In 1998, Exxon and Mobil signed a definitive agreement to merge and formed a new company called Exxon Mobil Corporation making it the largest private oil company in the world ahead of Shell. Lee R. Raymond is the Chairman and Chief Executive Officer of Exxon Mobil Corporation. Exxon Mobile conducts business in almost 200 countries. They are one of the largest corporations in the world employing over 100,000 people world wide. Exxon Mobile considers themselves a worldwide energy industrial leader. In terms of what type of products they produce, the first thing you think of is gas or petroleum. The brands that are more recognizable are Mobile gas stations, Exxon gas stations, Esso gas stations, Mobile 1 oil, and Speedpass; but Exxon Mobil Chemical is one of the largest worldwide petrochemical companies. Some of the products are olefins, aromatics, fluids, synthetic rubber, polyethylene, and polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, additives for fuels and lubricants, zeolite catalysts and other petrochemical products. They have oil refineries and industrial sites where they are allowed a certain amount of time to drill and pump crude oil. This is in countries all over the globe, even countries where the US is not welcomed. The main purpose they are permitted in certain countries is the amount of jobs they create where ever they want to drill for oil. For instance in the Chad/Cameroon Development Project that began in late 2000. A workforce of as many as 11,000 people has been developing the oil fields in southern Chad and building the 1070-kilometer pipeline to the coast of Cameroon needed to export Chad's crude to world markets. .
Exxon Mobile financial highlights of 2002 .
Total Revenue 204.5.
Net Income 11.5.
Capital and Exploration Expenditures 14.
Average Capital Employed 88.3.
Return on Average Capital Employed (percent) 13.5.
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As of December 5, 2003 the last share was $36.
