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Corporate Financialization
book

Corporate Financialization

by Marcelo José do Carmo, Mário Sacomano Neto, Julio Cesar Donadone
March 2023
Intermediate to advanced content levelIntermediate to advanced
240 pages
7h 12m
English
Routledge
Content preview from Corporate Financialization

11 ExxonMobil

DOI: 10.4324/9781003309536-11

ExxonMobil Corporation is an oil group formed by the merger between Exxon and Mobil, which took place in 1999. Exxon was the new name given to the Standard Oil Company of New Jersey, and Mobil was the name given to the former Standard Oil Company of New York. Previously, the two were the same company, Standard Oil, founded by tycoon John Davison Rockefeller in 1870, who was dismembered in 1911. It is an oil group organized around three areas of activity:

  1. Refining and distribution: (79.3% of sales): 5.5 million barrels of oil products (diesel oil, gasoline, fuel oil, lubricants, engine oils, etc.) sold per day. At the end of 2018, the group operated a network of 20,806 service stations under the ...
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Publisher Resources

ISBN: 9781000857436