ExxonMobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene, and a variety of speciality products. Over 90% of the company's petrochemical assets are in businesses where ExxonMobil claims to hold number one or two market positions.
ExxonMobil is also engaged in the exploration, production, refining and marketing of oil and gas, mining and sale of coal, copper and other minerals, and has interests in power generation.
The company intends to grow and strengthen its chemical businesses through new product development and expansion in new markets. It will also focus on improving efficiency and reducing the costs of manufacturing, selling, and distributing its products.
ExxonMobil Chemical’s strategy is to focus on businesses that capitalise on core competencies and build proprietary technology positions. It will capture full benefits of integration across ExxonMobil operations and consistently deliver best-in-class performance. The company will selectively invest in advantaged projects.
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Chairman and CEO: Rex Tillerson
Senior VP: Mark Albers
Senior VP: Michael Dolan
Senior VP: Andrew Swiger
Senior VP: Donald Humphreys
Board member: Peter Brabeck-Letmathe
Board member: Jay Fishman
ExxonMobil Corp 5959 Las Colinas Boulevard Irving Texas 75039-2298 US Tel: +1 972 444 1000 Fax: +1 972 444 1348
ExxonMobil Chemical Co13501 Katy FreewayHoustonTexas 77079-1398USTel: +1 281 870 6000Fax: +1 281 870 6661
ExxonMobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene, and a variety of speciality products. On 1 December 1998, Exxon Corporation and Mobil Corporation signed an agreement to merge the two companies. Following shareholder approval, regulatory reviews and other conditions, Exxon Mobil Corporation was formed on 30 November 1999.
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The chemical business of ExxonMobil is believed to be a growth driver, with its high-volume commodity chemical portfolio. The company intends to grow and strengthen its chemical businesses through new product development and expansion in new markets. It will also focus on improving efficiency and reducing the costs of manufacturing, selling, and distributing its products. (Edited from: Annual Report) ICIS also provides you with key financial data listed in table form.
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VIDEO: ICIS Special Report - US olefins and polymers