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ExxonMobil Corporation | |
|---|---|
 | |
| Industry | Oil |
| Founded | Standard Oil of New Jersey August 5, 1882 |
| Founder | John D. Rockefeller |
| Headquarters | Harris County, Texas, United States |
| Number of employees | 62,300 |
ExxonMobil Corporation, formerly known as Standard Oil, is a multinational imperialist corporation with headquarters in the United States. In 2022, it made $55.7 billion in profit. It is one of the most powerful oil corporations in the world.[1]
History
In 2006, President Hugo Chávez nationalized Venezuela's oil industry. ExxonMobil refused and went to the World Bank, which demanded $1.6 billion in compensation from Venezuela in 2014.
In 2015, CEO Rex Tillerson, later a U.S. Secretary of State, began operations in the disputed Guayana Esequibo region. On 5 March 2015, Guyana installed an oil platform run by ExxonMobil off the shore of the Esequibo. Since then, Guyana has discovered 5.5 billion barrels of oil. This discovery did not benefit the Guyanese people because the government of Guyana exempted ExxonMobil from taxes and guaranteed at least 75% of oil revenue to the company and only half of the remaining 25% to Guyana. Future Guyanese governments are not allowed to change the agreement without ExxonMobil's permission.
On 3 December 2023, Venezuelans voted to reclaim the Esequibo region.[1]
Nazi Collaboration
In March of 1942, Standard Oil of New Jersey was implicated in bolstering the Nazi war effort during World War II, even after the US had formally entered the conflict on the side of the Allies. This is based on the findings of a US Senate Committee chaired by Harry Truman. The committee learnt of a series of patent and process-exchange agreements for rubber (which the Axis powers desperately needed) between SONJ and IG Farben, a major German chemical and pharmaceutical conglomerate.[2]
Below is a quote from The Militant which shows that imperialist collaboration in the formation of a worldwide petroleum and chemical cartel was the initial reason for collaboration with the Nazi government:
Last week, tire Truman Senate Investigating Committee heard further government testimony showing that Standard Oil, in conformity with its arrangements with the Nazi interests, continued as late as December 1941 to provide oil and other necessary operating supplies for Nazi and Italian airlines bringing “spies, propaganda and profit-producing goods” to South America and returning to Europe with “essential war materials.”
The committee heard from the lips of a leading Treasury official the details of Standard’s efforts to turn over its Hungarian plants to the Nazis for $24,000.000 gold, a deal which the Treasury blocked because it would have “permitted the Standard Oil Co. to have been preferred by Germany over other American owners of capital investments in Germany” and would have furthered Nazi economic conquest in Europe.
These facts further brought out the close tie-up between Standard and the German capitalist interests and lent additional weight to the documentary evidence presented to the Truman Committee two weeks ago by Assistant. Attorney General Arnold, which established that Standard and I.G. Farben had an iron-clad cartel agreement, first made in Nov. 1929 to recognize each other’s exclusive rights in particular economic spheres. I.G. Farben was to have world control in chemicals and Standard, in petroleum products and synthetic gasoline.[3]
References
- ↑ 1.0 1.1 Eduardo Rodríguez (2023-12-06). "Venezuelans Say NO to U.S. and ExxonMobil meddling in the Essequibo region" Liberation News. Retrieved 2023-12-10.
- ↑ “By 1945, as the Public Relations Conferences began, another more recent cloud darkened Standard Oil's future. In March 1942, a Senate committee chaired by Harry Truman - while investigating concentrations of economic power - had stumbled upon a particularly damaging bit of information. The committee learned of a series of patent and process-exchange agreements - for synthetic "Buna" rubber - between SONJ and the notorious German chemical cartel, I.G.Farben. Later it would be revealed that these agreements persisted even after the United States had entered the war.”
Stuart Ewen (1996). PR!: 'Public Ultimatums' (p. 348). Basic Books. ISBN 0465061796 - ↑ Art Preis (1942-11-04). "Standard Oil Bosses Lie About Deal With Nazis: New Evidence Piles Up Despite Efforts of Company and Boss Press to Stifle Truth" The Militant. Retrieved 2023-10-11.