2019 list of the leading U.S. oil and gas companies based on revenue

In 2019, ExxonMobil generated 275.54 billion U.S. dollars in revenue, more than any other oil and gas company in the United States. ExxonMobil’s revenue was significantly higher than its competitors, earning over 100 billion U.S. dollars more than Chevron, which ranked second that same year.

Exxon Mobil’s main operations and locations

Based in Irving, Texas, ExxonMobil is consistently ranked as one of the largest companies worldwide in terms of revenue. The company has early origins in John D. Rockefeller’s Standard Oil Company from the 1880s but became the entity it is today when two major oil companies, Exxon and Mobil, merged in 1999. ExxonMobil is the leading global oil refiner, with refineries in 21 countries. The majority of the company’s refining capacity is in North America and Europe.

Two decades of cutbacks

Following a staggering decline in revenue from 2011 to 2016, ExxonMobil’s refining capacity had likewise reduced across the globe, with the most substantial cuts in the Asia-Pacific region. In the same time period, the company also saw a major reduction in its proved reserves of natural gas, its largest product segment. Meanwhile, the number of employees at ExxonMobil has incrementally decreased by over 20,000 workers since the turn of the millennium.