Profile: Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

83.15USD
1 Jul 2015
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$0.78 (+0.95%)
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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. The Company is involved in the 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 a variety of specialty products. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Chirag Oil project, the Tapis Enhanced Oil Recovery project, the Damar project, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.

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, and the Woodford and Caney Shales in the Ardmore and Marietta basins of Oklahoma. In addition, gas development activities are in the Marcellus Shale of Pennsylvania and West Virginia, the Utica Shale of Ohio, the Haynesville Shale of Texas and Louisiana, the Barnett Shale of North Texas and the Fayetteville Shale of Arkansas. As of December 31, 2014, the Company’s acreage holdings in the United States totaled 14.6 million net acres, of which 1.7 million net acres were offshore. As of December 31, 2014, a total of 1,048.3 net exploration and development wells were completed in the inland lower 48 states and in Alaska. As of December 31, 2014, the Company’s net acreage in the Gulf of Mexico totaled 1.5 million acres. A total of 2.6 net exploration and development wells were completed during the year ended December 31, 2014. Development activities were completed on the deepwater Hadrian South project and the non-operated Lucius project. The Company is conducting development activities on the Heidelberg and Julia Phase I projects. Offshore California 5.0 net development wells were completed. 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 totaled 5.4 million net acres, of which 1.0 million net acres were offshore, as of December 31, 2014. A total of 89.2 net development wells were completed during the year ended December 31, 2014. In Situ Bitumen operations, the Company’s acreage holdings totaled approximately 0.7 million net onshore acres and a total of 90.0 net development wells were completed. As of December 31, 2014, the Company’s net acreage in Argentina totaled 0.9 million onshore acres, and 4.6 net exploration and development wells completed during the year.

Europe

In Germany, a total of 4.9 million net onshore acres were held by the Company, with 2.6 net exploration and development wells completed, as of December 31, 2014. In Netherlands, the Company’s net interest in licenses totaled approximately 1.5 million acres, of which 1.2 million acres were onshore, as of December 31, 2014. A total of 5.1 net exploration and development wells were completed during the year ended December 31, 2014 in Netherlands. As of December 31, 2014, the Company’s net interest in Norway totaled approximately 0.4 million acres, all offshore, with a total of 4.9 net exploration and development wells that were completed. As of December 31, 2014, the Company’s net interest in the United Kingdom totaled approximately 0.6 million acres, all offshore, with a total of 2.1 net development wells that were completed.

Africa

As of December 31, 2014, the Company’s net acreage in Angola totaled 0.4 million offshore acres, with 6.7 net exploration and development wells completed. As of December 31, 2014, the Company’s acreage holdings in Chad consisted of 46 thousand onshore acres, with 30.0 net development wells completed. As of December 31, 2014, its acreage in Equatorial Guinea totaled 0.1 million net offshore acres, with 1.5 net development wells completed. As of December 31, 2014, its net acreage in Nigeria totaled 0.8 million offshore acres, with 3.6 net exploration and development wells.

Asia

As of December 31, 2014, the Company’s net acreage in Azerbaijan totaled nine thousand offshore acres, with a total of 0.9 net development wells that were completed during the year. The Chirag Oil project was completed, and the sixth producing platform, West Chirag, started up in the year 2014. As of December 31, 2014, the Company had 1.7 million net acres in Indonesia, 1.3 million net acres offshore and 0.4 million net acres onshore, with 7.7 net development wells completed during the year. As of December 31, 2014, the Company’s onshore acreage in Iraq totaled 0.7 million net acres, with a total of 3.0 net development wells were completed at the West Qurna Phase I oil field during the year ended December 31, 2014.

As of December 31, 2014, its net acreage in Kazakhstan totaled 0.1 million acres onshore and 0.2 million acres offshore, with a total of 1.2 net development wells were completed during the year. As of December 31, 2014, in Malaysia, the Company had interests in production sharing contracts covering 0.2 million net acres offshore, with a total of 4.5 net development wells that were completed. The Company is conducting the Tapis Enhanced Oil Recovery and Damar projects. Through its joint ventures with Qatar Petroleum, the Company’s net acreage in Qatar totaled 65 thousand acres offshore as of December 31, 2014, with a total of 0.3 net development wells that were completed. The Company is conducting development activities on the Barzan project. The Company’s net acreage in the Republic of Yemen production sharing areas totaled 10 thousand acres onshore, as of December 31, 2014.

As of December 31, 2014, the Company’s net acreage holdings in Sakhalin totaled 85 thousand acres, all offshore, with a total of 1.2 net development wells that were completed during the year. The Company is conducting development activities on the Arkutun-Dagi project, and the Odoptu Stage II project in Sakhalin. As of December 31, 2014, 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, 2014, the Company’s net onshore acreage in Thailand concessions totaled 21 thousand acres. As of December 31, 2014, the Company’s net acreage in the Abu Dhabi offshore Upper Zakum oil concession totaled 81 thousand acres. During the year ended December 31, 2014, a total of 1.7 net development wells were completed. The Company is engaged in the development activities on the Upper Zakum 750 project.

Australia/Oceania

As of December 31, 2014, the Company’s acreage holdings in Australia totaled 1.7 million net acres, of which 1.6 million net acres were offshore. During the year ended December 31, 2014, a total of 3.8 net exploration and development wells were completed. The Company is engaged in the construction activities on the Gas Conditioning Plant at Longford. The Company is engaged in the construction 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. A 15.6 million tons per year LNG facility and a 280 million cubic feet per day domestic gas plant is located on Barrow Island, Western Australia. As on December 31, 2014, the Company’s acreage in Papua New Guinea totaled 1.1 million net onshore acres with 1.6 net development wells completed during the year. The Papua New Guinea (PNG) liquefied natural gas (LNG) project integrated development includes gas production and processing facilities in the southern PNG Highlands, 6.9 million tons per year LNG facility near Port Moresby and approximately 434 miles of onshore and offshore pipelines.

Company Address

Exxon Mobil Corp

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

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