Oil & gas
The world's largest integrated oil company. Global operations include oil and gas exploration, production, supply, transportation, and marketing worldwide.
|Exxon Mobil Corporation||USA||website|
|Exxon Mobil Corporation|
This company ranked 4th on the list of 100 oil & gas companies in the 2016 Carbon Underground 200, a ranking of fossil fuel companies being targeted for divestment. Companies are ranked by the potential carbon emissions content of their proven reserves. The reserves of these companies total almost five times more than can be burned for the world to have an 80% chance of limiting global temperature rise to 2°C.
[Source 2016][More on Climate Change]
A litany of environmental breaches and appeals against fines is listed. Recent breaches include contamination of ground water in New York with $104m damages awarded (2009); pipeline rupture in Montana sending crude oil into the Yellowstone River (2011) with slow response making much worse, fine of $1.17m proposed for failing to properly address seasonal flooding risk (2013); over past 5 years, Baytown operation has paid more than $190,000 in Clean Air Act penalties; Exxon Chemical continues to fight efforts to put stricter controls on plasticisers containing phthalates which have been linked to reproductive and developmental hazards.
[Source 2013][More on Habitats]
This company is listed as having worst practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
[Source 2014][More on Workers Rights]
As You Sow's 2016 report, Mining the Disclosures, is a deep analysis of 230 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was below 40% (Weak).
[Source 2016][More on Human Rights]
As You Sow's 2016 report, 'Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations', benchmarks 28 companies engaged in hydraulic fracturing ('fracking') against investor needs for disclosure of operational impacts and mitigation efforts. This company only succeeded in disclosing information on 6 of the 43 indicators related to management of toxic chemicals, water and waste, air emissions, methane leakage and community impacts.
[Source 2016][More on Governance]
In 2015 Exxon reached a settlement with New Jersey officials in a long-running legal battle over contamination caused by the company's facilities in the northern part of the state. The settlement amount, $225 million, was far less than the estimated $8.9 billion in damages the state had been seeking, prompting allegations that the administration of Gov. Chris Christie had let Exxon off too easily.
[Source 2015][More on Habitats]
As You Sow's 2017 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Rex W. Tillerson came in at number 17 on the list, having been paid US$27,297,458 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2017][More on Finance]
Named one of Multinational Monitor's '10 Worst Corporations' in 2007. [noted as information due to age of report]
[Source 2007][More on Climate Change]
On 24 March 1989 Exxon's supertanker Valdez ran aground off the coast of Alaska at Prince William Sound spilling more than 11 million gallons of oil into the pristine water. Twenty five years on Exxon Mobil claims a complete recovery but government scientists have a different view. The Exxon Valdez Oil Spill Trustee Council, a federal-state group set up to oversee restoration of the area affected considers that some species have recovered, some are still struggling to recover, but herring (a vital species for the ecosystem), killer whales and pigeon guillemots are not recovered; there is a continued presence of relatively fresh oil; compensation payments for those who made their living in the affected area were too little and too late; legal issues remain unresolved; and the courts are dismayed that so few of the projects set up for the recovery have been completed.
[Source 2014][More on Habitats]
This company appeared fourth on RepRisk's top ten "most environmentally and socially controversial companies of 2010". Companies on the list were severely criticised during 2010 by the world's media, governments and NGOs. Criticisms of Exxon include controversial operations in Nigeria and Kazakhstan, pollution in Guam and Saipan, and human rights abuses in Indonesia and Chad. [Listed under Information due to age of report]
[Source 2010][More on Human Rights]
This company is listed on the Federal Contractor Misconduct Database as having 59 instances of misconduct since 1995 amounting to almost US$2,383 million in penalties. Instances include underpayment of royalties, price fixing, safety violations, contamination, and pollution.
[Source 2013][More on Governance]
According to Greenpeace's exxonsecrets.org website, ExxonMobil has spent over US$23 million since 1998 funding climate change skeptics.
[Source 2012][More on Climate Change]
This company received a score of 58.9/100 in the Newsweek Green Rankings 2016, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2016][More on Sustainability Reporting]
Steve Coll's 2012 book, "Private Empire: ExxonMobil and American Power" discusses how since it was formed in 1999, Exxon Mobil has grown into one of the world's most hated companies, able to determine American foreign policy and the fate of entire nations. They drill in emergent nation states, frequently leading to poverty and corruption.
[Source 2012][More on Governance]
Green America's Responsible Shopper provides details about the corporate responsibility records of well-known companies. Follow the link to see this company's profile. [Last updated 2009]
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet. "Environmental groups have targeted the company for supporting climate change denial. The 1999 acquisition of Mobil by Exxon brought together two of the former portions of John D. Rockefeller's Standard Oil Trust that each had racked up a long string of environmental violations and other controversies."
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
|Company Structure||Public company|
|Revenue||US$482 billion in 2012|
|# Employees||76,900 in 2012|
|Subsidiaries||ExxonMobil Australia Pty Ltd
- Mobil Oil Australia Pty Ltd
|Address||Irving, Texas, USA|