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Exxon Mobil Corporation Market Research Report



Company Overview



Name


Exxon Mobil Corporation (XOM)

Mission


The need for energy is universal. That's why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. We are committed to responsibly meeting the world's energy needs.

Founded


ExxonMobil was founded in 1999.

Founders


No information is available.

Key People


  • Darren W. Woods, Chairman and Chief Executive Officer

  • Neil Chapman, Senior Vice President

  • Jack P. Williams, Senior Vice President


Headquarters


22777 Springwoods Village Parkway, Spring, TX 77389, United States

Number of Employees


No information is available.

Revenue


No information is available.

Known For


ExxonMobil is one of the largest publicly traded international oil and gas companies. The company is known for its industry-leading portfolio of resources and is one of the largest integrated fuels, lubricants, and chemical companies in the world.

Products



Overview


ExxonMobil offers a range of products across three primary business segments:
1. Upstream
2. Product Solutions
3. Low Carbon Solutions

Detailed Description



Upstream


  • Description: ExxonMobil’s Upstream segment is involved in oil and natural gas exploration and production.

  • Key Features:

  • Diverse growth portfolio in locations such as Guyana, Brazil, and the Permian Basin.

  • LNG expansion opportunities in Qatar, Mozambique, Papua New Guinea, and the U.S.


Product Solutions


  • Description: This segment integrates downstream and chemical operations to form the world’s largest downstream and chemical company.

  • Key Features:

  • Energy Products: Refining and fuels.

  • Chemical Products: Petrochemicals and advanced recycling.

  • Specialty Products: High-quality lubricants and synthetics.


Low Carbon Solutions


  • Description: Focuses on reducing emissions and providing solutions to industrial and commercial customers.

  • Key Features:

  • Carbon capture and storage.

  • Hydrogen development.

  • Biofuels.


Recent Developments



New Products and Features


1. Renewable Diesel in Hong Kong:
  • ExxonMobil launched the first renewable diesel for public road use in Hong Kong.


Partnerships


1. ADNOC Partnership:
  • In September 2024, ADNOC acquired a 35% equity stake in ExxonMobil’s Baytown, Texas project. This facility will produce virtually carbon-free hydrogen and aims to convert U.S.-produced natural gas into hydrogen with ~98% of CO2 removed.


Achievements


1. Formula One Collaboration:
  • ExxonMobil partnered with Oracle Red Bull Racing and Honda to develop fuels and lubricants that led to a record-breaking 2023 Formula One season, with Oracle Red Bull Racing winning 21 of 22 races.


Financial Results


  • Q2 2024:

  • GAAP earnings: $9.2 billion

  • Cash flow from operating activities: $10.6 billion

  • Shareholder distributions: $9.5 billion, including $4.3 billion in dividends


Conclusion


This report provides a detailed overview of ExxonMobil's current status, product offerings, and recent developments. For further information, continue to follow ExxonMobil's updates and press releases.