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Exxon Mobil Corporation, headquartered in the United States, is one of the largest energy companies in the world. It was founded by John D. Rockefeller.
With a strong presence in the oil and natural gas extraction industry, ExxonMobil ranks among the leading global companies in the exploration, production, refining, and marketing of oil, gas, and petrochemical products.
Its main products and services include oil and gas exploration and production, fuel refining, lubricant manufacturing, petroleum-based chemical production, and investments in low-carbon energy solutions.
With robust global operations across the United States, Latin America, Europe, Asia, and Africa, the company develops exploration projects in strategic areas such as the Gulf of Mexico, Brazil, and the Middle East.
The company continually invests in technology and innovation to enhance the extraction and processing of energy resources, aiming for operational efficiency and sustainability across its operations.
ExxonMobil shares are traded on the New York Stock Exchange (NYSE) under the ticker XOM.
History and Founding Exxon Mobil Corporation
Exxon Mobil Corporation traces its origins back to the founding of Standard Oil Company by John D. Rockefeller in 1870, recognized as one of the first oil industry giants.
In 1911, following antitrust rulings, Standard Oil was dissolved into several entities, including Exxon (formerly Standard Oil of New Jersey) and Mobil (Standard Oil of New York).
Over the decades, both companies experienced significant growth, expanding globally, investing in new technologies, and strengthening their presence in emerging markets.
In 1999, Exxon and Mobil merged to form Exxon Mobil Corporation, creating one of the world’s largest energy companies.
In the years following the merger, ExxonMobil heavily invested in research and development, explored new oil and gas reserves, and expanded its refining and distribution operations.
The company faced challenges such as oil price volatility and regulatory pressures but maintained its leadership position in the global energy sector.
Key milestones include the exploration of Brazil’s pre-salt reserves, the development of liquefied natural gas (LNG) projects worldwide, and leadership in advanced deepwater exploration technologies.
Between 2020 and 2024, ExxonMobil has faced challenges related to the global energy transition, aiming to diversify its portfolio through investments in renewable energy.
The company has also focused on streamlining operations, reducing costs, and improving efficiency, in addition to investing in carbon capture and low-carbon fuels.
Today, Exxon Mobil Corporation remains a leading energy company, balancing its traditional exploration and refining operations with investments in sustainable energy solutions.
Additional Information
The Company Exxon Mobil Corporation (United States), is listed on NYSE with a market cap of $ 509.49 Billions, having an equity of $ 268.22 Billions.
With a total of 74.900 employees, the company is listed in the sector of Energy and categorized in industry of Extraction of Oil and natural Gas.
In the last 12 months the Company had a revenue of $ 324.92 Billions, which generated a profit in the amount of $ 29.95 Billions.
As for its main indicators, the Company has a P/E ratio of 17.01, a P/BV ratio of 1.90 and in the last 12 months the dividend yield of XOM was at 3.33%.
The Company is traded internationally through the ticker XOM.
