Exxon Mobil Corporation is an American multinational oil and gas company headquartered in Spring, Texas, a suburb of Houston. Established as the largest direct successor to John D. Rockefeller's Standard Oil, the contemporary company was created in 1999 through the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas sector, including its chemicals division, which manufactures plastics, synthetic rubber, and various other chemical products. As the largest oil and gas company based in the U.S., ExxonMobil ranks as the seventh-largest firm by revenue in the U.S. and the 13th-largest globally. Furthermore, it is recognized as the largest investor-owned oil company worldwide, with approximately 55.56% of its shares owned by institutions, the largest being The Vanguard Group, BlackRock, and State Street Corporation as of 2019.