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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 ...
esso.com. Esso ( / ˈɛsoʊ /) is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. [1] The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, ' S ' and ' O '), [2] to which the ...
Most of the growth has been tied to the rising price of oil, but there's more to it than that: Exxon's management has done an extraordinary job allocating capital, investing in the right areas ...
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.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American equity market by capitalization.
The fallout of the war and the sanctions have wreaked havoc on global markets with major indices like the S&P 500 declining 15% since the beginning of February. Consumers have also been feeling ...
To solve this, Jersey Standard announced it would rebrand all of its stations as Exxon in 1973, and changed its corporate name to that of Exxon Corporation simultaneously. [4] Meanwhile, Socony-Vacuum gradually began to use Mobiloil and Mobilgas as trade names for its retail products, and the company eventually changed its name to Mobil ...
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