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Millions of shareholders benefit from ExxonMobil's performance
29 May '08
3 min read
ExxonMobil Corporation is outpacing its competitors in providing shareholder value and is well positioned to deliver vital energy to meet growing global demand while protecting the environment, the corporation said at its Annual Meeting of Shareholders.
“The past year was an outstanding year and a record for our corporation by nearly every measure,” Rex W. Tillerson, chairman and chief executive officer, said in a presentation to shareholders. “We achieved these results by delivering industry-leading safety performance, excellence in operations and environmental protection, strong governance and disciplined investment performance.”
The annualized return on investment for ExxonMobil shareholders was more than 24 percent per year over the past five years, tripling the value of an investment during the period. Put another way, $1,000 invested in ExxonMobil in 1987 is now worth nearly $19,000, double the growth of the Standard & Poor's 500 Index and ahead of the average of ExxonMobil's competitors.
“We generated greater shareholder value than our industry competition and greater value than the broader market,” said Tillerson. “Millions of people have benefited financially by holding ExxonMobil shares either directly or indirectly through their pension, insurance and mutual funds.”
Tillerson outlined the company's efforts to protect the environment, by reducing greenhouse gas emissions, preventing spills and protecting biodiversity.
“Energy security, economic growth and environmental impacts are increasingly on the minds of people today,” he said. “We're focused on safely and reliably meeting the growing energy demand while working to reduce our impact on the environment.”
“The past year was an outstanding year and a record for our corporation by nearly every measure,” Rex W. Tillerson, chairman and chief executive officer, said in a presentation to shareholders. “We achieved these results by delivering industry-leading safety performance, excellence in operations and environmental protection, strong governance and disciplined investment performance.”
The annualized return on investment for ExxonMobil shareholders was more than 24 percent per year over the past five years, tripling the value of an investment during the period. Put another way, $1,000 invested in ExxonMobil in 1987 is now worth nearly $19,000, double the growth of the Standard & Poor's 500 Index and ahead of the average of ExxonMobil's competitors.
“We generated greater shareholder value than our industry competition and greater value than the broader market,” said Tillerson. “Millions of people have benefited financially by holding ExxonMobil shares either directly or indirectly through their pension, insurance and mutual funds.”
Tillerson outlined the company's efforts to protect the environment, by reducing greenhouse gas emissions, preventing spills and protecting biodiversity.
“Energy security, economic growth and environmental impacts are increasingly on the minds of people today,” he said. “We're focused on safely and reliably meeting the growing energy demand while working to reduce our impact on the environment.”
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