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 2012 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 32 refineries in 17 countries have a throughput capacity of 5.4 million barrels per day. The company supplies refined products to about 19,400 gas stations worldwide. 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 2012 the US accounted for 33% of Exxon Mobil's total revenues.


Through ExxonMobil Chemical, the company 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

Exxon Mobil's revenue dropped by 1% in 2012 as the result of lower liquids revenues, partly offset by improved natural gas results   Production volume and mix effects decreased earnings. Oil-equivalent production was down 5.9% on 2011. Chemicals segment revenues decreased due to lower volumes and earnings. A gain associated with Japan restructuring and favorable tax impacts were offset by unfavorable foreign exchange rates and higher operating expenses.

Overall, the company reported net income of $44.9 million in 2012, 9% up on 2011 thanks to lower operating expenses.

Except for a global recession-related revenue slump in 2009, Exxon Mobil saw an upward trend in revenues from 2008 to 2012.


Exxon Mobil's business model includes organic growth, complementary acquisitions, strategic partnerships, and joint ventures.

Growing its global portfolio, in 2013 the company opened the Asia Pacific Signum Laboratory at the Exxon Mobil Shanghai Technology Center, (the company’s first in the region) which provides customers direct access to quality oil analysis to help improve their equipment performance. That year Exxon Mobil's Singapore chemical plant began to produce ethylene from the facility’s second world-scale steam cracker (the first was completed in 2012).

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.)

In 2012 Saudi Basic Industries Corporation and Exxon Mobil agreed to build a world-scale specialty elastomers facility (to be completed in 2015) at the Al-Jubail Petrochemical Company manufacturing joint venture in Saudi Arabia.

To raise cash to pay down debt, in 2012 the company sold its North Sea assets to Apache for $1.25 billion.

Exxon Mobil is also investing heavily in deepwater exploration (in water depths greater than 1,350 feet). In 2011 the company reported a major oil find in the Gulf, with potentially 700 million barrels of recoverable oil equivalent.

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.

Mergers and Acquisitions

In February 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.

In 2011 Exxon Mobil acquired two Pittsburgh-area natural gas producers Phillips Resources and TWP for $1.7 billion, giving the company access to hundreds of thousands of leased acres of the Marcellus Shale in southwestern Pennsylvania.

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


  • Employer Type: Unknown
  • Manager: Marvin Bloomquist
  • Pres: Paul Hoenmans
  • Pres: Mike Yeager

Major Office Locations

  • Dallas, TX
  • Dallas, TX

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