Exxon Mobil once again claimed the No. 2 spot on this year’s Fortune 500 list. The oil-and-gas giant’s revenues hit $246.2 billion, despite the fact that oil prices are still down about 50% from their 2014 peak. Due to America’s fracking revolution, as well as slower global growth, there has been an abundance of supply, which led to lower prices.
Still, energy usage is expected to grow 25% over the next 25 years, thanks to a growing world population and a burgeoning middle class. And, Exxon Mobil (XOM) is positioning itself to take advantage of that growth with a mix of production, refining, and chemical development.
Here’s 5 surprising facts you may not have known about Exxon Mobil.
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