Editing Exxon Mobil Corporation (section)

=== History of the Company ===
The company was created as a result of the merger in 1999 between Exxon Corporation and Mobil Corporation, which were two of the world's oldest and most prominent oil companies at the time. Exxon is the largest direct existing entity of Standard Oil founded by John D. Rockefeller, which was broken up in 1911 into 43 different entities after being found as an illegal monopoly. The merger was positioned as a strategic move to enhance competitiveness, achieve cost savings through synergies, and create a stronger and leading global energy player. According to Lee Raymond and Lou Noto, chairmen and chief executive officers of Exxon and Mobil, respectively, "This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive. "<ref>https://corporate.exxonmobil.com/who-we-are/our-global-organization/our-history</ref>

The firm is vertically integrated across the whole oil and gas sector but also includes a chemicals section that makes plastic, synthetic rubber, and other chemical products. Although ExxonMobil was formally formed in New Jersey, the company is based in Houston,Texas.

ExxonMobil is also the largest investor-owned oil company in the world. Approximately 60% of the company's shares are held by institutions, the largest of which as of 2023 were The Vanguard Group (9.7%)<ref>https://simplywall.st/stocks/us/energy/nyse-xom/exxon-mobil/news/with-60-ownership-of-the-shares-exxon-mobil-corporation-nyse</ref>, BlackRock (7.10%)<ref>https://fintel.io/so/us/xom/blackrock</ref>, and State Street Corporation (5.43%).<ref>https://fintel.io/so/us/xom/state-street</ref>