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It was later acquired by ExxonMobil. The Fondrens established the Fondren Lectures in Religious Thought at Southern Methodist University in 1919. They gave major financial support for the construction of a new building at St. Paul's Methodist Church in 1929. In 1938 they donated nearly half a million dollars to SMU to build the Fondren Library.
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.
Hess began working for Exxon in 1957. Upon his Harvard graduation, Hess joined the Exxon-predecessor's policy-level management development system placing him on the corporate fast-track system. [1] Hess joined Exxon Company, USA in 1957, at the companies Bayway Refinery in Linden, New Jersey. Hess moved to Houston in 1961 in various capacities ...
Raymond began working for Exxon in 1963. Raymond became a director of Exxon in 1984 and in 1987 he became the president of the company. In 1993, he became CEO succeeding Lawrence G. Rawl and held this post until 2005. He negotiated the merger with Mobil that became effective on January 1, 2000, and gave birth to the new ExxonMobil company.
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Humble's restructuring allowed both companies to sell and market gasoline nationwide under the Esso, Enco and Humble brands. The Enco brand was introduced by Humble in the summer of 1960 at stations in Ohio, but was soon blackballed after Standard Oil of Ohio protested that Enco (Humble's acronym for "ENergy COmpany") sounded and looked too much like Esso as it shared the same oval logo with ...
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