* As Stephen Simon of ExxonMobil humbly pointed out, his hated behemoth -- America's largest oil and gas corporation -- accounts for only 3 percent of global oil production and 6 percent of global refining capacity. It has only 1 percent of global petroleum reserves - 14th in the world.

Additionally illustrative would be to take out that first "only", while keeping and emphasizing the second.
The fact that they are able to produce and refine so much compared to their percentage share of reserves, is demonstrative of the benefits of privatization (competition, efficiency, and productivity to name a few). Even such as they are limited by Congress and ideologies,...

* As Stephen Simon of ExxonMobil humbly pointed out, his hated behemoth -- America's largest oil and gas corporation -- accounts for only 3 percent of global oil production and 6 percent of global refining capacity. It has only 1 percent of global petroleum reserves - 14th in the world.

Additionally illustrative would be to take out that first "only", while keeping and emphasizing the second.
The fact that they are able to produce and refine so much compared to their percentage share of reserves, is demonstrative of the benefits of privatization (competition, efficiency, and productivity to name a few). Even such as they are limited by Congress and ideologies, they outperform incompetent, mismanaged, and/or corrupt state-owned oil companies.