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Home > Fortune 500 Companies > Exxon Mobil
Exxon Mobil
Exxon Mobil was formerly known as Exxon Corporation and changed its name to Exxon Mobil Corporation in 1999. Exxon Mobil is based in Irving, Texas. It’s a publicly traded company having a good stock performance result. Exxon Mobil is a fortune 500 stock listed company trading under XOM.
The company Exxon Mobil Corporation engages in the production, exploration, transportation, and sale of crude oil and natural gas. Rex W. Tillerson is a Chairman and Chief Executive Officer of Exxon Mobil Corporation.
Exxon Mobil Corporation reported fourth quarter 2005 results. Earnings excluding special items were 10,320 million dollars, an increase of 1,900 million dollars from the fourth quarter of 2004. Fourth quarter net income included a special gain of 390 million dollars from the resolution of a previously disclosed litigation issue. Including this gain, net income of 10,710 million dollars increased by 2,290 million dollars. Exxon Mobil's fourth quarter earnings excluding special items were 10,320 million dollars, up 23percent from fourth quarter 2004, reflecting higher crude oil and natural gas realizations and improved refining and marketing margins. Net income for the fourth quarter was 10,710 million dollars, up 27percent from 2004.
There is a great deal of public interest in global energy prices. They recognize that consumers worldwide want and need reliable supplies of affordable energy to fuel their vehicles, light and heat their homes and run their businesses. Their strong financial results will continue to allow them to make significant, long-term investments required to do their part in meeting the world's energy needs. Exxon Mobil continued its active investment program in the fourth quarter, spending 5.3 billion dollars on capital and exploration projects, bringing full year spending to 17.7 billion dollars, an increase of 19percent or 2.8 billion dollars against 2004. The Corporation distributed a total of 6.8 billion dollars to shareholders in the fourth quarter through dividends and share purchases to reduce shares outstanding. Distributions to shareholders totaled 23.2 billion dollars for the full year, an increase of 56percent or 8.3 billion dollars against 2004.
The company conducts business in almost 200 countries and territories around the globe and has recognized a new definition for world-class scale and efficiency. Exxon Mobil is the industry leader in each of its core businesses and has an unmatched collection of proprietary technologies intended at increasing the productivity of its assets and employees.
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