Exxon Mobil Resources and Capabilities Essay

The oil and gas business is highly competitive in the exploration for and acquisitions of reserves, the acquisition of oil and gas leases, equipment and personnel required to find and produce reserves, and in the gathering and marketing of oil, gas, and natural gas liquids. The competitors include national oil companies, major integrated oil and gas companies, other independent oil and gas companies, and participants in other industries supplying energy and fuel to industrial, commercial, and individual consumers.

This is a great strength to PharMerica because they fill their human capital with skill inventories that revolve around business. This allows for its employee’s to be far more versatile; employees can design strategies to fulfill their department’s goal with an understanding of where the corporation stands in the overall economy. Understanding the business aspects is essential because the corporate strategy is developed from where the company is positioned in its business cycle as well as where it stands in the market. It is not just the human resources department that benefits from this, every department does.

     Chevron Texaco, or Texaco Shell, is the leading competitor to ExxonMobil. Texaco is in the same areas of business as Exxon. Their petroleum products and lubricants are sold in the same markets, stores, and in many cases opposite street corners from each other. The two companies are very similar, but Exxon’s recent petroleum deals in the Middle East and Africa have allowed its stock price to jump ahead for the time being (1). In the industry, the two companies mainly compete for the ability to negotiate for new production. The competition is not made at the pump or at the local auto store. It seems that it’s more important to control oil than it is to sell it quickly. Because oil has so much value and power in the world, the industry is made of semi-friendly companies. Surviving and making as much profit as possible, is more important than trying to put people out of business.

1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible.

The mission statement for Exxon Mobile can best be described as making a profit for their selves as well as their shareholders. This is ultimately the goal of every business in the market and is easy to describe. They also strive for safety and trust in the community.

To this day Anadarko Petroleum Corporation is one of the largest independent oil and natural gas company in the United States. The locations of the drilling facilities are in Delaware basin; Wyoming; Alberta, Canada; and the Gulf of Mexico. Although the company has strong residencies overseas the total wealth over all is well above 2.3 billion barrels of oil and equivalents. The beginning of this mega oil and gas corporation began in 1959 as a subsidiary of Panhandle Eastern Pipe Line Company. At this time under the FPC pipeline jurisdiction law, lower pricing on gas produced from properties owned by pipelines was less sufficient than independent companies who own and produced on private properties. From this restriction the Panhandle Eastern

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

Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).

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.

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

the world every day (“Exxon”). Part of its expansion strategy involves integrating its different operating divisions. For example, over 90% of its chemical capacity is integrated with its natural gas and refining operations. This allows for cross-utilization of resources, ultimately boosting efficiency and reducing costs. Technology is at the forefront of ExxonMobil’s strategy. Newer technology allows for more environmentally conscious and efficient operations, which can save the firm time and money, while reducing its effect on the environment (“Exxon”).

Nexen is an oil & gas exploration and production company that operates out of Calgary Alberta, Canada. They are a well-run, profitable, and responsible company that operates in 7 countries and does both onshore and offshore drilling for conventional oil & gas, shale gas, and oil sands. Their board of directors has recently unanimously agreed to a $15.1 billion buyout by China National Offshore Oil Company (CNOOC), which is currently under review by the Canadian government. Nexen employs a knowledge-based workforce of highly skilled workers and uses state of the art technology in the oil & gas exploration and production industry. However, the combination of the small

While ExxonMobil’s engagement with communities that are proximal to their operations can often be described as proactive and

This report consists of financial analysis of Exxon Mobil Corporation and it is based on the company annual report for the fiscal year ended December 31, 2006, on the company’s official documents placed at their website and on other appropriate sources. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso and Mobil, as well as terms like Corporation, Company, their and its, are sometimes used as abbreviated references to specific affiliates or groups of affiliates.

 The OPEC (Organization of the Petroleum Exporting Countries) created in 1960 is a permanent intergovernmental Organization. Was formed at the conference held in Baghdad. The five founders Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Later down the road they were joined by nine other countries. Qatar, Indonesia,  Libya, United Arab Emirates,  Algeria,  Nigeria, Ecuador, Angola, and Gabon.