Difference between revisions of "Exxon Mobil"
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==Worldwide== | ==Worldwide== | ||
| − | The main activities of the ExxonMobil Group are exploration, production, transportation and sale of crude oil and natural gas as well as the manufacture, transportation and sale of petroleum products. | + | The main activities of the [[ExxonMobil Group]] are exploration, production, transportation and sale of crude oil and natural gas as well as the manufacture, transportation and sale of petroleum products. |
The group also manufactures and markets petrochemicals and participates in coal and minerals mining, and electric power generation. | The group also manufactures and markets petrochemicals and participates in coal and minerals mining, and electric power generation. | ||
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===UK=== | ===UK=== | ||
| − | Exploration and production is the largest business area of Esso in the UK. However, most of it is done as joint ventures with Shell, with Shell as the operator, so Esso isn’t very visible. Compared to Exxon globally, the downstream and chemical part of their operations are smaller, 5% of total. Esso UK is the market leader in retailing and has the biggest refinery in the UK. | + | Exploration and production is the largest business area of [[Esso]] in the UK. However, most of it is done as joint ventures with [[Shell]], with Shell as the operator, so Esso isn’t very visible. Compared to Exxon globally, the downstream and chemical part of their operations are smaller, 5% of total. Esso UK is the market leader in retailing and has the biggest refinery in the UK. |
==Market share/importance== | ==Market share/importance== | ||
===Worldwide=== | ===Worldwide=== | ||
| − | Exxon is the biggest not state owned oil and gas company in the world. According to the Time & Fortune Group's 2001 Fortune Global 500 list of the largest companies by revenue, it is the biggest corporation [2]. Worldwide it employs over 100,000 people. | + | Exxon is the biggest not state owned oil and gas company in the world. According to the [[Time & Fortune Group]]'s 2001 Fortune Global 500 list of the largest companies by revenue, it is the biggest corporation [2]. Worldwide it employs over 100,000 people. |
| − | Petroleum is mostly sold through Exxon’s/Esso’s service stations of which they have 45,000 in 118 countries. Aviation fuel is sold at more than 700 airports in 80 countries. ExxonMobil Marine Fuels serves more than 300 ports in 70 countries [3]. | + | Petroleum is mostly sold through Exxon’s/Esso’s service stations of which they have 45,000 in 118 countries. Aviation fuel is sold at more than 700 airports in 80 countries. [[ExxonMobil Marine Fuels]] serves more than 300 ports in 70 countries [3]. |
===UK=== | ===UK=== | ||
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[This is brief summary and does not go into the history of the different ExxonMobil companies] | [This is brief summary and does not go into the history of the different ExxonMobil companies] | ||
| − | The history of Exxon and Mobile is that of a true corporate giant. It started when John D. Rockefeller and partners formed the Standard Oil Company (1870). By 1878 Standard Oil controlled 95% of the US refining capacity [4]. This had largely been achieved by swallowing all competitors, and getting secret rebates from oil and making ‘drawback’ agreements with the railroad [5]. In 1989, Standard Oil officials were indicted for violating state anti monopoly laws. Standard Oil was not convicted, but this marked the beginning of several attempts to curb its power. | + | The history of Exxon and Mobile is that of a true corporate giant. It started when [[John D. Rockefeller]] and partners formed the [[Standard Oil Company]] (1870). By 1878 Standard Oil controlled 95% of the US refining capacity [4]. This had largely been achieved by swallowing all competitors, and getting secret rebates from oil and making ‘drawback’ agreements with the railroad [5]. In 1989, Standard Oil officials were indicted for violating state anti monopoly laws. Standard Oil was not convicted, but this marked the beginning of several attempts to curb its power. |
| − | In 1882 the Standard Oil Trust was formed. It was the first trust ever formed and was constructed to circumvent Ohio laws restricting ownership of out of state companies. In 1890 the Sherman Antitrust Act was passed largely in response to Standard Oil’s monopoly. The U.S. Supreme Court finally broke up the Standard Oil trust in 1911 into 34 different companies. The ownership group however, stayed largely the same. Two of the spin-off companies were Jersey Standard and Socony, the chief predecessor companies of Exxon and Mobil respectively. Over the years the two companies spread their interests to all over the world [6]. | + | In 1882 the Standard Oil Trust was formed. It was the first trust ever formed and was constructed to circumvent Ohio laws restricting ownership of out of state companies. In 1890 the Sherman Antitrust Act was passed largely in response to Standard Oil’s monopoly. The U.S. Supreme Court finally broke up the Standard Oil trust in 1911 into 34 different companies. The ownership group however, stayed largely the same. Two of the spin-off companies were [[Jersey Standard]] and [[Socony]], the chief predecessor companies of Exxon and Mobil respectively. Over the years the two companies spread their interests to all over the world [6]. |
| − | During the 1930s when Walter C. Teagle was head of Standard Oil, the company forged close ties with I.G. Farben, a firm that supported the Nazis and used concentration camp labour. Charles Higham (a former New York Times writer and biographer) writes in his book Trading With the Enemy: ‘From the 1920s on Teagle showed a marked admiration for Germany’s enterprise in overcoming the destructive terms of the Versaille Treaty. His lumbering stride, booming tones, and clouds of cigar smoke became widely and affectionately known in the circles that helped support the rising Nazi Party’ [7]. Exxon Mobil’s website prefers to describe how ‘Each company [Jersey Standard and Socony-Vacuum] beefed up refining output to supply the Allied war effort [8].’ | + | During the 1930s when [[Walter C. Teagle]] was head of Standard Oil, the company forged close ties with [[I.G. Farben]], a firm that supported the Nazis and used concentration camp labour. [[Charles Higham]] (a former New York Times writer and biographer) writes in his book Trading With the Enemy: ‘From the 1920s on Teagle showed a marked admiration for Germany’s enterprise in overcoming the destructive terms of the Versaille Treaty. His lumbering stride, booming tones, and clouds of cigar smoke became widely and affectionately known in the circles that helped support the rising Nazi Party’ [7]. Exxon Mobil’s website prefers to describe how ‘Each company [Jersey Standard and Socony-Vacuum] beefed up refining output to supply the Allied war effort [8].’ |
| − | In 1931 Socony purchased assets of Vacuum Oil and changed its name to Socony-Vacuum. Socony-Vacuum became Socony Mobil Oil Co. in 1955 and, in 1966, simply Mobil Oil Corp. | + | In 1931 Socony purchased assets of [[Vacuum Oil]] and changed its name to [[Socony-Vacuum]]. Socony-Vacuum became [[Socony Mobil Oil Co.]] in 1955 and, in 1966, simply [[Mobil Oil Corp.]] |
Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. In other parts of the world its affiliated companies continued to use the Esso trademark. | Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. In other parts of the world its affiliated companies continued to use the Esso trademark. | ||
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The biggest public scandal to hit Exxon so far came with the Exxon Valdez oil spill in 1989 (see Case Study and Corporate Crimes below). | The biggest public scandal to hit Exxon so far came with the Exxon Valdez oil spill in 1989 (see Case Study and Corporate Crimes below). | ||
| − | In 1998, Exxon and Mobil signed a definitive agreement to merge and form a new company called Exxon Mobil Corporation. ‘This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive,’ was the comment of Lee Raymond and Lou Noto, chairmen and chief executive officers of Exxon and Mobil respectively. After shareholder and regulatory approvals, the merger was completed in November 1999 [10]. | + | In 1998, Exxon and Mobil signed a definitive agreement to merge and form a new company called Exxon Mobil Corporation. ‘This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive,’ was the comment of [[Lee Raymond]] and [[Lou Noto]], chairmen and chief executive officers of Exxon and Mobil respectively. After shareholder and regulatory approvals, the merger was completed in November 1999 [10]. |
===UK=== | ===UK=== | ||
| − | Esso started as the Anglo-American Oil Company in 1888, producing oil for kerosene lamps. It was only in 1951 that they became known as Esso. Following the merger of Exxon and Mobil in December 1999, it is now a part of the Exxon Mobil Corporation. | + | Esso started as the [[Anglo-American Oil Company]] in 1888, producing oil for kerosene lamps. It was only in 1951 that they became known as Esso. Following the merger of Exxon and Mobil in December 1999, it is now a part of the Exxon Mobil Corporation. |
| − | Esso has now finalised an alliance with [[Tesco]]. Although Tesco claims that it no longer sourcs its petrol from Esso in its own brand petrol stations, their alliance sees Tesco Express forecourt shops on the grounds of Esso petrol stations. | + | Esso has now finalised an alliance with [[Tesco]]. Although Tesco claims that it no longer sourcs its petrol from Esso in its own brand petrol stations, their alliance sees [[Tesco Express]] forecourt shops on the grounds of Esso petrol stations. |
Revision as of 16:38, 9 July 2007
Contents
Worldwide
The main activities of the ExxonMobil Group are exploration, production, transportation and sale of crude oil and natural gas as well as the manufacture, transportation and sale of petroleum products.
The group also manufactures and markets petrochemicals and participates in coal and minerals mining, and electric power generation.
In 2000, 82% of the revenues came from refining and marketing; 10% from exploration and production; 8% from Chemicals, 8% and other revenues were nominal [1].
UK
Exploration and production is the largest business area of Esso in the UK. However, most of it is done as joint ventures with Shell, with Shell as the operator, so Esso isn’t very visible. Compared to Exxon globally, the downstream and chemical part of their operations are smaller, 5% of total. Esso UK is the market leader in retailing and has the biggest refinery in the UK.
Worldwide
Exxon is the biggest not state owned oil and gas company in the world. According to the Time & Fortune Group's 2001 Fortune Global 500 list of the largest companies by revenue, it is the biggest corporation [2]. Worldwide it employs over 100,000 people.
Petroleum is mostly sold through Exxon’s/Esso’s service stations of which they have 45,000 in 118 countries. Aviation fuel is sold at more than 700 airports in 80 countries. ExxonMobil Marine Fuels serves more than 300 ports in 70 countries [3].
UK
Esso is the biggest petrol retailer in the UK with 1620 stations, of which 878 are company owned. Around 70% of the population live within a mere two miles of an Esso petrol station. According to Esso, their Snack ‘n’ Shop chain (part of their petrol stations) is the largest chain of shops in the oil industry.
Esso produce 10% of UK oil and gas, while over 15% of all oil products used in Britain come from their refinery in Fawley. As for gas, Esso supplies almost 9% of the total gas used by UK consumers.
Esso employs about 2800 people. Added to that amount is the significant number employed by subsidiary companies and contractors working on Esso sites and projects.
History
Worldwide
[This is brief summary and does not go into the history of the different ExxonMobil companies]
The history of Exxon and Mobile is that of a true corporate giant. It started when John D. Rockefeller and partners formed the Standard Oil Company (1870). By 1878 Standard Oil controlled 95% of the US refining capacity [4]. This had largely been achieved by swallowing all competitors, and getting secret rebates from oil and making ‘drawback’ agreements with the railroad [5]. In 1989, Standard Oil officials were indicted for violating state anti monopoly laws. Standard Oil was not convicted, but this marked the beginning of several attempts to curb its power.
In 1882 the Standard Oil Trust was formed. It was the first trust ever formed and was constructed to circumvent Ohio laws restricting ownership of out of state companies. In 1890 the Sherman Antitrust Act was passed largely in response to Standard Oil’s monopoly. The U.S. Supreme Court finally broke up the Standard Oil trust in 1911 into 34 different companies. The ownership group however, stayed largely the same. Two of the spin-off companies were Jersey Standard and Socony, the chief predecessor companies of Exxon and Mobil respectively. Over the years the two companies spread their interests to all over the world [6].
During the 1930s when Walter C. Teagle was head of Standard Oil, the company forged close ties with I.G. Farben, a firm that supported the Nazis and used concentration camp labour. Charles Higham (a former New York Times writer and biographer) writes in his book Trading With the Enemy: ‘From the 1920s on Teagle showed a marked admiration for Germany’s enterprise in overcoming the destructive terms of the Versaille Treaty. His lumbering stride, booming tones, and clouds of cigar smoke became widely and affectionately known in the circles that helped support the rising Nazi Party’ [7]. Exxon Mobil’s website prefers to describe how ‘Each company [Jersey Standard and Socony-Vacuum] beefed up refining output to supply the Allied war effort [8].’
In 1931 Socony purchased assets of Vacuum Oil and changed its name to Socony-Vacuum. Socony-Vacuum became Socony Mobil Oil Co. in 1955 and, in 1966, simply Mobil Oil Corp.
Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. In other parts of the world its affiliated companies continued to use the Esso trademark.
In the 1970s, Exxon, Mobil and other companies escalated exploration and development outside the Middle East - in the North Sea, the Gulf of Mexico, Africa and Asia [9].
The biggest public scandal to hit Exxon so far came with the Exxon Valdez oil spill in 1989 (see Case Study and Corporate Crimes below).
In 1998, Exxon and Mobil signed a definitive agreement to merge and form a new company called Exxon Mobil Corporation. ‘This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive,’ was the comment of Lee Raymond and Lou Noto, chairmen and chief executive officers of Exxon and Mobil respectively. After shareholder and regulatory approvals, the merger was completed in November 1999 [10].
UK
Esso started as the Anglo-American Oil Company in 1888, producing oil for kerosene lamps. It was only in 1951 that they became known as Esso. Following the merger of Exxon and Mobil in December 1999, it is now a part of the Exxon Mobil Corporation.
Esso has now finalised an alliance with Tesco. Although Tesco claims that it no longer sourcs its petrol from Esso in its own brand petrol stations, their alliance sees Tesco Express forecourt shops on the grounds of Esso petrol stations.
Products/Projects
Products
The core of Exxon Mobil’s business is oil and gas. Petroleum is mostly sold through Exxon’s/Esso’s service stations. Aviation fuel is sold at airports, and ExxonMobil Marine Fuels serves ports.
Exxon Mobil is the world’s largest non-governmental marketer of equity natural gas [12].
It is also the world’s leading marketer of finished lubricants, using the brand name Mobil [13] and the world’s largest wholesaler of helium [14].
Exxon Chemical products include plastics, oriented polypropylene film, synthetic rubber, fluids, plasticizers, basic chemical building blocks such as ethylene, ethylene glycol, propylene and paraxylene, fuel and lubricant additives and synthetic lubricant base stocks [15].
Projects
Oil and gas exploration all over the world. Coal extraction and mining on two continents.
Resources
- Exxon Mobil: Who, Where, How Much?
- Exxon Mobil: Influence / Lobbying
- Exxon Mobil: Corporate Crimes
- Exxon Mobil: Links, contacts & resources
External Resources
- Union of Concerned Scientists, Scientists' Report Documents ExxonMobil’s Tobacco-like Disinformation Campaign on Global Warming Science , 3 January 2007.
- Sourcewatch, Exxon Mobil
References
- ^ Corporate Information: http://profiles.wisi.com/profiles/scripts/corpinfo.asp?CUSIP=30231G102
- ^ www.fortune.com, viewed 31.08.01
- ^ ExxonMobil annual report 2000, p. 19
- ^ Corporate History p. 427
- ^ Titan: The Life of John D. Rockefeller Sr., by Ron Chernow, gives a more detailed explanation of this. Read it online at www.micheloud.com/FXM/SO/rock.htm
- ^ Corporate History p. 427
- ^ EXXON: THE OIL KING, John Summa, published by Multinational Monitor, www.essential.org/monitor/hyper/issues/1989/01/mm0189_10.html
- ^ ExxonMobil’s web site, www.exxonmobil.com/emhistory, viewed 1/9/01
- ^ ibid.
- ^ ibid.
- ^ ExxonMobil annual report 2001, p. 14
- ^ ExxonMobil annual report 2001, p. 17
- ^ ExxonMobil annual report 2001, p. 14
- ^ ExxonMobil’s web site, www.exxonmobil.com/chemical/about/index.html
