Exxon Enterprises

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) An editor has performed a search and found that sufficient sources exist to establish the subject's notability. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Exxon Enterprises" – news · newspapers · books · scholar · JSTOR (October 2024) (Learn how and when to remove this message) This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Exxon Enterprises" – news · newspapers · books · scholar · JSTOR (October 2024) (Learn how and when to remove this message) (Learn how and when to remove this message)

Exxon Enterprises was formed by Exxon Corporation in 1964, as a wholly-owned affiliate, for the purpose of diversification - creating and investing in new businesses outside the petroleum and chemical industries. It was initially headed by Eugene ("Gene") McBrayer, President, and Hollister ("Ben") Sykes, Senior Vice President.

By 1978, Exxon's chairman, Clifton C. Garvin, had "... earmarked $1 Billion for non-oil related capital spending through 1980."^[1]