Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), is an American oil and gas corporation
and a direct descendant of John D. Rockefeller's Standard Oil company.
Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the
world's largest company by revenue, at $404.5 billion for the fiscal year of
2007. It is also the largest publicly held corporation by market capitalization,
at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent
barrels at the end of 2007 and, at current rates of production, are expected
to last over 14 years.While it is the largest of the six oil supermajors
with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007,
ExxonMobil's daily production is still surpassed by several of the largest state-owned
petroleum companies and it is only 14th in the world when ranked by held
oil and gas reserves. Currently, the company ranks #1 in the world in
net income, which was almost $40 billion last year.
The Exxon Mobil
Corporation global headquarters are located in Irving, Texas. ExxonMobil markets
products around the world under the brands of Exxon, Mobil, and Esso. It also
owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership)
in Canada, and SeaRiver Maritime, a petroleum shipping company.
The
upstream division dominates the company's cashflow, accounting for approximately
70% of revenue. The company employs over 82,000 people worldwide, as
indicated in ExxonMobil's 2006 Corporate Citizen Report, with approximately 4,000
employees in its Fairfax downstream headquarters and 27,000 people in its Houston
upstream headquarters.
Founded 1999 (merger)
1911 (Standard Oil of New Jersey)
1911 (Standard
Oil of New York)
1870 (Standard Oil)
Headquarters Irving, Texas
Employees
106,100 (2007)
Website exxonmobil.com |
