Slide 1: Treasurer's Department 2004/05 Recruiting
Treasurer’s Department 2004/05 Recruiting
Slide 2: Global Energy Industry
Global Energy Industry Growth – World oil and gas demand growing – Chemical business expanding – Independent power growing Dynamic Environment – Rapid advances in technology – Competitive landscape changing dramatically Abundant Opportunities – Vast new areas being opened up for development – Emergi
Slide 3: Industry Themes
Industry Themes Financial Objectives Constancy of Purpose – Shareholder value – Capital intensive business – Financial strength/flexibility – Long term horizon – High return on capital employed – Geopolitical dynamics Consolidation Technology – Economies of scale – Alternative fuels – Geographical d
Slide 4: 2003 Financial Highlights
2003 Financial Highlights Financial ♦ 20 year shareholder return: 16%/yr. ♦ Assets: $175 billion ♦ Revenues: $247 billion (‘03) # 3 Fortune Global 500 ♦ Net Income:$21.5 billion (‘03) $11.2 billion (1H’04) #1 Fortune Global 500 ♦ One of nine US AAA-rated companies 4
Slide 5: Employing Cutting Edge Technology
Employing Cutting Edge Technology 5
Slide 6: Keys To Our Success
Keys To Our Success Strategies, Operating Philosophies and Competitive Strengths ♦ Strategies − Disciplined approach to capital investment − Profitable growth in selected areas and businesses − Most efficient competitor − Leading-edge technologies − Operational excellence − Continuous improvement ♦
Slide 7: ExxonMobil at a Glance
ExxonMobil at a Glance Exxon Mobil Corporation (Worldwide HQ in Irving, Texas) Upstream Chemicals Downstream (Houston, TX.) (Houston, TX.) (Fairfax, VA.) Exploration Refining & Supply Development Fuels Marketing Production Lubricants & Petroleum Gas Marketing Specialties Research and Engineering Ups
Slide 8: Scope of Operations: 200 countries
Scope of Operations: 200 countries Sales Net Income ♦ Upstream (~40 countries) ~10% ~65% − Resource base of 72 billion oil equivalent barrels − Proved reserves: 22 billion oil equivalent barrels − World’s largest non-government gas producer − World’s largest non-government gas reserves holder − Indu
Slide 9: International Exposure
International Exposure ♦ More than two thirds of ExxonMobil’s assets are outside the U.S. ♦ Wide range of complex financial and managerial challenges Norway U.K. Sakhalin Azerbaijan Netherlands Kazakhstan Calgary Toronto Germany Belgium France Italy Qatar Virginia Texas Bermuda Japan Venezuela Hong
Slide 10: The Business Environment
The Business Environment ♦ Capital-intensive – $102 billion in capital employed ♦ Long-term, high risk opportunities ♦ Significant risk to manage - forex - tax/fiscal/legal - inflation - environmental - physical - interest rate - cost - political - price - technology ♦ Size and diversity tend to ste
Slide 11: Corporate Treasurer's Organization
Corporate Treasurer’s Organization Vice President and Treasurer Assistant Treasurer Global Shared & Corporate Services Business/Credit Services Global Risk Benefits Affiliate Corporate Cash Mgmt./ Finance Finance Upstream Chemicals Dwnstrm Mgmt. Insurance & Treasurer Treasurer Treasurer Capital Invs
Slide 12: Our Challenge - Financing The Business
Our Challenge - Financing The Business ♦ Enhance shareholder returns through prudent use of leverage ♦ Manage capital structure to avoid constraints on the business ♦ Minimize financing costs while balancing risk ♦ Manage cash flows centrally to minimize risk and maximize return ♦ Undertake attracti
Slide 13: ExxonMobil Treasury Careers
ExxonMobil Treasury Careers Maximizing Your Potential First 2 Years • Start in HQ - Irving • Rotations through: — Affiliate Finance — Benefits Finance & Investment — Capital Markets — Financial Planning & Analysis — Risk Mgmt & Insurance • Exposure to senior management Next few years • Assignments i
Slide 14: ExxonMobil Treasury Careers
ExxonMobil Treasury Careers Designed for long-term growth ♦ Focus on executive development ♦ Promotion from within; development through job rotation ♦ Development and high expectations to achieve personal success ♦ Collegial, supportive peer environment ♦ Employees are partners in career decisions ♦
Slide 15: Projects in Corporate HQ in Irving
Projects in Corporate HQ in Irving ♦ Financial Planning & Analysis ♦ Benefits Finance & Investment — Investment policies — Funding policies — Capital structure — Investment strategies — Competitor analysis — In-house asset management Scope: $15B capex Scope: $31B benefit obligations $7B dividends $1
Slide 16: $600 Million Chad Cameroon Project Finance
$600 Million Chad Cameroon Project Finance ♦ Project to develop and transport landlocked oil – 1 billion barrels recoverable oil – Requires 650 mile pipeline through Cameroon – Total project cost: $3.7 billion ♦ Objective: Mitigate project risk ♦ Financing is highly complex – Gov’t multilateral – Do
Slide 17: ExxonMobil Culture
ExxonMobil Culture ♦ Analytical, intellectual, probing ♦ Long-term approach ♦ Unwavering ethics ♦ Collegial - partners with colleagues, operations and senior management ♦ Consensus building ♦ Premium on candor ♦ Independent-minded ♦ Many investment banking functions managed in-house ♦ Dedication to
Slide 18: Why ExxonMobil?
Why ExxonMobil? Unparalleled Opportunity ♦ Unrivaled international opportunities for people with strong financial backgrounds ♦ Dynamic, capital-intensive, technology-driven industry ♦ Challenging career opportunities with global scope ♦ Commitment to long-term career growth ♦ Opportunities aligned
Slide 19: ExxonMobil Financial Management Careers
ExxonMobil Financial Management Careers What we are looking for ... ♦ Well-developed communications and interpersonal skills ♦ Excellent analytical skills ♦ Geographic mobility ♦ Creativity and innovation ♦ Demonstrated leadership capability ♦ Flexibility to handle multiple tasks 19