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United States

Profile: Exxon Mobil Corp (XOM)

XOM on New York Consolidated

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22 Jul 2016
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Exxon Mobil Corporation, incorporated on August 5, 1882, is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Company operates through the Upstream, Downstream, Chemical, and Corporate and Financing segments. The Upstream segment operates explores for and produces crude oil and natural gas. The Downstream segment manufactures and sells petroleum products. The Chemical segment manufactures and sells petrochemicals. The Company's projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, Azeri-Chirag-Gunashli field, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.

The United States

The Company's development activities are focused 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. The Company's acreage holdings in the United States total over 14.0 million net acres, of which approximately 1.3 million net acres were offshore. A total of approximately 1,063.2 net exploration and development wells are complete in the inland lower 48 states. The Company's net acreage in the Gulf of Mexico totals 1.2 million acres. It has completed exploration and development of a total of over 3.5 wells. It has started the deepwater Hadrian South project and the Lucius project. The Company is conducting development activities on the Heidelberg and Julia Phase I projects. Its Offshore California 1.0 net development well is complete. Its participation in Alaska production and development continued with over 20.9 net development wells being complete. The Company is also conducting development activities on the Point Thomson project.

Canada/South America

In the Company's Oil and Gas Operations, the acreage holdings in Canada total approximately 6.2 million net acres, of which over 1.9 million net acres were offshore. It has completed over 11.1 net exploration and development wells. It has continued development activities on the Hebron project. In Situ Bitumen operations, the Company's acreage holdings total approximately 0.7 million net onshore acres and over 41.0 net development wells are complete. It has started the Cold Lake Nabiye Expansion project. The Company's net acreage in Argentina totals approximately 0.9 million onshore acres and has completed 1.0 net development wells.

Europe

In Germany, the Company holds a total of over 4.8 million net onshore acres and has completed exploration and development of over 0.7 net wells. In Netherlands, the Company's net interest in licenses totals approximately 1.5 million acres. A total of approximately 3.5 net exploration and development wells are complete in Netherlands. The Company's net interest in Norway total approximately 0.4 million acres, all offshore, and a total of over 6.8 net exploration and development wells are complete. The Company's net interest in the United Kingdom total approximately 0.5 million acres, all offshore, and a total of over 5.1 net development wells are complete.

Africa

The Company's net acreage in Angola totals over 0.4 million offshore acres, with 3.6 net development wells are complete. It has started On Block 15, the Kizomba Satellites Phase 2 project. It has continued On Block 32, development activities on the Kaombo Split Hub project. The Company's acreage holdings in Chad consist of over 46,000 onshore acres, with over 15.6 net development wells being complete. Its acreage in Equatorial Guinea totals approximately 0.3 million net offshore acres, with over 2.9 net exploration and development wells being complete. It has acquired deepwater acreage in Block OPL 247. It has started the deepwater Erha North Phase II project and has continued development drilling on the deepwater Usan project.

Asia

The Company's net acreage in Azerbaijan totals approximately 9,000 offshore acres, with a total of over 0.9 net development wells that are complete. The Company has approximately 0.5 million net acres in Indonesia, over 0.4 million net acres offshore and over 0.1 million net acres onshore, with approximately 3.2 net development wells being complete. The Company's onshore acreage in Iraq totals approximately 0.6 million net acres. It has continued rehabilitation activities at the West Qurna Phase I oil field.

The Company's net acreage in Kazakhstan totals over 0.1 million acres onshore and approximately 0.2 million acres offshore, with a total of approximately 3.7 net development wells being complete. In Malaysia, the Company has interests in production sharing contracts covering over 0.2 million net acres offshore, with a total of over 4.0 net development wells that are complete. Through its joint ventures with Qatar Petroleum, the Company's net acreage in Qatar totals approximately 65,000 acres offshore. The Company is conducting development activities on the Barzan project. The Company's net acreage in the Republic of Yemen production sharing areas totals approximately 10,000 acres onshore.

The Company's net acreage holdings in Sakhalin total approximately 85,000 acres, all offshore, with a total of 1.5 net development wells that are complete. The Company is conducting development activities on the Arkutun-Dagi project and the Odoptu Stage 2 project in Sakhalin. Its net acreage in the Rosneft joint venture agreements for the Kara, Laptev, Chukchi and Black Seas was approximately 63.6 million acres, all offshore. The Company's net onshore acreage in Thailand concessions totals approximately 21,000 acres. Its net acreage in the Abu Dhabi offshore Upper Zakum oil concession totals over 81,000 acres and a total of approximately 3.6 net development wells that are complete. The Company is engaged in the development activities on the Upper Zakum 750 project.

Australia/Oceania

The Company's acreage holdings in Australia total approximately 1.5 million net offshore acres. A total of over 3.1 net exploration and development wells are complete. The Company is engaged in the construction activities on the Gas Conditioning Plant at Longford. The Company is engaged in the construction and commissioning activity for the Gorgon liquefied natural gas (LNG) project. The Gorgon LNG project consists of a subsea infrastructure for offshore production and transportation of the gas, approximately 15.6 million tons per year LNG facility and approximately 280 million cubic feet per day domestic gas plant is located on Barrow Island, Western Australia. The Company's acreage in Papua New Guinea totals over 1.1 million net onshore acres with approximately 1.5 net development wells being complete. 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, and over 6.9 million tons per year LNG facility near Port Moresby.

Company Address

Exxon Mobil Corp

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

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