John D. Rockefeller
1882 Standard Oil Trust • Acquirement of Petroleum Interests
• 90% of control - Monopoly
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1911
• U.S. Supreme Court ordered the dissolution of Standard Oil Trust • 34 Separate Companies
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Standing committees (cont.)
Audit Committee
• • • • • • Conduction of the Corporation's financial reporting process. Integrity of the financial statements and other financial information Corporation's system of internal accounting and financial controls. Corporation's compliance with legal and regulatory requirements. Performance of the Corporation's internal audit function. The independent auditors' qualifications, performance, and independence. • Annual independent audit of the Corporation's financial statements.
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Standing Committees
Compensation Committee
• Discharge the Board of Directors responsibilities relating to the evaluation and compensation of the Corporation's Chief Executive Officer and other senior executives.
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Nowadays ExxonMobil
• Is based in Houston, Texas. • 2003
Stronger Earning Performance over the History $21.5 billions - Net Incomes $30.8 billions - Cash Flow
Advisory Committee on Contributions
• Provide oversight and direction to the Corporation's overall contributions objectives, policies and programs
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• Sells more than 65 millions gallons of fuel every day. • Operates in over 100 countries. • It is, World wide, the Biggest Oil Company.
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ExxonMobil
PRESENTED BY PHIL H. LATIMIER, Ph.D.
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SHAREHOLDER VALUE & CORPORATE GOVERNANCE FINAL PROJECT
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History of the Company

• Since the end of World II
Expanded market – more than 100 countries
• 1999 Exxon + Mobil = ExxonMobil $76.6 billions Merger Near $ 8 billions of Saving
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Edward G. Galante, Senior Vice President
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Board
• Board Size: - between 10 and 19 members • Election of Directors: - Shareholders Selection • Mandatory Retirement: - No director over 70 years. - Annually evaluation of Performance
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Corporate Manager’s
Lee Raymond, Chairman and Chief Executive Officer Rex W. Tillerson, President
Harry Longwell, Executive Vice President
Board Affairs Committee
• • • Monitor compliance with good corporate governance standards Identification of qualified individuals to become Board members Recommend to the Board director nominees for election at the annual meeting of shareholders
“Jersey Standard" and "Socony“
Became
Exxon and Mobil
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• Next Two Decades
Building of Business
(Production, pipelines, refining, research)
Standing Committees (cont.)
• Finance Committee - Review the Corporation's financial policies, strategies and capital structure - Create reports and recommendations to the Board of Directors • Public Issues Committee - Review the Corporation's policies, programs and practices • Executive Committee - It function when the Board of Directors is not in session.