Jersey Standard officially changes its name to Exxon Corporation. Mobil introduces a synthetic automotive engine lubricant — Mobil 1. Mobil participates in completion of Beryl A, the world's first concrete production platform. The story-high structure was the prototype for other concrete deepwater facilities operating in the North Sea. Exxon opens its own facility for environmental health research at East Millstone, New Jersey.
Exxon Biomedical Sciences, Inc. Exxon celebrates years since the formation of the Standard Oil Trust in In its first years, the company evolved from a domestic refiner and distributor of kerosene to a large multinational corporation, involved at every level of oil and gas exploration, production, refining and marketing, and petrochemicals manufacturing.
Exxon Research and Engineering invents a powerful new imaging technique called 3-D microtomography to study the internal structure of opaque objects without damaging them. The Valdez oil spill was a tragic accident that ExxonMobil deeply regrets. The company took immediate responsibility for the spill, cleaned it up and voluntarily compensated those who claimed direct damages. Learn more about the Exxon Valdez. Exxon introduces Exxpol, a single-site metallocene catalyst used to produce consistent, controllable molecular structures that make plastic and rubber products tougher and impact-resistant, with less haze and with excellent organoleptics low off-taste and odor.
Mobil introduces Speedpass , an electronic system which automatically activates the pump and charges purchases to a credit card. Speedpass is similar to the electronic toll technology successfully used on subway, bus and highway systems around the world. ExxonMobil, joined by other sponsors, initiates the Global Climate and Energy Project GCEP at Stanford University — a pioneering research effort to identify technologies that can meet energy demand with dramatically lower greenhouse gas emissions.
The academy is designed to provide third- through fifth-grade teachers with the knowledge and skills necessary to motivate kids to pursue careers in science and math.
ExxonMobil and Qatar Petroleum, with other joint-venture partners, expand development of the giant North Field offshore Qatar, the largest nonassociated gas field in the world. Exxon Neftegas Limited a subsidiary of Exxon Mobil Corporation completes the drilling of the Z well, the longest measured depth extended-reach drilling ERD well in the world. Located on Sakhalin Island offshore eastern Russia, the record-setting Z achieved a total measured depth of 37, feet [11, meters], or more than seven miles.
Socony-Vacuum had Asian marketing outlets supplied remotely from California. In , Jersey Standard and Socony-Vacuum merged their interests in the region into a joint venture. Standard-Vacuum Oil Co. Mobil Chemical Company was established in As of , its principal products included basic olefins and aromatics , ethylene glycol and polyethylene. The company produced synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts.
Exxon Chemical Company first named Enjay Chemicals became a worldwide organization in and in was a major producer and marketer of olefins, aromatics, polyethylene and polypropylene along with specialty lines such as elastomers , plasticizers , solvents , process fluids, oxo alcohols and adhesive resins.
The company was an industry leader in metallocene catalyst technology to make unique polymers with improved performance. A decade later, the newly incorporated Mobil Corporation absorbed Mobil Oil as a wholly owned subsidiary. Jersey Standard changed its name to Exxon Corporation in and established Exxon as a trademark throughout the United States.
In other parts of the world, Exxon and its affiliated companies continued to use its Esso trademark. The Exxon Valdez oil spill was the second largest in U. Congress passed the Oil Pollution Act of After shareholder and regulatory approvals, the merger was completed on November 30, The merger of Exxon and Mobil was unique in American history because it reunited the two largest companies of John D.
As a result of the merger, it became largest merger in US corporate history. ExxonMobil continues to supply petroleum products to over Mobil-branded retail outlets in California.
In , ExxonMobil's stock price surged in parallel with rising oil prices, surpassing General Electric as the largest corporation in the world in terms of market capitalization. The company and the American Petroleum Institute, the oil and chemical industry's lobbying apparatus, tried to downplay its success in order to avoid consumer criticism by putting up page-long ads in major American newspapers, such as The New York Times , The Washington Post , comparing oil industry profits to those of other large industries such as pharmaceuticals and banking.
Investigative reporting by Forbes Magazine raised questions about ExxonMobil's dealings with the leaders of oil-rich nations. On April 2, , former-Mobil executive J. Bryan Williams was indicted on tax charges relating to this same transaction.
The case is the largest under the Foreign Corrupt Practices Act. ExxonMobil is the target of human rights activists for actions taken by the corporation in the Indonesian territory of Aceh. Over the next few decades, both companies grew significantly. Jersey Standard, led by Walter C. Teagle, became the largest oil producer in the world. Socony purchased a 45 percent interest inMagnolia Petroleum Co.
In , Socony merged with Vacuum Oil Co. In the Asia-Pacific region, Jersey Standard had oil production and refineries in Indonesia but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In , Jersey Standard and Socony-Vacuum merged their interests in the region into a 50—50 joint venture. Standard-Vacuum Oil Co.
Mobil Chemical Co. As of , its principal products included basic olefins and aromatics, ethylene glycol andpolyethylene. The company produced synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts. Exxon Chemical Co. The company was an industry leader in metallocene catalysttechnology to make unique polymers with improved performance. A decade later, the newly incorporated Mobil Corp.
Innovation takes flight. For more than a century, we have been a leading innovator in aviation technologies. ExxonMobil donated aviation fuel for the first commercial flight of the Airbus A in , as part of a global fundraiser. Famous firsts. Throughout our history, we have been pioneers in products and technology that impact the way the world uses energy.
In , Mobil invented a process for converting methanol into high-octane gasoline. Today, all North American gasoline contains octane and gasoline grades are based on octane ratings Motor oil In , Jersey Standard introduced Uniflo motor oil, the first multigrade motor oil for both summer and winter use. Detergents help to reduce buildup of harmful deposits inside fuel injectors.
Today, all Exxon and Mobil gasoline grades contain detergent additives. In fact, our gasolines contain significantly more than the minimum quantities required by the Environmental Protection Agency EPA Pay at the pump In , Mobil became the first gas retailer in the U. Developed with 7 key ingredients to help improve fuel economy, Synergy gasolines represent years of engineering in making.
Energy to take you further Learn more about ExxonMobil, including milestones in our history and our ongoing commitment to environmental performance and supporting local communities. Learn more.
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