ExxonMobil has a lot of revenue, but mainly because it has a huge number of people producing a huge amount of product for a huge number of people. Despite nearly 300 billion in revenue, ExxonMobil's profits aren't as big as Google's or Microsoft's or even Facebook's. (At under 7%, Exxon's profit margin is half of Starbucks, and one-sixth that of Facebook.)
In many respects, the American oil industry is the antithesis of "the global elite." It creates a product everyone uses, and provides well-paying jobs for people without college degrees. XOM's CEO, Darren Woods, isn't a billionaire Stanford grad. He's a Kansan that got his engineering degree at Texas A&M and worked his way up the ladder at the company. Exxon can't outsource production overseas, or transfer IP to Ireland, etc.
In many respects, the American oil industry is the antithesis of "the global elite." It creates a product everyone uses, and provides well-paying jobs for people without college degrees. XOM's CEO, Darren Woods, isn't a billionaire Stanford grad. He's a Kansan that got his engineering degree at Texas A&M and worked his way up the ladder at the company. Exxon can't outsource production overseas, or transfer IP to Ireland, etc.