What type of merger was Exxon and Mobil?
Daniel Santos
Updated on January 18, 2026
The merger is an example of a horizontal merger as both firms were in the same stages of production. The merger eventually resulted in cost cutting and savings of $3.8 billion.
Who owns ExxonMobil oil company?
ExxonMobil
Mobil/Parent organizations
Is ExxonMobil a monopoly?
Exxon Corp.’s purchase of Mobil Corp. will create not just the biggest energy company in the world, but the largest industrial corporation period. With revenues of $203 billion, this merged giant will edge out General Motors for the No. 1 spot.
How many employees does Exxonmobil have 2020?
72,000
One of the world’s largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization….ExxonMobil.
| Type | Public |
|---|---|
| Total assets | US$332.75 billion (2020) |
| Total equity | US$157.15 billion (2020) |
| Number of employees | 72,000 (2020) |
Who is the CEO of ExxonMobil?
Darren Woods (Jan 1, 2017–)
ExxonMobil/CEO
Darren W. Woods was elected chairman of the board and chief executive officer of Exxon Mobil Corporation in 2017. He served as president of Exxon Mobil Corporation in 2016, senior vice president from 2014 to 2016, and vice president, and president, ExxonMobil Refining & Supply Company from 2012 to 2014.
Who owns the most ExxonMobil stock?
Top 10 Owners of Exxon Mobil Corp
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.84% | 332,097,367 |
| SSgA Funds Management, Inc. | 5.85% | 247,575,341 |
| BlackRock Fund Advisors | 4.81% | 203,749,501 |
| Fidelity Management & Research Co… | 1.50% | 63,599,508 |
