Thursday, June 20th 2019

XOM - Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM) is widely known as an energy company does in fact generate much of its revenue from crude oil and natural gas. Lesser known about the company is it also is involved in manufacturing a number of petroleum products, as well as has a significant transportation business which sells and transports those energy and petroleum products they produce and develop.

Among its many specialty petroleum products, Exxon Mobil manufactures aromatics, olefins, polypropylene plastics and polyethylene.

There are three major sectors the company works within, and those are called Upstream, Downstream and Chemicals.

The upstream sector of the company works with exploration concerning crude oil and natural gas, including its development, production and eventual selling it in the market. The unit also works on getting the most profitability it can out of the oil and gas production facilities and areas they're already working in.

For the Downstream division, they focus on the manufacturing and marketing of petroleum products. This includes distribution via a number of transportation systems set up across the globe by Exxon Mobil.

The Chemical unit of course works in the petrochemical field where they manufacture and market things like polyolefins, olefins and aromatics.

Exxon Mobil was officially incorporated in 1882, and is one of the largest companies in the world today.
Company Name:
Exxon Mobil
Stock Symbol / Ticker:
United States

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