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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 and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima TM systems, carbon materials, and lithium.
+Added: and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima TM resin systems, carbon materials, low-carbon data centers, and lithium.
Affiliates of ExxonMobil conduct extensive research programs in support of these businesses.
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The precise meaning depends on the context in question.
−Removed: On May 3, 2024, the Corporation acquired Pioneer Natural Resources Company (Pioneer), an independent oil and gas exploration and production company.
−Removed: 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.
−Removed: The acquisition transforms ExxonMobil’s upstream portfolio, creating an industry-leading, high-quality U.S.
−Removed: unconventional inventory position.
−Removed: 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.
−Removed: Certain industry participants, including ExxonMobil, are expanding investments in lower-emission energy and emission-reduction services and technologies.
+Added: Certain industry participants, including ExxonMobil, are expanding the scope of investments in lower-emission energy and emission-reduction services and technologies.
The Corporation competes with other firms in the sale or purchase of needed goods and services in many national and international markets and employs all methods of competition which are lawful and appropriate for such purposes.
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ExxonMobil held over 8 thousand active patents worldwide at the end of 2025.
−Removed: For technology licensed to third parties, revenues totaled approximately $102 million in 2024.
Although technology is an important contributor to the overall operations and results of our Company, the profitability of each business segment is not dependent on any individual patent, trade secret, trademark, license, franchise, or concession.
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With over 59 percent of our global employees from outside the U.S.
−Removed: and 160 nationalities represented across the Company, we encourage and respect diversity of thought, ideas, and perspective from our workforce.
+Added: and more than 160 nationalities represented across the Company, we encourage and respect diversity of thought, ideas, and perspective from our workforce.
We are focused on building an engaged, global workforce;
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As discussed in Item 1 A 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
−Removed: information on the Corporation's worldwide environmental expenditures, see “Management's Discussion and Analysis of Financial Condition and Results of Operations:
+Added: For additional 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.
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.
+Added: Financial Table of Contents
ExxonMobil maintains a website at exxonmobil.com.
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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.