today in the petroleum industry. Part of that success can be attributed to it major oil
discoveries. For example, the recent oil discoveries by the company in the deep-water
Gulf of Mexico were one of the largest discoveries in the Gulf of Mexico in the last
decade. But to get a full picture of the company’s major expansion in more than a decade,
the company’s total assets.
Exhibit 4: XOM Gross Revenue, 1999 to 2011
Source: mergentonline.com, financial database
Just like the major developments indicate, ExxonMobil has experienced
tremendous amount of growth and expansion since it’s formation back in 1999. The only
things that have been able to slow down ExxonMobil’s growth are recessions. The slight
dip that the chart shows between the year 2000 and 2002 was due to an eight-month
recession that started in 20001. Likewise, the huge dip in late 2007 and early 2008 was a
result of the Great Recession.