Monday, February 5, 2024

ExxonMobil

 ExxonMobil is one of largest trade companies with being a energy provider and chemical manufacturer. The company globalizes over 60 countries. John D. Rockefeller started the company in 1870, known as Standard Oil Company in Ohio. It was then divided into 33 separate companies by the Supreme Court in 1911. The company represented mascots through the years like the Gargoyle, Pegasus, and Tiger. In the late 1950s, they offered free road maps as part of a campaign, known as the Happy Motoring Campaign. It was used for car racing in the 1910s. ExxonMobil's oil has been used since the era of flight. The Wright Brothers used Mobiloil for their very first flight. It helped Amelia Earhart make her historic flights across the Atlantic Ocean. It then served the first ever trans Atlantic flight from New York to London in 1958. In 1976, they invented the process of converting methanol to high octane gasoline. Because of this, gasoline today contains octane and gasoline grades. The company went through changes of names, starting with Standard Oil as mentioned before from 1870 to 1911. In the 1910s, the states of New York and New Jersey created their own separate oil company until the Oil Embargo of 1973. Exxon and Mobil were their own separate companies before the merger. The Oil Embargo occurred, they both made an expansion towards the Gulf of Mexico, Asia, and Africa. In 1998, Exxon and Mobil signed a merger that was worth over 73 billion dollars. 

1 comment:

Tyler Scheirer said...

I think choosing ExxonMobil was a good decision. Oil companies are the backbone of the world economy and always will be. Many companies today would only have a few items if it were not for the oil companies. Take my company for example, Bayerische Motoren Werke AG, without oil there would be no fuel for the vehicles, no plastics for the interior, nor polyester for the seats. Looking at its effects on globalization as mentioned earlier they provide the fuel for planes, trains, and boats which all in turn help products, culture, and people move throughout the world. Besides just producing oil products ExxonMobil is also a leader in scientific research in lowering carbon emissions in their production as well as finding more sustainable ways to extract oil worldwide.