Tuesday, October 21, 2014 5:00 AM EST

Exxon Mobil

The Exxon Mobil Corporation, or ExxonMobil, is an American  multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. It has its headquarters in Irving, Texas.

ExxonMobil is one of the largest publicly traded companies in the world, having been ranked either #1 or #2 for the past 5 years. 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. The company has 38 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels.

ExxonMobil is the largest of the six oil supermajors with daily production of 3.921 million BOE (barrels of oil equivalent).
When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.

Headlines Around the Web

Articles About Exxon Mobil

Mobile phone
AT&T Tops Corporate Spenders With $20B In 2013 For New Plant & Equipment In The US

By IBTimes AU

Telco giant AT&T spent $20.6 billion in 2013 for a new plant and equipment in the US, topping the non-financial companies in the United States for capital spending. It was the third consecutive year that AT&T topped the list, according to the Progressive Policy Institute study. (Sep 11)

MORE TOPICS: CHEVRON, AT&T, BROADBAND, MEXICO, SMARTPHONE, INVESTMENT

WBC welterweight champion Floyd Mayweather Jr. of the U.S. poses on the scale during an official weigh-in at the MGM Grand Garden Arena in Las Vegas, Nevada, May 2, 2014. Mayweather faces WBA welterweight champion Marcos Maidana of Argentina in a WBC/WBA
Top 10 Forbes’ 2014 List of World’s Highest-Paid Athletes

By IBTimes AU

Forbes released its list of top 100 world’s highest-paid athletes on June 11. (Jun 13)

MORE TOPICS: NATIONAL FOOTBALL LEAGUE, TIGER WOODS, IBM, BARCLAYS, PORTUGAL, CREDIT SUISSE

Apple Inc. Top 5 in 2014 Fortune 500 Companies; AAPL Stock Bounces Back After WWDC Fall

By IBTimes AU

Apple Inc. continues its award-winning streak climbing one spot higher in the 2014 Fortune 500 rankings. (Jun 04)

MORE TOPICS: MICROSOFT, APPLE INC., CHEVRON, RETAIL, ANDROID, MORGAN STANLEY

Australian Stock Market Report – Afternoon 5/16/14

By Comsec

Local stocks were under sustained pressure on Friday with the ASX 200 ending the session at the lows of the day. One small consolation was the low level of participation with just over $ 3.8bln shares changing hands. (May 16)

MORE TOPICS: CHINA, TWITTER, FACEBOOK, JAPAN, AUSTRALIA, RIO TINTO

Black Friday shoppers walk past an Apple Store inside the Glendale Galleria, California
Apple Inc May Lose Market Cap Lead to Exxon as Pressure Builds to Release Innovative Products

By IBTimes AU

After Apple Inc investors expressed disappointment over lower than expected iPhone sales last holiday quarter, a 10 per cent sell off in Apple's stocks could happen which will reset earnings back for Exxon Mobil to even surpass the company in market value. (Jan 30)

MORE TOPICS: IPHONE, APPLE INC., STEVE JOBS, IPAD

Global Warming
Global Warming Will Have Temperatures Rising by 4 Degrees by 2100 [Video]

By IBTimes IN

The research, by University of New South Wales, published in Nature concludes that the threat to global climate by carbon dioxide is more sensitive than it was thought to be in earlier studies. (Jan 02)

MORE TOPICS: GLOBAL WARMING

2nd Cost Blowout for Chevron’s Gorgon LNG Project in Western Australia as Projected Expenses Go Up to $54 Billion

By IBTimes AU

Oil and gas giant Chevron is blaming the high labour cost, logistical challenges on its remote sites and delays caused by weather as the main reasons why its Gorgon liquefied natural gas (LNG) project in Western Australia is on a second cost blowout. (Dec 13)

MORE TOPICS: CHEVRON, AUSTRALIA

Mexico to End 75-Year State Monopoly in Oil Sector to Compensate Production Shortfall

By IBTimes UK

Mexico would pass bill that would allow output sharing and licenses for outside oil producers. (Dec 11)

MORE TOPICS: CHEVRON, MEXICO

India, Japan Eye Joint Tenders for Cheaper LNG

By Reuters

India and Japan are stepping up the pressure for cheaper liquefied natural gas (LNG) with potential joint tenders as two of the world's biggest gas buyers try to ease the pain of high prices and rising demand. (Dec 05)

MORE TOPICS: CHINA, CHEVRON, JAPAN, SOUTH KOREA, RUSSIA, INDIA

New $6bn Fuel Supply Deal between Rosneft and BP

By IBTimes UK

BP has become of the biggest buyers from Rosneft after years without a deal between the two giants (Nov 13)

MORE TOPICS: CRUDE OIL, RUSSIA