XTO Energy

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.

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

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

• Upstream oil and gas production
• Unconventional natural gas extraction
• Shale exploration and production
• Crude oil and natural gas sales
• Royalty trust management

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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.

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Empire Petroleum / Empire New MexicominorOthers · 7 April 2026XTO 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 CorporationminorOthersChord 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

Direct 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

• Xx.com/xtoenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about XTO Energy