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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.
In May 2024, a Pennsylvania jury found ExxonMobil liable for negligently failing to warn about the health risks of benzene, which is classified by the US Environmental Protection Agency as a known carcinogen, and ordered the company to pay $725.5 million in compensatory damages to a former mechanic, Paul Gill, who claimed that his cancer was ...
Woods joined Exxon in 1992. He had worked for Exxon for 24 years prior to being promoted to CEO following Rex Tillerson's nomination by President Donald Trump to be the next United States Secretary of State. [2] [6] While his predecessor was involved in deal making and exploration, Woods is a veteran of the refining side of the oil business. [7]
Exxon Mobil is No. 3 on the Fortune 500 and the largest gas and oil corporation in the U.S., having posted a $36 billion profit in 2023. The firm has “tabled proposals" with governments ...
There are a lot of people out there who believe that an oil company like Exxon Mobil making hundreds of billions of dollars off of selling oil and gas, and a CEO like yourself who's making tens of ...
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America.Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources.
The technicalities of the merger, which was completed on November 30, 1999, showed that Exxon bought Mobil, and Mobil shareholders received a payment of stock in Exxon. [ 3 ] [ 4 ] Mobil continues as a brand name within the combined company, as well as still being a gas station sometimes paired with its own store or On the Run .
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