ExxonMobil

Rockefeller and his associates establish the Standard Oil Company (Ohio), which becomes the largest refining capacity of any single firm in the world. The company's name signifies high and uniform quality.

Colonel Edwin Drake and Uncle Billy Smith successfully drill the first oil well in Titusville, Pennsylvania, leading to an oil boom similar to the gold rush. This discovery marks the beginning of the modern oil industry.

In 1911, the Supreme Court of the United States ruled that Standard Oil must be dissolved and split into 34 companies, with two of them becoming Standard Oil Company of New Jersey and Standard Oil of New York.

Ralph De Palma becomes the first of many Indianapolis 500 winners to use Mobil products. He achieves an average speed of 89.84 mph.

In 1972, Exxon was unveiled as the new, unified brand name for all former Enco and Esso outlets, along with a new rectangular logo using red lettering and blue trim on a white background. The rebranding came after successful test-marketing of the Exxon name and logos.

Exxon replaced the Esso, Enco, and Humble brands in the United States on January 1, 1973, after the rebranding and corporate name change.

On May 2, 1982, Exxon announced the termination of the Colony Shale Oil Project due to low oil prices and increased expenses.

In 1989, an Exxon tanker spilled approximately 11 million U.S. gallons of oil into Prince William Sound, Alaska, causing extensive damage to the coastline and wildlife. It remains one of the largest oil spills in American history.

In 1998, Exxon and Mobil signed a US$73.7 billion merger agreement, forming a new company called Exxon Mobil Corp. This merger was the largest corporate merger at that time, creating the largest oil company and the third-largest company in the world.

ExxonMobil, the world's largest oil company, was formed when Exxon acquired Mobil for $73.7 billion.

The merger of Exxon and Mobil was approved in the European Union by the European Commission on September 29, 1999. This approval was a significant step in the consolidation of the two major companies.

The United States Federal Trade Commission approved the merger of Exxon and Mobil on November 30, 1999. This approval marked a crucial milestone in the completion of the merger.

ExxonMobil's oil and gas operations history, company profile, and corporate video.

On October 9, 2014, the International Centre for Settlement of Investment Disputes awarded ExxonMobil $1.6 billion in a case against the Venezuelan government for the illegal expropriation of its Venezuelan assets in 2007.

As of December 31, 2014, ExxonMobil owned 14.6 million acres in the United States, including offshore areas and concentrated activities in specific regions such as the Permian Basin, Bakken Formation, and the Gulf of Mexico.

The Los Angeles Times and Columbia University’s Graduate School of Journalism publish a story revealing Exxon’s awareness of climate threats to the Arctic, despite public dismissal by Exxon executives.

U.S. Representatives Ted Lieu and Mark DeSaulnier call for an investigation by the U.S. Department of Justice to determine if Exxon violated various laws including RICO, consumer protection, truth in advertising, public health, and shareholder protection.

New York Attorney General Eric Schneiderman opens an investigation into Exxon over whether the company has lied about what it knew about climate change. The AG issues a subpoena to Exxon demanding in-house documents.

On January 20, 2016, the Los Angeles Times reports that California’s Attorney General is investigating Exxon over potential securities fraud or violation of environmental laws related to climate change misinformation.

On December 13, 2016, Rex Tillerson was nominated as Secretary of State, leading to Darren Woods' appointment as CEO and Chairman of ExxonMobil.

Dina Powell McCormick became an independent director of the company in 2024 at the age of 50.

19 Senate democrats use the chamber floor to emphasize the fossil fuel industry's deceptive tactics regarding climate change, including ExxonMobil's involvement.

New York Attorney General Eric Schneiderman states in an interview with the New York Times that the investigation into Exxon is shifting focus towards whether the company failed to report the potential impact of climate change regulations on its future business, rather than what it knew about climate change years ago. The AG's office is conducting a straightforward fraud investigation.

The company's directors, officers and employees are expected to observe the highest standards of integrity in conducting business.

The Securities and Exchange Commission (SEC) is investigating whether Exxon failed to publicly report the potential impact of climate regulations on its future business and whether it failed to de-book some of its oil and gas reserves in the face of low oil prices. This investigation is also being conducted by the New York Attorney General.

On March 1, 2022, ExxonMobil severed all ties with Russia, exited the Sakhalin-I project, and increased investments into blue hydrogen and carbon capture and storage in Texas and the UK.

Exxon's annual shareholders meeting in Dallas sees the board addressing 14 proposed resolutions, with 10 of them related to climate change. Despite the rejection of climate change resolutions, a significant 38% vote supports a resolution requiring Exxon to report on the impacts of climate policy on its business. Another resolution allowing shareholders to vote in a portion of Exxon’s board of directors is passed, potentially leading to the inclusion of a climate expert on the board.

After Russia's 2022 invasion began, ExxonMobil announced it was fully pulling out of both Russia and Sakhalin-I, and launched a lawsuit against Russia's federal government on August 30.

ExxonMobil has evolved over the past 140 years to become one of the largest publicly traded petroleum and petrochemical enterprises in the world.

On October 11, 2023, ExxonMobil announced the acquisition of Pioneer Natural Resources in a $59.5 billion all-stock deal, marking a significant move in the energy industry.

Exxon managed to exceed profit expectations in the fourth quarter despite facing a significant charge and declining crude prices.