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ExxonMobil Corporation [a] ( / ˌɛksɒnˈmoʊbəl / EKS-on-MOH-bəl; commonly shortened to Exxon [5] [6] [7]) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller 's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated ...
From the 1980s to mid 2000s, ExxonMobil was a leader in climate change denial, opposing regulations to curtail global warming. For example, ExxonMobil was a significant influence in preventing ratification of the Kyoto Protocol by the United States. [1] ExxonMobil funded organizations critical of the Kyoto Protocol and seeking to undermine ...
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources. [2] [3] The company specializes in developing shale ...
ExxonMobil Nigeria. ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. [1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres). [2]
SeaRiver Maritime is a wholly owned subsidiary of ExxonMobil. The company was formed in the early 1990s by Exxon when it spun off its maritime operations into the new company following the Exxon Valdez oil spill in 1989. [1] In 1994, SeaRiver applied for a federal subsidy to operate tankers in the Persian Gulf.
Exxon Mobil Corporation. People of the State of New York v. Exxon Mobil Corp. was a lawsuit filed on October 24, 2018, in the New York Supreme Court. The suit alleges fraud by Exxon Mobil Corporation to mislead the company's investors about management of risks posed by climate change. [1] On November 15, 2018, the court signed a preliminary ...
2010 ExxonMobil oil spill. On May 1, 2010, a ruptured ExxonMobil pipeline in the state of Akwa Ibom, Nigeria, spilled more than a million gallons into the delta and contributed to the major environmental issues in the Niger Delta. [1] The spill had occurred at an Exxon platform some 20–25 miles (32–40 km) offshore which feeds the Qua Iboe ...
Kyoto Protocol. In March 2001, the Bush Administration announced that it would not implement the Kyoto Protocol, an international treaty signed in 1997 in Kyoto, Japan that would require nations to reduce their greenhouse gas emissions, claiming that ratifying the treaty would create economic setbacks in the U.S. and does not put enough pressure to limit emissions from developing nations.