2020 U.S.-Booked Air Volume: $31 million
Primary Global Expense Supplier: Chrome River
Consolidated Global TMC: CWT
BTN estimated ExxonMobil’s 2020 U.S.-booked air volume
amounted to $31 million, down from $197 million in 2019. Total revenue for the
company was $181.5 billion, a 31.5 percent year-over-year decline from 2019.
The company spent $1.29 billion on oil and gas exploration in 2020, up from
$1.27 billion in 2019. As part of a restructuring initiative, ExxonMobil
reduced a large portion of its workforce to improve efficiency and reduce
costs, according to the oil and gas company’s annual report. From 2019 to 2020,
the number of regular employees fell from 75,000 to 72,000. ExxonMobil saw its
cash operating costs fall by over 15 percent from $49 billion in 2019 to $42
billion in 2020.