# ExxonMobil **Source:** https://geo.sig.ai/brands/exxonmobil **Vertical:** Energy & Utilities **Subcategory:** Enterprise **Tier:** Leader **Website:** exxonmobil.com **Last Updated:** 2026-04-14 ## Summary Spring TX integrated oil and gas (NYSE: XOM) at $33.7B 2024 earnings, $339B revenue; Pioneer $60B acquisition doubles Permian to 1.3M BOE/day, $36B shareholder return, competing with Chevron and Shell. ## Company Overview ExxonMobil Corporation is a Spring, Texas-based integrated oil, gas, and energy company — publicly traded on the New York Stock Exchange (NYSE: XOM) as an S&P 500 Energy component and one of the world's largest publicly traded companies by market capitalization — exploring, producing, refining, and marketing oil, natural gas, and petroleum products while advancing low-carbon technologies through approximately 62,000 employees worldwide. In fiscal year 2024, ExxonMobil reported earnings of $33.7 billion ($7.84 per diluted share), revenue of $339.24 billion, operating cash flow of $55.0 billion, free cash flow of $34.4 billion, and returned $36.0 billion to shareholders through dividends and share repurchases. ExxonMobil completed the landmark acquisition of Pioneer Natural Resources in May 2024 for approximately $60 billion — the largest acquisition in the company's history since the 1998 Exxon-Mobil merger — making ExxonMobil the dominant operator in the Permian Basin (West Texas/New Mexico), the most productive oil basin in the US with the lowest breakeven production costs globally. The Pioneer acquisition added 1.3 million acres in the Midland Basin, doubling ExxonMobil's Permian production capacity to 1.3 million barrels of oil equivalent per day by 2027. CEO Darren Woods has led ExxonMobil since 2017 through the COVID oil price collapse, the industry recovery, and the Pioneer acquisition that repositioned ExxonMobil as the premier Permian Basin operator. ExxonMobil's integrated energy model creates competitive advantage through vertical integration from wellhead to consumer: upstream production (Permian Basin, Guyana deepwater, Papua New Guinea LNG) feeds refining and chemicals operations (25+ refineries globally, chemical plants integrated with refinery complexes) that convert crude oil and natural gas into gasoline, diesel, jet fuel, lubricants, and chemical feedstocks — sold through ExxonMobil's global retail network and industrial distribution channels. The integration captures margin at each stage of the hydrocarbon value chain and provides natural hedges: when crude oil prices rise, upstream earnings increase while downstream refining margins may compress, and when crude falls, downstream refining margins often expand as feedstock costs decline. The Permian Basin's low breakeven cost (ExxonMobil's Permian production breaks even below $35/barrel on a cash basis) provides sustained profitability across oil price cycles that higher-cost producers cannot match. In 2025, ExxonMobil competes in global integrated oil and gas against Chevron (NYSE: CVX, $200B revenue, Permian and international E&P), Shell (NYSE: SHEL, $261B revenue, LNG and refining), and TotalEnergies (NYSE: TTE, €218B revenue, European integrated major) for Permian Basin production market share, LNG contract capture, and Low Carbon Solutions investment in carbon capture and hydrogen. ExxonMobil's Low Carbon Solutions division (carbon capture and storage, hydrogen production, lithium extraction from produced water) represents the company's strategic hedge against energy transition — monetizing captured CO₂ from industrial emitters through underground geological storage, developing blue hydrogen from natural gas with carbon capture, and piloting direct lithium extraction from oilfield brine for EV battery supply chains. The $36 billion shareholder return in 2024 demonstrates the Permian Basin's cash generation capacity and ExxonMobil's capital discipline to return cash when commodity prices support it. The 2025 strategy focuses on Permian Basin production ramp from the Pioneer integration, Guyana deepwater production expansion (Stabroek Block, one of the largest offshore discoveries in decades), LNG capacity growth, and Low Carbon Solutions commercial scale-up. ## Frequently Asked Questions ### What does ExxonMobil do? ExxonMobil is the world's largest publicly traded international oil and gas company, operating across three main segments: Upstream (exploration and production of oil and natural gas), Product Solutions (refining and chemicals), and Low Carbon Solutions (carbon capture, hydrogen, and biofuels). The company operates 21 refineries globally, produces 4.6 million barrels per day, and markets products under the Exxon, Mobil, and Esso brands in more than 200 countries. ### Who are ExxonMobil's customers and target markets? ExxonMobil serves diverse customer segments including individual consumers purchasing gasoline and lubricants at retail stations, commercial transportation companies requiring diesel and jet fuel, industrial manufacturers using petrochemicals and feedstocks, utilities and power generators, and governments worldwide. The company's integrated model serves both consumer and business-to-business markets across automotive, aviation, marine, chemicals, and energy sectors. ### When was ExxonMobil founded? ExxonMobil Corporation was officially formed on November 30, 1999, through the merger of Exxon Corporation and Mobil Corporation in an $81 billion transaction. However, the company's heritage extends back to 1870 when John D. Rockefeller founded Standard Oil Company, which was later broken up in 1911 into separate companies including the predecessors to both Exxon and Mobil. ### Where is ExxonMobil headquartered? ExxonMobil's corporate headquarters is located in Irving, Texas, USA. The company operates globally with significant operations across North America, South America, Europe, Africa, Asia Pacific, and the Middle East, employing 61,000 people worldwide and conducting business in more than 200 countries and territories. ### What is ExxonMobil's financial performance? In 2024, ExxonMobil reported revenues of $339.24 billion and earnings of $33.7 billion ($7.84 per share). The company generated $55.0 billion in cash flow from operations and $34.4 billion in free cash flow. ExxonMobil maintains a market capitalization of approximately $491 billion (as of late 2024) and returned $36.0 billion to shareholders through dividends and share repurchases in 2024. ### What makes ExxonMobil different from competitors? ExxonMobil's competitive advantages include its highly integrated business model (80% of refining capacity integrated with chemicals, 90% of chemical capacity integrated with refineries), unparalleled global scale and operational excellence, proven track record of project execution demonstrated in Guyana, strong technology and research capabilities, financial strength enabling major acquisitions like Pioneer Natural Resources ($64.5B), and strategic positioning for the energy transition through its Low Carbon Solutions division with $30 billion in planned investments. ### Who are ExxonMobil's main competitors? ExxonMobil competes with other major integrated oil and gas companies including Chevron, Shell, BP, TotalEnergies, and ConocoPhillips in upstream and downstream operations. In chemicals, competitors include BASF, Dow Chemical, and SABIC. In the emerging low-carbon sector, the company faces competition from traditional energy companies transitioning to renewables as well as specialized hydrogen and carbon capture technology providers. ### How can I contact ExxonMobil? ExxonMobil can be contacted through its corporate website at www.exxonmobil.com, which provides specific contact information for investor relations, media inquiries, customer service, and career opportunities. The company's corporate headquarters is located in Irving, Texas. For investor relations, contact information is available at investor.exxonmobil.com, and for media inquiries, visit the company's newsroom at corporate.exxonmobil.com/news. ### Is ExxonMobil hiring? Yes, ExxonMobil actively recruits talent globally across engineering, technology, operations, business, and support functions. With 61,000 employees worldwide, the company offers competitive compensation including industry-leading pension and savings plans, comprehensive health benefits, stock purchase programs with over 30% professional employee participation, and extensive career development opportunities. Career information is available at careers.exxonmobil.com. ### What's the latest news about ExxonMobil? Recent major developments include the January 2025 announcement of full-year 2024 earnings of $33.7 billion, December 2024 leadership changes with Dan Ammann appointed president of Upstream and Barry Engle leading Low Carbon Solutions, December 2024 unveiling of the 2030 corporate plan targeting 5.4 million barrels per day production and $30 billion in low-carbon investments, and the 2024 Hammerhead project investment decision in Guyana anticipated to come online in 2029. ### What is ExxonMobil's market position? ExxonMobil is the world's largest investor-owned oil and gas company by revenue and market capitalization, with a market cap of approximately $491 billion (late 2024). The company ranks as the 19th most valuable company globally and maintains leadership positions in integrated oil and gas operations, petrochemicals, and lubricants. ExxonMobil's scale, integrated model, and financial strength position it uniquely to invest in both traditional energy and lower-carbon solutions. ### What are ExxonMobil's future plans and growth strategy? ExxonMobil's 2030 corporate plan focuses on three pillars: growing Upstream production to 5.4 million oil-equivalent barrels per day with over 60% from advantaged assets (particularly Permian Basin and Guyana), pursuing up to $30 billion in lower emissions investment opportunities through Low Carbon Solutions (hydrogen, carbon capture, biofuels), and continuing substantial shareholder returns with $20 billion annual share repurchases extended through 2026. The strategy balances meeting current energy demand with positioning for the energy transition. ## Tags b2b, energy, fortune500, global, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*