ExxonMobil
Some of the key events about ExxonMobil
- 1911Standard Oil of New Jersey (later ExxonMobil) established the first industrial research laboratory in the United States oil industry
- 1911Standard Oil Trust was dissolved due to antitrust violations, leading to the creation of several successor companies including predecessors of ExxonMobil
- 1938Developed and commercialized butyl rubber, a synthetic rubber with important applications
- 1959Introduced the first synthetic automotive lubricant, Mobil 1
- 1962Pioneered 3D seismic technology for oil exploration
- 1976Developed and implemented catalytic converters to reduce vehicle emissions
- 1989Played a significant role in the Valdez oil spill cleanup efforts in Alaska
- 1989The Exxon Valdez oil tanker ran aground in Alaska, spilling 11 million gallons of crude oil and causing massive environmental damage
- 1999Merged Exxon and Mobil to form ExxonMobil, creating one of the world's largest publicly traded companies
- 1999Exxon and Mobil merged, raising concerns about reduced competition and increased market power in the oil industry
- 2001The company was accused of human rights abuses in connection with its operations in Aceh, Indonesia
- 2006A federal jury found ExxonMobil liable for contaminating groundwater in New York City with the gasoline additive MTBE
- 2007Invested $100 million in Stanford University's Global Climate and Energy Project
- 2009ExxonMobil paid $600 million in damages for the 1989 Valdez oil spill after years of legal battles
- 2013Launched a program to improve education in science, technology, engineering, and mathematics (STEM) across the United States
- 2013The company's pipeline ruptured in Mayflower, Arkansas, spilling thousands of barrels of heavy crude oil in a residential area
- 2015Investigations revealed ExxonMobil had known about climate change since the 1970s but publicly denied its existence and funded climate change denial
- 2016ExxonMobil was fined $12 million for environmental violations related to a 2011 oil spill in the Yellowstone River
- 2018Joined the Oil and Gas Climate Initiative, committing to reduce methane emissions and flaring intensity
- 2019The company faced a lawsuit in Massachusetts for allegedly deceiving consumers and investors about climate change risks
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
ExxonMobil Latest news
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Suriname's $10 Billion Oil Project Set to Transform Nation's Economy
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Mozambique's Economic Hurdles: Debt, Delayed Gas Projects Loom Over Election
Mozambique faces economic challenges as presidential election approaches. High debt, delayed gas projects, and security issues threaten stability, while future hinges on oil and gas development amid waning investor interest.
GOP Bill Seeks Transparency in Civil Lawsuit Funding
Republican lawmakers introduce legislation requiring disclosure of third-party funding in civil lawsuits, aiming to increase transparency and address concerns about unnecessary litigation in the $15. 2 billion industry.
Asian Markets Mixed as Middle East Tensions Escalate Oil Prices
Asian shares fluctuated amid Middle East tensions, with Tokyo falling and Hong Kong rising. Oil prices surged following Iran's missile attack on Israel, overshadowing positive U.S. job data.
Mozambique's Elections: Frelimo's Grip Amid Insurgency and Economic Challenges
Mozambique prepares for elections as ruling party Frelimo faces ongoing insurgency and economic hurdles. Voters to decide amid stalled gas projects and climate threats in resource-rich nation.
Suriname's $10 Billion Oil Project Set to Transform Nation's Economy
TotalEnergies and APA Corp announce major offshore oil investment in Suriname. The project, expected to produce 220,000 barrels daily by 2028, aims to boost living standards in the South American nation.
Global Tensions Rise: From Middle East Conflict to U.S. Election Dynamics
Recent Israeli airstrikes on Lebanon escalate regional tensions. Meanwhile, the U.S. faces a tight presidential race and potential hurricane threat, as global issues from missile tests to environmental lawsuits unfold.
California Sues ExxonMobil Over Alleged Plastic Recycling Deception
California files lawsuit against ExxonMobil, accusing the company of misleading the public about plastic recycling effectiveness. The state seeks to end deceptive practices and secure penalties for environmental harm.
California Sues ExxonMobil Over Alleged Plastics Recycling Deception
California files lawsuit against ExxonMobil, accusing the oil giant of misleading the public about plastics recycling effectiveness. The case aims to hold the company accountable for its role in the global plastic pollution crisis.
Climate Law's Resilience: IRA Survives Political Shifts with Strategic Investments
The Inflation Reduction Act, despite initial opposition, has gained bipartisan support through strategic investments and job creation. Its core provisions are likely to endure, even under potential political changes.
Oil Giants Triumph in Consumer Appeal Over Alleged Price-Fixing Scheme
Major oil companies successfully defend against consumer accusations of collusion with Trump, Russia, and Saudi Arabia. 9th Circuit Court cites political nature and lack of evidence in dismissing price-fixing claims.
Exxon CEO Warns Activists, Defends Legal Action on Climate Proposals
Exxon's CEO cautions activist shareholders about climate-related proposals, defending the company's legal actions. He emphasizes balancing emissions concerns with global energy needs and suggests a carbon accounting system.
Tropical Storm Francine Threatens Louisiana, Disrupts Gulf Energy Operations
Tropical Storm Francine intensifies, prompting evacuations in Louisiana and shutdowns in Gulf of Mexico energy production. The storm poses a significant test for LNG export facilities in the region.
Alberta Regulator Fines Imperial Oil for Toxic Leak at Kearl Mine
Alberta Energy Regulator penalizes Imperial Oil C$50,000 for toxic tailings leak at Kearl oil sands mine. Company must submit reports on seepage mitigation and potential impacts of industrial wastewater release.
Oil Tycoon Autry Stephens, Founder of Endeavor Energy, Dies at 86
Autry Stephens, billionaire founder of Endeavor Energy Resources, passed away at 86 after a cancer battle. Known for his work ethic, he recently agreed to sell his company for $26 billion.
US Oil Contractors Eye Global Expansion Amid Domestic Slowdown
As US shale drilling activity peaks, oil-field contractors look overseas for growth. Helmerich & Payne's $1.97 billion acquisition signals a shift towards international markets, particularly the Middle East.