ExxonMobil

Exxon Mobil Corporation, or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas. Its affiliated with Imperial Oil which operates in Canada.

ExxonMobil is one of the largest publicly traded companies in the world, having been ranked either #1 or #2 for the past 5 years. However they are currently 6th according to Forbes Global 2000. Exxon Mobil's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at then (2007) rates of production, are expected to last over 14 years. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels, Exxon Mobil is the largest refiner in the world, a title that was also associated with Standard Oil since its incorporation in 1870.

he Exxon Mobil Corporation headquarters is located in Irving, Texas. ExxonMobil markets products around the world under the brands of Exxon, Mobil, and Esso. It also owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership) in Canada, and SeaRiver Maritime, a petroleum shipping company.

Upstream (oil exploration, extraction, shipping, and wholesale operations) based in Houston, Texas

Downstream (marketing, refining, and retail operations) based in Fairfax, Virginia

Chemical division based in Houston, Texas

Operating divisions by category are as follows:

Upstream

ExxonMobil Exploration Company

ExxonMobil Development Company

ExxonMobil Production Company

ExxonMobil Gas and Power Marketing Company

ExxonMobil Upstream Research Company

ExxonMobil Upstream Ventures

Downstream

ExxonMobil Refining and Supply Company

SeaRiver Maritime

ExxonMobil Fuels Marketing Company

ExxonMobil Lubricants & Specialties Company

ExxonMobil Research and Engineering Company

International Marine Transportation

Chemical

ExxonMobil Chemical Company

ExxonMobil Global Services Company

ExxonMobil Information Technology

Global Real Estate and Facilities

Global Procurement

Business Support Centers

Imperial Oil

XTO

Exxon Mobil Corporation was formed in 1999 by the merger of two major oil companies, Exxon and Mobil. Both Exxon and Mobil were descendants of the John D. Rockefeller corporation, Standard Oil which was established in 1870. The reputation of Standard Oil in the public eye suffered badly after publication of Ida M. Tarbell's classic exposé The History of the Standard Oil Company in 1904, leading to a growing outcry for the government to take action against the company.

The current Chairman of the Board and CEO of Exxon Mobil Corporation is Rex Tillerson. Tillerson assumed the top position on January 1, 2006, on the retirement of long-time chairman and CEO, Lee Raymond, who received a retirement and severance package of approximately $400 million USD, of which some were critical

As of February 5, 2009, the current ExxonMobil board members are:

Michael Boskin, professor of economics Stanford University, director of Oracle Corporation, Shinsei Bank, and Vodafone Group

Larry R. Faulkner, President, Houston Endowment; President Emeritus, the University of Texas at Austin

William W. George, professor of management practice, Harvard Business School

James R. Houghton, Chairman of the Board, Corning Incorporated

Reatha Clark King, former chairman, Board of Trustees, General Mills Foundation

Philip E. Lippincott, retired Chairman of the Board, Scott Paper Company and Campbell Soup Company

Marilyn Carlson Nelson, Chairman and CEO, Carlson Companies

Samuel J. Palmisano, Chairman of the Board, President and CEO, IBM Corporation

Joaquin Pelayo, Chairman of the Board and President, McGraw Hill.

Steven S Reinemund, retired Executive Chairman of the Board, PepsiCo

Walter V. Shipley, retired Chairman of the Board, Chase Manhattan Corporation

Rex Tillerson, Chairman of the Board and Chief Executive Officer, Exxon Mobil Corporation

Edward E. Whitacre, retired Chairman of the Board and Chief Executive Officer, AT&T