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The plant was closed and dismantled in In late s, Jersey Standard entered into the nuclear industry. In , it created a subsidiary, Jersey Nuclear Company later: Exxon Nuclear Company , for manufacturing and marketing of uranium fuel, which was to be fabricated from uranium concentrates mined by the mineral department of Humble Oil later: Exxon Minerals Company.
Uranium ore processing started in The facility was closed in In , Exxon was unveiled as the new, unified brand name for all former Enco and Esso outlets.
Along with the new name, Exxon settled on a rectangular logo using red lettering and blue trim on a white background, similar to the familiar color scheme on the old Enco and Esso logos.
Due to the oil embargo of , Exxon and Mobil began to expand their exploration and production into the North Sea , the Gulf of Mexico , Africa, and Asia.
Mobil diversified its activities into retail sale and packaging by acquiring the parent company of Montgomery Ward and Container Corporation of America.
The Exxon Valdez oil spill was the second largest in U. Congress passed the Oil Pollution Act of In , Exxon entered into the Russian market by signing a production sharing agreement on the Sakhalin-I project.
ExxonMobil , the largest oil company and the third-largest company in the world. This was the largest corporate merger at that time.
At the time of the merge, Exxon was the world's largest energy company while Mobil was the second-largest oil and gas company in the United States.
The merger announcement followed shortly after the merge of British Petroleum and Amoco , which was the largest industrial merger at the time. Mobil's shareholders received 1.
The head of Exxon Lee Raymond remained the chairman and chief executive of the new company and Mobil chief executive Lucio Noto became vice-chairman.
In the late s and early s, ExxonMobil has received a lot of criticism along with BP , China National Petroleum Corporation , Royal Dutch Shell , and Lukoil , for increasing oil production facilities in the Rumaila oil field and West Qurna Field following the Iraqi government's lack of power and instability resulting from the Iraq War.
This practice is considered to be beneficial to the big oil consumer countries and allows Exxon to produce higher profit crude oil products such as plastic, fertilizer, medication, lubricant, and clothing.
In , ExxonMobil started to phase-out from the United States direct-served retail market by selling its service stations. The usage of Exxon and Mobil brands was franchised to the new owners.
In , ExxonMobil bought XTO Energy , the company focused on development and production of unconventional resources. In , ExxonMobil started a coalbed methane development in Australia, but withdrew from the project in In , ExxonMobil confirmed a deal for production and exploration activities in the Kurdistan region of Iraq.
ExxonMobil alleged that the Venezuelan government illegally expropriated its Venezuelan assets in and paid unfair compensation.
In September , the Securities and Exchange Commission contacted ExxonMobil, questioning why unlike some other companies   they had not yet started writing down the value of their oil reserves , given that much may have to remain in the ground to comply with future climate change legislation.
In October , ExxonMobil conceded it may need to declare a lower value for its in-ground oil, and that it might write down about one-fifth of its reserves.
Also in September , ExxonMobil successfully asked a U. By this time, as a result of numerous mergers and rebranding, the remaining Standard Oil companies that previously objected to the Esso name had been acquired by BP.
ExxonMobil cited trademark surveys in which there was no longer possible confusion with the Esso name as it was more than seven decades before.
BP also had no objection to lifting the ban. In January , Federal climate investigations of ExxonMobil were considered less likely under the new Trump administration.
ExxonMobil representatives said that because Infineum was based in Europe and the transactions did not involve any U. In April , Donald Trump 's administration denied a request from ExxonMobil to allow it to resume oil drilling in Russia.
Representative Adam Schiff D-California said that the "Treasury Department should reject any waiver from sanctions which would allow Exxon Mobile or any other company to resume business with prohibited Russian entities.
In July , ExxonMobil filed a lawsuit against the Trump administration challenging the finding that the company violated sanctions imposed on Russia.
William Holbrook, a company spokesman, said that the ExxonMobil had followed "clear guidance from the White House and Treasury Department when its representatives signed [in May ] documents involving ongoing oil and gas activities in Russia with Rosneft".
In June , following Washington D. It came after two separate attacks on United States Military bases in Iraq and one week after two oil tankers being hit by a 'flying object' in the Gulf of Oman.
The U. Navy's investigation has led to reasonable suspicion to believe Tehran 's connection to the attacks. According to the company, the job cuts are necessary in order to produce cost cuts and they will be implemented by the end of The number of job cuts represents one-tenth of the company's workforce, which was estimated at nearly 75, by the end of ExxonMobil is organized functionally into a number of global operating divisions.
It also owns hundreds of smaller subsidiaries such as Imperial Oil Limited All natural gas activities are conducted by its subsidiary, XTO Energy.
As of December 31, , ExxonMobil owned In Canada, the company holds 5. In Argentina, ExxonMobil holds 0. In Africa, upstream operations are concentrated in Angola where it owns 0.
Together with Rosneft , it has developed In Australia, ExxonMobil held 1. In Papua New Guinea, it holds 1.
ExxonMobil markets products around the world under the brands of Exxon , Mobil , and Esso. Exxon is the primary brand in the rest of the United States, with the highest concentration of retail outlets located in New Jersey, Pennsylvania, Texas shared with Mobil , and in the Mid-Atlantic and Southeastern states.
ExxonMobil Chemical is a petrochemical company that was created by merging Exxon's and Mobil's chemical industries. Its principal products includes basic olefins and aromatics , ethylene glycol , polyethylene , and polypropylene along with speciality lines such as elastomers , plasticizers , solvents , process fluids, oxo alcohols and adhesive resins.
The company also produces synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts.
The company was an industry leader in metallocene catalyst technology to make unique polymers with improved performance. Infineum, a joint venture with Royal Dutch Shell, is manufacturing and marketing crankcase lubricant additives, fuel additives , and specialty lubricant additives, as well as automatic transmission fluids , gear oils , and industrial oils.
ExxonMobil conducts research on clean energy technologies, including algae biofuels , biodiesel made from agricultural waste, carbonate fuel cells , and refining crude oil into plastic by using a membrane and osmosis instead of heat.
According to Fortune Global , ExxonMobil was the second largest company, second largest publicly held corporation , and the largest oil company in the United States by revenue.
ExxonMobil's headquarters are located in Irving, Texas. The company has a new campus located in northern Houston. Before his election as chairman and CEO, Woods was elected president of ExxonMobil and a member of the board of directors in The current members of ExxonMobil management committee as of February 6, , are: .
ExxonMobil's environmental record has faced much criticism for its stance and impact on global warming. From the late s through the s, Exxon funded research broadly in line with the developing public scientific approach.
ExxonMobil funded organizations opposed to the Kyoto Protocol and seeking to influence public opinion about the scientific consensus that global warming is caused by the burning of fossil fuels.
In , the New York Attorney General launched an investigation whether ExxonMobil's statements to investors were consistent with the company's decades of extensive scientific research.
Seventeen attorney generals were cooperating on investigations. Scientists and environmental groups have voiced concern that the Sakhalin-I oil and gas project in the Russian Far East, operated by an ExxonMobil subsidiary Exxon Neftegas, threatens the critically endangered western gray whale population.
Christopher Porrino served as Chief Counsel to the Christie administration from January through July and handled negotiations in the case. ExxonMobil is the target of human rights violations accusations for actions taken by the corporation in the Indonesian territory of Aceh.
The book was also reviewed in The Economist , according to which "ExxonMobil is easy to caricature, and many critics have done so It is to Steve Coll's credit that Private Empire , his new book about ExxonMobil, refuses to subscribe to such a simplistic view.
It notes that the company shut down its operations in Indonesia to distance itself from the abuses committed against the population by that country's army and that it decided to drill in Chad only after the World Bank agreed to ensure that the oil royalties were used for the population's benefit.
The review closes by noting that "A world addicted to ExxonMobil's product needs to look in the mirror before being too critical of how relentlessly the company supplies it.
IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman, an area that geologists believed to be rich in oil.
This led to the outbreak of Jebel Akhdar War in Oman that lasted for more than 5 years. The Valdez spill is 36th worst oil spill in history in terms of sheer volume.
The State of Alaska's Exxon Valdez Oil Spill Trustee Council stated that the spill "is widely considered the number one spill worldwide in terms of damage to the environment".
Because carcasses typically sink to the seafloor, it is estimated the death toll may be , seabirds , 2, sea otters , harbor seals , bald eagles , and up to 22 killer whales.
Billions of salmon and herring eggs were also killed. As of , oil remained on or under more than half the sound's beaches, according to a federal survey.
The government-created Exxon Valdez Oil Spill Trustee Council concluded that the oil disappears at less than 4 percent per year, adding that the oil will "take decades and possibly centuries to disappear entirely".
Of the 27 species monitored by the council, 17 have not recovered. While the salmon population has rebounded, and the orca whales are recovering, the herring population and fishing industry have not.
Exxon was widely criticized for its slow response to cleaning up the disaster. John Devens, the Mayor of Valdez, has said his community felt betrayed by Exxon's inadequate response to the crisis.
The renamed subsidiary, though wholly Exxon-controlled, has a separate corporate charter and board of directors, and the former Exxon Valdez is now the SeaRiver Mediterranean.
The renamed tanker is legally owned by a small, stand-alone company, which would have minimal ability to pay out on claims in the event of a further accident.
In , Exxon still uses more single-hull tankers than the rest of the largest ten oil companies combined, including the Valdez's sister ship, the SeaRiver Long Beach.
The refinery produced fuel oils, gasoline, kerosene and solvents. Naptha and gas oil, secondary products, were also stored in the refinery area.
Regulators opened an investigation in response to the pipeline oil spill. On June 14, , a bleeder plug on a tank in the Baton Rouge Refinery failed and began leaking naphtha , a substance that is composed of many chemicals including benzene.
On June 18, Baton Rouge refinery representatives told the LDEQ that ExxonMobil's chemical team determined that the June 14 spill was actually a level 2 incident classification, which means that a significant response to the leak was required.
Because the spill estimate and the actual amount of chemicals spilled varied drastically, the LDEQ launched an in-depth investigation on June 16 to determine the actual amounts of chemicals spilled as well as to find out what information the refinery knew and when they knew it.
A spokesman for ExxonMobil said that the oil is within 10 miles of the spill site. However, Montana Governor Brian Schweitzer disputed the accuracy of that figure.
It did not admit liability. From Wikipedia, the free encyclopedia. This article is about Exxon Mobil Corp.
For the company's subsidiaries, see Exxon and Mobil. American multinational oil and gas corporation. Esso Exxon Mobil. Irving, Texas. Crude oil Oil products Natural gas Petrochemicals Power generation.
Operating income. Net income. XTO Energy. Main article: Standard Oil. This section needs additional citations for verification.
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This article needs to be updated. Please update this article to reflect recent events or newly available information. January Main article: ExxonMobil climate change controversy.
Main article: Sakhalin-I. Main article: ExxonMobil-New Jersey environmental contamination settlement. Main article: Accusations of ExxonMobil human rights violations in Indonesia.
Main article: Exxon Valdez oil spill. Main article: Greenpoint oil spill. Main article: Mayflower oil spill.
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Mitigating emissions. Job creation. Key topics. Cleaner power: reducing emissions with carbon capture and storage For more than 30 years, ExxonMobil engineers and scientists have researched, developed and applied technologies that could play a role in the widespread deployment of carbon capture and storage.
Effectively managing methane emissions Natural gas is a versatile fuel, capable of powering utilities, homes and transportation. It also emits significantly fewer pollutants than coal power generation, including NOx, SOx, particulates, mercury, and up to 60 percent fewer greenhouse gas emissions GHGs.
As recognized by the International Energy Agency and others, natural gas provides substantial air pollution and GHG benefits compared with coal, and can play a vital role in contributing to a sustainable energy mix.
The IEA notes that addressing methane emissions across the value chain can further improve this strong environmental and sustainability profile. Our coronavirus response: Meeting a new challenge ExxonMobil is working to help meet the needs of health care professionals fighting this pandemic on the frontlines, as well as those socially distancing themselves at home.
While those needs continue to evolve, the company remains focused on working to meet global energy demand.
Our hiring process From finding the right opportunity to accepting an offer, here's what to expect when applying at ExxonMobil. Energy Factor Dreaming of new possibilities How battery power opened the door to energy opportunity in Guyana Energy is essential for everyday tasks like cooking, cleaning and bathing.
But when energy is scarce, these seemingly simple tasks can take u Business divisions. Our history. Management Committee.
Guiding principles. Career opportunities. Featured hiring locations. Our hiring process. Find a service station.
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