...ExxonMobil is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil Company (Wikipedia.org). It was formed in November 1999 by the merger of two companies Exxon and Mobil. ExxonMobil is involved in oil and gas exploration, production, transportation and marketing in more than 200 countries and territories. Some of the major lines of business ExxonMobil is operating in is they manufacture basic petrochemicals, such as olefins, aromatics, and polyethylene and polypropylene plastics (Fundinguiverse.com). ExxonMobil supplies refined products and services to more than 40,000 service stations operating under the brand names Exxon, Mobil, and Esso (Fundingunivers.com). These products and services include fuels, lubricants, stores & marts, service stations and travel services (ExxonMobil.com). ExxonMobil has many employees and most of them are employed internationally. At the end of the year 2007, ExxonMobil’s worldwide workforce numbered nearly 81,000 employees. 37 percent were located within the United States and 63 percent internationally (ExxonMobil.com). Our team chose to do ExxonMobil because we were interested in the price of gas, and why it has kept going up. We wanted to find out how much revenue gas companies where making, and the cause of the increasing gas prices. Since ExxonMobil is the world's largest publicly traded international oil and gas company, we chose to do them. As we did our strategic analysis about them, we found...
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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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...| Risk and Control Analysis: | ExxonMobil Corporation | | Yuying Yang | 2012/12/8 | Introduction The following report is an overview of the risk and control analysis of ExxonMobil Corporation. Research on the topic has been carried out based on the comprehensive analysis of the whole corporation, including the upstream, downstream and chemical business. The report will cover some key aspects including: Background, mission, objectives and strategies of the company Risks including both industry and business risks that the company faces Specific area of risks and controls Background, mission, objectives and strategies ExxonMobil Corporation is world’s leading petroleum and petrochemical company which is formed in 1999 by the merger of two major oil companies Exxon and Mobil. As the world's largest company by revenue and one of the largest publicly traded companies by market capitalization in the world (Wikipedia, 2012), ExxonMobil has many world spread operating businesses, such as upstream which includes oil exploration, extraction, shipping and wholesale operations, downstream which includes marketing, refining, and retail operations and chemical division. In 2012, with rapid growth, ExxonMobil becomes number 1 in Forbes Global 2000 list. * Mission Exxon Mobil Corporation is committed to being the world's premier petroleum and petrochemical company (ExxonMobil, 2006). To accomplish this mission, not only the financial and operating objectives must be...
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...ExxonMobil and the Chad/Cameroon Pipeline A CEO of any multi-million dollar company is always left with ethical dilemmas that affect their profession. Most of these ethical dilemmas always center on employees, personal beliefs and environmental issues. In this case CEO Lee Raymond of ExxonMobil, was faced with the decision of building a pipeline in Chad and Cameroon. Until a Certain point in time, the pipeline was a shared interest among Shell and TotalFinaElf. However both the companies have backed from the project, due to future economical issues. Although on paper it seems that both companies were doing the best for the environment, but it was an environmental risk that these companies were facing. If such environmental risk was to take place the company could face up to billions in lawsuits. The CEO Lee Raymond was faced with the decision of whether building the pipeline would be ethical or not. Other than environmental factors, there were many other issues standing in his way. For example the lively hood of the people in Chad and Cameroon will be affected, as well as the indigenous people of Cameroon. Nearly 64 villages and their citizens will be affected by the construction of the pipeline. However the biggest dilemma that Lee Raymond faces is that if not ExxonMobil, than another company will continue with the project. There are many ethical issues surrounding the construction of the pipeline, such as corrupt politicians, the environment and the people. Developing...
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...ExxonMobil 2011 Financial Statement Analysis and Assessment Shepherd University Abstract ExxonMobil Corporation is one of the World’s largest companies by both gross revenue and net income. Total revenue finished at $486.4 billion for 2011 and net income was $41 billion, increases of $103.2 billion and $10.6 billion respectively. ExxonMobil continues to see solid returns in both their Upstream and Downstream business areas; while the Chemical business area after a major earnings increase in 2010 saw their earnings drop slightly in 2011. My financial assessment, review and analysis of ExxonMobil’s 2011 financial statements and 10K follows; focusing on profitability ratios as well as current business operations. ExxonMobil 2011 Financial Statement Analysis and Assessment ExxonMobil employs a business model “focused on achieving excellence in our daily operations, generating superior cash flow, and creating long-term shareholder value”, as stated in Mr. Tillerson’s opening remarks of the ExxonMobil 2011 Financial and Operating Review. This business model is supported by the following fundamental elements; operate in a safe and environmentally responsible manner, uphold high standards, attract and retain exceptional people and maintain financial strength. Exxon’s 10K provides details of the overall financial health of ExxonMobil, as well as a view into the future outlook of the company. Business Areas: The Upstream business area includes exploration, development...
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...irreversible catastrophic impact will happen. By leaving out the risks and potential environmental damages involved in their carbon asset risk reports to the public and shareholders, ExxonMobil has made it much more difficult for us to estimate how far ahead of us is "the cliff", so one would slowly hit the brake. Corporations and their marketing departments are very experienced at getting inside the minds of consumers and use that as an advantage to increase profits. Imagine the world's biggest and most powerful oil company launching its new TV ad promoting natural gas development and its name brand by claiming "natural gas is one of the world's cleanest fuels"(Brand Republic). The ad definitely seems to be convincing and valid, thus, luring consumers into choosing natural gas instead of other energy alternatives. Many adults are more inclined to buy eco-friendly product even if they would pay more for them .That’s the reaction ExxonMobil seeks: the thoughts of doing something good in connection with environment, and human rights, etc. However, is this really is the whole truth? There are raised questions whether or not the ad's claim is just an overstatement or possibly straight wrong and misleading. The ASA agreed and decided to ban ExxonMobil's ad for such reason. However, the damages are done: ExxonMobil had put the idea of natural gas being a “clean”...
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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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...Compliance Audit Report Public Version ExxonMobil Corporation-Baton Rouge NERC ID # NCR00128 Confidential Information (including Privileged and Critical Energy Infrastructure Information) – Has Been Removed Date of Audit: July 17-19, 2012 Date of Report: August 11, 2012 Confidential information (including Privileged and Critical Energy Infrastructure Information) – Has Been Removed TABLE OF CONTENTS Executive Summary ........................................................................................................ 3 Audit Process .................................................................................................................. 3 Objectives ................................................................................................................................................ 3 Scope ....................................................................................................................................................... 4 Confidentiality and Conflict of Interest ................................................................................................ 4 Methodology............................................................................................................................................ 4 Company Profile ..................................................................................................................................... 5 Audit Participants ...............................................
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...Why do organization bring in outside consultant to manage the organizational change process ? Change management is essential for organizational development in dynamic environment. Any change is likely to be resisted by the employees, if their confidence in the organizational system evaporate. The role of external change agent is to establish the faith and confidence of the employees on the organizational management system, as a first step. Effective change management depends on absorptive capacity of the organization and adaptive skill of the employees. The same may be assessed and suitable measures may be suggested by the external change agent. Further organizational architecture and agility are important factors in quick decision making and adaptation to change. The external change management agent may study and suggest the suitable measures for improvement. Introduction to change management Change is only permanent feature of our life. Life of individuals and organizations are evolving ever since their creation. Modern companies are in a state of cultural change. From working more or less alone to solving specific tasks, we are now required to work in an interdependent way. Teamwork is vital. These changes require that we change what we expect from the co workers. We have to change the values we highly believe. Values like awareness, teamwork, tolerance, responsibility and information are paramount - just as flexibility and change readiness. Team work make in imperative...
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... 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 and most profitable of the Western “supermajor” oil companies (ExxonMobil: Oozing Success). In 1999, when Exxon and Mobil merged...
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...By: Nicole Suarez Panther ID # 1101809 1.0 Introduction ExxonMobil Corporation and its affiliated companies operate in the United States and most other countries. Headquartered in Irvine, TX, ExxonMobil was formed following the merger of Mobil and Exxon. It is the world’s largest publicly traded international Oil and Gas Company. They hold an industry-leading inventory of global oil and gas resources. They are the world’s largest refiner and marketer of petroleum products, and their chemical company ranks among the world’s largest. They are also a technology company, applying science and innovation to find better, safer and cleaner ways to deliver the energy the world needs. The company has more than 82,000 employees across the world. ExxonMobil’s stock is publicly traded on the New York Stock Exchange (NYSE) under the symbol “XOM.” This report provides a quarterly trend analysis for ExxonMobil for fiscal year 2011. Financial information was obtained from the company’s website by examining the 10-Q SEC filings for Quarters 1 through 3 and the 10-K SEC filing for Quarter 4. Additional financial information was also found on Yahoo! Finance, MSN Money and Bloomberg. Main areas of focus are liquidity, asset utilization, profitability, debt utilization and market values. 2.0 Financial Ratio Calculation and Analysis The following table represents the liquidity ratios for ExxonMobil for FY 2011: Liquidity Ratios | Q1 | Q2 | Q3 | Q4 | Annual | Current...
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...ExxonMobil practices a number of cultures which can be described as: Learning on the job in an informal open-door culture Instead of sitting behind the office training room, ExxonMobil requires their new employees get straight down to work. Basing decisions on Facts & figures At ExxonMobil, everything they do needs to be quantified and nothing is done based on a hunch or feeling. International environment ExxonMobil is active all over the world and has countless international affiliates, where you could be assigned. Results Oriented At regular intervals, you will meet with your supervisor to discuss your responsibilities and your performance. Career development & Training Special attention goes to the development & training of their people. Being a team-player Staff have to learn with and from each other. There is no room here for mavericks. Taking initiative & rising to the challenge At ExxonMobil, it is a real career. They will provide the opportunities…it’s up to individuals to step up, take initiative & rise to the challenge! http://www.esso.be/Benelux-English/careers_experienced_fit_culture.aspx How does the management or organization chart of the company works? ExxonMobil change their policy and physical state of the organization according to the demand of the time from merger and adoption. There is well communication connection across the organizations (http://www.ukessays.co.uk/essays/management/the-exxonmobil-corporation...
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...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 alcohol as chemical petrochemical and artificial rubber that is used still day for tires, surgical tape and coating (ExxonMobil 1). Not until November 30, 2011 Exxon merged with Mobil to form Exxon Mobil Corporation (ExxonMobil 1). There are three segments that Exxon operates through; upstream, downstream and chemicals (Company Profile 4). Each segment specializes in certain operations...
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...Labor Laws and Unions This paper will include the background of the ExxonMobil Company. It will identify legal issues and obstacles that could be broken and will provide recommendations to minimize possible litigation. It will discuss its union policies and any benefits the employees may gain by joining and whether or not the union bargains; and if so, the effects it may have on the organization. ExxonMobil was formed in 1999 by a merger between Exxon and Mobil. It is a major United States producer of domestic oil production and is also involved in domestic petrochemicals and chemicals operations. They are strong competitors in the oil and gas industry with such rivals as Royal Dutch Shell and BP America. Over the years they have stayed committed to their explorations and development in the industry. In 2011 they achieved strong earnings and generated huge returns for their shareholders. According to the company, “ExxonMobil’s results for the third quarter of 2011 reflected a continued commitment to operational integrity, disciplined investing and superior project execution.” (Business Monitor International, 2012) ExxonMobil faces legal issues that include environmental, discrimination, and human rights issues. Some of the environmental issues include the possibility of oil spills and allowing pollutants to escape into the air, which can affect global warming. Because of these issues ExxonMobil has been criticized by a well-known environmental lobby group called...
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...ExxonMobil Case Study ExxonMobil Corporation, the parent of Esso, Mobil and ExxonMobil companies, offers a wide range of products and services. The corporation provides a full product cycle, starting with geological exploration of John D. Rockefeller and ending with delivering oil-related products to corporate and individual consumers. The three principal markets Exxon Mobil Corporation serves are fuels, lubricants and specialties, and petrochemicals. With regard to the corporation’s fuel products and services, it delivers them using the business-to-business model across three key segments, Industrial and Wholesale, Aviation, and Marine. Exxon’s main business is discovering, producing, and selling oil and natural gas all over the world. By association with the Standard Oil Trust, in 1890 Congress passed the Sherman Antitrust Act to outlaw its monopoly. This Act allowed Exxon to merge in 1972 with Mobil to form Exxon Mobil. The story of ExxonMobil illustrates the importance of interactions between one large cooperation, governments, and society. Exxon Mobil as a current cooperation has transcended from a miniature pawn in Rockefeller’s industry into one of the top suppliers in the worlds industry of oil. Although Rockefeller’s influence is buried in the passage of time, ExxonMobil’s actions remain consistent with his nature except for his philanthropy. The emphasis on cost control, efficiency, centralized organization, and suppression of competitors still occurs but to a certain...
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