Is ExxonMobil A Multinational Corporation?

by | Last updated on January 24, 2024

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Exxon Mobil Corporation, stylized as ExxonMobil, is an

American multinational oil and gas corporation

headquartered in Irving, Texas. … One of the world's largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization.

What type of business is ExxonMobil?

Type Public
Industry


Energy: Oil and gas
Predecessor Exxon Mobil Founded November 30, 1999 Founder Ultimately descended from Standard Oil founded by John D. Rockefeller

Is ExxonMobil a private company?

Exxon Mobil is the

world's largest publicly traded oil and gas company

. The Irving, Texas-based company operates on six continents and in most countries.

What countries is ExxonMobil in?

  • Asia Pacific. Australia. China. India. Japan. Singapore. Thailand.
  • Europe. Belgium. France. Germany. Italy. Netherlands. United Kingdom.
  • Middle East. Saudi Arabia.
  • North America. Canada. Mexico. United States.
  • South America. Brazil.

What type of merger was Exxon and Mobil?

The merger is an example of

a horizontal merger

as both firms were in the same stages of production. The merger eventually resulted in cost cutting and savings of $3.8 billion.

How many employees does ExxonMobil have 2020?

There were some

72,000 people

employed by ExxonMobil at the end of 2020.

How many employees does ExxonMobil have 2021?

Exxon Mobil has

71,000 employees

and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 29,168.

What is the biggest oil company in the world?


PetroChina and Sinopec Group

lead the list of the world's biggest oil and gas companies of 2020 with revenues between $270 billion and $280 billion, ahead of Saudi Aramco and BP.

Can Exxon go out of business?

Based on the latest financial disclosure, Exxon Mobil Corp

has a Probability Of Bankruptcy of 37.0%

. This is 23.27% lower than that of the Energy sector and 14.17% lower than that of the Oil & Gas Integrated industry. The probability of bankruptcy for all United States stocks is 7.11% higher than that of the company.

Who is the CEO of ExxonMobil?


Darren Woods

is a graduate of Texas A&M University, where he earned a Bachelor of Science degree in electrical engineering. He also holds a Master of Business Administration degree from Northwestern's Kellogg School of Management in Evanston, Illinois.

Is Chevron owned by Exxon?

The “Seven Sisters”: Exxon (now

ExxonMobil

), Mobil (now ExxonMobil), Chevron, Gulf Oil (now Chevron), Texaco (now Chevron), BP and Shell.

Who is bigger Exxon or Chevron?


Exxon is the larger of the two companies by market cap

, weighing in at $260 billion. Chevron's market capitalization is roughly $200 billion. Both have assets across the industry, from the upstream (drilling) to the downstream (chemicals and refining).

Who is the largest shareholder of Exxon Mobil?

Stockholder Stake Shares owned
The Vanguard Group, Inc.

7.93% 335,848,848
SSgA Funds Management, Inc. 5.96% 252,449,984 BlackRock Fund Advisors 4.63% 195,950,483 Fidelity Management & Research Co… 1.56% 66,181,340

Who is ExxonMobil's biggest competitor?

ExxonMobil competitors include

Saudi Aramco

, Valero Energy Corporation, Royal Dutch Shell, ConocoPhillips and BP.

Why is ExxonMobil so successful?

ExxonMobil has a long history of leadership in the and chemical manufacturing industries. The company's greatest strengths are its

high quality directors

, officers and employees, ingenuity and long-term perspective.

Is ExxonMobil the largest oil company in the world?

Today, Exxon Mobil Corporation is one

of the largest publicly traded international oil and gas companies

and holds an industry-leading inventory of resources. We are also the largest refiner and marketer of petroleum products, and our chemical company is one of the largest in the world.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.