Structure / Ownership Largest Oil Company ExxonMobil

ExxonMobil is structured and managed by business activity, on a global basis, rather than by country. New ExxonMobil structure, following merger, organises into 11 separate global businesses:

• five upstream: exploration, development, production, gas marketing, upstream research
• four downstream: refining & supply, fuels marketing, lubricants & petroleum specialities, technology
• chemicals
• coal & minerals

While the move is to global organisation, there are practical (geographical) limits to the ability to do this. For example, upstream and downstream operations in the UK both have the same chairman, and are based in the same office. But the move is new, so it remains to be seen to what extent the globalisation policy is implemented.

To give an idea of their grouping, one senior manager of ExxonMobil board is responsible for all upstream divisions, another for all downstream, and another for the chemicals and coal & minerals divisions.

Relative size of these areas in ExxonMobil globally according to Exxon-Mobil Financial & Operating Review (average capital employed, 2000):

 

Upstream	44.6%
Downstream	31.7%
Chemicals	15.8%
Other + corporate	7.9%

Major shareholders

Top Institutional Holders of Exxon Mobil [44]:
FMR Corporation (Fidelty Management & Research Corp)
Barcleys Bank Plc
Morgan (J.P.) Chase & Company
State Street Corporation
Mellon Bank, N.A.
Vanguard Group, Inc.
Putman Investment Management, Inc.
Taunus Corporation
TIAA Cref Investment Management, LLC
Citigroup Inc.

Top Mutual Fund Holders [45]:

College Retirement Equities Fund-Stock Account
Fidelity Magellan Fund Inc
Vanguard Index 500 Fund
Fidelity Growth And Income Portfolio
Putnam Fund For Growth And Income
AXP New Dimensions Fund
Fidelity Contrafund Inc
Vanguard Institutional Index Fund
Fidelity Puritan Fund Inc
Washington Mutual Investors Fund

Board of Directors Exxon Mobil [46]

The board currently is comprised of fifteen directors, eleven of which are non-employees.

Lee R. Raymond
Chairman of the Board of Directors and Chief Executive Officer

Eugene A. Renna
Senior Vice President

René Dahan
Senior Vice President

Harry J. Longwell
Senior Vice President

Michael J. Boskin
T.M. Friedman Professor of Economics and Senior Fellow, Hoover Institution, Stanford University

William T. Esrey
Chairman and Chief Executive Officer, Sprint Corporation (a global communications company integrating long distance, local and wireless communications services and one of the world’s largest carriers of Internet traffic)

Donald V. Fites
Retired Chairman and Chief Executive Officer, Caterpillar Inc. (manufacturer of construction, mining, and agricultural machinery and engines)

Charles A. Heimbold, Jr
Chairman and Chief Executive Officer, Bristol-Myers Squibb Company (manufacturer of consumer products and pharmaceuticals)

James R. Houghton
Chairman of the Board Emeritus, Corning Incorporated (communications, advanced materials and display products)

William R. Howell
Chairman Emeritus, J.C. Penney Company, Inc. (department store and catalogue chain)

Helene L. Kaplan
Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (law firm)

Reatha Clark King
President and Executive Director, General Mills Foundation; Vice President, General Mills, Inc. (manufacturer and marketer of consumer food products)

Philip E. Lippincott
Chairman of the Board, Campbell Soup Company (global manufacturer and marketer of high quality, branded convenience food products); Retired Chairman and Chief Executive Officer, Scott Paper Company (sanitary paper, printing and publishing papers and forestry operations)

Marilyn Carlson Nelson
Chairman and Chief Executive Officer, Carlson Companies, Inc.; Co-Chair, Carlson Holdings, Inc. (travel, hotels, restaurants and marketing services)

Walter V. Shipley
Retired Chairman of the Board, The Chase Manhattan Corporation and The Chase Manhattan Bank (banking and finance)

Executives

Lee R. Raymond Chairman of the Board and Chief Executive Officer
E. G. Galante Senior Vice President
R. W. Tillerson Senior Vice President
H. J. Longwell Executive Vice President, Director
E. A. Renna Executive Vice President, Director
R. Dahan Executive Vice President, Director
M. E. Foster President, ExxonMobil Development Company
F. A. Risch Vice President, Treasurer
D. D. Humphreys Vice President, Controller
C. W. Matthews Vice President, General Counsel
T. P. Townsend Vice President of Investor Relations, Secretary
P. E. Sullivan Vice President and General Tax Counsel
H. R. Cramer Vice President
K. T. Koonce Vice President
S. R. McGill Vice President
S. D. Pryor Vice President
D. S. Sanders Vice President
J. S. Simon Vice President
The two Senior Vice Presidents, the three Executive Vice Presidents and the Chairman and CEO, L. R. Raymond, constitute the Corporation's Management Committee.

Principal directors in the UK
Esso UK plc [47]:

Ansel Condray (Chairman)
Ansel Condray helped Bush to draft the voluntary Clean Act Programme for Texas when Bush was governor there in 1997 (see also Links with Government) [48].
Took over from Keith Taylor, 26/2/00. Taylor was a very public figure, both in the industry and outside it – President of Institute of Chemical Engineers, vice president of the Institute of Petroleum, council member of CBI, Business in the Community and the Institute of Business Ethics. He died of cancer in September 2000 [49].

SC Spancake (Finance Director)
SC Polkey (Fuels Marketing)
D Carr (Logistics & Refining)
JV Genova (International Gas Marketing)
RG Bellis (Exploration)
All executive directors of Esso UK plc (all male).

Condray, Genova and Bellis all have Europe-wide roles in ExxonMobil International [50].

Other directors:

SBL Penrose (Finance Director, Esso Petroleum Co Ltd, Esso Exploration & Production UK Ltd, Mobil Gas Marketing Ltd) [51]
ME Clifton (Mobil Gas Marketing) [52]
John Cousins (Executive vice president, ExxonMobil International Ltd). [53]

ExxonMobil Chemical [54]

MJ Lane (Chairman)
RH Coleman
DJ Hartgerink

ExxonMobil Aviation International [55]

JAC Bell
E Biriotti
RM Cooper
IC Downie