Exxon Mobil Corporation (ticker: XOM, exchange: New York Stock Exchange (.N))
News Release -
Minerals Management Service Honors ExxonMobil with Major Operations Excellence and Revenues Stewardship Awards
IRVING, Texas--(BUSINESS WIRE)--April 25, 2006--The U.S.
Department of the Interior Minerals Management Service (MMS) has
selected Exxon Mobil Corporation (NYSE:XOM) to receive two of its
highest honors for 2005: the Safe Operations and Accurate Reporting
(SOAR) Award, and the Mineral Revenues Stewardship Award.
The SOAR Award honors ExxonMobil for the company's outstanding
offshore operating performance and its fiscal responsibility. The
agency recognized ExxonMobil as one of the best performing companies
operating on the Outer Continental Shelf for its safety and fiscal
management and reporting practices.
ExxonMobil received the Mineral Revenues Stewardship Award in
recognition of the company's exceptional performance in reporting oil
and gas production, and paying royalties for mineral leases on federal
and Indian lands. The award, established in 1987, honors ExxonMobil
for the overall accuracy and timeliness of its payments and reports,
as well as for its cooperation and responsiveness to compliance and
enforcement requests. More than 2,500 companies report production and
pay royalties for federal and Indian mineral leases.
"We are honored to be recognized by the MMS as a leader in
operational performance," said Rich Kruger, vice president of U.S.
Production for ExxonMobil. "In 2005, our employees and contractors
achieved truly outstanding results, and the SOAR award acknowledges
their accomplishments and our company's commitment to maintaining the
highest standards of operational excellence and environmental care."
Noted Kruger, "The Revenues Stewardship Award recognizes
ExxonMobil's corporate commitment to the sound and responsible
administration of its oil and gas leases, the proper reporting of
production volumes and the detailed management of ongoing payments to
the company's royalty owners and other stakeholders. The honor is the
result of the outstanding work by our dedicated employees involved in
ExxonMobil has won major recognition from the MMS numerous times
during the past few years. The company won SOAR and Mineral Revenues
Stewardship awards in 2003 and the National Safety Award for
Excellence (SAFE) in 2001 and 2002, as well as the agency's Corporate
Citizen Award for 2001. The awards recognized ExxonMobil's safety
record and operational performance at its U.S. offshore drilling and
production facilities, and its production and royalty reporting
The MMS is the federal agency within the Department of the
Interior that manages the nation's natural gas, oil and other mineral
resources on the Outer Continental Shelf. The agency also collects,
accounts for, and disburses revenues from federal offshore mineral
leases and from onshore mineral leases on federal and Indian lands.
These revenues totaled more than $10.2 billion in 2005 and more than
$143 billion since the agency's inception in 1982.
Susan Reeves, 713-656-4376
SOURCE: Exxon Mobil Corporation