The Company Corporation And Exxon Corporation Essay

1602 WordsNov 8, 20167 Pages
ExxonMobil, is the largest publicly traded oil and gas company in the world. It was formed from the merger of Mobil Corporation and Exxon Corporation and it is best known in many countries by the brand names Exxon, Esso, and Mobil. The company was incorporated on August 5, 1882 and it operates through five different segments: Upstream, Downstream, Chemical, and Corporate and Finance. The Upstream segment explores for and produces crude oil and natural gas. The Downstream segment manufactures and sells petroleum products. The Chemical segment manufactures and sells petrochemicals such as olefins, aromatics, and polyethylene and polypropylene plastics. The company is involved in various projects such as the Kearl project, Heidelberg project, the Lucius project and many more others. In the United States, the company holds over 14.0 million net acres of which 1.3 million net acres were offshore. It is situated primarily in the Permian Basin of West Texas and New Mexico. In addition, they are situated in the Bakken oil play in North Dakota and Montana and for gas exploration in the Marcellus Shale of Pennsylvania, Virginia, and Ohio. In total, it holds an approximate amount of 3.5 in net exploration and development throughout the states. The company also holds various amount of acres in Canada, South America, Europe, Africa, Asia, and Australia and Oceania and supplies refined products to more than 19,000 gas stations worldwide including almost 10,000 in the United States. The
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