About Exxon Mobil Corp.

Exxon Mobil Corporation (ExxonMobil) is one of the world’s largest publicly traded energy and chemical companies, operating as an integrated global giant in oil, natural gas, chemicals, and low-emission technologies. Its core businesses include Upstream (exploration and production of oil and natural gas), Product Solutions (refining and chemicals), and Low Carbon Solutions (carbon capture, hydrogen, biofuels) aimed at reducing emissions while meeting global energy needs[2]. Founded from the 1999 merger of Exxon and Mobil, ExxonMobil has a history spanning over a century, building on the legacies of Standard Oil and its successors. The company is known for pioneering research and advanced technologies that enhance capital efficiency, recovery rates, and product innovation. It has a strong portfolio of high-return assets, notably in the Permian Basin and Guyana, which together drive record production and profitability. In Q3 2025, ExxonMobil reported earnings of $7.5 billion, with cash flow from operations reaching $14.8 billion, reflecting robust financial health and shareholder returns including $9.4 billion in dividends and share repurchases[1][3]. ExxonMobil is aggressively expanding its low-cost, high-return Upstream operations and ramping up new projects, such as the China Chemical Complex and renewable diesel production in Canada. Its Low Carbon Solutions segment has launched the first third-party carbon capture and storage project, targeting nearly 10 million metric tons of CO2 annually[1][2]. The company’s Global Outlook projects energy supply and demand trends through 2050, guiding strategic, capital-intensive investment decisions. This outlook balances economic growth with environmental considerations, highlighting ExxonMobil’s commitment to energy security, affordability, and emissions reduction through technology innovation[4]. Notable aspects include ExxonMobil’s scale as an integrated fuels, lubricants, and chemical company, its technological leadership, and a clear strategic focus on value-driven growth and sustainability in a changing energy landscape

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Chevron's Victory in Hess Acquisition - Boosting Presence in Global Oil Industry

19 Jul 2025 17 views

#chevron #hess #exxon #oil #acquisition

After a 20-month delay, Chevron finally acquires Hess Corp. to become the second-largest oil producer in the US.