One of the most popular public gas and oil corporations in the United States, ExxonMobil was established by the merger of two outstanding firms the Exxon and Mobil in 1999. The oil reserves of the firm were 72 billion barrels in 2007. The daily production of the company is approximately 3.921 million barrels of oil equivalent in 2008. The headquarters of the firm can be found at Irving in Texas. The upstream division of the firm is based at Houston in Texas while the downstream division is based at Fairfax in Virginia. The chemical division is based at Houston in Texas. To know how big ExxonMobil is, let us look at the number of people working for the company.
The Size of ExxonMobil
How big is ExxonMobil? As of March 2009, the total number of employees working for the firm is estimated to be 79,900. In 2008, the estimated revenue posted by the company is $477.35 billion while the operating income is $84.07 billion. The net income of the firm is $45.22 billion and the total asset is $228.052 billion.
The size of the company can also be determined in terms of its operating divisions. The firm has 15 operating divisions. These include the Global Real Estate and Facilities division, the Business Support Centers, the SeaRiver Maritime, the ExxonMobil Refining and Supply Company as well as the ExxonMobil Power Marketing Company.
Additional Information and Other Important Details
The merger of the firms cost $73.7 billion. The merger of the companies is popular in the United States because it reunited two firms, namely the Standard Oil Company of New Jersey as well as the Standard Oil Company of New York. Seven years after the merger of the companies, the price of the stocks of ExxonMobil surged. In 2005, the annual profit posted by the firm amounted to $36 billion, which is 42 per cent higher than the profit posted by the company in the past year.
To enhance the financial state of the company, it merged with other companies like Shell Oil and Royal Dutch. The joint venture of the firm with Shell Oil is named Aera Energy LLC while the venture with Royal Dutch is known as Infineum.
The highest revenue posted by the company from 2002 to 2006 happened in 2006. At this year, the total revenue of the firm was estimated to be $377,635 million. The net income for the year was $39,500 million and the total debt is the lowest for the period amounting to $6,645 million.