It's not necessarily the oil standard, but Exxon Mobil is the world's largest integrated oil company (ahead of Royal Dutch Shell and BP). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. In 2013 it reported proved reserves of 25.2 billion barrels of oil equivalent, including its major holdings in oil sands through Imperial Oil. Exxon Mobil's 31 refineries in 17 countries have a throughput capacity of 5.3 million barrels per day. The company supplies refined products to more than 19,000 gas stations worldwide (including almost 10,000 in the US). Exxon Mobil is also a major petrochemical producer.

Geographic Reach

With assets in 100 countries the company has major operations in Abu Dhabi, Angola, Australia Canada, Equatorial Guinea, Malaysia, Nigeria, Norway, the UK, and the US.

In 2013 the US accounted for 36% of Exxon Mobil's total revenues.


In addition to it conventional exploration, production, and refining activities, Exxon Mobil holds 69.6% of Imperial Oil, which owns 25% of the Syncrude joint venture, which extracts crude bitumen from Alberta's oil sands and upgrades it to produce a synthetic crude oil.

Through ExxonMobil Chemical, the company also develops and sells petrochemicals (including ethylene, propylene, and their derivatives, which make up the base of most other petrochemicals and plastics). Another unit mines coal and other minerals. Exxon Mobil also has stakes in electric power plants in China.

Financial Performance

The company’s revenues decreased by 9% in 2013 due to higher gas prices, partially offset by lower liquids prices and lower production volume. Oil‑equivalent production was down 1.5 %, while natural gas production decreased by 486 millions of cubic feet per day. Chemicals segment revenues declined due to lower volumes.

After experiencing strong net income growth in 2012 due to lower operating costs, in 2013 Exxon Mobil's net income decreased by 27% to due to lower revenues from continuing operations. A gain associated with Japan restructuring and positive tax impacts were offset by unfavorable foreign exchange rates and higher operating costs.

In 2013 the company’s operating cash inflow declined to $44.91 billion (from $56.17 billion in 2012) primarily due to a decline in net income and a major change in current assets and liabilities.


Exxon Mobil's business model includes organic growth, complementary acquisitions, strategic partnerships, and joint ventures. In response to global rising energy demand the company in investing in developing energy-efficient and lower-emission fuels, technologies and practices to help significantly reduce energy consumption and emissions. In response to market demand for cleaner fuels, Exxon Mobil is investing more than $1 billion in three refineries (Baton Rouge, Louisiana; Baytown, Texas; and Antwerp, Belgium) to increase the supply of cleaner burning diesel by about 6 million gallons per day.

Exxon Mobil is also investing heavily in deepwater exploration (in water depths greater than 1,350 feet).

In 2013 Exxon Mobil started up the Singapore Chemical Expansion Project (the company's largest integrated petrochemical complex), more than doubling steam‑cracking capacity at the site and significantly increasing premium and specialty products capacity.  Singapore is now ExxonMobil’s largest integrated petrochemical complex.

That year Exxon Mobil opened its new Asia Pacific Signum Laboratory in Shanghai, the company’s first in the Asia/Pacific region to provide customers direct access to high quality oil analysis to help improve their equipment performance. The new Signum Laboratory at the Shanghai Technology Center extends ExxonMobil’s technology footprint in China and the Asia Pacific region and enables them to better support customers in the region.

In 2013 Rosneft and Exxon Mobil agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional 150 million acres of exploration acreage in the Russian Arctic and potential participation by Rosneft in the Point Thomson project in Alaska. They also agreed to conduct a joint study on a potential LNG project in the Russian Far East. (In 2011 Exxon Mobil agreed to spend $1 billion in a joint venture with Rosneft to jointly explore oil and gas fields in the Black Sea.). However, US economic sanctions on Russia in 2014 forced the company to suspend its operations in the Arctic with Rosneft.

Mergers and Acquisitions

In 2013 Exxon Mobil acquired Canada's Celtic Exploration for about about $2.5 billion, Exxon Mobil's largest transaction since it bought Texas' XTO Energy for a whopping $41 billion in 2010. The Celtic deal gives Exxon 545,000 net acres in the liquids-rich Montney shale, 104,000 net acres in the Duvernay shale, and other acreage in Alberta.

- Show Less + Show Full Description


3000 Pegasus Park Dr
Dallas, TX 75247-6204
Phone: 1 (972) 444-1000


  • Employer Type: Public
  • Hr Director & Vp: Eleanor Goodwin
  • Pres: P J Hoenmans
  • Pres: Mike Yeager

Major Office Locations

  • Dallas, TX

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers