Exxon Mobil Corp
NYSE:XOM
$ 115.49
+ $0.64 (0.59%)
$ 115.49
+ $0.64 (0.59%)
Real-time: 03/28/2024 11:12

Exxon Mobil Corp Stock

About Exxon Mobil Corp

Exxon Mobil Corporation (ExxonMobil) engages in the exploration for, and production of, crude oil and natural gas; manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a wide variety of specialty products; and pursuit of lower-emission business opportunities, including carbon capture and storage, hydrogen, and lower-emission fuels. Exxon Mobil Corp share price history

The company has several divisions and hundreds of affiliates, many with names that include ExxonMobil, Exxon, Esso, Mobil or XTO. ExxonMobil held over 8 thousand active patents worldwide as of December 31, 2022 (year-end 2022). Divisions and affiliated companies of ExxonMobil operate or market products in the United States and most other countries of the world.

Syncrude Operations

Syncrude is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen, and then upgrade it to produce a high-quality, light (32 degrees API), sweet, synthetic crude oil. Imperial Oil Limited is the owner of a 25 percent interest in the joint venture. The company has a 69.6 percent interest in Imperial Oil Limited. In 2022, the company’s share of net production of synthetic crude oil was about 63 thousand barrels per day and share of net acreage was about 55 thousand acres in the Athabasca oil sands deposit.

Kearl Operations

Kearl is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen. Imperial Oil Limited holds a 70.96 percent interest in the joint venture and ExxonMobil Canada Properties holds the other 29.04 percent. The company has a 69.6 percent interest in Imperial Oil Limited and a 100 percent interest in ExxonMobil Canada Properties. Kearl is consisted of six oil sands leases covering about 49 thousand acres in the Athabasca oil sands deposit. Exxon Mobil Corp share price history

Kearl is located approximately 40 miles north of Fort McMurray, Alberta, Canada. Bitumen is extracted from oil sands and processed through bitumen extraction and froth treatment trains. The product, a blend of bitumen and diluent, is shipped to the company’s refineries and to other third parties. Diluent is natural gas condensate or other light hydrocarbons added to the crude bitumen to facilitate transportation by pipeline and rail. During 2022, average net production at Kearl was about 221 thousand barrels per day.

Principal Ongoing Activities

The United States

ExxonMobil’s year-end 2022 acreage holdings totaled 9.5 million net acres, of which 0.2 million net acres were offshore. In 2022, ExxonMobil relinquished 1 million net acres, of which 0.2 million were offshore. ExxonMobil was active in areas onshore and offshore in the lower 48 states and in Alaska. Development activities continued on the Golden Pass liquefied natural gas export project. Development activities focused on liquids-rich opportunities in the onshore U.S., primarily in the Permian Basin of West Texas and New Mexico. ExxonMobil’s net acreage in the Gulf of Mexico at year-end 2022 was 0.1 million acres.

Canada / Other Americas

Canada

Oil and Gas Operations: ExxonMobil’s year-end 2022 acreage holdings totaled 4.3 million net acres, of which 2.5 million net acres were offshore. In 2022, ExxonMobil relinquished 2.5 million net acres, of which 1.5 million were offshore.

In Situ Bitumen Operations: ExxonMobil’s year-end 2022 in situ bitumen acreage holdings totaled 0.5 million net onshore acres.

Argentina

ExxonMobil’s net acreage totaled 2.9 million acres at year-end 2022, of which 2.6 million net acres were offshore.

Brazil

ExxonMobil’s net acreage totaled 2.6 million offshore acres at year-end 2022. Development activities continued on the Bacalhau Phase 1 project.

Guyana

ExxonMobil’s net acreage totaled 4.6 million offshore acres at year-end 2022. The Liza Phase 2 Unity floating production, storage and offloading vessel commenced operations, and development activities continued on the Payara project. The Yellowtail project was funded in 2022.

Europe

Germany

ExxonMobil’s net acreage totaled 1.4 million onshore acres at year-end 2022.

The Netherlands

ExxonMobil’s net interest in licenses totaled 1.4 million acres at year-end 2022, of which 0.4 million acres were offshore. In 2022, the Dutch Government further reduced Groningen gas extraction and continues to evaluate the timing for cessation of production.

The United Kingdom

ExxonMobil’s net interest in licenses totaled 0.1 million offshore acres at year-end 2022.

Africa

Angola

ExxonMobil’s net acreage totaled 3 million acres at year-end 2022, of which 2.9 million net acres were offshore.

Equatorial Guinea

ExxonMobil’s net acreage totaled 0.1 million offshore acres at year-end 2022.

Mozambique

ExxonMobil’s net acreage totaled 0.7 million offshore acres at year-end 2022. In 2022, ExxonMobil relinquished 1 million net offshore acres outside of the core Area 4 development. The Coral South Floating LNG development began production in October 2022.

Nigeria

ExxonMobil’s net acreage totaled 0.9 million offshore acres at year-end 2022.

Asia

Azerbaijan

ExxonMobil's net acreage totaled 7 thousand offshore acres at year-end 2022.

Indonesia

ExxonMobil’s net acreage totaled 0.1 million onshore acres at year-end 2022.

Iraq

ExxonMobil’s net acreage totaled 36 thousand onshore acres at year-end 2022. Oil field rehabilitation activities continued during 2022 and across the life of this project will include drilling of new wells; working over of existing wells; and optimization, debottlenecking and expansion of facilities.

Kazakhstan

ExxonMobil’s net acreage totaled 0.3 million acres at year-end 2022, of which 0.2 million net acres were offshore. Development activities continued on the Tengiz Expansion project.

Malaysia

ExxonMobil’s interests in production sharing contracts covered 0.2 million net offshore acres at year-end 2022.

Qatar

Through the company’s joint ventures with QatarEnergy, ExxonMobil’s net acreage totaled 80 thousand offshore acres at year-end 2022. ExxonMobil participated in 52.3 million tonnes per year gross liquefied natural gas capacity and 3.4 billion cubic feet per day of flowing gas capacity at year end. The North Field Production Sustainment Compression project was funded in 2022. ExxonMobil also announced participation in Qatar's North Field East project via the Qatar Liquefied Gas Company Limited (QG7) venture, representing 18.5 thousand net acres and 8 million tonnes per year gross liquefied natural gas capacity expected to begin in 2026.

Russia

Effective October 14, 2022, the Russian government unilaterally terminated the company’s interests in Sakhalin, transferring operations to a Russian operator.

Thailand

ExxonMobil’s net onshore acreage in Thailand concessions totaled 16 thousand acres at year-end 2022.

The United Arab Emirates

ExxonMobil’s net acreage in the Abu Dhabi offshore Upper Zakum oil concession was 81 thousand acres at year-end 2022. Development activities continued on the Upper Zakum 1 MBD Sustainment project.

Australia / Oceania

Australia

ExxonMobil’s net acreage totaled 1.2 million offshore acres and 10 thousand onshore acres at year-end 2022. In 2022, 0.6 million net offshore acres were relinquished.

The co-venturer-operated Gorgon Jansz liquefied natural gas (LNG) development consists of a subsea infrastructure for offshore production and transportation of the gas, a 15.6 million tonnes per year LNG facility and a 280 million cubic feet per day domestic gas plant located on Barrow Island, Western Australia. Development activities continued on the Gorgon Stage 2 project and Jansz Io Compression project during the year.

Papua New Guinea

ExxonMobil’s net acreage totaled 2.1 million onshore acres at year-end 2022. In 2022, ExxonMobil relinquished 1.2 million net offshore acres. The Papua New Guinea (PNG) liquefied natural gas integrated development includes gas production and processing facilities in the PNG Highlands, onshore and offshore pipelines, and a 6.9 million tonnes per year liquefied natural gas facility near Port Moresby.

Worldwide Exploration

At year-end 2022, exploration activities were under way in several areas in which ExxonMobil has no established production operations and thus are not included above. A total of 18.8 million net acres were held at year-end 2022.

Delivery Commitments

ExxonMobil sells crude oil and natural gas from its producing operations under a variety of contractual obligations, some of which may specify the delivery of a fixed and determinable quantity for periods longer than one year. ExxonMobil also enters into natural gas sales contracts where the source of the natural gas used to fulfill the contract can be a combination of the company’s own production and the spot market. Worldwide, the company is contractually committed to deliver approximately 36 million barrels of oil and 2.3 trillion cubic feet of natural gas for the period from 2023 through 2025.

History

Exxon Mobil Corporation was founded in 1870. The company was incorporated in the state of New Jersey in 1882.

Country
Industry:
Founded:
1870
IPO Date:
01/02/1968
ISIN Number:
I_US30231G1022

Contact Details

Address:
22777 Springwoods Village Parkway, Spring, Texas, 77389-1425, United States
Phone Number
972-940-6000

Key Executives

CEO:
Woods, Darren
CFO
Mikells, Kathryn
COO:
Data Unavailable