ExxonMobil Australia has had a significant role in the development of Australia’s oil and gas or "petroleum" resources and has a business history in this country stretching back more than 110 years.
ExxonMobil is one of Australia’s largest oil and gas producers. Our activities cover exploration and production of oil and gas, petroleum refining and marketing of fuels (including natural gas), lubricants, bitumen and chemical products.
ExxonMobil is a substantial investor in the Australian economy and a major contributor to the wealth of the nation.
ExxonMobil Australia in Brief - Australia’s largest integrated petroleum company.
- Commenced operations in 1895.
- Provides employment for around 1700 people directly and provides indirect employment for many thousands more.
- Cumulative investment in Australia exceeds A$13 billion.
- Annual expenditures are around $2 billion.
- Collect/pay around A$800 million in taxes to local, State and Federal Governments.
- Operate 21 offshore oil and gas production facilities in Bass Strait and processing plants at Longford (near Sale) and Long Island Point (near Hastings).
- Supply natural gas to Victoria, Tasmania, New South Wales, South Australia and the Australian Capital Territory.
- Produced ~6 trillion cubic feet of natural gas from Bass Strait since those fields were first brought on line.
- Own and operate the Altona Refinery in Melbourne, which supplies half of Victoria’s petroleum requirements.
- Operate several fuel product distribution terminals and coastal bulk storage facilities.
- Supplies a retail network comprising approximately 800 sites, of which about 350 are located in major metropolitan areas along the eastern seaboard.
Fueling the Economic Development of a Nation
ExxonMobil’s Bass Strait (Gippsland) operations have produced almost two-thirds of Australia’s cumulative oil production and almost 30 percent of Australia’s gas production. Just how significant Bass Strait has been in underpinning the economic growth of Australia is seen in the following figures: - Oil and gas production in Bass Strait has contributed over $200 billion to Gross Domestic Product (GDP) over its life or some $2.2 billion per annum in nominal terms;
- Operations have stimulated approximately 50,000 permanent additional jobs in Victoria (14,000 in regional Gippsland alone);
- ExxonMobil's Bass Strait operations have been responsible for generating approximately $300 billion in Federal Government revenues in real terms (2.1 percent of all Government revenues collected in the period).
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