ABSTRACT
ExxonMobil Corporation is an oil group formed by the merger between Exxon and Mobil, which took place in 1999. Exxon was the new name given to the Standard Oil Company of New Jersey, and Mobil was the name given to the former Standard Oil Company of New York. Even before, the two companies were part of the same company, Standard Oil, founded by magnate John Davison Rockefeller in 1870 and which was dismantled in 1911. The consideration of the ExxonMobil case was positive as it came last in this book because it finalizes a set of analyses that begins with companies in the information technology, Internet, and communications sectors, whose profits on revenue are quite high. We also analyzed a pharmaceutical company, Johnson & Johnson, which also has a good return on revenue, and then we arrived at an old-style industrial organization such as ExxonMobil. This company has a low return on revenue, reinforcing the thesis that productive activities in almost all industrial sectors worldwide are less profitable than financial or service activities, one of the most striking features of the financialization process, and we will analyze these data in this final chapter.
