ExxonMobil refining and oil products summary

ExxonMobil's position as the world's largest oil company and refiner in terms of distillation capacity remains unchallenged. Despite the large scale of operations and apparent exposure to refining margins its established focus on supply/marketing integration and refining/chemicals synergies make ExxonMobil's downstream portfolio the most efficient among its peers. In Exxon has divested hundreds of its company owned retail sites across several European markets in recent years notably the United Kingdom although many new owners have retained the Esso brand and exclusive supply agreements with Exxon.