Last $98.49 USD
Change Today -0.97 / -0.98%
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exxon mobil corp (XOM) Details

Exxon Mobil Corporation explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. In addition, the company has interests in electric power generation facilities. It operates in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

75,000 Employees
Last Reported Date: 02/26/14
Founded in 1870

exxon mobil corp (XOM) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $6.4M
Principal Financial Officer and Senior Vice P...
Total Annual Compensation: $2.9M
President of Exxonmobil Chemical Company
Total Annual Compensation: $2.6M
Senior Vice President
Total Annual Compensation: $3.3M
Senior Vice President
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2013.

exxon mobil corp (XOM) Key Developments

Federal Judge Grants Class-Action Status to Lawsuit Filed against Exxon Mobil as a Result of Pipeline Accident

A federal judge granted class-action status to a lawsuit filed against Exxon Mobil as a result of a pipeline accident that spilled tens of thousands of gallons of heavy crude into a Mayflower neighborhood last year. Judge Brian Miller, ruling in U.S. District Court in Little Rock, said Arnez and Charletha Harper can legally represent people who currently own property that is subject to an easement for the oil giant's Pegasus pipeline and that is physically crossed by the pipeline running from Corsicana, Texas, to Patoka, III. The lawsuit seeks either cancellation of the easements and removal of the pipeline from their property or a requirement that Exxon replace the pipeline. In the ruling, Miller noted that neither the Webbs nor the Harpers property suffered damage because of the March 29, 2013, pipeline rupture that Exxon Mobil has said sent an estimated 210,000 gallons of thick crude into the Northwoods subdivision, drainage ditches and a cove of Lake Conway. The cleanup continues. The company shut down the entire 850-mile-long pipeline after the accident. A 211-mile section in Texas only recently resumed operation. Exxon Mobil had argued against class-action status. The judge found that common issues shared by class members, according to the plaintiffs, were whether Exxon Mobil failed to operate and maintain the pipeline properly and whether such failure constituted breach of the easement contracts. The class will not include people who owned property subject to a Pegasus easement on the day of the spill but have since sold it. Nor will it include people such as the Webbs who have property subject to a Pegasus easement but not touched by the pipeline. The federal Pipeline Hazardous Materials Safety Administration has proposed that Exxon Mobil pay a total of $2,659,200 in fines for nine ‘probable’ violations of safety regulations as a result of the government's investigation after the Mayflower accident. Exxon Mobil has appealed. No decision has been announced yet.

Exxon Mobil Corporation Announces Election of David Rosenthal as Vice President and Controller and Jeffrey Woodbury as Vice President of Investor Relations and Secretary Effective Sept. 1, 2014

Exxon Mobil Corporation's board of directors has elected David S. Rosenthal as vice president and controller and Jeffrey J. Woodbury as vice president of investor relations and secretary, effective Sept. 1. Rosenthal, 58, is currently vice president of investor relations and secretary. He began his career with Exxon in 1979 as a financial analyst at Exxon Chemical Americas in Houston, Texas. After holding a variety of financial and management positions of increasing responsibility in Exxon Chemical Americas and Exxon Company U.S.A., Rosenthal was appointed finance and administration manager of Exxon's copper mining subsidiary in Santiago, Chile in 1994. He became financial reporting manager for Exxon Corporation in 1997 and the following year was made finance and administration manager for Exxon Exploration Company.

Exxon Mobil Corporation Announces Retirement of Patrick T. Mulva as Vice President and Controller, Effective Sept. 1, 2014

Patrick T. Mulva, vice president and controller of Exxon Mobil Corporation announced his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva joined Exxon Company U.S.A. in 1976 as a financial analyst at the company's refinery in Baton Rouge, Louisiana, and went on to hold a variety of financial positions of increasing responsibility in the upstream and downstream operations.


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Total SA €49.87 EUR -0.67
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