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The Exxon Valdez oil spill was the second largest in U.S. history, and in the aftermath of the Exxon Valdez incident, the U.S. Congress passed the Oil Pollution Act of 1990. An initial award of US$5 billion punitive was reduced to $507.5 million by the US Supreme Court in June 2008, [ 59 ] and distributions of this award commenced in 2008.
ExxonMobil Corporation [a] ( / ˌɛksɒnˈmoʊbəl / EK-son-MOH-bəl; commonly shortened to Exxon [5] [6] [7]) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller 's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated ...
Rex Tillerson. Rex Wayne Tillerson (born March 23, 1952) is an American energy executive who served as the 69th United States secretary of state from 2017 to 2018 in the administration of Donald Trump. [1] [2] [3] From 2006 to 2016, he was chairman and chief executive officer (CEO) of ExxonMobil .
Despite constant attempts by analysts and the media to complicate the basics of investing, there are really only three ways a stock can create value for its shareholders: Dividends. Earnings growth.
Exxon's stock has underperformed rival Chevron over the course of Woods' tenure as CEO. The company recorded a $22 billion loss in 2020 in the depth of the pandemic.
Lawrence G. Rawl. Clifton Canter Garvin Jr. (December 22, 1921 – April 17, 2016) [1] [2] was an American engineer, army officer, and oilman. In 1947 Garvin joined Standard Oil of New Jersey (called Exxon after 1973) and retired from the company in 1986. From 1972 to 1975 he served as its president, and from 1975 to 1986 as its chairman.
Its price-to-earnings ratio of 10.8, which is within the range of its historical average. The dividend continues to grow and is already at an attractive level with a 3.3% yield.
Woods joined Exxon in 1992. He had worked for Exxon for 24 years prior to being promoted to CEO following Rex Tillerson's nomination by President Donald Trump to be the next United States Secretary of State. While his predecessor was involved in deal making and exploration, Woods is a veteran of the refining side of the oil business.
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