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Published:September 25th, 2007 12:28 EST
Exxon Mobil Awards $1 Million to Society of Exploration Geophysicists

Exxon Mobil Awards $1 Million to Society of Exploration Geophysicists

By SOP newswire

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) announced today it will award $1 million to the Society of Exploration Geophysicists Foundation in support of the organization's mission to prepare students from around the world for careers in geophysics. The company announced the pledge at the SEG Seventy-Seventh Annual Meeting in San Antonio on September 24.

"ExxonMobil congratulates the Society of Exploration Geophysicists for its vision in providing valuable programs that encourage student participation in geophysics around the world," said Carlos Dengo, technical vice president, ExxonMobil Exploration Company. "These efforts are enormously important to our industry, where we foresee continued strong global demand for earth scientists."

The National Academies 2005 blue ribbon panel report "Rising Above the Gathering Storm" concluded that improving American students' performance in math and science is the most effective way to increase the United States' global competitiveness. The ExxonMobil grant will be used to establish an SEG/ExxonMobil Student Education Program that provides short courses for students. The courses will provide opportunities for students to apply their classroom knowledge while integrating geology, geophysics and engineering in a business environment.

The program will consist of multiple annual education events around the world. Each year one event will be organized in conjunction with the SEG Annual Meeting and one will be held in Europe. The third event will be organized in the Middle East, North Africa or Russia, alternating between the locations. Each education event will be two days in length and designed for participation by 25 to 30 students. ExxonMobil will also provide in-kind donations for the program that include instructors and student materials.

SEG President Leon Thomsen said, "SEG has for seventy-seven years stood for professional excellence in the practice of applied geophysics in the search for natural resources. Increasingly this excellence requires that geophysicists closely integrate with related disciplines, particularly geology and reservoir engineering. The new SEG/ExxonMobil Education Program will help introduce students from around the world to the need for subsurface integration and to the exciting challenges of careers in applied geophysics today. On behalf of the SEG Foundation and the SEG, I thank ExxonMobil for making this opportunity possible for many of SEG's 7,000+ student members."

ExxonMobil is committed to supporting programs and organizations, such as SEG, that focus on the improvement of math and science education from pre-school through higher educational levels. The company recently announced its support for the National Math and Science Initiative (NMSI), a major non-profit designed to help America maintain its global leadership position in technological innovation. ExxonMobil is making a concentrated effort to help build a diverse future workforce that is equipped with the necessary skills to meet the needs and expectations of a growing population.

About SEG

The Society of Exploration Geophysicists is a not-for-profit organization that promotes the science of geophysics and the education of geophysicists. SEG, founded in 1930, fosters the expert and ethical practice of geophysics in the exploration and development of natural resources, in characterizing the near surface, and in mitigating earth hazards. The Society, which has more than 27,000 members in 130 countries, fulfills its mission through its publications, conferences, forums, Web sites, and educational opportunities. The SEG Foundation is a 501(c)(3) charitable not-for-profit organization that supports the educational mission of the SEG. For more information, visit www.seg.org.

About Exxon Mobil Corporation

Exxon Mobil Corporation is a leading international energy company whose subsidiaries have operations in approximately 150 countries and territories. In the United States, ExxonMobil has significant exploration and production, refining and marketing and chemicals operations. ExxonMobil is one of the largest oil and gas producers and reserve holders in the United States, with a portfolio including Alaska, onshore Gulf Coast and deepwater Gulf of Mexico. In addition, there are approximately 16,000 Exxon and Mobil branded service stations in the U.S., as well as seven refineries, four of which are integrated petrochemical facilities. For more information about ExxonMobil, please visit the company’s website at www.exxonmobil.com.

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