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According to Fortune Global 500, ExxonMobil was the second largest company, second largest publicly held corporation, and the largest oil company in the United States by 2017 revenue. [113] 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 ...
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.
On November 30, 1999, Exxon Corporation and Mobil Oil Corporation merged with Mobil Oil New Zealand Limited now owned by new entity ExxonMobil. The company currently owns a 17.2 percent share in The New Zealand Refining Company Limited which operates an oil refinery at Marsden Point. It supplies roughly 20 percent of the total fuels market in ...
After the catastrophic Exxon Valdez oil spill in Alaska in 1989, the Exxon brand was damaged, and the company merged with Mobil a few years later. The Standard Oil Split (Source: Visual Capitalist)
The Humble brand was used by Standard Oil of New Jersey until 1973, when the company rebranded nationwide as Exxon and discontinued Humble, along with its other brands Esso [a] and Enco. [2] Today, Humble's assets are owned and operated by ExxonMobil, which formed from the merger of Exxon and Mobil (Standard Oil of New York) in 1999.
In this series, we drill down on one company's returns to see how each of those three has played a role over the past decade. Step on up, ExxonMobil ( NYS: XOM ) . Exxon has returned a total of ...
Occidental Petroleum is an integrated energy company. That means that it owns assets in the upstream (oil and natural gas production), midstream ( pipelines ), and downstream ( chemicals and ...
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]