Exxon's Acquisition of XTO Natural Gas Company

Introduction

ExxonMobil, created by the merger of Mobil Corporation and Exxon Corporation on November 30, 1999, is the leading publicly traded oil and gas company, when measured by revenue. The company is the largest of the six privately owned super oil companies in the world. It had a daily production of 3.921 million barrels of oil equivalent, in 2008. In fact, ExxonMobil is the 17th largest oil company in the world (Miller, Vandome & McBrewster, pp. 5-20). When ranked by oil and gas reserves, it is 14th in the world with less than 1 percent of ...