ExxonMobil: overview
ExxonMobil (XOM) is an American publicly traded global energy and petrochemical company. One of the world’s largest manufacturers and marketers of petroleum and chemical products, ExxonMobil holds a comprehensive inventory of resources and operates the world’s largest integrated refineries.
With corporate headquarters in Irving, Texas, the USA, the company operates facilities in most countries globally and explores oil and natural gas on six continents.
The history
Over 135 years of its history, ExxonMobil has evolved from a regional kerosene seller in the USA into one of the largest publicly traded oil and gas enterprises worldwide.
ExxonMobil as it is known today was established on 30 November 1999, which resulted from a merger of Exxon and Mobil. The two oil enterprises are successors of the Standard Oil Company, founded by John D. Rockefeller and his associates in 1870.
1882 saw the foundation of Standard Oil Trust, which included the Standard Oil Company of New York, or Socony, and the Standard Oil Company of New Jersey, or Jersey Standard.
In 1911, Standard Oil was broken up into 34 companies.
Jersey Standard officially changed its trade name into Exxon Corporation in 1972; Socony became Mobil in 1963.
Business divisions and brands
ExxonMobil operates across four global functional units:
- The Upstream division explores, develops and produces oil and natural gas.
- The Downstream division refines natural gas raw materials and crude oil into fuels, lubricants, and more.
- The Chemical division produces a variety of commodity and specialty chemical products.
- The Corporate and Financing division is engaged in the company’s gas, natural gas liquids, and power marketing.
Worldwide, ExxonMobil sells its fuels and lubricants under 4 brands: Exxon, Esso, Mobil and ExxonMobil Chemical.
The company employs approximately 70,000 staff members globally. 19,000 of them are scientists and engineers, who have received over 3,300 patents in the USA alone since 2008.
Listing and indices
ExxonMobil is traded on the New York Stock Exchange (NYSE) under the ticker symbol ‘XOM’. The company’s shares are part of the DJIA, the S&P 100 and the S&P 500.
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