2019 U.S.-Booked Air Volume: $197 million
Primary Global Expense Supplier: Chrome River
Consolidated Global TMC: CWT
BTN estimates that energy giant ExxonMobil cut its U.S.-booked air volume nearly 18 percent year over year in 2019.
Because of oversupply, commodity prices and margins fell to around 10-year lows last year, the company reported. ExxonMobil's net income fell to $14.3 billion in 2019, compared with $20.8 billion in 2018, though it also increased its employee count from 71,000 at the end of 2018 to 74,900 at the end of 2019. Operating costs were down 0.5 percent year over year in 2019.
ExxonMobil has used Chrome River as a global expense solution since August 2018, and travel is consolidated globally through CWT.