An ExxonMobil publication Malaysia partnership Plus Raising the bar Plenti program King Ranch tour OFC1 Hadrian startup Chemicals outlook – 1 No. 2015 B:8.625” T:8.125” S:7.125” BE AN ENGI NEER An opportunity to solve some of the world’s toughest challenges. Millions of cool jobs. Higher salaries. These are just a few of the many reasons why kids should consider becoming engineers. Help us inspire our future engineers. Visit BeAnEngineer.com T:10.875” B:11.25” S:9.875” 1 This advertisement was prepared by BBDO New York Filename: P55325_EMC_COR_V5.indd CLIENT: ExxonMobil Corporate Proof #: 5 Path: Studio:Volumes:Studio:MECHANIC... Created: 4-6-2015 9:56 AM PRODUCT: BAE Girl Pink Mechanicals:P55325_EMC_COR_V5.indd Saved: 4-6-2015 9:57 AM JOB#: P55325 Operators: Brand, Adrienne / Brand, Adrienne Printed: 4-6-2015 9:57 AM SPACE: Full Page: 4C Print Scale: None BLEED: 8.625” x 11.25” TRIM: 8.125” x 10.875” Fonts Ink Names SAFETY: 7.125” x 9.875” EMprint (Bold, Regular) Cyan GUTTER: None Graphic Name Color Space Eff. Res. Magenta PUBS: SWE and NSBE Kitchen Background.psd (CMYK; 512 ppi), exmo_tag_tm_white.eps, Yellow Black ISSUE: None Girl_pinkShirt.psd (CMYK; 666 ppi, -667 ppi) TRAFFIC: Bob McCann ART BUYER: None ACCOUNT: None RETOUCH: Steve Lakeman PRODUCTION: Len Rappaport ART DIRECTOR: Miles Gilbert COPYWRITER: None 50 years of Malaysian operations. Story on page 5 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.