ExxonMobil Corporation | |
|---|---|
 | |
| Founded | Standard Oil of New Jersey August 5, 1882 |
| Founder | John D. Rockefeller |
| Industry | Oil |
| 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]
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.