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Opportunities and challenges for mangrove carbon sequestration in the Mekong River Delta in Vietnam

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller 's Standard Oil Company , [2] and was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).

The world's seventh largest company by revenue , ExxonMobil is also the seventh largest publicly traded company by market capitalization. [3] [4] The company was ranked ninth globally in the Forbes Global 2000 list in 2016. [5] ExxonMobil was the second most profitable company in the Fortune 500 in 2014. [6]

ExxonMobil has been criticized for its slow response to cleanup efforts after the 1989 Exxon Valdez oil spill in Alaska, widely considered to be one of the world's worst oil spills in terms of damage to the environment. ExxonMobil has a history of lobbying for climate change denial and against the scientific consensus that global warming is caused by the burning of fossil fuels. The company has also been the target of accusations of improperly dealing with human rights issues, influence on American foreign policy , and its impact on the future of nations. [15]

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A chronological summary of some of the key events impacting the evolution of the world petroleum industry, significant world events that had a major impact on the oil industry are indicated in dark red.

References are listed at the end of the summary. A search of keywords using a search engine will provide further information. Your feedback regarding errors or omissions is welcome!

6th Cent ury BC - The army of Kir II, first shah of Achaemenid Empire ( present - Iran), used Absheron oil in weapons of fire to invade castles and cities. (Note: much of the historic information relating to the early history in the Middle East has been provided by Mir-Yusif Mir-Babayev, Professor of Azerbaijan Technical University in Baku ) .

Objective. To compare neonatal morbidity and mortality between late-preterm intrauterine growth-restricted (IUGR) and appropriate-for-gestational-age (AGA.

According to a report released on February 15, 2016 by Deloitte LLP—the audit and consulting firm—with global crude oil at near ten-year low prices, 35% of listed E&P oil and gas companies are at a high risk of bankruptcy worldwide. [16] [17] Indeed, bankruptcies "in the oil and gas industry could surpass levels seen in the Great Recession." [16] [18]

Although the oil price is largely determined by the balance between supply and demand—as with all commodities—some commentators including Business Week , the Financial Times and the Washington Post , argued that the rise in oil prices prior to the financial crisis of 2007–2008 was due to speculation in futures markets. [24] [25] [26] [27] [28]

For a dissenting view of oil prices being determined by demand, see Forbes, "Global Oil Demand is Always Rising - and Not Related to Price". [29]