2010 World Top 10 Company #3 - Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) or Exxon-Mobil, 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.

ExxonMobil is the largest of the six oil supermajors with daily production of 3.921 million BOE (barrels of oil equivalent). In 2008, this was approximately 3% of world production, which is less than several of the largest state-owned petroleum companies.When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.

Exxon-Mobil is structured and managed by business activity, on a global basis, rather than by country.    New Exxon-Mobil structure, following merger, organises into 11 separate global businesses:

• five upstream: exploration, development, production, gas marketing, upstream research
• four downstream: refining & supply, fuels marketing, lubricants & petroleum specialities, technology
• chemicals
• coal & minerals

Relative size of these areas in Exxon-Mobil globally according to Exxon-Mobil Financial & Operating Review (average capital employed, 2000):

Upstream  44.6%
Downstream 31.7%
Chemicals 15.8%
Other + corporate 7.9%