Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, as well as manufacture of petroleum products, and transportation and sale of crude oil, natural gas, and petroleum products. The company is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics and various specialty products. It also has interests in electric power generation facilities. Affiliates of the company conduct research programs in support of these businesses. Exploratory and Development Activities Regarding Oil and Gas Resources Extracted by Mining Technologies Syncrude Operations: Syncrude is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen, and then upgrade it to produce a light (32 degrees API), sweet, and synthetic crude oil. Imperial Oil Limited is the owner of a 25 percent interest in the joint venture. The company has a 69.6 percent interest in Imperial Oil Limited. Kearl Project: The Kearl project is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen. Imperial Oil Limited holds a 70.96 percent interest in the joint venture and ExxonMobil Canada Properties holds the other 29.04 percent. The company has a 69.6 percent interest in Imperial Oil Limited and a 100 percent interest in ExxonMobil Canada Properties. Kearl includes 6 oil sands leases covering approximately 48 thousand acres in the Athabasca oil sands deposit. The Kearl project is located approximately 40 miles north of Fort McMurray, Alberta, Canada. Principal Ongoing Activities UNITED STATES As of December 31, 2012, the company’s acreage holdings totaled 15.6 million net acres, of which 2.2 million net acres were offshore. It was active in areas onshore and offshore in the lower 48 states and in Alaska. During 2012, 1,142.7 net exploration and development wells were completed in the inland lower 48 states. Development activities focused on the San Joaquin Basin of California, the Woodford Shale of Oklahoma, the Bakken oil play in North Dakota and Montana, the Permian Basin of west Texas and New Mexico, the Marcellus Shale of Pennsylvania and West Virginia, the Haynesville Shale of Texas and Louisiana, the Barnett Shale of north Texas, the Fayetteville Shale of Arkansas, and the Freestone Trend of east Texas. As of December 31, 2012, the company’s net acreage in the Gulf of Mexico was 2.1 million acres. A total of 2.6 net exploration and development wells were completed in 2012. Development activities continued on the deepwater Hadrian South project and the non-operated Lucius project. Participation in Alaska production and development continued with a total of 15.0 net development wells completed. CANADA/SOUTH AMERICA Canada Oil and Gas Operations: As of December 31, 2012, the company’s acreage holdings totaled 5.2 million net acres, of which 1.5 million net acres were offshore. A total of 44.1 net exploration and development wells were completed in 2012. The Hebron project, located offshore Newfoundland, was funded in 2012. In Situ Bitumen Operations: As of December 31, 2012, the company’s in situ bitumen acreage holdings totaled 0.5 million net onshore acres. A total of 31.0 net development wells were completed in 2012. The Cold Lake Nabiye Expansion project was funded in 2012. Argentina As of December 31, 2012, the company’s net acreage totaled 1.0 million onshore acres. There was 0.5 net development well completed in 2012. EUROPE Germany A total of 4.9 million net onshore acres and 0.1 million net offshore acres were held by the company as of December 31, 2012, with 6.1 net exploration and development wells completed in 2012. Netherlands As of December 31, 2012, the company’s net interest in licenses totaled approximately 1.5 million acres, of which 1.2 million acres are onshore. A total of 5.7 net exploration and development wells were completed in 2012. Norway As of December 31, 2012, the company’s net interest in licenses totaled approximately 1.0