Summary Of The Exxon Case

Exxon/Mobil, one of the nation's leading oil producers, has its main refinery located in Beaumont, Texas. Each year, the residents of Beaumont/Port Arthur have to contend with the 39,000 pounds of pollution spewed each year by the Exxon refinery. Exxon's emissions are 385%

This paper includes information regarding the BP Oil spill. References are listed at the bottom.

Enron, the natural gas provider turned trader of natural gas commodities and in 1994, electric, was once touted as the seventh largest company in America. Kenneth Lay, founder, began changing Enron from just a provider into a financial energy powerhouse. Lay took advantage of the dot-com boom of the late 1990’s by creating Enron Online, an internet trading platform. Internet stocks were valued at astronomical prices and were all the rage on wall street, who accepted the increasing prices as normal (Investopedia). On December 2, 2001 Enron declared chapter 11 bankruptcy, resulting in the loss of twenty thousand jobs and billions of investor and creditor dollars. Enron, once designated as "America 's Most Innovative Company" by Fortune for six years consecutively, enacted massive financial fraud at the fault of its top level executives: Kenneth Lay, Jeffery Skilling, and Andrew Fastow.

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.

incidents at oil and gas sites… …oil and gas sector from a host of federal pollution rules that

It is important that achieving environmental justice becomes an aim that is universal. This is because minorities and those with a lower socioeconomic status bear the burden of environmental hazards. Environmental hazards can impact the quality of the air, water, and land. Exposure to these environmental hazards can occur through inhalation, ingestion, and absorption. Thus adverse health outcomes may result. Because minorities and those of a lower socioeconomic status typically bear the burden of environmental hazards, they are at an increased risk of adverse health outcomes. This is especially harmful to vulnerable populations including children and the elderly. This is seen in the environmental justice case, Maynas Carijana vs.

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

Ethics are very important in the business world and to the general public. Ethics is defined as a system of moral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public. In the following pages we will discuss the 1989 Exxon Valdez oil spill disaster and examine how it relates to (1) the state of business ethics since 2000, (2) examples of the classic

Esso Latin America’s strategic location of Managua became the epicenter of a war between the Sandinista government and a counterinsurgency led by the United States-backed Contra rebels for nearly all of the 1980s. Lack of stability in the Central American region meant, outside of their regional offices in Coral Gables, this wasn’t exactly an ideal working environment! In spite of that, I eventually garnered an offer of employment and henceforth presented with a dilemma. Although I certainly coveted the Exxon position with its career path and higher remuneration, there were periodic kidnappings as an outgrowth of the war. And Americans working for multinational corporations were especially valuable. Adding another degree of difficulty to an

Pioneer Petroleum Corporation (PPC) has two major problems that are interfering with the goal of the firm to maximize shareholder wealth. The first is that PPC has been calculating their weighted average cost of capital incorrectly, by incorrectly calculating their after tax cost of debt and their cost of equity. This miscalculation has subjected PPC to more risk and has hurt the company’s ability to make appropriate investment decisions. This has also led PPC to accepting investment decisions that should not have been included within their acceptable range. Second, PPC has been using a single company-wide rate for their multi-divisional company. In either instance the company is not

Pacific Oil Company is a Sweetwater Oil company of Oklahoma City, Oklahoma. It was founded in 1902. One of the major chemical lines of Pacific's is the production of vinyl chloride monomer (VCM).

It is 2017. In an era of globalisation with a worldwide population totalling over 7 billion, colossal multinational companies have become entrenched in prevailing society, with their daily operations impacting the lives of millions of people. This has made the role of ethics and ethical business practice crucial to the goals of sustainable development and the preservation of social order. The ExxonMobil climate change controversy will examine a case where complex ethical decisions were made, with the potential for staggering ramifications on a global scale. This case study highlights the vital importance of stringent adherence to business ethics by transitional businesses but also the ambiguity that comes with ethical interpretation.

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).

who will ultimately be held responsible and will they adequately compensate the families of the victims, BP who leased the rig, Transocean who owned the rig, Hyundai Heavy Industries who built the rig or MMS who conducted the inspections on the rig.

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.