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ExxonMobil Surpassed Itself

US oil and gas corporation Exxon Mobil announced that it is outpacing its competition

ExxonMobil Surpassed Itself

US oil and gas corporation Exxon Mobil announced that it is outpacing its competition with a combination of financial strength, operational synergies, and industry-leading technology.

Rex Tillerson, the president of Exxon Mobil cited more than $11 billion in new potential projects, such as including a Qatar Gas to Liquids Plant, a Qatar Ethane Cracker, the Jose Chemical Project in Venezuela and the Fujian Refining in China, Chemicals and Marketing Joint Venture, all announced in 2004.

ExxonMobil spends more than $600 million a year on proprietary technology, more than any of its competitors.

In discussing ExxonMobil's financial strength and flexibility, Tillerson said, "This is a well-established record of performance and good for anyone who chooses to partner with us. The company has the financial stability to take on the world's toughest energy challenges."

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