kizomba C BLOCK 15 ANGOLA development of the Kakocha, Bavuca and Mondo South fields. Marimba North Kizomba B Mondo South began production in April, followed by Bavuca in May, Kizomba Kizomba Satellites Phase 1 Satellites Phase 2 with Kakocha scheduled to start up shortly. Esso Angola is operator AB32 Kaombo Split Hub of the project and of Block 15, with 40 percent interest. Cravo-Lirio- Orquidea-Violeta The development optimizes capabilities of existing Block 15 BLOCK 32 facilities to increase current production levels without the need for Rosa BLOCK 17 Girassol AS OF additional floating production, storage and offloading vessels ExxonMobil interest Dalia Pazflor (FPSOs). The Mondo South field was developed with a subsea tie- Key producing asset/area Feb. 18, 2014 VERSION back to the Mondo FPSO, while Kakocha and Bavuca are tied back Major project APPROVED BY Luanda to the Kizomba B FPSO. Exploration activity/asset Weltmer Nearly $740 million in local content has been invested in Angola for the project, including contracts for fabrication, logistics support, M F35 13XOM- and training and development of Angolan personnel. ExxonMobil has interests in three deepwater blocks offshore ExxonMobil was awarded Block 15 in 1994 and, to date, has dis- Angola spanning nearly 2 million acres. Gross recoverable Angola.ai

resources are estimated at 11 billion oil-equivalent barrels. FILE INFO covered approximately 5 billion oil-equivalent barrels. Oil production IN F&O ON PAGE F35 from Block 15 thus far has exceeded 1.8 billion barrels. IN SAR ON PAGE Note:

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ART [email protected] Usage: Exclusive rights within ExxonMobil Guyana discovery ExxonMobil has announced a significant oil discovery on the 6.6-million-acre Stabroek block, approximately 120 miles offshore Guyana. The well encountered more than 295 feet of high-quality oil- bearing sandstone reservoirs. Spudded in March, the well was safely drilled to 17,825 feet in water depths of more than a mile. “I am encouraged by the results of the first well on the Stabroek block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company. “Over the coming months we will work to determine the commercial viability of the dis- covered resource, as well as evaluate other resource potential on the block.” Esso Exploration and Production Guyana Limited holds 45 percent interest. Hess Guyana Exploration Limited holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited ExxonMobil’s Kerry Moreland (right) shares her perspectives about the Guy- ana discovery with colleagues Scott Dyksterhuis (center) and Randy Perkey. holds 25 percent interest.

Saudi Arabian clean fuels project starts up Marking 30 years of joint refining operations, Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has begun operations of a new clean fuels project. Attending the anniversary and startup ceremonies were guests from SAMREF, Saudi Aramco, ExxonMobil and other dignitaries from the Kingdom of Saudi Arabia, including Khalid al-Falih, president and CEO of Saudi Aramco; Musaad bin Yahya al-Sulaim, Yanbu regional governor; Dr. Alaa bin Abdulla Naseef, CEO of the Yanbu Royal Commission; Mohammed Naghash, president of SAMREF; and Darren Woods, senior vice president of Exxon Mobil Corporation. As the largest investment in the refinery’s history, the new clean fuels project reduces the sulfur levels in gasoline and diesel by more than 98 percent, to 10 parts per million. REPUBLIC “We continue to apply advantaged technology that will deliver world-class products that OF CONGO 2014 Corporate contribute to the fuels value chain,” said Woods. “The successful, recent startup of the clean fuels 10,000' 3,000' Citizenship Report project illustrates the refinery’s advancements and preparations to meet global energy demands.” MER TRES CABINDA available PROFONDE SUD (ANGOLA) ExxonMobil has released its 2014 (REP. OF CONGO) Corporate Citizenship Report, detailing the company’s safety, environmental, Soyo Kizomba A Kizomba C economic and social performance. The BLOCK 15 ANGOLA Marimba North Kizomba B report also highlights the company’s Kizomba Kizomba achievements since introducing “Protect Satellites Phase 1 Satellites Phase 2 Tomorrow. Today.” 10 years ago. AB32 Kaombo Split Hub Cravo-Lirio- This year’s report features case Orquidea-Violeta BLOCK 32 studies and examples from around the Rosa BLOCK 17 world, and includes company perspec- Girassol tives on key stakeholderAS issues OF ranging ExxonMobil interest Dalia Pazflor Key producing asset/area from managing climateFeb. change 18, risks 2014 and combating infectiousVERSION diseases Major project APPROVED BY Luanda to local workforce development and Exploration activity/asset Weltmer corporate governance. Both the full report and the accompa- nying Highlights documentM F35are available 13XOM- The SAMREF refinery complex was formed for the development, construction, ownership and at www.exxonmobil.com/citizenship.Angola.ai operation of crude oil refining facilities in Yanbu, Saudi Arabia. Following the construction and The full report is also FILE INFO available on the startup of the facilities, it began operating in late 1984. IN F&O ON PAGE F35 ExxonMobil iPad app. IN SAR ON PAGE Note:

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ART [email protected] Usage: Exclusive rights within ExxonMobil Second tanker now in service Exxon Mobil Corporation’s marine affiliate, SeaRiver Maritime Inc., has placed the Eagle Bay, the second of its two new U.S.-flag crude oil tankers, into service transporting Alaska North Slope crude oil. The first-in-class vessel, constructed at the Aker Philadelphia Shipyard and incorporating the latest safety, navigation and engine- Panorama room technologies, joins the Liberty Bay in supplying Alaskan crude to refineries along the U.S. West Claire Madden, ExxonMobil manager of lubricants sales process Photo courtesy of Cerrone Photography Coast. The double-hull Eagle Bay and operations and lady sponsor of the Eagle Bay, is all smiles at is 820 feet long and has capacity to the vessel’s christening ceremony earlier this year in Philadelphia. carry 800,000 barrels of oil.

$47 million to U.S. colleges and universities ExxonMobil and its employees are donating $47.1 million to institutions of higher education across the country as part of the ExxonMobil Founda- tion’s 2014 Educational Matching Gift Program, an increase of $3.1 million over the prior year. ExxonMobil employees, retirees, direc- tors and surviving spouses contributed $15.5 million, which was matched with $31.6 million in unrestricted grants from the ExxonMobil Foundation. Last year, 4,674 employees and Cold Lake startup retirees made individual donations A $2 billion expansion project at Cold Lake in through the initiative. Although grants northeastern Alberta, Canada, is increasing are unrestricted, colleges and universities bitumen production by 40,000 barrels a day. are encouraged to designate a portion to The Nabiye project will access 280 million barrels of recoverable resources during its pro- math and science programs supporting jected 30-year lifespan, and is contributing to student engagement. an average daily production of 150,000 barrels In addition to the Educational Match- at the Cold Lake facility, the largest and longest running in-situ oil sands operation in Canada. ing Gift Program, ExxonMobil and the ExxonMobil expects to increase production ExxonMobil Foundation support and volumes this year by 2 percent, to 4.1 million develop programs that encourage stu- oil-equivalent barrels a day, driven by 7 percent liquids growth. Nationwide, close to 900 institutions received dents, particularly women and minorities, $47 million through the 2014 Educational toward careers in science, technology, Matching Gift Program. engineering and math, as well as initiatives for teacher training.

33 The Lamp is published for ExxonMobil shareholders. Others may receive it on request. It is produced by the Public & Government Affairs Department, Exxon Mobil Corporation.

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity in this publication, those terms and the terms corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments and others. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer and partner are used to indicate business relationships involving common activities and interests, and those words may or may not indicate precise legal relationships.

Trademark ownership: Exxon, Mobil and the term Energy lives here are trademarks or service marks of Exxon Mobil Corporation or its affiliates. The following terms are trademarks or service marks of the respective entities indicated: Plenti (American Express Company); Advanced Placement and AP (The College Board); iPad is a trademark of Apple Esso Angola employees distribute bed nets in the capital city of Luanda. Inc., registered in the U.S. and other countries. King Ranch and the Running W brand and mark are trademarks owned by King Ranch or an affiliate of King Ranch. All photographs and graphic images contained in the article, ExxonMobil and King Ranch: an American Company marks 15 years of fighting malaria success story, are owned by King Ranch and may not be reproduced or duplicated without ExxonMobil has announced $10 million in new partner in the effort to create a future free of ma- written permission from King Ranch. grants to mark World Malaria Day, continuing laria,” says Suzanne McCarron, general manager Forward-looking statements: Outlooks, the company’s 15-year commitment to fighting a of public and government affairs, ExxonMobil, projections, estimates, targets and business plans in this publication are forward-looking disease that is preventable and treatable, yet still and president of the ExxonMobil Foundation. statements. Actual future results, including demand growth and supply mix; ExxonMobil’s kills more than half a million people annually. “We are committed to investing in the tools, own production growth and mix; resource This year’s grants from ExxonMobil and the knowledge and human capacity that will allow us recoveries; project plans, timing, costs and capacities; capital expenditures; revenue ExxonMobil Foundation support a range of to combat and eventually eliminate the disease. enhancements and cost efficiencies; margins; and the impact of technology could differ research, education, advocacy and treatment Now more than ever, it is clear that strengthening materially due to a number of factors. These programs to reduce the human and economic toll health systems is essential to achieving that goal.” include changes in long-term oil or gas prices or other market conditions affecting of malaria. Several grants focus on developing lead- With more than $140 million in investments the oil, gas and petrochemical industries; ership and health workforce capacity in countries reservoir performance; timely completion and programs funded by ExxonMobil reaching of development projects; war and other and communities that lack adequate health systems nearly 125 million people since 2000, the corpo- political or security disturbances; changes in law or government regulation; the outcome to combat malaria and other health challenges. ration is the largest private-sector grant-maker in of commercial negotiations; the actions “For 15 years, ExxonMobil has been a proud the fight against malaria. of competitors; unexpected technological developments; the occurrence and duration of economic recessions; unforeseen technical difficulties; and other factors discussed here and under the heading “Factors Affecting Future Results” in item 1 of our most recent Form 10-K and on our website at exxonmobil.com.

Frequently used terms: References to Lifetime achievement resources, the resource base, recoverable resources, barrels and similar terms include ExxonMobil’s Joost Van Roost (right), quantities of oil and gas that are not yet Benelux lead country manager, accepts a classified as proved reserves, but that we believe will likely be moved into the proved lifetime achievement award from Flemish reserves category and produced in the future. Minister-President Geert Bourgeois rec- Discussions of reserves in this publication ognizing the corporation’s long-standing generally exclude the effects of year-end investment in the region. price/cost revisions and include reserves attributable to equity companies and our ExxonMobil’s assets in Belgium include Syncrude operations. For definitions of, and a world-class refinery in Antwerp, three information regarding, reserves, return on chemical plants, a number of product average capital employed, normalized earnings and other terms that may be used in this terminals, a European R&D technology publication, including information required by center for chemicals, and a European SEC Regulation G, see the “frequently used downstream and chemicals head office. terms” posted on our website. The most recent Financial and Operating Review on our website also shows ExxonMobil’s net interest in specific projects.

34 Shareholders may elect to discontinue receiving The Lamp or change their shareholder account PRSRT STD address by contacting ExxonMobil at 1-972-444-1110. U.S. POSTAGE PAID Shareholders may access their account online at computershare.com/exxonmobil. ExxonMobil ExxonMobil Shareholder Services P.O. Box 30170 College Station, TX 77842-3170 © 2015 by Exxon Mobil Corporation exxonmobil.com

B:9.25” T:9” S:7.5119”

of U.S. operating rooms use advanced plastics made from oil and natural gas. Today, almost every material found in hospitals is engineered from oil and natural gas. From products like halobutyl rubber that ExxonMobil invented to advanced plastics that our scientists continue to enhance, medicine wouldn’t be modern without energy.

Energy lives here. S:6.6484” T:7.3914” B:7.625”

BC.LOTA

This advertisement was prepared by BBDO New York Filename: P46443_B_EMC_COR_V3.indd CLIENT: ExxonMobil Corporate Proof #: 3 Path: Studio:Volumes:Studio:MECHANIC...chani- Created: 11-19-2014 11:48 AM PRODUCT: Nat Gas Page cals:P46443_B_EMC_COR_V3.indd Saved: 11-20-2014 12:43 PM JOB#: P46443_B Operators: Bright, Jordan / Wolcott, Catherine Printed: 11-20-2014 3:28 PM SPACE: 4C Print Scale: None BLEED: 9.25” x 7.625” TRIM: 9” x 7.3914” Fonts Ink Names SAFETY: 7.5119” x 6.6484” EMprint (Semibold, Regular) Cyan GUTTER: None Graphic Name Color Space Eff. Res. Magenta PUBS: Lamp Hospital.psd (CMYK; 822 ppi), exmo_four-brand_endo_tm_h_white. Yellow Black ISSUE: None eps TRAFFIC: Bob McCann ART BUYER: None ACCOUNT: None RETOUCH: Steve Lakeman PRODUCTION: Len Rappaport ART DIRECTOR: None COPYWRITER: None