Jump to russian dating houston Jump to search This article is about Exxon Mobil Corp. For the company’s subsidiaries, see Exxon and Mobil. As of 2007, it had daily production of 3. Both Exxon and Mobil were descendants of Standard Oil, established by John D.

Rockefeller and partners in 1870 as the Standard Oil Company of Ohio. In 1882, it together with its affiliated companies was incorporated as the Standard Oil Trust with Standard Oil Company of New Jersey and Standard Oil Company of New York as its largest companies. Over the next few decades, Jersey Standard and Socony grew significantly. John Duston Archbold was the first president of Jersey Standard. Archbold was followed by Walter C. Teagle in 1917, who made it the largest oil company in the world. Henry Clay Folger was head of Socony until 1923, when he was succeeded by Herbert L.

The growing automotive market inspired the product trademark Mobiloil, registered by Socony in 1920. In the Asia-Pacific region, Jersey Standard has established through its Dutch subsidiary an exploration and production company Nederlandsche Koloniale Petroleum Maatschappij in 1912. In 1922, it found oil in Indonesia and in 1927, it built a refinery in Sumatra. In 1924, Jersey Standard and General Motors pooled its tetraethyllead-related patents and established the Ethyl Gasoline Corporation. In 1932, Jersey Standard acquired foreign assets of the Pan American Petroleum and Transport Company. In 1937, its assets in Bolivia were nationalized, followed by nationalization of its assets in Mexico in 1938. Since the 1911 Standard Oil Trust breakup, Jersey Standard used the trademark Esso, a phonetic pronunciation of the initials “S” and “O” in the name Standard Oil, as one of its primary brand names.

In 1935, Socony Vacuum Oil opened the huge Mammoth Oil Port on Staten Island which had a capacity of handling a quarter of a billion gallons of petroleum products a year and could transship oil from ocean-going tankers and river barges. In 1955, Socony-Vacuum became Socony Mobil Oil Company. In 1959, Magnolia Petroleum Company, General Petroleum Corporation, and Mobil Producing Company were merged to form the Mobil Oil Company, a wholly owned subsidiary of Socony Mobil. In 1966, Socony Mobil Oil Company became the Mobil Oil Corporation. Humble Oil became a wholly owned subsidiary of Jersey Standard and was reorganized into the United States marketing division of Jersey Standard in 1959. In Libya, Jersey Standard made its first major oil discovery in 1959. For managing the Midwest and Eastern coal assets in the United States, the Monterey Coal Company was established in 1969.

Carter Oil focused on the developing synthetic fuels from coal. In late 1960s Jersey Standard task force was looking for projects 30 years in the future. In late 1960s, Jersey Standard entered into the nuclear industry. In 1972, Exxon was unveiled as the new, unified brand name for all former Enco and Esso outlets. At the same time, the company changed its corporate name from Standard Oil of New Jersey to Exxon Corporation, and Humble Oil became Exxon Company, U. Due to the oil embargo of 1973, Exxon and Mobil began to expand their exploration and production into the North Sea, the Gulf of Mexico, Africa and Asia. In 1976, Exxon, through its subsidiary Intercor, entered into partnership with Colombian state owned company Carbocol to start coal mining in Cerrejón.

Mobil moved its headquarters from New York to Fairfax County, Virginia, in 1987. Mobil’s natural gas operations in Europe. In 1996, Mobil and British Petroleum merged their European refining and marketing of fuels and lubricants businesses. In 1996, Exxon entered into the Russian market by signing a production sharing agreement on the Sakhalin-I project. 7 billion merger agreement forming a new company called Exxon Mobil Corp. This was the largest corporate merger at that time. At the time of the merge, Exxon was the world’s largest energy company while Mobil was the second largest oil and gas company in the United States.

The merger was approved by the European Commission on September 29, 1999, and by the United States Federal Trade Commission on November 30, 1999. In 2002, the company sold its stake in the Cerrejón coal mine in Colombia, and copper-mining business in Chile. The usage of Exxon and Mobil brands was franchised to the new owners. 6 billion in the case the company had brought against the Venezuelan government.

By this time, as a result of numerous mergers and rebranding, the remaining Standard Oil companies that previously objected to the Esso name had been acquired by BP. This section needs additional citations for verification. This article needs to be updated. Please update this article to reflect recent events or newly available information. In 2014, the company had 25. In Africa, upstream operations are concentrated in Angola where it owns 0.

Together with Rosneft, it has developed 63. Infineum, a joint venture with Royal Dutch Shell, is manufacturing and marketing crankcase lubricant additives, fuel additives, and specialty lubricant additives, as well as automatic transmission fluids, gear oils, and industrial oils. The current chairman of the board and CEO of Exxon Mobil Corp. Woods was elected chairman of the board and CEO effective January 1, 2017 after the retirement of former chairman and CEO Rex Tillerson. Michael Boskin, professor of economics Stanford University, director of Oracle Corp. Oberhelman, chairman and chief executive officer, Caterpillar Inc.