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ExxonMobil Saudi Arabia, Inc.

ExxonMobil Saudi Arabia, Inc. Desmond P Carr Chairman & CEO ExxonMobil Saudi Arabia, Inc. November 19, 2006. ExxonMobil in the Kingdom. Business partners for over five decades Largest direct foreign investor Involved in six joint ventures (JV)

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ExxonMobil Saudi Arabia, Inc.

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  1. ExxonMobil Saudi Arabia, Inc. Desmond P Carr Chairman & CEO ExxonMobil Saudi Arabia, Inc. November 19, 2006

  2. ExxonMobil in the Kingdom • Business partners for over five decades • Largest direct foreign investor • Involved in six joint ventures (JV) • Cumulative investment of over 14 billion dollars • Employ over 3,000 Saudi Arabian nationals • Participate with Saudi Aramco on two refineries • Hold interest in two marketing JVs • Participate with SABIC in two world-class chemical JVs • Continued pursuit of additional high quality, internationally competitive investment opportunities

  3. ExxonMobil Chemical Business Strategies Long-term strategy built on ExxonMobil’s core competencies • Unique portfolio of global integrated businesses • Constant focus on cost management, operational excellence • Disciplined investment in advantaged projects • Technology leadership

  4. ExxonMobil Chemical Worldwide • Among top three petrochemical companies • 90% of businesses ranked 1 or 2 by market position • 90% of capacity integrated with refineries or gas processing • Global Research & Development / Technology capability • Manufacturing locations in 17 countries • Largest joint ventures are Yanpet and Kemya • Products marketed in more than 150 countries • 13,000 employees The term “ExxonMobil Chemical” includes ExxonMobil Chemical Company and affiliated companies.

  5. Global Businesses • Basic Chemicals • Olefins • Aromatics • Intermediates • Fluids • Oxo • Synthetics • Polymers • Adhesives • Butyl • Films • Polyethylene • Polypropylene • Specialty Elastomers • Our goal is to provide more value to our customers by better understanding their expectations and meeting those expectations with the optimum products and expected services at the right price

  6. TIRE AUTOMOTIVE PERSONAL CARE CONSTRUCTION PACKAGING BLACK SIDEWALL NYLON OVERLAYS TREAD STEEL BELTS BELT WEDGE POLYESTER CARCASS PLIES HALOBUTYL LINER APEX WHITE SIDEWALL CHAFER HIGH TENSILE BEAD WIRE FABRIC TOEGUARD Key Markets We Serve

  7. Potential Projects • SABIC and ExxonMobil studying petrochemical expansion in KSA • Grow JVs at Yanbu and Al-Jubail • Include carbon black, rubber and thermoplastic specialty polymers • Technology Center and support • Other regional projects

  8. Butyl and Carbon Black Butyl End Uses Tires = 85% Tire Gum Adhesives Pharmaceuticals Other Carbon Black End Uses Tires = 70% Tires Belts, Hoses, etc. Plastics, Ink, Paper, Misc Automotive applications are Key Markets

  9. Derivatives EPDM and TPO/TPE EPDM Applications Body Sealing Oil Modification Mechanical Goods Electrical Hoses & Belts Tires & Tubes Construction Others Plastic Modification TPE Applications Automobile Film Others Automotive applications are Key Markets

  10. Long-term Commitment to Saudi Arabia • ExxonMobil’s JV experience demonstrates contribution of foreign investment to economic development • Successful JV Partnerships based on: • Effective JV governance structures • Commitment to attract, train and retain Saudi Arabian nationals • Development of processes and procedures required to operate our world class facilities to world class safety, health and environmental standards • We are proud of the best in class performance of our Saudi Arabia petrochemical ventures • Confident that this success can be maintained and replicated

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