ExxonMobil is the largest publicly traded international oil and gas company – ranking at number five in the 2013 Forbes Global 2000 list.
It was created in 1999 following the merger of two major oil companies: Exxon and Mobil – both descendants of the John D. Rockefeller corporation “Standard Oil”.
It was one of the largest mergers in US corporate history and the company is now one of the biggest oil companies in the world (one of the “supermajors”) with the familiar brand names: Exxon, Esso and Mobil.
According to ExxonMobil, their products “drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks.”
Over the last ten years ExxonMobil has been a pioneer in oil industry technology breakthroughs. The company is now able to extract from oil and gas deposits at water depths below 5,000 feet.
Thanks to its deepwater technology advances, ExxonMobil claims there has been an “addition of an average of 3.1 billion oil-equivalent barrels to the resource base per year over the past five years.”
In 2001 ExxonMobil Research & Engineering Company (EMRE) developed the “SCANfining process”, which removes over 95 percent of the sulfur from gasoline while minimizing octane loss.
In 2007 a subsidiary of ExxonMobil, Exxon Neftegas Limited, finished drilling the Z-11 well – the longest measured depth extended-reach drilling (ERD) well in the world.
In 2011 the company announced record oil and gas discoveries in the deep-water Gulf of Mexico.
ExxonMobil – Business Focus
ExxonMobil is active in all aspects of the oil industry (refining, exploration, and distribution). The company has four primary business divisions.
Upstream – this business division focuses on the exploration and extraction of all resource types – in all geographical environments.
Downstream – the downstream division of ExxonMobil focuses on refining resources. ExxonMobil claims that they are currently the largest global refiner.
Chemical – the chemical division of ExxonMobil produces a wide range of products. including: packaging materials, solvents, synthetic rubber, solvents and other consumer goods.
Natural Gas and Power Marketing – the natural gas and power division of ExxonMobil.
ExxonMobil – Company Overview
- CEO and Chairman: Rex W. Tillerson
- Company headquarters: Irving, Texas, United States
- Employees: 80,000 (approximately)
- Type: Public
- Traded as: NYSE: XOM
- S&P 500 Component
- Company subsidiaries include: Esso, Mobil, Exxon, Aera Energy, XTO Energy Exxon Neftegas, Imperial Oil, Mobil Producing Nigeria,SeaRiver Maritime, Vacuum Oil Co., Superior Oil Co.
ExxonMobil – Financial Results 2013
Earnings / Earnings Per Share
Total revenues and other income: $438.255 billion USD
Total costs and other deductions: $380.544 billion USD
Income before income taxes: $57.711 billion USD
Income taxes: $24.263 billion USD
Net income including non-controlling interests: $33.448 billion USD
Net income attributable to non-controlling interests: $868 million USD
Net income attributable to ExxonMobil (U.S. GAAP): $32.580 billion USD
Earnings per common share: $7.37 USD
Earnings per common share (diluted): $7.37 USD
Cash flow from operations and asset sales
Net cash provided by operating activities (U.S. GAAP): $44.9 billion USD
Proceeds associated with asset sales: $2.7 billion USD
Cash flow from operations and asset sales: $47.6 billion USD
Net production of crude oil, natural gas liquids, bitumen, and synthetic oil:
United States: 431 thousands of barrels daily (kbd)
Canada/South America: 280 kbd
Europe: 190 kbd
Africa: 469 kbd
Asia: 784 kbd
Australia/Oceania: 48 kbd
Worldwide: 2,202 kbd
Natural gas production available for sale
United States: 3,545 millions of cubic feet daily (mcfd)
Canada/South America: 354 mcfd
Europe: 3,251 mcfd
Africa: 6 mcfd
Asia: 4,329 mcfd
Australia/Oceania: 351 mcfd
Worldwide: 11,836 mcfd
Production/sales information
Refinery throughput worldwide: 4,585 kbd
Petroleum product sales worldwide: 5,887 kbd
Chemical prime product sales: 24,063 thousands of metric tons (kt)
View the full ExxonMobil 2013 financial results.
News on ExxonMobil reported by Market Business News:
May 1, 2014: First quarter results beat market expectations.