Hexagonal binning helps aggregate large point datasets like oil wells into hexagon polygons to reduce overlap and improve map visualization at smaller scales. The document describes using hexagonal binning to summarize over 50,000 oil wells in the Gulf of Mexico across different scales, calculating statistics like mean depth and earliest drilling date for each hexagon. It provides tips for storing interim results, exporting joined tables, and using multiple hexagon sizes to balance data density and map performance for ArcGIS Online.