COVID Stimulus Watch Individual Entry
Recipient Company:
Exxon Mobil Corporation
Loan or Loan Guarantee Amount:
$2,637,680
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: XOM)
Award Details
Award Date: Jun 28, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Exxon Mobil
Headquartered in: Texas
Parent Sector: oil and gas
Parent Industry: oil & gas
Employees (prior to pandemic): 74,900
Accountability Issues Since 2010
Employment-related Penalties: $2,367,963
Government-contracting-related Penalties: $33,090,000
Environmental / Healthcare / Safety Penalties: $945,481,309
Consumer Protection / Financial / Competition-related Penalties: $2,000,000
Ratio of CEO Pay to that of Median Worker: 135 to 1
CEO Compensation: $23,529,292
Worker Median Pay: $173,712
Total Federal, State, and Local Subsidies: $872,440,923
Federal Corporate Income Tax Rate: 9.0%
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