ExxonMobil, a publicly owned American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston, was founded in 1972 and employs approximately 59,280 individuals. The company reported $323.9B in revenue as of 2025. Functioning as a major global energy producer, it specializes in oil and gas, tracing its origins as a direct successor of John D. Rockefeller's Standard Oil, with the modern entity formed in 1999 through the merger of Exxon and Mobil. It is vertically integrated across the oil and gas industry and operates a chemicals division that produces plastic, synthetic rubber, and other chemical products. Approximately 55.56% of the company's shares are held by institutions, including The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%) as of 2019.
On April 25, 2026, the last giant oil tank was removed from the 105-acre former ExxonMobil site in Everett, preparing the property for a 5 million square foot mixed-use development, which Davis Cos. purchased for $72.5 million in 2023. Previously, on April 24, Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, announced the successful loading and departure of its first LNG export cargo from its Sabine Pass, Texas, terminal. This milestone occurred approximately 24 days after the facility began producing LNG from its initial processing unit. Earlier the same day, American Bureau of Shipping (ABS) awarded the SUSTAIN-1 notation to FPSO ONE GUYANA, an operational unit in the ExxonMobil-operated Stabroek Block in Guyana, recognizing its integration of environmental, social, and governance (ESG) criteria into its design and operation.
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