Global oil market

As global commodities, oil and petroleum products (including gasoline and diesel) are subject to the price swings in free markets and can be influenced by perceptions about future supply and demand. 

• ExxonMobil is the largest non-government owned company in the energy industry — yet we produce only about 3 percent of the world's oil and less than 2 percent of the world's energy.
• Alongside initial signs of economic recovery, global oil consumption rose to 85.4 million barrels per day in the first quarter of 2010, from a 2009 average of 84 million barrels per day.
• ExxonMobil is a net buyer of crude oil, and in 2009 refined about 5.4 million barrels per day, more than twice the company's daily crude oil production.
• U.S. liquid fuels consumption declined by about 800,000 barrels per day in 2009 versus 2008, a 4.2 percent drop to 18.7 million barrels per day.  Motor gasoline was the only major petroleum product for which annual consumption did not decline.  In the first quarter of 2010 U.S. liquid fuels consumption increased to nearly 19 million barrels per day.   
• From January to March 2010 the WTI crude oil price averaged over $78 per barrel.