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Current issues
Issues related to energy production and consumption are important to us all. ExxonMobil invites you to learn more about the topics that affect our company, our industry and our world.
We are committed to the prevention of spills from our operations. We have increased emphasis on equipment reliability, individual accountability in daily activities to reduce human error, training to address high spill risk areas, and increased infrastructure inspections.
As our diverse portfolio of projects spans the globe and requires us to work in remote and sensitive environments—arctic locations, deep water, and biodiverse onshore locations—we are committed to operating in a way that protects the environment.
Safety, health and the workplace
Our employees are our most valuable resource and are at the core of ExxonMobil's achievements. We invest in the safety, health, development, and training of our workforce to ensure that we attract and retain the most capable individuals.
ExxonMobil expects that global energy demand in 2030 will be almost 35 percent higher than in 2005, even accounting for the recession that dampened energy demand in 2009.
Breakthrough technologies—including some pioneered by ExxonMobil—have helped keep pace with rising global energy demand by making more energy supplies available, while also reducing the environmental footprint of energy development.
Managing greenhouse-gas emissions and meeting growing energy demand requires an integrated set of solutions including increasing efficiency, advancing lower-carbon energy technologies, and supporting effective national and international policies.
Reducing greenhouse gas emissions from our operations
Our strategy to reduce greenhouse-gas emissions is focused on increasing energy efficiency, implementing current proven emission-reducing technologies and developing breakthrough technologies.
Stable tax policies to spur long-term investment
In 2009 ExxonMobil's worldwide tax expenses amounted to $81 billion, more than four times our earnings. About 25 percent of our revenue went to taxes around the world. Our earnings, after taxes, amounted to 6.2 percent of our revenues.
Making the most of energy resources is about more than oil and gas production — it is about forming a global partnership for development, and creating and delivering sustainable, long-term benefits to local communities.
As a global company, our role in helping address these complexities has expanded over the years. We promote respect for human rights, not just because doing so fosters a stable and productive business environment, but more importantly, because it is the right and responsible thing to do.
ExxonMobil is committed to honest and ethical behavior and opposes corruption by supporting transparency. We are also committed to promoting respect for human rights and to serving as a positive influence in the communities where we operate. It is the right and responsible thing to do, and doing so promotes stable and constructive business environments.
In 2009 the U.S. oil and gas industry earned, on average, about 4.3 cents per dollar of sales — below the average of 5.5 cents per dollar revenue for "All Manufacturers" and significantly less than the average of 6.9 cents per dollar revenue for "All Manufacturers (less Autos)."
Although current retail gasoline prices are well below the levels of almost two years ago in the summer of 2008, gasoline prices have been increasing over the past few weeks, along with possible early signs of economic recovery in the U.S. and abroad.
