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Powering the world's progress

At every link in the energy supply chain, ExxonMobil seeks to advance innovation and technology to deliver the energy the world needs — to support growth, opportunity and progress for all citizens.

Powering the world’s progress means expanding the benefits of modern energy while protecting the environment and addressing the impacts of greenhouse gas emissions and climate change. ExxonMobil’s approach to powering the world’s progress is founded on our core belief that a relentless pursuit of operational excellence, coupled with the power of science, technology and engineering in the hands of people with integrity, can solve even the most challenging problems.

ExxonMobil plays a key role in providing the energy needed for continued economic prosperity and human progress. The immense size of global energy needs can be difficult to conceptualize. Global energy demand in 2015 is estimated to be about 560 quadrillion British thermal units (BTUs), equivalent to about 12 billion gallons of gasoline daily, and this number is increasing. To put that number into perspective, the ExxonMobil-operated Hebron project in eastern Canada will produce approximately 700 million barrels of oil over the course of 30 years, enough to satisfy about three days of current global demand. For informa-tion on the global, economic, social and technological factors that determine the world’s energy needs, see the discussion on our Outlook for Energy.

In addition to providing oil and gas resources, we strive to make significant contributions around the world through our capital and exploration expenditures and investments in research and development, as well as our community investments and local content development. In 2015, our capital and exploration expenditures, shareholder distributions, production, manufacturing and office expenses, and government taxes and duties totaled $149 billion. For more in-depth analysis of our financial performance and investment decisions, see our 2015 Summary Annual Report and 2015 Financial and Operating Review.

Global economic flows from ExxonMobil in 2015
Chart — ExxonMobil is a significant contributor to the global economy. In 2015, global economic flows from ExxonMobil totaled $149 billion, with the highest contribution in government taxes and duties.