ExxonMobil is the largest U.S. oil company and one of the most expansive multinationals, selling around $250 billion a year and operating in Europe under the brand name Esso. It is directly or indirectly active throughout Latin America, mainly in Argentina, Brazil, Colombia and Mexico.
It focuses on exploration, production, transportation, refining, distribution and trading of crude oil, gas and its derivatives. In addition, it participates in the electricity market and the manufacturing of chemicals, plastics and fertilizers. In Argentina, the Texas-based company does big business with shale oil in the mining area of Vaca Muerta.
Its scope is now expanding under the policies of the neoliberal President Mauricio Macri (a longtime friend of Donald Trump), who’s taking steps to further open the door to large mining companies and close it to workers.
Republican Sen. John McCain — not exactly a cherub — called the company’s CEO, Rex Tillerson, nominated as Trump’s Secretary of State, “a criminal, a bully and a murderer,” especially for his historic friendship with Igor Sechin, the most powerful man in Russia after Putin. Environmentalists and Latin American leftists have many more noble reasons to fear the growing power of the multinational and its deadly ambitions on the continent.