Gursharan Khakh
Professor Habich
MGMT 335
December 1, 2017
ExxonMobil
Exxon Mobil Corporation is a big oil company. It is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company and was formed on November 30, 1999, by the merger of Exxon, which was formerly Standard Oil Company of New Jersey, and Mobil which was formerly the Standard Oil Company of New York. (Our History, N.D). ExxonMobil had a total of $218.6 Billion in total revenue in 2016. The company’s mission statement states that “Exxon Mobil Corporation is committed to being the world's premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while simultaneously adhering to high ethical standards” (Our Guiding Principles, N.D). This organization is a very known organization all over the world. In 2011, ExxonMobil announced 2 new oil discoveries and gas discovery in the Gulf of Mexico. This discovery has been that largest discovery found in the Gulf of Mexico. The companies most important stakeholders are the customers, employees, governments, shareholders, and suppliers. Customers are their stakeholders because without them the company is not going to survive. Every company in the business worlds needs customers so they can sell their products to them. Employees are most important because without them you can not be able to make a
The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.
The first key group of stakeholders are the employees. These include both managers and regular employees at all levels of the organization. The managers are in charge of overseeing certain departments within the corporation. Managers must also work to implement the company strategy and work towards accomplishing the company’s
Each stakeholder has a different criterion of responsiveness, because they have a different interest in the organization. Most organizations are similarly influenced by a variety of stakeholder groups. Investors, shareholders, employees, customers and suppliers are considered primary stakeholders, without whom the organization cannot survive. Other important stakeholders are the community, which have become increasing important in recent year.
Stakeholders have a significant influence on the aims of an organisation. They are the people who are affected by or interested in the business. In some organisations the shareholders are stakeholders, and at times have some of the decision power. In trade organisations, customers are also considered stakeholders; therefore their needs are part of the organisation’s overall objectives.
ExxonMobil is the largest publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum, and some are designated for manufacturing chemicals, lubricants, and market fuels (1). ExxonMobil's world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas, which is the highest in the industry (1). The company's discovered resources consist of 72 billion oil equivalent barrels of oil and gas. On average, each day, they produce 2.5 million barrels of oil and 10.5 billion cubic feet of gas (4). Their asset base, includes more than 60,000 production wells in 1,800 fields in 25 countries.
The Exxon Mobil Corporation, or ExxonMobil, is an American Multinational Oil and Gas Corporation, formed from merger Exxon and Mobil in 1999. Its headquarters located in Irving, Texas, United States. ExxonMobil is one of the largest publicly traded petroleum and petrochemical company worldwide which was ranked No. 7 in Global 2000 and No. 91 World’s Most Valuable Brands. (Forbes, 2015)
Stakeholders are anyone who has a interest or influences the business in anyway. There are two
ExxonMobil is a United States based transnational oil and gas corporation. Founded on the 30th of November 1999 after the merger between Exxon and Mobil, reuniting the original breakup of standard oil company (Folsom Jr 1998). It is the world’s largest publicly traded oil and gas company by market value and as of 2016, the sixth largest in terms of revenue at $246 million per year (Decarlo 2016) . ExxonMobil’s oil and gas exploration stretches across six continents with
One of the most reputable resources that Exxon Mobil has today is a strong brand name. Exxon Mobil operates all over the world and is recognized in every part of the world (Datamonitor, 2008). When people all over the world know who a company is, what they do, and where they are located, the company gains a unique competitive advantage over
Exxon Mobil has a research and development department that is evolving its technologies to stay competitive. The company is continually working on assessing its products environmental life cycles to lessen the long term environmental impact. Exxon Mobil is striding for less greenhouse gas emissions then it has in the past.
The Exxon Mobil Corporation, or ExxonMobil, is an American Multinational Oil and Gas Corporation, formed from merger Exxon and Mobil in 1999. Its headquarters located in Irving, Texas, United States. ExxonMobil is one of the largest publicly traded petroleum and petrochemical company worldwide which was ranked No. 7 in Global 2000 and No. 91 World’s Most Valuable Brands. (Forbes, 2015)
ExxonMobil, is the largest publicly traded oil and gas company in the world. It was formed from the merger of Mobil Corporation and Exxon Corporation and it is best known in many countries by the brand names Exxon, Esso, and Mobil. The company was incorporated on August 5, 1882 and it operates through five different segments: Upstream, Downstream, Chemical, and Corporate and Finance. The Upstream segment explores for and produces crude oil and natural gas. The Downstream segment manufactures and sells petroleum products. The Chemical segment manufactures and sells petrochemicals such as olefins, aromatics, and polyethylene and polypropylene plastics. The company is involved in various projects such as the Kearl project, Heidelberg project, the Lucius project and many more others. In the United States, the company holds over 14.0 million net acres of which 1.3 million net acres were offshore. It is situated primarily in the Permian Basin of West Texas and New Mexico. In addition, they are situated in the Bakken oil play in North Dakota and Montana and for gas exploration in the Marcellus Shale of Pennsylvania, Virginia, and Ohio. In total, it holds an approximate amount of 3.5 in net exploration and development throughout the states. The company also holds various amount of acres in Canada, South America, Europe, Africa, Asia, and Australia and Oceania and supplies refined products to more than 19,000 gas stations worldwide including almost 10,000 in the United States. The
Exxon Mobil Corporation is one of the world’s largest global oil and gas corporations. The Exxon Mobil brand is known around the world and is a leader in delivering its product to consumers. It is a leader in technology and strives for excellence.
Exxon Mobil Corporation is one of the largest international petroleum and natural gas exploration/production companies in the world. The main focus of the company is energy, involving the exploration and production of crude oil/natural gas, manufacturing of petroleum products and the transportation/sales of these said products. The company includes hundreds of affiliates which divides its business units into three main areas; upstream, downstream and chemical. The upstream section focuses on conventional oil, heavy oil, shale gas, deepwater, liquefied natural gas and sour gas projects. The downstream portion aims its focus with refining crude oil and other feedstock 's into fuels, lubricants and other chemicals while also figuring out how to deliver these products to the customers through a global distribution network. The chemical business is focuses on the production of olefins and polyolefin 's as well as manufacturing specialist chemicals for use in water treatment, coatings, lubricants and oil drilling fluids. Though the company is widely considered an energy company, they are also viewed as a technology company also who applies science and innovation in order to find safer and cleaner ways to deliver the energy the world needs.
In 2000, Exxon Mobil Egypt (S.A.E.) was made as a consequence of a merger between Esso Standard Near East and Mobil Oil Egypt. Based on this long history, ExxonMobil Egypt (S.A.E.) has kept on being a head energizes and greases advertiser in the nation.