Top 10 Companies in the World 2017

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8. Exxon Mobil

Exxon Mobil is an American oil and gas giant, which was formed as a result of the merger of two companies, Exxon and Mobil.

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Today, it is among the largest oil refineries in the world, producing around 6.3 million barrels per day. The firm operates under three brand names worldwide – Exxon, Esso and Mobil and Exxon Mobil also has several subsidiaries that are involved in shipping of petroleum, for example, Sea River Maritime and Imperial Oil Limited of Canada.

The company is headquartered in Houston, Texas and has the following three distinct operating categories, the upstream, downstream and chemical divisions. The upstream division is involved in exploration, extraction and shipping of oil; and the downstream division specializes in marketing and retailing operations.

The company was formed as a result of a merger between the largest oil company in the world, Exxon, and the 2nd largest oil company in the USA, Mobil, in 1999. Incidentally, both of these companies are successors of Standard Oil, which was established in 1870 by John Rockefeller. In 1911, Standard Oil was split into 34 distinct companies, among which were Jersey Standard and Standard Oil Co. of New York, which subsequently became Exxon and Mobil respectively.

The company has faced criticism from environmental activists, including Greenpeace, on account of pollution and alleged lethargy in responding to disasters. In 2005, it was the 6th largest contributor to airborne pollutants, and dedicated less than 1% of net profits to development of alternate energy. Exxon Mobil has also faced the heat for its involvement in environmental disasters such as the Yellowstone River oil spill, Exxon Valdez oil spill, Baton Rouge Refinery pipeline oil spill etc. In 2005, the company overtook Walmart to become the largest publicly held corporation by revenue in the world. The two firms have been closely competing for the top spot ever since. The current CEO of the company is Darren Woods, and it employs over 73,000 employees.

Sales ($Bn): 197.5

Profits ($Bn): 7.8

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