EXXON MOBIL

EXXON MOBIL

Its name considered among top American multinational oil and gas corporations. Its head quarter is located in Irving, Texas, USA. It is the direct successor of Standard Oil Company which was founded by John D Rockefeller and was born on November 30, 1999 as a result of merging of two companies, Exxon and Mobil. In Canada, it is affiliated to Imperial oil to operate in that company. In world, it is fifth largest company by the revenue generation. It is at number two in terms of market capitalization by a publicly traded company and is at number six in the Forbes list of global 2000 list in 2014 which is a commendable feat to achieve.

In 2007, it was reported that its rates of production will last more than fourteen years. It owns thirty-seven oil refineries in twenty-one countries and its reserves amounts to 25.2 billion barrels of oil equivalent. With its combined daily refined capacity of 6.3 million barrels, the company has emerged as the largest refiner in the world, a title which was previously owned by its predecessor, Standard Oil since its incorporation in 1870. With a daily production of an amazing number of 3.921 million barrels of oil equivalent, the company is the largest in the world’s super majors. The company has courted numerous criticisms like the criticism on its lack of speed during the cleanup efforts after the disastrous Exxon Valdez oil spill in 1989 in Alaska. But Exxon has overcome all the hurdles to become one of the top five companies. 

 

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