ExxonMobil, a publicly owned corporation headquartered in Spring, Texas, operates with an estimated 59,280 employees and reported $323.9B in revenue as of 2025. Founded in 1972, the modern company was formed in 1999 following the merger of Exxon and Mobil, specializing in oil and gas. It functions as a vertically integrated entity across the entire oil and gas industry, and includes a chemicals division that produces plastic, synthetic rubber, and other chemical products. The company is the seventh-largest by revenue in the U.S. and 13th-largest globally, also recognized as the largest investor-owned oil company in the world. Approximately 55.56% of its shares are held by institutions, with The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%) being among the largest holders as of 2019.
ExxonMobil reported first-quarter 2026 operating revenue of $85.14 billion on May 2, a 2.4% increase year-on-year. The company posted a GAAP net profit of $4.18 billion, representing a 45.8% year-on-year decrease. Adjusted earnings reached $4.9 billion, surpassing market expectations, with upstream earnings surging 63%. Overall reported earnings stood at $4.2 billion, which increased to $4.9 billion when excluding identified items and $8.8 billion when also excluding unfavorable estimated timing effects. The company also noted that Middle East risk exposure pressured cash flow during the quarter. Earlier on May 2, its subsidiary, Calgary-based Imperial Oil Ltd., cut 130 jobs in the first three months of the year as part of a broader restructuring plan to relocate its headquarters.
Subscribe for full access to ExxonMobil's products in full detail 
