Exxon Mobil Corporation, often referred to simply as ExxonMobil, is one hand of the world's largest publicly traded international oil and gas companies. It was formed on November 30, 1999, by the merger of Exxon and Mobil, both descendants of John D. Rockefeller's Standard Oil which was established in 1870. The corporation is headquartered in Irving, Texas.
ExxonMobil operates in all sectors of the oil and gas industry — upstream, downstream, and chemicals. In the upstream division, the company focuses on exploration, development, production and marketing of crude oil and natural gas. The downstream industry involves refining crude oil into petroleum products like gasoline, and marketing and transporting these commodities. The chemical division includes manufacturing and marketing of a broad range of petrochemicals.
The company is recognized for its application of science and technological innovation to discover and provide better, safer, and cleaner ways to deliver energy. ExxonMobil is an industry leader in virtually every aspect of the energy and petrochemical businesses and operates facilities or markets products in most countries in the world.
ExxonMobil is known for its diverse and high-quality portfolio of both developed and undeveloped resource bases. The company maintains a strong and flexible financial position, with a robust balance sheet that provides a competitive advantage. This positions the organization to continue investing in the technology and innovation that drive long-term shareholder value.
The organization's emphasis on environmental sustainability is also notable. ExxonMobil is committed to reducing the risk of climate change while providing the energy the world needs. It notably announced plans to reduce its greenhouse gas emissions by 2025 and further research into innovative, lower-emission technologies.
ExxonMobil has faced its share of controversies, the most notable being the 1989 Exxon Valdez oil spill, considered one of the worst man-made environmental disasters. They have also faced criticism about their acknowledgement and handling of climate change issues.
Despite the challenges, however, the company has demonstrated resilience and remains a significant player in the energy sector. It is one of the world's largest corporations by revenue and has consistently ranked within the top 10 of the Fortune 500 list.
As of 2021, ExxonMobil employs about 72,000 people worldwide and continues its operations in-line with its historic dedication to meeting the world's growing demand for energy in a reliable and responsible way.