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Exxon Mobil Corporation
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2019 Vault Rankings

At a Glance

Uppers

Employees praise the stable employment and good pay.

Downers

Some insiders say that long hours leads to lousy work/life balance.

The Bottom Line

Working for the world's most profitable company has its advantages. It pays well, but it can be a rat race.

About Exxon Mobil Corporation

Exxon Mobil Corporation is the world's #1 publicly traded oil company, rivaled only by giants like Shell, BP, and Total. Its vast portfolio holds more than 22 billion barrels of oil equivalent of proved reserves, spread across some 15 countries on six continents. The company has a huge daily average output: about 1.7 million barrels of crude oil, 269,000 barrels of NGLs, and 9.4 billion cubic feet of natural gas. Its biggest business is selling refined products through approximately 19,000 gas stations around the world. Exxon Mobil is also a provider in the chemicals industry, manufacturing olefins, polyolefins, and aromatics that form the base for many plastic products. The company's brands—ExxonMobil, Exxon, Esso, Mobil, and XTO— enjoy global recognition.

Operations

Exxon Mobil reports three business segments.

The Downstream segment accounts for some 80% of the company's annual revenue. With around refineries spread across about countries, Exxon Mobil has a 4.7 million barrels of oil equivalent distillation capacity per day. The corporation also manufactures, trades, and sells petroleum products like fuels, lubricants, and feedstock.

Its Chemicals segment (10%) manufactures and sells olefins, polyolefins, aromatics, and petrochemicals that are used as the base for other petrochemicals and plastics.

ExxonMobil's Upstream segment maintains exploration and development assets that holds some 22 billion BOE in proved reserves. Around 10% of its sales comes from this segment.

Geographic Reach

A majority of Exxon Mobil's assets are in North America (23 million net acres), half of which are in the US. Core assets include the Permian Basin, the Bakken oil play, and the Marcellus, the Haynesville shale and Utica shale plays. The rest of Exxon Mobil's assets are scattered across more than 20 countries in Asia, Europe, Africa, and Australia. International growth has come from assets in Guyana, and Mozambique.

About 35% of the company's sales comes from the US.

Sales and Marketing

Exxon Mobil sells its products and services under the Exxon, Esso, Synergy, and Mobil brands. The company is contractually committed to deliver 44 million barrels of oil and 2,500 billion cubic feet of natural gas during the 2020-22 period.

Financial Performance

In 2019, the company's revenue decreased by about $23.7 billion to $255.6 billion, due to the overall decrease on their segments.

Net income fell from $14.3 billion in 2019 to $20.8 billion in 2018, due to the overall decrease in the company's earnings for each segment. The company's domestic operations decreased by $3.9 billion and international operations decreased by $3.8 million.

The company's cash and cash equivalents grew by $47 million, ending 2019 with $3.1 billion on hand. Cash from operations generated $29.7 billion, while cash from investing used $23.1 million ($24.4 billion going towards net purchase of property, plant, and equipment). Financing activities further used $6.6 million, a majority of which went towards cash dividends.

Strategy

ExxonMobil's fundamental strategies guide their global Upstream business, including capturing material and accretive opportunities to continually high-grade the resource portfolio, selectively developing attractive oil and natural gas resources, developing and applying high-impact technologies, and pursuing productivity and efficiency gains.

The company's fundamental Downstream business strategies competitively position the company across a range of market conditions. These strategies include targeting best in class operations in all aspects of the business, maximizing value from advanced technologies, capitalizing on integration across ExxonMobil businesses, selectively investing for resilient, advantaged returns, operating efficiently and effectively, and providing quality, valued and differentiated products and services to customers.

Company Background

With a storied 137-year history, Exxon Mobil is a pioneering energy company. A giant to emerge from the break-up of Standard Oil in 1911, it became a top publicly traded energy company after its merger with Mobil in 1999. 

While known for its wide brand recognition, record cash flows, and impressive investor returns, Exxon Mobil also attracts negative press coverage over environmental concerns (like the 1989 Exxon Valdez oil spill accident). In any given year, the company also fights a range of lawsuits, ranging from leaky petrol stations in the US to political bribery allegations on foreign lands.

Exxon Mobil Corporation

5959 Las Colinas Blvd
Irving, TX 75039-2298
Phone: 1 (972) 940-6000

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: XOM
Stock Exchange: , NYSE
SVP and Principal Financial Officer: Andrew P. Swiger
President, ExxonMobil Chemical Company: John R. Verity
Chairman and CEO: Darren W. Woods
Employees (This Location): 400
Employees (All Locations): 74,900

Major Office Locations

Irving, TX

Other Locations

Kenai, AK
Foley, AL
Selma, AL
Theodore, AL
Bentonville, AR
Brinkley, AR
Clinton, AR
Glenwood, AR
Heber Springs, AR
Ozark, AR
Chandler, AZ
Mesa, AZ
Aliso Viejo, CA
Cerritos, CA
City Of Industry, CA
Corona, CA
El Segundo, CA
Garden Grove, CA
Goleta, CA
Hemet, CA
Huntington Beach, CA
Laguna Niguel, CA
Lebec, CA
Long Beach, CA
Mission Viejo, CA
Modesto, CA
Moreno Valley, CA
Oxnard, CA
Rancho Cucamonga, CA
Riverside, CA
San Ardo, CA
San Diego, CA
San Gabriel, CA
Santee, CA
Taft, CA
Woodland Hills, CA
Englewood, CO
Rifle, CO
Vail, CO
Hartford, CT
Orange, CT
Washington, DC
Bonita Springs, FL
Boynton Beach, FL
Brandon, FL
Cantonment, FL
Deerfield Beach, FL
Fort Lauderdale, FL
Fort Myers, FL
Fort Pierce, FL
Greenacres, FL
Jensen Beach, FL
Lake Buena Vista, FL
Marathon, FL
Miami, FL
Naples, FL
Orlando, FL
Royal Palm Beach, FL
Saint Petersburg, FL
Sanford, FL
South Pasadena, FL
Summerfield, FL
Sunrise, FL
Valrico, FL
Venice, FL
West Palm Beach, FL
Winter Park, FL
Winter Springs, FL
Lagrange, GA
Lithia Springs, GA
Savannah, GA
Arlington Heights, IL
Bement, IL
Calumet City, IL
Carlinville, IL
Channahon, IL
Chicago, IL
Cicero, IL
Des Plaines, IL
Downers Grove, IL
Elk Grove Village, IL
Elmhurst, IL
Elwood, IL
Gibson City, IL
Hinsdale, IL
Hoffman Estates, IL
Joliet, IL
Lake Forest, IL
Lincolnwood, IL
Lockport, IL
Lombard, IL
Mchenry, IL
Mokena, IL
Morton Grove, IL
Patoka, IL
Steeleville, IL
Vernon, IL
Wheeling, IL
Wilmington, IL
Hammond, IN
Indianapolis, IN
Hugoton, KS
Kansas City, KS
Lakin, KS
Olathe, KS
Ulysses, KS
Avery Island, LA
Baton Rouge, LA
Bernice, LA
Chalmette, LA
Dubach, LA
Grand Isle, LA
Gueydan, LA
Haynesville, LA
Jena, LA
Lisbon, LA
Monroe, LA
Port Allen, LA
Saint James, LA
Slidell, LA
Sorrento, LA
Thibodaux, LA
Boston, MA
Bridgewater, MA
Everett, MA
Hanover, MA
Randolph, MA
South Yarmouth, MA
Taunton, MA
Tewksbury, MA
Annapolis, MD
Baltimore, MD
Germantown, MD
Suitland, MD
South Portland, ME
Bridgeport, MI
Commerce Township, MI
Detroit, MI
Grosse Pointe Woods, MI
Hazel Park, MI
Northville, MI
Riverview, MI
Saint Clair Shores, MI
Southfield, MI
Troy, MI
White Lake, MI
Jackson, MS
Pascagoula, MS
Billings, MT
Bozeman, MT
Bridger, MT
Laurel, MT
Sidney, MT
Durham, NC
Alexander, ND
North Platte, NE
Exeter, NH
Hampton, NH
Henniker, NH
Manchester, NH
Nashua, NH
Absecon, NJ
Colonia, NJ
Egg Harbor Township, NJ
Farmingdale, NJ
Lambertville, NJ
Linden, NJ
Mount Laurel, NJ
Paulsboro, NJ
Teaneck, NJ
Aztec, NM
Albany, NY
Brooklyn, NY
Buffalo, NY
Cedarhurst, NY
Central Valley, NY
Dannemora, NY
Falconer, NY
Forest Hills, NY
Garden City, NY
Highland, NY
Latham, NY
Liverpool, NY
Mahopac, NY
Manorville, NY
New York, NY
Poughkeepsie, NY
Schenectady, NY
Staten Island, NY
Syracuse, NY
Waterloo, NY
Wurtsboro, NY
Bellaire, OH
Bridgeport, OH
Wadsworth, OH
Ardmore, OK
Mcalester, OK
Oklahoma City, OK
Ringwood, OK
Shawnee, OK
Wilson, OK
Portland, OR
Allentown, PA
Conshohocken, PA
Export, PA
Exton, PA
Harrisburg, PA
Malvern, PA
Montoursville, PA
Newtown Square, PA
Pittsburgh, PA
Reading, PA
Renfrew, PA
Upper Darby, PA
Warrendale, PA
Riverside, RI
Myrtle Beach, SC
West Columbia, SC
Custer, SD
Bristol, TN
Lewisburg, TN
Memphis, TN
Murfreesboro, TN
Nashville, TN
Alto, TX
Andrews, TX
Austin, TX
Baytown, TX
Beaumont, TX
Bryan, TX
Carthage, TX
Center, TX
Coahoma, TX
Columbus, TX
Corpus Christi, TX
Corsicana, TX
Cypress, TX
Dallas, TX
Denver City, TX
Donie, TX
Duncanville, TX
Fort Worth, TX
Garland, TX
Goldsmith, TX
Hawkins, TX
Hillsboro, TX
Houston, TX
Humble, TX
Irving, TX
Jersey Village, TX
Katy, TX
Kilgore, TX
Lewisville, TX
Longview, TX
Lorena, TX
Merrick, TX
Midland, TX
Murchison, TX
Nacogdoches, TX
New London, TX
North Port, TX
Perryton, TX
Plano, TX
Rockwall, TX
Rosenberg, TX
San Antonio, TX
Sherman, TX
Spring, TX
Sugar Land, TX
Talco, TX
The Woodlands, TX
Tokio, TX
Tyler, TX
Vidor, TX
Waco, TX
Waskom, TX
Winnsboro, TX
Orangeville, UT
Roosevelt, UT
Arlington, VA
Ashburn, VA
Chantilly, VA
Chester, VA
Colonial Heights, VA
Fairfax, VA
Falls Church, VA
Hampton, VA
Leesburg, VA
Lynchburg, VA
Newport News, VA
North Chesterfield, VA
Richmond, VA
Stafford, VA
Sterling, VA
Thornburg, VA
Virginia Beach, VA
Williamsburg, VA
Bristol, VT
Burlington, VT
Everett, WA
Lakewood, WA
Appleton, WI
Eau Claire, WI
Green Bay, WI
La Crosse, WI
Osceola, WI
Tomah, WI
West Allis, WI
Beckley, WV
Jane Lew, WV
Logan, WV
Kemmerer, WY
La Barge, WY
Beijing, China
Chengdu, China
Fuzhou, China
Guangzhou, China
Huhehaote, China
Shanghai, China
Chennai, India
Gurgaon, India
Hyderabad, India
Kolkata, India
New Delhi, India
Cavarzere, Italy
Porto Viro, Italy
Ipojuca, Brazil
Itajai, Brazil
Mogi Das Cruzes, Brazil
Paulinia, Brazil
Santos, Brazil
Sao Paulo, Brazil
Ajax, Canada
Amherst, Canada
Bonnyville, Canada
Brampton, Canada
Brantford, Canada
Brooks, Canada
Brossard, Canada
Burnaby, Canada
Calgary, Canada
Canmore, Canada
Cannifton, Canada
Carstairs, Canada
Corner Brook, Canada
Cynthia, Canada
Deer Lake, Canada
Devon, Canada
Dorval, Canada
Dundalk, Canada
East St Paul, Canada
Edmonton, Canada
Estevan, Canada
Fenwick, Canada
Fort Macleod, Canada
Fort Nelson, Canada
Goldboro, Canada
Gull Lake, Canada
Halifax, Canada
Happy Valley-Goose Bay, Canada
Inuvik, Canada
Jonquière, Canada
Lancaster, Canada
Langley, Canada
Lloydminster, Canada
Markham, Canada
Mckerrow, Canada
Midland, Canada
Mississauga, Canada
Moncton, Canada
Musquodoboit Harbour, Canada
Nanaimo, Canada
Nanticoke, Canada
Napanee, Canada
Nepean, Canada
Newcastle, Canada
Nobel, Canada
Norman Wells, Canada
North York, Canada
Orangeville, Canada
Point Tupper, Canada
Port Moody, Canada
Prince Albert, Canada
Radville, Canada
Red Deer, Canada
Regina, Canada
Saint-Andre, Canada
Saint-Jean-Port-Joli, Canada
Saint-Laurent, Canada
Sarnia, Canada
Sault Ste. Marie, Canada
Sept-Îles, Canada
St Catharines, Canada
St. John'S, Canada
Sudbury, Canada
Sydney, Canada
Terrace, Canada
Thornhill, Canada
Toronto, Canada
Uxbridge, Canada
Vancouver, Canada
Vernon, Canada
Victoria, Canada
Waterdown, Canada
Whitecourt, Canada
Woodbridge, Canada
Bulandet, Norway
Sandnes, Norway
Ekaterinburg, Russia
Moscow, Russia
Novosibirsk, Russia
St. Petersburg, Russia
Yuzhno-Sakhalinsk, Russia
Taipei City, Taiwan
Antwerpen, Belgium
Doornik, Belgium
Luik, Belgium
Machelen (Bt.), Belgium
Meerhout, Belgium
Seraing, Belgium
Zwijndrecht, Belgium
Atyrau G.A., Kazakhstan
Zürich, Switzerland

Competitors