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ExxonMobil

PORT MORESBY, PAPUA NEW GUINEA - MAY 09: The Australian Air Force plane carrying Australian Prime Minister Julia Gillard touches down at Jackson International Airport on May 9, 2013 in Port Moresby, Papua New Guinea. The trip is the first official visit for Prime Minister Julia Gillard to the Pacific Island Nation and the first visit since former prime minster Kevin Rudd visited in 2007. The three-day visit will include trips to a local market and primary school as well as tours of the Exxon Mobil Liquefied Natural Gas plant and the Bomana War Cemetery.

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  • Turkey: oil search deal reached in northern Iraq

    (AP) -- Turkey says its state-run petroleum company has reached a deal with U.S. company Exxon Mobil to explore for oil in northern Iraq.Prime Minister Recep Tayyip Erdogan said Tuesday that the deal was a "step toward exploring for oil" in Iraq's Kurdish   Read more »

  • Oily ducks found following Arkansas oil spill

    they tried to clean up part of the area where the spill began.The pipeline that ruptured dates back to the 1940s, according to ExxonMobil, and is part of the Pegasus pipeline that carries crude oil from the Midwest to refineries in the Gulf of Mexico .Exxon   Read more »

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About ExxonMobil

The Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007, having interchanged this status with Wal-Mart in recent years, as oil prices have fluctuated. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at current rates of production, are expected to last over 14 years. While it is the largest of the six oil supermajors with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007, this is only approximately 3% of world production and ExxonMobil's daily production is surpassed by several of the largest state-owned petroleum companies. When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total. Currently, the company ranks #1 in the world in net income, which was almost $40 billion in 2007.

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