Exxon Mobil-New Jersey Environmental Contamination Settlement
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Exxon Mobil-New Jersey Environmental Contamination Settlement
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard grew ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Power Generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power. There are also exotic and speculative methods to recover energy, such as proposed fusion reactor designs which aim to directly extract energy from intense magnetic fields genera ...
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List Of Oil Exploration And Production Companies
The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing. See also * List of largest oil and gas companies by revenue * List of oilfield service companies This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and petroleum production, production industry but do not typically produce petroleum. In the list, notable subsidiary companies an ... References {{DEFAULTSORT:Oil Exploration And Production Companies, List Of Lists of energy companies , Oil exploration ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Speedpass
Speedpass was a keychain radio-frequency identification (RFID) device introduced in 1997 by Mobil (which later merged with Exxon to become ExxonMobil in 1999) for electronic payment. It was originally developed by Verifone. By 2004, more than seven million people possessed Speedpass tags, which could be used at approximately 10,000 Exxon, Mobil and Esso gas stations worldwide. Speedpass was one of the first widely deployed consumer RFID payment systems of its kind, debuting nationwide in 1997 far ahead of VISA and MasterCard RFID trials. History The ExxonMobil Speedpass was based on the Texas Instruments TIRIS RFID platform. It was originally designed by Verifone in two configurations; one intended for installation inside the fuel dispensing "pump", and a convenience store model known as the Verifone RF250 (which was a redesign of the Ingenico iSC250 reader for smart cards). The ExxonMobil Speedpass used a cryptographically-enabled tag with a Digital Signature Transpond ...
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On The Run (convenience Store)
On the Run is a flagship convenience store brand developed by ExxonMobil, used at Exxon and Mobil stations in the United States, BP and Mobil in Australia and at Esso and Mobil stations internationally. Alimentation Couche-Tard acquired the On the Run trademark and franchise network in the U.S. in 2009, and Parkland Fuel did the same in Canada in 2016; ExxonMobil retains full ownership of the brand in the rest of the world. On the Run stores are described as larger and having more products than older-model convenience stores, featuring "fresh snacks, fill-in groceries, health & beauty supplies, plus quick meal options". The name "On the Run" is used, untranslated, around the world. Locations in the Canadian province of Quebec utilize similar branding as "Marché Express"; Imperial Oil faced criticism in 2007 when it planned to rebrand the locations as On the Run (beginning with a new location at a Mount Royal Esso station), but threats of boycotts by the Saint-Jean-Baptiste ...
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Esso
Esso () is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, 'S' and 'O'),Don't ignore history
by Robert Sobel on Barro's, 7 Dec 1998
to which the other Standard Oil companies would later object. Standard Oil of New Jersey started marketing its products under the Esso brand in 1926. In 1972, the name Esso was largely replaced in the U.S. by the Exxon brand after the Standard Oil of New Jersey bought , while the Esso name remained widely used elsewhere. In most of the wo ...
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Coolanol
Coolanol is a trade name for a series of silicate ester industrial coolants. It is manufactured by Exxon Mobil Corporation. The product meets many MIL-SPEC A United States defense standard, often called a military standard, "MIL-STD", "MIL-SPEC", or (informally) "MilSpecs", is used to help achieve standardization objectives by the U.S. Department of Defense. Standardization is beneficial in achievin ... requirements, but is also available on the commercial civilian market. External links Official website {{Product-stub Coolants Silicate esters ExxonMobil brands Product management ...
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XTO Energy
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources. The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling. ExxonMobil's acquisition of XTO made it the largest producer of natural gas in the U.S. Since then, XTO Energy's resource portfolio has tripled through several acquisitions. The company owns interests in approximately 40,000 active oil and natural gas sites across North America, with locations in Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, Wyoming and Western Canada. History Early history XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company. The company ...
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SeaRiver Maritime
SeaRiver Maritime is a privately held subsidiary wholly owned by ExxonMobil. The company was formed in the early 1990s by Exxon when it spun off its maritime operations into the new company following the Exxon Valdez oil spill in 1989. In 1994, SeaRiver applied for a federal subsidy to operate tankers in the Persian Gulf. The petition stated they needed the money to stay competitive, because the ''S/R Mediterranean'' (the new name for the Exxon Valdez vessel) was unable to operate in Prince William Sound following the passage of the Oil Pollution Act of 1990 The Oil Pollution Act of 1990 (OPA) (101 H.R.1465, P.L. 101-380) was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by enforcing removal of spilled ..., which prohibits the tanker from operating in that area. In 1996, SeaRiver sought to put the ''S/R Mediterranean'' back into Prince William Sound by arguing that the Oil Pol ...
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Imperial Oil
Imperial Oil Limited (French: ''Compagnie Pétrolière Impériale Ltée'') is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. It is majority owned by American oil company ExxonMobil with around 69.6 percent ownership stake in the company. It is a significant producer of crude oil, diluted bitumen and natural gas, Canada's major petroleum refiner, a key petrochemical producer and a national marketer with coast-to-coast supply and retail networks. It supplies Esso-brand service stations. It is also known for its holdings in the Alberta Oil Sands. Imperial owns 25 percent of Syncrude, which is one of the world's largest oil sands operations. Imperial is also in a joint venture oil sands mining operation with ExxonMobil, called Kearl Oil Sands. Imperial Oil is headquartered in Calgary, Alberta. It was based in Toronto, Ontario, until 2005. Most of Imperial's production is from its vast natural resource holdings in the Alberta oil sands and ...
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ExxonMobil Nigeria
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering . ExxonMobil also has deepwater production in Nigeria. Esso Exploration and Production Nigeria Limited (EEPNL) operates interests in the Erha, Usan, and Bonga developments. ExxonMobil partners with the Nigerian National Petroleum Corporation (now NNPC Limited). The company operates in Akwa Ibom State Akwa Ibom State is a state in the South-South geopolitical zone of Nigeria, bordered on the east by Cross River State, on the west by Rivers State and Abia State, and on the south by the Atlantic Ocean. The state takes its name from the Qua Iboe ..., Nigeria. ExxonMobil was working toward an agreement to sell all of its shallow water assets (MPN) to Seplat in August, 2022 for $1.3 billion to $1.6 billion, pending regulatory hurdles. References ...
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