Exxon first in revenue - May 28, 1999

Providing coverage of Alaska and northern Canada's oil and gas industryMay 1999

Vol. 4, No. 5

Week of May 28, 1999

Exxon first in revenue

Petroleum News Alaska Staff

States News Service reported recently that Exxon is now the largest investor-owned oil company in the world.

“The Irving-based oil giant passed Royal Dutch-Shell in terms of revenue after faltering Asian demand hurt Shell’s bottom line. And that’s before Exxon absorbs Mobil, also among the top ten largest oil companies based on revenue,” said States.

Shell remains larger than Exxon in terms of oil production, reserves and worldwide fuel sales.

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