Swot Analysis Oil And Gas Industry

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Integrated Oil Companies and ExxonMobil Analysis Edwin Romero Ashford University BUS 690: Business Strategy Dr. David Kalicharan December 22, 2014 Abstract The Oil and Gas Industry is one of the oldest industries in the world, which plays a crucial role for the survival of mankind on this earth. As the future is demanding for nonhydrocarbon energy sources, we still foresee the need for oil and gas energies. We’ll look through a Strengths Weaknesses Opportunities and Threats (SWOT) analysis for integrated oil companies (IOCs), and provide recommendations. As ExxonMobil is one of the largest companies in the oil and gas industry, we’ll look at a comparison and a competitive analysis with other IOCs, and give recommendations.…show more content…
This industry plays a crucial role for the survival of mankind on this earth. It is tough to imagine life without the products of oil and gas companies. The ExxonMobil is one of the largest companies in the oil and gas industry. This company had experienced ups and own in its journey from beginning till now. In order to understand the Oil and Gas Industry, we’ll need to look at the Strengths Weaknesses Opportunities and Threats (SWOT) analysis for integrated oil companies (IOCs), as well as a competitor’s analysis of ExxonMobil in order to provide recommendations for both IOCs and ExxonMobil. The case study “Oil and Gas Industry,” by Andrew Inkpen, discusses and predicts that there is still a need for the demand for oil and gas for the next few decades, despite the pressure to develop nonhydrocarbon energy sources that are currently being sources and used in hybrid vehicles (Pearce & Robinson,…show more content…
The Standard Oil of New York became Mobil. Later Exxon merged with Mobil and created “ExxonMobil.” This company is one of the many integrated oil companies (IOCs) that are known at the global level. The revenues of ExxonMobil are high compared to other companies in the IOCs list. At the global level the ExxonMobil stands in second position next to Petrochina, from the perspective of market capitalization at the global level. It is essential to analyze the competitor strategies in the modern world for sustaining in the business. Even though numbers of players in the oil industry are less but competitor analysis is mandatory for developing the right business strategy. Since the beginning of ExxonMobil, their vision of merging IOCs’ has shown other companies the future in order to survive in the oil and gas industry. The competitor analysis of ExxonMobil compared with some selected competitors in the industry is shown in the following

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