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,[3] and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas. Its affiliated with Imperial Oil which operates in Canada.
ExxonMobil is one of the largest publicly traded companies in the world, having been ranked either #1 or #2 for the past 5 years. However they are currently 6th according to Forbes Global 2000. 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.[4] With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels, Exxon Mobil is the largest refiner in the world,[5][6] a title that was also associated with Standard Oil since its incorporation in 1870.[7]
ExxonMobil is the largest of the six oil supermajors[8] 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.[9] When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.
Exxon Mobil Corporation (Exxon Mobil), incorporated in 1882, is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. The Company has several divisions and hundreds of affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. On June 25, 2010, ExxonMobil acquired XTO Energy Inc. (XTO) by merging a wholly owned subsidiary of ExxonMobil with and into XTO (the merger), with XTO continuing as the surviving corporation and a wholly owned subsidiary of ExxonMobil. In October 2010, Global Partners LP acquired retail gasoline stations from Exxon Mobil.
Syncrude is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen, and then upgrade it to produce a high-quality, light, sweet, synthetic crude oil. Imperial Oil Limited is the owner of a 25% interest in the joint venture. Exxon Mobil Corporation has a 69.6% interest in Imperial Oil Limited. In 2010, the Company’s share of net production of synthetic crude oil was about 67,000 barrels per day. The Syncrude leases cover about 63 thousand acres in the Athabasca oil sands deposit.
The Kearl project is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen. Imperial Oil Limited holds a 70.96% interest in the joint venture and ExxonMobil Canada Properties holds the other 29.04%. Exxon Mobil Corporation has a 69.6% interest in Imperial Oil Limited and a 100% interest in ExxonMobil Canada Properties. Kearl comprises six oil sands leases covering about 48 thousand acres in the Athabasca oil sands deposit. The Kearl project is located approximately 40 miles north of Fort McMurray, Alberta, Canada.
UNITED STATES
As of December 31, 2010, ExxonMobil’s acreage holdings totaled 14.8 million net acres, of which 2.2 million net acres were offshore. ExxonMobil was active in areas onshore and offshore in the lower 48 states and in Alaska. During 2010, 879.5 net exploration and development wells were completed in the inland lower 48 states, including development activities in the Barnett Shale of North Texas, the Freestone Trend of East Texas, the Haynesville Shale of Texas and Louisiana, the Fayetteville Shale of Arkansas, the Woodford Shale of Oklahoma, the Bakken oil play in North Dakota and Montana, the Marcellus Shale of Pennsylvania and West Virginia, the Eagle Ford Shale of South Texas, and the Piceance Basin of Colorado. As of December 31, 2010, ExxonMobil’s net acreage in the Gulf of Mexico was 2.1 million net acres. A total of 3.7 net exploration and development wells were completed during 2010. The non-operated St. Malo project in the Gulf of Mexico was approved in 2010. Offshore California 1.0 net development well was completed. The Golden Pass liquefied natural gas (LNG) regasification terminal in Texas commenced operations in 2010.
CANADA/SOUTH AMERICA
As of December 31, 2010, ExxonMobil’s acreage holdings in Canada totaled 6 million net acres, of which 2.3 million net acres were offshore. A total of 129 net exploration and development wells were completed during 2010. The Hibernia Southern Extension project development plan was approved in 2010. As of December 31, 2010, ExxonMobil’s in situ bitumen acreage holdings totaled 0.5 million net onshore acres. A total of 110 net development wells were completed during 2010. ExxonMobil’s net acreage in Argentina totaled 0.3 million onshore acres as of 2010, and there were 2 net development wells completed during 2010.
EUROPE
As of December 31, 2010, a total of 4.8 million net onshore acres and 0.1 million net offshore acres in Germany were held by ExxonMobil, with 7.3 net exploration and development wells completed during 2010. ExxonMobil’s net interest in licenses totaled approximately 1.6 million acres in Netherlands as of 2010, of which 1.2 million acres are onshore. A total of three net exploration and development wells were completed during 2010. ExxonMobil’s net interest in licenses in 2010 totaled approximately 0.6 million acres in Norway, all offshore. ExxonMobil’s net interest in licenses in 2010 totaled approximately 0.4 million acres in United Kingdom, all offshore. A total of 2.9 net development wells were completed during 2010. The South Hook LNG terminal reached full capacity of two billion cubic feet per day in 2010.
AFRICA
As of December 31, 2010, ExxonMobil’s acreage holdings in Angola totaled 0.6 million net offshore acres, and 2.2 net exploration and development wells were completed during 2010. The Angola Gas Gathering Project started up on-block gas handling in 2010, and project work continued on Kizomba Satellites Phase I. As of 2010, ExxonMobil’s net acreage holdings consisted of 63 thousand onshore acres with 46 net exploration and development wells completed during 2010. As of 2010, ExxonMobil’s net acreage holdings in Chad consisted of 63 thousand onshore acres with 46 net exploration and development wells completed during 2010. ExxonMobil’s acreage totaled 0.1 million net offshore acres in 2010, with 5.3 net development wells completed during 2010. ExxonMobil’s net acreage in Nigeria totaled one million offshore acres in 2010, with 9.4 net exploration and development wells completed during 2010.
ASIA
As of December 31, 2010, ExxonMobil’s net acreage, located in the Caspian Sea offshore of Azerbaijan, totaled 60 thousand acres. At the Azeri-Chirag-Gunashli field, 0.6 net development wells were completed. In Indonesia, ExxonMobil had 4.4 million net acres, 3.3 million net acres offshore and 1.1 million net acres onshore as of December 31, 2010. A total of 0.8 net exploration wells were completed during 2010. As of December 31, 2010, ExxonMobil’s onshore acreage in Iraq was 87 thousand net acres. During 2010, a contract was signed with South Oil Company of the Iraqi Ministry of Oil to redevelop and expand the West Qurna (Phase I) oil field. In 2010, initial field rehabilitation activities commenced. Its net acreage in Kazakhstan totaled 0.1 million acres onshore and 0.2 million acres offshore in 2010, with 0.2 net development wells completed during 2010.
ExxonMobil has interests in production sharing contracts covering 0.5 million net acres offshore Malaysia during 2010. During 2010, a total of 5.1 net exploration and development wells were completed. Through its joint ventures with Qatar Petroleum, ExxonMobil’s net acreage totaled 60 thousand acres offshore during 2010. ExxonMobil’s net acreage in the Republic of Yemen production sharing areas totaled 10 thousand acres onshore during 2010. ExxonMobil’s net acreage holdings in Russia, during 2010, were 85 thousand acres, all offshore. A total of 1.5 net development wells were completed at the Sakhalin-1 Odoptu field during 2010, which started production in 2010. ExxonMobil’s net onshore acreage in Thailand concessions totaled 21 thousand acres during 2010. ExxonMobil’s net acreage in the Abu Dhabi offshore Upper Zakum oil concession was 81 thousand acres during 2010. During 2010, 0.6 net development wells were completed, as rig activity focused mainly on workovers and injection wells. Its net acreage in the Abu Dhabi onshore oil concession was 0.5 million acres during 2010, of which 0.4 million acres are onshore and a total of 4.3 net development wells were completed.
AUSTRALIA/OCEANIA
ExxonMobil’s net offshore acreage holdings in Australia totaled 1.7 million acres and a total of 5.3 net exploration and development wells were drilled in 2010. A total of 0.4 million net onshore acres were held by ExxonMobil in Papua New Guinea during 2010, with 0.4 net development wells completed in 2010. In 2010, the Papua New Guinea liquefied natural gas project commenced construction activities. The project consists of conditioning facilities in the southern PNG Highlands, a 6.6 million tons per year LNG facility near Port Moresby and approximately 450 miles of onshore and offshore pipelines.
OVERALL
Beta: 0.49
Market Cap (Mil.): $420,062.91
Shares Outstanding (Mil.): 4,952.99
Annual Dividend: 1.88
Yield (%): 2.22
FINANCIALS
XOM.N Industry Sector
P/E (TTM): 13.63 6.74 11.44
EPS (TTM): 56.19 -- --
ROI: 15.30 6.79 4.19
ROE: 23.67 9.00 5.51
Statistics:
Public Company
Incorporated: 1882 as Standard Oil Company of New Jersey
Employees: 88,300
Sales: $213.19 billion (2003)
Stock Exchanges: New York
Ticker Symbol: XOM
NAIC: 324110 Petroleum Refineries; 211111 Crude Petroleum and Natural Gas Extraction; 213112 Support Activities for Oil and Gas Field Exploration; 447110 Gasoline Stations with Convenience Stores
Key Dates:
1870: John D. Rockefeller and Henry Flagler incorporate the Standard Oil Company.
1878: Standard controls $33 million of the country's $35 million annual refining capacity.
1882: Rockefeller reorganizes Standard Oil into a trust, creating Standard Oil Company of New Jersey as one of many regional corporations controlled by the trust.
1888: Standard founds its first foreign affiliate, Anglo-American Oil Company, Limited.
1890: The Sherman Antitrust Act is passed, in large part, in response to Standard's oil monopoly.
1891: The trust has secured a quarter of the total oilfield production in the United States.
1892: A lawsuit leads to dissolution of the trust; the renamed Standard Oil Company (New Jersey) becomes the main vessel of the Standard holdings.
1899: Jersey becomes the sole holding company for all of the Standard interests.
1906: The federal government files a suit against Jersey under the Sherman Antitrust Act, charging it with running a monopoly.
1911: The U.S. Supreme Court upholds a lower court conviction of the company and orders that it be separated into 34 unrelated companies, one of which continues to be called Standard Oil Company (New Jersey).
1926: The Esso brand is used for the first time on the company's refined products.
1931: The merger of Standard Oil Company of New York and Vacuum Oil Company creates Socony-Vacuum Corp., Mobil's immediate predecessor company.
1946: A 30 percent interest in Arabian American Oil Company, and its vast Saudi Arabian oil concessions, is acquired.
1954: The company gains a 7 percent stake in an Iranian oil production consortium.
1960: Mobil Chemical Company is formed.
1966: Mobil Oil Corporation becomes the official corporate title of Socony-Vacuum.
1972: Standard Oil Company (New Jersey) changes its name to Exxon Corporation.
1973: OPEC cuts off oil supplies to the United States.
1976: Mobil Oil Corporation changes its name to Mobil Corporation.
1980: Exxon's revenues exceed $100 billion because of the rapid increase in oil prices.
1984: Mobil acquires Superior Oil Company for $5.7 billion, obtaining extensive reserves of oil and natural gas.
1989: The crash of the Exxon Valdez in Prince William Sound off the port of Valdez, Alaska, releases about 260,000 barrels of crude oil.
1990: Exxon's headquarters are moved from Rockefeller Center in New York City to Irving, Texas.
1994: Federal jury finds company guilty of "recklessness" and orders it to pay $286.8 million in compensatory damages and $5 billion in punitive damages.
1997: Exxon appeals the $5 billion punitive damages award; it reports profits of $8.46 billion on revenues of $120.28 billion for the year.
1998: Exxon agrees to buy Mobil in one of the largest mergers in U.S. history.
1999: Exxon and Mobil complete their $83 billion merger, forming Exxon Mobil Corporation.
2001: Cost savings from the merger are tallied at $4.6 billion.
2004: Rex Tillerson is appointed president of Exxon Mobil, leading observers to predict his appointment as chief executive officer upon Lee Raymond's retirement.
Name Age Since Current Position
Tillerson, Rex 59 2006 Chairman of the Board, Chief Executive Officer
Duffin, Neil 54 2007 President of ExxonMobil Development Company
Williams, Jack 47 2010 President of XTO Energy Inc
Humphreys, Donald 63 2006 Senior Vice President, Treasurer
Albers, Mark 54 2007 Senior Vice President
Dolan, Michael 57 2008 Senior Vice President
Swiger, Andrew 54 2009 Senior Vice President
Balagia, S. 59 2010 Vice President, General Counsel
Mulva, Patrick 59 2004 Vice President, Controller
Rosenthal, David 54 2008 Vice President - Investor Relations, Secretary
Cramer, Harold 60 1999 Vice President
Pryor, Stephen 61 2008 Vice President; President of ExxonMobil Chemical Company
Kelly, Alan 53 2007 Vice President
Kruger, Richard 51 2008 Vice President
Glass, Sherman 63 2008 Vice President
Colton, William 57 2009 Vice President - Strategic Planning
Walters, Thomas 56 2009 Vice President
Franklin, Robert 53 2009 Vice President
Spellings, James 49 2010 Vice President, General Tax Counsel
Greenlee, Stephen 53 2010 Vice President
Boskin, Michael 65 1996 Independent Director
Nelson, Marilyn 71 1991 Independent Director
George, William 68 2005 Independent Director
Palmisano, Samuel 59 2008 Independent Presiding Director
Reinemund, Steven 63 2007 Independent Director
Faulkner, Larry 66 2008 Independent Director
Whitacre, Edward 69 2008 Independent Director
Frazier, Kenneth 56 2009 Independent Director
Brabeck-Letmathe, Peter 66 2010 Independent Director
Fishman, Jay 58 2010 Independent Director
Address:
5959 Las Colinas Boulevard
Irving, Texas 75039
U.S.A.
ExxonMobil is one of the largest publicly traded companies in the world, having been ranked either #1 or #2 for the past 5 years. However they are currently 6th according to Forbes Global 2000. 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.[4] With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels, Exxon Mobil is the largest refiner in the world,[5][6] a title that was also associated with Standard Oil since its incorporation in 1870.[7]
ExxonMobil is the largest of the six oil supermajors[8] 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.[9] When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.
Exxon Mobil Corporation (Exxon Mobil), incorporated in 1882, is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. The Company has several divisions and hundreds of affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. On June 25, 2010, ExxonMobil acquired XTO Energy Inc. (XTO) by merging a wholly owned subsidiary of ExxonMobil with and into XTO (the merger), with XTO continuing as the surviving corporation and a wholly owned subsidiary of ExxonMobil. In October 2010, Global Partners LP acquired retail gasoline stations from Exxon Mobil.
Syncrude is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen, and then upgrade it to produce a high-quality, light, sweet, synthetic crude oil. Imperial Oil Limited is the owner of a 25% interest in the joint venture. Exxon Mobil Corporation has a 69.6% interest in Imperial Oil Limited. In 2010, the Company’s share of net production of synthetic crude oil was about 67,000 barrels per day. The Syncrude leases cover about 63 thousand acres in the Athabasca oil sands deposit.
The Kearl project is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen. Imperial Oil Limited holds a 70.96% interest in the joint venture and ExxonMobil Canada Properties holds the other 29.04%. Exxon Mobil Corporation has a 69.6% interest in Imperial Oil Limited and a 100% interest in ExxonMobil Canada Properties. Kearl comprises six oil sands leases covering about 48 thousand acres in the Athabasca oil sands deposit. The Kearl project is located approximately 40 miles north of Fort McMurray, Alberta, Canada.
UNITED STATES
As of December 31, 2010, ExxonMobil’s acreage holdings totaled 14.8 million net acres, of which 2.2 million net acres were offshore. ExxonMobil was active in areas onshore and offshore in the lower 48 states and in Alaska. During 2010, 879.5 net exploration and development wells were completed in the inland lower 48 states, including development activities in the Barnett Shale of North Texas, the Freestone Trend of East Texas, the Haynesville Shale of Texas and Louisiana, the Fayetteville Shale of Arkansas, the Woodford Shale of Oklahoma, the Bakken oil play in North Dakota and Montana, the Marcellus Shale of Pennsylvania and West Virginia, the Eagle Ford Shale of South Texas, and the Piceance Basin of Colorado. As of December 31, 2010, ExxonMobil’s net acreage in the Gulf of Mexico was 2.1 million net acres. A total of 3.7 net exploration and development wells were completed during 2010. The non-operated St. Malo project in the Gulf of Mexico was approved in 2010. Offshore California 1.0 net development well was completed. The Golden Pass liquefied natural gas (LNG) regasification terminal in Texas commenced operations in 2010.
CANADA/SOUTH AMERICA
As of December 31, 2010, ExxonMobil’s acreage holdings in Canada totaled 6 million net acres, of which 2.3 million net acres were offshore. A total of 129 net exploration and development wells were completed during 2010. The Hibernia Southern Extension project development plan was approved in 2010. As of December 31, 2010, ExxonMobil’s in situ bitumen acreage holdings totaled 0.5 million net onshore acres. A total of 110 net development wells were completed during 2010. ExxonMobil’s net acreage in Argentina totaled 0.3 million onshore acres as of 2010, and there were 2 net development wells completed during 2010.
EUROPE
As of December 31, 2010, a total of 4.8 million net onshore acres and 0.1 million net offshore acres in Germany were held by ExxonMobil, with 7.3 net exploration and development wells completed during 2010. ExxonMobil’s net interest in licenses totaled approximately 1.6 million acres in Netherlands as of 2010, of which 1.2 million acres are onshore. A total of three net exploration and development wells were completed during 2010. ExxonMobil’s net interest in licenses in 2010 totaled approximately 0.6 million acres in Norway, all offshore. ExxonMobil’s net interest in licenses in 2010 totaled approximately 0.4 million acres in United Kingdom, all offshore. A total of 2.9 net development wells were completed during 2010. The South Hook LNG terminal reached full capacity of two billion cubic feet per day in 2010.
AFRICA
As of December 31, 2010, ExxonMobil’s acreage holdings in Angola totaled 0.6 million net offshore acres, and 2.2 net exploration and development wells were completed during 2010. The Angola Gas Gathering Project started up on-block gas handling in 2010, and project work continued on Kizomba Satellites Phase I. As of 2010, ExxonMobil’s net acreage holdings consisted of 63 thousand onshore acres with 46 net exploration and development wells completed during 2010. As of 2010, ExxonMobil’s net acreage holdings in Chad consisted of 63 thousand onshore acres with 46 net exploration and development wells completed during 2010. ExxonMobil’s acreage totaled 0.1 million net offshore acres in 2010, with 5.3 net development wells completed during 2010. ExxonMobil’s net acreage in Nigeria totaled one million offshore acres in 2010, with 9.4 net exploration and development wells completed during 2010.
ASIA
As of December 31, 2010, ExxonMobil’s net acreage, located in the Caspian Sea offshore of Azerbaijan, totaled 60 thousand acres. At the Azeri-Chirag-Gunashli field, 0.6 net development wells were completed. In Indonesia, ExxonMobil had 4.4 million net acres, 3.3 million net acres offshore and 1.1 million net acres onshore as of December 31, 2010. A total of 0.8 net exploration wells were completed during 2010. As of December 31, 2010, ExxonMobil’s onshore acreage in Iraq was 87 thousand net acres. During 2010, a contract was signed with South Oil Company of the Iraqi Ministry of Oil to redevelop and expand the West Qurna (Phase I) oil field. In 2010, initial field rehabilitation activities commenced. Its net acreage in Kazakhstan totaled 0.1 million acres onshore and 0.2 million acres offshore in 2010, with 0.2 net development wells completed during 2010.
ExxonMobil has interests in production sharing contracts covering 0.5 million net acres offshore Malaysia during 2010. During 2010, a total of 5.1 net exploration and development wells were completed. Through its joint ventures with Qatar Petroleum, ExxonMobil’s net acreage totaled 60 thousand acres offshore during 2010. ExxonMobil’s net acreage in the Republic of Yemen production sharing areas totaled 10 thousand acres onshore during 2010. ExxonMobil’s net acreage holdings in Russia, during 2010, were 85 thousand acres, all offshore. A total of 1.5 net development wells were completed at the Sakhalin-1 Odoptu field during 2010, which started production in 2010. ExxonMobil’s net onshore acreage in Thailand concessions totaled 21 thousand acres during 2010. ExxonMobil’s net acreage in the Abu Dhabi offshore Upper Zakum oil concession was 81 thousand acres during 2010. During 2010, 0.6 net development wells were completed, as rig activity focused mainly on workovers and injection wells. Its net acreage in the Abu Dhabi onshore oil concession was 0.5 million acres during 2010, of which 0.4 million acres are onshore and a total of 4.3 net development wells were completed.
AUSTRALIA/OCEANIA
ExxonMobil’s net offshore acreage holdings in Australia totaled 1.7 million acres and a total of 5.3 net exploration and development wells were drilled in 2010. A total of 0.4 million net onshore acres were held by ExxonMobil in Papua New Guinea during 2010, with 0.4 net development wells completed in 2010. In 2010, the Papua New Guinea liquefied natural gas project commenced construction activities. The project consists of conditioning facilities in the southern PNG Highlands, a 6.6 million tons per year LNG facility near Port Moresby and approximately 450 miles of onshore and offshore pipelines.
OVERALL
Beta: 0.49
Market Cap (Mil.): $420,062.91
Shares Outstanding (Mil.): 4,952.99
Annual Dividend: 1.88
Yield (%): 2.22
FINANCIALS
XOM.N Industry Sector
P/E (TTM): 13.63 6.74 11.44
EPS (TTM): 56.19 -- --
ROI: 15.30 6.79 4.19
ROE: 23.67 9.00 5.51
Statistics:
Public Company
Incorporated: 1882 as Standard Oil Company of New Jersey
Employees: 88,300
Sales: $213.19 billion (2003)
Stock Exchanges: New York
Ticker Symbol: XOM
NAIC: 324110 Petroleum Refineries; 211111 Crude Petroleum and Natural Gas Extraction; 213112 Support Activities for Oil and Gas Field Exploration; 447110 Gasoline Stations with Convenience Stores
Key Dates:
1870: John D. Rockefeller and Henry Flagler incorporate the Standard Oil Company.
1878: Standard controls $33 million of the country's $35 million annual refining capacity.
1882: Rockefeller reorganizes Standard Oil into a trust, creating Standard Oil Company of New Jersey as one of many regional corporations controlled by the trust.
1888: Standard founds its first foreign affiliate, Anglo-American Oil Company, Limited.
1890: The Sherman Antitrust Act is passed, in large part, in response to Standard's oil monopoly.
1891: The trust has secured a quarter of the total oilfield production in the United States.
1892: A lawsuit leads to dissolution of the trust; the renamed Standard Oil Company (New Jersey) becomes the main vessel of the Standard holdings.
1899: Jersey becomes the sole holding company for all of the Standard interests.
1906: The federal government files a suit against Jersey under the Sherman Antitrust Act, charging it with running a monopoly.
1911: The U.S. Supreme Court upholds a lower court conviction of the company and orders that it be separated into 34 unrelated companies, one of which continues to be called Standard Oil Company (New Jersey).
1926: The Esso brand is used for the first time on the company's refined products.
1931: The merger of Standard Oil Company of New York and Vacuum Oil Company creates Socony-Vacuum Corp., Mobil's immediate predecessor company.
1946: A 30 percent interest in Arabian American Oil Company, and its vast Saudi Arabian oil concessions, is acquired.
1954: The company gains a 7 percent stake in an Iranian oil production consortium.
1960: Mobil Chemical Company is formed.
1966: Mobil Oil Corporation becomes the official corporate title of Socony-Vacuum.
1972: Standard Oil Company (New Jersey) changes its name to Exxon Corporation.
1973: OPEC cuts off oil supplies to the United States.
1976: Mobil Oil Corporation changes its name to Mobil Corporation.
1980: Exxon's revenues exceed $100 billion because of the rapid increase in oil prices.
1984: Mobil acquires Superior Oil Company for $5.7 billion, obtaining extensive reserves of oil and natural gas.
1989: The crash of the Exxon Valdez in Prince William Sound off the port of Valdez, Alaska, releases about 260,000 barrels of crude oil.
1990: Exxon's headquarters are moved from Rockefeller Center in New York City to Irving, Texas.
1994: Federal jury finds company guilty of "recklessness" and orders it to pay $286.8 million in compensatory damages and $5 billion in punitive damages.
1997: Exxon appeals the $5 billion punitive damages award; it reports profits of $8.46 billion on revenues of $120.28 billion for the year.
1998: Exxon agrees to buy Mobil in one of the largest mergers in U.S. history.
1999: Exxon and Mobil complete their $83 billion merger, forming Exxon Mobil Corporation.
2001: Cost savings from the merger are tallied at $4.6 billion.
2004: Rex Tillerson is appointed president of Exxon Mobil, leading observers to predict his appointment as chief executive officer upon Lee Raymond's retirement.
Name Age Since Current Position
Tillerson, Rex 59 2006 Chairman of the Board, Chief Executive Officer
Duffin, Neil 54 2007 President of ExxonMobil Development Company
Williams, Jack 47 2010 President of XTO Energy Inc
Humphreys, Donald 63 2006 Senior Vice President, Treasurer
Albers, Mark 54 2007 Senior Vice President
Dolan, Michael 57 2008 Senior Vice President
Swiger, Andrew 54 2009 Senior Vice President
Balagia, S. 59 2010 Vice President, General Counsel
Mulva, Patrick 59 2004 Vice President, Controller
Rosenthal, David 54 2008 Vice President - Investor Relations, Secretary
Cramer, Harold 60 1999 Vice President
Pryor, Stephen 61 2008 Vice President; President of ExxonMobil Chemical Company
Kelly, Alan 53 2007 Vice President
Kruger, Richard 51 2008 Vice President
Glass, Sherman 63 2008 Vice President
Colton, William 57 2009 Vice President - Strategic Planning
Walters, Thomas 56 2009 Vice President
Franklin, Robert 53 2009 Vice President
Spellings, James 49 2010 Vice President, General Tax Counsel
Greenlee, Stephen 53 2010 Vice President
Boskin, Michael 65 1996 Independent Director
Nelson, Marilyn 71 1991 Independent Director
George, William 68 2005 Independent Director
Palmisano, Samuel 59 2008 Independent Presiding Director
Reinemund, Steven 63 2007 Independent Director
Faulkner, Larry 66 2008 Independent Director
Whitacre, Edward 69 2008 Independent Director
Frazier, Kenneth 56 2009 Independent Director
Brabeck-Letmathe, Peter 66 2010 Independent Director
Fishman, Jay 58 2010 Independent Director
Address:
5959 Las Colinas Boulevard
Irving, Texas 75039
U.S.A.
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