ExxonMobil Review

About ExxonMobil

ExxonMobil: A Global Leader in Oil and Gas Industry

ExxonMobil is a multinational oil and gas corporation headquartered in Irving, Texas. It is one of the largest publicly traded international oil and gas companies in the world, with operations spanning across six continents. The company was formed in 1999 through the merger of Exxon Corporation and Mobil Corporation.

With a history dating back to 1870, ExxonMobil has been at the forefront of innovation and technology advancements in the energy industry. The company's primary business segments include upstream exploration and production, downstream refining and marketing, chemicals manufacturing, lubricants production, as well as natural gas trading.

Upstream Exploration & Production

ExxonMobil's upstream segment focuses on exploring for new sources of oil and natural gas reserves around the world. The company has a diverse portfolio of assets that includes conventional oil fields as well as unconventional resources such as shale formations. ExxonMobil uses advanced technologies to maximize recovery rates while minimizing environmental impact.

The company operates in over 40 countries worldwide with major projects including offshore drilling operations off the coast of Guyana where it discovered significant hydrocarbon deposits estimated to hold more than eight billion barrels of recoverable resources.

Downstream Refining & Marketing

ExxonMobil's downstream segment involves refining crude oil into various products such as gasoline, diesel fuel, jet fuel, lubricants among others which are then marketed globally under various brand names including Esso™️ , Mobil™️ , Synergy™️ among others.

The company operates refineries across North America (including Canada), Europe (including UK) Asia-Pacific region (including Singapore) with an overall capacity exceeding 4 million barrels per day making it one of the largest refiners globally.

Chemicals Manufacturing

In addition to its core businesses within upstream exploration & production along with downstream refining & marketing segments; ExxonMobil also produces petrochemicals used for manufacturing plastics among other industrial applications.

The chemical division produces products like polyethylene which is used for packaging materials or synthetic rubber used for tires or hoses etc., these products are sold under brand names like Exceed™️ , Enable™️ , Vistalon ™️ etc.,

Lubricants Production

ExxonMobil also manufactures high-quality lubricants that help improve engine performance while reducing emissions from vehicles or machinery equipment. These lubricants are sold under brands like Mobil1 ™️ , Mobil Delvac ™️ etc.,

Natural Gas Trading

Finally yet importantly; Exxonmobil trades natural gas globally through its subsidiary XTO Energy Inc., which acquires natural gas assets primarily located within North America but also expanding into other regions such as Argentina or Mozambique recently.


Corporate Social Responsibility:

As a global leader within energy sector; Exxonmobil takes corporate social responsibility seriously by investing heavily into research development programs aimed at reducing carbon footprint while increasing efficiency throughout all aspects related to their business operations whether it be exploration/production activities or refining/marketing processes etc.,

Furthermore; they have implemented policies aimed at promoting diversity/inclusion initiatives throughout their workforce along with supporting local communities via philanthropic efforts focused on education/healthcare/environmental conservation programs.


Conclusion:

In conclusion; Exxonmobil is an industry leader within energy sector due to its diversified portfolio consisting not only traditional fossil fuels but also newer technologies aimed at improving efficiency/reducing environmental impact associated with their business activities.
Their commitment towards corporate social responsibility initiatives further highlights their dedication towards sustainable growth while maintaining profitability over long term horizon.
For more information about this global giant visit exxonmobi.com