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History of Oil
Top 10 US Oil Giants
These are the ones to thank for the high gas prices.................................The rich get richer!
Let's take you to the beginning of time, the lucky ones!.........Find out where it came from!
Other World Oil Giants
Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent barrels at the end of 2007. While it is the largest of the six oil supermajors with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007, ExxonMobil's daily production is still surpassed by several of the largest state-owned petroleum companies and it is only 14th in the world when ranked by held oil and gas reserves. The company has been the subject of criticism for its business practices and environmental record.
Exxon Mobil Corporation was formed in 1999 by the merger of two major oil companies, Exxon and Mobil. Both Exxon and Mobil were descendants of the John D. Rockefeller corporation, Standard Oil which was established in 1870. The reputation of Standard Oil in the public eye suffered badly after publication of Ida M. Tarbell's classic exposť The History of the Standard Oil Company in 1904, leading to a growing outcry for the government to take action against the company.
Type Public (NYSE: XOM)
Founded 1999 (merger)
1911 (Standard Oil of New Jersey)
1911 (Standard Oil of New York)
1870 (Standard Oil)
Headquarters Irving, Texas, USA
Key people John D. Rockefeller, Founder & Chairman of the original Standard Oil
Rex W. Tillerson, Chairman/CEO
Industry Oil and Gas
Products Fuels, Lubricants, Petrochemicals
Revenue ? US $404.552 Billion (2007)
Net income ? US $40.6 Billion (2007)
Employees 106,100 Including Company Operated Retail Sites ("CORS")