Exxon Mobil Corp. Stock

Description Exxon Mobil

Exxon Mobil Corporation, commonly known as ExxonMobil, is a multinational oil and gas corporation headquartered in Irving, Texas, USA. It is one of the largest publicly-traded companies in the world based on market capitalization, and its stock is listed on the New York Stock Exchange under the symbol XOM.

ExxonMobil was formed in 1999 by the merger of Exxon Corporation and Mobil Corporation, both of which were previously part of John D. Rockefeller's Standard Oil.

The company operates in all aspects of the oil and gas industry, including exploration, development, production, transportation, and marketing of crude oil, natural gas, and petroleum products. ExxonMobil also manufactures petrochemicals and lubricants, and operates refining and marketing businesses around the world.

ExxonMobil has a global presence and operates in more than 70 countries. The company employs over 73,000 people worldwide and has a market capitalization of over $250 billion as of August 2021.

Competitors of Exxon Mobil

ExxonMobil, a multinational oil and gas corporation, has several important competitors in the energy industry. Some of the notable competitors of ExxonMobil include:

1. Chevron Corporation (CVX): Chevron is one of the largest integrated energy companies in the world, like ExxonMobil, engaged in exploration, production, refining, and marketing of oil and gas resources.

2. Royal Dutch Shell (RDS.A): Royal Dutch Shell is another global energy company that operates in over 70 countries and is engaged in the production and refining of oil and gas resources.

3. BP (BP): British Petroleum is a British multinational oil and gas company that operates in more than 70 countries, engaged in exploring, producing, and refining crude oil and natural gas.

4. Total SE (TOT): Total is the fourth-largest energy company in the world, operating in more than 130 countries and engaged in the production and refining of oil and gas.

These competitors are major players in the energy industry, and often compete with ExxonMobil in terms of market share, product offerings, and pricing.

Suppliers of Exxon Mobil

As a large and complex corporation, Exxon Mobil has several important suppliers across different business segments.

In its upstream segment, which focuses on exploration and production of oil and gas, Exxon Mobil relies on suppliers for various components and services. Some of the key suppliers in this segment include companies that provide drilling equipment, seismic data analysis, drilling fluids, and other materials and tools necessary for oil and gas exploration and production.

In the downstream segment, which deals with refining and marketing of oil and gas products, Exxon Mobil relies on suppliers of various kinds of crude oil as well as other feedstocks. The company also relies on suppliers of catalysts, additives, and other chemicals used in refining processes. In addition, Exxon Mobil also relies on suppliers for transportation and logistics services for its various downstream products such as gasoline, diesel, lubricants, and petrochemicals.

Overall, Exxon Mobil's suppliers are crucial to the company's operations and are carefully selected and managed to ensure quality, reliability, and cost effectiveness.