The Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007, having interchanged this status with Wal-Mart in recent years, as oil prices have fluctuated. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at current rates of production, are expected to last over 14 years. While it is the largest of the six oil supermajors with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007, this is only approximately 3% of world production and ExxonMobil's daily production is surpassed by several of the largest state-owned petroleum companies. When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.
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Blog Tags. Post Tags. 85 items found. Tag Search Results For 'exxon mobil' (85) ... Exxon Mobil Posts Record $14.8 Billion Profit, Shell Tops Estimat...www.blogcatalog.com/post-tag/exxon%20mobil/The Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007, having interchanged this status with Wal-Mart in recent years, as oil prices have fluctuated. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at current rates of production, are expected to last over 14 years. While it is the largest of the six oil supermajors with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007, this is only approximately 3% of world production and ExxonMobil's daily production is surpassed by several of the largest state-owned petroleum companies. When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.
Currently, the company ranks #1 in the world in net income, which was almost $40 billion last year.
Organization
The Exxon Mobil Corporation global headquarters are located in Irving, Texas. ExxonMobil markets products around the world under the brands of Exxon, Mobil, and Esso. It also owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership) in Canada, and SeaRiver Maritime, a petroleum shipping company.
The upstream division dominates the company's cashflow, accounting for approximately 70% of revenue. The company employs over 82,000 people worldwide, as indicated in ExxonMobil's 2006 Corporate Citizen Report, with approximately 4,000 employees in its Fairfax downstream headquarters and 27,000 people in its Houston upstream headquarters.
Operating divisions
ExxonMobil is organized functionally into a number of global operating divisions. These divisions are grouped into three categories for reference purposes, though the company also has several ancillary divisions, such as Coal & Minerals, which are stand alone.
- Upstream (oil exploration, extraction, shipping, and wholesale operations) based in Houston, Texas
- Downstream (marketing, refining, and retail operations) based in Fairfax, Virginia
- Chemical division based in Houston, Texas
Operating divisions by category are as follows:
- Upstream
- ExxonMobil Exploration Company
- ExxonMobil Development Company
- ExxonMobil Production Company
- ExxonMobil Gas and Power Marketing Company
- ExxonMobil Upstream Research Company
- Downstream
- ExxonMobil Refining and Supply Company
- ExxonMobil Fuels Marketing Company
- ExxonMobil Lubricants & Specialties Company
- ExxonMobil Research and Engineering Company
