ExxonMobil

What ExxonMobil does

ExxonMobil is one of the world's largest integrated energy companies, operating across the full hydrocarbon value chain and tracing its lineage to Standard Oil (founded 1870). The company was formed in its current shape via the 1999 merger of Exxon and Mobil and is publicly traded on the NYSE under XOM, with a market capitalization of ~$574 billion as of mid-2026 and approximately 58,000 regular employees globally. It operates in 54 countries and is currently redomiciling from New Jersey to Texas, with ExxonMobil Holdings Corporation becoming the new publicly traded parent effective July 1, 2026. The business is organized into three core divisions: Upstream (exploration and production across Permian Basin, Guyana, LNG, Sakhalin-1, Qatar, and Greece), Product Solutions (downstream refining, marketing, and chemicals under Exxon, Mobil, Esso, and Proxxima brands), and Low Carbon Solutions (carbon capture and storage, hydrogen, biofuels, lithium extraction, and advanced recycling). Major recent capital deployments include the $60 billion Pioneer Natural Resources acquisition (May 2024, doubling Permian acreage) and the $4.9 billion Denbury acquisition (November 2023, building the CCS backbone).

The revenue model is commodity-driven, combining direct B2B sales of crude oil, natural gas, LNG, and chemical feedstocks to industrial customers, utilities, governments, and national oil companies with retail fuel and lubricant sales through a globally branded service station network. Pricing is benchmark-driven rather than tier-disclosed, with retail pump prices set by local market conditions and B2B contracts negotiated against public commodity indexes. Customer segments are intentionally diversified across industrial/corporate buyers, retail motorists (via ExxonMobil Rewards+ loyalty program), governments and national oil companies (regulatory and production-sharing relationships), and chemical converters (supported by the premium Signature Exxpert engineering service). The company has maintained 42+ consecutive years of dividend increases and reported TTM operating cash flow of ~$47.7 billion and free cash flow of ~$18.8 billion, supporting $28-33 billion in planned annual capex through 2030.

Strategically, ExxonMobil is pursuing volume-led growth in low-cost-of-supply resources (Guyana ramp to 1.7 million bpd by 2030; Permian integration synergies exceeding $3 billion annually), while building optionality in low-carbon businesses (targeting $3 billion in earnings from new ventures by 2030) and exploring additional M&A (reported Woodside Energy discussions). Technology differentiation centers on scale and integration rather than software: Proxxima thermoset resins, advanced recycling, direct lithium extraction, CCS infrastructure (anchored by Denbury's pipeline network), and emerging hydrogen production. The company's competitive position rests on cost-advantaged resource access, integrated refining/chemicals flexibility, and a global distribution footprint that smaller integrated peers and pure-play upstream competitors cannot easily replicate.

Name

ExxonMobil

Legal name

Exxon Mobil Corporation

Website

https://corporate.exxonmobil.com

Company type

Public

Founded year

1870

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ExxonMobil is one of the world's largest integrated energy companies, operating upstream oil and gas, downstream refining, chemicals, and emerging low-carbon solutions across 54 countries under the Exxon, Mobil, and Esso brands, serving industrial customers, governments, and retail motorists globally.

Ownership category

akta.pro rank

Product category

Integrated Oil and Gas

NAICS

Petroleum Refineries (32411), Crude Petroleum Extraction (21112), Petrochemical Manufacturing (32511), Petroleum Lubricating Oil and Grease Manufacturing (324191)

SIC

Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311), Industrial Organic Chemicals (2860)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD), Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ), E‑Fuels & Synthetic Hydrocarbons (e‑kerosene, e‑diesel, e‑gasoline, e‑methane) (EUABAIAA)

Keywords

• Oil and gas exploration
• Petroleum refining
• Petrochemical manufacturing
• Carbon capture solutions
• Lubricants production

Headquarters

HQ city

Irving

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Upstream (Oil and Gas Exploration & Production): Exploration, development, and production of crude oil and natural gas. Major assets include Permian Basin (after Pioneer acquisition), Guyana Stabroek block, LNG operations. Revenue is commodity-price sensitive with contracted and spot sales.
2. Downstream (Refining and Marketing): Refining crude oil into petroleum products, marketing fuels through retail stations (Exxon, Mobil, Esso brands), and lubricants. Integrated with upstream for optimized operations.
3. Chemicals: Manufacturing and marketing of chemical products including plastics, petrochemicals, synthetic graphite. Sells to industrial customers globally.
4. Low Carbon Solutions: Emerging business providing carbon capture and storage, hydrogen, and biofuel solutions to industrial customers. Positioned for growth in lower-emission future.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

ExxonMobil is an integrated energy company that explores and produces crude oil and natural gas (Upstream), refines crude into petroleum fuels and lubricants and manufactures petrochemicals (Product Solutions), and develops lower-carbon offerings including carbon capture and storage, hydrogen, biofuels, advanced recycling, lithium extraction, and advanced synthetic graphite (Low Carbon Solutions). It sells fuels through a global network of Exxon, Mobil, and Esso retail stations and supplies industrial customers with feedstocks, chemicals, and LNG.

Product overview

ExxonMobil is one of the largest integrated fuels, lubricants and chemical companies in the world, organized into three primary business divisions: Upstream (oil and natural gas exploration and production), Product Solutions (integrating downstream refining and chemical operations for fuels and innovative products), and Low Carbon Solutions (carbon capture and storage, hydrogen, and biofuels). The company operates global consumer-facing brands including Exxon, Mobil (with Mobil 1 as a flagship lubricant), and Esso. The product portfolio includes traditional petroleum products (fuels, lubricants, petrochemicals), advanced recycling technologies for plastic waste, lower-emission fuels, and emerging clean energy solutions including lithium extraction, hydrogen production, and carbon capture and storage. Premium technical services like Signature Exxpert provide polymer customers with engineering support.

Differentiator

Problem solved

Functional benefit

Brands

• Exxon: Primary brand for fuels and retail operations
• Mobil
• Esso
• Signature Exxpert
• Mobil EV
• Synergy

Products and services

• Upstream Crude Oil and Natural Gas Exploration, development, and production of crude oil and natural gas from assets including the Permian Basin, Guyana Stabroek block, Sakhalin-1, and LNG operations, sold to industrial buyers, refiners, and utilities globally.
• Refined Petroleum Products and Fuels Refined fuels including gasoline, diesel, jet fuel, marine fuels, and Synergy branded fuels sold to commercial customers and through the Exxon, Mobil, and Esso retail network to motorists.
• Mobil 1 Synthetic Motor Oil and Lubricants Premium synthetic motor oils and industrial lubricants including the Mobil 1 brand, sold to automotive, industrial, and commercial customers worldwide.
• Petrochemicals and Polymers Manufacture and sale of petrochemical products, plastics, synthetic graphite, and polymer resins sold to industrial converters and manufacturers globally.
• Carbon Capture and Storage (CCS) Technology and services to capture CO2 emissions from industrial sources and store them geologically, offered to industrial customers as part of the Low Carbon Solutions business.
• Hydrogen Production Low-carbon hydrogen production solutions sold to industrial customers as part of lower-emission energy transition offerings.
• Lithium Extraction Direct lithium extraction technology from brine reservoirs for battery production supporting electric vehicle and energy storage markets.
• Advanced Recycling Chemical recycling technology that converts plastic waste back into raw materials for new plastic production, including operational units in Baytown, Texas.
• Advanced Synthetic Graphite Advanced material used in battery anodes and other high-performance applications supporting electrification and energy storage.
• Proxxima Thermoset Resin Systems Proprietary thermoset resin systems for composite materials and industrial applications, marketed as a sustainable materials solution.
• Signature Exxpert Premium Support Service Premium technical support service operated by the Signature Polymers unit that connects polymer customers with ExxonMobil's most experienced engineers for onsite technical assistance, formulation, processing support, and troubleshooting.
• Lower Emission Fuels Fuels with reduced lifecycle carbon intensity for transportation, including biofuels and other lower-emission alternatives sold to commercial and retail customers.
• Mobil EV Fluids and EV Charging Electric vehicle fluids and EV charging solutions for emerging vehicle technologies and electric mobility.
• LNG and Natural Gas Global LNG and natural gas sales including the Golden Pass LNG export terminal, supplied to utilities, industrial customers, and trading counterparties worldwide.

Quantifiable outcome

• $20+ billion earnings growth potential and $30+ billion cash flow growth by 2030 vs 2024 on constant price basis
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• HELLENiQ ENERGYcoreStrategic or Co-development Partner · 26 June 2026Collaboration on hydrocarbon exploration in Greece. HELLENiQ ENERGY working with ExxonMobil (60%) and Energean (30%) on Block 2 in the northwestern Ionian Sea, with first exploratory drilling scheduled for February 2027. Also collaborating on areas south of Crete and the Peloponnese.
• ChevroncoreStrategic or Co-development Partner · 26 June 2026Collaboration with Chevron to manage exploration risks in areas south of Crete and the Peloponnese in Greece. Chevron holds 70% stake in Block 10 in Kyparissiakos Gulf.
• Guyana Environmental Protection AgencycoreOthers · 24 June 2026Application for environmental authorization to conduct a 35-well exploration campaign in the Stabroek block (2028-2033), with cumulative impact assessment required.
• Petrobras, TotalEnergies (Opponents)minorOthers · 23 June 2026Major oil companies including ExxonMobil, Petrobras, and TotalEnergies opposed the Subsea7-Saipem merger over concerns about market concentration. Merger was approved without restrictions by Brazil's Cade regulator.
• Imperial Oil LimitedcoreStrategic or Co-development Partner · 23 June 202669.6% owned Canadian subsidiary. Imperial Oil is repurchasing up to 5% of shares (24.2 million) under normal course issuer bid starting June 29, 2026, with ExxonMobil participating to maintain its stake.
• QatarEnergycoreStrategic or Co-development Partner · 23 June 2026ExxonMobil holds 7% stake in Barzan gas supply facility at Ras Laffan Industrial City, Qatar. Facility processes nearly 1.4 billion scf/day of sales gas for local power generation and water desalination.
• Western Midstream PartnersminorStrategic or Co-development Partner · 19 June 2026Joint Industry Project 2 (JIP 2) in Permian Basin - partnership with Chevron, ConocoPhillips, Devon, and ExxonMobil for produced-water treatment facility processing 2,000 bpd into 1,000 bpd reclaimed freshwater.
• Chevron, ConocoPhillips, Devon EnergyminorStrategic or Co-development Partner · 19 June 2026Multi-partner collaboration on produced-water treatment pilot in Permian Basin for beneficial reuse demonstration and commercial-scale desalination facility development.
• Rosneft, SODECO, ONGC Videsh (Sakhalin-1)coreStrategic or Co-development Partner · 19 June 2026Sakhalin-1 consortium with Rosneft (20%), ExxonMobil (30%), SODECO (30%), and India's ONGC Videsh (20%). Project covers Chayvo, Odoptu, and Arkutun-Dagi fields in Okhotsk Sea, producing approximately 140,000-150,000 bpd.
• Shell, TotalEnergies, OMV PetromminorStrategic or Co-development Partner · 19 June 2026Wood Mackenzie study commissioned by ExxonMobil, Shell, TotalEnergies, and OMV Petrom analyzing EU carbon capture and storage targets. Finding: EU will miss 2030 CCS target by 35%.
• Zululand Energy Terminal (ZET)coreStrategic or Co-development Partner · 18 June 2026Heads of agreement signed June 18 to develop South Africa's first LNG import terminal at Port Richards Bay. Terminal will supply natural gas to South Africa's electricity and industrial sectors, with 25-year operational term.
• Vopak Terminal Durban and Transnet PipelinescoreTechnology or Integration · 18 June 2026Consortium partners managing the Zululand Energy Terminal at Port Richards Bay, South Africa. Terminal designed to strengthen long-term energy security and industrial competitiveness.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Chevron Corporation: Integrated oil and gas major with directly overlapping upstream (Permian Basin, deepwater), downstream refining/marketing, and chemicals businesses. Closest head-to-head competitor with similar global scope, similar U.S. shale exposure, and co-listed in the DOJ pricing investigation.
• Shell plc: Global integrated energy major with comparable upstream, downstream, and integrated gas/LNG operations. Direct peer in retail fuel brands (Shell V-Power), LNG trading, and energy transition investments including hydrogen and CCS.
• BP plc: Integrated oil and gas major with upstream, downstream (including retail fuels and convenience stores), and growing low-carbon businesses. Direct competitor in U.S. downstream and comparable strategy of integrating traditional energy with renewables and CCS.
• TotalEnergies SE: French integrated oil and gas major with similar portfolio: upstream (including deepwater), refining/petrochemicals, LNG, and renewables. Direct competitor in European refining and gas markets, and joint partner in the Wood Mackenzie CCS study.
• ConocoPhillips: Independent E&P company with significant Permian Basin overlap following Pioneer's exit. Direct competitor for U.S. unconventional resources and partner in ExxonMobil's Permian produced-water treatment JIP 2 pilot facility.
• Occidental Petroleum: U.S. oil and gas major with significant Permian Basin and international upstream operations, plus chemicals (OxyChem) and emerging low-carbon ventures (Stratos direct air capture, 1PointFive). Direct competitor for Permian resources and partner in CCS initiatives.
• Marathon Petroleum: Largest U.S. refining company with downstream focus on fuel manufacturing, marketing, and midstream transportation. Direct competitor in refining capacity and wholesale fuel distribution to branded retail customers across the United States.
• Phillips 66: Integrated downstream and midstream energy company with refining, marketing (76, Conoco, Phillips 66 brands), and chemicals. Direct peer in U.S. refining economics and branded fuel distribution across retail and wholesale channels.
• Eni S.p.A. Italian integrated energy major with upstream, downstream (including retail), and natural gas businesses plus growing renewables. Comparable international peer with similar energy transition positioning in Mediterranean and African markets.

Broad incumbents

• Saudi Aramco: World's largest integrated oil company and Saudi Arabian national oil company. Comparable across upstream, downstream, and chemicals but operates at vastly greater scale and with different capital allocation framework as a state-controlled entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/exxonmobil
• LinkedInlinkedin.com/company/exxonmobil
• Xx.com/exxonmobil
• Facebookfacebook.com/exxonmobil

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ExxonMobil