Our Upstream business includes exploration, development, production, natural gas marketing, and research activities.
ExxonMobil is driven to deliver industry-leading returns through the business cycle. We do this by capturing significant and accretive opportunities to continually highgrade our resource portfolio. We maintain a large, diverse, and balanced portfolio of opportunities to enable selective and profitable growth through a wide range of investment and geopolitical environments. We create value through capital discipline by progressing attractive opportunities. Proven project management systems incorporate best practices developed from our experience of rigorously managing a global project portfolio, from initial discovery phase to production start-up.
Technology is vital to meeting growing global demand for oil and gas. We have a long-standing commitment to apply research and technology to efficiently find, develop, and produce resources from some of the most challenging reservoirs. We benefit from an integrated model, as technology advances in the Upstream, Downstream, and Chemical businesses are used to address challenges across the company.
We focus on improving long-term profitability by investing in higher-margin barrels, maximizing the value of installed capacity, and reducing costs through productivity and efficiency gains. When appropriate, we engage resource owners to develop mutually beneficial fiscal and contractual terms to promote resource development.
Our Upstream strategies, supported by a relentless focus on effective risk management and safety to achieve operational excellence, are designed to generate superior results over the long term.
Our Upstream business includes exploration, development, production, natural gas marketing, and research activities.ExxonMobil is driven to deliver industry-leading returns through the business cycle. We do this by capturing significant and accretive opportunities to continually highgrade our resource portfolio. We maintain a large, diverse, and balanced portfolio of opportunities to enable selective and profitable growth through a wide range of investment and geopolitical environments. We create value through capital discipline by progressing attractive opportunities. Proven project management systems incorporate best practices developed from our experience of rigorously managing a global project portfolio, from initial discovery phase to production start-up.Technology is vital to meeting growing global demand for oil and gas. We have a long-standing commitment to apply research and technology to efficiently find, develop, and produce resources from some of the most challenging reservoirs. We benefit from an integrated model, as technology advances in the Upstream, Downstream, and Chemical businesses are used to address challenges across the company.We focus on improving long-term profitability by investing in higher-margin barrels, maximizing the value of installed capacity, and reducing costs through productivity and efficiency gains. When appropriate, we engage resource owners to develop mutually beneficial fiscal and contractual terms to promote resource development.Our Upstream strategies, supported by a relentless focus on effective risk management and safety to achieve operational excellence, are designed to generate superior results over the long term.
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