Exxon Mobil Corporation Overview
Company Headquarters: Texas, US
Founded: 1882
Workforce: ~71,200
Company Working: Exxon Mobil Corporation majorly deals in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through three business segments: upstream, downstream, and chemical. The upstream segment produces crude oil and natural gas. The downstream segment manufactures and trades petroleum products. The chemical segment offers petrochemicals such as polyethylene, olefins, aromatics, and polypropylene plastics, along with a range of specialty products. It has 136 cross-functional sites located in 39 countries across the world.
Gas treatment solvents are offered under the chemical business segment under the brand “FLEXSORB SE”. ExxonMobil’s FLEXSORB SE or SE Plus solvents are used in a wide variety of acid gas enrichment (AGE) design for the selective removal of H2S. This gas treatment technology has been used in over 100 commercial units worldwide and is considered as the best available technology in many regions across the globe.
Strategy
Exxon Mobil Corporation is focusing on maximizing competitive advantages to expand globally competitive businesses by setting the bar for earnings and cash flow growth through strict capital & cost management, good operational results, decreased emissions intensity, and continuous portfolio improvement. In order to maintain its position as a leader in a fiercely competitive market, the corporation further simplified its organizational structure. Moreover, this new model allows the company to better meet consumer expectations while maximizing productivity because it makes use of economies of scale and eliminates duplication. By centralizing the talents and capabilities required by all the company's companies, the organization may also more efficiently deploy essential resources, providing better value while maintaining flexibility. Regardless of the speed of the energy transition, this benefits several conceivable future scenarios. The company is focusing on increasing its position in the quickly developing aviation gasoline markets to build on its current footprint in North America and Europe.
