ExxonMobil has given $929,091 to The University of Texas at Austin as a three-to-one match of gifts made by the company's employees and retirees in the past year.
A majority of the donation benefits programs in business, engineering and geosciences, reflecting the primary academic background of ExxonMobil's personnel. The company matches higher education gifts three-to-one for academic programs and one-to-one for cultural programs.
"This support means a great deal to us," said Rick Eason, the university's vice president for development. "All the more so because it shines a light on the great generosity shown by ExxonMobil's employees and retirees."
With total cumulative giving to the university of $38 million, ExxonMobil is the university's most generous corporate partner. The company has also made $7.7 million in research grants. Rex Tillerson, ExxonMobil's chairman and chief executive officer, graduated in 1975 with a bachelor's degree in civil engineering from The University of Texas at Austin, and many other executives and employees are alumni of the university.
Headquartered in Irving, Texas, ExxonMobil is a leading international energy company whose subsidiaries have operations in about 150 countries and territories.