ExxonMobil Holdings Corporation
ExxonMobil Holdings Corporation engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally. The company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. Its Chemical Products segment manufactures and sells olefins, polyolefins, and intermediates. The Specialty Products segment offers finished lubricants, basestocks, waxes, synthetics, elastomers, and resins. It is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and pursuit of lower-emission and business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data center, and lithium. In addition, the company offers aviation fuel. It sells its products under the Exxon, Esso, and Mobil brands. The company was formerly known as Exxon Mobil Corporation and changed its name to ExxonMobil Holdings Corporation in July 2026. ExxonMobil Holdings Corporation was founded in 1870 and is headquartered in Spring, Texas.
What does it do?
Exxon Mobil is one of the largest oil and gas companies on the planet. They find oil and natural gas underground, pump it out, refine it into petrol and diesel, and sell it to fuel cars, planes, ships, and factories. They also make chemicals that end up in everyday products like plastics, packaging, and cleaning products. Think of them as the company behind the scenes every time you fill up your car or buy something in a plastic bottle.
Exxon is one of the most widely held stocks in the world, meaning its performance ripples through millions of retirement accounts and index funds. Oil prices are driven by global conflict, OPEC decisions, and economic growth — so Exxon acts as a kind of barometer for the health of the global economy. Right now, investors are watching closely as the energy transition debate intensifies and Exxon bets big that oil demand will stay strong for decades to come.
How does it make money?
Exxon makes money across four main areas. The biggest is its Upstream division — finding and pumping crude oil and natural gas, which is where most profits come from when oil prices are high. Its Energy Products segment refines that crude into fuels like petrol and jet fuel, earning a margin on the difference between raw oil cost and refined product price. Chemical and Specialty Products round things out, selling materials used in manufacturing. In its latest year, Exxon generated $332 billion in revenue and $28.8 billion in net profit — though that's down from $349.6 billion the prior year, largely due to falling oil prices.
Why do investors care?
Investors are drawn to Exxon for two reasons: income and scale. Exxon has paid — and grown — its dividend for over 40 consecutive years, making it a favourite for investors who want steady cash payouts. The growth story centres on its massive oil discovery in Guyana, one of the biggest finds in decades, plus its $60 billion acquisition of Pioneer Natural Resources in 2024 which dramatically expanded its US shale footprint. For the thesis to work, oil prices need to stay elevated enough to fund dividends, buybacks, and new projects while the world slowly — not quickly — transitions away from fossil fuels.
Deep Dive
MemberA full investor briefing on ExxonMobil Holdings Corporation — history, leadership, risks, and outlook.