ExxonMobil
American multinational oil and gas corporation formed by Exxon-Mobil merger.
ExxonMobil Holdings Corporation is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the company was formed in 1999 with the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the eighth-largest company by revenue in the U.S. and 13th-largest in the world, and the largest investor-owned oil company in the world.
- founded
- 1999
- headquarters
- Spring, Texas, USA
- field
- Oil and gas
- nationality
- American
- known_for
- Largest direct successor of Standard Oil; major oil spills; climate change denial
Reader's Guide
ExxonMobil is significant as the largest investor-owned oil company in the world and a direct successor of John D. Rockefeller's Standard Oil. Its operations span upstream (oil exploration, extraction, shipping), downstream and chemical product solutions, and low carbon solutions. The company produces about 3% of the world's oil and about 2% of the world's energy. It has been widely criticized and sued for environmental incidents, including the 1989 Exxon Valdez oil spill, and for its history of climate change denial. Its legacy includes major global oil and gas holdings, a vast retail network under brands Exxon, Mobil, and Esso, and ongoing legal and environmental controversies.
Did You Know?
- ExxonMobil was formed in 1999 by the merger of Exxon and Mobil, with Exxon as the surviving company.
- The company is responsible for the 1989 Exxon Valdez oil spill in Alaska, one of the world's worst oil spills.
Frequently Asked Questions
Who is ExxonMobil?
ExxonMobil is an American multinational corporation that operates across the oil, gas, and chemicals industries. It holds the title of the largest U.S.-based oil and gas company and ranks as the eighth-largest by revenue in the United States.
How was ExxonMobil formed?
The company came into existence in 1999 when Exxon and Mobil merged into a single entity. It traces its corporate lineage back to John D. Rockefeller's Standard Oil, making it the largest direct successor to that historic trust.
What does ExxonMobil actually do?
The corporation is vertically integrated, handling everything from upstream exploration and drilling to downstream refining and retail fuel sales. Its chemicals division additionally manufactures plastics, synthetic rubber, and various other industrial chemical products.
Why is ExxonMobil controversial?
The company has faced sustained public criticism over its involvement in major oil spills and for internal documents revealing long-standing awareness of climate science while publicly downplaying the issue. These controversies have made it a frequent target of environmental activism and legal challenges.
Where is ExxonMobil headquartered?
The company's global headquarters sits in Spring, Texas, a suburb just outside Houston. This location places it squarely in the geographic heart of the U.S. energy industry.
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