ExxonMobil - statistics & facts
ExxonMobil is the largest oil producing company in the world outside of state-owned enterprises. Every day, it produces around 2.5 million barrels of crude oil and other liquids. The United States-based multinational company is active along all areas of the oil and gas supply chain, extracting, refining, and marketing hydrocarbons and hydrocarbon-derived chemicals. Regularly listed among the leading oil and gas companies worldwide based on market value, it is counted as one of the oil supermajors or Big Oil – the world’s largest public oil and gas companies.
Despite its high market valuation and performance on the stock market, the widened scope has made many competitors more attractive in terms of brand value, whereas ExxonMobil lost its position among the ten most valuable oil and gas brands.
ExxonMobil's liquids production reaches new high in 2023
Next to liquids such as crude oil, natural gas liquids, and bitumen, the daily production output of ExxonMobil’s Upstream division also includes natural gas. However, while liquids production reached its highest daily average since 2008, natural gas production fell by around 40 percent between its peak in 2011 and 2023. Proved reserves of ExxonMobil have similarly declined in the above time span. Overall, ExxonMobil's equity-based business operations contributed to greenhouse gas emissions of around 111 million metric tons of carbon dioxide equivalent in 2023.ExxonMobil’s financials and continued focus on core business
Following its most profitable fiscal year, the company’s net income fell by around 35 percent between 2022 and 2023. This development was echoed by other major companies within the sector, as profits were primarily gained through decade-high oil and gas prices. Among ExxonMobil’s main competitors are state-owned entities such as Saudi Aramco and Sinopec, as well as fellow public conglomerates. While its European competitors like Shell and TotalEnergies have been incentivized to diversify their business portfolio, ExxonMobil has continued to invest largely in its existing hydrocarbon operations.Despite its high market valuation and performance on the stock market, the widened scope has made many competitors more attractive in terms of brand value, whereas ExxonMobil lost its position among the ten most valuable oil and gas brands.
