The merger of Exxon and Mobil, announced Dec. 1, would create the largest oil company in the world. The deal requires approval by U.S. government regulators. Both firms are active in Sakhalin shelf projects.
Here are the 1997 facts and statistics on the companies, supplied by Exxon and Mobil.
Exxon
Financial
- Net income: $8.5 billion
- Revenues: $137.2 billion
- Capital employed: $52.9 billion
- Capital and exploration expenditures: $8.8 billion
- Return on average capital employed: 16.5 percent
Exploration and Production
- Worldwide net production of 1.6 million barrels a day of crude oil and natural gas liquids and 6.3 billion cubic feet of natural gas a day
- Proven liquid reserves of 6.8 billion barrels including oil sands; proven natural gas reserves of 42.1 trillion cubic feet
- Exploration and/or production activities in 30 countries at year-end 1997
Refining and Marketing
- Total petroleum product sales of 5.4 million barrels a day
- 33,000 service stations worldwide
- Refinery throughput of 4.0 million barrels a day
- Interests in 31 refineries in 17 countries
Chemicals
- Sales of 17.3 million tons of product a year
- Revenues totaled $14.0 billion
- Interests in 56 manufacturing sites in 24 countries
Other
- 80,000 employees worldwide at year-end 1997
- Common shares outstanding (as of November 27, 1998) 2,427.7 million. In addition, there are 3.8 million common share equivalents in the form of Convertible Class A Preferred Stock held by a LESOP trust.
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Mobil
Financial
- Net income of $3.3 billion
- Revenues of $65.9 billion
- Capital employed was $26.5 billion
- Capital and exploration expenditures of $5.3 billion
- Return on Average Capital Employed of 13.4%
Exploration and Production
- Worldwide net production of 0.9 million barrels of crude oil and natural gas liquids per day and 4.6 billion cubic feet of natural gas a day
- Proven liquid reserves of 4.1 billion barrels; proven natural gas reserved of 17.0 trillion cubic feet
- Exploration and/or production activities in 25 countries at year end 1997
Refining and Marketing
- Total petroleum product sales of 3.3 million barrels a day
- Approximately 15,500 service stations worldwide
- Refinery throughput of 2.1 million barrels per day
- Interests in 19 refineries in 12 countries
Chemicals
- Sales of 4.0 million tons of product a year
- Revenues totaled $3.5 billion
- Interests in 19 manufacturing sites in 10 countries
Other
- 42,700 employees worldwide
- Common shares outstanding (as of November 27, 1998) 779.9 million. In addition, there are 16.6 million common share equivalents in the form of Series B ESOP Convertible Preferred Stock.
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