5 Things You Don’t Know About Exxon Mobil

Trading On The Floor Of The NYSE As U.S. Stocks Edge Higher Before Remarks From Yellen, Long Weekend
Exxon Mobil Corp. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 27, 2016. U.S. stocks edged higher, with the S&P 500 on course for its biggest weekly advance since March, while investors awaited remarks from Federal Reserve Chair Janet Yellen for hints on the timing of the next interest-rate increase. Photographer: Michael Nagle/Bloomberg via Getty Images
Photograph by Bloomberg via Getty Images

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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