Case Study Of Exxonmobil

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ExxonMobil is the world’s largest publically-traded Oil and Gas company. Tracing its roots to John D. Rockefeller and the Standard Oil Company in 1870, ExxonMobil has leveraged its almost 150 years of experience to lead the industry in the extraction and refinement of oil.1 Though headquartered in Irving, TX, Exxon is truly a global energy company, with current operations in over 50 countries on six continents.2 Through their vast, interconnected network of resources, Exxon is currently the third largest publically-traded company in the world—with a market capitalization of over $346.5 billion3—and has remained profitable throughout numerous business cycles to the point of increasing dividends every year for 33 straight years.4 Exxon divides…show more content…
Their remarkable performance run can be contributed to their unique core competencies, strategic acquisition and use of resources, and strategic positioning within the oil and gas industry. However, the current environment is as threatening as ever. A changing energy environment combined with weaker global demand has drastically lowered oil prices, while the threat of climate change has created uncertainty concerning the sustainability of Exxon’s dominance. Specifically, the continued success of ExxonMobil will be framed by their response to these key…show more content…
It employs a cost advantage strategy in the upstream, downstream and chemical feedstock market; however, in specialty chemicals markets, it uses a broad differentiation strategy. Exxon’s core competencies provide a competitive and unparalleled advantage that puts Exxon ahead of other big integrated oil & gas companies. Exxon’s recent financial performance illustrates that— even in the low-oil-price environment like we’re seeing today—Exxon runs its businesses profitably because of their strategy to tap into the core competencies and VRIN
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