ExxonMobil Holdings Corp (XOM)

Exxon Mobil Corporation, operating under brands including ExxonMobil, Exxon, Esso, Mobil, and XTO, is a globally integrated energy and petrochemical company engaged in the exploration, production, manufacture, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialty products. The Corporation is also expanding into lower-emission and new business opportunities such as carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data centers, and lithium. ExxonMobil operates through four reportable segments: Upstream, Energy Products, Chemical Products, and Specialty Products.

In 2025, total earnings after income taxes across these segments (including Corporate and Financing) were $28.8 billion, down from $33.7 billion in 2024, with average capital employed rising to $305.8 billion from $278.1 billion and return on average capital employed at 9.3%, compared to 12.7% the prior year. Cash capital expenditures increased to approximately $29.0 billion in 2025 from $25.6 billion in 2024. Operationally, net liquids production rose to 3,329 thousand barrels daily in 2025 from 2,987 thousand in 2024, and oil-equivalent production increased to 4,736 thousand oil-equivalent barrels daily from 4,333 thousand.

Refinery throughput grew to 3,979 thousand barrels daily, while Chemical Products sales rose to 21,303 thousand metric tons and Specialty Products sales increased to 7,791 thousand metric tons. The company competes globally across highly competitive energy and chemical markets and emphasizes proprietary technology development, holding over 8,000 active patents worldwide as of the end of 2025, though no single segment’s profitability depends on any individual patent or trade secret. ExxonMobil maintains a long-term, career-oriented talent development philosophy, recruiting and retaining employees through market-competitive, performance-differentiated compensation; the average length of service for career employees is about 30 years.

The workforce is highly diverse, with more than 59 percent of employees based outside the U.S. and over 160 nationalities represented. The Corporation employed approximately 58,000, 61,000, and 62,000 regular employees at the end of 2025, 2024, and 2023, respectively. Detailed financial statements, notes, and supplemental information on oil and gas reserves, environmental matters, liquidity, capital resources, and internal controls are included in the Financial Section of the report, reflecting ExxonMobil’s integrated business model spanning upstream and downstream operations as well as emerging lower-carbon ventures.