Political/Legal Factors Exxon Mobile

     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.

ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from

As western society has been aggressively expanding, the consumption of materials has followed suit. This leads to a negative effect on the environment. To curb the decay of the planet, it is important for humans to have a handle on how much we consume. One consequence of consumption is the emissions produced by our vehicles. It is crucial to develop a government policy that most effectively controls and reduces the amount of these emissions we give off. While the government has introduced many subsidization policies, the most efficient policy the government could enact is to raise the taxes on gas.

Pursuant to energy efficiency policies, controversy swirls as climate changes are experienced in the U.S. and around the globe. When energy efficiency steps are put into place, economic outlooks turn positive. Obama’s policymaking in this arena makes “critical investments in advanced vehicle and fuel technologies, public transit, and high speed rail” (United Press International). With new fuel efficiency standards that will improve fuel economy by 2025, and other initiatives that he enacted, “12 billion barrels of oil will be saved and American consumers will save $1.7 trillion at the pump, and greenhouse gas emission standards for commercial trucks, vans, and buses for are projected to save over 500 million barrels of oil and save vehicle owners and operators an estimated $50 billion in fuel costs” (United Press

Citizens in a traditional economy are already accustomed to the long walks in heat or cold in order to get to their destination, so they do not need gasoline to power their motor vehicles. Economist John Maynard Keynes would argue that the government should be spending money on reasonably priced gasoline for the nation and that by buying expensive fuel products not only is it polluting the environment but it is running many citizens into bankruptcy. Several cars are put up for sale every year because individuals across the nation cannot afford to keep the bills, between insurance, maintenance and gasoline a cars expense in a month ranges from one to three grand. The government needs to set a new price standard for gasoline, by having it set to a lower rate, it would save the stress of many

In my opinion the proposal is unethical due to the fact the way government is controlling prices and limiting the liberty of society taking into consideration majority of the population would not be able to afford either the higher gas prices from the increases taxes or the purchase of a more fuel efficient vehicle therefore, preventing each person living a life as he or she pleases. The libertarian approach best supports my position considering regardless of the improvement of society with a cleaner environment the increased taxes on gasoline interferes with ones liberty to travel whether it be for leisure or employment. Furthermore, the injustice built into such measure is the government is forcing individuals to fund efforts they might not

Cars and truck account for 20% of all U.S. global warming emissions, where more than 24 pounds per gallon of carbon dioxide and other global warming gases come right out of the car’s tailpipe (“Union of Concerned scientists”). This frightening statistic is part of the reason why the federal government has put in place many policies and incentives such as the Clean Air Act, The National Program for greenhouse gas emissions, Catalytic Converter Federal Laws, and incentives of $12,000 in California to get people to upgrade to more fuel-efficient cars. With such programs and incentives put in places, it is also important that car companies such as Toyota and Ford also take action to further cut pollution rates. They have done so by

The first law that was passed to enforce this was the Energy Policy and Conservation Act, which was passed by Congress in 1975. This law established a Corporate Average Fuel Economy program, commonly known as the CAFE program, and it required automakers to drastically increase the fuel efficiency of their vehicles. Consequently, by 1985, the average fuel efficiency of automobiles had risen to 27.5 miles per gallon, which is very close to what it is today (Bezdek 132,133).

This reflects the laws and regulations that govern the foreign environment that the company may find itself. This may include how well established the rule of law is, how easily or quickly laws and regulations are changed and what the costs of regulatory compliance are for that particular

The global span of ExxonMobil makes the importance of ethical behaviour paramount; however, this has not always been the case. Investigations (Banerjee 2015 & Various 2015) have revealed that ExxonMobil discovered the link between human activity and climate change years before it became a public issue. Instead of adapting its business model

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 Mobile is one of the most successful companies in the oil and energy industries today. But what makes them so successful? In an effort to answer this question, a thorough internal investigation can be helpful in determining what aspects of this company are making it an industry leader. Two aspects of this internal analysis of Exxon Mobile are the company’s resources and capabilities.

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.

Evans and Richardson (2007), contend that globalized economic environment is complex and changes from time to time and this places a heavy responsibility on multinationals and other business enterprises. They are forced to adapt in order to deal with these factors for the benefit of their organizations. A company cannot ignore political issues when assessing the business environment in which it operates because it affects government policies such as licensing, regulation and taxation, which have a direct consequence on the activities of a business enterprise (Evans, & Richardson, 2007).

THE POLITICAL ENVIRONMENT: The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small political factors of the country it is located in will have an impact on it. And the most crucial & unavoidable realities of international business are that both host and home governments are integral partners. Reflected in its policies and attitudes toward business are a governments idea of how best to promote the national interest, considering its own resources and political philosophy. A government control's and restricts a company's