ExxonMobil Corporation[a](/ˌɛksɒnˈmoʊbəl/EK-son-MOH-bəl;commonly shortened toExxon[5][6][7]) is an Americanmultinationaloil and gascorporation and the largest directdescendantofJohn D. Rockefeller'sStandard Oil.The company, which took its present name in 1999 per the merger of Exxon andMobil,isvertically integratedacross the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is headquartered near theHoustonsuburb ofSpring, Texas,though officially incorporated in theU.S. stateofNew Jersey.[8][9]: 1 The company is the largest oil and gas company based in the US,America's third largest by revenueamong all industries, and the eighthlargest in the world.
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![]() Floating cube at ExxonMobil headquarters inSpring, Texas | |
Formerly |
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Company type | Public |
ISIN | US30231G1022 |
Industry | Energy:Oil and gas |
Predecessor | |
Founded | August 5, 1882 |
Founders | Lucio Noto Lee Raymond[3] |
Headquarters | Spring,Texas,U.S. |
Area served | Worldwide |
Key people | Darren Woods (Chairman&CEO) |
Products | |
Brands | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 61,500 (2023)[4] |
Parent | Standard Oil(1882–1911) |
Subsidiaries | |
Website | corporate |
ExxonMobil is also the largest investor-owned oil company in the world.[10][11][12]Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 wereThe Vanguard Group(8.15%),BlackRock(6.61%), andState Street Corporation(4.83%).
ExxonMobil has been widely criticizedand sued,[13]mostly for environmental incidents andits history of climate change denialagainst the scientific consensus that fossil fuels significantly contribute toglobal warming.The company is responsible for many oil spills, the largest and most notable of which was theExxon Valdezoil spillin Alaska and itself considered to be one of the world's worst oil spills in terms of damage to the environment.[14][15]The company has also been the target of accusations of human rights violations, excessive influence onAmerica's foreign policy,and its impact on various societies across the world.[16]
History
editExxonMobil traces its roots toVacuum Oil Company,founded in 1866. Vacuum Oil later was acquired byStandard Oilin 1879, divested from Standard in 1911 withits breakup,and merged by the Standard Oil Company of New York (Socony), later known asMobil,in 1931. After the 1911 breakup, Standard Oil continued to exist through its New Jersey subsidiary, sometimes shortened to Jersey Standard, and retained the Standard Oil name in much of the eastern United States. Jersey Standard grew by acquiringHumble Oilin the 1930s and became the dominant oil company on the world stage. The company's lack of ownership over the Standard Oil name across the United States, however, prompted a name change to unify all of its brands under one name, choosing to name itself Exxon in 1972 over continuing to use three distinct brands ofEsso,Enco,and Humble.[17][18]
In 1998, the two companies agreed to merge and form ExxonMobil, with the deal closing on November 30, 1999. The two companies cited lower oil prices and a better ability to compete with other state-owned oil companies outside of the United States likePemexandAramco.With the deal, the two companies practically merged, with the new company's name containing both of the trade names of its immediate predecessors. However, the structure of the merger provided that Exxon was the surviving company and bought Mobil, rather than a new company being created.[18][19][20][21]
Operations
editExxonMobil is the largest non-government-owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.[22]
ExxonMobil isvertically integratedinto a number of global operating divisions. These divisions are grouped into three categories for reference purposes, though the company also has several standalone divisions, such as Coal & Minerals. It also owns hundreds of smaller subsidiaries such asXTO EnergyandSeaRiver Maritime.ExxonMobil also has a majority ownership stake inImperial Oil.[23]
- Upstream(oil exploration, extraction, shipping, and wholesale operations)
- Product Solutions (downstream,chemical)
- Low Carbon Solutions[24]
Upstream
editThe upstream division makes up the majority of ExxonMobil's revenue, accounting for approximately 70% of it.[25]In 2021, ExxonMobil had about 30 billion barrels of oil and oil equivalents, as well as 38.1 billion cubic feet ofnatural gas.[26]
In the United States, ExxonMobil's petroleum exploration and production activities are concentrated in thePermian Basin,Bakken Formation,Woodford Shale,Caney Shale,and theGulf of Mexico.In addition, ExxonMobil has several gas developments in the regions ofMarcellus Shale,Utica Shale,Haynesville Shale,Barnett Shale,andFayetteville Shale.All natural gas activities are conducted by its subsidiary, XTO Energy. As of December 31, 2014, ExxonMobil owned 14.6 million acres (59,000 km2) in the United States, of which 1.7 million acres (6,900 km2) were offshore, 1.5 million acres (6,100 km2) of which were in the Gulf of Mexico.[27]In California, it has a joint venture calledAera Energy LLCwithShell Oil.In Canada, the company holds 5.4 million acres (22,000 km2), including 1 million acres (4,000 km2) offshore and 0.7 million acres (2,800 km2) of theKearl Oil Sands Project.[27]
In Argentina, ExxonMobil holds 0.9 million acres (3,600 km2) and 4.9 million acres (20,000 km2) in Germany. In the Netherlands ExxonMobil owns 1.5 million acres (6,100 km2), in Norway it owns 0.4 million acres (1,600 km2) offshore, and the United Kingdom 0.6 million acres (2,400 km2) offshore. In Africa, upstream operations are concentrated in Angola, where it owns 0.4 million acres (1,600 km2) offshore, Chad where it owns 46,000 acres (19,000 ha), Equatorial Guinea, where it owns 0.1 million acres (400 km2) offshore, and Nigeria, where it owns 0.8 million acres (3,200 km2) offshore.[27]In addition, ExxonMobil plans to start exploration activities off the coast of Liberia and the Ivory Coast.[28][29]In the past, ExxonMobil had exploration activities in Madagascar, however these operations were ended due to unsatisfactory results.[30]
In Asia, it holds 9,000 acres (3,600 ha) in Azerbaijan, 1.7 million acres (6,900 km2) in Indonesia, of which 1.3 million acres (5,300 km2) are offshore, 0.7 million acres (2,800 km2) in Iraq, 0.3 million acres (1,200 km2) in Kazakhstan, 0.2 million acres (810 km2) in Malaysia, 65,000 acres (26,000 ha) in Qatar, 10,000 acres (4,000 ha) in Yemen, 21,000 acres (8,500 ha) in Thailand, and 81,000 acres (33,000 ha) in the United Arab Emirates.[27]
Russia operations
editUntil the2022 Russian invasion of Ukraine,ExxonMobil held 85,000 acres (34,000 ha) in theSakhalin-Iproject through its subsidiaryExxon Neftegas.Together withRosneft,it has developed 63.6 million acres (257,000 km2) in Russia, including theEast-Prinovozemelsky field.In Australia, ExxonMobil held 1.7 million acres (6,900 km2), including 1.6 million acres (6,500 km2) offshore. It also operates the Longford Gas Conditioning Plant, and participates in the development ofGorgon LNGproject. In Papua New Guinea, it holds 1.1 million acres (4,500 km2), including thePNG Gasproject.[27]After Russia's 2022 invasion began, though, ExxonMobil announced it was fully pulling out of both Russia and Sakhalin-I, and launched a lawsuit against Russia's federal government on August 30.[31]
Product Solutions
editExxonMobil formed its Product Solutions division in 2022, combining its previously separate Downstream and Chemical divisions into a single company.[32]
Downstream and Retail
editExxonMobil markets products around the world under the brands ofExxon,Mobil, and Esso. Mobil is ExxonMobil's primary retail gasoline brand in California,Florida,New York,New England,the Great Lakes,and theMidwest.Exxon is the primary brand in the rest of the United States, with the highest concentration of retail outlets located in New Jersey, Pennsylvania, Texas (shared with Mobil), and in the Mid-Atlantic and Southeastern states. ExxonMobil has stations in 46 states, just behindShell USAand ahead ofPhillips 66,lacking a presence only inAlaska,Hawaii,Iowa,andKansas.[33]
Outside of the United States, Esso and Mobil are primarily used, with Esso operating in 14 countries and Mobil operating in 29 countries and regions.[34]
In Japan, ExxonMobil had a 22% stake in TonenGeneral Sekiyu K.K., a refining company that merged intoEneosin 2017.[35][36]
ExxonMobil's primary retail brands worldwide are Exxon,Esso,Mobil,with the former being used exclusively in the United States and the latter two being used in most other countries where ExxonMobil operates. Esso is the only one of its brands not used widely in the United States. Since 2008, Mobil is the only brand for the company lubricants. Since 2018, ExxonMobil has operated aloyalty program,ExxonMobil Rewards+, where customers earn rewards points when filling up at its stations in the United States and later the United Kingdom.[37][38][39]
Chemicals
editExxonMobil Chemical is a petrochemical company that was created by merging Exxon's and Mobil's chemical industries in 1999. Its principal products include basicolefinsandaromatics,ethylene glycol,polyethylene,andpolypropylenealong with speciality lines such aselastomers,plasticizers,solvents,process fluids,oxo alcoholsandadhesiveresins.The company also produces synthetic lubricant base stocks as well as lubricant additives,propylenepackaging films andcatalysts.ExxonMobil is the largest producer of butyl rubber.[40]Infineum, a joint venture with Shell plc, is manufacturing and marketingcrankcaselubricant additives,fuel additives,and specialty lubricant additives, as well asautomatic transmission fluids,gear oils,and industrial oils.[41]
Sponsorships
editMobil 1,a brand of synthetic motor oil, is a major sponsor of multiple racing teams and as the official motor oil ofNASCARsince 2003.[42]ExxonMobil is currently in partnerships withOracle Red Bull RacinginFormula Oneand Kalitta Motorsports.[43][44][45]
Refineries
editExxonMobil operates 21 refineries worldwide, and the company claims 80% of its refining capacity is integrated with chemical or lube basestocks. ExxonMobil's largest refinery overall is its Beaumont Refinery and its second largest in the United States is itsBaytown Refinery,located inBaytown, Texas.Its second largest refinery overall is itsJurong Islandfacility inSingapore.ExxonMobil's global average refining capacity was 4.6 million barrels per day, with the United States producing a plurality of the company's refining capacity at about 1.77 million barrels per day. ExxonMobil's corporate website claims it refines almost 5 million barrels per day.[46][47][48][49]
ExxonMobil was one of few U.S. refiners to expand capacity by a significant margin following an industry downturn suffered during theCOVID-19pandemic.[50]The company completed a 250,000 barrels per day expansion at itsBeaumont,Texas, refinery in early 2023.[51]
Low Carbon Solutions
editOfficially formed with ExxonMobil's 2022 corporate restructuring, and currently led by formerGeneral MotorspresidentDan Ammann,Low Carbon Solutions is the company's alternative energy division. The division says it will lower emissions in hard-to-decarbonize sectors such as heavy industry, commercial transportation, and power generation using a combination of lower-emission fuels, hydrogen, and carbon capture and storage. Low Carbon Solutions conducts research on clean energy technologies, includingalgae biofuels,biodieselmade from agricultural waste, carbonatefuel cells,and refining crude oil into plastic by using amembraneandosmosisinstead of heat.[52][53]The company speculated in April 2023 that pending good economic conditions, the low-carbon solutions business could eclipse the value of its oil and gas operations.[54]
As of 2023[update],the company was in the process of designing its inaugural large-scale plant dedicated to producing low-carbon hydrogen, situated within its refining and petrochemical complex inBaytown, Texas.This project is set to become the world's largest low-carbon hydrogen project.[55][56]
Carbon capture and storage
editExxonMobil publicly announced it would be investing $15 billion in what it deemed a "lower carbon future", and claims to be the world leader incarbon capture and storage(CCS). The company additionally plans that itsScope 1 and Scope 2emissions will becarbon neutralby 2050. ExxonMobil additionally acquired biofuel company Biojet AS in 2022, and its Canadian subsidiary Imperial Oil is moving ahead with plans to produce a renewable diesel biofuel.[57][58]In July 2023, Exxon agreed to acquireDenbury Resourcesfor $4.9 billion to further its low-carbon efforts.[59]
Low-carbon energy projects
editExxon is working on low-carbon energy projects, focusing on basic research in five to ten key areas. This work spends a fraction of the $1 billion a year Exxon spends on research worldwide and the $8 billion it has spent since 2000 researching, developing and deploying low-carbon technologies Projects include: algae biofuels, biodiesel from agricultural waste,molten carbonate fuel cells, and new ways to manufacture plastic that produce less carbon dioxide.[60]
Lithium mining
editIn November 2023 ExxonMobil started drilling for Lithium in the US State ofArkansas.In June 2024, a preliminary agreement to supply lithium toSKOn for the manufacturing oflithium-ion batteriesthat will powerelectric vehicleswas signed.[61]
Controversies
editClimate change denial
editExxonMobil's environmental recordhas faced much criticismfor its stance[62]and impact on global warming.[63]In 2018, thePolitical Economy Research Instituteranks ExxonMobil tenth among American corporations emittingairborne pollutants,[64]thirteenth by emittinggreenhouse gases,.[65]A 2017 report places ExxonMobil as the fifth largest contributor to greenhouse gas emissions from 1988 to 2015.[66][67]As of 2005[update],ExxonMobil had committed less than 1% of their profits towards researching alternative energy,[68]which, according to theadvocacy organizationCeres,is less than other leading oil companies.[69][needs update]According to the 2021 Arctic Environmental Responsibility Index (AERI), ExxonMobil is ranked as the sixth most environmentally responsible company among 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.[70]As of 2020, ExxonMobil has been responsible for more than 3,000 oil spills and leakages which resulted in a loss of more than one barrel of oil, with the most in a single year being 484 spills in 2011.[71]Additionally, since 1965, ExxonMobil has released more than 40 billion tons ofcarbon dioxide pollution.[72]
In 2023,Sciencejournal published a paper reporting that the global warming projections and models created by ExxonMobil's own scientists between 1977 and 2003 had "accurately" projected and "skillfully" modeled global warming due to fossil fuel burning, and had reasonably estimated how much CO2would lead to dangerous warming. The authors of the paper concluded: "Yet, whereas academic and government scientists worked to communicate what they knew to the public, ExxonMobil worked to deny it."[73][74]
Between the 1980s and 2014, ExxonMobil was a notable denier of climate change, though the company officially changed its position in 2014 to acknowledge the existence of climate change. ExxonMobil's prolonged response incited the creation of theExxon Knewmovement, which aims to hold the company accountable for various climate-related incidents. ExxonMobil has used its own website to attackExxon Knew,claiming that it is a coordinated effort to defame the company.[75][76][77]
In December 2022,U.S. House Oversight and Reform CommitteeChairCarolyn MaloneyandU.S. House Oversight Environment SubcommitteeChairRo Khannasent a memorandum to all House Oversight and Reform Committee members summarizing additional findings from the committee's investigation into thefossil fuel industry disinformationcampaign to obscure the role of fossil fuels in causing global warming. Upon reviewing internal company documents, they accused ExxonMobil along withBP,Chevron,andShellofgreenwashingtheirParis Agreementcarbon neutralitypledges while continuing long-term investment in fossil fuel production and sales, for engaging in a campaign to promote the use of natural gas as a clean energy source and bridge fuel to renewable energy, and of intimidating journalists reporting about the companies' climate actions and of obstructing the committee's investigation, which ExxonMobil, Shell, and theAmerican Petroleum Institutedenied.[78][79][80]
In the United States, as of 2024, dozens of states and localities have sued ExxonMobil on the base of its climate change denial.[13]
Oil spills and plastic pollution
editExxonMobil's operations have been subject to numerous oil spills both before and after the 1999 merger. The most widely publicized oil spill was the 1989Valdezoil spill,where an Exxon tanker discharged approximately 11 million U.S. gallons (42,000 m3) of oil intoPrince William Sound,[81]oiling 1,300 miles (2,100 km) of the remote Alaskan coastline. The spill remains the second largest in American history, only trailingBP'sDeepwater Horizonspillin theGulf of Mexico.[82]
ExxonMobil was also responsible for various other oil spills across the world. Some of Exxon's largest and most notable oil spills in the United States include long-lasting oil leaks totaling into an estimated 30 million gallon spill into New York City'sNewtown Creekover the course of a century by Exxon and other Standard Oil predecessors,[83]a 2011 oil spill which leaked 1,500 barrels of oil into theYellowstone River(resulting in about $135 million in damages),[84]and a 2012 1,900 barrel (80,000 gallon) spill from the company'sBaton Rouge Refineryin the rivers ofPoint Coupee Parish, Louisiana.[85]ExxonMobil's actives in Louisiana in particular, especially itsBaton Rouge Refinery,have given the area the nickname ofCancer Alley.The company's activities, along with other operations and refineries in the area, have been the source of increased cancer infections, lower air quality, and as seen by some, potential environmental racism committed by the company.[86][87]
In May 2021, ExxonMobil topped the Plastic Waste Makers Index report published by the Minderoo Foundation of 20 petrochemical companies that manufactured 55 percent of thesingle-use plastic wastein the world in 2019 (which were part of a larger group of 100 petrochemical companies that manufactured 90 percent of the waste),[88][89]while in April 2022,California Attorney GeneralRob Bontaissued a subpoena to ExxonMobil for information related to the company's role in overstating the effectiveness ofplastic recyclingin reducing plastic pollution as part of an industry campaign to promote plastic usage.[90][91][92]
Geopolitical influence and human rights violations
editExxonMobil has also been accused of human rights violations and abusing its geopolitical influence.[16]In the bookPrivate EmpirebySteve Coll,ExxonMobil is described as extremely powerful "corporate state within the American state" in dealing with the countries in which it drills, going to the point as describing such countries' governments as "constrained".[93]The company's corporate ancestors are also blamed for the outbreak of the 1954Jebel Akhdar War,which was sparked by theIraq Petroleum Company's activities.[94][95]
Indonesia
editBeginning in the late 1980s, ExxonMobil (through predecessor Mobil) hired military units of theIndonesian National Armyto provide security for their gas extraction and liquefaction project inAceh,Indonesia, and these military units were accused of committing human rights violations, including sexual assault, battery and unlawful detention. ExxonMobil eventually pulled out from Indonesia completely in 2001, while denying any wrongdoing.[96]Exxon attempted to have the case dismissed nine times, dragging the lawsuit out for over 20 years. In July 2022, aUS District Courtdenied ExxonMobil's motions to dismiss the case, clearing the way for the lawsuit to go to trial, although no trial date was set. In 2023, ExxonMobile settled the case a week before trial.[97]
Other controversies
editWar profiteering allegations
editDuring a 2022 surge in profits among ExxonMobil and other large oil companies, partly due tothe war in Ukraine,[98][99]U.S. PresidentJoe Bidencriticized ExxonMobil. In June 2022, amid record oil prices, he said that "Exxon made more money than God this year".[100]When the oil giant reported its second quarter earnings in 2022,CNNreported that Exxon made US$2,245.62 per second in profit across the 92-day long second quarter.[101]
Exposure to benzene
editIn May 2024, a Pennsylvania jury found ExxonMobil liable for negligently failing to warn about the health risks ofbenzene,which is classified by theUS Environmental Protection Agencyas a knowncarcinogen,and ordered the company to pay $725.5 million incompensatory damagesto a former mechanic, Paul Gill, who claimed that his cancer was caused byexposure to benzenein ExxonMobil's petroleum products while working at a Mobil gas station between 1975 and 1980.[102][103]
Corporate affairs
editCompany | Revenue (USD)[104] | Profit (USD) | Brands |
---|---|---|---|
ExxonMobil | $286 billion | $23 billion | Mobil Esso Imperial Oil |
Shell plc | $273 billion | $20 billion | Jiffy Lube Pennzoil Z Energy |
TotalEnergies | $185 billion | $16 billion | Elf Aquitaine SunPower |
BP | $164 billion | $7.6 billion | Amoco Aral AG |
Chevron | $163 billion | $16 billion | Texaco Caltex Havoline |
Marathon | $141 billion | $10 billion | ARCO[105] |
Phillips 66 | $115 billion | $1.3 billion | 76 Conoco JET |
Valero | $108 billion | $0.9 billion | — |
Eni | $77 billion | $5.8 billion | — |
ConocoPhillips | $48.3 billion | $8.1 billion | — |
Business trends
editAccording toFortuneGlobal 500,ExxonMobil was the second largest company, second largestpublicly held corporation,and the largest oil company in the United States by 2017 revenue.[106]For the fiscal year 2020, ExxonMobil reported a loss of US$22.4 billion, with an annual revenue of US$181.5 billion, a decline of 31.5% over the previous fiscal cycle.[107]
The key trends of ExxonMobil are (as at the financial year ending December 31):[108]
Year | Revenue (US$ bn) |
Net income/ loss (US$ bn) |
Total assets (US$ bn) |
Price per share (US$) [citation needed] |
Employees |
---|---|---|---|---|---|
2008[109] | 477 | 45.2 | 228 | 82.68 | 79,900 |
2009[109] | 310 | 19.2 | 233 | 70.95 | 80,700 |
2010[110] | 383 | 30.4 | 302 | 64.99 | 83,600 |
2011[111] | 486 | 41,0 | 331 | 79.71 | 82,100 |
2012[112] | 480 | 44.8 | 333 | 86.53 | 76,900 |
2013[113] | 438 | 32.5 | 346 | 90.50 | 75,000 |
2014[114] | 411 | 32.5 | 349 | 97.27 | 75,300 |
2015[115] | 249 | 16.1 | 336 | 82.82 | 73,500 |
2016[115] | 208 | 7.8 | 330 | 86.22 | 71,100 |
2017[116] | 244 | 19.7 | 348 | 81.86 | 69,600 |
2018[117] | 290 | 20.8 | 346 | 79.96 | 71,000 |
2019[118] | 264 | 14.3 | 362 | 73.73 | 74,900 |
2020[107] | 181 | –22.4 | 332 | 44.52 | 72,000 |
2021[119] | 285 | 23.0 | 338 | 57.96 | 63,000 |
2022[120] | 413 | 55.7 | 369 | 110.30 | 62,300 |
2023[4] | 344 | 36.0 | 376 | 61,500 |
Headquarters and offices
editExxonMobil's headquarters are located in theSpring, Texasarea, a suburb of Houston. The ExxonMobil campus has a Spring post office address, and is adjacent to, but not in, the Springcensus-designated place.[121]Paul Takahashi of theHouston Chronicledescribed the headquarters as being in Spring.[122]
The headquarters was previously inIrving.[123]The company decided to consolidate its Houston operations into one new campus located in northernHarris Countyand vacate its offices on 800 Bell St. which it had occupied since 1963.[124]The decision came in 2022.[122]The new operation complex includes twenty office buildings totaling 3,000,000 square feet (280,000 m2), a wellness center, laboratory, and three parking garages.[125]It is designed to house nearly 10,000 employees.
Board of directors
editThe current chairman of the board and CEO of ExxonMobil Corp. is Darren W. Woods. Woods was elected chairman of the board and CEO effective January 1, 2017, after the retirement of former chairman and CEORex Tillerson.Before his election as chairman and CEO, Woods was elected president of ExxonMobil and a member of the board of directors in 2016.[126]
As of July 28, 2021[update],the current ExxonMobil board members are:[127]
- Michael J. Angelakis, chair and chief executive officer of Atairos Group Inc.
- Susan Avery,president emerita ofWoods Hole Oceanographic Institution
- Angela Braly,former president and CEO of WellPoint (nowAnthem)
- Ursula Burns,former chair and CEO ofXerox
- Gregory J. Goff,former executive vice chair,Marathon Petroleum
- Kaisa H. Hietala,board professional
- Joseph L. Hooley, former chair, president and CEO ofState Street
- Steven A. Kandarian,chair, president and CEO ofMetLife
- Alexander A. Karsner,senior strategist atX Development
- Jeffrey W. Ubben,Founder, Portfolio Manager, and Managing Partner, Inclusive Capital Partners, L.P.
- Darren W. Woods,chair of the board and CEO, ExxonMobil Corporation
Hooley is presently the lead independent director, having succeeded formerMerckCEOKenneth Frazierupon his retirement in May 2022.[128]Three of the directors nominated at the lastAnnual General Meetingwere nominated after a proxy battle against hedge fundEngine No.1and were nominated against the suggestion of the board.[129]
Key executives
editExxonMobil's key executives are:[130]
- Darren Woods,chairman and CEO
- Neil Chapman, Senior Vice President
- Kathryn Mikells, CFO and Senior Vice President
- Jack Williams, Senior Vice President
- James Spellings, General Tax Counsel and Vice President
See also
editNotes
edit- ^In official SEC filings, the company is split into two words and phrased asExxon Mobil Corporation.However, in most media and communications, the two names are merged into a single word. Occasionally, the company is also abbreviated toEM,especially with regard to the company's retail rewards program.
- ^Data is based on the 2022Fortune 500.
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Business headquarters 22777 Springwoods Village Parkway Spring, TX 77389-1425
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The Irving-based oil giant said the corporate relocation to Spring[...]
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Further reading
edit- Coll, Steve(2012).Private Empire: ExxonMobil and American Power.New York, NY:The Penguin Press.ISBN978-1-594-20335-0.
- Painter, David S.(1987).Private Power and Public Policy: Multinational Oil Corporations and United States Foreign Policy, 1941–1954.London:I.B.Tauris.ISBN978-1-850-43021-6.
- Pratt, Joseph A. (2012)."Exxon and the Control of Oil".The Journal of American History.99(1): 145–154.doi:10.1093/jahist/jas149.
External links
edit- Official website
- The ExxonMobil Historical Collection at the Dolph Briscoe Center for American History at the University of Texas
- Business data for Exxon Mobil Corporation:
- Exxon Mobil Lobbying Profile – Opensecrets.org