Global 500
Exxon MobilRANK11
ExxonMobil, America’s largest publicly traded oil company, faced a challenging 2019. CEO Darren Woods pinned the problem squarely on low oil prices. The company earned $14.3 billion—a 31% drop in profits year-on-year—as debt levels rose by 24%; its investments, meanwhile, ran into oversupplied markets across its supply chain. Exxon did benefit from a divestment of production assets in Norway, and it dramatically ramped up its U.S. shale output. But the oil crash in early 2020 caused further headaches: for Q1, Exxon announced its first quarterly loss in more than three decades.
Lists ranking Exxon Mobil
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Latest news for Exxon Mobil
- Energy‘Risky and dangerous’: Energy industry body IEA sounds the alarm on oil demand and even uses the P-wordOctober 13, 2020 12:33 PM UTC
- FinanceFrom Disney to Shell, companies announced tens of thousands of job cuts over just one dayOctober 1, 2020 7:29 AM UTC
- NewslettersInclusion in the Dow does not guarantee a bump to your share priceAugust 27, 2020 10:25 AM UTC