Strategic Decision Making Process Adopted By Exxonmobil Corporation

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.

The company ExxonMobil offers an interesting insight into the inner workings of an oil company because not more than fourteen years ago they were two separate and very successful companies both sitting at the top of the industry. In the year 1980 the two companies bolstered sales revenue that towards the top of their industry. Exxon with 103 million dollars worth of revenue was by far the most dominant beating out the closest competitor, which was Royal Dutch by over thirty million dollars. Mobil Oil was not nearly as dominant in revenue but still bolstered a respectable with 59.5 million dollars worth of profit placing them in the upper half of the industry.1 As the 1980’s went on the oil industry began going through a bit of reconstruction in which efficiency and profit shot to the forefront of the minds of both oil executives and the companies stockholders. As stated by and executive of Exxon, “Exxon confirms its ‘intention to run a tight ship . . . and strive to become the low-cost operator in each area of our business’. Restructuring included the sale of Exxon Office Systems, Reliance Electric Co., and its New York headquarters, and the reorganization into fewer divisions, several of them

     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.

The first of three pillars that make up the oil and gas industry in Canada is the upstream sector, which is comprised of

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

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)

Intro: Chevron and Exxon are two major gasoline providers for North America. While typical citizens see their existence as gas station companies, they have other aspects to their company. Chevron also produce and transport crude oil and natural gas, refine, market and distribute transportation fuels and lubricants, manufacture and sell petrochemical products, and generate power and produce geothermal energy. (http://www.chevron.com/about/leadership/). Exxon is also another well-known company. Exxon produces and sells fuel and produces petrochemical products. Chevron and Exxon have both been on the fortune 500 list for over five years. Human resource policies, merging of companies, and ____ have all contributed to the success of these companies.

Majority of the data available online is either too biased or not peer reviewed and hence misleading to the readers. Natural gas is a very valuable resource and can be combined with engineering innovations to vastly improve human life. For instance, natural gas can help enhance energy efficiency by making the methane and ethane conversion process more effectual and economic. Also, natural gas can be used to generate hybrid high-temperature fluids for cleaner sources of energy such as solar thermal as well as natural gas powered systems for effective cooling and heating applications.3 In this age of technology, it is extremely important to discover ways to augment the potential of natural gas while taking the environmental implications into consideration. Sustainable ways should be developed to generate cleaner and more efficient energy while still embracing the economics benefits of the industry. While considering economic benefits of the hydraulic fracturing industry, it is also of utmost importance to consider those who are residing in areas of current or future shale gas operations for detrimental effects to their health and

Shale extraction has brought both economic growth and environmental destruction. The current United States shale gas thriving in the opinion of advocates has begun a new age of low-priced, clean domestic energy and widespread economic benefits. However, there have been strong calls to assess the public health impact; associated risks to human health and safety, the ecological impact; habitat fragmentation and toxic emissions (to air, water and soil), the socioeconomic wellbeing of impacted communities, as well as the overall effects on global climate.

In the U.S., the advanced hydraulic fracturing and horizontal drilling lead to a revolution of natural gas and oil, brining about the dynamic job opportunities and economic growth which affects other industries apart from natural gas and oil field. As a superpower of energy, the United States can make good use of its rich resources with the correct policies and build a bright future for Americans and reduce energy-caused risks globally (Mark Green, 2014).

The purpose of this report is to discuss estimated ultimate reserves of gas, oil, and NGL. Also, to discuss the drilling and development costs per well for the Eagle Ford shale, the Bakken shale, the Marcellus shale, and the Tuscaloosa Marine shale. Next, I will comment on the first exploratory well and the company responsible for the discovery well. I will then discuss the

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 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.

Gas and oil development plans are branded by huge capital investments. Exploration and production operations incorporate numerous activities, reaching from undertaking geological surveys, finding hydrocarbon resources, and commercially exploiting them. Projects in this area are of a high risk nature in physical trading, and political sense as it is hard to know in advance the presence, degree and value of hydrocarbon resources, as well as production costs and the price oil of oil in the global world market Kaiser, Mark .J (2007)