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)
Total Revenue	276,692 billion EUR
Stock Exchange	Bijv. Tokyo, Amsterdam
Key People	Darren W. Woods, Chairman and CEO
Number of Employees	63.000
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

Management Committee

Name	Function	Remuneration x1000EUR
Darren W. Woods	Chairman and Chief Executive Officer (CEO)	Unknown
Neil A. Chapman	Senior Vice President	Unknown
Kathryn A. Mikells	Senior Vice President and Chief Financial Officer	Unknown
Jack P. Williams	Senior Vice President	Unknown

Board of Directors

Name	Function	Remuneration x1000EUR
Michael J. Angelakis	Chairman	Unknown
Susan K. Avery	Director	Unknown
Angela F. Braly	Director	Unknown
Ursula M. Burns	Director	Unknown
Kenneth C. Frazier	Director	Unknown
Gregory J. Goff	Director	Unknown
Kaisa H. Hietela	Director	Unknown
Joseph L. Hooley	Director	Unknown
Steven A. Kandarian	Director	Unknown
Alexander A. Karsner	Director	Unknown
Jeffrey W. Ubben	Director	Unknown
Darren W. Woods	CEO and Director	Unknown

Audit Committee

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

Main Activites

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.

Government

ExxonMobil does not have royal status. ExxonMobil has not received NOW support from the Dutch government.

Paris Agreement until 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.

Financial Results since 2015

The table below depicts the financial situation of ExxonMobil's global activities. All financial data is converted from US Dollars to Euros.

Financial situation

Year	Revenue	Profit	Dividend
2015	246,58 billion EUR	15,35 billion EUR	11,49 billion EUR
2016	214,84 billion EUR	7,45 billion EUR	11,83 billion EUR
2017	232,20 billion EUR	18,73 billion EUR	12,35 billion EUR
2018	275,77 billion EUR	19,80 billion EUR	13,11 billion EUR
2019	275,77 billion EUR	13,63 billion EUR	13,90 billion EUR
2020	169,69 billion EUR	21,32 (loss) EUR	14,13 billion EUR
2021	262,87 billion EUR	21,89 billion EUR	14,18 billion EUR

Scandals and controversies

Any dirt on the companies can be added here.

Current Emissions

Total emissions XXX Megatonnes of CO₂ (2020)

Scope 1	Scope 2	Scope 3
XXX Megatonnes of CO2 (2020)	XXX Megatonnes of CO2 (2020)	XXX Megatonnes of CO2 (2020)

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

Climate Policy and Plans

Early 2021, ExxonMobil announced their ambition to achieve net-zero Scope 1 and 2 greenhouse gas emissions from their operations by 2050. They aim to reach this goal by developing detailed emission-reduction roadmaps for each major operating asset. ExxonMobil stated that these roadmaps include energy efficiency measures, methane mitigation, equipment upgrades, and the elimination of venting and routine flaring. Further opportunities lie in power and steam co-generation and electrification of operations, using renewable or lower-emission power. Their net-zero ambition builds on the company's 2030 emission-reduction plans, which include reaching net-zero greenhouse gas emissions in their Permian Basin operations, which account for more than 40% of ExxonMobil's net U.S. oil and natural gas production, by 2030, and ongoing investments in lower-emission solutions, including carbon capture and storage, hydrogen, and biofuels. ExxonMobil had previously identified a 2025 target that included a 15-20% reduction in greenhouse gas intensity of their Upstream operations, a 40-50% reduction in methane intensity and a 35-45% reduction in flaring intensity. These targets were met in 2021, four years ahead of schedule. It is not mentioned against what base year these targets were measured.

ExxonMobil plans to:

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

Response to Milieudefensie's campaign

On April 14, the works council of ExxonMobil in The Netherlands responded to Milieudefensie's letter saying that they have had consultations with the management of Esso The Netherlands and endorse the position taken by the company's board of directors.

The same day, Esso The Netherlands sent a letter stating their support for the ambition of the Dutch government to aim for net-zero emissions by 2050. Michielsen, the company's president-director, states that Esso The Netherlands aims to achieve net-zero scope 1 and 2 emissions from its Rotterdam factories by 2050 and takes a "considered approach, aimed at developing comprehensive roadmaps, to reduce emissions". He lastly states that the company wants to reduce total emissions (scope 1, 2 and 3) by deploying technology and providing products that help reduce emissions, and collaborating with government, industry, and other stakeholders on public policies necessary for the developments, applications, and investments needed to help meet society's aspirations for a lower-carbon future.

Due Diligence

Keep the broader context in mind. Is the company integer when it comes to deforestation, palm oil, biodiversity, human rights etc etc? Be critical in the sources used here.