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ExxonMobil Chemical is a petrochemical company which was created by merging Exxon's and Mobil's chemical industries. Its principal products includes basic olefins and aromatics , ethylene glycol , polyethylene , and polypropylene along with speciality lines such as elastomers , plasticizers , solvents , process fluids, oxo alcohols and adhesive resins. The company also produces synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts.
The company was an industry leader in metallocene catalyst technology to make unique polymers with improved performance. Infineum, a joint venture with Royal Dutch Shell, is manufacturing and marketing crankcase lubricant additives, fuel additives , and specialty lubricant additives, as well as automatic transmission fluids , gear oils , and industrial oils.
ExxonMobil conducts research on clean energy technologies, including algae biofuels , biodiesel made from agricultural waste, carbonate fuel cells , and refining crude oil into plastic by using a membrane and osmosis instead of heat. According to Fortune Global , ExxonMobil was the ninth largest company, sixth largest publicly held corporation , and third largest oil company by revenue.
ExxonMobil's headquarters are located in Irving, Texas. In October , the company stated that it would not move its headquarters to Greater Houston. Before his election as chairman and CEO, Woods was elected president of ExxonMobil and a member of the board of directors in ExxonMobil's environmental record has faced much criticism for its stance and impact on global warming.
From the late s through the s, Exxon funded research broadly in line with the developing public scientific approach. ExxonMobil funded organizations opposed to the Kyoto Protocol and seeking to influence public opinion about the scientific consensus that global warming is caused by the burning of fossil fuels.
In , the New York Attorney General launched an investigation whether ExxonMobil's statements to investors were consistent with the company's decades of extensive scientific research. Seventeen attorneys general were cooperating on investigations. Scientists and environmental groups have voiced concern that the Sakhalin-I oil and gas project in the Russian Far East, operated by an ExxonMobil subsidiary Exxon Neftegas, threatens the critically endangered western gray whale population.
Christopher Porrino served as Chief Counsel to the Christie administration from January through July and handled negotiations in the case. ExxonMobil is the target of human rights activists for actions taken by the corporation in the Indonesian territory of Aceh. The suit alleges that the ExxonMobil knowingly assisted human rights violations, including torture , murder and rape, by employing and providing material support to Indonesian military forces, who committed the alleged offenses during civil unrest in Aceh.
Human rights complaints involving Exxon's Exxon and Mobil had not yet merged relationship with the Indonesian military first arose in ; the company denies these accusations and filed a motion to dismiss the suit, which was denied in by a federal judge. ExxonMobil and American Power , says that he thinks that ExxonMobil is "able to determine American foreign policy and the fate of entire nations". The book was also reviewed in The Economist , according to which "ExxonMobil is easy to caricature, and many critics have done so It is to Steve Coll's credit that Private Empire , his new book about ExxonMobil, refuses to subscribe to such a simplistic view.
It notes that the company shut down its operations in Indonesia to distance itself from the abuses committed against the population by that country's army, and that it decided to drill in Chad only after the World Bank agreed to ensure that the oil royalties were used for the population's benefit.
The review closes by noting that "A world addicted to ExxonMobil's product needs to look in the mirror before being too critical of how relentlessly the company supplies it. The Valdez spill is 36th worst oil spill in history in terms of sheer volume. The State of Alaska's Exxon Valdez Oil Spill Trustee Council stated that the spill "is widely considered the number one spill worldwide in terms of damage to the environment".
Because carcasses typically sink to the seafloor, it is estimated the death toll may be , seabirds , 2, sea otters , harbor seals , bald eagles , and up to 22 killer whales. Billions of salmon and herring eggs were also killed. As of , oil remained on or under more than half the sound's beaches, according to a federal survey. The government-created Exxon Valdez Oil Spill Trustee Council concluded that the oil disappears at less than 4 percent per year, adding that the oil will "take decades and possibly centuries to disappear entirely".
Of the 27 species monitored by the council, 17 have not recovered. While the salmon population has rebounded, and the orca whales are recovering, the herring population and fishing industry have not. Exxon was widely criticized for its slow response to cleaning up the disaster. John Devens, the Mayor of Valdez, has said his community felt betrayed by Exxon's inadequate response to the crisis.
The renamed subsidiary, though wholly Exxon-controlled, has a separate corporate charter and board of directors, and the former Exxon Valdez is now the SeaRiver Mediterranean. The renamed tanker is legally owned by a small, stand-alone company, which would have minimal ability to pay out on claims in the event of a further accident.
In , Exxon still uses more single-hull tankers than the rest of the largest ten oil companies combined, including the Valdez's sister ship, the SeaRiver Long Beach. The refinery produced fuel oils, gasoline, kerosene and solvents. Naptha and gas oil, secondary products, were also stored in the refinery area.
Regulators opened an investigation in response to the pipeline oil spill. On June 14, , a bleeder plug on a tank in the Baton Rouge Refinery failed and began leaking naphtha , a substance that is composed of many chemicals including benzene. On June 18, Baton Rouge refinery representatives told the LDEQ that ExxonMobil's chemical team determined that the June 14 spill was actually a level 2 incident classification which means that a significant response to the leak was required.
Because the spill estimate and the actual amount of chemicals spilled varied drastically, the LDEQ launched an in-depth investigation on June 16 to determine the actual amounts of chemicals spilled as well as to find out what information the refinery knew and when they knew it. The July Yellowstone River oil spill was an oil spill from an ExxonMobil pipeline running from Silver Tip to Billings, Montana , which ruptured about 10 miles west of Billings on July 1, , at about A spokesman for ExxonMobil said that the oil is within 10 miles of the spill site.
However, Montana Governor Brian Schweitzer disputed the accuracy of that figure. It did not admit liability. Edit Read in another language ExxonMobil. This article is about Exxon Mobil Corp. For the company's subsidiaries, see Exxon and Mobil. Crude oil Oil products Natural gas Petrochemicals Power generation. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. October Learn how and when to remove this template message. This article needs to be updated. Please update this article to reflect recent events or newly available information. Financial data Edit According to Fortune Global , ExxonMobil was the ninth largest company, sixth largest publicly held corporation , and third largest oil company by revenue. ExxonMobil climate change controversy. ExxonMobil-New Jersey environmental contamination settlement.
Accusations of ExxonMobil human rights violations in Indonesia. Exxon Valdez oil spill Edit Main article: Exxon Valdez oil spill.
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It notes that the company shut down its operations in Indonesia to distance itself from the abuses committed against the population by that country's army, and that it decided to drill in Chad only after the World Bank agreed to ensure that the oil royalties were used for the population's benefit. Retrieved January 4,
The merger announcement followed shortly after the merge of British Petroleum and Amoco , which was the largest industrial merger at the time.