Exxon Mobil logo

Exxon Mobil (XOM) is one of the largest oil and petroleum companies in the world. Based on market capitalization, it is the biggest publicly traded company globally. Exxon Mobil has a strong history of performance. The list of the Largest Corporate Annual Earnings of All Time features the company in slots 1 through 4. Currently, the stock price continues to show positive movement.

Exxon Mobil is responsible for 3% of the oil globally and 2% global energy production. This is the largest contribution outside of government owned energy companies. In late 2009, Exxon Mobil announced the acquisition of XTO Energy. The takeover will be conducted through stock transactions worth $41 billion. This acquisition will increase the companies resource base by about 10%.\r\n\r\nThey are also engaged in a variety activities associated with oil and gas production. The company is divided into 4 operating divisions. The upstream division is focused on wholesale operations including exploration, extraction and shipping. The downstream division is focused on retail operations including marketing and refining. The chemical division is focused on research and non-energy related uses such as plastics, lubricants and other petrochemicals. The global services division oversees information technology, procurement, real estate and facilities.

Company History

The company was formed in 1999 through a merger of Exxon and Mobil. Both companies were part of Standard Oil which John D. Rockefeller founded in 1870. In 1911 the U.S. Supreme Court split Standard Oil into 34 different companies. Today XOM stock is one of the largest oil company stocks publicly traded. Currently the corporate headquarters are located in Irving Texas.

Exxon Mobil received significant negative publicity in 1989 when the Exxon Valdez spilled 11 million gallons of oil in Prince William Sound. While this was not the largest oil spill, it gained the most publicity due to its environmental impact on the Alaskan coast and significantly lowered Exxon Mobil's stock price. Exxon Mobil contributes significantly to environmental causes. In 2007 alone ExxonMobil contributed more than $6.5 million. In 2010, the company, together with 4 other major oil companies, formed a non-profit company to respond to deep water oil spills. The companies contributed $1 billion collectively to the effort.

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