XTO Energy
XTO Energy is a U.S. upstream oil and gas exploration and production company and a wholly-owned subsidiary of ExxonMobil, operating unconventional assets across the Eagle Ford, Permian, Williston, Oklahoma, and New Mexico basins and selling produced crude oil and natural gas at market prices to refineries, processors, and end users.
- Company typePrivate
- Founded1986
- HeadquartersFort Worth, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What XTO Energy does
XTO Energy is a U.S. upstream oil and natural gas exploration and production company and a wholly-owned subsidiary of Exxon Mobil Corporation, headquartered in Fort Worth, Texas. Founded in 1986 and acquired by ExxonMobil in 2010 for approximately $41 billion, XTO operates unconventional production assets across multiple premier U.S. basins including the Eagle Ford (South Texas), Permian (West Texas), Williston/Bakken (North Dakota), and properties in Oklahoma and New Mexico. Eagle Ford assets alone span approximately 168,000 net acres with over 1,000 wells, supporting a workforce of 10,000+ employees.
The company's revenue model is commodity-driven: it generates income by selling produced crude oil and natural gas to refineries, processors, and industrial end users at prevailing market prices tied to benchmarks such as WTI crude and Henry Hub natural gas. XTO also collects net profits interests from working-interest properties, with distributions flowing through structures such as the Cross Timbers Royalty Trust to its unitholders. There are no consumer-facing pricing plans or SaaS-style revenue mechanics; realized prices and volumes are directly exposed to commodity cycles.
Strategically, XTO's footprint functions as the U.S. unconventional arm within ExxonMobil's broader Upstream, Low Carbon Solutions, and Chemicals portfolio, benefiting from the parent's capital strength, technical expertise, and global operating scale. The recent operating posture is portfolio-rationalization oriented rather than expansionary: ExxonMobil divested the Williston Basin assets to Chord Energy in late 2024 for approximately $550 million and, as of January 2026, has marketed the Eagle Ford package (valued at over $1 billion) via a virtual data room. The company is concurrently responding to a 2026 New Mexico District Court lawsuit alleging accounting fraud in a 2021 well sale with approximately $194 million in disputed cleanup obligations.
XTO Energy firmographics
Firmographics- Name
- XTO Energy
- Legal name
- XTO Energy
- Website
- https://xtoenergy.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- XTO Energy is a U.S. upstream oil and gas exploration and production company and a wholly-owned subsidiary of ExxonMobil, operating unconventional assets across the Eagle Ford, Permian, Williston, Oklahoma, and New Mexico basins and selling produced crude oil and natural gas at market prices to refineries, processors, and end users.
- Ownership category
- akta.pro rank
XTO Energy industry classification
Industry- Product category
- Upstream Oil and Gas Exploration and Production
- NAICS
- Natural Gas Extraction (21113), Crude Petroleum Extraction (211120)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)
Keywords
Where XTO Energy is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
XTO Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D
Revenue model
- Oil and Gas Production Revenue: XTO Energy generates revenue through the sale of produced oil and natural gas from its operated properties in Texas, Oklahoma, New Mexico, and other U.S. basins. The company also collects net profits interests from working interest properties, with distributions flowing to royalty trust unitholders.
XTO Energy product offering
Product offeringCore offering
XTO Energy is an upstream oil and gas exploration and production company that safely and responsibly extracts natural gas and crude oil from U.S. shale and other tight formations. As a wholly-owned subsidiary of ExxonMobil, it operates unconventional properties across major U.S. basins including the Eagle Ford (~168,000 net acres, 1,000+ wells), Permian, Williston, Oklahoma, and New Mexico. The company also manages net profits interest properties underlying the Cross Timbers Royalty Trust.
Product overview
XTO Energy is an oil and gas exploration and production company and subsidiary of ExxonMobil. The company operates properties in Texas, Oklahoma, and other regions, with operations in basins including the Permian Basin, Eagle Ford, and Williston Basin. The provided source data does not contain specific product pages, product documentation, or named product/module offerings for XTO Energy.
Differentiator
Problem solved
Functional benefit
Products and services
- Upstream Crude Oil and Natural Gas Production
- Cross Timbers Royalty Trust Net Profits Interests
Companies that use XTO Energy
Customer profileSegments2 records
Ideal customer profiles2 records
XTO Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
XTO Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Empire Petroleum / Empire New MexicominorXTO Energy (as an ExxonMobil subsidiary) and Empire Petroleum subsidiary Empire New Mexico are co-defendants in a lawsuit filed in New Mexico District Court (2026), where plaintiffs allege the companies engaged in massive accounting fraud in a 2021 oil well sale, undervaluing cleanup obligations by approximately $194 million. The litigation is adversarial in nature and represents a significant legal dispute rather than a commercial partnership.
- Chord Energy CorporationminorChord Energy Corporation (NASDAQ: CHRD) completed the acquisition of XTO's Williston Basin assets from ExxonMobil in late 2024 for approximately $550 million. The transaction added 48,000 net acres and 90 well locations to Chord Energy's portfolio, making it the primary consolidator in the Bakken region.
Scale indicators3 records
Recent moves4 records
Expansion highlights3 records
XTO Energy competitors and assessment
Company assessmentDirect peers
- Continental Resources: Continental Resources is a major U.S. shale operator known for the Bakken formation in North Dakota and Stack/Scoop plays in Oklahoma. Comparable to XTO given direct overlap in Williston Basin and Oklahoma assets, with similar unconventional production model.
- Diamondback Energy: Diamondback Energy is a pure-play Permian Basin operator focused on unconventional oil production in West Texas. Comparable to XTO's Permian operations and similar upstream shale business model, with overlapping customer base and commodity exposure.
- EQT Corporation: EQT Corporation is the largest U.S. natural gas producer, focused on the Marcellus and Utica shales in Appalachia. Comparable to XTO as a major domestic natural gas E&P operator with similar unconventional gas-focused business model and exposure to Henry Hub pricing.
- Devon Energy: Devon Energy is a major U.S. independent E&P company with significant operations in the Permian Basin, Eagle Ford, and other unconventional plays. Comparable to XTO as a multi-basin shale operator with similar upstream production focus, though structured as a public independent.
- Ovintiv: Ovintiv is a U.S. independent upstream producer with major operations in the Permian, Montney, and Anadarko basins. Comparable to XTO as a multi-basin unconventional E&P operator with overlapping basin exposure and similar production profile.
- EOG Resources: EOG Resources is a leading U.S. independent upstream oil and gas producer operating across the Permian Basin, Eagle Ford, and other major unconventional plays. Directly comparable to XTO given similar basin exposure and shale-focused business model, though operating as an independent rather than a subsidiary.
- Southwestern Energy: Southwestern Energy is a U.S. natural gas producer operating primarily in the Haynesville and Marcellus shales. Comparable to XTO as an unconventional natural gas-focused operator with similar upstream production model and exposure to domestic gas markets.
- Range Resources: Range Resources is a U.S. independent natural gas and NGL producer with primary operations in the Marcellus Shale. Comparable to XTO as an unconventional natural gas operator with similar upstream production and gas-weighted portfolio.
Emerging players
- Chord Energy: Chord Energy (NASDAQ: CHRD) acquired XTO's Williston Basin assets from ExxonMobil for approximately $550 million in late 2024. Comparable given direct transactional relationship and overlapping Bakken/Williston operations, now a key consolidator in the region.
Broad incumbents
- Pioneer Natural Resources: Pioneer Natural Resources was a leading U.S. independent Permian Basin operator before being acquired by ExxonMobil in 2024. Comparable to XTO as a major Permian producer now consolidated within ExxonMobil, representing related unconventional E&P operations under the same parent.
Market position
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
XTO Energy social profiles
Digital presenceXTO Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
XTO Energy leadership team
Management profileNumber of profiles
Profiles3 records
XTO Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XTO Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XTO Energy
What does XTO Energy do?
XTO Energy is an upstream oil and gas exploration and production company that safely and responsibly extracts natural gas and crude oil from U.S. shale and other tight formations. As a wholly-owned subsidiary of ExxonMobil, it operates unconventional properties across major U.S. basins including the Eagle Ford (~168,000 net acres, 1,000+ wells), Permian, Williston, Oklahoma, and New Mexico. The company also manages net profits interest properties underlying the Cross Timbers Royalty Trust.
Is XTO Energy a public or private company?
XTO Energy is a private company. It is classified as corporate owned and is currently operating.
When was XTO Energy founded?
XTO Energy was founded in 1986. It employs 5,001 to 10,000 people.
Where is XTO Energy based?
XTO Energy is headquartered in Fort Worth, United States, in the North America region.
How does XTO Energy make money?
One revenue line is on record: oil and Gas Production Revenue.
Who are XTO Energy's main competitors?
Direct peers on record are Continental Resources, Diamondback Energy, EQT Corporation, Devon Energy, Ovintiv, EOG Resources, Southwestern Energy and Range Resources. Chord Energy is listed as an emerging player. Pioneer Natural Resources is listed as a broad incumbent.
Does XTO Energy have an API?
No public API is recorded for XTO Energy.
What industry is XTO Energy in?
XTO Energy's product category is Upstream Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUAAAAAG, Onshore Natural Gas E&P (Conventional Fields). Its NAICS code is 21113 and its SIC code is 1311.