M&A Deal Summary

ExxonMobil Acquires Mobil

On November 30, 1999, ExxonMobil acquired oil/gas exploration company Mobil for 81.0B USD

Acquisition Highlights
  • This is ExxonMobil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is ExxonMobil’s largest (disclosed) transaction.
  • This is ExxonMobil’s 2nd transaction in the United States.
  • This is ExxonMobil’s 1st transaction in Virginia.

M&A Deal Summary
Date 1999-11-30
Target Mobil
Sector Oil/Gas Exploration
Buyer(s) ExxonMobil
Deal Type Merger
Deal Value 81.0B USD

Target

Mobil

Virginia, United States
website
Mobil Corp. is an American oil company. Its previous name was Socony-Vacuum Oil Company and was originally headquartered in Fairfax County, Virginia.

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Buyer(S) 1

Buyer

ExxonMobil

Irving, Texas, United States

website

Category Company
Founded 1870
Sector Oil/Gas Exploration
Employees62,000
Revenue 398.7B USD (2022)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 10
Sector (Oil/Gas Exploration) 1 of 9
Type (Merger) 1 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 8
Year (1999) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Univation Technologies

Houston, Texas, United States

Univation Technologies is a supplier of catalysts for polyethylene production. Catalyst for both gas phase and slurry processes are manufactured at facilities in Texas. We supply Ziegler-Natta, chromium, single site (metallocene), and bimodal catalysts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 XTO Energy

Forth Worth, Texas, United States

XTO Energy is a domestic oil and natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. XTO Energy was formed in 1986 and is headquartered in Fort Worth, Texas.

Buy $41.0B
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