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ExxonMobil is the largest non-government owned integrated oil company, producing about 3 percent of the world’s oil and about 2 percent of the world’s energy. To meet these demands, ExxonMobil operates facilities and markets products around the world and explores for oil and natural gas on six continents. ExxonMobil is involved in the exploration and production of crude oil and natural gas; the manufacture of petroleum products; and the transportation and sale of crude oil, natural gas, and petroleum products.
ExxonMobil is organized functionally into a number of global operating divisions. These divisions are grouped into three categories: Upstream, which includes oil exploration, extraction, shipping, and wholesale operations; Downstream, which includes marketing, refining, and retail operations; and the Chemical Division. The Upstream and Chemical divisions are headquartered in Houston, Texas; the Downstream division is headquartered in Fairfax, Virginia. ExxonMobil also has several ancillary divisions, such as Coal & Minerals, which are stand-alone divisions. The Upstream division accounts for approximately 70% of the company’s revenue.
While ExxonMobil is a generous contributor to environmental causes, the company’s environmental record has been targeted by critics. The Exxon Valdez oil spill in Prince William Sound, Alaska, on March 24, 1989, left Exxon (now ExxonMobil) widely criticized for both the accident and the company’s ensuing cleanup efforts.
ExxonMobil was formed on November 30, 1999, by the merger of Exxon and Mobil, which were both created from the John D. Rockefeller corporation, Standard Oil, established in 1870. In 1911, a U.S. Supreme Court decision broke up Standard Oil into 34 separate companies, including the two which evolved into Exxon and Mobil. In 1999, Exxon and Mobil joined together to form the ExxonMobil Corporation. Today, ExxonMobil is the world’s largest publicly traded international oil and gas company, best known by the familiar brand names of Exxon, Esso, and Mobil.
The ExxonMobil Corporation is listed on the New York Stock Exchange under the symbol “XOM”. ExxonMobil had revenues of $310.58 billion in 2009 and a net income of $19.28 billion. Major competitors for ExxonMobil include BP and Chevron.
Arnold & Itkin represented nearly a third of the crewmembers injured in the Deepwater Horizon explosion.
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