Operations

Oil

We use our unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritize quality resources.

Oil operations

Aiding mobility and modern products

Oil will continue to provide the largest share of the energy mix: essential for transportation and chemicals — supplying about 55 percent of the world’s energy needs through 2040.

ExxonMobil has a long history of research in the fundamental scientific and engineering principles required to develop oil and gas. Many conventional onshore oil fields are maturing. Meeting rising energy demand requires new production from less traditional resources, like oil sands. Most of the world’s remaining reserves are owned or controlled by national governments. Only a fraction of total global oil reserves are accessible for private sector investment, with most of these accessible reserves in Canada’s oil sands. Through the responsible development of its oil sands, Canada continues to play an increasingly important role in meeting rising global energy demand.

~95%

of current transportation energy needs are met by oil

30% increase

in global energy demand for transportation projected by 2040

Energy supply evolves to meet diverse demand

Global demand by fuel - quadrillion BTUs
Energy supply evolves to meet diverse demand
Oil continues to play a leading role in the world's energy mix
ExxonMobil Oil Spill training class

Oil Spill Response Field Manual

This manual provides general oil spill response principles. It is a collection of "Rules of Thumb" and checklists that provide quick access to the information needed when formulating response strategies.

Risk management Oct. 2, 2015

PDF / 9.71 MB

marine well containment system overview

The energy industry’s joint safety venture, Marine Well Containment Company (MWCC)

In July 2010, Shell, Chevron, ConocoPhillips and ExxonMobil recognized the need to be better prepared for a deepwater well-control incident and committed to providing a new containment-response capability for the U.S. Gulf of Mexico. In turn, MWCC was formed and its Containment System provides operators in the deepwater U.S. Gulf of Mexico the well-containment technology and equipment necessary to mount an effective response to a subsea well-control incident.

Risk management Article • Sept. 12, 2018

All articles about oil

ExxonMobil announces new discovery at Longtail-3 offshore Guyana IRVING, Texas – ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1860 meters) of water by the Stena DrillMAX.

Newsroom News • June 9, 2021

Voices from Guyana

Local leaders from Georgetown, Guyana, reflect on the sense of empowerment they’re experiencing and seeing in others.

Exploration Energy Factor • Sept. 8, 2020

ExxonMobil ups Guyana recoverable resources to more than 8 billion oil-equivalent barrels, makes discovery at Uaru IRVING, Texas – ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.

Newsroom News • Jan. 27, 2020

ExxonMobil discovers oil offshore Guyana at Mako-1 well IRVING, Texas – ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.

Newsroom News • Dec. 23, 2019

Production begins in Guyana Today marks the start of a powerful new chapter in Guyana.

Oil Energy Factor • Dec. 23, 2019