The history of Exxon Mobil Corporation dates back to 1859. In those days, Colonel Evin Drake explored a promising field in Pennsylvania. After that, the “oil boom” began. After 11 years, John Rockefeller decided to open his own oil company, which was called Standart Oil.
The company has developed rapidly, processing and manufacturing technological products from the category of lubricants and oils. After a short time, it won the trust of consumers in the US market. The main activity of the company for a long time was the export of kerosene. Gasoline production was not a priority for the company. The popularity of this fuel began to grow only in 1911.
In 1915, the company’s products received powerful advertising support. Ralph De Palma won the Indianapolis 500 race. The rider managed to develop a record speed for his time – 89.84 km / h. For his car, he used Standart Oil.
The lubricants produced by the company were used not only for automobiles but also for airplanes. The corporation had a strong scientific base. It was within its walls that many innovations were developed and introduced. For example, the company’s specialists invented artificial rubber. Many of their inventions are still used for the production of fuel and lubricants and automotive rubber.
The name Mobile first appeared in 1966. By that time, the history of the concern was already a hundred years old. After rebranding, a powerful advertising campaign was carried out aimed at popularizing the new name. In 1974, the corporation released Mobile 1 oil. It is still considered the standard of quality.
In 1999, the history of the combined Exxon Mobil company began. There was a merger of the two largest manufacturers in the industry. This has increased the competitiveness of the merged corporation. In 2001, the company’s specialists managed to create an innovative SCANfining methodology. It allows you to remove 95% sulfur from gasoline, without reducing the octane rating.
In 2005, the company began developing the Qatarskoye field, which is considered one of the largest in the world. The company’s annual profit exceeds USD 36 billion.
For successful stock trading, Exxon Mobil Corporation needs to apply technical and fundamental analysis. The situation dramatically influences the quotations of equity securities of this company in the oil market. When the price of raw materials rises, stocks rise in price. If the oil market declines, Exxon Mobil Corporation securities are becoming cheaper.
The company has shown annual earnings growth per share for several decades. The corporation securities attract investors and traders around the world. To make money trading these assets, you need to monitor the release of the company’s financial statements carefully. It is also necessary to use technical analysis to determine the optimal entry point into the market.
In trading, you need to apply the right money management. The risk in one transaction should not exceed 5-10% of your deposit. Be sure to use a take-profit order and a stop-loss order. Dowmarkets will allow you to protect yourself from excessive losses and take profits on time.
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