Global Upstream portfolio

ExxonMobil’s high-quality portfolio, investment discipline, and operational excellence have delivered industry-leading results for decades. We have a globally diverse inventory of nearly 100 projects spanning all development types. We continue to advance these opportunities selectively, focusing on those that provide the most attractive returns. For producing assets, we maximize value by focusing on reliability, cost reductions, and improved recovery.

Report Apr. 3, 2018

IN THIS ARTICLE

Global Upstream portfolio

Production volumes

We produced 4 million net oil-equivalent barrels per day in 2017.

We continue to focus our portfolio on higher-margin barrels. In 2017, our total production was 57 percent liquids and 43 percent natural gas. Our successful exploration activities, strategic acquisitions, and new project developments will further strengthen the portfolio to drive future value growth.

Total net production of 4 million oil-equivalent barrels per day exceeds competition.
Upstream produced in Kashagan

Key activities to bring on new volumes in 2018 include ramp-ups at Odoptu Stage 2, Upper Zakum, and Hebron; continued global drilling programs; and start-up of Angola Block 32 Kaombo. We also plan aggressive development of our large, liquids-rich unconventional resources in the United States, with a focus on the Permian Basin and Bakken formation. We have a deep inventory of opportunities in these tight-oil plays that yield attractive returns at prices below $40 per barrel.

Kashagan islands
Photo — Kashagan Phase 1 includes an offshore production and separation hub on an artificial island, several drilling islands, and an onshore processing plant.

Upstream statistical information

Related content

Upstream opportunity captures

Integration of technical and commercial expertise enables ExxonMobil to identify and capture the highest-quality opportunities via strategic acquisitions and an active exploration program.

Digital Annual Report Report Apr. 3, 2018

Upstream portfolio tables

Upstream portfolio

Data Apr. 3, 2018

2017 Financial and Operating Review

ExxonMobil’s long-term strategies and our unwavering commitment to the highest standards of integrity underpin everything we do. The company’s core business strategies provide the framework for the organization to deliver on its commitments and create shareholder value throughout the commodity price cycle.

Digital Annual Report Report Apr. 3, 2018