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ExxonMobil is the largest publicly traded international gas and oil company in the world . The company posted revenues of more than $ 244bn , with profits exceeding $ 19bn in 2018 . Headquartered in Irving , Texas , Exxon Mobil has seen revenue rise by 17.4 % and profits have skyrocketed by a staggering 151 .%, due to the US oil boom of recent years . Founded in 1859 , when Edwin Drake and Billy Smith drilled an oil well in Titusville , Pennsylvania , Exxon Mobil is led by CEO Darren W . Woods . The company employs upwards of 71,200 people and has made bold intentions to ramp up oil production to 600,000 barrels per day by 2025 . Woods reportedly plans to invest $ 1bn in research and development to combat carbon emissions . JUNE 2019