Exxon Mobil Corp.

Company Overview

The company is a leading energy provider and chemical producer with a strong global presence. The primary business area of the company entails exploration, production, transportation, and sales of natural and crude oil, petrochemicals, petroleum products, and specialty products. The company has multiple affiliates and divisions, with several under the names Esso, Mobil, XTO, ExxonMobil, and Exxon. The company's key business segments include chemical products, upstream, specialty products, and energy products.

The company is also expanding its footprint in low-carbon solutions such as carbon capture and storage, hydrogen production, mobile lithium, and advanced biofuels. The company has the capability to transport and store over 14 million tons of CO2 per year with its established network in the U.S. The company operates with its over 1,500 miles of operational CO2 pipeline network in the U.S. Gulf Coast. As of 2023, the company has cumulatively captured over 120 million tons of CO2.

The company works on alternative low-carbon fuels for the shipping industry, including methanol, biofuels, hydrogen, and ammonia. The company also plans to capitalize on its hydrogen and carbon capture value chain process to produce marine fuel. The company says that marine and aviation fuels can be produced via technology BioEnergy with CCS (BECCS). That is, by using the gasification process that combines the making of biofuels with carbon capture and sequestration technology.

Financial Highlights (FY 2024)

Company's Business Segments

• Upstream : Upstream business including Capturing material, accretive opportunities to continually High-grade the resource Portfolio, Selectively developing attractive Oil and natural gas resources, Developing and applying high-impact technologies, pursuing productivity and efficiency gains as well as a reduction in greenhouse gas emissions.
• Energy Products : Fuels, Aromatics value chains, Catalysts, Licensing.
• Chemical Products : The combination of industry-leading scale, Integration, Proprietary technology is fundamental to producing affordable products that are more sustainable, use less material, save Energy, Reduce waste.
• Specialty Products : High-quality lubricants, Basestocks, Waxes, Synthetics, Elastomers, Resins.
• Corporate and Financing : Corporate activities include general administrative support Functions, Financing and Insurance activities. Low Carbon Solutions activities will be included in Corporate and Financing until the business is established with a material level of assets and customer contracts.