ExxonMobil recognized Tenaris with its 2024 Supplier of the Year award, highlighting the company's performance, competitiveness, and high standards, all of which align with the values and expectations of the multinational oil and gas company.

"Throughout the past year, Tenaris consistently demonstrated superior performance globally to ExxonMobil, including in Guyana and the Permian Basin, and effectively met our business needs with high standards," said Rebecca Vest, Vice President of Procurement at ExxonMobil, in the letter sent to Tenaris regarding the award. "Your company has continued to demonstrate a strong commitment to delivering valuable results to all of ExxonMobil."

"Our goal is to be the preferred supplier, and this distinction reaffirms our commitment to serving not just with products and services, but in the precise execution of all the intermediate steps to build strong and reliable business relationships," stated Paolo Rocca, President and CEO of Tenaris. "I congratulate our team's dedication in developing solutions and services that add value and meet the shared goals of high standards in safety, quality, reliability, and overall performance."

Tenaris has been a long-time supplier to ExxonMobil, currently supporting its upstream operations in the U.S. with OCTG solutions and services, including the Rig Direct® model, from manufacturing to wellsite. Tenaris also supports ExxonMobil in drilling projects worldwide, both onshore and offshore, as well as in deepwater exploration.

For the award, ExxonMobil considers various attributes such as competitiveness, service quality, delivery performance, sustainability, and performance in safety, health, and environmental matters.