On This Day

Exxon announces a $73.7 billion USD deal to buy Mobil, creating ExxonMobil, the world's largest company

Exxon Mobil Corporation ( EK-son MOH-bəl) 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.

Exxon Mobil Corporation ( EK-son MOH-bəl) 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 company was formed in 1999, with the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the eighth-largest company by revenue in the U.S. and 13th-largest in the world. It is also the largest investor-owned oil company in the world.

Historical Significance

Exxon Mobil Corporation ( EK-son MOH-bəl) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston.

Events Before

  1. The Republic of Zaire officially joins the World Trade Organization as Zaire

    The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo, or less often Zaire, is a country in Central Africa.

  2. "Smothers Brothers" actor-singer Dick Smothers (58) weds third wife Denby Franklin (47) in Las Vegas, Nevada; divorce in

    "Smothers Brothers" actor-singer Dick Smothers (58) weds third wife Denby Franklin (47) in Las Vegas, Nevada; divorce in 2006

  3. "Wall Street" actor Charlie Sheen (31) divorces model Donna Peele after nearly 5 months of marriage

    "Wall Street" actor Charlie Sheen (31) divorces model Donna Peele after nearly 5 months of marriage

  4. "Buffy the Vampire Slayer," created by Joss Whedon and starring Sarah Michelle Gellar, premieres on the WB Television Ne

    "Buffy the Vampire Slayer," created by Joss Whedon and starring Sarah Michelle Gellar, premieres on the WB Television Network

  5. American rapper Vanilla Ice (29) weds Laura Giarritta

    American rapper Vanilla Ice (29) weds Laura Giarritta

Events After

  1. Euro currency is introduced to world financial markets

    The European Currency Unit (French: Unité de compte européenne, Spanish: Unidad Monetaria Europea, German: Europäische Währungseinheit ; ⟨₠⟩, ECU, or XEU) was a unit of account used by the European...

  2. President Bill Clinton's impeachment trial begins in the US Senate after the House voted to impeach him for lying about

    President Bill Clinton's impeachment trial begins in the US Senate after the House voted to impeach him for lying about his affair with Monica Lewinsky

  3. "The Sopranos", starring James Gandolfini as mobster Tony Soprano, debuts on HBO

    The Sopranos is an American crime drama television series created by David Chase. The series follows Tony Soprano (James Gandolfini), a New Jersey Mafia boss who suffers from panic attacks.

  4. American actress Angelina Jolie (23) divorces actor Jonny Lee Miller (26) after 3 years of marriage

    Angelina Jolie is an American actress, filmmaker, and humanitarian. She is the recipient of numerous accolades, including an Academy Award, a Tony Award and three Golden Globe Awards.

  5. US President Bill Clinton is acquitted by the Senate in his impeachment trial

    The impeachment trial of Bill Clinton, the 42nd president of the United States, began in the U.S. Senate on January 7, 1999, and concluded with his acquittal on February 12.

More from the 1990s

Frequently Asked Questions

What happened on December 1, 1998?
Exxon Mobil Corporation ( EK-son MOH-bəl) 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 company was formed in 1999, with the merger of Exxon and Mobil.
Why is Exxon announces a $73.7 billion USD deal to buy Mobil, creating ExxonMobil, t... significant?
Exxon Mobil Corporation ( EK-son MOH-bəl) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston.

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