Company Background Of Exxonmobil ( Xom ) Is An Oil And Gas Company Based Out Of Texas, Usa

1599 Words Apr 14th, 2015 7 Pages
COMPANY BACKGROUND ExxonMobil (XOM) is an oil and gas company based out of Texas, USA. ExxonMobil is considered to be among the top companies in the Major Integrated Oil and Gas industry. Their standing among competitors is based off of several major indicators such as revenues, production, oil and gas reserves and profits. ExxonMobil was formed in 1999 from a merger of Exxon and Mobil oil and gas companies. ExxonMobil has encompasses the resources and structures of Standard Oil. They are also world’s largest refiner and marketer of petroleum. A few direct competitors of ExxonMobil are Royal Dutch Shell (Shell), Chevron, BP, and ConocoPhillips. These companies are also traded in the New York Stock Exchange (NYSE), which is one of the most active stock exchanges in the world. ExxonMobil along with Shell, BP, Chevron and ConocoPhillips are all among the top 100 most valuable companies based off of market capitalization. (PwC, web article, 2014)
EXXONMOBIL STRATEGY Strategy is a plan or method, which is developed to bring about a desired future, such as a goal or solution. Strategies are also linked with attainting or maintain a position of advantage over competitors. ExxonMobil’s strategy is to identify, evaluate, selectively pursue, and capture the highest quality resources opportunities before the competition does. (ExxonMobil, web) ExxonMobil works to increase their production and efficiency while maintaining high product quality. Since oil and gas are commodities,…

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