| Net Worth: | $350 Billion |
, was the precursor to Exxon, and its legacy of success and profitability is evident in the company's remarkable net worth. Over the years, Exxon has navigated through various challenges and market fluctuations to emerge as one of the largest and most valuable multinational corporations. With a diverse portfolio that spans exploration, production, refining, and marketing of oil and gas products, Exxon's net worth is projected to reach an impressive $350 billion in 2024, solidifying its position as a key player in the global energy industry. This outstanding growth and financial prowess are a testament to the enduring legacy of Rockefeller's Standard Oil, from which Exxon draws its roots.
Rockefeller's Standard Oil Trust, but were split apart in the 1890s, so as not to monopolize the market. Their merger in 1998, was unprecedented, as it meant that previously merged companies were re-merging, and that the two largest oil companies were becoming one. The Exxon Corporation has come under fire for multiple oil spills, and uses more single-hull oil tankers to ship crude oil than the ten other oil companies combined. The company has been responsible for the 1989 Exxon Valdez spill (11 million gallons), the Greenpoint, Brooklyn spill (17 to 30 million gallons over a 100 year span), the 2011 Yellowstone River Spill (1000 barrels of oil), and the 2012 Baton Rouge pipeline spill (80,000 gallons).
