Exxon Mobil Corp - Company Profile
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Business Description
Exxon Mobil Corp (ExxonMobil) is an integrated oil and gas company. It carries out the exploration and production of crude oil and natural gas; trade, manufacture, transportation and sale of crude oil, natural gas, petroleum, petrochemical and specialty products. The company also carries out lower-emission businesses such as hydrogen, lower-emission fuels and carbon capture and storage.
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R&D Overview
The company’s research and development (R&D) activities focus on developing more efficient fuels and developing new technologies, which will reduce emissions. It works with leading universities around the world to develop new technologies. As of December 2022, it had more than 8,000 active patents worldwide. In FY2022, it spent US$824.0 million on R&D, which as a percentage of revenue, stood at 0.2% and declined 2.3% YoY.
Business Segments
Overview
The segment manufactures and markets petrochemical products. Its product portfolio includes Olefins, polyolefins and other intermediates. In FY2022, the segment’s capital expenditure stood at US$2,965.0 million, which increased 46.4% YoY.
Performance
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Overview
The segment consists of the fuel and aromatics value chains. Manufactures, trades and markets petroleum products. Refining and supply operations include a global network of manufacturing plants, transportation systems, and distribution centers. Major products include gasoline, naphtha, heating oil, kerosene, diesel, aviation fuel, heavy fuel, and other products. In FY2022, the segment’s capital expenditure stood at US$2,410.0 million, which increased 21.3% YoY.
Performance
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Overview
The segment produces and markets a wide range of performance products. Its range of specialty products includes lubricants, synthetics, waxes and base stocks, and elastomers and resins. In FY2022, the segment’s capital expenditure stood at US$268.0 million, which declined 17.8% YoY.
Performance
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Overview
The segment explores and produces crude oil and natural gas across the world. It extracts hydrocarbon from both conventional resources as well as unconventional resources such as shale rock formations. Its capital program focuses on low-cost supply opportunities. The projects for growth include development projects in Brazil, Guyana and the Permian Basin in the US and LNG expansion projects in Mozambique, Qatar, Papua New Guinea, and the US. In FY2022, the segment’s capital expenditure stood at US$17,002.0 million, which increased 38.7% YoY.
Performance
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Overview
The segment includes Low Carbon Solutions business, financing, general administrative support functions and insurance activities.
Performance
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Geographical Segments
Performance
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Performance
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