ExxonMobil is the largest United States-based oil and gas producing company. As of December 2023, ExxonMobil's revenues amounted to 346.17 billion U.S. dollars. ExxonMobil’s revenue was significantly higher than its competitors, earning nearly 150 billion U.S. dollars more than Chevron, which ranked second that same year.
ExxonMobil’s main operations and locations
Based in Irving, Texas, ExxonMobil is consistently ranked as one of the top oil and gas companies worldwide based on revenue. The company has early origins in John D. Rockefeller’s Standard Oil Company from the 1880s but became the entity it is today when two major oil companies, Exxon and Mobil, merged in 1999. The company is one of the leading global oil refiners, with refineries in 21 countries. The majority of ExxonMobil's refining capacity is in North America and Europe.
Impact of 2022 rise in oil prices
ExxonMobil's revenue has seen a stark rise this decade. While a 2020 slump followed impacts of the pandemic on economic activity and outlooks, revenues have more than doubled since then. As a result of rising oil prices, ExxonMobil regained its position among the largest ten companies by revenue worldwide along with other major oil producers and refiners.
