approve the deal until June 25, 2010. All these moves highlight the company’s continual
effort to dominate the shale-based oil and natural gas industry just like it has dominated
the petroleum industry. Since explaining every major development the company has had
would take much time and space, below is a summary of the company’s major
developments since it’s merging 13 years ago.
Exhibit 3: XOM Major Developments, 1999 to 2011
On November 30, Exxon and Mobil join to form ExxonMobil Corporation.
ExxonMobil Research & Engineering Company (EMRE) develops the SCANfining
process, which uses a new proprietary catalyst to selectively remove more than
95 percent of the sulfur from gasoline while minimizing octane loss.
ExxonMobil, joined by other sponsors, initiates the Global Climate and Energy
Project (GCEP) at Stanford University — a pioneering research effort to identify
technologies that can meet energy demand with dramatically lower greenhouse
ExxonMobil and Qatar Petroleum, with other joint-venture partners, expand
development of the giant North Field offshore Qatar, the largest non-associated
gas field in the world.
Exxon Neftegas Limited (a subsidiary of ExxonMobil Corporation) completes the
drilling of the Z-11 well, the longest measured depth extended-reach drilling
(ERD) well in the world. (Located on Sakhalin Island offshore eastern Russia, the
record-setting Z-11 achieved a total measured depth of 37,016 feet (11,282
meters), or more than seven miles.)
ExxonMobil and Synthetic Genomics Inc. (SGI) announced the opening of a
greenhouse facility today enabling the next level of research and testing in their
algae biofuels program.
ExxonMobil finalizes its agreement with XTO Energy Inc., creating a new
organization to focus on global development and production of unconventional
ExxonMobil announced two major oil discoveries and a gas discovery in the
deep-water Gulf of Mexico after drilling the company's first post-moratorium
deep-water exploration well.
Despite the Exxon Valdez oil spill incident which threatened to cripple the
company’s growth due to the magnitude of the environmental catastrophe, ExxonMobil
has managed to overcome that and many other hurdles to be the dominant force it is