Exxon Mobil Corporation (XOM)
Summary
XOM Chart
ExxonMobil, SOCAR Sign Deal to Explore Onshore Oil in Azerbaijan
XOM signs new deal with SOCAR to explore Azerbaijan's untapped onshore oil, eyeing unconventional reserves for growth.
ExxonMobil Consortium Reports $10.4B Profit From Guyana in 2024
XOM and partners raked in $10.4B from Guyana in 2024 as output rose and the basin tightened under their control.
Is ExxonMobil's Plan for $35 Oil Breakeven Going to be a Game Changer?
XOM aims to cut its oil breakeven to $35 by 2027 and $30 by 2030, boosting resilience even in low-price markets.
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Exxon Mobil Corporation Profile
| Oil & Gas Integrated Industry | Energy Sector | Mr. Darren W. Woods CEO | BVL Exchange | US30231G1022 ISIN |
| US Country | 61,000 Employees | 12 Feb 2025 Last Dividend | 19 Jul 2001 Last Split | 13 Jan 1978 IPO Date |
Overview
Exxon Mobil Corporation, founded in 1870 and headquartered in Spring, Texas, is a global leader in the exploration, production, and sale of crude oil and natural gas. Expanding its operations beyond traditional energy sources, the company is also exploring lower-emission business opportunities. Through its various segments such as Upstream, Energy Products, Chemical Products, and Specialty Products, Exxon Mobil caters to a diverse range of energy and chemical needs worldwide. The company’s commitment to sustainability is evident in its pursuit of carbon capture and storage, hydrogen, lower-emission fuels, and lithium technologies, positioning itself at the forefront of environmental innovation.
Products and Services
- Upstream: Focused on the exploration and production of crude oil and natural gas, this segment leverages advanced technology and innovation to meet the growing global energy demand.
- Energy Products: Offers a variety of fuels, aromatics, and catalysts alongside licensing services. Products under this segment are marketed under prominent brands such as Exxon, Esso, and Mobil, ensuring high-quality energy solutions for both commercial and individual use.
- Chemical Products: Specializes in the production and marketing of key petrochemicals, including olefins, polyolefins, and intermediates. This segment supports various industries, providing essential materials for products ranging from plastics to automotive components.
- Specialty Products: Comprises performance products like lubricants, basestocks, waxes, synthetics, elastomers, and resins. These products are integral to the operational efficiency of numerous industrial and consumer applications, demonstrating Exxon Mobil’s commitment to quality and innovation.
- Lower-Emission Business Opportunities: In its quest to achieve a sustainable energy future, Exxon Mobil is actively exploring and developing technologies in carbon capture and storage, hydrogen, lower-emission fuels, and lithium. These initiatives represent the company’s dedication to reducing the environmental impact of energy production and consumption.
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