As of January 2024 Exxon Mobil has a market cap of $394.36 Billion. This makes Exxon Mobil the world's 19th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.
History
ExxonMobil is one of the largest publicly traded petroleum and petrochemical enterprises in the world. It has a rich history that dates back to the late 19th century. In 1870, John D. Rockefeller and his associates formed the Standard Oil Company (Ohio), which became the holding company for all companies previously grouped in the trust. Over the years, Standard Oil Co. purchased a three-quarters interest in Vacuum Oil Company, which introduced a number of popular products, including the revolutionary Gargoyle 600-W Steam Cylinder Oil. In 1911, following a landmark U.S. Supreme Court decision, Standard Oil broke up into 34 unrelated companies, including Jersey Standard, Socony and Vacuum Oil.
ExxonMobil’s evolution began in the U.S. as a regional marketer of kerosene and has since expanded to operate in most of the world’s countries. Today, it is best-known by its familiar brand names: Exxon, Esso and Mobil. The company makes the products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods.
Financials
As an investor, you might be interested in ExxonMobil’s financial performance and growth prospects. ExxonMobil is a global petroleum and petrochemical enterprise that provides a wide range of products and services. Their product portfolio includes building blocks for a variety of products, such as packaging materials, plastic bottles, automobile bumpers, synthetic rubber, solvents, and countless consumer goods. They offer a range of polymers, including butyl rubber, Vistalon™ ethylene propylene diene (EPDM) rubber, polyethylene products, polymer modifiers, polyolefin elastomers and plastomers, polypropylene, and Escorez™ tackifiers. ExxonMobil also provides thermoset systems that bring improvement throughout the value chain, benefiting converters and end-users.
ExxonMobil has a strong financial performance and is committed to delivering value to its shareholders. According to their official website, they have been able to achieve industry-leading returns and have advantaged growth opportunities. They have also been working to solve the “And” equation: delivering the energy and products society needs and reducing their own and others’ greenhouse gas emissions.
In addition, ExxonMobil has a history of paying dividends to its shareholders. As of Q3 2023, they declared a dividend of $0.95 per share.
CEO
The current Chairman and Chief Executive Officer (CEO) of ExxonMobil is Darren W. Woods. He has been in this position since January 1, 2017. Woods is an American businessman who has been with ExxonMobil since 1992. Prior to his current role, he ran the refining and chemical divisions of the company, which delivered the majority of ExxonMobil’s $7.8 billion net income in 2016.