What Happened On November 30th?

Exxon and Mobil Merged (1999)

On November 30, 1999, the business world witnessed a seismic shift as two of the largest and most iconic names in the oil industry, Exxon and Mobil, announced their merger. This colossal union was not only the creation of the world’s largest publicly traded oil and gas company but also a strategic move that would reshape the global energy landscape.

The day of the Exxon-Mobil merger brought together two industry giants and sent ripples through the realms of business, finance, and energy. The new entity became the largest publicly traded oil and gas company in the world, boasting a market capitalization that dwarfed its competitors. Exxon Mobil’s formidable presence extended across the entire energy spectrum, from exploration and production to refining and marketing.