- Business
- Exxon Mobil Corporation operates as a global integrated energy and petrochemical company engaged primarily in the exploration, production, and marketing of crude oil, natural gas, and petroleum products. Its core products and services include upstream operations such as oil and natural gas exploration and production; downstream operations encompassing petroleum refining, marketing of fuels and lubricants, and chemical manufacturing; and a growing portfolio in low carbon solutions including carbon capture and storage, hydrogen, and biofuels. ExxonMobil’s chemical division produces a broad array of petrochemical products including basic olefins and aromatics, polyethylene, polypropylene, synthetic rubber, solvents, and lubricant additives under brands such as Infineum, a joint venture with Shell plc. The company serves global markets with operations spanning North America, South America, Europe, Asia, Africa, and Australia. Founded in 1870 and headquartered in Irving, Texas, ExxonMobil maintains a significant presence in major oil-producing regions including the Permian Basin, Guyana, Brazil, and Mozambique.
Recent significant developments include ExxonMobil’s strategic $65 billion acquisition of Pioneer Natural Resources in 2024, which consolidated its position as a leading operator in the Permian Basin by adding substantial contiguous acreage for enhanced operational efficiency and output growth. In 2025, ExxonMobil announced expansions of its production capacity offshore Guyana with multiple developments increasing installed capacity to over 1.5 million barrels of oil per day and commenced deepwater production in Brazil with the Bacalhau project, unlocking over 1 billion barrels of oil equivalent resource. Additionally, ExxonMobil is investing in infrastructure to increase capacity of the Enterprise Products Bahia Natural Gas Liquids pipeline and launched the Cowboy Connector Pipeline to link Permian Basin production to Gulf Coast facilities, enhancing export logistics. The company is also advancing methane pyrolysis technology through industry partnerships to produce low-emission hydrogen and solid carbon, supporting its strategy to reduce greenhouse gas emissions. Furthermore, in 2025 ExxonMobil completed the divestiture of certain exploration and production assets in Thailand, reflecting ongoing portfolio optimization.
ExxonMobil’s business segments include Upstream activities focused on cost-effective, high-return oil and gas resources; Product Solutions integrating downstream refining and chemicals to develop lower-emission fuels and other essential products; and Low Carbon Solutions targeting emerging technologies in carbon capture, hydrogen, and biofuels to meet global energy transition demands. The company’s extensive product range supports industries from transportation and manufacturing to healthcare and consumer goods. ExxonMobil remains one of the world’s largest publicly traded oil and gas companies by market capitalization, leveraging scale and integration across its diverse global operations to maintain competitive advantages in the energy sector.