Awesome Companies & Great Careers: Exxon Mobil

The Exxon Mobil Corporation , shortly ExxonMobil is an American oil company formed by the merger of 1999 Exxon (Standard Oil of New Jersey) and Mobil Oil has arisen (Standard Oil Company of New York). ExxonMobil is considered a direct successor to the Standard Oil Company .

With sales of $ 255.2 billion and a profit of $ 10.8 billion, Exxon Mobil ranks 8th among the world’s largest companies according to the Fortune Global 500 (as of 2019). [2] A 2019 study found that ExxonMobil was the world’s fourth-highest-emissions company during that period, emitting 41.90 billion metric tons of CO 2 equivalent since 1965. [3]

Exxon and Mobil were part of a single company, the Standard Oil Company , owned by John D. Rockefeller in 1882 .

In 1911, the United States Supreme Court ordered the liquidation of Standard Oil. As a result, the Standard Oil Company of New York ( Socony ), which later became Mobil Oil via Socony-Vacuum Oil , and Standard Oil of New Jersey, abbreviated SO (pronounced EssO), later Exxon , emerged as new companies . Both continued to grow legally independent of one another in the decades that followed.

On November 30, 1999, the two now large corporations were able to reunite due to changed legal provisions.

The history of ExxonMobil in Germany began in Bremen in 1890 with the establishment of the German-American Petroleum Society (DAPG, later Deutsche Esso GmbH, merged into ExxonMobil GmbH ), which was to operate Standard Oil’s petroleum business in Germany. [4]

In 1899, Mobil in Germany was founded in Hamburg as the Deutsche Vacuum Oil Company ( Mobil Oil AG in Germany from 1955 ). [5] The company handled the import and sale of lubricating oils and greases that came from the USA in wooden barrels by ship to Hamburg. [6]

On February 3, 1923, the word ESSO – the phonetic spelling of the abbreviation SO for Standard Oil – was registered as a brand name. In the same year on April 14th, DAPG opened its first street filling station with an underground tank in Hamburg’s Wagnerstrasse, where petrol was sold under the brand name Dapolin . In 1925 there were already 1,000 such filling stations in Germany. [7]

With the conversion to the war economy in September 1939, the DAPG worked within the central state control by the Mineral Oil Distribution Working Group (AMV). Gas stations were subordinated to the Central Bureau of mineral oil as a distribution syndicate of AMV and gave motor gasoline only markenlos against tank card or ration card from.

After the end of the Second World War , only a small number of filling stations were operational, the fleet of ships melted down to a single ship and the number of tank cars decimated by 2/3. The production facilities, which were often the target of heavy air strikes by the Allies, were badly damaged. [8th]

In 1950 the German-American Petroleum Company (DAPG) changed its name to ESSO AG . 1953 begins German Vacuum Oil Company with the gas exploration and extraction in Germany and in 1955 to Mobil Oil AG [9]

In 1965 , the tiger appeared as an advertising figure with the slogan Pack the tiger in the tank at all Esso stations in Europe that sell Esso Extra fuel . [10]

From 1970 to 1996 the company operated a refinery in Wörth am Rhein .

In 1985 Esso Tankschiff Reederei GmbH (ETR, originally Waried Tankschiff Rhederei) sold Esso Deutschland, their last ocean-going tanker. All inland vessels were sold by the end of 1993 and the shipping company was dissolved on January 1, 1994. [11]

In 1999 the two American companies Exxon Corporation and Mobil Corporation merged to form Exxon Mobil Corporation . [12] Your Esso and Mobil subsidiaries in Germany were merged in 2000 under the umbrella of the newly founded ExxonMobil Central Europe Holding GmbH, based in Hamburg. Since 2002, the production activities have been combined in ExxonMobil Production Deutschland GmbH.

In 2010 the Austrian petrol station network was sold to the Italian ENI / Agip . In 2012 SOCAR Energy Switzerland took over Esso Schweiz GmbH from ExxonMobil. In 2014 Esso had 1051 gas stations in Germany. [14]

On November 29, 2017, ExxonMobil announced that it would sell its German petrol station network to the British EG Group by the end of 2018. Exxon will continue to supply fuel to the gas stations under the new ownership. [15]

Source: https://de.wikipedia.org/wiki/ExxonMobil

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