Exxon Mobil Corporation (NYSE:XOM) explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.
Exxon Mobil is one of the largest oil companies on the planet and is a fully integrated supermajor. It operates in every segment of the oil and gas industry, including E&P, midstream, petrochemical manufacturing, refining, and, even farther downstream, marketing refined and petroleum products to customers.
- Market Cap: 392.092 Billions
- PE Ratio: 10.29
- EPS: 9.14
- Dividend Yield: 3.74%
Exxon Mobil has focused its more recent efforts on reducing its business costs and boosting efficiency. These investments are beginning to pay off in 2022. The company has significantly lowered its oil production costs over the past couple of years by focusing on its highest-return assets while also taking steps to better leverage its massive scale. That enables it to generate lots of cash flow when oil prices are much higher. Also, Exxon Mobil is making investments in lower-carbon fuel sources, including carbon capture and storage and biofuels. These investments will enable the company to continue supplying the economy with fuel for years to come.