Exxon Net Worth is$486.429 Billion
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What is Exxons net worth? Exxons net worth is $486.429 billion. Exxon, or Exxon Mobil, is a corporation focused on gas and mobile production based in Irving, Texas. The company was formed in 1999, when Exxon and Mobil were merged. Exxon, which is a gasoline, diesel fuel, auto repair, and convenience store company, was formed in the early 70s, as a merger between three smaller oil companies that had been around since the late 1880s. It is currently the largest of the oil supermajors, and produces 3.291 million barrels of oil a day. It is also the largest publicly traded company in the world and the largest company in the world based on revenue. Exxon and Mobil were originally part of the same company, John D. Rockefellers Standard Oil Trust, but were split apart in the 1890s, so as not to monopolize the market. Their merger in 1998, was unprecedented, as it meant that previously merged companies were re-merging, and that the two largest oil companies were becoming one. The Exxon Corporation has come under fire for multiple oil spills, and uses more single-hull oil tankers to ship crude oil than the ten other oil companies combined. The company has been responsible for the 1989 Exxon Valdez spill (11 million gallons), the Greenpoint, Brooklyn spill (17 to 30 million gallons over a 100 year span), the 2011 Yellowstone River Spill (1000 barrels of oil), and the 2012 Baton Rouge pipeline spill (80,000 gallons).
Exxon is a gas station as well as a brand of motor fuel and related products by ExxonMobil. In the early 21st century, Exxon's headquarters was located in Darien, Connecticut. From 1972 to 1999, Exxon was the corporate name of the company previously known as Standard Oil Company of New Jersey or Jersey Standard.
Exxon formally replaced the Esso, Enco, and Humble brands in the United States on January 1, 1973. The Esso name was a trademark of Jersey Standard Oil, and attracted protests from other Standard Oil spinoffs because of its similarity to the name of the parent company, Standard Oil. As a result, Jersey Standard was restricted from using Esso in the U.S., except in those states awarded to it in the 1911 Standard Oil antitrust settlement.
In states where it was restricted from using the Esso name, the company marketed under the Humble or Enco brands. The Humble brand was used at Texas stations for decades, as those operations were under the direction of Jersey Standard affiliate Humble Oil & Refining Company. In the middle to late 1950s, use of the Humble brand spread to other southwestern states, including Arizona, New Mexico, and Oklahoma.
In 1959, Jersey Standard gained full control of Humble Oil and restructured it into its U.S. marketing and refining division, to market nationwide under the Enco, Esso and Humble brands. Enco was created as an abbreviation of the phrase "ENergy COmpany." Humble introduced the Enco brand in 1960 in Oklahoma and surrounding states, to replace Humble's subsidiary Oklahoma and Pate brands. Humble also tried marketing under Enco in Ohio, but Standard Oil Company of Ohio (Sohio) protested that the Enco name and logo (a white oval with blue border and red lettering) too closely resembled that of Esso. Consequently, stations in Ohio were rebranded as Humble, and remained so until the Exxon brand came into use.
After the Enco brand was discontinued in Ohio, it was moved to other non-Esso states. In 1961, Humble stations

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Exxon Latest News

Exxon Mobil Corp. (XOM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 30.5% during the second quarter, Holdings Channel reports. The firm owned 212,173 shares of the company’s stock after buying an additional 49,558 shares during ...
Posted: October 21, 2016, 9:29 pm

Exxon Mobil Fights the Abusive Behavior of Democrat Attorneys General’s Climate Inquisition

Hans von Spakovsky is an authority on a wide range of issues—including civil rights, civil justice, the First Amendment, immigration, the rule of law and government reform—as a senior legal fellow in The Heritage Foundation’s Edwin Meese III Center ...
Posted: October 21, 2016, 2:08 pm

Exxon Mobil Sells 60% Stake in Nigeria Unit (XOM)

Exxon Mobil Corp. (XOM) has been active in sub-Saharan Africa, making a series of exploratory and asset moves that look to focus its portfolio in the region toward more upstream activity. On Thursday, the company agreed to sell a 60% stake in its Mobil Oil ...
Posted: October 21, 2016, 2:39 pm
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