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.
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...
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...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.
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