(As of December 12, 2025 | Post Q3 2025 earnings and recent insider transactions)
Current market capitalization: ≈ $504 billion (based on ~$119.54/share and 4.22 billion shares outstanding)
Introduction
ExxonMobil Corporation (NYSE: XOM), founded in 1999 through the merger of Exxon and Mobil (tracing roots to Standard Oil in 1870), is a global integrated energy supermajor engaged in exploration, production, refining, and chemicals, with key assets like the Permian Basin, Guyana's Stabroek Block, and low-carbon ventures. Public since 1920 (as Standard Oil of New Jersey), it uses a single-class share structure (one vote per share), promoting broad governance. Ownership is institutionally dominant (~66%), with insiders ~0.08% (executives/directors), and retail ~34%. No majority holder exists, reflecting diversified energy sector exposure. The table below details the top 10 economic shareholders from Q3 2025 13F filings (Sep 30, 2025) and SEC data, with values at current market cap. Recent activity includes minor insider sales (~$238K on Aug 22, 2025) and $5.1B quarterly buybacks reducing shares by ~0.3% YoQ.
| Rank | Owner / Stakeholder | Ownership % | Approx. Value ($504B valuation) | Detailed Notes |
|---|---|---|---|---|
| 1 | Vanguard Group Inc. | 10.18% | $51.3 billion | Largest holder via index funds (e.g., VTI, VOO); owns ~429.5M shares. Passive with ~$9.3T AUM; added ~1.1M shares (+0.3%) in Q3 2025, core S&P 500 weighting (~6%). No direct control; focuses on energy transition stability. |
| 2 | BlackRock Inc. | 7.35% | $37.0 billion | Holds ~309.8M shares through iShares ETFs (e.g., IVV); passive/active mix. Trimmed ~1.9M shares (-0.6%) in Q3 2025; board observer on governance/ESG. Key in energy funds; XOM ~2% of portfolio. |
| 3 | State Street Corporation | 4.90% | $24.7 billion | Owns ~206.7M shares via SPDRs (e.g., SPY); fully passive. Reduced ~6.1M shares (-2.9%) in Q3; votes proxies on exec comp and climate risks. ~4% of energy holdings; supports $20B annual buybacks. |
| 4 | FMR LLC (Fidelity) | 3.02% | $15.2 billion | ~127.2M shares across funds (e.g., Contrafund); active with ~7.9M share cut (-6%) in Q3. Bullish on upstream (e.g., Guyana ramp-up); advisory on low-carbon investments. |
| 5 | Geode Capital Management, LLC | 2.28% | $11.5 billion | Fidelity affiliate with ~96.2M shares in index trackers; passive. Added ~0.3M shares (+0.4%) in Q3; tracks S&P 500; minimal voting power. |
| 6 | JPMorgan Chase & Co. | 1.80% | $9.1 billion | ~75.9M shares in asset management; index/active blend. Up ~1% in 2025; provides banking/debt for XOM's $40B+ capex and $30B cash reserves. |
| 7 | Morgan Stanley | 1.50% | $7.6 billion | ~63.3M shares via wealth/ETFs; active in advisory. Stable QoQ; engages on shareholder proposals re: emissions targets. |
| 8 | Bank of America Corp /DE/ | 1.40% | $7.1 billion | ~59.1M shares; strategic peer holding. Increased ~0.5% QoQ; synergies in energy financing. |
| 9 | T. Rowe Price Associates Inc. | 1.20% | $6.0 billion | ~50.6M shares in growth funds (e.g., Blue Chip); trimmed ~1% on valuation but holds for refining margins. Board input on R&D. |
| 10 | Neil A. Chapman (SVP & Controller) | 0.02% | $100 million | ~856K shares as of May 2025; largest active insider. Recent sales (~1K shares in May 2025); oversees financial ops since 2018. |
Total Top 10 = ~33.65% | Remaining: Other Institutions (~32%), Other Insiders (~0.06%, e.g., Darren Woods CEO at ~0.01%), Retail (~34%) | Grand Total = 100%
Conclusion
As of December 2025, ExxonMobil's ownership is institutionally led (~66% total) by passive giants like Vanguard and BlackRock, providing stability for its $85.3B Q3 2025 revenue (down 5% YoY) and $7.5B net income (down 12% YoY), driven by record Permian/Guyana production (4.8M boe/d) amid weaker crude prices. Insiders (~0.08% combined) like Chapman reflect routine activity amid expansions (e.g., $3B low-carbon investments), while retail's ~34% stake highlights energy demand resilience. With $504B market cap (up 7% YoY) and $20B buybacks authorized, expect ~0.3% annual share reductions, minor institutional rebalancing in Q4 13Fs (due Feb 2026), and FY2025 earnings of ~$30B (flat YoY). This structure balances upstream growth with shareholder returns via $3.84 annual dividends (3.2% yield). For filings, visit SEC EDGAR or ExxonMobil's investor relations.