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ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
The Exxon Valdez oil spill was the second largest in U.S. history, and in the aftermath of the Exxon Valdez incident, the U.S. Congress passed the Oil Pollution Act of 1990. An initial award of US$5 billion punitive was reduced to $507.5 million by the US Supreme Court in June 2008, [59] and distributions of this award commenced in 2008. [60]
ExxonMobil Corporation[ a] ( / ˌɛksɒnˈmoʊbəl / EK-son-MOH-bəl; commonly shortened to Exxon[ 5][ 6][ 7]) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller 's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated ...
August 4, 2024 at 7:28 AM. ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil patch. The company simply dominates its peers. That was evident in its industry-leading second-quarter results ...
Exxon Mobil Corp (XOM.N) shareholders rejected a proposal on Wednesday that would have split the roles of chairman and chief executive, securing CEO Darren Woods's role as he looks to improve ...
Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil ...
esso.com. Esso ( / ˈɛsoʊ /) is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. [ 1] The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, ' S ' and ' O '), [ 2] to which ...
The semiconductor and networking company completed its 10-for-1 split on July 12, and the shares began trading on a split-adjusted basis on July 15. Today, each share trades for about $170, versus ...
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