Essay On Exxon

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7.0 Background of Exxon
Exxon has evolved into the biggest publicly traded petroleum corporation in the world for over the last 135 years. The corporation started as Standard Oil Trust Company in Ohio was founded by John D. Rockefeller and his partners in 1870 (Meyers and Holusha, 1986).

In 1911, the U.S. Supreme Court separated Standard Oil into 33 distinct organisations, including Standard Oil of New (Jersey Standard), Socony Oil, Vacuum Oil and a few organisations that held the name Standard Oil. Jersey Standard progressed toward becoming Exxon Corporation in 1972. 27 years later, Exxon joined with Mobil Oil Corporation, once called Socony-Vacuum Oil, to form Exxon Mobil Corporation. (Exxon.com, 2017)

The company became a worldwide corporation in 1965 (Miller, 1992). The company was an industry pioneer in metallocene catalyst innovation to make special polymers with enhanced execution. Assembling plants were located in 24 nations. By the late 1980s, Exxon was one of the five most prominent organisations in the United States with offers of $80 billion (Fearn-Banks, 2002).

Today the company is famous for their brand names like Exxon, Esso and Mobil and is operating in many countries all over the world. They
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Exxon spokespersons did not provide enough information and had deficient knowledge about the crisis. Messages were conflicting because most the public statements by Exxon were unreliable and opposing. Exxon's overdue media relations prompted negative publicity. On top of that, Exxon showed no integrated communication between its constituencies, truth be told, Exxon's employees were frustrated by the company's frail structure and lack of preparation during the crisis (Mehta and Xavier, 2012). The public keeps on considering Exxon to be the most outstanding adversary of nature and even years after the disaster has done little to decrease that

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