As the cost of production becomes more expense for unconventional oil, higher prices are needed in order to maintain oil profits. Though they have got away with a slap on the wrist on issues of environment such as spillages of oil, this is not acceptable in the future, and ExxonMobil should take mitigation factors seriously to avoid such issues. Weaknesses What could you improve? Exxon Mobil Corporation is a multinational, public company which deals with oil and gas and has its headquarters in Irving, Texas situated in America. Through the upstream segments, they are also involved in research and development, global exploration, marketing and distribution. The expansion has helped the organization to build new revenue stream and diversify the economic cycle risk in the markets it operates in. It is a major manufacturer and marketer of commodity petrochemicals including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products.
Diversified revenue stream Exxon Mobil has wide presence across various regions. With increase of need for global friendly sources of energy, ExxonMobil should consider exploring production of carbon free or carbon reduced sources of energy for the future. This expansion strategy has benefited the company. ExxonMobil has several brand names under its umbrella such as Exxon, Mobil, Esso, and Imperial Oil in Canada. Exxon Mobil operates worldwide and is best known by its familiar brand names: Exxon, Esso and Mobil.
Deal Activity By Deal Type - Volume 2010 - 2014 Table 16. The company owns 37 oil refineries in 21 countries. Exxon has spent multiple years studying the environment, wildlife, and oil spill response in the Arctic and plans on spending even more time and money to study the Arctic. ExxonMobil Marketing Project Report ExxonMobil Marketing Project Report — Introduction ExxonMobil is headquartered in Irving Texas, and is the largest producer and marketer of crude oil, natural gas, petroleum products, chemicals, plastics and much more. Mergers And Acquisitions Volume And Value Trend 2010 - 2014 Table 19.
The company holds exploration and production acreage in 36 countries and production operations in 24 countries around the world. Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably. The company recorded a net liquid production of 392,000 barrels per day in 2007, a decrease of 5. Oil spills Another of the internal the issues surrounding ExxonMobil is the oil spills they have been associated with. Human Rights Violation Opportunities Threats 1. Some of which include to develop methods to enable technologies to be able to mine relevant sources efficiently.
There are no women at all at the top management as well as the notable lack of black, Hispanic or other diverse races in the structure, for such a large organization as this, with over 77000, this is a concern. Deal Activity By Deal Type — Volume 2010 - 2014 Figure No. Secondly the supply of new products is not regular thus leading to high and low swings in the sales number over period of time. Popularity of electric cars Breakthrough in Research Legal Environmental 1. Top Deals 2010 - 2014 Table 17. Gain key insights into the company for academic or business research.
The company might also face changes in the political or economic conditions in the foreign countries it operates in. Exxon Mobil is the leading global supplier of lube basestocks and marketing finished lubricants, asphalt, and specialty products. Strengths include strong research and development capabilities and diversified revenue stream. Performance Chart 2010 - 2014 Figure No. Right now the investment in technologies is not at par with the vision of the company. The strategies used in downstream operations include ensuring they maintain best in class operations by providing quality and valued products and services, and capitalizing in efficiency and effectiveness.
Chandler, Strategy and Structure Cambridge, Mass. This gives the customers a sense of security when dealing with the organization. Signed an agreement to jointly develop tight oil production technologies in Western Siberia. The demand for liquid fuels is expected to increase from the 86 million oil-equivalent barrels per day currently to 116 million oil-equivalent barrels per day in 2030. Global Footprint: The company operates in six continents exploring for oil and natural gas. Through vertical integration, ExxonMobil is able to take control of the whole process whereby from crude oil, ExxonMobil manufactures gasoline, diesel, lubes, aviation and jet fuel, liquefied petroleum gas, fuel oil, chemicals and waxes. What are others likely to see as weaknesses? This is partly due to a few reasons, the good corporate citizenship of the organization, the correct and appropriate crisis management and crisis communication management strategy.
This is one way that the company can deal with legal issues faced and prevent some in the future. At this day if consumer awareness, consumers have been known to boycott products by organizations that they feel do not reflect their interests, and Exxon though a giant, runs the risk of alienating existing and potential customers who are not impressed by their activities. While every attempt has been made to ensure completeness, accuracy and reliability of the analysis, Barakaat Consulting and its associate websites cannot be held responsible for omissions or errors in our pages or any links on any of our pages. Such employee actions adversely affect the operations of the company and result in decline in the productivity. The company is one of the largest manufacturers of commodity and specialty chemicals in the world.
It has successfully integrated number of technology companies in the past few years to streamline its operations and to build a reliable supply chain. In June 2008, Exxon Mobil was sued by the attorney of San Francisco. The strategies used at the upstream are to apply effective risk management and safety procedures to ensure operational excellence. An overview of the company is given, along with key facts including contact information, number of employees and revenues. Find ways of remedying the weaknesses to turn them into strengths. Exxon Mobil is committed to address the challenges of a sustainable development.
This step has shown a big deal of improvement when compared to the period when the organization did not effectively communicate and mishandled the situation during the Exxon Valdez oil spill. Revenues generated in fiscal year 2003; Principal business offered, including integrated oil company. It is also exploring the opportunities to expand its Beaumont, Texas, refinery which could make it the top refinery in the country. A financial analysis of Exxon Mobil Corporation is presented in the report which includes a ratio analysis, basic profit and loss analysis, presentation of the company balance sheet, and much more. Environmental issues ExxonMobil has also been termed a threat to the environment on other times beside the oil drill.