I/ CORE BUSINESS
“The Exxon Mobil Corporation or ExxonMobil is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil”. (Auke Visser 2007)
“The Exxon Mobil Corporation headquarters are located in Irving, Texas. ExxonMobil markets products around the world under the brands of Exxon, Mobil, and Esso. It also owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership) in Canada, and Sea River Maritime, a petroleum shipping company”. (Wikipedia - the free encyclopedia, 2010)
ExxonMobil is organized functionally into several worldwide operating divisions. These divisions are grouped into three categories for reference, although the company also has several ancillary divisions, such as coal, minerals, which are standing alone.
• Upstream (oil exploration, extraction, wholesale operations and shipping). This division is based in Houston, Texas
• Downstream (marketing, refining, and retail operations). This division based in Fairfax, Virginia
• Chemical division based in Houston, Texas: The chemicals division produces and sells petrochemicals. Exxon Mobil Chemical is an affiliated manufacturer and global marketer of olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant base stocks, additives for fuels and lubricants, zeolite catalysts, and other petrochemical products.
The upstream division dominates the cash flow of Exxon Mobil, accounting for approximately 70% of revenue. The company employs over 82,000 people worldwide, as denoted in ExxonMobil's 2006 Corporate Citizen Report, with approximately 4,000 employees in its Fairfax downstream headquarters and 27,000 people in its Houston upstream headquarters. (Wikipedia - the free encyclopedia, 2010)