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ExxonMobil traces its roots to Vacuum Oil Company, founded in 1866. Vacuum Oil later was acquired by Standard Oil in 1879, divested from Standard in 1911 with its breakup, and merged by the Standard Oil Company of New York (Socony), later known as Mobil, in 1931. After the 1911 breakup, Standard Oil continued to exist through its New Jersey ...
ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roots as far back as 1866 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s.
He faced criticism for his response to the oil spill — his slow public response and his demeanor in interviews [vague] were noted and the focus of criticism of the company. Rawl retired from Exxon in 1993 at the mandatory retirement age of 65 after 41 years with the company. [2] He was succeeded by Lee Raymond as CEO of the company. [3]
Lee Roy Raymond (born August 13, 1938) is an American businessman and was the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and served as president from 1987 and a director beginning in 1984.
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
Vacuum Oil Company was an American oil company known [according to whom?] for their Gargoyle 600-W steam cylinder motor oil. [citation needed] After being taken over by the original Standard Oil Company and then becoming independent again, in 1931 Vacuum Oil merged with the Standard Oil Company of New York to form Socony-Vacuum, later renamed to Mobil and eventually merging with Standard Oil ...
In 2012, the company bought out much of ExxonMobil's stake, reducing it to a 22% minority. In 2016, ExxonMobil sold the remainder of its stake. [38] In 2017, the company announced that it would merge with JX Group to form JXTG Holdings, with its petroleum business operating as JXTG Nippon Oil & Energy.
Esso (/ ˈ ɛ s oʊ /) is a trading name for ExxonMobil.Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. [1]