Increase Chemical earnings by…

  1. Starting up 13 new facilities and increasing production by 10 million tonnes per year by 2025
  2. Aggressively growing sales of high-value performance products by 50% by 2025
  3. Expanding technology portfolio with a focus on sustainability leadership by 2025

Business overview

Our Chemical business is one of the largest, most successful chemical companies in the world. Investment in technology and new capacity enables us to capitalize on growing chemical demand worldwide.

We are investing in two world-class steam crackers on the U.S. Gulf Coast while expanding our capacity in Singapore to meet the needs of growing economies in Asia. Leveraging our strength in technology, we are highgrading our product portfolio to focus on higher-performing products.

We process feedstock from our Upstream and Downstream operations, and from third parties, with world-scale manufacturing facilities strategically located around the globe. We focus on product lines that benefit from our scale and technology advantages to deliver higher-performance products. We have a strong market position in every business line and are able to generate returns throughout the business cycle.

Chemical: sustainability solutions

$4.5 billion

in earnings

1.3 million

tonnes of new polyethylene capacity at Mont Belvieu, Texas

16%

return on average capital employed

Strategies

  • Strengthen existing businesses and integrated complexes
  • Leverage unique competitive position for performance products growth
  • Embed sustainability leadership into business

6.8 million tonnes of performance products sales

$3.8 billion investment in specialty businesses and advantaged feed

3.5 million tonnes Singapore aromatics capacity post-Jurong Aromatics acquisition

Business environment

Global chemical demand has doubled since 2000, well above economic and energy demand. Over the next two to three decades, we expect this demand to continue to grow at about 4 percent annually.

Nearly three-quarters of that increased demand will be in Asia. Rising prosperity and a growing middle class in the region will drive expanded purchases of packaged goods, appliances, cars, and other consumable items, many of which are manufactured from the chemicals we produce.

We are committed to helping our customers reduce their impact on the environment. Our development of advanced polymer materials is leading the way to:

  • Lighter, more fuel-efficient cars
  • Plastic packaging that reduces the energy needed to ship goods around the world
We’re accelerating our investments to capitalize on chemical demand growth, much of which is coming from Asia. We will be adding new facilities in North America and Asia with a focus on manufacturing the sustainable performance products our customers want. Our aggressive growth program will leverage the strength of the Corporation in executing large-scale capital projects.
John Verity President, ExxonMobil Chemical Company

Increase Chemical earnings by…

  1. Starting up 13 new facilities and increasing production by 10 million tonnes per year by 2025
  2. Aggressively growing sales of high-value performance products by 50% by 2025
  3. Expanding technology portfolio with a focus on sustainability leadership by 2025

6.8 million tonnes of performance products sales

$3.8 billion investment in specialty businesses and advantaged feed

3.5 million tonnes Singapore aromatics capacity post-Jurong Aromatics acquisition

Chemical statistical recap

2017 2016 2015 2014 2013
Earnings (millions of dollars) 4,518 4,615 4,418 4,315 3,828
Prime product sales † (thousands of tonnes) 25,420 24,925 24,713 24,235 24,063
Average capital employed ‡ (millions of dollars) 27,516 24,844 23,750 22,197 20,665
Return on average capital employed ‡ (percent) 16.4 18.6 18.6 19.4 18.5
Capital expenditures ‡ (millions of dollars) 3,771 2,207 2,843 2,741 1,832

Prime product sales data reported net of purchases/sales contracts with the same counterparty.

See Frequently used terms.