...more responsible to some extent, it would be wrong to claim that they are more ethical and moral. This is evident from often present manipulation of CSR actions and the fact that a lot of CSR rhetoric is geared towards advertisement purposes. As some companies devote more resources to the external communication of CSR practices, this creates an image that they are more responsible. In order to get the insight into the real role of CSR in the industry, a critical analysis of the CSR strategy of Exxon is presented below. Exxon is a major global oil multinationals that have significant influence on the oil industry and is a trend and standard setter. The concept of CSR itself is divided into two main spheres – macro and micro. Former deals with more global topics, mainly the company’s stance over the issue of climate change. Later is focused more on social aspects of the CSR, such as community development, relations with the governments etc. Exxon-Mobil Company Overview Exxon-Mobil is one of the world's largest companies and is currently ranked no.2 in the Fortune 500 global companies. The sheer size of the...
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...Management Planning MGT 330r6 May 2011 Management Planning Introduction Rockefeller and his associates founded Standard Oil Company in Ohio in the 1850’s. They purchased a three-quarter interest in Vacuum Oil Company, this was purchased in 1879. In 1966 Standard Oil changes its name to Mobil after Standard Oil celebrates 100 years being in business. In 1972 Jersey Standard changes its name to Exxon Corporation with the approval from Jersey Standard shareholders during a special meeting. In 1997 Mobil introduces speedpass an electronic system which activates the pumps and charges credit cards. In November 1999 Exxon and Mobil join to form Exxon Mobil Corporation. This merger is to enhance their ability to be more effective global competitors. Ethic, Legal and Social Responsibility The ethical responsibility at Exxon Mobil is to comply with all governmental laws, rules and regulations. The corporation has chosen to have the highest integrity. Exxon Mobil expects compliance with its standard of integrity throughout the corporation and they will not tolerate any employees who achieve results cost in violation of law or who deal unconscientiously. Exxon Mobil Corporation has been conducting business in a manner that would be compatible for our environment and economic needs, which they operate to protect the communities in the safety, security, and health. The commitment they have for the community has been documented in the safety, security, health, environmental and...
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...EXXON MOBIL: ENERGY GIANT CASE STUDY: EXXON MOBIL Amie Bratcher Columbia College Business 510 Professor Manzoor Chowdhury, Ph.D December 2013 Executive Summary ExxonMobil is an American multinational oil and gas corporation that is headquartered in Irving, Texas. On November 30, 1999, Exxon and Mobil merged to become ExxonMobil. ExxonMobil is the largest publicly traded petroleum and petrochemical enterprise in the world (www.exxonmobil.com). The main activities of ExxonMobil are exploration, production, transportation and sale of crude oil and natural gas as well as the manufacture, transportation and sale of petroleum products (www.corporatewatch.org). This analysis will discuss the history of ExxonMobil. The analysis will identify the market structure and production decisions of the company. It will attempt to determine consumer demand. Through the findings of consumer demand the analysis will also attempt to determine the behavior and pricing strategies of ExxonMobil. It will also provide an explanation of management decisions. And, an explanation of management approaches to opportunities along with threats from macroeconomic expectations and implications. The analysis will also identify ExxonMobil’s competitors. Some common examples of competition are; Royal Dutch Shell, BP, and Chevron. The analysis will further discuss how the decisions of each individual company may affect similar companies in the industry. HISTORY ExxonMobil is the biggest...
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...Exxon Mobil • Multinacional americana • ExxonMobil is the largest non-government owned company in the energy industry and produces about 3 percent of the world's oil and about 2 percent of the world's energy • Resultado de la fusión de Exxon y Mobil en 1998, en un acuerdo de US$ 73.7 billones • Ambas empresas son descendentes de histórica Standard Oil, fundada en 1870 por John D. Rockefeller • Marcas: o Exxon o Mobil o Esso • Casa Matriz: Irving, Texas • Divisiones: o Upstream (extracción) o Downstream (refinación) o Chemical o Salió del negocio de distribución en 2008 para enfocarse en los otros negocios. o Las estaciones de servicio siguen ocupando la marca. • Riesgos: o Poca preocupación a cerca de medio ambiente o No está clara su política sobre el cambio de clima. Ha opoyado organizaciones contra el protocolo de Kioto. o La lenta acción de la empresa en el episodio del filtración del petrolero Valdez en 1989, unos de los mayores accidentes del género en el mundo fue criticado duramente en todo el mundo Análisis de la Fusión Exxon had better return on assets (6.75%) and return on equity (14.57%) ratios (Mobil’s were 3.95% and 9.01% correspondingly). This situation represented Exxon’s better efficiency at using investment funds (shareholder’s equity) to generate earnings growth. Exxon was more stable and effective...
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...Exxon Mobil Corporation Introduction Exxon Mobil Corporation is a multinational oil and gas company that is based inAmerica. It’s a descendant at of the Rockefellers standard oil company and it was formed in1999 from the merger of the Exxon and Mobil companies. It’s headquartered in Irving, Texas.The company is one of the world’s largest publicly traded companies and has been ranked thenumber one or number two for the last five years. By the end of the year 2007 the company’sreserves stood at 72 million oil equivalent barrels while its production rates were expected to lastfor more than 14 years (Hrebiniak & William, 1984). The company has 37 oil refineries in more than 21 countries constituting a combineddaily refinery of approximately 66.3 million barrels. Exxon Mobil is recognized as the world’slargest refineries and this title has been associated with the former standard oil since the incorporation in the 1870s. In addition to that the company is largest of the six recognized oil supermajors. Exxon Mobil owns hundreds of other similar subsidiaries including the imperial oillimited in Canada and the sea river maritime which is a petroleum shipping company.Functionally the company is organized into several global operating categories including the 2. 2upstream, down stream, chemical Exxon Mobil global services company, XTO and finally theimperial oil (Neil,1974). Many organizations experiences a lot of stresses as well as difficulty when it comes tocoping with change and lack...
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...industry because some industries are more capital intensive than others. For example companies involved in oil exploration and refining require more capital as compared to those in food processing. This paper will compare and contrast the capital expenditures of Exxon Mobil and Chevron Corporation. Exxon Mobil Corporation and Chevron Corporation Exxon Mobil Corporation Exxon Mobil Corporation (EMC) is an American international gas and oil company with its headquarters in Texas, USA. Since Exxon Mobil is a public company, the company’s latest financial report is available is the US Securities Exchange Commission website and it is dated December, 31st, 2012. (Exxon Mobil., (2014). Annual Financial Report for the period ended 31st December, 2012.Retrieved from http://www.sec.gov/Archives/edgar/data/34088/000003408813000011/xom10k2012.htm). The following table summaries capital and exploration activities for Exxon Mobil for the last three years as published in the financial statements. In the oil industry, exploring, refining and processing petroleum products is referred to as upstream activities while marketing, distribution and selling cooking and refined fuel is called downstream activities. Exxon Mobil – Capital and Exploration Expenditure for the years 2010/11/12...
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...Exxon Mobil is the largest U.S. Company in the world and it participates in three very profitable industries: Mining/Crude-Oil industry, Petroleum Refining, and Chemicals. Exxon Mobil is a multinational oil and gas corporation. They have evolved over the past 125 years as a regional marketer of kerosene in the U.S. to the largest publicly traded petroleum and petrochemical enterprise in the world. Today Exxon Mobil operates in most of the world's countries and is best known by their familiar brand names: Exxon, Esso and Mobil. They make the products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods. Exxon Mobil was founded by John Rockefeller and his associates in 1870 originally named standard oil company. By 1882 Standard Oil Company was renamed Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). Standard Oil broke up into 34 unrelated companies after a U.S. Supreme Court ruling, including Jersey Standard, Socony, and Vacuum Oil. After 100 years in business the company went through yet another name change to Mobil Oil Corporation. In 1972 Jersey Standard becomes Exxon Corporation. In November 30, 1999, Exxon and Mobil join together to become Exxon Mobil Corporation. The merger increased their ability to be a more effective global competitor in the volatile economy and in an industry that is very competitive. In 2005 both Exxon...
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...Royal Dutch Shell Exxon Mobil Team #1: EXECUTIVE SUMMARY Exxon Mobil Corporation (ExxonMobil) is an oil and gas company. It is the world’s largest integrated oil company. The company carries out the exploration and production of oil and gas; refining, transportation and marketing of oil and natural gas; and manufacture and sale of petroleum products. ExxonMobil also has interests in petrochemicals and electricity generation facilities. The company operates through three reportable business segments, namely, Upstream, Downstream and Chemical. It offers products and services under various brands such as Exxon, Esso and Mobil. ExxonMobil has presence in Americas, Europe, Asia-Pacific, Australia and Africa. ExxonMobil is headquartered in Texas, the US. Royal Dutch Shell Plc commonly known as Shell is an independent company with its registered office located in London, UK and headquartered in The Hague, Netherlands operating in the oil and gas industry globally. It is the second largest oil company in the world. The operations of the company are divided into three main segments including: Downstream, Upstream and Projects and Technology. The Upstream segment combines activities involved in the search for and recovery, liquefaction and transportation of oils and natural gas and wind energy. The Downstream segment is engaged in the activities of manufacturing, distributing and marketing of chemicals and oil products. Finally, the Projects and Technology segment includes all the...
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...Exxon Mobil New Mexico Highland University Abstract Exxon Mobil participates in exploration, production, refining and marketing of oil and natural gases. The business by Exxon Mobil has a tremendous impact on the macro- environment. There are factors of macro-environment that affects by Exxon Mobil? The factors are socio-cultural, ethics and corporate social responsibility, political and legal, technology and economic. Exxon has an extraordinary and complex SWOT analysis. The SWOT analysis identifies the strengths, weakness, opportunities and threats of the company. ExxonMobil has grown since being in business for over 125 years. The company has great employee benefits and training, contributions to the economy and technology advances that can increase food shelf life. With all the safety precautions taken there are still conflicts that arise. The information gathered about Exxon will enlighten the public’s awareness and knowledge of the company. Company Overview Exxon Mobil has been around for more than 125 years (ExxonMobil 1). John D. Rockefeller had established The Standard Oil Corporation in 1870 (ExxonMobil 1). In 1879 The Standard Oil Corporation bought three- quarter interest in the Vacuum Oil Company for $200,000 as a lubricant pioneer (ExxonMobil 1). The Supreme Court divided Standard Oil into 34 unrelated companies, including Jersey Standard, Socony, and Vacuum Oil in 1911 (ExxonMobil 1). From 1919 to 2011 Exxon has created a number of inventions likes rubbing...
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...Concerns | | 10 | References | | 11 | Appendix | | Executive Summary The Exxon-Mobil merger of 1998 makes for an interesting Mergers & acquisitions discussion as one of the largest mergers in the history of Oil and Gas industry. The merger took place as the industry was undergoing a phase of rapid consolidation. Operational efficiency, oil reserves in emerging economies, constantly dipping oil prices and challenges in downstream operations were the defining factors of the landscape and drivers behind the merger. The success of the merger lies in the significant synergies derived , whether it be complementary asset locations, different competencies and stronghold over different geographical locations. The near term operating synergy was a whopping $2.8 billion. Risks however existed in terms of meeting anti-trust and regulatory concerns, retention of personnel and cultural differences. Exxon-Mobil post the merger would gain an exorbitant market share in key locations which would have a bearing on fair competition. This led to FTC handing out strict compliance requirements. However, with intense efforts by the leadership at these two companies, the merger has gone down in history as one of the very successful ones. Exxon capitalized on the marketing expertise of Mobil while continuing its core competency in exploration. The valuation multiples indicated that the price paid for Mobil was much below its intrinsic valuation, though it had been acquired at a premium....
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...Mergers and Acquisition: Exxon Mobil Merger Introduction Industry mergers or business combinations are a phenomenon that has been commonplace for quite some time now. They basically involve two or more organizations coming together to form a large corporate under which they operate. The new organization which may have a combination of the names of the merging components or a totally new name operates as a new entity. The new rule under which the new entity operates depends in the agreement on the terms of the merger. As stated in our advanced accounting text, the history of mergers can be traced back to the 1895 to 1905 period in the US when the small companies with small market shares combined forces to form larger entities that dominated the target markets. In this way their collective value accounted for 20% of the total GDP (Cartwright & Schoenberg, 2006, p 3). Since then mergers have remained a popular way of market consolidation and strengthening of the capital base of the various firms involved. The rise of globalization in the 1990s further increased the market for international mergers with firms located in different countries and continents coming together. These mergers have resulted in huge conglomerates across borders with multibillion dollar financial bases and thousands of international shareholders. This paper sets to discuss Exxon Mobil merger with special emphasis on...
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...COMPETITOR ANALYSIS Exxon Mobil’s leading competitors are Royal Dutch Shell, British Petroleum, Chevron and ConocoPhillips. 1. Royal Dutch Shell: (Shell) is an independent oil and gas company. Shell is engaged worldwide in the principal aspects of the oil and gas industry and also has interest in chemicals and other energy-related businesses. Similar to Exxon Mobil, Shell operates in three different segments: Upstream, Downstream and Corporate. 2. British Petroleum: (BP) is an international oil and gas company. BP operates its products in more than 80 countries, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products. The company operates in two segments: Exploration & Production and Refining & Marketing. 3. Chevron: Chevron Corporation manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries the engage in petroleum operations, chemical operation, mining operations, power generation and energy services. 4. ConocoPhillips: ConocoPhillips is an international, integrated energy company. The company operates in six segments: Exploration & Production, Midstream, Refining & Marketing, Investments, Chemicals, and Emerging Businesses. Competitor 2011 Revenue Comparison In terms of revenue, ExxonMobil is the leader followed by Shell, BP, Chevron, and Conoco. Competitor 2011...
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...Project Management Exxon Mobil Oil Company Synopsis This paper focuses on the aspects of project management as far as the integral demands for the project management are concerned. Essentially, project management is geared towards achieving the solid goal of the organization which is merely dependent on the policy framework, production mechanisms and the overall performance of the operations manager. In this regard, this paper focuses on the main issue of operations of Exxon Mobil Oil Company which is a major player in the oil industry in US. This company has a well established supply chain which has been responsible for the maintenance of a market leadership for a long time. In fact, business operations at the company have been pegged on a number of project management essentials such as information technology in the management and manipulation of business data. In this regard, business activities at the company has been a practical lesson to majority of its feeder companies which are still struggling to realize a significant market potential as ExxonMobil in the long-run. Indeed, this paper therefore employs theoretical and practical understanding of the essentials of business model assumed by the oil and gas company towards developing proficient business activities in the industry and the globe at large. Background Exxon Mobil Corporation is a multinational Oil and Gas Company based in America and headquartered in The Irving region of Texas, US. This company is the...
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...Exxon Mobil External Analysis By: Travis Smith, James McKiernan, Tom Johnson, and Peter Ackley Analysis of the industry This industry is controlled by several large corporations, and many smaller organizations. It is difficult to enter into this market because of the high entry barriers. There are many small exploration companies that contract out to the big players of this industry such as ExxonMobil and the members of the strategic group. Some small exploration companies are Continental Energy Corporation, Atlantic Petroleum, and Anadarko Petroleum Corporation. Anadarko Petroleum Corporation works hand in hand with Beyond Petroleum, and was indirectly involved with the oil spill in the Gulf of Mexico. The members of Exxon’s strategic group consist of Beyond Petroleum, Conoco Phillips, and Chevron. These members are a part of the strategic group because they explore, produce, refine and market oil and gas. A reason why we didn’t pick Royal Dutch Shell is because we found that they have a joint venture with Exxon Mobil. With the recent hunches of more regulation in the oil industry, these corporations are investing in natural gas companies. In order for these companies to remain competitive they need to always be innovative and creative. This is another reason why we picked these three members as a part of the strategic group. Conoco Phillips is the smallest one in the strategic group bringing in only $16.99 million in net income at the end of 2008 (ConocoPhillips, 2008)...
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...MGT 521 University of Phoenix Analyzing the balance sheets for Exxon Mobil is telling of where an organization is going in the future, or even where an organization has come from. The following numbers are taking from Forbes.com and are a comparison of three organizations; Exxon Mobil, Chevron, and Valero. They cover the period from March 2011 to December 2011. During 2011, ExxonMobil saw an increase in operating revenue/revenue sales, adjustment to revenue, and cost of sales. They have also seen an increase in accounts receivable but saw a dip in total current assets. Exxon Mobil Corporation is currently rated as having Aggressive Accounting & Governance Risk (AGR). This places them in the 31st percentile among all companies, indicating higher Accounting & Governance Risk (AGR) than 69% of companies. AGR scores are based on statistical analysis of accounting and governance risk factors. Lower scores indicate scores indicate heighten cooperate integrity risk. That normally indicates the likelihood of future class action litigation. High scores by Exxon Mobil indicate that the organization is trustworthy. This is especially important for Exxon Mobil because it wasn’t want to long ago the organization was reeling from the Exxon Valdez oil spill. The organization continues to make a profit and also continues to find ways to help the environment through some stakeholders (Forbes.com 2012). Exxon Mobil has researched liquid fuels and oil will continue to be the world’s...
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