Energy and environment

Oil

We use our unique geoscience capabilities and understanding of the global hydrocarbon endowment to identify and prioritise all 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
Oil continues to play a leading role in the world's energy mix

Operations

ExxonMobil is one of the largest investors in the U.K.’s offshore oil and gas industry, having invested approximately £32.6 billion in today’s prices since first exploration in 1964.