ExxonMobil Mission Statement

Company: ExxonMobil
CEO: Darren W. Woods
Year founded: 1882
Headquarter: Irving, Texas
Employees: 63,000
Type: Public
NASDAQ Symbol: XOM
Market Cap (Sept 2022): $383.08 billion
Annual Revenue (FY2021): $278.9 billion
Profit | Net income (FY2021): $23.04 billion

Did you know? Aviation companies used synthetic fuel in many significant events and incidents. The Wright Brothers used Exxon’s lubricant and fuel on their first flight. The fuel was used in many other aviation, including the solo flight of Amelia Earhart across the Atlantic. The first commercial trans-Atlantic flight of PanAm from New York to London also used ExxonMobil.

ExxonMobil Chemical is the leading chemical corporation in the world. Founded in 1882, the company comprises many facilities converting natural gas and crude oil into petrochemical feedstock. The converted oil or petrochemical feedstocks are used in various electronics, medical equipment, clothing, tires, vitamin capsules, and other products.

Over the years, the renowned chemical corporation has expanded its business division across extraction, discovery, refining, and gas and oil sales. It has become one of the largest chemical manufacturers in the world, making industrial solvents, synthetic rubbers, and industrial alcohols.

ExxonMobil holds a leadership position in the highest-growth and largest-growth commodity chemical products. The product solution corporation has immense manufacturing capacity in major world regions. It serves large, growing industries and markets.

The revenue of ExxonMobil is $278 billion.

Table of Contents

“Being the world’s premier petroleum and chemical manufacturing company.”

ExxonMobil’s mission statement signifies its goal to lead the chemical and petroleum company. The brief statement shows the company’s determination to become a top player since it was founded in 1999. Here is the analysis of ExxonMobil’s mission statement.

Mission Statement Analysis

Maintaining a Global Presence

ExxonMobil is one of the chemical corporations that have shown an impeccable growth speed within the industry. Its rapid growth characterizes its potential to overcome challenges. The statement reveals ExxonMobil’s commitment to rising high and sustaining consistent growth. This is why ExxonMobil has become the seventh largest chemical-producing corporation worldwide.

ExxonMobil produces approximately LNG’s 23 MTA globally through its LNG ventures and affiliates. The company delivers LNG suppliers to more than 30 countries, adding to its global presence.

Moreover, ExxonMobil Product Solutions integrate its operations with its refining operations within one complex. When combined with the company’s technology network centers, the world-scale manufacturing sites help ExxonMobil provide the suitable capacity to meet customers’ preferences in various regions.

Manufacturing Quality Petrochemical Products

ExxonMobil’s mission statement indicates the company‘s aim to manufacture and provide premium quality petrochemical products. Due to its expanding global reach and high quality, the leading chemical company has proven its capacity and ability to thrive and expand its business operations in a dynamic environment.

The company adheres to a strict Quality Management System to ensure consistency in all the products. It helps ExxonMobil drive quality improvements. The Quality Management System covers everything from product manufacturing development and training to distribution and customer feedback.

The statement shows that ExxonMobil understands the growing standards and expectations of customers. That is why it makes it evident through its mission statement that quality consistency is critical for the company.

It knows there are no shortcuts to providing customers with reliable, dependable, and quality products. ExxonMobil has ensured and extended its presence virtually in all world regions. The company’s business model ensures everyone can access cost-effective, quality petroleum and related products.

This is how ExxonMobil satisfies its components in the mission statement.

ExxonMobil Vision Statement/Who We Are

“To help safely and responsibly meet the world’s growing needs for energy and high-quality chemical products.”

While it is not ExxonMobil’s official vision statement, it indicates what the company considers vital for maintaining its business operations and global value. The company follows its bigger purpose and desire to impact the communities. The statement has the following components.

Providing Energy Innovations

The statement reveals ExxonMobil’s purpose to become a solution to the evolving chemical products needs of the world. The leading chemical company provides the world’s access to petroleum and energy products while ensuring human mobility, comfort, social progress, and economic prosperity.

Over the years, it has touched all modern life aspects. The company has evolved from a small regional producer of kerosene to a reliable chemical and energy innovator. ExxonMobil has become the largest publicly traded corporation in the world.

Upgrading Environment and Communities

The statement signifies ExxonMobil’s objective to supply the world with affordable, clean, and safe fuel. This desire is followed by the company’s commitment to contributing to the wellness of the community and people. ExxonMobil aims to achieve this by creating a sustainable environment and working with various communities.

ExxonMobil Core Values/Guiding Principles

ExxonMobil works with broad guiding principles to help create a welcoming and progressive culture and build a strong relationship with communities and employees.

The company shows its commitment to improving its long-term value through these principles. The principle of running operations responsibly helps ExxonMobil make superior returns.

Another guiding principle is hiring qualified people and providing them with a safe work environment characterized by trust, fair treatment, and open communication.

ExxonMobil also focuses on:

Inclusion and diversity
Human rights
Safety
work flexibility to promote a great work culture.

The company exploits its guiding principles to provide affordable energy to global markets. These principles have been vital in creating a progressive and unique culture. They also ensure that everyone complies with work ethics and respects each other to contribute to the growth of the chemical corporation.

References & more information