ExxonMobil Honored for Commitment to Education and Corporate Social Responsibility
-- Institute of International Education presents ExxonMobil with Opening Minds Corporate Leadership Award -- Award recognizes initiatives to support education and improved career opportunities for minorities and women -- ExxonMobil and the Institute of International Education offer scholarships to international student leaders
IRVING, Texas--(BUSINESS WIRE)-- The Institute of International Education, a major provider of scholarship and education initiatives throughout the world, has named Exxon Mobil Corporation (NYSE:XOM) as the winner of its 2009 Opening Minds Corporate Leadership Award. The award recognizes ExxonMobil's outstanding global philanthropy, including initiatives that improve the teaching and learning of engineering, technology, math and science, and the company's support for organizations that seek to improve career opportunities for minorities and women.
"Through its programs, initiatives and partnerships, ExxonMobil demonstrates a long-standing commitment to promoting academic excellence," said Allan E. Goodman, president and chief executive officer of the institute. "ExxonMobil is committed to developing future leaders who will tackle pressing international issues and strengthen their communities around the world."
Rex W. Tillerson, chairman and chief executive officer of ExxonMobil, accepted the award Wednesday at the 90th Anniversary International Awards Gala in New York.
"ExxonMobil is proud of its partnership with the Institute of International Education, and we are honored to receive this award," said Tillerson.
"Together, we are helping build a brighter future by improving education, expanding knowledge, developing leaders, and driving progress in many countries around the world. We consider this award as recognition of the great work we are accomplishing together and of the achievements still to come."
ExxonMobil and the institute developed a partnership in 2006 to administer several programs which build stronger communities through education and leadership training. They include the ExxonMobil Middle East and North Africa Scholars Program, the ExxonMobil Indonesia Geosciences Program, the ExxonMobil Libyan Limited Scholarship Program and the newly launched ExxonMobil Russian Scholars Program. These scholarships provide select student leaders from these countries and regions with the opportunity to pursue Master's degrees at U.S. universities in fields such as geoscience, engineering and business.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to find better, safer and cleaner ways to provide energy to support development and improved living standards around the world. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world.
Exxon Mobil Corporation and the ExxonMobil Foundation engage in a range of philanthropic activities that advance education, health and science in the communities where ExxonMobil has significant operations. In the United States, ExxonMobil supports initiatives to improve math and science education at the K-12 and higher education levels. Globally, ExxonMobil provides funding to improve basic education and combat malaria and other infectious diseases in developing countries.
In 2008, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and ExxonMobil Foundation provided $225 million in contributions worldwide, of which more than $89 million was dedicated to education. Additional information on ExxonMobil's community partnerships and contributions programs is available at www.exxonmobil.com/community.
About the Institute of International Education
Founded in 1919, the Institute of International Education (IIE) is one of the world's most experienced higher education and exchange organizations. The heart of IIE's mission is to foster mutual understanding, develop global leaders and foster academic freedom through international education and exchange. Currently, the IIE implements more than 200 programs each year, including the Fulbright Program on behalf of the U.S. Department of State. Programs involve approximately 20,000 individuals in more than 175 countries.
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Source: Exxon Mobil Corporation
Released September 24, 2009