Leadership across the entire value chain
Our relentless focus on operational excellence drives reliability and efficiencies across our manufacturing, logistics, and marketing operations. We improve our profitability by participating along the entire value chain and manufacturing a wide variety of valued products that meet our customers’ needs.
Our average refining capacity exceeds the industry average by more than 75 percent. In addition, most of our refining capacity is fully integrated with chemical and lubricant facilities, enabling us to operate more efficiently than our competition. Our operating costs are approximately 15 percent lower than the industry average, due in part to our shared personnel, utilities, and infrastructure.
ExxonMobil’s average refining capacity exceeds the industry average by more than 75 percent.
Integration also gives us the ability to maximize the value of every molecule. This flexibility helps us better respond to changes in consumer demand and market prices, converting the lowest-cost feedstocks into the highest-value refined or chemical products.
Our finished products all benefit from strong brands that are among the industry leaders in markets around the world. Our Synergy-branded gasoline sold at Exxon-, Mobil-, and Esso-branded service stations improves gas mileage for our customers. Our lubricants, including our Mobil 1 synthetic motor oil, extend change frequency and engine life, reducing our customers’ costs.
Building on our strengths
We continue to drive improvements and build on our strengths to compete more effectively and grow earnings. We have recently taken steps to streamline the Downstream organization, reducing overhead and improving market responsiveness – becoming more efficient and effective. We are entering new markets, capitalizing on commercial and digital opportunities, and progressing advantaged investments in our manufacturing facilities, products, and premier brands.
Highlight: Reducing project cost
Our capital project development and execution capabilities enable us to integrate new technologies and facilities into existing plants. Combining this with our proprietary design tools and expertise, we are able to deliver world-class projects at low costs with improved process safety, integrity, and reliability. For example, these capabilities helped us reduce costs in our Downstream portfolio by approximately $500 million in 2017 while improving product yields and operating performance.
Downstream statistical information