financial resource management

ExxonMobil recognizes that it is our responsibility to help meet the world’s growing energy needs while providing competitively priced supplies to our customers and delivering value to our shareholders. Our earnings enable us to continue making sizable investments in energy production and technologies that benefit society. ExxonMobil is investing at record levels — a total of $89 billion on six continents over the last five years and almost $21 billion in 2007 alone.

Investments for the Long Term
The energy industry is a long-term business that requires decisions to be made with a time horizon that is measured in decades rather than months or years. We have a responsibility to our shareholders to ensure that each investment decision is made using a disciplined approach. Our portfolio consists of about 120 projects that are expected to ultimately produce about 24 billion oil-equivalent barrels (net). ExxonMobil participated in seven major upstream project start-ups in 2007, and in 2008, we anticipate 12 more start-ups around the world. At peak production rates, these projects are expected to add nearly 600 thousand oil-equivalent barrels per day. We also continue to invest in cost-effective capacity expansion of our existing facilities to enhance refinery capacity and yield.

Shareholders and Distribution of Returns
Approximately 2.5 million individual shareholders own about 40 percent of ExxonMobil’s common stock, and the remaining shares are owned by institutions, including those that manage mutual funds, teacher equity funds, and public employee pension funds. We are committed to delivering superior shareholder value through disciplined capital investment, operational excellence, and a long-term, consistent industry perspective. This approach results in superior earnings and cash flows throughout the business cycle. This model has enabled ExxonMobil stock to consistently outpace the S&P 500 Index over the past 5-, 10-, and 20-year periods.

Over the past five years, we have distributed nearly $118 billion to our shareholders through quarterly dividend payments and share purchases to reduce shares outstanding. In 2007, our total shareholder distributions were $36 billion, including $28 billion in share purchases. For more than 100 years, the Corporation has paid dividends, and annual dividends per share have increased every year over the past 25 years. Annual dividend payments per share increased by 7 percent in 2007 from 2006, and 49 percent since 2002.