René Muschter
Research Expert covering Industry & Mobility
ExxonMobil - statistics & facts
ExxonMobil is the largest oil producing company in the world outside of state-owned enterprises. Every day, it produces around three 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.
Overall, ExxonMobil's equity-based business operations contributed to greenhouse gas emissions of around 110 million metric tons of carbon dioxide equivalent in 2024.
For 2025, low crude prices amid tariff uncertainty and recession fears are expected to negatively impact the industry’s financial performance.
ExxonMobil's liquids production reaches new high in 2024
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. In 2024, liquids production reached a new peak, while natural gas production also saw a year-on-year increase of four percent. Meanwhile, proved reserves of ExxonMobil rose to their highest value since 2019.Overall, ExxonMobil's equity-based business operations contributed to greenhouse gas emissions of around 110 million metric tons of carbon dioxide equivalent in 2024.
ExxonMobil’s continued focus on core business
Following lower than expected crude oil prices throughout the second half of 2024, the company’s net income fell to its lowest value in three years. This development was echoed by other major companies within the industry, as profits were stifled by weak demand outlooks and lower refining margins. Among ExxonMobil’s main competitors are state-owned entities such as Saudi Aramco and Sinopec, as well as fellow public conglomerates. ExxonMobil has continued to invest largely in its existing hydrocarbon operations, while its European competitors have allocated up to ten percent of their capital spending to low-carbon sources.For 2025, low crude prices amid tariff uncertainty and recession fears are expected to negatively impact the industry’s financial performance.
