Bob R. Simpson is an American businessman. He is the co-founder of

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 ...

and co-chairman of the Texas Rangers

Major League Baseball Major League Baseball (MLB) is a professional baseball organization and the oldest major professional sports league in the world. MLB is composed of 30 total teams, divided equally between the National League (NL) and the American League (A ...

(MLB) team.

Career

In 1985, Simpson founded Cross Timbers Oil Company and has served as Chairman of the Board since July 1, 1996. In 2001, the name of the company was changed to

. In 2009 XTO Energy was ranked 325th on the Forbes Global 2000. In December 2009,

ExxonMobil 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 3 ...

announced a proposal to acquire XTO Energy for $41 billion. The merger was completed in June 2010.

Baseball owner

In August 2010, Simpson and another Texas oil magnate, Ray Davis, served as co-lead investors in the $593 million winning bid to take the Texas Rangers baseball team out of bankruptcy. Simpson and Davis became co-chairmen of the Rangers, but initially remained in the background, leaving the Rangers in the hands of managing partner and CEO Chuck Greenberg and President

Nolan Ryan Lynn Nolan Ryan Jr. (born January 31, 1947), nicknamed "the Ryan Express", is an American former professional baseball pitcher and sports executive. Over a record 27-year playing career in Major League Baseball (MLB) spanning four decades, Ryan ...

. They served mainly as senior consultants, an arrangement continued after Greenberg resigned in 2011, making Ryan the undisputed day-to-day head of the franchise. In October 2010, the Texas Rangers played in the

World Series The World Series is the annual championship series of Major League Baseball (MLB) in the United States and Canada, contested since 1903 between the champion teams of the American League (AL) and the National League (NL). The winner of the Worl ...

for the first time in franchise history, but lost the series to the

San Francisco Giants The San Francisco Giants are an American professional baseball team based in San Francisco, California. The Giants compete in Major League Baseball (MLB) as a member club of the National League (NL) West division. Founded in 1883 as the New Yo ...

. In October 2011, the team again reached the

, but lost again, this time to the St. Louis Cardinals. Ryan left the ownership group in 2013. However, Davis and Simpson have mostly left the Rangers in the hands of general manager Jon Daniels and have rarely interfered. As before, they serve mostly as senior consultants.

Education

Simpson received a BS in accounting and an MBA from

Baylor University Baylor University is a private Baptist Christian research university in Waco, Texas. Baylor was chartered in 1845 by the last Congress of the Republic of Texas. Baylor is the oldest continuously operating university in Texas and one of th ...

. He was awarded the Distinguished Alumni Award in 2010.

RayLynn Records

In 2012, Simpson, along with his wife Janice, started a record label for emerging musicians named RayLynn Records. ''Hear Me'', the debut album from up and coming rock musician Kyle Sherman, was the first recording produced by the company.

Numismatics

Simpson is an avid coin collector, and has amassed a collection of rarities. In 2020, part of his collection was auctioned off, including an

1894-S dime The 1894-S Barber dime is a dime produced in the United States Barber coinage. It is one of the rarest and most highly prized United States coins for collectors, along with the 1804 dollar and the 1913 Liberty Head nickel. One was sold in 2005 ...

(one of nine known to exist).

References

{{DEFAULTSORT:Simpson, Bob R. Year of birth missing (living people) Living people Baylor University alumni Texas Rangers owners