Massive, highly diversified, global operations in the upstream, downstream, and petrochemical sectors A large backlog of major projects, which should increase the company's production through 2017 A disciplined management team that has displayed strong continuity with respect to strategy and philosophy Excellent technical talent and a track record of completing large, complex projects on time Exposure to a volatile and highly cyclical industry Strong profitability and cash flow at most points in the commodity price cycle Conservative financial leverage measures Highly capital-intensive operations The stable outlook reflects Standard&Poor's Ratings Services' expectation that ExxonMobil Corp. will continue to follow very conservative financial policies of low leverage and responsible capital stewardship. Based on ExxonMobil's role as a very large, well-capitalized
