1. ExxonMobil Accused of Supporting Indonesian Military
In 2001, a lawsuit was filed against ExxonMobil alleging that the company had provided material support to Indonesian military forces, which were then used to commit horrific crimes such as murder, rape, and torture. Despite the gravity of the accusations, the suit was ultimately dismissed. Nevertheless, the allegations remain a dark stain on ExxonMobil's reputation.
2. ExxonMobil Tops 8 of 10 Largest Earnings Records
As of 2010, ExxonMobil had an impressive showing on the 'Largest Corporate Quarterly Earnings of All Time' list, taking eight of the top ten spots. This is a testament to the company's success, as it has consistently been one of the most profitable corporations in the world. In the first quarter of 2010 alone, ExxonMobil reported a staggering $11.68 billion in profits, making it the highest-earning quarter in the company's history. This impressive feat was followed by seven more quarters in the top ten, further cementing ExxonMobil's place as one of the most successful companies in the world.
3. The Worst Environmental Disaster in History: The Exxon Valdez Spill
The Exxon Valdez oil spill of 1989 was one of the worst environmental disasters in history, resulting in the death of over 250,000 animals, including seabirds, sea otters, bald eagles, and killer whales. The spill occurred when the Exxon Valdez tanker ran aground on Bligh Reef in Prince William Sound, Alaska, spilling 11 million gallons of crude oil into the ocean. The oil spread over 1,300 miles of coastline, devastating the local wildlife and ecosystems. The effects of the spill were felt for years, with some species still feeling the impacts today.
4. Exxon Mobil Ends Domestic Partner Benefits for Same-Sex Couples
In 1999, Exxon and Mobil Corporations merged, resulting in Mobil ending their domestic partner benefits for same-sex partners of their employees. This was a major setback for the LGBTQ+ community, as it meant that same-sex couples were no longer eligible for the same benefits as heterosexual couples. This decision was met with much criticism from the LGBTQ+ community, as it was seen as a step backwards in terms of equality and acceptance. Despite the outcry, Exxon Mobil has yet to reinstate domestic partner benefits for same-sex couples.
5. Exxon Mobil Finds Massive Oil and Gas Reserve in Gulf of Mexico
In 2011, Exxon Mobil made a major announcement - they had discovered a large oil and gas reserve in the Gulf of Mexico. This discovery was one of the largest in the last decade in the Gulf of Mexico, and it was a major milestone for the corporation. The discovery was estimated to contain billions of barrels of oil and trillions of cubic feet of natural gas, and it was expected to provide a significant boost to Exxon Mobil's production capabilities.
6. The largest company on the planet
In 1998, Exxon and Mobil merged in a historic $73.7 billion agreement, making Exxon Mobil the largest company on the planet. This agreement was the largest of its kind at the time, and it allowed the two companies to combine their resources and expertise to become a global leader in the energy industry. The merger created a company with a market capitalization of over $280 billion, making it the largest publicly traded company in the world. Exxon Mobil has since become a major player in the energy industry, with operations in over 70 countries and territories around the world.
7. ExxonMobil records $40.61 billion in 2007
In 2007, ExxonMobil achieved an incredible milestone, recording a total net income of $40.61 billion. This was a significant increase from the previous year, and it cemented ExxonMobil's position as one of the world's leading oil and gas companies. The company's success was driven by its strong financial performance, with record-breaking profits from its upstream and downstream operations. This impressive result was further bolstered by its strong presence in the global market, with operations in more than 50 countries. ExxonMobil's success in 2007 was a testament to its commitment to excellence and its ability to capitalize on opportunities in the energy sector.
8. "Oil Lingers on Half of Exxon Valdez-Hit Beaches"
Despite the passage of nearly two decades since the Exxon Valdez Oil Spill, a 2001 federal survey revealed that oil still remains under half of the beaches affected by the disaster. This is due to the fact that the oil is highly resistant to natural degradation, meaning that it may take decades for it to disappear completely. The Exxon Valdez Oil Spill is considered to be one of the worst environmental disasters in history, and its effects are still being felt today.
9. Exxon Mobil pipeline spills oil in Mayflower, Arkansas
In Mayflower, Arkansas, a devastating oil spill occurred when an ExxonMobil pipeline ruptured, spilling at least 12,000 barrels of oil and forcing the evacuation of 22 homes. The environmental and economic impact of this disaster was immense, with the local community suffering from the destruction of wildlife habitats, the contamination of local water sources, and the displacement of families. The clean-up process is still ongoing, and the long-term effects of this spill are yet to be seen.
10. The Story of a Merger That Changed the World
Exxon Mobil is one of the world's largest oil and gas companies, but it wasn't always that way. Before the two companies merged in 1999, Exxon and Mobil were both corporations of the former Standard Oil Company, which was founded by John D. Rockefeller in 1870. The merger of Exxon and Mobil created the world's largest publicly traded oil and gas company, and it has since become a major player in the global energy industry.