It's not necessarily the oil standard, but Exxon Mobil is one of the world's largest integrated oil companies (with Royal Dutch Shell and BP). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing. In 2014 it had proved reserves of 25.2 billion barrels of oil equivalent, including major holdings in oil sands through Imperial Oil. Exxon Mobil's 30 refineries in 17 countries have a throughput capacity of 5.2 million barrels per day and lubricant basestock manufacturing capacity of 131,000 barrels per day. It 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, Qatar, Russia, the UK, and the US.

In 2014 the US accounted for 38% of Exxon Mobil's total revenues.


Exxon Mobil is primarily engaged in oil and gas exploration and production, natural gas marketing, and refining operations in North America; natural gas exploration, production and distribution, and downstream operations in Europe; and exploration, production, liquefied natural gas (LNG) operations, refining operations, petrochemical manufacturing, and fuel sales in Asia. It also had several refining, petrochemical manufacturing, and marketing ventures.

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.

The company's downstream segment (refining and marketing) accounted for 81% of its total revenues in 2014.

Sales and Marketing

Exxon Mobil’s fuels and lubes marketing businesses have significant global reach, with multiple channels to market serving a diverse customer base. It brands includes Exxon, Mobil, Esso, and Mobil 1.

Financial Performance

Exxon Mobil's net revenues have declined year-over-year over the past few years. The company’s revenues decreased by 6% in 2014 due to higher gas prices, partially offset by lower liquids prices and lower production volume. Oil production was down 4.9%, while natural gas production decreased by 691 millions of cubic feet per day. Chemicals segment revenues declined due to lower volumes.

Net income eked out a 0.2% gain in 2014.

Earnings from Upstream increased due to favorable volume effects. US Upstream operations reported higher net income while non-US Upstream operations reported a decline.

Downstream earnings decreased due to lower margins. Higher volume and mix effects increased were partially offset by lower expenses.

Chemical net income rose in the US and globally, thanks to higher commodity prices.

In 2014 cash provided by operating activities increased. The major source of funds was net income including noncontrolling interests of $33.6 billion, an increase of $0.2 billion. The noncash provision for depreciation and depletion was $17.3 billion, up $0.1 billion from the prior year. The adjustment for net gains on asset sales was $3.2 billion compared to an adjustment of $1.8 billion in 2013. Changes in operational working capital, excluding cash and debt, lowered cash in 2014 by $4.9 billion.


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).

On the cost management side, in 2015 the company agreed to sell its troubled Southern California refinery for $537 million. The refinery had been shut down since a February explosion that injured four contractors.

In 2014 Exxon Mobil began construction of a major expansion at Texas facilities, including a new world-scale ethane cracker and polyethylene lines, to capitalize on low-cost feedstock and energy supplies in North America and meet rapidly growing demand for premium polymers.

That year Exxon Mobil and working interest owners invested more than $2.6 billion in the development of Point Thomson as a key part in unlocking Alaska’s North Slope gas resources.

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 Exxon Mobil’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 Exxon Mobil’s technology footprint in China and the region and enables it to better support customers.

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

Company News and Press Releases

- Show Less + Show More News and Press Releases


5959 Las Colinas Blvd
Irving, TX 75039-4202
Phone: 1 (972) 444-1000


  • Employer Type: Public
  • President, ExxonMobil Development Company: Mark W Albers
  • Managing Director: Henrik Rendboll
  • Dir: C C Shae

Major Office Locations

  • Irving, TX

Other Locations

  • Lebec, CA
  • Riverside, CA
  • San Gabriel, CA
  • Groton, CT
  • Orlando, FL
  • Chicago, IL
  • Danvers, MA
  • Halifax, MA
  • Winthrop, MA
  • Baltimore, MD
  • Bridgeport, MI
  • Detroit, MI
  • Saint Clair Shores, MI
  • Saint Louis, MO
  • Pascagoula, MS
  • Henniker, NH
  • Northwood, NH
  • Pelham, NH
  • Portsmouth, NH
  • Egg Harbor Township, NJ
  • Farmingdale, NJ
  • Mahopac, NY
  • Schenectady, NY
  • Wurtsboro, NY
  • Bristol, VT
  • Fairfax, VT
- Show Less + Show More

Get Our Career Newsletter

Interview, resume and job search tips emailed directly to you.