Integrated Oil Companies and ExxonMobil Analysis
BUS 690: Business Strategy
Dr. David Kalicharan
December 22, 2014
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.
Integrated Oil Companies and ExxonMobil Analysis
The Oil and Gas Industry is one of the oldest industries in the world. 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 i...
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...d gas industry. The same can be used for developing business strategy for surviving in the competitive business world. It is evident from the case that in spite of increasing oil prices, the profits of oil and gas companies are not increasing at the same rate. The process management design is very important for organization to gain competitive advantages especially in the oil and gas industry. IOCs, especially ExxonMobil, are already ahead as they currently invest in alternate energy fuels for sustaining in the business.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2011). Concepts Strategic Management:
Competitiveness & Globalization (9th ed.). Mason, OH: South-Western Cengage
Pearce, J. A., & Robinson, R. B. (2010). Strategic Management: Formulation, Implementation
and Control (12th ed.). New York: McGraw-Hill Education.
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