Market Overview

ExxonMobil Doubles Manufacturing Capacity of Specialty Elastomers at Newport, Wales Plant

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  • Specialty thermoplastics help reduce vehicle and consumer product
    weight, leading to improved fuel efficiency and higher performance
  • Expansion increases global manufacturing capacity of Santoprene™ by 25
    percent
  • Two new production lines add 35 full-time jobs at Newport plant

ExxonMobil
said today it has completed an expansion of its specialty elastomers
manufacturing plant in Newport, Wales, which doubles the plant's
manufacturing capacity and increases global manufacturing capacity of
Santoprene™ thermoplastic elastomers by 25 percent.

"ExxonMobil's high-performance plastics help make automotive and
consumer products lighter, resulting in improved fuel efficiency and
higher performance, compared with products made with traditional
materials," said Karen McKee, president of ExxonMobil Chemical Company.
"This Newport investment doubles the site's manufacturing capacity of
higher-value products."

Santoprene™ thermoplastic elastomers are engineered to perform like
vulcanized rubber, and can be re-used and re-engineered, leading to
reduced shipping weights, improved recycling capabilities and
more-sustainable manufacturing.

The project created approximately 35 full-time production jobs and
supported 130 jobs during construction. ExxonMobil also manufactures
Santoprene™ in Pensacola, Florida.

This announcement follows ExxonMobil's recently announced plans to
expand its Fawley refinery in the United Kingdom to increase production
of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per
day.

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world's growing
energy needs. ExxonMobil holds an industry-leading inventory of
resources, is one of the largest refiners and marketers of petroleum
products and its chemical company is one of the largest in the world.
For more information, visit www.exxonmobil.com
or follow us on Twitter www.twitter.com/exxonmobil.

Cautionary Statement: Statements of future
events or conditions in this release are forward-looking statements.
Actual future results, including project plans, schedules, costs, and
capacities, production rates, and business results could differ
materially due to changes in market conditions affecting the oil, gas,
and petrochemical industries or long-term prices for oil, gas, and
petrochemical products; political or regulatory developments including
changes in law; actions of competitors and development of competing
products; and the outcome of commercial negotiations; technical or
operating factors; the outcome of commercial negotiations; and other
factors cited under the caption "Factors Affecting Future Results" on
the Investors page of our website at exxonmobil.com. The term "project"
in this release may refer to a variety of different activities and does
not necessarily have the same meaning as in any government payment
transparency reports.

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