ExxonMobil ECONOMIC

Target: Exxon Mobil Corporation Evidence review date: 26 October 2026 Scope: Commercial operations, supply chains, capital investment, corporate ownership, energy infrastructure, Israeli-market activity and potential settlement-related transactions.

Supply Chain & Sourcing Relationships

1. Direct supplier relationships

ExxonMobil participates in international petroleum production and transportation infrastructure that Oil Change International identified in March and August 2024 as part of the supply chain for crude oil imported by Israel.^{1, 2}

The March 2024 investigation identified BP, Chevron, ExxonMobil, Shell, Eni and TotalEnergies among companies participating in the upstream production or transportation infrastructure associated with crude supplied to Israel.¹

The Guardian’s 14 March 2024 reporting independently described the Data Desk investigation commissioned by Oil Change International and identified ExxonMobil among the companies connected to the relevant oil infrastructure.³

No public evidence identified of an ExxonMobil commercial procurement relationship with Israeli agricultural exporters Mehadrin, Hadiklaim, Galilee Export or successors to Agrexco.

2. Baku–Tbilisi–Ceyhan oil pipeline

ExxonMobil holds a 2.50% ownership interest in the Baku–Tbilisi–Ceyhan (BTC) Pipeline, according to the current project ownership information published by consortium participant INPEX; BP holds a 30.10% interest and operates the project.⁴

The BTC Pipeline transports crude oil from Azerbaijan’s Caspian coast to the Mediterranean export terminal at Ceyhan, Türkiye, and has a stated transportation capacity of approximately 1.2 million barrels per day.⁴

Oil Change International’s March 2024 investigation identified Azerbaijan as a major source of crude imported by Israel following October 2023 and identified BTC as the export corridor for Azerbaijani petroleum.¹

Oil Change International’s August 2024 research update continued to identify Azerbaijan and associated petroleum infrastructure as significant components of Israel’s crude supply chain.²

ExxonMobil’s 2.50% ownership interest establishes a minority financial participation in the transportation infrastructure; the cited material does not establish that ExxonMobil owned every Israeli-bound cargo passing through BTC.^{1, 4}

3. Azeri–Chirag–Gunashli oil production

ExxonMobil holds a 6.79% interest in the Azeri–Chirag–Gunashli (ACG) fields offshore Azerbaijan, alongside BP, SOCAR, INPEX and other consortium participants.⁵

INPEX identifies BP as ACG’s operator and confirms that the production-sharing arrangement runs into the late 2040s.⁵

Contemporary reporting dated 6 August 2026 continued to identify ExxonMobil’s 6.79% interest in the project, establishing that the minority participation remained relevant after November 2024.⁶

The relationship between ExxonMobil’s ACG interest and the Israeli economy is indirect: ACG contributes to the Azerbaijani petroleum export system, while the independently documented Israeli supply route includes crude exported through BTC.^{1, 4, 5}

No independently verified transaction identifying the ultimate Israeli buyer of a specific ExxonMobil-owned ACG cargo was established in the cited sources.

4. Caspian Pipeline Consortium

The Caspian Pipeline Consortium’s published shareholder register identifies Mobil Caspian Pipeline Company as holding a 7.50% interest.⁷

ExxonMobil’s 2025 subsidiary disclosure separately identifies a 7.50% interest in the Caspian Pipeline Consortium, corroborating participation in the Russia–Kazakhstan petroleum transportation infrastructure.⁸

Oil Change International identified Kazakhstan and Russia-linked crude transported through CPC as part of Israel’s petroleum import supply chain in 2024.¹

The cited evidence establishes infrastructure participation and a broader commercial supply route, but does not identify individual CPC cargoes sold directly by ExxonMobil to an Israeli refinery.^{1, 7, 8}

5. Historical military fuel supply

[pre-2020] Amnesty International’s February 2009 report reproduces a US Department of Defense contract entry naming ExxonMobil Fuels Marketing, Fairfax, Virginia, under contract SP0600-05-D-0451.⁹

[pre-2020] The contract had a maximum stated value of $32,306,080 and covered EN590 and EN228 fuels under the Foreign Military Sales programme for Israel, with an expected completion date of 31 December 2005.⁹

[pre-2020] AFSC Investigate independently describes ExxonMobil contracts involving fuel supplied to Israel in 2003 and 2005 and aviation fuel procurement in 2010 and 2011.¹⁰

[pre-2020] These records establish historical petroleum supply relationships associated with the US Foreign Military Sales programme; the sources do not establish that the same contracts remained active in 2026.^{9, 10}

No public evidence identified of a verified ExxonMobil-specific Israeli military fuel contract awarded after 21 November 2024.

6. Commercial intermediaries and distribution

[pre-2020] Delek Group’s 2007 annual report describes an exclusive representation agreement between Delek Israel and ExxonMobil for marketing lubricating oils in Israel, with a contractual term extending through December 2009.¹¹

[pre-2020] The disclosed relationship provides evidence of an Israeli commercial distribution structure for ExxonMobil products during the relevant historical period, but does not establish its continuation in 2026.¹¹

Sonol currently describes itself as an Israeli marketer and distributor of fuel products, lubricants and additives, serving industrial, transportation, infrastructure and government customers.¹²

Sonol identifies the Israeli army and security services among the customer sectors it serves, alongside named civilian public-sector and commercial customers.¹²

Sonol’s present-day customer disclosure does not identify which lubricants, suppliers or brands are sold to individual military customers.¹²

7. Importer-of-record structure

No public evidence identified of a currently active, wholly owned ExxonMobil subsidiary specifically designated as the Israeli importer of record.

No public evidence identified establishing the legal entity responsible for customs declarations on individual Israeli imports of ExxonMobil-branded lubricants.

8. Seasonal sourcing

No public evidence identified of seasonal Israeli agricultural procurement by ExxonMobil.

No public evidence identified of recurring December–April purchases of Israeli-origin dates, citrus, avocados, potatoes or fresh herbs.

9. Third-party sourcing

Historical lubricant representation through Delek Israel establishes that ExxonMobil products have reached Israel through an independent commercial intermediary.¹¹

The company’s published worldwide authorised-distributor model separately establishes that ExxonMobil uses third-party distributors for selected lubricant markets.¹³

No public evidence identified of an identified present-day distributor carrying ExxonMobil goods into a specific Israeli settlement.

On 17 June 2025, Brenntag Specialties formally announced the renewal and geographic expansion of its distribution agreement with ExxonMobil for White Oils. The companies confirmed that their distribution relationship had existed for more than two decades, previously covering Germany, Austria, Switzerland, Central and Eastern Europe, and the Baltic states. The renewed agreement explicitly added Israel, Iberia and the Netherlands. This establishes a documented, post-November 2024 commercial distribution agreement covering the Israeli market, independently of ExxonMobil’s historical lubricant-marketing arrangement with Delek Israel.^{14, 15}

The agreement concerns ExxonMobil’s Marcol™ and Primol™ medicinal white oils. ExxonMobil’s published product portfolio identifies four grades: Marcol™ 52, Marcol™ 82, Primol™ 352 and Primol™ 382. Applications include pharmaceuticals, cosmetics, veterinary products, animal-vaccine adjuvants, agricultural pesticides, food-contact materials, polystyrene, thermoplastic elastomers and industrial lubricants. Brenntag states that ExxonMobil’s white oils are manufactured in accordance with European Good Manufacturing Practice standards and handled in a clean-room facility in Hamburg, Germany, supporting distribution across EMEA. The announcement confirms the two product families but does not establish which individual grades were specifically ordered or delivered in Israel.^{14, 16}

ExxonMobil’s published White Oils distributor locator independently identifies Brenntag GmbH in Essen, Germany, as a distribution contact and links directly to the June 2025 agreement announcement. Brenntag also maintains an Israeli operating company, Brenntag Israel Ltd., whose official website identifies an established chemical and ingredients distribution business in Israel. These corporate disclosures corroborate an operational distribution network capable of serving the territory covered by the agreement, although neither identifies an individual shipment or Israeli customer purchasing ExxonMobil white oils.^{14, 17, 18}

June 2025–October 2026 - no public evidence identified: searches for completed Brenntag–ExxonMobil white-oil shipments to Israel, Israeli customer orders, delivery commencement dates, transaction invoices, import declarations and Israel-specific Marcol or Primol sales announcements. The official agreement confirms Israeli territorial coverage and describes intended product availability, while ExxonMobil’s distributor locator and Brenntag’s Israeli corporate pages establish distribution infrastructure. The reviewed sources do not independently demonstrate that commercial deliveries under the expanded agreement had commenced by 26 October 2026. The agreement’s announced scope is therefore verified; completed Israeli distribution transactions remain unverified.^{14, 17, 18, 19}

For excluded frame v_econ:c9250de177ad, the 17 June 2025 agreement announcement identifies Brenntag Specialties as ExxonMobil’s authorised commercial distribution partner for Marcol™ and Primol™ white oils. Brenntag’s Regional President Pharma EMEA, Joakim Rehné, explicitly described the company’s role in marketing and distributing ExxonMobil products, while ExxonMobil’s EAME Specialties Sales Manager, Sinem Sanli, confirmed that the expanded partnership was intended to improve customer access through Brenntag’s distribution network. The contracting relationship is therefore between ExxonMobil and the Brenntag distribution organisation, with Israel expressly included among the newly authorised territories. The disclosed arrangement establishes a commercial route into the Israeli market through an independent distributor, rather than establishing ExxonMobil ownership or control of an Israeli operating subsidiary. The public announcement does not identify the precise legal entities signing the agreement or disclose an executed contract bearing their signatures.^{14, 15}

The agreement’s downstream commercial significance extends beyond a general statement of geographic interest: Brenntag expressly identifies itself as ExxonMobil’s branded distributor for an expanded group of countries, and ExxonMobil confirms the arrangement’s intended role in improving product accessibility to customers. The agreement provides contractual distribution coverage for Israel alongside Iberia and the Netherlands. ExxonMobil’s official white-oils distributor locator continues to identify Brenntag GmbH and links to the agreement announcement, while Brenntag Israel maintains an active local chemical-distribution business and public product catalogue. These records establish an authorised route through which Israeli customers can seek access to ExxonMobil white oils, although they do not independently establish that Brenntag Israel Ltd. is the particular legal entity receiving, importing or selling products under the agreement.^{14, 15, 17, 20}

As of 26 October 2026, the strongest supported finding for the excluded frame is an announced and mutually acknowledged expansion of an established commercial distribution agreement, with Israel expressly within its territorial scope. The June 2025 announcement records the renewal as an accomplished agreement, rather than merely a proposed negotiation, and the continuing ExxonMobil distributor listing supplies evidence of its subsequent public commercial representation. No termination, suspension or expiry date is disclosed in these records. They do not establish the agreement’s precise effective-date clause, minimum purchase commitments, exclusivity, actual Israeli sales or transaction-level performance. The existing finding that completed deliveries to Israel remain unverified is preserved.^{14, 15, 17}

Product Origin, Labeling & Regulatory Compliance

1. Product origin

ExxonMobil’s documented products relevant to the Israeli economy concern petroleum, refined fuels, lubricants and petrochemical supply chains rather than agricultural produce.^{1, 9, 13}

The BTC pipeline connects Azerbaijani crude production with export facilities in Türkiye, while CPC participates in a separate Russia–Kazakhstan petroleum export system.^{4, 7}

These supply-chain relationships do not establish that ExxonMobil petroleum products originate in the occupied Palestinian territories.^{1, 4, 7}

2. Settlement-origin goods

No public evidence identified of agricultural goods originating in West Bank settlements, the Jordan Valley or the Golan Heights being imported, packaged or relabelled by ExxonMobil.

No public evidence identified of ExxonMobil petroleum products falsely described as originating in Israel when manufactured in a settlement.

3. Country-of-origin labelling

No public evidence identified of a DEFRA, UK customs or equivalent regulatory enforcement action against ExxonMobil concerning Israeli settlement-origin country-of-origin labelling.

No public evidence identified of a substantiated ExxonMobil-specific violation of country-of-origin disclosure rules for settlement goods.

4. Corporate labelling policy

ExxonMobil’s marine distributor documentation includes a territorial disclaimer stating that map borders do not express a position on territorial legal status or boundary delimitation.¹³

No public evidence identified of a separate ExxonMobil policy specifically governing the labelling of products originating in Israeli settlements.

5. Regulatory and territorial context

The 2025 update to the UN settlement-business database identified 158 enterprises across 11 countries involved in specified categories of settlement-related business activity.²¹

No verified entry naming ExxonMobil was identified in the reviewed settlement-database material.

No public evidence identified of an ExxonMobil facility or named product linked through the reviewed records to extraction of natural resources from occupied Palestinian territory.

Investment, Capital & Financial Exposure

1. Direct investment in Israel

On 9 July 2026, Calcalist reported that ExxonMobil was considering participation in Israel’s fifth offshore oil and gas licensing round.²²

The report identified a possible partnership with Energean, an established participant in the eastern Mediterranean offshore gas industry.²²

The reported consideration of entry is evidence of potential commercial interest, but the article does not establish a completed acquisition, awarded exploration licence or producing ExxonMobil-operated asset in Israel.²²

No public evidence identified establishing the consideration of Israeli offshore exploration had resulted in an awarded licence by 26 October 2026.

2. Indirect infrastructure investment

ExxonMobil’s 2.50% BTC participation and 6.79% ACG participation represent minority equity interests in infrastructure and petroleum-production assets located outside Israel.^{4, 5}

The 7.50% CPC participation represents an additional indirect connection to the broader petroleum supply system identified in 2024 research on Israeli imports.^{1, 7, 8}

These investments are distinct from the acquisition of an Israeli-domiciled operating subsidiary.^{4, 5, 7, 8}

3. Israeli acquisitions and controlling operating subsidiaries

ExxonMobil’s subsidiary disclosure for 31 December 2025 lists material subsidiaries and ownership interests across several jurisdictions, including a 7.50% CPC interest.⁸

No Israeli-incorporated company acquired and controlled by ExxonMobil was identified in the reviewed material-subsidiary disclosure.⁸

No public evidence identified of ExxonMobil acquiring a controlling interest in an Israeli technology, pharmaceutical, defence, agricultural, infrastructure or manufacturing company.

No public evidence identified establishing an ExxonMobil-owned Israeli factory, controlled manufacturing site, employee base or Israeli subsidiary revenue stream.

4. Research and development

ExxonMobil’s corporate history documents extensive research and technology development activities across its international businesses.²³

No public evidence identified of an ExxonMobil-operated research centre, accelerator, laboratory or university innovation programme physically established in Israel.

No public evidence identified of a current ExxonMobil research facility located inside an Israeli settlement.

5. Parent company and beneficial ownership

Exxon Mobil Corporation is a publicly traded US company whose principal executive-office address in its 2025 Form 10-K is Spring, Texas.²⁴

Its 2026 preliminary proxy disclosure identifies The Vanguard Group with 10.4% beneficial ownership, BlackRock with 6.5%, and State Street Corporation with 5.1%, subject to the ownership-report dates described in that filing.²⁵

These shareholdings represent investments in ExxonMobil by external institutional managers and do not themselves constitute Israeli investments undertaken by ExxonMobil.²⁵

No Israeli investor or company was identified as holding a controlling ownership interest in ExxonMobil in the reviewed proxy disclosure.²⁵

6. Portfolio exposure and Israeli sovereign debt

No public evidence identified of ExxonMobil itself underwriting Israeli sovereign debt, marketing Israel Bonds or holding a separately disclosed Israel-focused investment fund.

No public evidence identified of a disclosed corporate portfolio position in Israeli military manufacturers or companies named in the OHCHR settlement database.

7. Financial-sector activities

ExxonMobil’s disclosed principal business concerns energy production, transportation, refining, chemicals and related products.²⁴

No public evidence identified of ExxonMobil acting as a lead arranger of Israeli sovereign bonds, a bank lender to Israeli defence manufacturers or an insurer underwriting Israeli military operations.

8. Controlling principals’ investments

ExxonMobil’s proxy disclosure provides information about the company’s directors, executive officers and significant institutional beneficial shareholders.²⁵

No public evidence identified establishing that an ExxonMobil founder, chair, chief executive, board member or controlling individual personally acquired a material Israeli operating company through a family office or investment vehicle.

9. Constructive-notice chronology

Oil Change International published an updated account of petroleum shipments to Israel in August 2024, following the 19 July 2024 ICJ advisory opinion.²

ExxonMobil’s ACG, BTC and CPC minority ownership relationships are documented in disclosures and industry records available after November 2024.^{4, 6, 7, 8}

Calcalist’s report of contemplated Israeli offshore exploration is dated 9 July 2026 and therefore concerns potential commercial activity reported after both the July and November 2024 milestones.²²

No public evidence identified establishing a newly awarded direct ExxonMobil military fuel contract after November 2024.

Operational Presence & Market Activity

1. Israeli commercial activity

[pre-2020] Delek Group’s 2007 corporate disclosure documents an Israeli lubricants-marketing arrangement involving ExxonMobil.¹¹

The arrangement establishes historical access to Israel’s lubricants market through an Israeli commercial company rather than independently proving a wholly owned ExxonMobil retail network.¹¹

ExxonMobil’s current marine and aviation lubricant websites describe international distribution networks and named authorised distributors in multiple countries.^{13, 26}

No public evidence identified confirming that the historical Delek distribution agreement remains active in 2026.

2. Physical footprint

The company’s 2025 Form 10-K identifies its principal executive offices at 22777 Springwoods Village Parkway, Spring, Texas.²⁴

No public evidence identified of a current ExxonMobil-owned office, refinery, warehouse, retail station, exploration base or operational headquarters inside Israel.

No public evidence identified of an ExxonMobil-owned physical facility inside a West Bank settlement, East Jerusalem settlement or Golan Heights settlement.

3. Offshore exploration

In July 2026, Israeli technology and business publication Calcalist reported that ExxonMobil was considering involvement in Israel’s fifth offshore petroleum licensing round.²²

The report described possible collaboration with Energean, but did not identify an operational ExxonMobil Israeli exploration block or awarded licence.²²

4. Employment and regulatory registrations

No public evidence identified establishing a current ExxonMobil employee headcount in Israel.

No public evidence identified establishing ExxonMobil’s Israeli corporate income-tax registration, preferred-technology-enterprise status or annual Israeli tax contributions.

5. Israeli military and government customers

[pre-2020] The documented 2005 Foreign Military Sales contract was awarded to ExxonMobil Fuels Marketing and involved fuel intended for Israel.⁹

[pre-2020] AFSC Investigate reports additional historical aviation-fuel contracts associated with Israeli military requirements.¹⁰

The historical procurement records establish participation in a US government programme benefiting Israel, but do not establish a current Israeli military procurement contract with ExxonMobil.^{9, 10}

6. Market positioning

ExxonMobil’s corporate disclosures present its operations as international and identify the principal energy business segments through which it generates revenue.^{24, 27}

No public evidence identified of a current ExxonMobil investor presentation designating Israel as a principal growth market, regional headquarters or separately reported operating segment.

7. Settlement-specific operations

No public evidence identified of a verified ExxonMobil-operated petrol station, storage facility, sales branch or extraction licence within an Israeli settlement.

No public evidence identified establishing that a named contemporary ExxonMobil distributor operates a documented settlement-based outlet supplying ExxonMobil products.

8. Reservist employment and charitable programmes

No public evidence identified of a current ExxonMobil-specific Israeli military-reservist salary subsidy or military-leave policy.

No public evidence identified establishing that a named Israeli military or settlement organisation received corporate donations through ExxonMobil’s employee charitable-matching programmes.

Corporate Structure & Foundational Ties

1. Founding and incorporation history

[pre-2020] Exxon Mobil Corporation developed from US petroleum companies and took its present corporate form following the merger of Exxon and Mobil on 30 November 1999.²³

[pre-2020] ExxonMobil’s historical SEC filing states that Exxon Corporation was incorporated in New Jersey in 1882 and that Mobil became a wholly owned subsidiary when the companies combined.²⁸

Neither the company’s documented corporate origin nor the merger history identifies Israel as its founding jurisdiction.^{23, 28}

2. Headquarters and domicile

ExxonMobil’s 2025 Form 10-K identifies New Jersey as its state of incorporation and Spring, Texas, as the location of its principal executive offices.²⁴

Its 2026 shareholder-meeting materials discuss aligning its legal domicile with its long-established Texas operational headquarters.²⁹

No public evidence identified of a current or historical Israeli corporate headquarters for ExxonMobil.

3. Corporate group structure

ExxonMobil’s 2025 subsidiary disclosure identifies material subsidiaries and equity interests, including investments in operations outside the United States.⁸

The company’s 2025 financial results describe upstream, energy-products and other business segments with US and non-US operations.²⁷

No Israeli parent company, majority shareholder or controlling state-owned Israeli entity was identified in the reviewed ownership disclosures.^{8, 25}

4. Historical Israeli intermediaries

[pre-2020] Delek Israel was an independent Israeli commercial counterparty operating under a lubricant representation arrangement described in Delek Group’s 2007 annual report.¹¹

The historical arrangement does not establish that ExxonMobil acquired Delek Israel or controlled its corporate operations.¹¹

5. Israeli state and institutional linkages

[pre-2020] ExxonMobil’s documented relationship with Israel’s military fuel requirements was mediated through US Foreign Military Sales procurement.^{9, 10}

The July 2026 report of potential offshore exploration participation concerned a government licensing process, but did not document a completed ExxonMobil licence award.²²

No public evidence identified of an Israeli government equity stake in ExxonMobil, an Israeli government-appointed director or a contractual governance right held by an Israeli state authority.

6. Structural governance arrangements

ExxonMobil’s 2026 proxy materials describe its directors, beneficial ownership and shareholder-governance arrangements.²⁵

No public evidence identified of an Israeli state golden share, Israeli founder-control provision or charter mechanism binding ExxonMobil’s corporate objectives to Israeli government policy.

7. Institutional ownership and related-party attribution

The company’s identified significant institutional shareholders include Vanguard, BlackRock and State Street.²⁵

The proxy disclosure establishes those managers’ beneficial ownership interests in ExxonMobil; it does not establish that portfolio holdings made elsewhere by those managers are assets owned or controlled by ExxonMobil.²⁵

No public evidence identified of a company-controlled Israeli family-office vehicle or an Israeli investment entity exercising decisive governance control over ExxonMobil.

Profit Repatriation & Economic Contribution

1. Revenue attribution

ExxonMobil reported worldwide earnings of approximately $28.8 billion for 2025 and operating cash flow of approximately $52.0 billion.²⁷

The company’s 2025 financial results provide US, non-US and worldwide segment information rather than a separate revenue total specifically attributed to Israel.²⁷

No public evidence identified establishing ExxonMobil’s annual revenue derived solely from Israeli customers.

2. Infrastructure-linked revenue

ExxonMobil’s 2.50% ownership of BTC and 7.50% interest in CPC establish minority economic interests in international crude transportation infrastructure.^{4, 7, 8}

Its 6.79% ACG participation represents an additional interest in upstream petroleum production that contributes to the Azerbaijani export system.^{5, 6}

Oil Change International identified these regional production and transportation systems as relevant to Israel’s crude imports in 2024.^{1, 2}

No public evidence identified quantifying ExxonMobil’s actual profit attributable specifically to the Israeli-bound share of throughput across these systems.

3. Historical Israeli lubricant distribution

[pre-2020] Delek Group’s 2007 annual report documents an Israeli lubricants-marketing relationship with ExxonMobil that was contractually scheduled to continue through December 2009.¹¹

No public evidence identified quantifying the net earnings or royalty receipts that ExxonMobil obtained from this arrangement.

No public evidence identified establishing the arrangement’s continuation into 2026.

4. Profit repatriation

ExxonMobil is a US-headquartered corporate group reporting international energy operations and consolidated global financial results.^{24, 27}

No public evidence identified of a separately disclosed Israeli subsidiary dividend remitted to ExxonMobil’s US parent.

No public evidence identified of a corporate mechanism through which ExxonMobil’s consolidated global profits are repatriated to an Israeli-domiciled parent.

5. Direct fiscal contribution

No public evidence identified establishing an annual ExxonMobil corporate tax payment to the Israeli state.

No public evidence identified of a verified ExxonMobil offshore licence fee, production royalty or corporate profit-tax liability arising from Israeli extraction activities.

6. Downstream economic contribution

The 2024 Oil Change International investigation identifies crude supplied through internationally owned production and transportation infrastructure as an input into Israel’s domestic refining and fuel supply system.¹

The Guardian independently reported the investigation’s findings concerning the relationship between overseas petroleum supply chains and Israeli crude imports.³

ExxonMobil’s documented participation is therefore supported at the level of minority infrastructure and upstream ownership, while the reviewed sources do not provide transaction-level attribution for individual Israeli refinery deliveries.^{1, 3, 4, 5, 7}

7. Economic ecosystem role

The current BTC ownership disclosure establishes ExxonMobil’s minority participation alongside BP, SOCAR and other international investors.⁴

The current ACG ownership disclosure similarly identifies ExxonMobil as a minority upstream investor, with BP serving as the operator.⁵

No public evidence identified of ExxonMobil being designated by the Israeli government as an Israeli critical-infrastructure operator, principal national energy employer or controlling domestic refinery owner.

8. Post-2024 commercial continuity

ExxonMobil’s ACG ownership remained documented in August 2026, while its BTC and CPC ownership interests remained identifiable in contemporary consortium and corporate disclosures.^{4, 6, 7, 8}

The July 2026 report concerning Israel’s fifth offshore licensing round provides evidence of potential additional investment interest but does not establish that ExxonMobil had completed an Israeli investment.²²

No public evidence identified of a direct ExxonMobil fuel shipment to an Israeli military customer after November 2024 that could be independently verified from the reviewed sources.

Contemporaneous Caspian Pipeline Consortium records establish stronger evidence of ExxonMobil’s continuing commercial participation than equity ownership alone. In its 19 July 2026 announcement, CPC reported approximately 70.5 million tonnes of crude transshipment during 2025, with more than 75% owned by international shippers, and expressly named ExxonMobil among the largest international shippers alongside Tengizchevroil, KazMunayGas, Eni and Shell. Its 30 July 2026 announcement separately identified ExxonMobil among CPC’s shippers while describing the commercial interests affected by interruptions to terminal operations. These primary-source disclosures establish ExxonMobil as a participant in the transported crude business as well as a shareholder through Mobil Caspian Pipeline Company. They do not identify ExxonMobil’s individual shipment volumes, customers or Israeli destinations.^{30, 31}

CPC’s commercial transportation activity generated substantial recurring revenue during the relevant period. On 19 May 2026, Interfax reported CPC general director Nikolai Gorban’s disclosure that consortium revenue increased from 166 billion roubles in 2024 to 173 billion roubles in 2025, alongside total declared dividends of $1.4 billion for shareholders during 2025. This establishes a revenue-generating transportation enterprise with declared shareholder distributions, while CPC’s identification of ExxonMobil as a major shipper independently establishes commercial participation in the transportation system. However, the reported consolidated revenue and dividends do not establish the actual dividend received by Mobil Caspian Pipeline Company, individual transportation charges paid by ExxonMobil, or the proportion of either amount attributable to Israeli-bound cargoes.^{30, 32}

The 2026 CPC operational disclosures also demonstrate continuity after November 2024. CPC reported that its pipeline resumed operations following scheduled maintenance on 6 October 2026 and explained that planned shutdown dates require coordination with shippers. Its July 2026 disclosures identify ExxonMobil among the major international commercial participants. Together, these records support continuing involvement in an operating, commercially remunerated oil-transportation system through the current period. They do not establish that ExxonMobil itself made a particular transportation payment during October 2026 or that any such payment related to a shipment destined for Israel.^{30, 31, 33}

For the Baku–Tbilisi–Ceyhan corridor, BP’s first-half 2026 operational figures, reported on 6 August 2026, establish approximately 97 million barrels of crude oil and condensate exported through BTC and loaded onto 131 tankers at Ceyhan during January–June 2026. The report also identifies approximately $75 million in pipeline operating expenditure and $57 million in capital expenditure during that period. ExxonMobil remained a 2.50% BTC shareholder, while operational responsibility transferred from BP Exploration (Caspian Sea) Limited to SOCAR Midstream Operations LLC effective 1 July 2026. These developments establish the continuing commercial operation of an infrastructure investment in which ExxonMobil participates. They do not identify whether any individual ExxonMobil-attributable cargo was transported to Israel or quantify ExxonMobil’s receipts from Israeli-bound throughput.^{34, 35}

January 2025–26 October 2026 - no public evidence identified: review of CPC’s July and October 2026 operational statements, disclosed shipper participation and shareholder interests, consortium revenue and dividend reporting, and BTC’s first-half 2026 operating results did not identify a recurring Israel-specific transportation contract, named Israeli refinery customer, destination-matched ExxonMobil cargo, separately billed Israel-bound pipeline tariff, or Israel-attributable distribution of transportation profits. The evidence supports continuing company participation in commercially active petroleum transportation corridors, including ExxonMobil’s expressly identified CPC shipper role, but does not establish recurring paid carriage specifically benefiting Israeli customers through an identifiable ExxonMobil transaction.^{30, 31, 32, 33, 34, 35}