Jay Clark Heather Culnane Karen Long Lacey Steffey XOM. Industry and History. ExxonMobil is an American multinational oil and gas corporation. They are the second largest publicly traded company when measured by market capitalization and was formed on November 30, 1999.
For use in electric cars. No thicker than a human hair, it helps lithium-ion batteries to achieve smaller size with larger capacity.
Opened up unconventional energy resources such as tight
gas, heavy oil, and oil sands. Tight gas reserves in reservoir
rock are opened up by creating fractures
Doesn’t require fertile land and fresh water
Could reduce greenhouse gas emissions
Low cost process to remove CO2 and other
impurities from natural gas
Last quarter, 2009. Warren Buffet reduces shares by 66.95%
February 9. Government of Ghana blocked $4 billion sale of stake in huge oil field. Sale was between ExxonMobil and owner, Kosmos Energy.
March 2. China Battles Exxon in Ghana Oil Deal. China wants to force sale of large oil & gas discoveries to China’s state owned international oil company Cnooc.
March 4. Global warming litigation just getting started – increase in costs.