Annual Meeting 2012- Meeting Tomorrow's Energy Demands

Meeting Tomorrow's Energy Demands
F. E. (Emil) Jacobs, Vice President Research and Development, ExxonMobil Research and Engineering Company

For more than 150 years, technological innovation has been an integral source of competitive advantage in the energy industry. The energy landscape remains dynamic, as expanding populations and economies push energy demand higher. Energy supplies continue to diversify as new technologies and sources emerge. Ensuring the reliable and affordable energy supplies necessary to support human progress requires a continuous stream of technological innovations. Delivering these innovations in a mature, capital intensive industry requires discipline and efficiency, a diverse source of new ideas, and close ties to the business units. In this talk I will discuss our efforts focused on the rapid discovery, development, and deployment of energy technologies, with a particular focus on the roles of fundamental R&D, collaboration, and partnership in the innovation process.