The history of Exxon Mobil Corporation dates back to 1859. It was then that Colonel Evin Drake discovered a promising oil field in Pennsylvania. This event marked the beginning of the “oil boom” in the US market. After 11 years, John Rockefeller decided to open his own oil company, which was called Standart Oil. It was supposed to symbolize the impeccable quality of the products.
The company developed, carried out the development and production of innovative lubricants and oils for its time. Over time, she took a leading position in the American market. At the same time, the main activity of the corporation was the export of kerosene. The sale of gasoline was not a priority until 1911. From that moment, this fuel began to overgrow in popularity around the world.
In 1915, Mobile products received excellent advertising thanks to the victory of Ralph De Palma in the Indianapolis 500 car racing. Then the famous driver managed to reach speeds of record 89.84 km / h. In doing so, he used Mobile oil.
The company’s products were used not only for automobiles but also for aviation. Also, the concern acted as a leading research center. It was in its walls that artificial rubber and hosts of other innovations were invented, which are still actively used in the production of automotive rubber, as well as fuels and lubricants.
The name Mobile first appeared in 1966. At that time, the company existed for more than a hundred years. After rebranding, a powerful campaign began to promote the popularization of the new brand. In 1974, Mobile 1 engine oil was produced, which is still considered the benchmark for quality.
In 1999, the combined Exxon Mobil Corporation was founded. Two leading companies have decided to merge into one. Such a step significantly increased the competitiveness of the corporation. In 2001, the company developed a unique SCANfining technique. It was based on the use of special catalysts that remove more than 95% sulfur out of gasoline. In this case, the octane number of the finished product is not reduced.
In 2005, the corporation began developing the Qatari field, which is the largest in the world. The company employs over 90 thousand employees worldwide. The annual profit of the corporation has long exceeded the mark of USD 36 billion.
To successfully use Exxon Mobil Corporation shares in trading, you need to apply technical and fundamental analysis techniques. The situation dramatically influences the quotations of equity securities of this company in the oil market. When raw materials go up, stocks rise in value. In a period of decline in oil prices, the amount of equity securities falls.
Exxon Mobil Corporation has been demonstrating annual earnings growth per share for several decades. The securities of this company are a tidbit for most investors and traders working on the American stock exchange.
We recommend that you follow the rules of money management. Never use in one transaction the amount that you are not ready to lose. The maximum risk should not exceed 5-10% of your deposit.
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