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ENERGY & UTILITIES | Oil & Gas Production & Exploration
exxonmobil.com

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Investments

8

Portfolio Exits

8

Partners & Customers

10

About ExxonMobil

ExxonMobil (NYSE: XOM) is an international oil and gas company that provides energy that helps underpin growing economies and improve living standards around the world. The Company explores, produces and sells crude oil, natural gas and petroleum products.

ExxonMobil Headquarter Location

5959 Las Colinas Blvd.

Irving, Texas, 75039,

United States

972-444-1000

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Expert Collections containing ExxonMobil

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find ExxonMobil in 2 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

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F

Fortune 500 Investor list

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This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

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Research containing ExxonMobil

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CB Insights Intelligence Analysts have mentioned ExxonMobil in 1 CB Insights research brief, most recently on Aug 31, 2021.

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Aug 31, 2021

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Latest ExxonMobil News

ExxonMobil Announces Corporate Plans To 2027 – Supports Approximately Doubling Earnings And Cash Flow Potential, Reducing Emissi...

Dec 6, 2021

ExxonMobil said today it has finalized corporate plans, which increase spending to $15B on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and further portfolio high-grading, positioning the company to double earnings and cash flow by 2027 versus 2019. Disciplined capital investments held constant at $20-$25B per year Accelerates investments in high-return advantaged projects, greenhouse gas emission reductions New Scope 1 and Scope 2 greenhouse gas emission-reduction plans through 2030 consistent with Paris Agreement pathways The company also announced it is on track to meet its 2025 greenhouse gas emission-reduction plans by year-end 2021, four years ahead of schedule. In addition, ExxonMobil has developed more aggressive plans for further Scope 1 and Scope 2 reductions through 2030, consistent with Paris Agreement pathways. Capital Plans ExxonMobil plans to maintain capital investments in the range of $20-$25B per year through 2027 with flexibility to adjust to adverse market conditions or changes in policy and technology for low-emissions projects. “The restored strength of our balance sheet and improved financial outlook support accelerating investment in our industry-advantaged, high-return projects, and a growing list of financially accretive lower-emission business opportunities,” said Darren Woods, chairman and chief executive officer. “Our strategy is designed to create shareholder value by leveraging our competitive advantages while maintaining flexibility to respond to future policy changes and technology advances associated with the energy transition.” Projected growth of cash flow and earnings in the Upstream business results from aggressive cost reductions and progressing advantaged investments in low-cost-of-supply projects in Guyana, Brazil, and the Permian Basin in the United States. More than 90% of Upstream planned capital investments through 2027 are expected to generate returns of greater than 10% at prices less than or equal to $35 per barrel of oil equivalent, while reducing Upstream GHG emissions intensity by 40-50% through 2030, compared to 2016 levels. Downstream and Chemical earnings and cash flow growth plans are focused on high-return projects, which are expected to double the volume of valuable performance chemicals and lower-emission fuels and lubricants. The company will leverage its industry-leading manufacturing scale, integration, and technology position to high-grade its portfolio and reduce costs, while optimizing operations and leveraging the capabilities of the Low Carbon Solutions business to reduce greenhouse gas emission intensity at operated facilities. Increased cash flow and earnings enable both further debt reduction and returns to shareholders. To date in 2021, the company has repaid $11B in debt and expects to be comfortably within the range of its targeted debt–to-capital ratio of 20-25% by year-end. It has also announced a $10B share-repurchase program over 12-24 months that will commence in 2022, and it increased its annual dividend payment for the 39th consecutive year. Greenhouse Gas Emission Reduction Plans As part of its plan, ExxonMobil has committed $15B for lower-emission investments through 2027. These investments will include a balance between projects to reduce greenhouse gas emissions from existing operations and increased investments in the Low Carbon Solutions business. The same capabilities, technical strengths and market experience that support base energy and chemical businesses will help drive commercial growth opportunities for carbon capture and storage, biofuels and hydrogen where supportive policies currently exist and provide for strong returns. ExxonMobil is on track to exceed its 2025 greenhouse gas emission-reduction plans announced in December 2020. The company anticipates year-end 2021 results to show a reduction of 15-20% in greenhouse gas intensity from Upstream operations compared to 2016 levels, four years ahead of schedule. This is supported by an anticipated reduction of 40-50% in methane intensity and 35-45% in flaring intensity compared to 2016. “The focused actions we have taken have enabled us to accelerate greenhouse gas reductions particularly in the areas of methane and flaring,” said Woods. “We anticipate meeting our 2025 greenhouse gas emission-reduction plans ahead of schedule, which gives us confidence to set more aggressive medium-term goals across all of our businesses.” The new medium-term greenhouse gas reduction plans for 2030 are consistent with Paris Agreement-aligned pathways and include the following: 2030 Greenhouse Gas Emission-Reduction Plans 20-30% reduction in corporate-wide intensity 40-50% reduction in Upstream intensity 70-80% reduction in corporate-wide methane intensity 60-70% reduction in corporate-wide flaring intensity These new plans include actions that are expected to reduce absolute corporate-wide greenhouse gas emissions by approximately 20%. The company also reaffirms it plans to achieve the goals of the World Bank for zero routine flaring no later than 2030. ExxonMobil’s 2030 GHG emission-reduction plans cover Scope 1 and Scope 2 greenhouse gas emissions from assets operated by the company compared to 2016 levels. For assets not operated by the company, it will work with its equity partners and strive to achieve comparable results. Supporting materials for this press release are available on the Investor Relations page of ExxonMobil.com. (https://corporate.exxonmobil.com/Investors/Investor-relations) About ExxonMobil ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. For more information, visit exxonmobil.com. Source: Exxon Mobil Corporation

ExxonMobil Investments

8 Investments

ExxonMobil has made 8 investments. Their latest investment was in Trella as part of their Corporate Minority on July 7, 2021.

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ExxonMobil Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/28/2021

Corporate Minority

Trella

Yes

1

11/12/2018

Corporate Minority

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$99M

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10

1/4/2018

Series A

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$99M

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10

7/5/2010

Partnership

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$99M

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10

6/30/2009

Growth Equity - III

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$99M

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10

Date

7/28/2021

11/12/2018

1/4/2018

7/5/2010

6/30/2009

Round

Corporate Minority

Corporate Minority

Series A

Partnership

Growth Equity - III

Company

Trella

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

ExxonMobil Portfolio Exits

8 Portfolio Exits

ExxonMobil has 8 portfolio exits. Their latest portfolio exit was ExxonMobil - Santoprene TPV Elastomers Business on June 30, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/30/2021

Divestiture

$991

5

00/00/0000

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$991

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10

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$991

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

6/30/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

5

10

10

10

10

ExxonMobil Acquisitions

3 Acquisitions

ExxonMobil acquired 3 companies. Their latest acquisition was Federal Karyatama on April 30, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/30/2018

$991

Acquired

4

10/29/2010

Growth Equity - III

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$99M

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10

12/14/2009

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$99M

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10

Date

4/30/2018

10/29/2010

12/14/2009

Investment Stage

Growth Equity - III

Companies

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Valuation

$991

Total Funding

$99M

$99M

Note

Acquired

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Sources

4

10

10

ExxonMobil Partners & Customers

10 Partners and customers

ExxonMobil has 10 strategic partners and customers. ExxonMobil recently partnered with FuelCell Energy on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/3/2021

Partner

FuelCell Energy

United States

Carbon+Intel: FuelCell Energy, ExxonMobil extend agreement for CC technology

FuelCell Energy , Inc. , a global leader in fuel cell technology with a purpose of utilizing its proprietary , state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- has signed a six-month extension with ExxonMobil to continue collaboration on carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities and power generation .

1

11/2/2021

Partner

Pertamina

Indonesia

ExxonMobil And Pertamina To Evaluate Carbon Capture And Storage In Indonesia

The MoU strengthens a decades-long strategic partnership between ExxonMobil and Pertamina , and has the objective of advancing Indonesia 's net-zero ambitions .

6

10/5/2021

Partner

Chevron Corporation

United States

Energy majors, including Chevron and ExxonMobil, team up to promote natural gas in Asia

Energy majors , including Chevron and ExxonMobil , team up to promote natural gas in Asia

1

9/30/2021

Partner

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10

9/20/2021

Partner

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10

Date

11/3/2021

11/2/2021

10/5/2021

9/30/2021

9/20/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

FuelCell Energy

Pertamina

Chevron Corporation

Country

United States

Indonesia

United States

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News Snippet

Carbon+Intel: FuelCell Energy, ExxonMobil extend agreement for CC technology

FuelCell Energy , Inc. , a global leader in fuel cell technology with a purpose of utilizing its proprietary , state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- has signed a six-month extension with ExxonMobil to continue collaboration on carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities and power generation .

ExxonMobil And Pertamina To Evaluate Carbon Capture And Storage In Indonesia

The MoU strengthens a decades-long strategic partnership between ExxonMobil and Pertamina , and has the objective of advancing Indonesia 's net-zero ambitions .

Energy majors, including Chevron and ExxonMobil, team up to promote natural gas in Asia

Energy majors , including Chevron and ExxonMobil , team up to promote natural gas in Asia

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Sources

1

6

1

10

10

ExxonMobil Team

43 Team Members

ExxonMobil has 43 team members, including current Chief Executive Officer, President, Jean Marc Taton.

Name

Work History

Title

Status

Jean Marc Taton

Chief Executive Officer, President

Current

Philippe Ducom

President

Current

Taher Hamid

President

Current

Peter Larden

Shell, and Santos

President

Current

Kevin Murphy

President

Current

Name

Jean Marc Taton

Philippe Ducom

Taher Hamid

Peter Larden

Kevin Murphy

Work History

Shell, and Santos

Title

Chief Executive Officer, President

President

President

President

President

Status

Current

Current

Current

Current

Current

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