Company Analysis Exxon Oil Company - 1370 Words

Exxon Oil Company was established on January 1, 1973, in the United States as a result of a merger between Esso, Enco, and Humble oil companies. These three companies were held under Standard Oil of New Jersey, which was John Rockefeller’s company that dissolved during the 1911 Standard Oil Antitrust Settlement. On November 30, 1999, Exxon and Mobil merged to form the Exxon Mobil Corporation. At the time of the merger CEOs Lee Raymond and Lou Noto (1999) proclaimed, â€Å"This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive.† (Exxon Mobil, 2014). Today Exxon Mobile is engaged in exploration, production, refining and marketing of oil and natural gas. The company’s headquarters are located in Irving, Texas and has a total of 75,000 employees globally, operating with a major presence in North America and Europe. In addition the company has an annual revenue of $420,868,000,000 and $32,580,000,000 in net profits (FY13), their NYSE:XOM is totaled at $95.82. (Exxon Mobil, 2014). However, due to new economic threats, oil, an inelastic commodity, may soon become elastic. This paper will discuss some of the economic threats hindering the oil companies, such as Exxon, and reveal the economic factors that are helping insulate the oil industry from those threats. Exxon Mobil and other oil industries are known as an oligopoly. â€Å"An Oligopoly is an industry dominated be a few firms thatShow MoreRelatedExecutive Summary. Current Profile. Exxon Mobil Is A Business960 Words   |  4 PagesProfile Exxon Mobil is a business that believes in a diverse workforce. The company believes in investing in its employees so the company can retain its workforce. Exxon Mobil also wants to provide its consumers with an energy source that lowers the global warming effects and the company can achieve just that by continuously investing in research and development. Future Profile Exxon Mobil has a research and development department that is evolving its technologies to stay competitive. The company is continuallyRead MoreEssay about Exxonmobil Study1654 Words   |  7 PagesExxon Mobil †¢ Multinacional americana †¢ ExxonMobil is the largest non-government owned company in the energy industry and produces about 3 percent of the worlds oil and about 2 percent of the worlds energy †¢ Resultado de la fusià ³n de Exxon y Mobil en 1998, en un acuerdo de US$ 73.7 billones †¢ Ambas empresas son descendentes de histà ³rica Standard Oil, fundada en 1870 por John D. Rockefeller †¢ Marcas: o Exxon o Mobil o Esso †¢ Casa Matriz: IrvingRead MoreMobil Corporation : Petroleum And Natural Gas Exploration Essay1668 Words   |  7 PagesBackground Exxon Mobil Corporation is one of the largest international petroleum and natural gas exploration/production companies in the world. The main focus of the company is energy, involving the exploration and production of crude oil/natural gas, manufacturing of petroleum products and the transportation/sales of these said products. The company includes hundreds of affiliates which divides its business units into three main areas; upstream, downstream and chemical. The upstream sectionRead MoreExxon Mobil1642 Words   |  7 PagesCompany Description Exxon mobile also know as Xom in the New York Stock Exchange is on of the largest producers of fossil fuels. Exxon engages in oil and gas exploration, production, supply, transportation and marketing in a global economy (Bloomberg). They hold over 13 billion barrels of oil in reserve. Exxon also has thirty eight refineries spread over 21 countries (Annual Report). The company also has a thought put capacity of 6.3 million barrels of oil daily. Target Market Exxon has a huge targetRead MoreA Brief Note On The American Multinational Oil And Gas Corporation Essay1193 Words   |  5 Pagesmultinational oil and gas corporation main office in Texas, United States. Founded by John D. Rockefeller s Standard Oil company, and was formed on November 1999, by the merger of Exxon and Mobil (formerly Standard Oil of New Jersey and Standard Oil of New York), and Now ExxonMobil is the largest refiner in the world. It is associated with Imperial Oil which operates in Canada. ExxonMobil is known as one of the world s largest companies by revenue, and the second largest publicly traded company by marketRead MoreFIN 370 Week 2 Industry Averages and Financial Ratios Paper Final Draft 1516 Words   |  7 Pagesreports determine the financial health of an organization. Solvent, efficiency, and profitability are compared by key financial indicators and ratios that measure several companies within the same industry. The publicly traded company chosen by Team A is ExxonMobil. â€Å"The largest publicly traded international oil and gas company in the world. ExxonMobil makes products that drive modern transportation, power cities, lubricate industry, and provide petrochemical building blocks that lead to thousandsRead MoreMerger Analysis Paper 1209 Words   |  5 PagesMerger Analysis Paper Exxon Mobil Corporation, formerly named Exxon Corporation, was incorporated in the State of New Jersey in 1882. On November 30, 1999, Mobil Corporation became a wholly-owned subsidiary of Exxon Corporation, and Exxon changed its name to ExxonMobil Corporation. ExxonMobil Corporation has several divisions and hundreds of affiliates, many with names that include ExxonMobil, Exxon, Esso or Mobil. ExxonMobil is the one of worlds largest integrated oil company. Exxon Mobil engagesRead MoreA Comparison of Exxon and Chevron1707 Words   |  7 PagesExecutive Summary Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit withinRead MoreCompetitive Analysis : Shell Company1683 Words   |  7 PagesCOMPETITIVE ANALYSIS Shell is the largest oil, gas, and energy company compared to Total, Exxon, Chevron, and BP. Shell is very competitive and innovative because they out-think their competition always change their strategy to be the best. Shell changed their name from Shell Oil Gas to Shell Energy to set them aside from the competition which was a brilliant move. Peter Voser, the Chief Executive Officer of Royal Dutch Shell stated, â€Å"We are delivering a strategy that others can’t easilyRead MoreEssay about The Significance of Ethics In Public Relations1442 Words   |  6 Pagesestablish certain goals and bounds that guide the work of PR practitioners. Public relations strategies are subordinate to this higher level strategy, which involves policy level decision making on the goals, alignments, and relationships of the company with stakeholders and other forces in the environment. Working in the context of the organization’s overall strategy, public relations practitioners must also develop separate campaign strategies that will enable them deliver public relations benefits