Industrialist John D. Rockefeller started Standard Oil Company in The business focused on kerosene in its early years.
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In , an anti-trust ruling broke up Standard Oil into 34 companies, including what would eventually become Mobil and Exxon — in and , respectively. As competitors, the companies spent decades growing, acquiring other businesses, improving techniques and developing new synthetics.
Exxon made headlines around the world in when the Exxon Valdez supertanker ran aground in the Prince William Sound in Alaska.
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The equivalent of hundreds of thousands of barrels of oil spilled into the water. The cleanup took years and cost billions of dollars, and the company says it has made changes to prevent a similar accident from happening. Mobil and Exxon merged 10 years later, in what was then the largest corporate merger ever.
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The combined Exxon Mobil became the largest oil company and one of the overall largest businesses in the world. As of , there were about 12, Exxon and Mobil gas stations in the U.
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The company said it would sell its remaining stations over several years. The company said it will create thousands of jobs as it expands existing operations and adds new infrastructure and manufacturing in areas like Texas and New Mexico.
Jersey Standard changed its name to Exxon Corporation in and established Exxon as a trademark throughout the United States. In other parts of the world its affiliated companies continued to use the Esso trademark. While ExxonMobil's predecessors were never without serious challenges, perhaps the biggest public scandal hit Exxon with the Exxon Valdez oil spill in In , Exxon and Mobil signed a definitive agreement to merge and form a new company called ExxonMobil Corporation.
Exxon Valdez Oil Spill
After shareholder and regulatory approvals, the merger was completed in November A brave new world was born. Contact Us. Our Company. Corporate Citizenship. Our Brands. Your Industry. Corporate Governance.
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History The history of ExxonMobil is that of a true corporate giant. Copyrighteous ExxonMobil Corporation.