Free Essay

Exxon (First Draft Overview)

In: Business and Management

Submitted By smithbr2879
Words 5395
Pages 22
Exxon Mobil is one of the most successful businesses in the history of the United States. Though it did not start as Exxon, but evolved through splitting and joining of oil companies, it has always been a strong competitor in the field of oil sales. Exxon is now one of the top companies in the world, and has its eye on growth. According to Fortune 500 Exxon is the second largest company in the world, and though it is not the number one largest, it is the most profitable. In 2011 Exxon’s profits topped $30 billion, a whopping 58% jump.
In 1870 a man named John D. Rockefeller founded a company called Standard Oil Company and by 1878 it controlled 95% of the US refining capacity.
By 1911 the Supreme Court of the United States[->0] ruled that Standard Oil must be dissolved and split into 34 different companies. Two of these companies were Jersey Standard[->1], which eventually became Exxon, and Socony[->2] which eventually became Mobil. [5]
Both companies grew significantly over the next few decades. In 1931, Socony merged with Vacuum Oil Co.[->3], an industry pioneer dating back to 1866. In 1966, Socony-Vacuum changed its name to ‘Mobil Oil Corporation’. A decade later, the newly incorporated Mobil Corporation absorbed Mobil Oil as a wholly owned subsidiary[->4]. Jersey Standard, led by Walter C. Teagle[->5], became the largest oil producer in the world. Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. [5]
During this time of separation, the oil sold by the companies that were originally founded by Mr. Rockefeller was used for many different famous projects such as; The Wright brothers used both Jersey Standard fuel and Mobil oil (Vacuum) lubricants for their historic first flight at Kitty Hawk, North Carolina. Amelia Earhart used Mobil oil to protect Friendship when she made her historic solo flight across the Atlantic, and Standard Oil lubricated Thomas Edison's first central generating system. Mobil also introduced ‘Speedpass’, an electronic system which automatically activates the pump and charges purchases to a credit card. [7]
In 1998, Exxon and Mobil signed a US$73.7 billion definitive agreement to merge and form a new company called Exxon Mobil Corporation, the largest company on the planet. The merger of Exxon and Mobil was unique in American history[->6] because it reunited the two largest companies of John D. Rockefeller[->7]'s Standard Oil[->8] trust, Standard Oil Company of New Jersey/Exxon and Standard Oil Company of New York/Mobil, which had been forcibly separated by government order nearly a century earlier. This reunion resulted in the largest merger in US corporate history. [5]
In 2005, ExxonMobil's stock price[->9] surged in parallel with rising oil prices[->10], surpassing General Electric[->11] as the largest corporation in the world in terms of market capitalization[->12]. At the end of 2005, it reported record profits of US $36 billion in annual income, up 42% from the previous year (the overall annual income was an all-time record for annual income by any business, and included $10 billion in the third quarter alone, also an all-time record income for a single quarter by any business). [8]
ExxonMobil is the largest of the six oil super majors[->13] with daily production of 3.921 million BOE (barrels of oil equivalent[->14]). In 2008, this was approximately 3% of world production, which is less than several of the largest state-owned petroleum companies. [9]When ranked by oil and gas reserves it is 14th in the world.[4] 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. ExxonMobil is one of the largest publicly traded companies by market capitalization[->15] in the world, having been ranked either No. 1 or No. 2 for the past 5 years, and is the largest company in the world by market revenue[->16].[3] In 2007, ExxonMobil had a financial increase largely due to escalating oil prices as their actual oil equivalent production decreased by 1%, in part due to expropriation of their Venezuelan[->17] assets by the Chavez[->18] government.
Though Exxon has been a very successful company, there have also been some setbacks for them. In 1989 one of their oil tankers was bound for Long Beach[->19], California and struck Prince William Sound[->20]'s Bligh Reef[->21] while trying to avoid hitting ice. The impact caused the tanker to spill thousands of barrels of crude oil[->22] into the Pacific Ocean. It is considered to be one of the most devastating human-caused environmental disasters[->23]. The Valdez spill was the largest ever in U.S. waters until the 2010 Deepwater Horizon[->24] oil spill[->25], in terms of volume released. However, Prince William Sound's remote location, accessible only by helicopter, plane, and boat, made government and industry response efforts difficult and severely taxed existing plans for response. The oil, originally extracted at the Prudhoe Bay oil field[->26], eventually covered 1,300 miles of coastline, and 11,000 square miles of ocean. [2]
This was a setback for Exxon, however they took care of it, and repaired that mistake the best they could.

The main activities of the ExxonMobil Group are exploration, production, transportation and sale of crude oil and natural gas[->27] as well as the manufacture, transportation and sale of petroleum products[->28]. [1] The group also manufactures and markets petrochemicals and participates in coal and minerals mining, and electric power generation[->29]. Exxon currently employs approximately 103,700 employees.

Ethics and Social Responsibility
Code of Ethics- Exxon code of ethics is that they believe that an unwavering commitment to high ethical standards and business integrity is critical to their competitive advantage and shareholder values. Exxon expects their employees to integrate their commitment to ethical behaviors into their activities and decision making, including complying with all applicable laws and recording all transactions accurately in their books and records. At Exxon employees are required to annually confirm they have read the policies set forth in their Standards of Business Conduct. Exxon also provides detailed training on their ethics policies to all employees every four years. They also have regular training which is provided on international trade laws applicable to their business, including the anti-trust and competition laws of the United States and other countries where they do business.

Bribery and corruption.
ExxonMobil’s Anti-Corruption Legal Compliance Summary lays out polices that govern their commitment to compliance with the U.S. Foreign Practices Act (FCPA) and global anti-corruption conventions in all business relationships. Exxon formal anti-corruption law training program includes annual training for employees in sensitive positions who might engage with government officials in countries reputed to be at high risk for corruption. According to Exxon over 7000 employees received this focused training in 2009. Every four years, all employees worldwide are required to attend a half-day Business Practices Review, which includes anti-corruption training. Internal audits.
Their internal auditors conduct comprehensive audits of one-third of their corporate operating units and business activities each year. Approximately 240 trained internal auditors have unrestricted access to facilities, business units, personnel and records and are empowered to investigate all potential noncompliance with the standards and anti-corruption laws.
Reporting and investigating suspected violations
They have a 24 hour hotline phone number and mailing address, to report suspected violations of company polices. A Hotline Steering Committee comprising security, audit, law and human resources personnel handles suspected violations and provides a report to the Audit Committee on a quarterly basis.
Exxon bases their success not just on the results obtained, but how they are obtained. Integrity plays a large role in good ethics. Employees are encouraged to reject/avoid any opportunity that could put the corporation in violation of the law. Results obtained from “ill-mannered” operations by employees are not tolerated by Exxon's code of ethics. Honesty plays another role in ethics; without honest evaluations of projects, honest book keeping and decision making the company will not succeed.
Commitment to Social Responsibility
The award in social Responsibility was presented for the NightWatch program, which developed by Malaria No More in collaboration with ExxonMobil and the Lalela Project. Through the program, Africa’s most popular celebrity voices remind communities about bed net use, broadcasting on TV, radio and via text message at 9 p.m. when mosquitos take flight. More than 20 of Africa’s best known musicians, community leaders and athletes have participated, reaching more than nine million people in participating countries. The NightWatch program was piloted in Senegal and Tanzania in 2010 and is now underway in Cameroon and Chad ;including initiatives that improve the teaching and learning of engineering, technology, math and science[->30], and the company’s support for organizations that seek to improve career opportunities for minorities and women[->31].

ExxonMobil Honored for Commitment to Education and Corporate Social Responsibility
· Institute of International Education presents ExxonMobil with Opening Minds Corporate Leadership Award
· Award recognizes initiatives to support education and improved career opportunities for minorities and women
· ExxonMobil and the Institute of International Education offer scholarships to international students
“Through its programs, initiatives and partnerships, ExxonMobil demonstrates a long-standing commitment to promoting academic excellence,” said Allan E. Goodman, president and chief executive officer of the institute. “ExxonMobil is committed to developing future leaders who will tackle pressing international issues and strengthen their communities around the world.”

By using it's success to allow underprivileged students from other ethnics the opportunity to further their education through scholarships and grants they are building a few for others who could be candidates for employment at their corporation and multiple others. Social Opportunities are are very important due to influence through generous actions on the general public; these actions show pride and dedication to a growing future.

Environmental Issues and Challenges- Environmental Performance
As one of the leading petroleum and natural gas companies, ExxonMobil takes our environmental responsibilities very seriously. The Deepwater Horizon incident was a tragic event that reminded our entire industry of the need to be ever-vigilant in the areas of safety and environmental protection.
To produce energy responsibly, we must understand and actively manage environmental risks and relentlessly focus on operational excellence, reducing spills, managing water and protecting biodiversity.
Assessing our Surroundings
Delivering superior environmental performance starts with planning. For new projects, risk-based Environmental, Socioeconomic, and Health Impact Assessments (ESHIAs) are conducted to review community concerns, sensitive environmental habitats, land use, air quality, water management, waste management, biodiversity, noise, public health, and future regulatory developments. The ESHIA process requires engagement with key stakeholders throughout the project’s life cycle. The results, which include opportunities for avoiding, reducing, and mitigating potentially negative impacts as well as enhancing project benefits, are integrated into project evaluation, planning, and decision making.

Designing Our Facilities and Operations
ExxonMobil integrates environmental concerns and regulatory requirements early in the project design process, as part of the ExxonMobil Capital Projects Management System (EMCAPS). Potential risks are analyzed for avoidance and reduction options, and practical alternatives are included from the start. We comply with all applicable host-country regulatory requirements and, where there are none, we perform to standards that are protective of the environment.
Project Environmental Standards include:
· Air emissions (sulfur dioxide (SO2), volatile organic compounds (VOCs), and particulate matter);
· Nitrogen oxides (NOx) emissions;
· Drill cuttings discharge, water management, waste management, and land use;
· Flare and venting;
· Energy efficiency and greenhouse gases (GHGs);
· Marine geophysical operations; and,
Socioeconomic Impacts.
Through the Expectations for Project Environmental Standards initiative, these Standards are being implemented across all upstream companies. To date, the Standards for drill cuttings discharge, flare and vent reduction, and energy efficiency and GHGs have been adopted by all upstream companies.

Operating with Integrity
Operations Integrity Management System (OIMS) outlines our approach to communicating expectations, measuring progress, and striving to improve environmental performance. Our Environment Policy encourages concern and respect for the environment and emphasizes every employee’s responsibility for environmental performance.

Restoring the Environment
Remediation and restoration activities reduce our overall environmental impact. We have improved ExxonMobil’s remediation results through a globally consistent approach.

Exxon is dedicated to conducting business in a manner that protects and promotes the safety and health of our employees, those involved with our operations, and the communities where we work. The expectations to bring vital energy supplies to the market while reducing environmental impacts continues to grow and ExxonMobil is committed to operating in a way that protects the environment. Exxon is committed to spill prevention upon multiple other issues. Operating efficiently, while protecting the environment is a big factor in ExxonMobil's success.

Level of Corporate Citizenship and Community Involvement As we invest in communities, we pursue long-term projects with strategic goals that are aligned with global and social priorities as well as our business strengths. We seek to have a more meaningful impact by focusing the majority of our spending on significant challenges in the regions where we operate.
By balancing the influence of money between communities where business is established and running well and locations where progress may be a bit more challenging allows the company to achieve higher goals while maintaining the success they already withhold.

Human Resources
Size (Number of Employees)/Organizational Chart Career Opportunities/Recruitment Processes
ExxonMobil is a dynamic, exciting place to work. We hire exceptional people, and every one of them is empowered to think independently, take initiative and be innovative. We invite you to explore the world of opportunities waiting for you.

Selection Processes Compensation/Benefits
We take our benefit plan commitments seriously. The funding levels of all qualified pension plans are in compliance with standards set by applicable law or regulation. All defined benefit pension obligations are fully supported by the financial strength of the Corporation or the respective sponsoring affiliate. In the United States, we have adopted the definition of spouse used in federal law, which provides benefits to heterosexual couples. Employees in countries where national law recognizes same-sex relationships are provided spousal benefits under the ExxonMobil programs. We provide all employees with a competitive package of benefits and programs, which varies based on the legal requirements and culture of countries. Benefit coverage for spouses is based on legally recognized spousal relationships in the individual countries where we operate.
Training and Development
During the annual performance assessment and development process, all employees have a structured, documented discussion with their supervisors about work goals, training objectives, and development needs. This process provides the basis for ongoing employee coaching and continuous performance improvement. Employees are actively developed throughout the course of their careers with training, mentoring, and opportunities to join professional networks.
Through a diverse hiring and unique training processes this corporation has slowly began to pave their way to success. Employees are encouraged to excel throughout their careers and given multiple opportunities to advance to the the next level through admission into process professional networks. Incentives and benefits take care of employee needs all the way through multiple choices of spousal benefits. Job Incentives and good training are two key factors in employee honesty, integrity, and loyalty. Union/Non‐Union
Do Not Have Selection Process and Union/NonUnion completed yet, will work on.

ExxonMobil is divided into three divisions, Upstream, Downstream, and Chemical. The Upstream division is comprised of five ExxonMobil companies; Exploration, Development, Production, Gas and Power Marketing, and Upstream Research.10 Downstream is comprised of four companies; Refining and Supply, Fuels Marketing, Lubricants and Specialties and Research and Engineering11. ExxonMobil Chemical is one sole division dedicated to petrochemicals12.
The Upstream and Downstream divisions market penetration growth strategies, however since the products themselves are standardized and petroleum consumption is ubiquitous there are no new markets to employ a market development strategy. In contrast, the Chemical division is able to use market development strategies and focus on new products the development of patented technology.
ExxonMobil’s resources and capabilities in Upstream, Downstream, and Chemical divisions are acquired through the skills and expertise of the employees dedicated to global integration, operational excellence and technological innovations for providing quality service and products to satisfy its consumers.
ExxonMobil’s products (oil, gas, chemical and other by-products) produced by ExxonMobil are marketed worldwide under the brand names Exxon, Esso and Mobil 1, and are used in a wide variety of industries by wholesale and retail customers. In the oil & gas industry, companies retain customers through a guaranteed supply, contracts and reliable service, and a geographically diverse and well integrated sales and distribution network. In the retail business, the company retains the customers through competitive pricing and an expansive network of retail gas stations. In the chemical business, in which ExxonMobil is a leader, ExxonMobil retains the customer through high quality products, superior service and brand name. Mobil 1 is the world’s leading synthetic oil brand chosen by automobile manufacturers to provide performance beyond conventional motor oils. Mobil Delvac provides commercial grade oils to coolants for heavy=duty commercial vehicles. ExxonMobil marine lubricants and fuels serves consumers from passenger cruise liners, cargo vessels and ocean tankers. The ExxonMobil aviation product line offers high performance jet fuel, oils, hydraulic fluids, greases, and coolants.

Product Classification

Base stocks, Specialties & Asphalt § Largest global suppliers of base stock, wax, white oil, and asphalt (bitumen).

Quality Gasoline, Diesel Fuels and Lubricants – Mobil 1 & Mobil Delvac § Exxon and Mobil branded gasolines meet TOP TIER Detergent Gasoline standards. § Diesel fuels are blended to provide good ignition quality and are held to high quality standards for our customers. Their low-temperature fluidity characteristics can also help keep your vehicle moving in colder temperatures.

Marine Fuels and Lubricants - MobilGard § ExxonMobil Marine Fuels, a division of the Exxon Mobil Corporation, is a global leader in the supply of marine fuels. § ExxonMobil Marine Lubricants develop products that continually meet customer needs with a complete line of mineral and synthetic lubricants. ExxonMobil’s flagship product line for both two- and four-stroke diesel marine engines.

Aviation Fuels and Lubricants § ExxonMobil Aviation is the largest supplier of jet fuel in the world. § We offer the latest-generation synthetic turbine oils, hydraulic fluids and aviation greases for commercial aviation customers

Industrial Lubricants § leading-edge lubricants offering benefits beyond conventional mineral oils

The pricing of fuels, gasoline, diesel, kerosene and natural gas all follow a going-rate pricing strategy that is based on the supply-demand governed market price. ExxonMobil and other large oil industries do not control the consumer price.
The Organization of the Petroleum Exporting Countries (OPEC), an organization founded at a conference in Baghdad on September 10–14, 1960 The OPEC is the determining factor in the decision process of the pricing of petroleum. They believe their mission is to ensure market stability. One way this can be achieved is through agreement on each member country’s “production allocation.”
Fortunately, ExxonMobil is not a member of the OPEC. ExxonMobil invest in the case studies of a company called Strategic Pricing Associates (SPA). The straight line objective of SPA is to assist a company like ExxonMobil “… to build list prices using a market-sensitive approach focused on discounting only where it produces results.” (
Nonetheless, ExxonMobil’s promotional strategies of the past like “put a tiger in your tank,” are comparably different than in today’s market. New promotional strategies focus on the global capabilities and resources of the ExxonMobil Corporation despite soaring fuel prices. ExxonMobil wants it consumers to understand “…their values, their strengths and the dimensions that set them apart from competitors.” They want to “…re-establish the Exxon/Esso brand… RELIABILITY, through the values of quality and efficiency… and the promise of PERFORMANCE (” They are also working towards brand marketing for Esso and Mobil, and creating a common strategy, look, feel and new positioning of their brands. Otherwise known as the “path to persuasion,” they will be implementing a 3 phase plan.

Physical Movement of Goods & Services & Channels of Distribution
Crude oil must be moved from the production site to refineries and from refineries to consumers. These movements are made using a number of different modes of transportation. Crude oil and refined products are transported across the water in barges and tankers. On land crude oil and products are moved using pipelines, trucks, and trains.
Waterborne Transportation
§ Crude oil tankers are used to transport to refineries around the world. Product tankers carry refined products from refineries to terminals.
Storage Facilities
§ Crude oil and refined products are stored in tanks for shipment to other locations or processing into finished products
Oil Pipelines
§ Pipelines are the most efficient method to transport crude oil and refined products. Pipelines are used to move crude oil from the wellhead to gathering and processing facilities and from there to refineries and tanker loading facilities. Product pipelines ship gasoline, jet fuel, and diesel fuel from the refinery to local distribution facilities.
Trucks and Trains
§ Both truck and train transportation have evolved alongside the oil business, and they are still connected to oil, both as a fuel and as cargo for the distribution of fuel to retail and aviation.

Channels of Distribution

I have found limited or no information on the following topic to date.:
Branding, Packaging and Labeling
Use of Intermediaries
Personal Selling Strategies, Sale Promotion and Public Relations Strategies.
I will be elaborating more on the Upstream, Downstream and Chemical Divisions as well

Review of Annual Report ExxonMobil’s financial position remains unparalleled in the industry. Exxon-Mobil’s Upstream, Downstream, and Chemical businesses delivered excellent results for 2010 which reflects the strength of their proven business model. Three major Upstream projects were started as well as major expansion being under way at the Singapore petrochemical plant. The Chemical division recorded record earnings for 2010; cash flow from operations and asset sales was $51.7 billion; oil-equivalent production increased by 13 % from 2009 to 4.4 million barrels a day and they continued their industry-leading safety performance, achieving their best-ever lost-time incident rates in 2010. ExxonMobil distributed $19.7 billion to shareholders through dividends and share repurchases, contributing to a total shareholder return of 10%. ExxonMobil has a disciplined approach to capital investment to grow shareholder value. Strong returns for shareholders are consistently produced, over the past five years; they have distributed $154 billion to shareholders with dividends increasing by 53%.
Review of Financial Statement (all numbers in million Dollars) Between 2009 and 2010, ExxonMobil had a 26.82% reduction in cash; added $628 which was restricted for specific expenditures; increased accounts receivables by 16.78%; slightly increased inventory by 6.79% and purchased an additional $60,432 in property, plant and equipment. Overall, ExxonMobil increased their assets by $69,187 or 29.65% between December 31, 2009 and December 31, 2010. In that same time period, current liabilities for ExxonMobil increased by 20.31%; long-term debt increased by 32.38%, both contributing to an overall increase in liabilities of 27.05%. ExxonMobil reinvested $21,962, sold additional shares of common stock as well as selling off treasury stock in 2010. Overall, ExxonMobil’s liabilities and equity also increased by 29.65%. ExxonMobil increased their revenues from 2009 to 2010 by 23.39%. During that same time period crude oil and product purchases expense increased by 29.55%; depreciation expense increased by 23.86%; interest expense decreased by 52.74% and overall total costs and other deductions increased by 19.74%. The $60,432 of property, plant and equipment purchased is more than likely the reason for the increase in depreciation. However, I do not see anything on the Balance Sheet that explains the reduction in interest expense. A reduction in the percentage of interest paid on debt could be the reason but this would not show up on the Balance Sheet. Income before taxes increased by 52.28% from 2009 to 2010, this increase also caused a 42.61 increase in taxes paid. ExxonMobil had a large 148.15% increase in income from companies that they have ownership in but not enough to influence operations. Net income attributable to ExxonMobil increased by 57.99% in 2010.Consolidated Balance Sheet Period Ending|(millions of dollars)|||||% Change from||December 31, 2010||December 31, 2009|2009 to 2010|Assets|||||Current assets|||||§ Cash and cash equivalents|$7,825||$10,693|26.82%|§ Cash and cash equivalents - restricted|628||-|-|§ Marketable securities|2||169|-98.82%|§ Notes and accounts receivable, less estimated doubtful amounts|32,284||27,645|16.78%|Inventories|||||§ Crude oil, products and merchandise|9,852||8,718|13.01%|§ Materials and supplies|3,124||2,835|10.19%|Other current assets|5,269| |5,175|1.82%|§ Total current assets|$58,984||$55,235|6.79%|Investments, advances and long-term receivables|35,338||31,665|11.60%|Property, plant and equipment, at cost, less accumulated depreciation and depletion|199,548||139,116|43.44%|Other assets, including intangibles, net|8,640| |7,307|18.24%|Total assets|$302,510| |$233,323|29.65%|||||||||||Liabilities|||||Current liabilities|||||§ Notes and loans payable|$2,787||$2,476|12.56%|§ Accounts payable and accrued liabilities|50,034||41,275|21.22%|§ Income taxes payable|9,812| |8,310|18.07%|§ Total current liabilities|$62,633||$52,061|20.31%|Long-term debt|12,227||7,129|71.51%|Postretirement benefits reserve|19,367||17,942|7.94%|Deferred income tax liabilities|35,150||23,148|51.85%|Other long-term obligations|20,454| |17,651|15.88%|§ Total liabilities|$149,831| |$117,931|27.05%|||||||||||Commitments and contingencies||||||||||Equity|||||Common stock without par value|$9,371||$5,503|70.29%|(9,000 million shares authorized, 8,019 million shares issued)|||||Earnings reinvested|298,899||276,937|7.93%|Accumulated other comprehensive income|||||Cumulative foreign exchange translation adjustment|5,011||4,402|13.83%|Postretirement benefits reserves adjustment|(9,889)||(9,863)|0.26%|Unrealized gain/(loss) on cash flow hedges|55||-|-|Common stock held in treasury (3,040 million shares in 2010 and 3,292 million shares in 2009)|(156,608)| |(166,410)|-5.89%|ExxonMobil share of equity|$146,839||$110,569|32.80%|Non-controlling interests|5,840| |4,823|21.09%|Total equity|152,679| |115,392|32.31%|Total liabilities and equity|$302,510| |$233,323|29.65%|Condensed consolidated statement of income for 12 months ended:|(millions of dollars)|||||% Change from||December 31, 2010||December 31, 2009|2009 to 2010|Revenues and other income|||||§ Sales and other operating revenue, including sales-based taxes|$370,125||$301,500|22.76%|Income from equity affiliates|10,677||7,143|49.48%|§ Other Income|2,419||1,943|24.50%|§ Intercompany revenue|-| |-|-|Total revenues and other income|383,221| |310,586|23.39%|Costs and other deductions|||||§ Crude oil and product purchases|197,959||152,806|29.55%|§ Production and manufacturing expenses|35,792||33,027|8.37%|§ Selling, general and administrative expenses|14,683||14,735|-.35%|§ Depreciation and depletion|14,760||11,917|23.86%|§ Exploration and expenses, including dry holes|2,144||2,021|6.09%|§ Interest expense|259||548|-52.74%|§ Sales-based taxes|28,547||25,936|10.07%|§ Other taxes and duties|36,118| |34,819|3.73%|Total costs and other deductions|330,262| |275,809|19.74%|Income before income taxes|52,959||34,777|52.28%|§ Income taxes|21,561| |15,119|42.61%|Net income including non-controlling interests|31,398||19,658|59.72%|§ Net income attributable to non-controlling interests|938| |378|148.15%|Net income attributable to ExxonMobil|$30,460| |$19,280|57.99%||||||
2010 Financial Statements and Supplemental Information – of Stock Prices - XOM For the most part, ExxonMobil stock prices have been on the rise since January 02, 1970 when XOM stock became available to the public. The highest amount that XOM stock closed at for a day was $95.05 on October 18, 2007. The largest volume of XOM stock sold in one day was 117,897,200 shares sold on June 25, 2010. The February 20, 2012 closing price for XOM stock was $85.62. XOM stock has experienced 5 splits, all being 2:1 since January 02, 1970. The dates of those splits are July 26, 1976, June 12, 1981, September 15, 1987, April 14, 1997 and July 19, 2001. Yahoo Finance -· Computation and Analysis of Financial Ratios § Liquidity Ratio – Current Ratio § Asset Turnover Ratio – Return on Assets § Financial Leverage Ratio § Profitability Ratio § Gross Profit Margin § Total Debt/Equity· Reviews from Business Analysts Still researching – ExxonMobil is expected to significantly outperform the market over the next six months with less than average risk. |||||

[3] "Exxon Mobil"[->32]. Forbes.
[4] "EIA – Statement of Jay Hakes"[->33]. March 10, 1999. July 11, 2011. [5]
[6] "Exxon profits surge to new record"[->34]. BBC News. January 30, 2006. May 2, 2010.
Elizabeth Bluemink (Thursday, 10 June 2010). "Size of Exxon spill remains disputed"[->35]. Anchorage Daily News. 29 June 2010.
[9] "The new Seven Sisters: oil and gas giants dwarf western rivals"[->36]. Financial Times. April 21, 2008.
[10] ExxonMobil. “Global Capabilities for the 21st Century, Upstream.” 18 February 2012 [11] ExxonMobil. “Global Capabilities for the 21st Century, Downstream.” 18 February 2012 <>
[12] ExxonMobil. “Global Capabilities for the 21st Century, Chemical.” 18 February 2012

[->0] -
[->1] -
[->2] -
[->3] -
[->4] -
[->5] -
[->6] -
[->7] -
[->8] -
[->9] -
[->10] -
[->11] -
[->12] -
[->13] -
[->14] -
[->15] -
[->16] -
[->17] -
[->18] -
[->19] -,_California
[->20] -
[->21] -
[->22] -
[->23] -
[->24] -
[->25] -
[->26] -
[->27] -
[->28] -
[->29] -
[->30] -
[->31] -
[->32] -
[->33] -
[->34] -
[->35] -
[->36] -,dwp_uuid=0bda728c-ccd0-11db-a938-000b5df10621.html…...

Similar Documents

Premium Essay

Exxon Mobil:

...Exxon Mobil: Company Overview: 

Exxon Mobil Corporation is an American multinational Oil and gas corporation. It is one of the largest publically traded companies by market capitalization in the world with its operations spanning several continents. The Company was formed on November 30, 1999 by the merger of Exxon and Mobile (ExxonMobil, 2011).

Exxon Mobil explores, produces and distributes natural gas and crude oil and also manufactures and distributes petroleum products. It also produces and sells petrochemicals such as polyethylene, aromatics, olefins, polypropylene plastics and other products. It has interests in thirty seven refineries world wide. It also markets its products through more than thirty two thousand retail stations worldwide (ExxonMobil, 2011). 

Types of market and legal systems that exist in countries that Exxon Mobil operates: 

Exxon Mobil has operations spanning several countries in the United States, Europe, Australia/Oceania, Asia, Africa, and Canada/South America. Market systems that exist in these countries range according to various policies that regulate the market place operations. In countries such as the US, Australia, Canada, countries in South America, Western Europe and some parts of Africa and Asia, the kind of market systems that exist are basically mixed market economy systems. In these systems, a bigger part of the market is controlled by the prices, demand and supply of commodities with few government regulations. In other......

Words: 1377 - Pages: 6

Premium Essay


...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,......

Words: 3914 - Pages: 16

Premium Essay


...Exxon Mobil Corporation Exxon Mobil Corporation - Financial and Strategic Analysis Review Publication Date: 03-Aug-2012 Reference Code: GDGE1203FSA Company Snapshot Key Information Exxon Mobil Corporation, Key Information Web Address Financial year-end December Number of Employees 82,100 NYSE XOM Source : GlobalData Company Overview Exxon Mobil Corporation (ExxonMobil) is an integrated global oil and gas company. The company's operations include 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 is headquartered in Texas, the US. ExxonMobil is expanding its operations and presence in unconventional gas resource assets. 9.75 4.37 26.59 11.03.00 15.06 0.02 Key Ratios Exxon Mobil Corporation, Key Ratios P/E EV/EBITDA Return on Equity (%) Debt/Equity Operating profit margin (%) Dividend Yield SWOT Analysis Exxon Mobil Corporation, SWOT Analysis Strengths Weaknesses Improvement in Financial Performance Extensive Research & Development Activities Geographical Diversification Pending Litigations Note: Above ratios are based on share price as of......

Words: 3690 - Pages: 15

Premium Essay

Esus3 Assignment First Draft

...variety:多样化;变化 Mary has a great diversity of interests. division 1.separation or distribution:分开,分配 of the parts of groups into which a whole is divided:部分;片段 dogged having or showing a character which refuses to yield or give up in the face of difficulty or opposition:顽强的;坚忍不拔的 She was not very clever, but by dogged effort she learnt a good deal at school. dogma an important belief or set of beliefs that people are expected to accept without reasoning:教条;教义 dolphin to three meters long, which swims about in groups:海豚 domestic of the house, home, or family:家的;家庭的 downfall a sudden fall (esp. from high rank); ruin:(尤指由较高地位)突然下降;垮台 draft to make a draft:起草;草拟 drainage a system or means for draining:排水设备;排水系统 dramatic of or related to the drama:戏剧的 drastic strong, sudden and often violent or severe:激烈的;猛烈的;急剧的 Drastic changes are necessary to improve the government of the country. draw back to move oneself away from:退却;缩回 The crowd drew back in terror as the building crashed to the ground. dredge to use a dredger (in, on, or for something):(用挖泥机)疏浚;疏通 Can we dredge the river to make it deeper? dubious feeling doubt ; undecided:对…怀疑;无把握的;可疑的 I’m still dubious about that plan. durable long lasting:持久的;耐穿的 ......

Words: 30116 - Pages: 121

Free Essay

My First Draft Final

...My Project Ray Vance Professor James Manning CIS-499 Strayer University October 27, 2013 This is a record that I CEO Jim Gold has to offer the shareholders, showing a decided gain in the last six months, and the promise of much more to come in the next 3-5years. Despite stiff competition in several quarters, Wilcox Watch Manufacturing has shown to be far more superior to the closest competitors in nine local locations, and fourteen foreign Countries as well. However with the introduction of several hundred new products, and the planned merger with our partnering Firm: JEMCO, exciting new opportunities are opening up all around us. Also, everyone is excited and looking forward to the World Watch Exposition, for many of our already packaged new arrival sales showcases. Mission Statement Of The Company Wilcox Watch Manufacturing guarantees all design, developing, manufactures, inventory and distribution of parts, optical target design, every close tolerance creation, and laser induced thread, watch mold and fabrication processes. Including all computer aided Theodolites, Photogram Metric Systems, Tracking Lasers, plus all new managed systems of measurement and design, that are current or may emerge will only use the very best parts and design. This includes Support Management and System Design Technologies and Quality Control Safety with up to date Modern specifications. We are......

Words: 896 - Pages: 4

Premium Essay

Exxon Mobil

...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......

Words: 1659 - Pages: 7

Premium Essay


...Managing and Directing Successful Projects with PRINCE2TM 2 Managing and Directing Successful Projects with PRINCE2TM Written by Andy Murray of Outperform, Lead Author of PRINCE2 this brochure provides an overview of both Managing and Directing Successful Projects with PRINCE2TM. The public consultation comprised of: • Reviewing the Issues Log • A series of workshops/focus groups facilitated by the Best Practice User Group (BPUG) • ‘Champion’ interviews of key users • A series of surveys. More than 170 organizations and individuals provided feedback as part of the consultation process. Analysis of the feedback shows a general consensus for change as follows: • Reduce the size of the manual and improve the style of language (more guidance less instruction) • Integrate with other OGC products • Show linkage to other methods and bodies of knowledge • Provide more guidance on tailoring (particularly for smaller projects) • Include (or reference) the soft aspects of Project Management (e.g. people management, change management, ‘fuzzy’ requirements). Why has PRINCE2 been refreshed? PRINCE2 is often cited as the world’s most widely used project management method. Its success is largely due to it being non-proprietary but also due to the ability of organizations to apply it to a variety of industries, environments and project sizes. Since its launch in 1996, the project management industry has not stood still. The emergence of Agile and iterative......

Words: 2646 - Pages: 11

Premium Essay

Exxon Valdez Oil Spill

...Exxon Valdez Oil Spill of 1989 Isaac Mitchell Maine Maritime Academy The Exxon Valdez oil spill of 1989 occurred in Prince William Sound off the coast of southwestern Alaska. The date when the oil tanker ran aground was March 24th, 1989. It struck Bligh Reef at about 12:04 a.m. There have been various estimates of how much oil spilled into the ocean. A total of 11 million US gallons was a commonly accepted estimate of the spill’s volume, used by the State of Alaska’s Exxon Valdez Oil Spill Trustee Council, the National Oceanic and Atmospheric Administration, and environmental groups such as Greenpeace and the Sierra Club ("Questions and answers," 1990). Other groups, such as Defenders of Wildlife, question the official estimates, maintaining that the volume of the spill went underreported (DeVries, Luts, 2004). Alternative calculations, based on an assumption that the seawater rather than oil drained from the damaged tanks, estimate the total to have been 25 to 32 million US gallons (Bluemink, 2010). Because of the spill many practices were going to change in the shipping industry. The Exxon Valdez oil spill drastically changed the United States’ shipping regulations, policies, and documentation. The Exxon Valdez damaged eight of its eleven tanks on board, spilling 11 million gallons of its 53 million gallon cargo of oil. Those 11 million gallons would spread and ultimately impact over 1,100 miles of non-continuous coastline in Alaska, making the Exxon Valdez oil spill......

Words: 3901 - Pages: 16

Premium Essay

Obamacare First Draft

...First Draft: Obamacare officially called the Affordable Care Act was signed into law in October of 2010 by President Barack Obama. Obamacare came into effect with the goal of increasing the quality, availability and affordability of health insurance for all Americans. Obamacare is paid for by new taxes on larger businesses and the health care industry. Americans will have the option to buy private insurance, obtain insurance through the workplace, or pay an income tax penalty to not have health insurance. This puts enough money into the healthcare system to help provide better quality and bring costs down for low to middle income individuals. The Affordable Care Act increases the quality, accessibility and affordability of health insurance. In return most people, who can afford to get health insurance must get insurance by 2014 or pay a per month fee. The law eliminates pre-existing conditions, stops insurance companies from dropping you when you are sick, protects against gender discrimination, expands free preventative services and health benefits, makes larger employers insure employees, creates a place for Americans to buy subsidized insurance making it possible for Millions of individuals families and small businesses to get low cost health insurance, and decreases healthcare spending. Obamacare doesn’t create health insurance; it regulates the health insurance industry and helps to increase the quality, affordability and availability of private insurance. ......

Words: 491 - Pages: 2

Free Essay

G's First Draft

...ASSIGNMENT 1 . INDEX • Introduction - • Assumptions - • Discussion 1- Existing structure - 2- 3 Legged stool theory - 3- New proposed structure – 4- Prince 2 - 5- Bee • Recommendations - • Conclusion - • Bibliography - Introduction LiJo data systems has appointed me in order to assist in the restructuring of the company in such manner that their growth, productivity as well as profit could increase while decreasing the management issues/problems within the company structure/organisation. In order for this to be achieved we need to have a good understanding of the current set up of LiJo, how it is run, who is responsible for what , the current obstacles being faced and what the cause of those is. Once the above has been dissected and we have managed to get a clear understanding of all the current methods/processes being used to run the company we need to look at how we can restructure the company in such manner that we can eliminate the production/conflict/ lack of communication and other problems currently faced by LiJo, this needs to be done in a manner which would not simply help resolve the current issues but to also be adopted and used as the company grows. This process will need to be done in such manner that we......

Words: 1587 - Pages: 7

Premium Essay

Shitty First Drafts

...Shitty First Drafts 1. Is writing as difficult for you as Lamott says it is for her?   Yes, writing is exactly as difficult for me as Lamott says it is for her. I could not have said it better. After reading this selection from Anne Lamott’s Bird by Bird, I let out a huge sigh of relief, as I had no idea that even expert, published writers go through the same struggles in writing that I myself do.   2. Do you write “shitty first drafts” and then clean them up and turn them in? Or do you try to work out what you’re going to say in your head first so that you write only one draft? Or do you just turn in the “shitty first draft”?   In the past, I have always been extremely cautious to let anyone else read my shitty first drafts. It always pained me when a teacher would ask us to bring a rough draft to class so that others could peer-edit my work. Because of this, I developed a tendency to attempt to work out what I was going to say in my head so that I would only have one draft. I would sit at my computer for hours typing, erasing, and re-typing my work, almost as if I was cleaning up my rough draft as I was writing my rough draft. I always tried not to just turn in the shitty first draft, as I knew it was far from my best work, but sometimes I would get stuck and would ultimately be forced into turning in my shitty first draft. 3. Based on your answer to question 2, are you happy with how you go about writing? Why or why not? Overall, no, I am not happy......

Words: 854 - Pages: 4

Free Essay


...טיפול החברה במשבר הנהלת חברת Exxon-Mobil עשתה שגיאות רבות בניהול המשבר. בשלב ראשון, התעלמות. בשלב שני, התכחשות לאחריות, לא נעו במהירות לטפל בבעיה. בשלב שלישי, חוסר דאגה לנזק שנגרם. בשלב רביעי, התנהגות שחצנית ומתנשאת כלפי אמצעי התקשורת והציבור הרחב. אלה הובילו יחדיו לחרם צרכנים, לירידה במכירות, לאובדן מנהיגות ונתח שוק מחברת הנפט המובילה בעולם לשלישית בהיקפי פעילות, לפגיעה תדמיתית קשה, ולבסוף לחילופים בהנהלת החברה. [i] אחר שספגה ביקורת, ובה גם ביקורתו של ראש עיריית Valdez , שאמר שהקהילה שלו הרגישה נבגדת מתגובתה הלא-מספקת של Exxon-Mobil למשבר ,החליטה ההנהלה לפעול בשיתוף פעולה עם משמר החופים אשר ניהל את המשבר באופן רשמי, במאמץ לניקוי הזיהום ולשיקום סביבת החיים של האזור שנפגע. המבצע נמשך יותר מארבע שנים ועלה כ-2.1 מיליארד דולר. מבצע שעלה במחיר, היקף ויסודיות על כל פעולות הניקיון של דליפות נפט קודמות. בנוסף, חויבה החברה לשלם למעלה ממיליארד דולר דמי נזיקין אותם היא מסרבת עדיין לשלם.[ii] לאחר סיום הטיפול במשבר פרסמה חברת Exxon-Mobil סרט וידאו בשם "מדענים ודליפת הנפט באלסקה", עם התווית "סרט לתלמידים" ואשר יועד להפצה בבתי ספר. לדעת רבים הסרט מציג את תהליך הטיפול במשבר בצורה מאוד לא מדויקת, באשר למספר בעלי החיים שמתו או נפגעו באסון ועובדות לא מדויקות נוספות, כאשר המסר הסופי שלו הוא שהסביבה של מפרץ הנסיך ויליאם השתקמה באופן מלא ואין לאסון השלכות ארוכות טווח על החיים במפרץ. [iii]טעויות בניקוי בשל הלחץ הציבורי ובשל חוסר הניסיון במבצעי ניקוי בסדר גודל שכזה, נעשו גם טעויות קריטיות שגרמו נזק רב יותר. כך למשל, את הסלעים והחופים ניקו באמצעות סילוני מים חמים שהמיסו את הנפט ושיחררו אותו......

Words: 1045 - Pages: 5

Free Essay

Jessica Pulido First Draft

...on a cartoon brain. I can never guess what it means. I walk in to that class after lunch every day, sit at my desk, and stare at it for an hour and a half, yet I can never relate to it in any way. My teacher, strict and on the heavy side, was the type of teacher you didn’t want to get on her bad side. If she even had sides. She was giving us a lecture on how to infer poems with the chalk screeching like nails on the board. Our eyes widened with horror while she talked to us like we were foreigners that didn’t understand the concept of the language. “Songs. Are. Poems.” Not only did I hate poems I hated analyzing them as well. Rock was never in my interest so I detested “Fully Alive” when Ms. Brock first played it for us to analyze. It was impossible to even concentrate on the first verse of the song due to the icicle forming on my nose. I guess since she was a heavy-set lady she got warm very easily and insisted on keeping the room temperature in the forties. The song itself was depressing but it only made it worse that I was having a flash back. My uncle was lying on the hospital bed, quiet and without energy. He had just come out of getting the monstrous tumor removed that was growing inside of him. Cancer. There was finally something I could sadly relate to. "Earth to Jessica. Earth to Jessica. I would enjoy it if you joined us back to class from La La Land." Embarrassment burned my cheeks as she could see the fear in my eyes, "I'm sorry Ms. Brock." She sarcastically......

Words: 1113 - Pages: 5

Free Essay


...Research N BECG 045 ot The Exxon Valdez Oil Spill D o This case was written by Jaya D. Sangtani, under the direction of Vivek Gupta, ICFAI Center for Management Research (ICMR). It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation.  2005, ICFAI Center for Management Research. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means- electronic or mechanical, without permission. To order copies, call 0091-40-2343-0462/63/64 or write to ICFAI Center for Management Research, Plot # 49, Nagarjuna Hills, Hyderabad 500 082, India or email Website: BECG/045 THE EXXON VALDEZ OIL SPILL “ExxonMobil’s tactics are well-known, and this is a classic case of deny, dupe, and delay. Just as it denies the science on climate change, it denies that oil from the spill is causing damage in the Prince William Sound. And on both issues it is running campaigns to dupe the public into thinking it is an environmentally and socially responsible corporation.”1 - Anita Goldsmith, Greenpeace International Campaigner. “Exxon would meet its obligations to all those who have suffered damage from the spill.”2 op INTRODUCTION Lawrence Rawls, Chairman, Exxon. y - ot C On......

Words: 7821 - Pages: 32

Premium Essay

Pma First Draft

...Group of Companies selected for in depth analysis – ITC Ltd. Introduction ITC is counted as one of India's topmost private sector companies. It has a market capitalisation of USD 45 billion and a turnover of USD 7 billion. The company is involved in most diversified businesses i.e. Fast Moving Consumer Goods (FMCG), Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine and among India's Most Valuable Companies by Business Today. ITC ranks among India's '10 Most Valuable (Company) Brands', in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week. Its competitiveness diverse businesses rest on the strong foundations of institutional strengths derived from its product development capability, cutting-edge Research & Development, best in-class manufacturing facilities, brand-building capability, extensive rural linkages, deep consumer insights, efficient trade marketing, dedicated human resources and well managed distribution network. Within a relatively short span of time, ITC has established vital brands like Aashirvaad, Sunfeast, Dark Fantasy, Delishus, Bingo!, Yippee!, Candyman, mint-o, Kitchens of India in the Branded Foods space; Essenza Di Wills, Fiama Di Wills, Vivel, Vivel Cell Renew, Engage and...

Words: 2670 - Pages: 11