Who is exxon mobil owned by

Today we operate in most of the world's countries and are best-known by our familiar brand names: Exxon, Esso and Mobil. We make the products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods. The colonel's discovery triggers an oil boom that parallels the gold rush of a decade earlier.

Rockefeller and his associates form the Standard Oil Company Ohio , with combined facilities constituting the largest refining capacity of any single firm in the world. The name Standard is chosen to signify high, uniform quality. Standard Oil Co. As a lubricants pioneer, Vacuum Oil introduces a number of popular products, including the revolutionary Gargoyle W Steam Cylinder Oil. Standard Oil lubricates Thomas Edison's first central generating system. The nine-story office building becomes a landmark.

The same year, Vacuum develops Gargoyle Arctic engine oils for newly designed generators and motors that operate at speeds of up to 1, rpm. Socony gains a strong foothold in the vast market for kerosene in China by developing small lamps that burned kerosene efficiently. The lamps become known as Mei-Foo, from the Chinese symbols for Socony, meaning "beautiful confidence. Following a landmark U. The year also marks the first time Jersey Standard's sales of kerosene are surpassed by gasoline, a product that in the early days had often been discarded as a nuisance.

Ralph De Palma, winner of the Indianapolis , is the first of many Indy winners to use Mobil products. His average speed: It was during this year that Humble, led by its pioneering Chief Geologist Wallace Pratt, employed micropaleontology, the study of microscopic fossils contained in cuttings and core samples from drilling, as an aid in finding oil.

Jersey Standard researchers produce rubbing alcohol, or isopropyl alcohol — the first commercial petrochemical. Amelia Earhart uses Mobiloil to protect Friendship when she makes her historic solo flight across the Atlantic. Louis on the first solo flight across the Atlantic.

The unit used a process developed by French scientist Eugene P. Houdry with the financial backing of Socony-Vacuum. The process added a clay-like catalyst to the cracking process to boost gasoline yields and octane rating.

Harlem postman Victor Green creates the Green Book. Jersey Standard was the only major retail distributor of the Green Book through its network of Esso service stations, which welcomed Black motorists and also provided business opportunities for Black franchisees. The Green Book was published and distributed nationwide until Rockefeller, Maurice B. Clark, and Samuel Andrews in in Cleveland, Ohio.

The business first incorporated as the Standard Oil Co. Despite a court order to dissolve in , the company, which had been combined into a trust, maintained its power and operations. The trust shifted its headquarters to New York City and later incorporated as a holding company in New Jersey in But in , the U.

The two companies merged in to become Exxon Mobil Corp. Exxon Mobil's main business operations, which are conducted through its divisions and affiliate companies, consist of the exploration and production of crude oil and natural gas. The company also engages in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and a variety of other specialty products. Exxon Mobil no longer controls the same market share as its predecessor in the late 19th century, but it still commands an overwhelming U.

While Exxon Mobil has grown primarily internally, it's sped up its growth and broadened its revenue base through a number of acquisitions over the past two decades. Some of these are oil deals that add to its core franchise.

Other acquisitions extend Exxon Mobil's interests in shale oil and gas properties in the Permian Basin and Canada. Other takeovers have made Exxon Mobil a major producer of chemical compounds used to make consumer products such as clothing, computers, snowboards, and tennis racquets.

We look at five of these acquisitions in more detail below. A special note that Exxon Mobil does not disclose the current annual revenue or profit contributed by these properties. Its shares were traded under the ticker symbol "XTO" after the company went public in and before officially changing its name to XTO Energy in The company continued to expand and had become the largest producer of natural gas in the U.

Today, the company has operations throughout the U. InterOil, an oil and gas company focused primarily on Papua New Guinea but with head offices in Singapore and Port Moresby, was founded in The deal bolsters the company's position in liquified natural gas LNG. The Bass brothers built upon that fortune, mostly through oil.

The acquisition came with , acres of leasehold in the Permian Basin, which augments Exxon Mobil's operations in that region known for shale deposits. Celtic Exploration, the oil and gas exploration and development company headquartered in the Canadian province of Alberta, was founded in The company's focus since its inception has been on acquiring land in Canada's shale regions.

Exxon Mobil announced that it agreed to acquire the company in and completed the transaction in early The deal demonstrates Exxon Mobil's continued push into shale oil and gas following its acquisition of XTO. Jurong Aromatics, headquartered in Singapore and founded in , is a manufacturer of aromatics. The acquisition will serve to bolster the company's petrochemical and refining business.

The below chart illustrates how Exxon Mobil reports the diversity of its management and workforce. We actively support initiatives to reduce consumer emissions from the use of our products in the transportation sector. The need for energy is universal. That's why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels.

We're committed to responsibly meeting the world's energy needs. Our commitment Affordable and sustainable energy solutions are required to advance global prosperity.

Improving energy access. Improving efficiency. Mitigating emissions. Job creation. Key topics. Cleaner power: reducing emissions with carbon capture and storage For more than 30 years, ExxonMobil engineers and scientists have researched, developed and applied technologies that could play a role in the widespread deployment of carbon capture and storage.

Effectively managing methane emissions Natural gas is a versatile fuel, capable of powering utilities, homes and transportation.

It also emits significantly fewer pollutants than coal power generation, including NOx, SOx, particulates, mercury, and up to 60 percent fewer greenhouse gas emissions GHGs. As recognized by the International Energy Agency and others, natural gas provides substantial air pollution and GHG benefits compared with coal, and can play a vital role in contributing to a sustainable energy mix. The IEA notes that addressing methane emissions across the value chain can further improve this strong environmental and sustainability profile.