ExxonMobil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

ExxonMobil M&A Summary

ExxonMobil has acquired 10 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 7 assets.

ExxonMobil’s largest acquisition to date was in 1999, when it acquired Mobil for $81.0B. It’s largest disclosed sale occurred in 2019, when it sold Exxon Mobil - Upstream Operations to for $4.5B. ExxonMobil has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (90%) and chemicals (10%).

ExxonMobil Business Overview

Where is ExxonMobil headquartered?

ExxonMobil is headquartered in Spring, Texas.

What is ExxonMobil’s revenue?

ExxonMobil disclosed revenue of 334,697M USD for 2023 and 398,675M USD for 2022.

How many employees does ExxonMobil have?

ExxonMobil has 62,000 employees.

What sector is ExxonMobil in?

ExxonMobil is an oil/gas exploration company.

When was ExxonMobil founded?

ExxonMobil was founded in 1870.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity10
    • M&A Sell Activity7
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

ExxonMobil

Exxon Mobil Corp.

22777 Springwoods Village Parkway,
Spring, Texas 77389
United States,
(972) 940-6000
corporate.exxonmobil.com

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Spring, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 - - - 2 - 10
vol $129.0B $69.4B $198.4B
Sell (0.4/yr) # 5 - 1 1 - - 7
vol $5.1B $1.0B $310M $6.4B
  17

Most Recent M&A

Company Date Value Type
Pioneer Natural Resources Co. 2023-10-11 64.5B USD Merger
Irving, Texas · www.pxd.com
Denbury Inc. 2023-07-13 4.9B USD Add-on Acquisition
Plano, Texas · www.denbury.com
ExxonMobil Billings Refinery and Associated Marketing and Logistics Assets 2022-10-20 310M USD Divestiture
, Texas
Exxon Mobil Corp. - U.K. upstream central and northern North Sea assets 2021-02-24 1.0B USD Divestiture
, United Kingdom
Exxon Mobil Corp. - Upstream Operations 2019-09-25 4.5B USD Divestiture
, Texas
InterOil Corp. 2016-07-21 2.5B USD Add-on Acquisition
Singapore, Singapore · www.interoil.com
Chalmette Refining LLC 2015-06-18 322M USD Divestiture
Chalmette, Louisiana · www.chalmetterefining.com
Hong Kong Pumped Storage Development Co.,Ltd. 2014-05-12 258M HKD Stake Sale
Hong Kong, China
Exxon Mobil Corp. - Esso Card Program 2013-11-08 - Divestiture
, United Kingdom · www.essocard.com
BOPP Films Business 2012-10-29 - Divestiture
Macedon, New York
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
ExxonMobil Energy Ltd.    - Aera Energy LLC 2022-09-01 2
Hong Kong, China Bakersfield, California · www.aeraenergy.com
Esso Norge AS    - Esso Norge AS - Retail Petrol Station Network 2017-02-07 1
Sandnes, Norway · www.exxonmobil.no Sandnes, Norway
ExxonMobil Energy Ltd.    - Castle Peak Power Co.,Ltd. 2014-05-12 1
Hong Kong, China Hong Kong, China
XTO Energy, Inc.    - Linn Energy LLC - Appalachian Properties 2008-07-01 3
Forth Worth, Texas · www.xtoenergy.com , Texas

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 9 (90%) 198.4B (100%) 3 (43%) 5.8B (91%)
Chemicals 1 (10%) - 1 (14%) -
Business Services - - 2 (29%) 258M (4%)
Energy Services and Equipment - - 1 (14%) 322M (5%)
Total 10 $198.4B 7 $6.4B

By Geo

State/Country Buy Value Sell Value
United States 8 193.7B 4 5.1B
  Texas 4 110.4B 2 4.8B
  Virginia 1 81.0B - -
  North Dakota 1 1.6B - -
  Colorado 1 695M - -
  New York - - 1 -
  Louisiana - - 1 322M
United Kingdom - - 2 1.0B
Canada 1 2.2B - -
  Alberta 1 2.2B - -
China - - 1 258M
Singapore 1 2.5B - -
Domestic 8 (80%) 193.7B (98%) 4 (57%) 5.1B (80%)
Cross-border 2 (20%) 4.7B (2%) 3 (43%) 1.3B (20%)
Total 10 $198.4B 7 $6.4B

Top M&A Advisors

Financial Deals
Centerview Partners
1
Citigroup Investment Banking
1
Legal Deals
Davis Polk & Wardwell
2
Blake, Cassels & Graydon
1

Deal Values

buy # Total
> $1B 7 $197.7B
$100M to $1B 1 $695M
TOTAL $198.4B
Largest Mobil Corp.
$81.0B (1999-11-30)
sell # Total
> $1B 2 $5.5B
$100M to $1B 3 $890M
TOTAL $6.4B
Largest Exxon Mobil Corp. - Upstream Operations
$4.5B (2019-09-25)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
10%
1 (10%)
Divested to
Strategic(s)
86%
6 (86%)

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