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 Floating cube at ExxonMobil headquarters in Spring, Texas | |
| Formerly |
|
|---|---|
| Company type | Public |
| ISIN | US30231G1022 |
| Industry | Energy: Oil and gas |
| Predecessor | |
| Founded | August 5, 1882 |
| Founders | Lucio Noto Lee Raymond[2] |
| Headquarters | Spring, Texas, U.S. |
Area served | Worldwide |
Key people | Darren Woods (chairman & CEO) |
| Products | |
| Brands | |
| Revenue |  US$344.6 billion (2023)[3] |
| US$52.78 billion (2023)[3] | |
| US$36.01 billion (2023)[3] | |
| Total assets |  US$376.3 billion (2023)[3] |
| Total equity | US$204.8 billion (2023)[3] |
Number of employees | 61,500 (2023)[3] |
| Parent | Standard Oil (1882–1911) |
| Subsidiaries | |
| Website | corporate |
ExxonMobil Corporation[a] (/ˌɛksɒnˈmoʊbəl/ EK-son-MOH-bəl; commonly shortened to Exxon[4][5][6]) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated across 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 the Houston suburb of Spring, Texas, though officially incorporated in the U.S. state of New Jersey.[7][8]: 1 The company is the largest oil and gas company based in the US, America's third largest by revenue among all industries, and the eighth largest in the world.
ExxonMobil is also the largest investor-owned oil company in the world.[9][10][11] Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%).
ExxonMobil has been widely criticized and sued,[12] mostly for environmental incidents and its history of climate change denial against the scientific consensus that fossil fuels significantly contribute to global warming. The company is responsible for many oil spills, the largest and most notable of which was the Exxon Valdez oil spill in Alaska and itself considered to be one of the world's worst oil spills in terms of damage to the environment.[13][14] The company has also been the target of accusations of human rights violations, excessive influence on America's foreign policy, and its impact on various societies across the world.[15]
- ^ "EXXON MOBIL CORPORATION". opencorporates.com. Retrieved September 20, 2022.
- ^ Myerson, Allen R. (1998). "The Lion and the Moose; How 2 Executives Pulled Off the Biggest Merger Ever". New York Times. Retrieved April 15, 2024.
- ^ a b c d e f 10-K 2023.
- ^ Bloom, Michael (August 29, 2022). "Here are Monday's biggest analyst calls: Tesla, Amazon, Exxon, Costco, Apple & more". CNBC. Retrieved August 29, 2022.
- ^ Staff (August 29, 2022). "Exxon should not participate in upcoming auction of oil blocks—Patterson". Stabroek News. Retrieved August 29, 2022.
- ^ Crowley, Kevin (July 29, 2022). "Exxon CEO Loves What Manchin Did for Big Oil in $370 Billion Deal". Bloomberg News. Retrieved August 29, 2022.
- ^ "Certificate of incorporation and by-laws". ExxonMobil. June 20, 2001. Archived from the original on March 25, 2023. Retrieved September 19, 2022.[self-published source]
- ^ 10-K 2018.
- ^ Dutta, Sumit (February 6, 2018). "Top 10 Oil & Gas Companies: ExxonMobil". Oil & Gas IQ. Retrieved June 20, 2024.
- ^ "Global 500". Fortune. Retrieved August 4, 2022.
- ^ "Top ten companies by oil production". Offshore Technology. May 14, 2019. Archived from the original on June 5, 2022. Retrieved August 4, 2022.
- ^ Copley, Michael (February 29, 2024). "ExxonMobil is suing investors who want faster climate action". NPR.
- ^ Holusha, John (April 21, 1989). "Exxon's Public-Relations Problem". The New York Times. ISSN 0362-4331. Retrieved July 9, 2020.
- ^ "11 Major Oil Spills Of The Maritime World". Marine Insight. Retrieved July 9, 2020.
- ^ Ian Thompson (July 30, 2012). "Private Empire: ExxonMobil and American Power". The Daily Telegraph. London. Archived from the original on February 11, 2018. Retrieved April 3, 2018.
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