What Companies are Owned by Exxon?

Exxon is one of the largest multinational oil and gas corporations in the world.

With a diversified portfolio of businesses, it’s no surprise that Exxon owns and operates several companies.

From upstream exploration and production to downstream refining and marketing, Exxon covers the entire oil and gas value chain.

Who Owns Exxon?

Currently, the majority of Exxon’s ownership comes from institutional investors—large companies and organizations that invest large sums of money into stocks.

The top holders of the company are Vanguard Group (6.1%), BlackRock (5.4%), State Street Corporation (3.7%), and Capital Research & Management Company (2.1%).

Together, these four firms own approximately 17.3% of Exxon, making them the company’s biggest shareholders.

Exxon Mobil is one of the largest publicly traded companies in the world, but who exactly owns this oil and gas titan?

The answer is that there are millions of individual and institutional investors who own shares in Exxon Mobil.

These investors range from small individual investors to large corporations and even sovereign wealth funds.

However, despite the number of shareholders, none of them own a controlling stake in the company.

Instead, the largest shareholders include investment firms like Vanguard and BlackRock, each owning around 7% of the company, but no one shareholder holds more than 10%.

So, while Exxon Mobil may have a massive presence in the global energy industry, its ownership is widely dispersed among countless individuals and organizations.

What Companies are Owned by Exxon?

Some of the notable companies under Exxon’s umbrella are listed below.

1. Imperial Oil

Imperial Oil is an integrated oil and gas company headquartered in Calgary, Alberta.

It is the Canadian affiliate of ExxonMobil and one of the country’s largest corporations.

Founded in 1880 as Imperial Oil Limited, the company has a long history in Canada’s energy sector.

Today, it operates more than 1,700 retail outlets across the country under its Esso and Mobil brands.

In addition, it owns several major oil sand mines in the Athabasca Basin as well as offshore exploration sites in Newfoundland and Labrador.

Although Imperial Oil is owned by ExxonMobil, it operates independently from its parent company.

2. Mobil

Mobil is a global oil and gas corporation that was first established in 1911 as the Socony-Vacuum Oil Company.

It was acquired by Exxon in 1999, becoming part of the ExxonMobil family.

Today, Mobil operates nearly 13,000 service stations across more than 50 countries around the world and provides fuel for millions of drivers every day.

In addition to retail operations, the company is involved in various upstream and downstream activities, from oil and gas exploration to refining and marketing.

It also produces a variety of lubricants, specialty chemicals, solvents, asphalt, and more for industrial customers.

3. XTO Energy

XTO Energy is an independent American natural gas and oil company that ExxonMobil acquired in 2009.

It operates across 18 states in the US, with a major presence in the Permian Basin and several shale plays located throughout Texas, Oklahoma, Louisiana, and Arkansas.

XTO produces more than one million barrels of oil equivalent each day from its wells and has interests in more than 25,000 gas and oil wells.

It is one of the largest producers of natural gas in North America and continues to expand its presence throughout the US through acquisitions and exploration activities.

4. Esso

Esso is a global brand of oil and gas products that was acquired by Exxon in 1972.

It operates more than 32,000 service stations around the world under various brands, including Esso, Mobil, and Exxon.

In addition to retail operations, Esso produces both mid-range and light crude oils from its offshore production sites in Norway as well as crude oil from its onshore production sites in Canada.

It is a major supplier of gasoline, diesel, heating oil, jet fuel, and lubricants to customers around the world.

When Was Exxon Founded?

The Exxon Corporation was first established in 1870 as Standard Oil Company of Ohio and it wasn’t until 1972 that the name “Exxon” was adopted.

The company has undergone a number of changes and rebranding efforts over the years but its commitment to providing energy to consumers across the globe has never wavered.

Today, Exxon continues to remain a leader in the energy industry and a household name for those who rely on oil and gas to power their daily lives.

Exxon is one of the most recognizable names in the oil and gas industry worldwide.

Who is the CEO of Exxon?

The current CEO of Exxon is Darren W. Woods, who was appointed to the role in 2017.

He joined the company in 1992 and has held several positions throughout the years including Senior Vice President and Corporate President from 2014-2017.

Under his leadership, the company has committed to diversifying its energy portfolio, investing in renewable sources such as wind and solar, and continuing to focus on providing quality products and services to its customers.

What is Exxon’s Net Worth?

As of July 2024, Exxon’s net worth stands at an impressive $446.62 billion, making it a major player in the energy industry.

Despite facing challenges over the years, Exxon has managed to stay steadfast in its pursuit of success, and its net worth is a testament to its resilience and determination.

Exxon is an American multinational corporation that operates in the oil and gas industry.

It has a rich history dating back to 1870 and has since then grown into one of the largest publicly traded companies in the world.

With its headquarters situated in Irving, Texas, the company is known for its brand name, innovative technology, and commitment to excellence.

Where is the Headquarters of Exxon?

Exxon’s headquarters is in Irving, Texas, a city situated in the Dallas-Fort Worth metroplex.

The sleek, modern headquarters building is a sight to behold, and a symbol of Exxon’s power and influence in the global oil and gas industry.

From this location, Exxon manages a vast network of operations and assets, driving growth and delivering results for shareholders around the world.

If you’re ever passing through the Lone Star State, make sure to pay a visit to the Exxon headquarters and see the heart of the company for yourself.

What is the Annual Revenue of Exxon?

In 2024, Exxon’s annual revenue was estimated to be over $331.46 billion.

Recent reports have shown that Exxon earns billions of dollars in revenue each year.

This revenue is derived from various streams, including the sale of oil, natural gas, chemicals, and other energy products.

With such a large amount of revenue coming in annually, it’s no wonder that Exxon has established itself as one of the most financially stable organizations globally.

How Many Employees Does Exxon Have?

According to recent estimates, Exxon has over 70,000 employees worldwide.

Exxon, one of the largest multinational oil and gas corporations in the world, has a massive workforce spread out across the globe.

With operations in over 50 countries, it’s no surprise that the company has a large number of employees.

However, the specific number is quite impressive.

That’s a staggering figure, and it’s a testament to the scale and complexity of the operations involved in exploring, extracting, refining, and distributing fossil fuels around the world.

Despite the challenges faced by the industry in recent years, Exxon remains a major player in the global energy market, and its dedicated and talented workforce is a key reason for its success.

Final Thoughts

Overall, Exxon is one of the leading energy companies in the world and has remained a successful business over its long history.

Through careful strategic decisions and investments, Exxon has earned a net worth of more than $446.62 billion with operations in 70 different countries.

Every year since its founding, Exxon grosses an impressive annual revenue that regularly numbers in billion dollars.

The company employs men and women from all walks of life at its offices located around the world, including at its headquarters in Irving, Texas.

By continuing to prioritize innovation and excellence in production quality, Exxon will likely remain a dominating presence for generations to come.

In the end, it can be said that although some may debate who owns Exxon – from its shareholders to its employees – everyone benefits from the success that they bring to the industry.

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