ExxonMobil
American multinational oil and gas corporation formed by Exxon-Mobil merger.
ExxonMobil Holdings Corporation is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the company was formed in 1999 with the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the eighth-largest company by revenue in the U.S. and 13th-largest in the world, and the largest investor-owned oil company in the world.
- founded
- 1999
- headquarters
- Spring, Texas, USA
- industry
- Oil and gas
- nationality
- American
- known_for
- Largest direct successor of Standard Oil; major oil spills; climate change denial
Lore & Background
In 1998, Exxon and Mobil agreed to merge, with the deal closing on November 30, 1999; Exxon was the surviving company and bought Mobil.
Reader's Guide
ExxonMobil is significant as the largest investor-owned oil company in the world and a major contributor to global energy production, producing about 3% of the world's oil and about 2% of the world's energy. Its operations span upstream, downstream, and chemicals, with a vast global footprint. The company has been widely criticized and sued for environmental incidents, including the 1989 Exxon Valdez oil spill, and for its history of climate change denial against the scientific consensus that fossil fuels contribute to global warming. Its legacy includes both industrial scale and significant environmental and legal controversies.
Did You Know?
- ExxonMobil was formed in 1999 by the merger of Exxon and Mobil, with Exxon as the surviving company.
- The company is responsible for the 1989 Exxon Valdez oil spill in Alaska, one of the world's worst oil spills in terms of environmental damage.
- ExxonMobil is the largest investor-owned oil company in the world.
Frequently Asked Questions
Who is ExxonMobil?
ExxonMobil is an American multinational oil and gas corporation based in Spring, Texas, a suburb of Houston. It came into existence in 1999 when Exxon and Mobil merged into a single entity.
What is ExxonMobil's origin story?
The company traces its lineage back to John D. Rockefeller's Standard Oil, making it the largest direct successor to that historic trust. Its modern form, however, was only forged in 1999 through the Exxon-Mobil merger.
What are ExxonMobil's 'powers' or core role?
It operates vertically across the entire oil and gas value chain, from upstream exploration to downstream refining and retail. It also runs a chemicals division that manufactures plastics, synthetic rubber, and a range of other industrial chemical products.
Why is ExxonMobil important in the real world?
As the largest U.S.-based oil and gas company, it ranks eighth by revenue among American firms and thirteenth globally. Its sheer scale makes it a defining force in global energy markets and industrial chemistry.
What controversies surround ExxonMobil?
The company has been linked to several major oil spills over the decades and has drawn sustained criticism for internal documents suggesting long-standing awareness of climate risks. These issues remain central to public and regulatory debates around the firm.
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