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United States

Profile: Exxon Mobil Corp (XOM)

XOM on New York Consolidated

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28 Jun 2017
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Exxon Mobil Corporation, incorporated on August 5, 1882, is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.

United States

As of December 31, 2016, the Company had exploration and development activities in areas onshore and offshore in the lower 48 states of the United States and in Alaska. Its development activities focus on liquids-rich opportunities in the onshore United States, primarily in the Permian Basin of West Texas and New Mexico, the Bakken oil play in North Dakota and Montana. In addition, gas development activities are in the Marcellus Shale of Pennsylvania and West Virginia, the Utica Shale of Ohio and the Haynesville Shale of East Texas and Louisiana. As of December 31, 2016, the Company's acreage holdings totaled 12.9 million net acres, of which 1.0 million net acres were offshore. During the fiscal year ended December 31, 2016 (fiscal 2016), a total of 1.6 net exploration and development wells were completed. As of December 31, 2016, the Company's net acreage in the Gulf of Mexico was 0.9 million acres. As of December 31, 2016, a total of 14.0 net development wells completed in Alaska. The Company holds interest in Julia project and Heidelberg project.

Canada/South America

As of December 31, 2016, under its oil and gas operations in Canada, the Company's acreage holdings totaled 6.5 million net acres, of which 3.2 million net acres were offshore. During fiscal 2016, a total of 11.5 net development wells were completed. The Company has development activities in the Hebron project. It also holds interest in a deepwater acreage offshore Eastern Canada. As of December 31, 2016, the Company's in situ bitumen acreage holdings totaled 0.7 million net onshore acres. As of December 31, 2016, the Company's net acreage totaled 0.3 million onshore acres in Argentina. During fiscal 2016, the Company had 3.4 net exploration and development wells completed in Argentina.

Europe

In Europe, the Company has exploration and development activities in locations, such as Germany, the Netherlands, Norway and the United Kingdom. As of December 31, 2016, the Company had a total of 3.1 million net onshore acres in Germany. In fiscal 2016, the Company had 0.6 net exploration and development wells completed in Germany. As of December 31, 2016, the Company's licenses in the Netherlands totaled approximately 1.5 million acres. During fiscal 2016, a total of 2.9 net exploration and development wells were completed in the Netherlands. As of December 31, 2016, the Company's licenses in Norway totaled approximately 0.2 million acres, all offshore. During fiscal 2016, a total of 8.9 net exploration and development wells were completed in Norway. As of December 31, 2016, the Company's licenses in the United Kingdom totaled approximately 0.4 million acres, all offshore. During fiscal 2016, a total of 1.8 net exploration and development wells were completed in the United Kingdom.

Africa

The Company has exploration and development activities in Angola, Chad, Equatorial Guinea and Nigeria. As of December 31, 2016, the Company's net acreage in Angola totaled 0.4 million offshore acres. During fiscal 2016, the Company had 4.8 net development wells completed in Angola. It has development activities on Block 32 in the Kaombo Split Hub project. As of December 31, 2016, the Company's net acreage holdings in Chad consisted of 46 thousand onshore acres. As of December 31, 2016, the Company's acreage in Equatorial Guinea totaled 0.3 million net offshore acres. As of December 31, 2016, the Company's net acreage in Nigeria totaled 1.1 million offshore acres. During fiscal 2016, the Company had 3.1 net exploration and development wells completed in Nigeria.

Asia

The Company has exploration activities in Azerbaijan, Indonesia, Iraq, Kazakhstan, Malaysia, Qatar, Republic of Yemen, Russia, Thailand and the United Arab Emirates. As of December 31, 2016, the Company's net acreage in Azerbaijan totaled nine thousand offshore acres. During fiscal 2016, a total of 1.4 net development wells were completed in Azerbaijan. As of December 31, 2016, the Company had 0.5 million net acres, 0.4 million net acres offshore and 0.1 million net acres onshore. As of December 31, 2016, the Company's onshore acreage in Iraq was 0.2 million net acres. During fiscal 2016, a total of 3.1 net development wells were completed at the West Qurna Phase I oil field in Iraq. As of December 31, 2016, the Company's net acreage in Kazakhstan totaled 0.1 million acres onshore and 0.2 million acres offshore. During fiscal 2016, a total of 5.3 net development wells were completed in Kazakhstan. The Company holds interest in the Tengiz Expansion project in Kazakhstan.

As of December 31, 2016, the Company had interests in production sharing contracts covering 0.2 million net acres offshore in Malaysia. As of December 31, 2016, the Company's net acreage in Qatar totaled 65 thousand acres offshore. It holds interest in the Barzan project in Qatar. As of December 31, 2016, the Company's net acreage in the Republic of Yemen production sharing areas totaled 10 thousand acres onshore. As of December 31, 2016, the Company's net acreage holdings in Sakhalin were 85 thousand acres, all offshore. During fiscal 2016, a total of 1.8 net development wells were completed. It has development activities in the Odoptu Stage 2 project. As of December 31, 2016, the Company's net acreage in the Rosneft joint venture agreements for the Kara, Laptev, Chukchi and Black Seas was 63.6 million acres, all offshore. As of December 31, 2016, the Company's net onshore acreage in Thailand concessions totaled 21 thousand acres. As of December 31, 2016, the Company's net acreage in the Abu Dhabi offshore Upper Zakum oil concession was 81 thousand acres. During fiscal 2016, a total of 4.5 net development wells were completed. It has development activities on the Upper Zakum 750 project.

Australia/Oceania

As of December 31, 2016, the Company's acreage holdings in Australia totaled 1.5 million net offshore acres. It has construction and commissioning activities on the Gas Conditioning Plant at Longford. As of December 31, 2016, the Company had a total of 5.0 million net acres in Papua New Guinea, of which 4.1 million net acres were offshore. The Papua New Guinea (PNG) liquefied natural gas (LNG) project integrated development includes gas production and processing facilities in the southern PNG Highlands, onshore and offshore pipelines. It also holds interest in a deepwater acreage offshore Papua New Guinea.

Company Address

Exxon Mobil Corp

5959 LAS COLINAS BLVD
IRVING   TX   75039-2298
P: +1972.4441000
F: +1972.4441505

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