Multinational Oil And Gas Company Essay

Multinational Oil And Gas Company Essay

Length: 1470 words (4.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

ExxonMobil is a multinational oil and gas company with its headquarters offices in Irving, Texas. It was formed in 1999 through a definitive agreement between Exxon Corporation and Mobil Oil Corporation to merge and create a new company. In essence, the corporation produces, distributes and sells oil and natural gas across the world. The structure and culture help it survive the price burst which often occurs in the global oil market. Notably, among its largest competitors, ExxonMobil generates high revenue and produces large volumes of oil for every penny it spends. Besides, the company publicizes the highest price of natural gas and oil, both in absolute terms and for every employee it hires. Significantly, even in good years, the top managers are required to ensure a reduction of costs out of business, and make more sales from the company’s expensive oil projects. Today, the Corporation is the fifth largest publicly traded firm by market capitalization and also the eighth largest company by sales. The company 's market products across the globe are introduced under the brands of Esso, Exxon, and Mobil.
Active Reserves and Global Presence
ExxonMobil has reported robust and largest reserves compared to its competitors in the oil and natural gas industry. Furthermore, the company 's global position is high (Schultz & Williamson, 2005). For example, currently, it has over 35000 service stations across the globe and operates about 35 refineries across 21 countries.
Vertical Integration
One of the ExxonMobil 's advantages is that it works in the entire operation of oil development from production, resource exploration, refining, and manufacturing of byproduct. The company has a vertical integrat...

... middle of paper ...

...d ensure that all the legal uncertainties are eradicated to steer growth and expansion of the business. Besides, litigation and control of all the risks involved should remain an approach to achieve sustainability and increase the market opportunities globally.
ExxonMobil is an international institution whose performance is influenced by various internal and external aspects. From the study done, it is clear that the company has important strengths which enhance its existence in the competitive market. Moreover, the institution’s main center of gravity is exploration and extraction of oil products and maintaining the environment within which it works. By establishing major projects, the company has enhanced its market and profits globally. Additionally, the recommendations are critical in eradicating a decrease of brand image and the downstream of margins.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Multinational Corporation And Worldwide Enterprise Essay

- The Multinational Corporation Introduction A multinational corporation or worldwide enterprise [1] is an organization that owns or controls production of goods or services in one or more countries other than their home country. [2] It can also be referred as an international corporation, a "transnational corporation", or a stateless corporation. [3] One of the first multinational businesses was the India Trading [4] company and was created around 1600, around 1602 the Dutch India Trading company was created and remained the largest corporation in the world for nearly 200 years....   [tags: Multinational corporation, Corporation]

Better Essays
708 words (2 pages)

A Brief Note On British Petroleum And The Oil Spill Essay

- Introduction: British Petroleum is a big name in the Oil industries. It is counted as one among the seven super major oil and gas producing organizations. Main focus of the business is to extract oil, generating energy, making lubricants and petrochemicals for individual customers as well as the other related companies. British Petroleum is a multinational company operating its business in more than 70 countries. ( Oil Spill at Gulf of Mexico: Deepwater Horizon witnessed the dangerous British petroleum oil spill explosion....   [tags: Petroleum, Oil spill, Exxon Valdez oil spill]

Better Essays
726 words (2.1 pages)

Company Analysis : Chevron Corporation Essay

- Chevron Corporation is a one of America’s multinational energy-producing company that yields safe and efficient energy to others. It was established in 1879 during which they dealt with the energy products such as oil, gas, and geothermal energy industries. Geothermal energy industries include marketing, refining, production, exploration, and sales. Chevron has been a successful standard oil-manufacturing that is widely recognized throughout 180 quarters across the world and resides in San Ramon, California....   [tags: Petroleum, Natural gas, Standard Oil]

Better Essays
1179 words (3.4 pages)

The Help of Shell in the Niger Delta Region Essay

- ... Accordingly, what have been the good and the bad of the SCD. In the conclusion, a summary of these chapters will be given.   Nigeria, The Niger Delta and the Nigerian Government Nigeria might be rich in resources; its population lives in poverty. With a Multidimensional Poverty Index (MPI) of .31, it was ranked number 157 out of the 186 United Nations (UN) member states in 2012. Also, according to the World Bank, the poverty headcount ratio was 68%, meaning this part of the population lived with less than $1.25 a day in 2010....   [tags: oil and gas operators, multinational corporations]

Better Essays
1082 words (3.1 pages)

Essay on China, India, and Multinational Enterprises

- Relevance According to the International Monetary Fund (IMF), World Economic Outlook, advanced economies with deficits will need to compensate for decreases in domestic demand with increases in international exports. Emerging markets such as China and India will compensate by shifting from international markets to their own domestic markets. The IMF has also projected that China will overtake the US economy by 2015 and India is expected to be equal in size to the US economy by 2020 (International Monetary Fund (IMF), 2011)....   [tags: Economics]

Better Essays
1096 words (3.1 pages)

Essay on Analysis Of Shell Petroleum Development Company Of Nigeria

- Analysis of Shell Petroleum Development Company of Nigeria Name Institution Analysis of Shell Petroleum Development Company of Nigeria Shell Petroleum Development Company of Nigeria (SPDC) is a multinational company based in Nigeria for the last 50 years dealing with petroleum products. Apart from offering exploitation and drilling of oil in Nigeria, shell has ventured in the power generation to serve the small and medium enterprises in Nigeria. The production of oil takes place in the Nile Delta region which stretches 30km2 where the company is working in 90 oil fields with a total of 1,000 oil wells....   [tags: Petroleum, Natural gas, Petroleum industry]

Better Essays
949 words (2.7 pages)

Three Important Facts About BHP Billiton a Multinational Mining Company in Australia

- THREE IMPORTANT FACTS ABOUT BHP BILLITON: CARRYING OUT OPERATIONS SAFELY AND TAKING CARE OF PEOPLE SAFETY The safety and health of people is core to every aspect of business. People return home safe and well at the end of day and enabling them to end their working life fit and healthy are central to everything industry do. There operations are in system in place to identify, manage and effectively respond to foreseeable crisis and emergencies. Collectively, these requirements are designed to enable our operations to safely return to full function as possible....   [tags: energy, climate change, environment]

Better Essays
1757 words (5 pages)

Essay on General Electric, A Swot Analysis

- The first step to doing an external analysis on General Electric is to conduct a PESTEL Analysis. PESTEL is an acronym for political, economic, sociocultural, technological, ecological, and legal factors affecting a company. Using the PESTEL model, it is easy to evaluate external factors that could possibly have an effect on the company. With General Electric being a multinational company, political factors play a huge part in their operations. GE has to be aware of all of the different tax laws in all of the companies that they operate in which is over 170 different countries ( ....   [tags: Corporation, Multinational corporation]

Better Essays
1249 words (3.6 pages)

Foreign Direct Investment and Development Essay

- Introduction Does Foreign Direct Investment (FDI) lead to development. This has been one of the central questions of discussions in most of academia. The involvement of FDI in developing economies is one of the signs of globalization. There have been a considerable amount of money transferred from developed to poorer countries. Foreign investment can be observed in form of capital inflow and technology transfer. This paper tries to explore the nature of FDI and then discuss its effect on the recipient country....   [tags: business, multinational corporations]

Better Essays
2769 words (7.9 pages)

The General Electric Company Essay example

- The General Electric Company abbreviated as GE is among the main expanded technology, mass media and fiscal services corporations internationally. The headquarters is in a town known as Schenectady in New York and in Fairfield, CT. It functions via 11 core areas, they include GE Advanced Materials, GE Consumer & Industrial, GE Energy; GE Healthcare, GE Infrastructure, GE Transportation, NBC Universal (80 percent owned by GE), GE Commercial Finance, GE Consumer and GE Insurance. GE is a multinational and functions in in excess of 100 countries globally and makes roughly 45 percent of its incomes away from the US....   [tags: Technology, Investment]

Better Essays
1416 words (4 pages)