2004 Summary Annual Report - ExxonMobil

C ORPORATE 5
Disciplined execution of the right strategies and activities generates superior results.
At ExxonMobil, decisions are made to maximize results for the long term. They are rooted
in long-held corporate values and carried out with the highest standards and integrity.
Our Management Committee oversees and provides
leadership for the disciplined execution of our global business.
Each of the five members is functionally responsible for a
part of the operating business and business services.
All major decisions, strategic plans, and results are reviewed
by this group. The committee works as an integrated team,
assessing reward and risk, and making the decisions that
will shape our business and maximize returns for our shareholders.
Collectively, the committee brings over 180 years of
company and industry experience to the decisions they make.
The Management Committee ensures that the core values
and principles that have established us as the world’s
premier petroleum and petrochemical company are reflected
in the Corporation’s long-term strategies and day-to-day
activities. Foremost among them is the straightforward
approach and integrity with which we conduct our business,
including our relationships with shareholders, governments,
customers, business partners, employees, and communities.
Anchored by our unmatched financial strength and industryleading
technology, our disciplined approach to the business
enables us to fulfill our basic economic function and responsibilities
as a corporate citizen. Our challenge is to meet the
needs of a growing worldwide economy, while improving the
communities where we operate, and delivering unparalleled
long-term value to our shareholders.
The Management Committee consists of, from left:
Ed Galante, Senior Vice President;
Rex Tillerson, President;
Lee Raymond, Chairman and CEO;
Stuart McGill, Senior Vice President; and,
Steve Simon, Senior Vice President.
R OCE LEADERSHIP
Annual Return on Average Capital Employed
ExxonMobil Integrated Oil Competitor Average (1)
(percent)
25
20
15
10
5
0
2000 2001 2002 2003 2004
(1) Royal Dutch Shell, BP, and ChevronTexaco values calculated on a consistent basis
with ExxonMobil, based on public information. Competitor data estimated for 2004.
EXXON MOBIL CORPORATION • 2004 SUMMARY ANNUAL REPORT