ExxonMobil, a publicly owned corporation, is headquartered in the US. Founded in 1972, the company operates with an estimated 59,280 employees and reported $323.9B in revenue as of 2025. Its main product is oil and gas. Functioning as an American multinational oil and gas corporation, the modern company was formed in 1999 following the merger of Exxon and Mobil, serving as a direct successor of John D. Rockefeller's Standard Oil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. Approximately 55.56% of the company's shares are held by institutions.
ExxonMobil, alongside its QatarEnergy consortium, declared the "Glaucus" and "Pegasus" natural gas fields in Block 10 commercially viable on March 30, 2026. Energy Minister Michalis Damianos announced on Friday, April 3, that the consortium confirmed via letter that the two fields, totaling approximately 7 trillion cubic feet (tcf) in Cyprus' Exclusive Economic Zone (EEZ), are now considered exploitable. Earlier on April 3, the Golden Pass LNG export terminal in Texas, a facility partially owned by ExxonMobil, anticipated the arrival of the LNG tanker HL Sea Eagle on April 20 to load the plant’s inaugural cargo of liquefied natural gas for export.
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