A global integrated energy and petrochemical company involved in oil and gas production, fuels, chemicals, specialty products, and lower-emission technologies.
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Cyclical
What Exxon does
ExxonMobil explores for and produces oil and natural gas and manufactures and sells fuels, chemicals, lubricants, and specialty products, while also developing lower-emission technologies and businesses.
Founded
1870
Spring, Texas
CEO
Darren Woods
Since 2017
Market cap
$676.18B
22
Revenue (FY25)
$323.9B
-4.5% YoY
30-Second Summary
A plain-English explanation of ExxonMobil's business model
If you only remember one thing
ExxonMobil is an integrated energy company. It finds and produces oil and natural gas, processes energy commodities into fuels and other products, and manufactures chemicals and specialty products. The company earns revenue by selling these products around the world and reinvests cash into production, refining, chemical facilities, technology, and new energy opportunities.
Business Segments
Where Exxon's $323.9B Fiscal year 2025 (ended December 31, 2025) comes from
$323.9B
Fiscal year 2025
12% of revenue ·+6.1% YoY
76% of revenue ·-6.3% YoY
7% of revenue ·-3% YoY
5% of revenue ·-2.6% YoY
Business Model
How Exxon makes money — the ecosystem flywheel
Find & Produce Energy
Process & Manufacture
Strengths & Risks
What makes Exxon strong — and what could go wrong
Massive Global Scale
ExxonMobil operates across the energy and petrochemical value chain with a large global production, refining, chemical, and specialty-products footprint.
Integrated Business Model
The company combines oil and gas production with refining, fuels, chemicals, and specialty products, allowing multiple businesses to operate across the energy value chain.
Advantaged Production Assets
ExxonMobil has major production positions in areas including the Permian Basin and Guyana, which contributed to record production in 2025.
Diversified Product Portfolio
Beyond crude oil and natural gas, ExxonMobil produces fuels, lubricants, chemicals, polymers, specialty products, and other materials used throughout the economy.
Strong Cash Generation
ExxonMobil generated $51.970B of operating cash flow in FY2025 and approximately $23.612B of calculated free cash flow using operating cash flow less cash capital expenditures.
Financial Overview
Fiscal year 2025 (ended December 31, 2025)
$323.9B
-4.5% YoY
FY25
$28.84B
-14.4% YoY
FY25
$23.61B
-23.1% YoY
FY25
ExxonMobil generated $323.905B of sales and other operating revenue and $28.844B of net income attributable to ExxonMobil in fiscal 2025. Operating cash flow was $51.970B. Using cash capital expenditures of approximately $29.0B, the company's calculated free cash flow was approximately $23.0B; ExxonMobil separately reported $26.1B of free cash flow under its non-GAAP definition that includes cash flow from asset sales.
Financial History
5-year reported trend, fiscal years 2021–2025; free cash flow is calculated as operating cash flow less capital expenditures
$323.9B
+13% since FY21
Business Ecosystem
Who Exxon depends on — and who depends on Exxon
Oil & Gas Suppliers
Oil and gas resources, joint ventures, service providers, and infrastructure support ExxonMobil's upstream exploration and production activities.
Transportation & Distribution
Pipelines, shipping, terminals, distributors, and other logistics networks help move crude oil, natural gas, fuels, chemicals, and specialty products around the world.
Industrial & Consumer Customers
Airlines, transportation companies, manufacturers, chemical producers, retailers, and consumers purchase ExxonMobil's fuels, lubricants, chemicals, and specialty products.
ExxonMobil
Integrated energy company
Competitors
Companies used as broad comparison references for ExxonMobil's integrated energy business. Because ExxonMobil combines upstream production, refining, fuels, chemicals, and specialty products, no single company is a perfect one-to-one competitor. Market caps use an October 7, 2026 snapshot.
Chevron
$402.42B
Large U.S.-based integrated energy company operating across oil and gas production, refining, chemicals, and related energy businesses.
Shell
$275.01B
Global integrated energy company with upstream, LNG, refining, marketing, chemicals, and energy-transition businesses.
TotalEnergies
$188.5B
Global integrated energy company operating across oil and gas, LNG, refining, fuels, chemicals, and electricity.
Chevron Corporation
A global integrated energy company involved in oil and gas production, refining, fuels, chemicals, and lower-carbon energy solutions.
NextEra Energy, Inc.
A major North American energy company combining a large regulated electric utility with one of the world's leading renewable energy platforms.
