ExxonMobil

ExxonMobil Corporation
Quick Facts
Type	Public
Industy	Oil and Gas
Headquarters (Benelux Organization)	Breda, the Netherlands
Year of Origin	1987
Emissions (All Scopes)	112 Megatons of CO2 (2020)
Net Income	USD$178.57 billion (2020)
Key People	Darren W. Woods, Chairman and CEO
Subsidiaries	Aera Energy Exxon Neftegas ExxonMobil Australia ExxonMobil Nigeria Imperial Oil SeaRiver Maritime XTO Energy

Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). ExxonMobil's primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical. ExxonMobil is incorporated in New Jersey.

In 1987, Esso the Netherlands, Esso Belgium and Esso Luxembourg merged to form one Benelux organisation. Breda was chosen as the location of the new head office because it is situated midway between The Hague and Antwerp, where the former head offices of the Dutch and Belgian companies were based.

ExxonMobil is the oldest hydrocarbons company still operating in the Benelux.

In 1994, Mobil established a subsidiary MEGAS (Mobil European Gas), which became responsible for its Mobil's natural gas operations in Europe. In 1996, Mobil and BP merged their European refining and marketing of fuels and lubricants businesses. Mobil had 30% stake in fuels and 51% stake in lubricants businesses.

Company Structure

Board of Directors

The ExxonMobil board of directors consists of Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Gregory Goff, Kaisa Hietala, Joseph Hooley, Steve Kandarian, Alexander Karsner, Jeffrey Ubben and Darren Woods (Chief Executive Officer).

Audit Committee

The ExxonMobil Audit Committee consists of Mr. Angelakis, Ms. Burns (Chair of the Board), Ms. Hietala, Mr. Hooley.

Operations

The head office of the Benelux organization is situated in Breda. The production plants are located in the Rotterdam port area. ExxonMobil has been present in Rotterdam since 1891.

The Rotterdam Refinery processes different grades of crude oil varying from light low-sulphur to heavy high-sulphur oil. The crude oil is supplied by ship and stored at the tank farms on the Maasvlakte and in Europoort. It is transported from the tank farms to the refinery via pipelines where it is processed into a range of products, such as LPG, kerosene and diesel.

The Rotterdam Aromatics Plant is one of the largest aromatics production facilities in the world. The plant was built in 1963 next door to the refinery, from which it receives its basic raw materials. The plant is one of the few facilities in the world that can produce the entire range of aromatic hydrocarbons.

The three facilities of the Rotterdam Plasticizers & Intermediates Plant are closely integrated together and with the refinery. The fact that they are so far apart is the result of the various takeovers and acquisitions that have taken place in ExxonMobil's history. In terms of production, the facilities form a logical whole: oxo-alcohols and phthalic anhydride are both raw materials for plasticizers.

Plasticizers make 'hard' plastic soft and pliable. They are used to make products such as cables, textiles, wallpapering, carpeting, furniture and footwear flexible.

The Pernis Lubricant Plant - or Lube Oil Blending Plant - produces various types of engine oil for cars and lubricants for industrial applications. The plant only makes mineral-oil products; the synthetic lubricants for customers in the Benelux are imported from ExxonMobil plants in France and Finland.

The lubricants are transported via pipelines to inland waterway barges or tanker trucks, or they are stored in the warehouse in barrels and cans before they are collected.

Infineum, a joint venture with Royal Dutch Shell, is manufacturing and marketing crankcase lubricant additives, fuel additives, and specialty lubricant additives, as well as automatic transmission fluids, gear oils, and industrial oils.

Paris Agreement to Today

On December 13, 2016, the CEO of ExxonMobil, Rex Tillerson, was nominated as Secretary of State by President-elect Donald Trump.

In January 2017, Federal climate investigations of ExxonMobil were considered less likely under the new Trump administration.

ExxonMobil made several climate pledges: reduce methane emissions by 15% and reduce flaring by 25% by the year 2020. Canadian company 'Imperial Oil" affiliated with Exxon Mobil pledged to reduce carbon intensity by 10% by the year 2023.

On August 6, 2021, ExxonMobil's membership in the Climate Leadership Council was suspended after one of the company's lobbyists admitted that he had lobbied several senators to remove or weaken measures in the Infrastructure Investment and Jobs Act that were intended to halt climate change.

Current Policies and Emissions

ExxonMobil publishes by-division greenhouse gas emissions (net equity, CO2-equivalent emissions), in millions of tonnes:

Greenhouse Gas Emissions Performance Data

	2015	2016	2017	2018	2019	2020
Upstream	56	58	57	58	54	50
Downstream	45	45	42	42	41	40
Chemical	21	21	22	23	23	22

2050 Plan

ExxonMobil plans to:

• Absolute reduction of ~30% in greenhouse gas emissions in upstream business by 2025

Conclusion

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