ExxonMobil, headquartered in Irving, Texas, is one of the largest publicly traded international oil and gas companies in the world. Formed through the merger of Exxon and Mobil in 1999, the company has a rich history dating back to the late 19th century as part of the Standard Oil empire, originally founded by John D. Rockefeller. ExxonMobil operates across the entire energy value chain, from oil exploration and production to refining, distribution, and marketing.
As a global leader in energy, ExxonMobil plays a key role in supplying the world’s demand for fuel, lubricants, and petrochemical products. With operations spanning six continents, the company is known for its commitment to cutting-edge research, technological innovation, and sustainable energy solutions. It continuously invests in energy efficiency and cleaner technologies while contributing to the global transition to renewable energy.
ExxonMobil remains at the forefront of the energy industry with significant investments in carbon capture and storage, next-generation biofuels, and hydrogen energy. Its global operations and strategic partnerships make it one of the most influential players in shaping the future of energy.
CEO and Founder of ExxonMobil
ExxonMobil’s origins trace back to the Standard Oil Company, founded by John D. Rockefeller in 1870. After the breakup of Standard Oil in 1911, the company's offshoots included Exxon (formerly Standard Oil of New Jersey) and Mobil (formerly Standard Oil of New York). These two companies operated independently until their merger in 1999, forming ExxonMobil, one of the world’s largest energy companies.
The current CEO of ExxonMobil is Darren W. Woods, who has been with the company for over 30 years. Woods assumed the role of CEO in 2017, guiding the company through a dynamic period in the energy sector, focusing on sustainability, carbon reduction initiatives, and maintaining the company’s leadership in the oil and gas industry. His leadership is pivotal in steering ExxonMobil towards new energy opportunities while continuing its role as a global oil and gas giant.
List of Top Companies Under ExxonMobil
ExxonMobil has various subsidiaries and divisions that operate across the energy value chain, contributing to its global dominance. Here is a list of some of the top companies and divisions under the ExxonMobil umbrella:
| Company/Division Name | Year Founded/Acquired | Valuation | Industry |
|---|---|---|---|
| ExxonMobil Chemical | Founded in 1965 | $100 Billion | Petrochemicals |
| XTO Energy | Acquired in 2010 | $30 Billion | Natural Gas Production |
| Esso | Founded in 1911 (ExxonMobil Division) | $25 Billion | Oil Refining and Marketing |
| Mobil 1 | Founded in 1974 | $10 Billion | Synthetic Lubricants |
| Imperial Oil (Canada) | Majority Owned since 1898 | $20 Billion | Oil Exploration, Refining, and Marketing (Canada) |
| SeaRiver Maritime | Founded in 1993 | $5 Billion | Marine Transportation of Crude Oil |
| ExxonMobil Global Projects | Founded in 1999 | $50 Billion | Engineering and Construction Services |
FAQs About ExxonMobil
Q1: When was ExxonMobil founded?
A: ExxonMobil was formed in 1999 through the merger of Exxon (formerly Standard Oil of New Jersey) and Mobil (formerly Standard Oil of New York). However, its roots go back to 1870 with the founding of Standard Oil by John D. Rockefeller.
Q2: Who is the current CEO of ExxonMobil?
A: Darren W. Woods has been the CEO of ExxonMobil since 2017.
Q3: What are ExxonMobil’s main areas of operation?
A: ExxonMobil operates across the oil and gas value chain, including exploration, production, refining, chemicals, and energy solutions. It also invests in sustainable energy projects like carbon capture, hydrogen, and biofuels.
Q4: What is the market value of ExxonMobil?
A: As of 2024, ExxonMobil’s market capitalization exceeds $400 billion.
Q5: What is ExxonMobil Chemical?
A: ExxonMobil Chemical is the division responsible for producing petrochemical products, which are used in manufacturing plastics, synthetic rubber, and other products essential to modern life.
Q6: What role does ExxonMobil play in sustainability?
A: ExxonMobil is investing heavily in sustainable energy solutions, including carbon capture and storage (CCS), biofuels, and hydrogen energy, as part of its commitment to reducing carbon emissions and contributing to the global energy transition.
