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Exxon Mobil Corporation
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General Company Information:
It's not necessarily the oil standard, but Exxon Mobil is the world's largest integrated oil company (ahead of BP and Royal Dutch Shell). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. It has proved reserves of 13.2 billion barrels of oil equivalent. Exxon Mobil's 38 refineries in 21 countries have a throughput capacity of 6.3 million barrels per day. The company supplies refined products to nearly 34,000 service stations in 100 countries. It provides fuel to more than 600 airports and 200 seaports. Exxon Mobil is also a major petrochemical producer. The company posted consecutive US records for annual corporate earnings for 2005, 2006, and 2007.
Through ExxonMobil Chemical, the company develops and sells petrochemicals (including ethylene, olefin, polyolefin, and paraxylene). Another unit mines coal and other minerals. Exxon Mobil also has stakes in electric power plants in China.
With significant oil and gas holdings in Europe, the US, and eastern Canada, the company is looking for new opportunities in West Africa, both onshore and off; in the former Soviet Union; and in South America. It is also investing heavily in deepwater exploration (i.e., in water depths greater than 1,350 feet). Exxon Mobil is divesting coal and other mining assets in order to focus on its core oil and gas businesses.
Facing nationalization pressure from President Hugo Chavez, in 2007 Exxon Mobil became embroiled in a fierce dispute with the Venezuelan government over the future of its assets in that country.
In 2008 the company announced plans to sell to distributors its remaining 820 company-owned US gas stations and another 1,400 outlets operated by dealers.
Key Numbers
Headquarters: Irving, TX
Fiscal Year-End / December2007 Sales (mil.) / $404,552.0
1-Year Sales Growth / 7.1%
2007 Net Income (mil.) / $40,610.0
1-Year Net Income Growth / 2.8%
2007 Employees / 83,000
Key People
Chairman and CEO / Rex W. TillersonSVP and Treasurer / Donald D. (Don) Humphreys
SVP; President, ExxonMobil Chemical Company / Michael J. (Mike) Dolan
VP Human Resources / Lucille J. Cavanaugh
VP; President, ExxonMobil Exploration / A. T. Cejka
Products/Operations
Exxon Mobil operates in about 200 countries. Its oil and gas assets are in countries across the globe, including Angola, Argentina, Australia, Azerbaijan, Cameroon, Canada, Chad, Equatorial Guinea, France, Germany, Indonesia, Italy, Japan, Kazakhstan, Malaysia, the Netherlands, Nigeria, Norway, Papua New Guinea, Qatar, Russia, Thailand, the UK, the US (including the Gulf of Mexico), and Yemen.
Current News
ExxonMobil Working with Pratt & Whitney Rocketdyne to Develop Advanced Gasification Technology [Business Wire]
10/03/2008 02:00:00 PM
Business Wire
Business Editors/Energy Editors
IRVING, Texas--(BUSINESS WIRE)--October 3, 2008--ExxonMobil announced today that it has entered into an agreement with Pratt & Whitney Rocketdyne to develop next-generation technology to convert coal, coke or biomass to synthesis gas (i.e., CO and hydrogen), which could facilitate the use of carbon capture and storage to reduce greenhouse gas emissions from power generation.
ExxonMobil Chemical Completes Exxsol(TM) Hydrocarbon Fluids Capacity Expansion in Singapore [Business Wire]
10/02/2008 10:00:00 AM
Business Wire
Business Editors/Automotive Writers/Chemicals Writers
SINGAPORE--(BUSINESS WIRE)--October 2, 2008--ExxonMobil Chemical has completed a 130,000 tons per year capacity expansion at its Exxsol hydrocarbon fluids plant in Jurong Island, Singapore, increasing capacity at this site to more than 500,000 tons per year. The new capacity is designed to meet demand for differentiated hydrocarbon fluid products in Asia Pacific, which is growing at an estimated rate of six percent per year.
ExxonMobil Funds $1.6 Million Education Program in New Orleans [Business Wire]
10/02/2008 02:48:00 PM
Business Wire
Business Editors/Energy Editors
NEW ORLEANS--(BUSINESS WIRE)--October 2, 2008--The ExxonMobil Foundation announced today a donation of $1.6 million to launch a pilot program in four New Orleans public high schools to help students prepare for college.
Top Competitors
- BP (2007 Sales: $291,291.5 million)
- Chevron (2007 Sales: $220,904.0 million)
- Royal Dutch Shell (2007 Sales: $355,782.0 million)