Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Exxon Mobil Corporation
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
=== Main Offerings and Operations of the Company === The three main business divisions of Exxon are: '''Upstream:''' This division is responsible for providing reliable and affordable energy solutions. Exploration, development, production, and marketing are all part of the company's upstream activities. Five distinct value chains make up the upstream division: Conventional, Deepwater, LNG, Heavy Oil, and Unconventional. '''Product Solutions:''' This division is a combination of the Chemical and Downstream businesses. By combining the two, Exxon established the world’s largest integrated chemical, fuels, and lubricants company. A portfolio of well-known brands and premium goods, like its Mobil 1 synthetic lubricant, make up its downstream business area. Olefins, polyolefins, aromatics, and a wide range of other petrochemicals are all part of the Chemical segment's diverse product line. '''Low Carbon Solutions:''' Exxon has recently achieved significant progress in reducing the emissions intensity of its operational assets, and has also boosted anticipated investments in lower-emission programmes to roughly $17 billion from 2022 to 2027.<ref>https://d1io3yog0oux5.cloudfront.net/_0525f46847911a3ef8ef04b23fb23196/exxonmobil/db/2301/22049/annual_report/2022-Annual-Report.pdf</ref> [[File:Screenshot 2023-08-24 at 2.20.14 PM.png|thumb|456x456px]] '''Recent Developments:''' ExxonMobil began oil production from the Liza field offshore Guyana in late 2019. In 2020, ExxonMobil increased production of vital goods including polypropylene, which is used to manufacture protective masks, gowns, and wipes, as well as isopropyl alcohol, which is used to make hand sanitizer in reaction to the COVID-19 epidemic. In order to commercialise its enormous portfolio of low-carbon technologies, ExxonMobil established a new company in 2021. ExxonMobil Low Carbon Solutions, the newly launched company, will first concentrate on carbon capture and storage, one of the crucial technologies necessary to reach net zero emissions and the climate targets set forth in the Paris Agreement. ExxonMobil is dedicating resources to build infrastructure for capturing, moving, and storing carbon dioxide. These investments allow them to assist clients in reducing carbon footprints by sending captured carbon through pipelines to storage hubs. The company sees CCS as a significant business potential, which could drive substantial expansion for its low-carbon solutions platform.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)