Insight
ExxonMobil global downstream strategy
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ExxonMobil's downstream business has always been a key portfolio strength. Holding close to 6 million b/d of distillation capacity, the company is the world's largest refiner with a strong foothold in North America, Europe and Asia. Integration with a peer-leading chemicals business is a core differentiator. Downstream became increasingly important to ExxonMobil's financial performance during the oil price crash, generating much-needed cash flow and positive earnings. The business accounted for around two-thirds of ExxonMobil's earnings in 2017. Earnings have been relatively stable over the past decade, offering stability and hedging protection in times of oil price volatility. While the rest of the industry chose to reduce exposure to downstream, ExxonMobil continued to invest and grow operations. We believe vertical integration will continue to play an important role in ExxonMobil's strategic decision-making and will be vital to delivering sustainable double-digit returns.
Table of contents
-
SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
-
Refining
- International Maritime Organisation regulation changes
- Chemicals
- Marketing
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Insight
Porthos – Rotterdam’s refining saviour?
We study how CCS can positively impact the northwest European refining industry by assessing the Porthos CCS project.
$900
Insight
How will Article 6 reshape the carbon offset market?
Expectations on Article 6.4 for COP28
$1,150
Insight
COP28: methane-related expectations
With methane set to take centre stage in discussions on emissions reduction at COP 28, we highlight our three key methane expectations.
$1,150
