3 unchanged sentences
manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a wide variety of specialty products;
−Removed: and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels, and lithium.
+Added: and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima TM systems, carbon materials, and lithium.
Affiliates of ExxonMobil conduct extensive research programs in support of these businesses.
−Removed: Exxon Mobil Corporation has several divisions and hundreds of affiliates, many with names that include ExxonMobil , Exxon , Esso, Mobil or XTO .
+Added: Exxon Mobil Corporation's divisions and affiliates have many names, including ExxonMobil , Exxon , Esso, Mobil or XTO .
For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso, Mobil, and XTO , as well as terms like Corporation , Company , our , we, and its , are sometimes used as abbreviated references to specific affiliates or groups of affiliates.
The precise meaning depends on the context in question.
−Removed: In October 2023 the Corporation entered into a merger agreement with Pioneer Natural Resources Company (Pioneer), an independent oil and gas exploration and production company, in exchange for ExxonMobil common stock.
−Removed: The transaction is currently expected to close in the second quarter of 2024, subject to regulatory approvals.
−Removed: For additional information, see "Note 21:
−Removed: Mergers and Acquisitions" in the Financial Section of this report.
+Added: On May 3, 2024, the Corporation acquired Pioneer Natural Resources Company (Pioneer), an independent oil and gas exploration and production company.
+Added: With reference to the acquisition, we issued 545 million shares of ExxonMobil common stock having a fair value of $63 billion on the acquisition date, and assumed debt with a fair value of $5 billion.
+Added: The acquisition transforms ExxonMobil’s upstream portfolio, creating an industry-leading, high-quality U.S.
+Added: unconventional inventory position.
+Added: For additional information, see Note 21 in the Financial Section of this report.
The energy and petrochemical industries are highly competitive, both within the industries and also with other industries in supplying the energy, fuel, and chemical needs of industrial and individual consumers.
4 unchanged sentences
Business Results ” and Note 18 .
−Removed: Disclosures about Segments and Related Information”.
Information on oil and gas reserves is contained in the “ Oil and Gas Reserves ” part of the “Supplemental Information on Oil and Gas Exploration and Production Activities” portion of the Financial Section of this report.
9 unchanged sentences
Compensation, benefits, and workplace programs support the Corporation's talent management approach, and are designed to attract and retain employees for a career through compensation that is market competitive, long-term oriented, and highly differentiated by individual performance.
−Removed: Over 60 percent of our global employee workforce is from outside the U.S., and over the past decade 39 percent of our global hires for management, professional and technical positions were female and 37 percent of our U.S.
−Removed: hires for management, professional and technical positions were minorities.
−Removed: With over 160 nationalities represented in the company, we encourage and respect diversity of thought, ideas, and perspective from our workforce.
−Removed: We consider and monitor diversity through all stages of employment, including recruitment, training, and development of our employees.
−Removed: We also work closely with the communities where we operate to identify and invest in initiatives that help support local needs, including local talent and skill development.
+Added: With over 60 percent of our global employees from outside the U.S.
+Added: and 160 nationalities represented across the Company, we encourage and respect diversity of thought, ideas, and perspective from our workforce.
+Added: We are focused on building an engaged, global workforce;
+Added: grounded in meritocracy, we strive to have every employee reach their potential over a long-term career by providing unrivaled opportunities for personal and professional growth through impactful work meeting society's essential needs.
The number of regular employees was 61 thousand, 62 thousand, and 62 thousand at years ended 2024, 2023, and 2022, respectively.
Regular employees are defined as active executive, management, professional, technical, administrative, and wage employees who work full time or part time for the Corporation and are covered by the Corporation’s benefit plans and programs.
−Removed: As discussed in "Item 1A.
−Removed: Risk Factors" in this report, compliance with existing and potential future government regulations, including taxes, environmental regulations, and other government regulations and policies that directly or indirectly affect the production and sale of our products, may have material effects on the capital expenditures, earnings, and competitive position of ExxonMobil.
−Removed: For additional information on the Corporation's worldwide environmental expenditures, see "Management's Discussion and Analysis of Financial Condition and Results of Operations:
+Added: As discussed in Item 1A in this report, compliance with existing and potential future government regulations, including taxes, environmental regulations, and other government regulations and policies that directly or indirectly affect the production and sale of our products, may have material effects on the capital expenditures, earnings, and competitive position of ExxonMobil.
+Added: For additional
+Added: information on the Corporation's worldwide environmental expenditures, see “Management's Discussion and Analysis of Financial Condition and Results of Operations:
Environmental Matters ” in the Financial Section of this report.
−Removed: Information concerning the source and availability of raw materials used in the Corporation’s business, the extent of seasonality in the business, the possibility of renegotiation of profits or termination of contracts at the election of governments, and risks attendant to foreign operations may be found in “Item 1A.
−Removed: Risk Factors” and “Item 2.
−Removed: Properties” in this report.
+Added: Information concerning the source and availability of raw materials used in the Corporation’s business, the extent of seasonality in the business, the possibility of renegotiation of profits or termination of contracts at the election of governments, and risks attendant to foreign operations may be found in Item 1A and Item 2 in this report.
ExxonMobil maintains a website at exxonmobil.com.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.