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Exxon Mobil Corporation (stylized as Exxon Mobil) is an American multinational oil and gas corporation headquartered in Irving, Texas. Rockefeller's Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).The world's 10th largest company by revenue, Exxon Mobil from 1996 to 2017, varied from the first to sixth largest publicly traded company by market capitalization.Rockefeller and partners in 1870 as the Standard Oil Company of Ohio.In 1882, it together with its affiliated companies was incorporated as the Standard Oil Trust with Standard Oil Company of New Jersey and Standard Oil Company of New York as its largest companies.The interest in hydrogenation evaporated after discovery of the East Texas Oil Field.As a part of the cooperation between Jersey Standard and IG Farben, a joint company, Standard I. Company, was established with Jersey Standard having a stake of 80%.In 1959, Magnolia Petroleum Company, General Petroleum Corporation, and Mobil Producing Company were merged to form the Mobil Oil Company, a wholly owned subsidiary of Socony Mobil.
It had oil production and refineries but no marketing network.
Socony-Vacuum had Asian marketing outlets supplied remotely from California.
In 1933, Jersey Standard and Socony-Vacuum merged their interests in the Asia-Pacific region into a 50–50 joint venture.
The company has also been the target of accusations of improperly dealing with human rights issues, influence on American foreign policy, and its impact on the future of nations.
Both Exxon and Mobil were descendants of Standard Oil, established by John D.
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IG Farben transferred rights to the hydrogenation process outside of Germany to the joint venture in exchange of $35 million stake of Jersey Standard shares.