What Companies Does Exxon Own?

Exxon Mobil Corp. (XOM) is one of the world’s largest oil and gas companies. It traces its origins back to an oil-refining business started in 1863. The company has gone through various name changes and mergers over the years, resulting in Exxon Mobil Corp. as it is known today. Exxon Mobil’s main business operations revolve around the exploration and production of crude oil and natural gas, as well as the manufacturing, trading, and sale of various petroleum products and petrochemicals. While it no longer controls the same market share as in the past, Exxon Mobil is still a significant player in the oil and gas industry. The company has grown through internal growth and a series of acquisitions. Some notable acquisitions include XTO Energy Inc., InterOil Corp., BOPCO, Celtic Exploration Ltd., and Jurong Aromatics Corp.

Key Takeaways:

• Exxon Mobil Corp. is one of the world’s largest oil and gas companies.
• Exxon Mobil’s main operations include exploration, production, and sale of petroleum products.
• The company has grown through internal growth and a series of acquisitions.
• Notable acquisitions include XTO Energy Inc., InterOil Corp., BOPCO, Celtic Exploration Ltd., and Jurong Aromatics Corp.
• Exxon Mobil’s subsidiaries and holdings contribute to its overall business strategy.

Exxon Mobil Acquisitions

Exxon Mobil has strategically expanded its portfolio through a series of acquisitions in recent years, solidifying its position in the energy industry. One major acquisition was XTO Energy Inc., a prominent natural gas and oil company purchased in 2009 for a staggering $41 billion. This acquisition allowed Exxon Mobil to enhance its capabilities in the exploration and production of natural gas, a valuable resource in today’s energy landscape.

In 2017, Exxon Mobil made another notable acquisition by purchasing InterOil Corp., an oil and gas company focused on Papua New Guinea, for $2.7 billion. This acquisition granted Exxon Mobil access to valuable reserves in the Asia-Pacific region, further diversifying its portfolio and strengthening its global presence.

Furthermore, Exxon Mobil acquired BOPCO, previously owned by the Bass family, for $6.6 billion in 2017. This acquisition added 250,000 acres of leasehold in the Permian Basin, one of the most productive oil and gas regions in the United States. By expanding its holdings in this lucrative area, Exxon Mobil positioned itself for substantial growth in domestic production.

Exxon Mobil Acquisitions Overview:

Acquired Company	Year of Acquisition	Acquisition Cost (in billions)
XTO Energy Inc.	2009	41
InterOil Corp.	2017	2.7
BOPCO	2017	6.6

In addition to these acquisitions, Exxon Mobil also acquired Celtic Exploration Ltd., an oil and gas exploration company based in Canada, for $2.52 billion in 2013. This further expanded Exxon Mobil’s presence in North America and allowed the company to tap into Canada’s vast energy reserves.

These strategic acquisitions have enabled Exxon Mobil to diversify its operations geographically and across various sectors of the energy industry, encompassing exploration, production, refining, and marketing. By expanding its portfolio through strategic acquisitions, Exxon Mobil has solidified its position as a global leader in the oil and gas industry.

Exxon Mobil Subsidiaries and Holdings

Exxon Mobil Corporation, one of the world’s leading oil and gas companies, boasts a wide range of subsidiaries and holdings that contribute to its global presence in the energy sector. These subsidiaries play a vital role in the company’s overall business strategy, enabling it to maintain a strong position in the industry.

Among the notable Exxon Mobil subsidiaries are Exxon Neftegas, ExxonMobil Australia, ExxonMobil Nigeria, Imperial Oil, SeaRiver Maritime, and XTO Energy. These companies are involved in various aspects of the oil and gas sector, including exploration, production, refining, and marketing. Their collective efforts support Exxon Mobil’s diverse operations and contribute to its success.

Exxon Mobil also holds significant stakes in other companies, such as Aera Energy LLC, Al-Jubail Petrochemical Company, and Caspian Pipeline Consortium. These strategic holdings further enhance the company’s portfolio and allow for valuable collaborations within the energy industry.

Through its subsidiaries and holdings, Exxon Mobil demonstrates a global reach and a commitment to innovation and growth. These entities contribute to the company’s ability to adapt to market dynamics and continue delivering value to its shareholders and customers.