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At that time Exxon was called Jersey Standard, and Mobile was called Socony.
Over the next couple of decades both of these companies grew substantially. Jersey Standard (Exxon) produced a 50 % share in Humble Oil and Refining Company, and Socony (Mobil) purchased 45 % interest in Magnolia Petroleum Company. It was in 1998, that Exxon and Mobil decided to become one company. They signed a $737 billion dollar agreement to merge and be called ExxonMobil Corporation. They were considered the largest company on the planet. This merge was completed in November 30, 1999. It was also said to be the largest merger in U...
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