ExxonMobil

The largest direct successor of John D. Rockefeller's Standard Oil is the American global oil and gas company ExxonMobil Corporation. Vertically integrated across the whole oil and gas sector, the firm, which adopted its current name in 1999 as a result of Exxon and Mobil's merger, also includes a chemicals section that makes plastic, synthetic rubber, and other chemical products. Although ExxonMobil was formally incorporated in New Jersey, its headquarters are located in the Houston neighborhood of Spring.

ExxonMobil's history may be traced back to 1866 and the founding of the Vacuum Oil Company, which Standard Oil later purchased. The Standard Oil firm of New Jersey, sometimes known as Jersey Standard or just Standard Oil, was the corporate body that, prior to its division, held complete control over Standard Oil and gave rise to the firm now known as ExxonMobil. The Standard Oil Company of New York (Socony), another descendant of Standard Oil, and Jersey Standard grew together and in close partnership as they both expanded through mergers with various third parties, including Humble Oil (which merged with Jersey Standard) and Vacuum Oil (which merged with Socony).

In the 1960s and early 1970s, both businesses underwent rebranding, and by the time of the 1999 merger, Jersey Standard was known as Exxon and Socony as Mobil. According to the terms of their merger deal, Exxon would acquire Mobil, change its name to ExxonMobil, and promote Mobil's CEO to vice chairman of the organization.

Founded: August 5, 1882
Headquarters: Spring, Texas, U.S.
Website: https://corporate.exxonmobil.com/