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110-460: Today, Humble's assets are owned and operated by ExxonMobil , which formed from the merger of Exxon and Mobil (Standard Oil of New York) in 1999. The Humble Oil Company was chartered by Walter Fondren Sr. , and brothers Ross Sterling and Frank Sterling , in February 1911. They were joined by their sister, Florence M. Sterling , who became assistant, and later full, secretary and treasurer of

220-543: A "lower carbon future", and claims to be the world leader in carbon capture and storage (CCS). The company additionally plans that its Scope 1 and Scope 2 emissions will be carbon neutral by 2050. ExxonMobil additionally acquired biofuel company Biojet AS in 2022, and its Canadian subsidiary Imperial Oil is moving ahead with plans to produce a renewable diesel biofuel. In July 2023, Exxon agreed to acquire Denbury Resources for $ 4.9 billion to further its low-carbon efforts. In July 2024, ExxonMobil and CF Industries signed

330-481: A 17-hour marathon public meeting, voted 3–2 to back the plan, with Church in favor of it because his district overwhelmingly backed the plan. But Church and others added many tough restrictions to the project a few weeks later at a 12-hour meeting that set the conditions for the permit. "It is not just the Humble Oil refinery we are fighting at Moss Landing," said Carmel Highlands photographer Ansel Adams prior to

440-539: A 1983 video for their song, Cruel Summer , members of girl group Bananarama are depicted as working as mechanics at a Texaco gas station. From 1965 to 1993, Texaco participated in a consortium to develop the Lago Agrio oil field in Ecuador. The company was accused of extensive environmental damage from these operations, and faces legal claims from both private plaintiffs and from the government of Ecuador. The case

550-529: A 20-plus-year relationship with the sport to a close. Texaco was also involved in open wheel racing , sponsoring the Texaco Grand Prix of Houston along with sponsoring drivers like Indianapolis 500 winner Mario Andretti and his son Michael . In Formula One , Texaco sponsored the Team Lotus in 1972 and 1973, and McLaren from 1974 to 1978. The company returned to Grand Prix racing at

660-656: A CCS agreement that will allow ExxonMobil to transport and permanently store 500,000 tonnes of CO2 per year starting in 2028. Exxon is working on low-carbon energy projects, focusing on basic research in five to ten key areas. This work spends a fraction of the $ 1 billion a year Exxon spends on research worldwide and the $ 8 billion it has spent since 2000 researching, developing and deploying low-carbon technologies Projects include: algae biofuels, biodiesel from agricultural waste, molten carbonate fuel cells , and new ways to manufacture plastic that produce less carbon dioxide. In November 2023 ExxonMobil started drilling for lithium in

770-736: A Spring post office address, and is adjacent to, but not in, the Spring census-designated place . Paul Takahashi of the Houston Chronicle described the headquarters as being in Spring. The headquarters was previously in Irving . The company decided to consolidate its Houston operations into one new campus located in northern Harris County and vacate its offices on 800 Bell St. which it had occupied since 1963. The decision came in 2022. The new operation complex includes twenty office buildings totaling 3,000,000 square feet (280,000 m ),

880-475: A US$ 10.53-billion verdict against Texaco, the largest civil verdict in US history up to that date. The court case sprang from Texaco having established a signed contract to buy Getty Oil after Pennzoil entered into an unsigned—yet binding—buyout contract with Gordon Getty . In 1987, Texaco filed for bankruptcy. It was the largest in U.S. history until 2001. In January 1989, Texaco and Saudi Aramco agreed to form

990-547: A campaign to promote the use of natural gas as a clean energy source and bridge fuel to renewable energy, and of intimidating journalists reporting about the companies' climate actions and of obstructing the committee's investigation, which ExxonMobil, Shell, and the American Petroleum Institute denied. In the United States, as of 2024, dozens of states and localities have sued ExxonMobil on

1100-546: A century by Exxon and other Standard Oil predecessors, a 2011 oil spill which leaked 1,500 barrels of oil into the Yellowstone River (resulting in about $ 135 million in damages), and a 2012 1,900 barrel (80,000 gallon) spill from the company's Baton Rouge Refinery in the rivers of Point Coupee Parish, Louisiana . ExxonMobil's actives in Louisiana in particular, especially its Baton Rouge Refinery , have given

1210-462: A combination of lower-emission fuels, hydrogen, and carbon capture and storage. Low Carbon Solutions conducts research on clean energy technologies, including algae biofuels , biodiesel made from agricultural waste, carbonate fuel cells , and refining crude oil into plastic by using a membrane and osmosis instead of heat. The company speculated in April 2023 that pending good economic conditions,

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1320-464: A company car. During the war, Texaco ranked 93rd among United States corporations in the value of military production contracts. In 1947, Caltex expanded to include Texaco's European marketing operations. That same year, Texaco merged its British operation with Trinidad Leaseholds under the name Regent; it gained full control of Regent in 1956, but the Regent brand remained in use until 1968–9. In 1954,

1430-488: A former mechanic, Paul Gill, who claimed that his cancer was caused by exposure to benzene in ExxonMobil's petroleum products while working at a Mobil gas station between 1975 and 1980. According to Fortune Global 500 , ExxonMobil was the second largest company, second largest publicly held corporation , and the largest oil company in the United States by 2017 revenue. For the fiscal year 2020, ExxonMobil reported

1540-426: A joint venture known as Star Enterprise in which Saudi Aramco would own a 50% share of Texaco's refining and marketing operations in the eastern U.S. and Gulf Coast. In 1989, Texaco introduced System3 gasolines in all three grades of fuel, featuring the latest detergent additive technology to improve performance by reducing deposits that clog fuel injection systems. The Toronto-based Texaco Canada Incorporated subsidiary

1650-463: A joint venture with Standard Oil Company of California – Socal (now Chevron ) – under the brand name Caltex , in exchange for Socal placing its Bahrain refinery and Arabian oilfields into the venture. The next year, Texaco commissioned industrial designer Walter Dorwin Teague to develop a modern service station design. In 1938, Texaco introduced Sky Chief gasoline, a premium fuel developed from

1760-567: A lawsuit in San Francisco County Superior Court against ExxonMobil on behalf of the state of California , alleging that the company carried out a "decades-long campaign of deception" and misled the public on the merits of plastic recycling; in response ExxonMobil said that California has an ineffective recycling system that officials have known about for decades. ExxonMobil has also been accused of human rights violations and abusing its geopolitical influence. In

1870-522: A loss of US$ 22.4 billion, with an annual revenue of US$ 181.5 billion, a decline of 31.5% over the previous fiscal cycle. The key trends of ExxonMobil are (as at the financial year ending December 31): As per Fortune 500 Global list, ExxonMobil has been ranked #7 company in the World. ExxonMobil's headquarters are located in the Spring, Texas area, a suburb of Houston. The ExxonMobil campus has

1980-637: A member of the board of directors in 2016. As of July 28, 2021 , the current ExxonMobil board members are: Texaco Texaco, Inc. ("The Texa s Co mpany") is an American oil brand owned and operated by Chevron Corporation . Its flagship product is its fuel "Texaco with Techron ". It also owned the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron in 2001, at which time most of its station franchises were divested to Shell plc through its American division . Texaco began as

2090-427: A minor savings on the cost to produce a barrel of crude oil (approximately $ 3/barrel). Texaco allegedly dumped toxic wastewater directly into rivers, dumped waste into unlined pits, and created pits that were fitted with overflow pipes to nearby waterways, with pits also never being emptied after the drilling operations were concluded. In total, it is estimated that over 18 billion gallons of toxic waste were released into

2200-489: A part of the imposed conditions on the approval for Humble Oil, Church asked that three air-pollution stations be set up in Monterey County to monitor air quality for two-years prior to Humble starting to build. Church said that the county needed to do so in order to "obtain 'guidelines' to determine what pollutants an oil refinery may contribute." Church's intentions were that Humble be required to pay for and maintain

2310-458: A single company. On Oct. 1 2024, Nigeria approved the $ 1.28 billion sale of Exxon Mobil's onshore assets to Seplat Energy, more than two years after the deal was first agreed upon in February 2022 ExxonMobil markets products around the world under the brands of Exxon , Mobil, and Esso. Mobil is ExxonMobil's primary retail gasoline brand in California, Florida , New York , New England ,

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2420-573: A smaller scale in 1997, with their brands appearing on the Stewart SF01 car. Their association with the team and its successor, Jaguar Racing , continued until the end of 2001, in the same timeline they also sponsored ITV's Formula 1 Coverage. Texaco sponsored the Tom Walkinshaw Racing Rover Vitesse factory team at the 1985 and 1986 European Touring Car Championship (ETCC) under their Bastos brand, and

2530-784: A station in Matawan, New Jersey . Two years later, Texaco replaced the long-running banjo sign with a new hexagon logo that had previously been test-marketed with the "Matawan" station design introduced two years earlier. The new logo featured a red outline with TEXACO in black bold lettering and a small banjo logo with a red star and green T at bottom. The following year, the Regent name was replaced by Texaco at British petrol stations. In 1970, in response to increasingly-stringent federal vehicle emissions standards that would induce automakers to install catalytic converters requiring equipped vehicles to run on unleaded gasoline, Texaco introduced their first regular-octane no-lead gasoline at stations in

2640-1061: A suspension of all activities at Moss Landing, publicly stating that a prime reason for abandoning the site was the difficulty of achieving a permit for a larger refinery. Public outcry and a legal challenge plus engineering problems also discouraged Humble Oil, and they eventually pulled out of Monterey County and decided to build a bigger refinery up north in more-welcoming Benicia . Ross S. Sterling , 1922–1925 Robert L. Blaffer, 1937–1941 Harry C. Wiess, 1948 Leonidas T. Barrow, 1948–1955 J. A. Neath, 1955–1957 Morgan J. Davis, 1961–1963 Carl E. Reistle Jr, 1963–1966 Myron A. Wright, 1966–1973 Ross S. Sterling, 1917–1922 William S. Farish II , 1922–1933 Robert L. Blaffer, 1933–1937 Harry C. Wiess, 1937–1948 Hines H. Baker Sr, 1948–1957 Morgan J. Davis, 1957–1961 Carl E. Reistle Jr, 1961–1963 J. Kenneth Jamieson , 1963–1964 Charles F. Jones, 1964–1970 Thomas D. Barrow, 1970–1973 ExxonMobil ExxonMobil Corporation ( / ˌ ɛ k s ɒ n ˈ m oʊ b əl / EK -son- MOH -bəl )

2750-418: A wellness center, laboratory, and three parking garages. It is designed to house nearly 10,000 employees. The current chairman of the board and CEO of ExxonMobil Corp. is Darren W. Woods. Woods was elected chairman of the board and CEO effective January 1, 2017, after the retirement of former chairman and CEO Rex Tillerson . Before his election as chairman and CEO, Woods was elected president of ExxonMobil and

2860-502: Is a petrochemical company that was created by merging Exxon's and Mobil's chemical industries in 1999. Its principal products include basic olefins and aromatics , ethylene glycol , polyethylene , and polypropylene along with speciality lines such as elastomers , plasticizers , solvents , process fluids, oxo alcohols and adhesive resins . The company also produces synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts . ExxonMobil

2970-652: Is a well-known retail brand in the UK, with around 980 Texaco-branded service stations. Texaco was founded in Beaumont, Texas as the "Texas Fuel Company" in 1902, by Jim Hogg , Joseph S. Cullinan , John Warne Gates , and Arnold Schlaet . On 1 May 1902, the Texas Company was formed from the assets of Texas Fuel assets, and additional capitalization . In 1905, it established an operation in Antwerp , Belgium , under

3080-467: Is an American multinational oil and gas corporation headquartered in Spring, Texas , a suburb of Houston . Founded as the largest direct successor of John D. Rockefeller 's Standard Oil , the modern company was formed in 1999 following the merger of Exxon and Mobil . It 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. As

3190-528: Is associated with the Havoline brand of motor oil and other automotive products. It was one of the sponsors of NASCAR with many drivers, such as Davey Allison , Ernie Irvan , Dale Jarrett , Kenny Irwin Jr. , Ricky Rudd , Jamie McMurray , Casey Mears , and Juan Pablo Montoya . Havoline continuously sponsored a car from the early 1980s to 2008. At the end of the 2008 season, Texaco/Havoline ended their sponsorship with NASCAR and Chip Ganassi Racing . This brought

3300-564: Is currently in partnerships with Oracle Red Bull Racing in Formula One and Kalitta Motorsports. ExxonMobil operates 21 refineries worldwide, and the company claims 80% of its refining capacity is integrated with chemical or lube basestocks. ExxonMobil's largest refinery overall is its Beaumont Refinery and its second largest in the United States is its Baytown Refinery , located in Baytown, Texas . Its second largest refinery overall

3410-520: Is its Jurong Island facility in Singapore . ExxonMobil's global average refining capacity was 4.6 million barrels per day, with the United States producing a plurality of the company's refining capacity at about 1.77 million barrels per day. ExxonMobil's corporate website claims it refines almost 5 million barrels per day. ExxonMobil was one of few U.S. refiners to expand capacity by a significant margin following an industry downturn suffered during

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3520-434: Is the largest producer of butyl rubber. Infineum, a joint venture with Shell plc, is manufacturing and marketing crankcase lubricant additives, fuel additives , and specialty lubricant additives, as well as automatic transmission fluids , gear oils , and industrial oils. Mobil 1 , a brand of synthetic motor oil, is a major sponsor of multiple racing teams and as the official motor oil of NASCAR since 2003. ExxonMobil

3630-640: The Alfa Romeo 75 in 1987, then the Ford Sierra RS500 from 1988 to 1992 and then Toyota Corollas in 1993. From 2000 until 2007 , it was title sponsor of Stone Brothers Racing with Russell Ingall winning the 2005 championship . In 2016 , Caltex became title sponsor of the Triple Eight Race Engineering car of Craig Lowndes , having previously been an associate sponsor of the team. From 1984 to 1998, Texaco were

3740-547: The COVID-19 pandemic. The company completed a 250,000 barrels per day expansion at its Beaumont , Texas, refinery in early 2023. Officially formed with ExxonMobil's 2022 corporate restructuring, and currently led by former General Motors president Dan Ammann , Low Carbon Solutions is the company's alternative energy division. The division says it will lower emissions in hard-to-decarbonize sectors such as heavy industry, commercial transportation, and power generation using

3850-594: The Ford Sierra RS500 factory cars entered by Eggenberger Motorsport in the 1987 World Touring Car Championship (plus the 1988 ETCC and other European-based championships). Texaco also sponsored cars in the 1987 World Rally Championship . From 1987 to 1993, Texaco was the major sponsor (through its Australian Caltex offshoot) Colin Bond Racing in Australian touring car racing , first with

3960-1151: The Kearl Oil Sands Project . In Argentina, ExxonMobil holds 0.9 million acres (3,600 km ) and 4.9 million acres (20,000 km ) in Germany. In the Netherlands ExxonMobil owns 1.5 million acres (6,100 km ), in Norway it owns 0.4 million acres (1,600 km ) offshore, and the United Kingdom 0.6 million acres (2,400 km ) offshore. In Africa, upstream operations are concentrated in Angola, where it owns 0.4 million acres (1,600 km ) offshore, Chad where it owns 46,000 acres (19,000 ha), Equatorial Guinea, where it owns 0.1 million acres (400 km ) offshore, and Nigeria, where it owns 0.8 million acres (3,200 km ) offshore. In addition, ExxonMobil plans to start exploration activities off

4070-666: The Texaco Fire Chief . In 1936, the Texas Corporation purchased the Barco oil concession in Colombia , and formed a joint venture with Socony-Vacuum, now Mobil , to develop it. Over the next three years the company engaged in a highly challenging project to drill wells and build a pipeline to the coast across mountains and then through uncharted swamps and jungles. During this time, Texaco also illegally supplied

4180-522: The single-use plastic waste in the world in 2019 (which were part of a larger group of 100 petrochemical companies that manufactured 90 percent of the waste), while in April 2022, California Attorney General Rob Bonta issued a subpoena to ExxonMobil for information related to the company's role in overstating the effectiveness of plastic recycling in reducing plastic pollution as part of an industry campaign to promote plastic usage. On September 23, 2024, California Attorney General Rob Bonta filed

4290-691: The "Texas Fuel Company", founded in 1902 in Beaumont, Texas , by Joseph S. Cullinan , Thomas J. Donoghue, and Arnold Schlaet upon the discovery of oil at Spindletop . The Texas Fuel Company was not set up to drill wells or to produce crude oil. To accomplish this, Cullinan organized the Producers Oil Company in 1902, as a group of investors affiliated with The Texas Fuel Company. Men such as John W. ("Bet A Million") Gates invested in "certificates of interest" to an amount of almost ninety thousand dollars. Future restructuring would merge Producers Oil Company and The Texas Fuel Company as Texaco when

4400-473: The 1930s and became the dominant oil company on the world stage. The company's lack of ownership over the Standard Oil name across the United States, however, prompted a name change to unify all of its brands under one name, choosing to name itself Exxon in 1972 over continuing to use three distinct brands of Esso , Enco , and Humble. In 1998, the two companies agreed to merge and form ExxonMobil, with

4510-480: The 1930s, comedian Ed Wynn hosted a half hour stand-up comedy/variety show on the NBC Radio Network, billed as "The Texaco Fire Chief", a reference to its regular grade gasoline. This trend continued into the late 1940s, when Wynn was replaced by Milton Berle as television becoming the dominant medium. The title was changed to the 60-minute Texaco Star Theater , which was also broadcast on NBC. In

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4620-881: The Amazon Rainforest. In addition to the liquid pollution, it is alleged that workers burned off toxic natural gasses and some liquid waste, thus releasing highly toxic dioxins into the atmosphere. The NiMH chemistry used in modern hybrid vehicles was invented by ECD Ovonics founder, Stan Ovshinsky, and Dr. Masahiko Oshitani of the Yuasa Company In 1994, General Motors acquired a controlling interest in Ovonics 's battery development and manufacturing. On October 10, 2001, Texaco purchased GM's share in GM Ovonics, and Chevron completed its acquisition of Texaco six days later. In 2003, Texaco Ovonics Battery Systems

4730-749: The Arctic Circle. As of 2020, ExxonMobil has been responsible for more than 3,000 oil spills and leakages which resulted in a loss of more than one barrel of oil, with the most in a single year being 484 spills in 2011. Additionally, since 1965, ExxonMobil has released more than 40 billion tons of carbon dioxide pollution . In 2023, Science journal published a paper reporting that the global warming projections and models created by ExxonMobil's own scientists between 1977 and 2003 had "accurately" projected and "skillfully" modeled global warming due to fossil fuel burning, and had reasonably estimated how much CO 2 would lead to dangerous warming. The authors of

4840-642: The Enco brand and purchased a large number of stations from Signal Oil Company in 1967, followed by the opening of a new refinery in Benicia, California , in 1969. In 1966, the Justice Department ordered Humble to "cease and desist" from using the Esso brand at stations in several Southeastern states following protests from Standard Oil of Kentucky (a Standard Oil of California subsidiary by that time and in

4950-679: The Enco brand was discontinued in Ohio, it was rolled out in other non-Esso states, including service stations in the Midwestern U.S. operated by Jersey affiliate Pate Oil and in the Pacific Northwest by affiliate Carter Oil. The Humble brand was used at Texas stations for decades as those operations were under the direction of Jersey Standard affiliate, Humble Oil, and in the mid-to-late 1950s, Humble expanded to other Southwestern states including New Mexico , Arizona , and Oklahoma . In

5060-718: The Great Lakes , and the Midwest . Exxon is the primary brand in the rest of the United States, with the highest concentration of retail outlets located in New Jersey, Pennsylvania, Texas (shared with Mobil), and in the Mid-Atlantic and Southeastern states. ExxonMobil has stations in 46 states, just behind Shell USA and ahead of Phillips 66 , lacking a presence only in Alaska , Hawaii , Iowa , and Kansas . Outside of

5170-457: The Humble name in all Esso/Enco ads and the uniformity in design and products of Humble stations nationwide, the company still had difficulties promoting itself as a nationwide gasoline marketer competing against truly national brands such as Texaco — then a 50-state marketer and the only company selling products under one brand name in each state. Humble officials realized that, by the late 1960s,

5280-671: The Longford Gas Conditioning Plant, and participates in the development of Gorgon LNG project. In Papua New Guinea, it holds 1.1 million acres (4,500 km ), including the PNG Gas project. After Russia's 2022 invasion began, though, ExxonMobil announced it was fully pulling out of both Russia and Sakhalin-I, and launched a lawsuit against Russia's federal government on August 30. ExxonMobil formed its Product Solutions division in 2022, combining its previously separate Downstream and Chemical divisions into

5390-609: The Los Angeles area and throughout Southern California . Lead-Free Texaco became available nationwide in 1974. On November 20, 1980, the Lake Peigneur/Jefferson Island disaster occurred. Two years later, a new service station design was introduced. Several product names were also changed with the advent of self-service, including Lead-free Texaco to Texaco Unleaded, Fire Chief to Texaco Regular, and Super Lead-free Sky Chief to Texaco Super Unleaded. At

5500-458: The Midwest and also gave Texaco the rights to Indian's Havoline motor oil, which became a Texaco product. The next year, Texaco introduced Fire Chief gasoline nationwide, a so-called "super-octane" motor fuel touted as meeting or exceeding government standards for gasoline for fire engines and other emergency vehicles. It was promoted through a radio program over NBC hosted by Ed Wynn , called

5610-772: The Texaco brand. In 2010, Chevron ended retail operations in the Mid-Atlantic US, removing its brand from 450 stations in Delaware, Indiana, Kentucky, North Carolina, New Jersey, Maryland, Ohio, Pennsylvania, Virginia, West Virginia, Washington, D.C. Prior to the merger with Chevron, Texaco's headquarters was a 750,000-square-foot (70,000 m ) building in Harrison , in Westchester County, New York , near to White Plains . In 2002, Chevron Corporation sold

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5720-659: The US State of Arkansas . In June 2024, a preliminary agreement to supply lithium to SK for the manufacture of lithium-ion batteries that will power electric vehicles was signed. ExxonMobil's environmental record has faced much criticism for its stance and impact on global warming. In 2018, the Political Economy Research Institute ranks ExxonMobil tenth among American corporations emitting airborne pollutants , thirteenth by emitting greenhouse gases . A 2017 report places ExxonMobil as

5830-692: The United Arab Emirates. ExxonMobil exited the West Qurna 1 oilfield in January 2024, officially ending all energy sector operations in Iraq. The share is now owned by PetroChina and Pertamina . In March 2024, ExxonMobil discovered oil at the Stabroek block off the coast of Guyana using a drillship. By the end of 2027, it plans to have 6 FPSOs at the block. Oil was discovered off

5940-472: The United States, Esso and Mobil are primarily used, with Esso operating in 14 countries and Mobil operating in 29 countries and regions. In Japan, ExxonMobil had a 22% stake in TonenGeneral Sekiyu K.K., a refining company that merged into Eneos in 2017. ExxonMobil's primary retail brands worldwide are Exxon, Esso , Mobil , with the former being used exclusively in the United States and

6050-639: The United States, ExxonMobil's petroleum exploration and production activities are concentrated in the Permian Basin , Bakken Formation , Woodford Shale , Caney Shale , and the Gulf of Mexico . In addition, ExxonMobil has several gas developments in the regions of Marcellus Shale , Utica Shale , Haynesville Shale , Barnett Shale , and Fayetteville Shale . All natural gas activities are conducted by its subsidiary, XTO Energy. As of December 31, 2014, ExxonMobil owned 14.6 million acres (59,000 km ) in

6160-467: The United States, of which 1.7 million acres (6,900 km ) were offshore, 1.5 million acres (6,100 km ) of which were in the Gulf of Mexico. In California, it has a joint venture called Aera Energy LLC with Shell Oil . In Canada, the company holds 5.4 million acres (22,000 km ), including 1 million acres (4,000 km ) offshore and 0.7 million acres (2,800 km ) of

6270-756: The West Coast. In 1963, Humble was approached by Tidewater Oil Company , a major gasoline marketer along the eastern and western seaboards, to purchase Tidewater's refining and marketing operations on the west coast, a move that would have given Humble a large number of existing stations and a refinery in California , which was then the fastest-growing gasoline market. However, the U.S. Justice Department objected to Humble's plan and Tidewater's west coast operations were sold to Phillips Petroleum in 1966. Meanwhile, Humble gradually built up new and rebranded service stations in California and other western states under

6380-597: The area the nickname of Cancer Alley . The company's activities, along with other operations and refineries in the area, have been the source of increased cancer infections, lower air quality, and as seen by some, potential environmental racism committed by the company. In May 2021, ExxonMobil topped the Plastic Waste Makers Index report published by the Minderoo Foundation of 20 petrochemical companies that manufactured 55 percent of

6490-424: The base of its climate change denial. ExxonMobil's operations have been subject to numerous oil spills both before and after the 1999 merger. The most widely publicized oil spill was the 1989 Valdez oil spill , where an Exxon tanker discharged approximately 11 million U.S. gallons (42,000 m3) of oil into Prince William Sound , oiling 1,300 miles (2,100 km) of the remote Alaskan coastline. The spill remains

6600-421: The biggest selling gasoline brand in the U.S. and only marketer selling gasoline under one brand name in all (by then) 50 states. It also acquired McColl-Frontenac Oil Company Ltd. of Canada and changes its name to Texaco Canada Limited. Around this time, Paragon Oil , a major fuel oil distribution company in the northeastern U.S., was acquired. In 1964, Texaco introduced the "Matawan" service station design at

6710-658: The board of Standard Oil Company of New Jersey (later Exxon Company ), which held substantial stock interest in Humble, and in 1937, he became president of Standard. Humble's restructuring allowed both companies to sell and market gasoline nationwide under the Esso , Enco and Humble brands. The Enco brand was introduced by Humble in the summer of 1960 at stations in Ohio , but was soon blackballed after Standard Oil of Ohio ( Sohio ) protested that Enco (Humble's acronym for "ENergy COmpany") sounded and looked too much like Esso as it shared

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6820-442: The book Private Empire by Steve Coll , ExxonMobil is described as extremely powerful "corporate state within the American state" in dealing with the countries in which it drills, going to the point as describing such countries' governments as "constrained". The company's corporate ancestors are also blamed for the outbreak of the 1954 Jebel Akhdar War , which was sparked by the Iraq Petroleum Company 's activities. Beginning in

6930-570: The case dismissed nine times, dragging the lawsuit out for over 20 years. In July 2022, a US District Court denied ExxonMobil's motions to dismiss the case, clearing the way for the lawsuit to go to trial, although no trial date was set. In 2023, ExxonMobile settled the case a week before trial. During a 2022 surge in profits among ExxonMobil and other large oil companies, partly due to the war in Ukraine , U.S. President Joe Biden criticized ExxonMobil. In June 2022, amid record oil prices, he said that "Exxon made more money than God this year". When

7040-944: The closure of the Cloud Club in 1979. Joseph S. Cullinan , 1901–1913 Elgood C. Lufkin, 1913–1920 Amos L. Beaty, 1920–1926 Ralph C. Holmes, 1926–1933 William S. Rodgers, 1933–1944 Harry T. Klein, 1944–1952 John S. Leach, 1952–1953 Augustus C. Long, 1953–1956 James W. Foley, 1956–1963 J. Howard Rambin Jr, 1964 Marion J. Epley, 1965–1970 Maurice F. Granville, 1970–1971 John K. McKinley, 1971–1983 Alfred C. DeCrane Jr, 1983–1986 James W. Kinnear, 1987–1993 Elgood C. Lufkin, 1920–1926 Amos L. Beaty, 1926–1927 Ralph C. Holmes, –1933 Charles B. Ames, 1933–1935 Torkild Rieber , 1935–1940 William S. Rodgers, 1944–1953 John S. Leach, 1953–1956 Augustus C. Long , 1956–1965 J. Howard Rambin Jr, 1965–1970 Marion J. Epley, 1970–1971 Maurice F. Granville, 1971–1980 John K. McKinley, 1980–1986 Alfred C. DeCrane Jr, 1987–1996 Peter I. Bijur, 1997–2001 Glenn F. Tilton , 2001 Texaco

7150-561: The coast of Angola in May 2024 in a well drilled from February to April in the Kizomba B development area. Until the 2022 Russian invasion of Ukraine , ExxonMobil held 85,000 acres (34,000 ha) in the Sakhalin-I project through its subsidiary Exxon Neftegas . Together with Rosneft , it has developed 63.6 million acres (257,000 km ) in Russia, including the East-Prinovozemelsky field . In Australia, ExxonMobil held 1.7 million acres (6,900 km ), including 1.6 million acres (6,500 km ) offshore. It also operates

7260-670: The coast of Liberia and the Ivory Coast. In the past, ExxonMobil had exploration activities in Madagascar, however these operations were ended due to unsatisfactory results. In Asia, it holds 9,000 acres (3,600 ha) in Azerbaijan, 1.7 million acres (6,900 km ) in Indonesia, of which 1.3 million acres (5,300 km ) are offshore, 0.7 million acres (2,800 km ) in Iraq, 0.3 million acres (1,200 km ) in Kazakhstan, 0.2 million acres (810 km ) in Malaysia, 65,000 acres (26,000 ha) in Qatar, 10,000 acres (4,000 ha) in Yemen, 21,000 acres (8,500 ha) in Thailand, and 81,000 acres (33,000 ha) in

7370-416: The committee's investigation into the fossil fuel industry disinformation campaign to obscure the role of fossil fuels in causing global warming. Upon reviewing internal company documents, they accused ExxonMobil along with BP , Chevron , and Shell of greenwashing their Paris Agreement carbon neutrality pledges while continuing long-term investment in fossil fuel production and sales, for engaging in

7480-454: The company accountable for various climate-related incidents. ExxonMobil has used its own website to attack Exxon Knew , claiming that it is a coordinated effort to defame the company. In December 2022, U.S. House Oversight and Reform Committee Chair Carolyn Maloney and U.S. House Oversight Environment Subcommittee Chair Ro Khanna sent a memorandum to all House Oversight and Reform Committee members summarizing additional findings from

7590-425: The company added the detergent additive Petrox to its "Sky Chief" gasoline, which was also souped up with higher octane to meet the antiknock needs of new cars with high-compression engines. The next year, Texaco became the sole sponsor of The Huntley-Brinkley Report on NBC-TV. In 1959, the Texas Company changed its corporate name to Texaco, Inc. to better reflect the value of the Texaco brand name, which represented

7700-484: The company also has several standalone divisions, such as Coal & Minerals. It also owns hundreds of smaller subsidiaries such as XTO Energy and SeaRiver Maritime . ExxonMobil also has a majority ownership stake in Imperial Oil . The upstream division makes up the majority of ExxonMobil's revenue, accounting for approximately 70% of it. In 2021, ExxonMobil had about 30 billion barrels of oil and oil equivalents, as well as 38.1 billion cubic feet of natural gas . In

7810-404: The company formed the joint venture Equilon with Shell Oil Company , combining their Western and Midwestern U.S. refining and marketing. This gave rise to the 2006 U.S. Supreme Court antitrust case of Texaco Inc. v. Dagher , which cleared both Texaco and Shell of any antitrust liability concerning the pricing of Equilon's gasoline. That same year, another joint venture, Motiva Enterprises ,

7920-487: The company needed additional funding, which J.W. Gates provided in the amount of approximately $ 590,000 in return for company stock. Texaco was one of the Seven Sisters which dominated the global petroleum industry from the mid-1940s to the 1970s. Its current logo features a white star in a red circle (a reference to the lone star of Texas), leading to the long-running advertising jingles "You can trust your car to

8030-423: The company. The three siblings were often referred to as the "Trio." On June 21, 1917, the company was re-organized as Humble Oil and Refining Company and incorporated with a capitalization of $ 1 million. William Stamps Farish II (1881–1942), was the primary organizer. Farish served as vice president for five years and, in 1922, he became the president of Humble Oil and Refining Co. In 1933, he became chairman of

8140-408: The deal closing on November 30, 1999. The two companies cited lower oil prices and a better ability to compete with other state-owned oil companies outside of the United States like Pemex and Aramco . With the deal, the two companies practically merged, with the new company's name containing both of the trade names of its immediate predecessors. However, the structure of the merger provided that Exxon

8250-448: The decision. "It is the whole industrial complex which will inevitability follow and change the whole complexion of this Monterey County." The Humble project was approved, but the planning commission (which had previously rejected the project by a 5–4 vote) had imposed 36 conditions many that had never been imposed on an industry before. Church added three more which included for parking, sulfur recovery and carbon monoxide emissions. As

8360-460: The effect of its own company on global warming . In 1965 Humble had intended to kickstart a massive 60-square-mile development plan for the Moss Landing area that would have significantly impacted the area's natural beauty and altered its economic development. The company wanted to build a 50,000-barrel-a-day refinery with plans to expand to 150,000-200,000 barrels-a-day on a 444-acre site on

8470-904: The end of 1981 and the beginning of 1982, members of the Medellín Cartel (including Pablo Escobar ), the Colombian military, the U.S.-based corporation Texas Petroleum , the Colombian legislature, small industrialists, and wealthy cattle ranchers came together in a series of meetings in Puerto Boyacá , and formed a paramilitary organization known as Muerte a Secuestradores ("Death to Kidnappers", MAS) to defend their economic interests, and to provide protection for local elites from kidnappings and extortion. By 1983, Colombian internal affairs had registered 240 political killings by MAS death squads, mostly community leaders, elected officials, and farmers. On November 19, 1985, Pennzoil won

8580-578: The fascist Nationalist faction in the Spanish Civil War with a total 3,500,000 barrels (560,000 m ) of oil. For these illegal sales to Francisco Franco 's fascist forces the company was fined $ 20,000 for violating the Neutrality Act of 1937, although it continued to sell to Franco on credit until the end of the war. Also in 1936, marketing operations "East of Suez" (including Asia, East Africa, and Australasia) were placed into

8690-517: The fifth largest contributor to greenhouse gas emissions from 1988 to 2015. As of 2005 , ExxonMobil had committed less than 1% of their profits towards researching alternative energy, which, according to the advocacy organization Ceres , is less than other leading oil companies. According to the 2021 Arctic Environmental Responsibility Index (AERI), ExxonMobil is ranked as the sixth most environmentally responsible company among 120 oil, gas, and mining companies involved in resource extraction north of

8800-622: The former Texaco Headquarters to Morgan Stanley . Morgan Stanley bought the building and the surrounding 107 acres (0.43 km ) for $ 42 million. Texaco leased 14 floors of the Chrysler Building in Midtown Manhattan , New York City in the 1930s. As part of the leasing agreement with Texaco the building opened the Cloud Club , a lunch club for executives. Texaco's move to Westchester County in 1977 contributed to

8910-601: The ground up as a high-octane gasoline rather than just an ethylized regular product. In 1939, Texaco became one of the first oil companies to introduce a "Registered Rest Room" program to ensure that restroom facilities at all Texaco stations nationwide maintained a standard level of cleanliness to the motoring public. After the onset of World War II in 1939, Texaco's CEO, Torkild Rieber , admirer of Hitler, hired pro-Nazi assistants who cabled Berlin "coded information about ships leaving New York for Britain and what their cargoes were." This espionage easily enabled Hitler to destroy

9020-535: The largest U.S.-based oil and gas company, ExxonMobil is the seventh-largest by revenue in the U.S. and 13th-largest in the world . It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). The company has been widely criticized and sued, mostly for environmental incidents and its history of climate change denial against

9130-585: The late 1980s, ExxonMobil (through predecessor Mobil) hired military units of the Indonesian National Army to provide security for their gas extraction and liquefaction project in Aceh , Indonesia, and these military units were accused of committing human rights violations, including sexual assault, battery and unlawful detention. ExxonMobil eventually pulled out from Indonesia completely in 2001, while denying any wrongdoing. Exxon attempted to have

9240-435: The latter two being used in most other countries where ExxonMobil operates. Esso is the only one of its brands not used widely in the United States. Since 2008, Mobil is the only brand for the company lubricants. Since 2018, ExxonMobil has operated a loyalty program , ExxonMobil Rewards+, where customers earn rewards points when filling up at its stations in the United States and later the United Kingdom. ExxonMobil Chemical

9350-465: The low-carbon solutions business could eclipse the value of its oil and gas operations. As of 2023 , the company was in the process of designing its inaugural large-scale plant dedicated to producing low-carbon hydrogen, situated within its refining and petrochemical complex in Baytown, Texas . This project is set to become the world's largest low-carbon hydrogen project. ExxonMobil publicly announced it would be investing $ 15 billion in what it deemed

9460-588: The man who wears the star" and "Star of the American Road." The company was headquartered in Harrison, New York , near White Plains , prior to the merger with Chevron. Texaco gasoline comes with Techron, an additive developed by Chevron, as of 2005, replacing the previous CleanSystem3. The Texaco brand is strong in the U.S., Latin America, and West Africa. It has a presence in Europe as well; for example, it

9570-550: The name Continental Petroleum Company, which it acquired control of in 1913. In 1915, Texaco moved to new 13 story offices on 1111 Rusk St., Houston, Texas. In 1928, Texaco became the first U.S. oil company to sell its gasoline nationwide under one single brand name in all of the then 48 states. In 1931, Texaco purchased the Indian Oil Company , based in Illinois. This expanded Texaco's refining and marketing base in

9680-509: The name change of domestic refining/marketing division Humble Oil and Refining Co. to Exxon USA, and the mergers of Esso Chemicals and Enjay Chemicals into Exxon Chemicals. In 1957, scientists from Humble Oil published a study tracking “the enormous quantity of carbon dioxide” contributed to the atmosphere since the Industrial Revolution “from the combustion of fossil fuels.” Exxon was aware of these findings and later researched

9790-457: The need for a larger refinery than initially permitted. Church publicly declared that there was not a majority on the board of supervisors for a larger refinery. Although not identifying himself as the supervisor switching his position on Humble, it is widely accepted that it was Church who refused to back a larger refinery unless Humble could “prove” that a smaller one would comply with the county's restrictions. On May 18, 1966, Humble Oil announced

9900-540: The new brand HydroTexaco. This joint venture was sold in 2007 to Norwegian retail interests as YX Energi , following the purchase of Hydro by Statoil . In 1996, Texaco paid over $ 170 million to settle racial discrimination lawsuits filed by Black employees at the company. It was the largest racial-discrimination lawsuit settlement in the U.S. at the time, and was particularly damaging to Texaco's public relations when tapes were released of meetings with company executives planning to destroy incriminating evidence. In 1999,

10010-671: The next year. Around 2003, due to lack of demand, Texaco closed Refineria Panamá, a refinery in Colón, Panama . In July 2004, Chevron regained non-exclusive rights to the Texaco brand name in the U.S. The following year, in August, Texaco introduced the Techron additive into its fuels in the U.S. and parts of Latin America. In 2007, Delek Benelux took over marketing activities for Chevron in Benelux , including 869 filling stations, mostly under

10120-545: The oil giant reported its second quarter earnings in 2022, CNN reported that Exxon made US$ 2,245.62 per second in profit across the 92-day long second quarter. In May 2024, a Pennsylvania jury found ExxonMobil liable for negligently failing to warn about the health risks of benzene , which is classified by the US Environmental Protection Agency as a known carcinogen , and ordered the company to pay $ 725.5 million in compensatory damages to

10230-502: The paper concluded: "Yet, whereas academic and government scientists worked to communicate what they knew to the public, ExxonMobil worked to deny it." Between the 1980s and 2014, ExxonMobil was a notable denier of climate change, though the company officially changed its position in 2014 to acknowledge the existence of climate change. ExxonMobil's prolonged response incited the creation of the Exxon Knew movement, which aims to hold

10340-533: The process of rebranding the Kyso stations as Chevron). By 1967, stations in each of those states were rebranded as Enco. Despite the success of the "Put A Tiger In Your Tank" advertising campaign introduced by Humble in 1959, to promote its Enco/Esso Extra gasolines, the similar oval logotypes, the Happy Motoring! tagline used in advertisements that also appeared overhead of service bays at each station, use of

10450-455: The same oval logo with blue border and red letters with the two middle letters the only difference. At that point, the stations in Ohio were rebranded Humble (but the gasoline, motor oil, and lubricant products kept the name Enco) until the name change to Exxon in 1972. Humble Oil also had service/gas stations branded as "Carter" in Colorado. They were changed to ENCO in the early 60's. Though

10560-587: The scientific consensus that fossil fuels significantly contribute to global warming . The company is responsible for many oil spills, the largest and most notable of which was the 1989 Exxon Valdez oil spill in Alaska and itself considered to be one of the world's worst oil spills in terms of environmental damage. The company has been the target of accusations of human rights violations, excessive influence on American foreign policy , and its impact on developing countries. ExxonMobil traces its roots to Vacuum Oil Company , founded in 1866. Vacuum Oil later

10670-462: The second largest in American history, only trailing BP's Deepwater Horizon spill in the Gulf of Mexico . ExxonMobil was also responsible for various other oil spills across the world. Some of Exxon's largest and most notable oil spills in the United States include long-lasting oil leaks totaling into an estimated 30 million gallon spill into New York City's Newtown Creek over the course of

10780-465: The ships. In 1940, Rieber was forced to resign when his connections with German Nazism , and his illegal supply of oil to the fascist forces during the Spanish Civil War were made public by the Herald Tribune through information produced by British Security Coordination . Life Magazine portrayed Rieber's resignation as unfair, advocating that he only dined with Westrick , and lent him

10890-434: The sponsorship lyrics of the opening theme: "We're the men of Texaco, We work from Maine to Mexico..."). Berle's program was broadcast in the same time slot as Fulton J. Sheen 's religious program for a while, thus leading to Berle's oft-quoted quip, "We both have the same boss – Sky Chief!" Texaco was also the sponsor of the weekly Metropolitan Opera radio broadcasts , which air to this day since its inception in 1931. In

11000-580: The spring of 1961, Humble stations in Oklahoma, New Mexico, and Arizona were rebranded as Enco, and the Enco brand appeared on gasoline and lubricant products at Humble stations in Texas that same year, although service stations in the Lone Star State were not changed to Enco until 1962. During that time, Humble also expanded the Enco brand to new marketing areas it entered for the first time, including

11110-409: The stations. The Salinas Californian stated, “It is conceivable in the future that other areas debating the admittance of an oil refinery will look at Monterey County as an example of strict regulations. The conditions are that unique.” One of the most restrictive conditions forbade Humble Oil from expanding significantly without getting a new permit. By the spring of 1966, Humble Oil was expressing

11220-764: The summer and fall of 1972, following the successful test marketing of the Exxon brand and logo in late 1971 and early 1972 at rebranded Enco/Esso stations in certain U.S. cities. The name change, one of the most expensive in the history of the U.S. oil industry, not only involved advertisements and identifying street signs at service stations, but also gasoline pumps, product packaging, tankers, transport and delivery trucks, hundreds of smaller signs at more than 25,000 service stations, and millions of credit cards sent to account holders to replace their previous Esso/Enco cards. The corporate name change from Standard Oil of New Jersey to Exxon Corporation took effect January 1, 1973, along with

11330-591: The time had come to swallow its pride by developing a new brand name that could be used nationwide throughout the U.S. At first, consideration was given to simply rebranding all stations as "Enco", but that was shelved when it was learned that "Enco" means "stalled car" in Japanese . To create a unified brand, the company rebranded all its U.S. service stations, along with its gasoline and other petroleum products, from Esso and Enco (Humble in Ohio) to Exxon nationwide during

11440-893: The title sponsors of the main One Day International cricket tournament in England, the Texaco Trophy . It also sponsored the Texaco Cup , a football tournament for clubs of the British Isles. Texaco was long associated with the Metropolitan Opera as sole sponsor of its radio broadcasts for 63 years. It was identified as well with such entertainment legends as Ed Wynn , Fred Allen and Milton Berle (many of their shows were originally sponsored by Texaco – see Texaco Star Theatre , which includes

11550-470: The wetlands near Moss Landing at the Elkhorn Slough . Monterey County was deeply divided on the plan with tourism proponents, some agricultural interests and a nascent environmental movement opposing the refinery. However, public opinion surveys showed greater than 2 to 1 support for the Humble Oil refinery with Warren Church supervisorial district in favor with 82%. The board of supervisors, after

11660-510: Was acquired by Standard Oil in 1879, divested from Standard in 1911 with its breakup , and merged by the Standard Oil Company of New York (Socony), later known as Mobil , in 1931. After the 1911 breakup, Standard Oil continued to exist through its New Jersey subsidiary, sometimes shortened to Jersey Standard, and retained the Standard Oil name in much of the eastern United States. Jersey Standard grew by acquiring Humble Oil in

11770-710: Was formed with Shell Oil Company and Saudi Aramco in which the Star Enterprise operations were merged with the Eastern and Gulf Coast U.S. refining and marketing operations of Shell. In October 2000, Chevron Corporation agreed to buy Texaco for $ 36 billion. The merger was completed October 9, 2001. As required by the FTC consent agreement, Texaco's interest in the Equilon and Motiva joint ventures were sold to Shell. Shell began re-branding its Texaco stations as Shell

11880-867: Was sold to Imperial Oil with all Texaco Canada retail operations converted to Esso brand. Two years later, the company was awarded the National Medal of Arts . In 1993, several dozen tribal leaders and residents from the Ecuadoran Amazon filed a billion-dollar class-action lawsuit against Texaco, as a result of massive ecological pollution of the area and rivers around Texaco's Ecuadorian offshore drilling sites, causing toxic contamination of approximately 30,000 residents. In 1994, Texaco's System3 gasolines were replaced by new CleanSystem3 gasoline, marketed with claims of improved engine performance. In 1995, Texaco merged their Danish and Norwegian downstream operations with those of Norsk Hydro under

11990-495: Was the surviving company and bought Mobil, rather than a new company being created. Following the merger, Exxon's NYSE ticker symbol was changed from "XON" to "XOM". ExxonMobil is the largest non-government-owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy. ExxonMobil is vertically integrated into a number of global operating divisions. These divisions are grouped into three categories for reference purposes, though

12100-417: Was widely publicized by environmental activists and was the subject of Crude , a 2009 documentary film by Joe Berlinger. In turn, Texaco's owner Chevron claims that it was being unfairly targeted as a deep pocket defendant, when the actual responsibility lies with the government and its national oil company , Petroecuador . Texaco allegedly decided to forgo their standard drilling practices in favor for

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