Energy and environment

Oil

We use our unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritize quality resources.

Oil operations

Aiding mobility and modern products

Oil will continue to provide the largest share of the energy mix: essential for transportation and chemicals — supplying about 55 percent of the world’s energy needs through 2040.

ExxonMobil has a long history of research in the fundamental scientific and engineering principles required to develop oil and gas. Many conventional onshore oil fields are maturing. Meeting rising energy demand requires new production from less traditional resources, like oil sands. Most of the world’s remaining reserves are owned or controlled by national governments. Only a fraction of total global oil reserves are accessible for private sector investment, with most of these accessible reserves in Canada’s oil sands. Through the responsible development of its oil sands, Canada continues to play an increasingly important role in meeting rising global energy demand.

~95%

of current transportation energy needs are met by oil

30% increase

in global energy demand for transportation projected by 2040

Energy supply evolves to meet diverse demand

Global demand by fuel - quadrillion BTUs
Energy supply evolves to meet diverse demand
Oil continues to play a leading role in the world's energy mix
ExxonMobil Oil Spill training class

Oil Spill Response Field Manual

This manual provides general oil spill response principles. It is a collection of "Rules of Thumb" and checklists that provide quick access to the information needed when formulating response strategies.

Risk management Oct. 2, 2015

PDF / 9.71 MB

marine well containment system overview

The energy industry’s joint safety venture, Marine Well Containment Company (MWCC)

In July 2010, Shell, Chevron, ConocoPhillips and ExxonMobil recognized the need to be better prepared for a deepwater well-control incident and committed to providing a new containment-response capability for the U.S. Gulf of Mexico. In turn, MWCC was formed and its Containment System provides operators in the deepwater U.S. Gulf of Mexico the well-containment technology and equipment necessary to mount an effective response to a subsea well-control incident.

Risk management Article Sept. 12, 2018

All articles about oil

ExxonMobil proceeds with Argentina expansion project in Vaca Muerta Basin IRVING, Texas – ExxonMobil said today it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries.

Newsroom News June 11, 2019

ExxonMobil, partners to redevelop Angola Block 15 to increase production IRVING, Texas – ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest.

Newsroom News June 5, 2019

ExxonMobil Permian development to provide $64 billion in benefits to New Mexico: Study IRVING, Texas – ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements.

Newsroom News May 17, 2019

ExxonMobil to proceed with Liza Phase 2 development offshore Guyana IRVING, Texas – ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025.

Newsroom News May 3, 2019

ExxonMobil announces 13th discovery offshore Guyana IRVING, Texas – ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub.

Newsroom News Apr. 18, 2019