Exxon Mobil net worth
what is Exxon Mobil’s net worth• ExxonMobil’s net worth is $350 billion. Exxon or Exxon Mobil is an Irving, Texas-based company focused on natural gas and mobile production. The company was formed in 1999 when ExxonMobil and Mobil merged. Exxon Mobil is a gasoline, diesel, auto repair and convenience store company founded in the early 1970s as a merger of three small oil companies that have existed since the late 1880s. It is currently the largest oil “supermajor”, producing 3.291 million barrels of oil per day. It is also the world’s largest public company and the world’s largest company by revenue. Exxon and Mobil were originally part of the same company, John D. Rockefeller’s Standard Oil Trust, but were split in the 1890s so as not to monopolize the market. Their merger in 1998 was unprecedented because it meant that the previously merged companies were being re-merged and the two largest oil companies were merging into one. Exxon has come under fire for multiple oil spills and has used single-hull tankers to transport more crude oil than ten other oil companies combined. The company was responsible for the 1989 Exxon Valdez oil spill (11 million gallons), the Brooklyn Greenpoint oil spill (17 to 30 million gallons in 100 years), the 2011 Yellowstone spill (1,000 barrels of oil) and the 2012 Baton Rouge pipeline leak (80,000 gallons).
