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TNCs Exxon mobile
The Exxon Mobil Corporation headquarters is located in Irving, Texas and it markets products around
the world under the brands of Exxon, Mobil, and Esso. Markets in which the TNC is involved. It also
owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership) in Canada
and SeaRiver Maritime, petroleum shipping company and this is a representative of vertical
Brief history of the growth of the TNCs
In 1998, Exxon and Mobil signed a US$73.7 billion definitive agreement to merge and form a new
company called Exxon Mobil Corporation, the largest company on the planet.
In 1999, Exxon Mobil Corporation was formed by the merger of two major oil companies: Exxon and
Mobil this is an example of economies of scale.
In 2010, ExxonMobil bought XTO Energy, the company focused on development and production of
Employment and financial data
In 2007, ExxonMobil had a record net income of 40.61 billion on $404.552 of revenue an increase
due to escalating oil prices as their actual oil equivalent production decreased by 1%, in part due to
expropriation of their Venezuelan assets by the Chavez government.
The company employs over 82,000 people worldwide.
Global network: locations of production, sales and research and development overseas:
ExxonMobil is the largest nongovernment owned company in the energy industry and produces about 3% of
the world's oil and about 2% of the world's energy
Other pages in this set
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In 2011, ExxonMobil confirmed a deal for production and exploration activities in the Kurdistan region of Iraq.
Issues: you should use the internet to identify any environmental and social criticisms of your chosen TNC:
Environmental: In March 24th, 1989 Exxon Valdex oil spill resulted in the discharge of approximately 11
million US gallons of oil into the Prince William Sound, oiling 1,300 miles of the remote Alaskan coastline.
The Valdez spill is 36th worst oil spill in history it terms of the volume spilt.…read more