ExxonMobil would easily rank among the world’s largest 50 economies if it were an independent state, according to data collected by the Washington Post.
Exxon generated more revenue in 2015 than the gross domestic products of either Ireland or Chile.
Exxon earned $289 billion in revenue during 2015, a figure that would make the company the 41st largest economy in the world.
If Exxon were included on a list of the world’s largest 50 economies, it would rank just below Pakistan and ahead Finland and Portugal.
Exxon is believed to be the fourth largest producer of oil and natural gas in the world.
Exxon produced 4.1 million oil equivalent barrels per day in 2015, a 3 percent year-over-year increase.
The company’s 2015 production level ranks above the estimated 3.6 million bpd Iran has been producing this year.
However, Exxon’s production levels are still dwarfed by the more than 10 million bpd produced by both Saudi Arabia and Russia.
Low oil prices briefly knocked Exxon out of the top five largest U.S. company on a market capitalization basis after its market capitalization fell to about $356 billion in August.
Surging oil prices and OPEC’s production agreement have helped push the company’s market capitalization back up to $373.08 billion as of December 29.
Exxon is currently the only energy firm ranked among the top five largest U.S. firms on a market capitalization basis, according to data provided by Nasdaq.
Exxon CEO Rex Tillerson was nominated by incoming president Donald Trump earlier this month to lead the U.S. State Department.
Trump cited Tillerson’s experience running one of the world’s most valuable oil companies as a reason behind his nomination, calling Tillerson “one of the truly great business leaders of the world.”
