LOCAL ECONOMIC SNAPSHOT | ENERGY

Around the world with Exxon Mobil

By ELIZABETH SOUDER
Staff Writer businessnews@dallasnews.com

The sun never sets on the Exxon Mobil Corp. empire. The worlds largest publicly traded oil company, based in Irving, has operations on six continents and dozens of countries. Here is a taste of the scope of our hometown company:

A global giant
EUROPE The company has 6,341 retail sites including 3,944 company-owned. Norway: Exxon participated in 2.4 exploration and development wells in 2011. The company owns one refinery. Netherlands: Exxon completed 11.2 exploration and development wells in 2011. The company owns one refinery and one chemical plant. Canada: Revenue in 2011 was $34.6 billion. Exxon completed 124.2 exploration and development wells. The company owns majority stakes in four refineries and one chemical plant. Exxon has 1,813 retail sites, including 483 company-owned. United Kingdom: Exxons 2011 revenue was $34.8 billion. The company owns one refinery and one chemical plant, a 24 percent stake in South Hook LNG Terminal Co., and a 50 percent stake in petroleum additive maker Infineum Holdings. Ireland: Exxon owns Esso Ireland Ltd. Belgium: Exxons 2011 revenue in Belgium was $26.9 billion. Exxon owns one refinery, one chemical plant, and a minority stake in a second chemical plant. France: In 2011, revenue was $18.5 billion. Exxon owns a majority stake in two refineries and one chemical plant. Luxembourg: Exxon own ExxonMobil International Services. Germany: Revenue in 2011 was $17 billion, and the company completed 7.3 exploration and development wells. Exxon owns a minority share in one refinery. Italy: Revenue in 2011 was $16.3 billion. Exxon owns one refinery and a majority share of a second, as well as a 71 percent stake in Adriatic LNG.

Russia: Exxon completed 0.6 development wells in 2011 and has signed a strategic cooperation agreement with Rosneft for joint exploration and development.

Norway

Alaska Canada

Netherlands United Kingdom Ireland Belgium France Luxembourg Germany EUROPE

Russia

Azerbaijan Kazakhstan

Japan: Exxons 2011 revenue in Japan was $31.9 billion. Exxon owns a majority of shares in three refineries, a 50 percent stake in a chemical plant, and a 50 percent stake in battery separator film company Toray Tonen Specialty Separator Godo Kaisha.

United States: Japan United States MIDDLE In 2011, revenue was EAST China Italy N Iraq $150.3 billion. The Qatar Egypt Saudi company completed 2,000 miles Arabia United AFRICA 1,318 exploration and ASIA Arab Chad PACIFIC Thailand development wells in Emirates Nigeria Venezuela Texas, Arkansas, Yemen Malaysia Cameroon Colombia Oklahoma, North Equatorial Papua Dakota, Montana, Guinea LATIN Indonesia New Guinea Singapore Pennsylvania, Colorado, AMERICA Angola California, the Gulf of Mexico and Alaska. Exxon Australia has 9,009 retail sites, including 451 Argentina New company-owned. Exxon ASIA PACIFIC MIDDLE EAST Zealand owns five refineries, four Exxon has 5,333 retail sites Exxon has 630 retail sites including 465 chemical plants, and a including 1,866 company-owned. company-owned. stake in the Golden Pass China: Exxon has a minority ownership in one Azerbaijan: Exxon completed 0.5 net LNG Terminal. chemical plant, 60 percent ownership of Castle development wells in 2011. Peak Power Co., which operates a coal-fired Kazakhstan: Exxon owns a 25 percent power plant in Hong Kong, and a 25 percent interest in Tengizchevroil LLP and a 7.5 LATIN AMERICA AFRICA stake in Fujian Refining & Petrochemical Co. percent stake in the Caspian Pipeline Exxon has 1,894 Egypt: Exxon owns Thailand: Exxons net onshore acreage is 21,000 Consortium. retail sites including ExxonMobil Egypt (S.A.E.) Iraq: Exxon completed 20.8 development acres. Exxon owns a majority stake in a refinery 544 Chad: Exxon completed 28 wells in 2011. The company has and a chemical plant. company-owned. development wells in 2011. Malaysia: Exxon completed 8.5 development negotiated production sharing contracts Venezuela: Nigeria: Exxon completed wells in 2011. with the regional government of Venezuela 7.3 exploration and Singapore: Exxons 2011 revenue was $14.4 Kurdistan. expropriated development wells in 2011. billion. Exxon owns one refinery and one Saudi Arabia: Exxon owns a 50 percent Exxons assets in Cameroon: Exxon owns a chemical plant. stake in a refinery and 50 percent stakes 2007. minority stake in Cameroon in two chemical plants. Indonesia: Exxon completed 3.4 exploration Colombia: Exxon Oil Transportation wells in 2011. Qatar: Exxon completed 0.4 owns a 99.7 percent Company S.A. Papua New Guinea: Exxon completed 0.1 net development wells in 2011 and stake in ExxonMobil Equatorial Guinea: Exxon development wells in 2011 and work continued participates in 61.8 tonnes per year gross de Colombia S.A. completed 3.8 on a liquefied natural gas project. liquefied natural gas capacity. Exxon Argentina: Exxon development wells in 2011. Australia: Exxon completed 1.3 exploration wells owns a minority stake in one refinery, completed 1.3 Angola: Exxon completed in 2011 and construction continues on the United Arab Emirates: Exxon completed development wells 5.2 exploration and Gorgon LNG project. 0.6 exploration wells in 2011. in 2011. development wells in 2011. New Zealand: Exxon owns Mobil Oil New Yemen: Exxon holds 10,000 acres in Zealand Ltd. production sharing.

Exxons oil production

(Thousands of barrels daily) Region U.S. Canada/ South America Europe Africa Asia Australia/ Oceania 2010 408 263 335 628 730 58 2011 423 252 270 508 808 51

Exxons natural gas production

(Millions of cubic feet daily) Region U.S. Canada/ South America Europe Africa Asia Australia/ Oceania 2010 2,596 569 3,836 14 4,801 332 2011 3,917 412 3,448 7 5,047 331

Significant revenue sources

The companys total 2011 global revenue was $486 billion. Some major sources:
Country U.S. United Kingdom Canada Japan Belgium France Germany Italy Singapore $34.8 $34.6 $31.9 $26.9 $18.5 $17 $16.3 $14.4
(Revenue figures in billions of dollars)

Portion of Exxon Mobils 2011 revenue $150.3

SOURCES: Exxon filings; Reuters; Bloomberg News; ESRI

The bottom line

The shale business has really changed the game not only in terms of the risk and the technology of the business, but also how you measure the business. Its become much more of a manufacturingoriented business, and reserves are essentially looked at as almost inventory. Bruce Bullock, director of Southern Methodist Universitys Maguire Energy Institute We would have expected economic recovery to have been stronger than it has been. That has clearly had a downward effect on natural gas prices in North America These low domestic gas prices are having an effect on our unit profitability. Exxon has been investing in shale production in politically stable places, such as North America. But here at home, the company has run into low natural gas prices. Could exports be the answer?

Rex Tillerson, chief executive of Exxon Mobil Corp., at 2011 annual meeting

Elizabeth Souder, staff writer, The Dallas Morning News