Exxon Mobil Net Worth is$407.4 B
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Exxon Mobil Corporation (NYSE: XOM) or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas. It is affiliated with Imperial Oil which operates in Canada.
ExxonMobil is the world's largest company by revenue and one of the largest publicly traded companies by market capitalization in the world. The company is ranked #1 globally in Forbes Global 2000 list in 2012. Exxon Mobil's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at then (2007) rates of production, are expected to last over 14 years. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels (1,000,000 m3), Exxon Mobil is the largest refiner in the world, a title that was also associated with Standard Oil since its incorporation in 1870.
ExxonMobil is the largest of the six oil supermajors with daily production of 3.921 million BOE (barrels of oil equivalent). In 2008, this was approximately 3% of world production, which is less than 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.
A 2012 article in The Daily Telegraph says that ExxonMobil has "grown into one of the planeta??s most hated corporations, able to determine American foreign policy and the fate of entire nations". In terms of its environmental record, ExxonMobil increasingly drills in terrains leased to them by dictatorships, such as those in Chad and Equatorial Guinea.Lee Raymond, the corporationa??s chief executive until 2005, was "notoriously sceptical about climate change and disliked government interference at any level". The company was widely criticized for its slow response to cleaning its 1989 Valdez oil spill in Alaska.
The Exxon Mobil Corporation headquarters i

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Exxon Mobil Latest News

ExxonMobil explains divestment from downstream as shareholders react

ExxonMobil, an American multinational oil and gas corporation, has said that its divestment of 60 per cent stake in Mobil Oil Nigeria Plc, to Nipco Plc., would create opportunity for growth of the company’s brand. But, shareholders expressed mixed ...
Posted: October 25, 2016, 8:36 pm

Exxon Mobil puts down deep and lucrative roots

In 1961, a wealthy European family seeking a haven for their investments purchased 2,000 heavily forested acres north of Houston, part of a three-decade-long buying spree in this country. U.S. real estate, the family had determined, was the world's best ...
Posted: October 25, 2016, 9:52 pm

ExxonMobil divestment: Investors pull back bullish sentiment

THE divestment of ExxonMobil, United State-based international oil company, from the Nigerian subsidiary, Mobil Oil Nigeria (MON) Plc, may have resonated positively with the Nigerian investors as the company’s stock recorded significant appreciation in ...
Posted: October 25, 2016, 4:01 pm
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