XOM 📈 Exxon Mobil - Overview

Exxon Mobil Corporation is a multinational oil and gas company that operates on a global scale, with a diverse range of activities spanning the exploration, production, and distribution of crude oil and natural gas. The company's operations are organized into several distinct segments, including Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment is responsible for the exploration and production of crude oil and natural gas, with operations in the United States and internationally. This segment is critical to the company's overall strategy, as it provides the raw materials that are used to manufacture a wide range of petroleum products.

The Energy Products segment is another key component of Exxon Mobil's business, offering a variety of fuels, aromatics, and catalysts to customers around the world. The company sells its products under several well-known brands, including Exxon, Esso, and Mobil, which are recognized for their quality and reliability. In addition to its branded products, the Energy Products segment also provides licensing services to other companies, allowing them to utilize Exxon Mobil's technology and expertise. This segment is also involved in the manufacturing, trade, transport, and sale of crude oil, natural gas, and petroleum products, making it a vital part of the company's overall operations.

The Chemical Products segment is focused on the manufacture and marketing of petrochemicals, including olefins, polyolefins, and intermediates. These products are used in a wide range of applications, from packaging and plastics to textiles and adhesives. The Specialty Products segment, on the other hand, offers a variety of performance products, including lubricants, basestocks, waxes, synthetics, elastomers, and resins. These products are designed to meet the specific needs of customers in industries such as automotive, aerospace, and construction. By providing a broad range of products and services, Exxon Mobil is able to meet the diverse needs of its customers and maintain its position as a leader in the energy industry.

As the energy landscape continues to evolve, Exxon Mobil is also pursuing lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. These initiatives are designed to reduce the company's environmental footprint and provide new sources of revenue. With a history dating back to 1870, Exxon Mobil Corporation is one of the oldest and most established energy companies in the world, with a strong track record of innovation and adaptability. The company is headquartered in Spring, Texas, and its common stock is listed on the New York Stock Exchange under the ticker symbol XOM, with the ISIN code US30231G1022, and is classified under the GICS Sub Industry: Integrated Oil & Gas.