Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Exxon mobil introduction
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Exxon mobil introduction
Exxon Mobil
Exxon Mobil is listed as one of the worlds largest fortune 500 companies according to Fortune Magazine, 2006. Because of its size, I became interested in this company for my research paper on corporate social responsibility.
Exxon Mobile has a rich history that dates back to 1859. It all started when two individuals drilled an oil well in Pennsylvania. In 1870, Rockefeller and his associates formed the Standard Oil Company. Many businessmen, such as Thomas Edison and the Wright Brothers began to depend on oil for their inventions. In 1926, Standard Oil Company changed its name to Esso. In 1959, the company developed a famous slogan put a tiger in your tank. In 1972, the company changes its name to the Exxon Corporation (www.exxonmobil.com).
On March 24 1989, the tanker Exxon Valdez runs aground in Prince Williams sound, Alaska. This was a tragic accident that the company deeply regrets. It all began when the Valdez was traveling towards California when it hit a coral reef. As a result, of this accident, significant quantities of oil began to seep into the waters. According to most, the action to contain the spill was slow. As a result, the media blamed Exxon for not responding fast enough to the crises. Many of the wildlife including birds, fish and other mammals were kill...
... middle of paper ...
...spill, but they got past it, emerged as one of the worlds leadings oil and natural gas producers in the world. Hopefully, other companies will follow Exxons example and on how to overcome negative publicity and go on to becoming a leader in the industry that practices corporate social responsibility.
Bibliography
1.Corporate Citizenship Report. Virginia: Elizabeth Beauvais.
2.Goodpastor, Kenneth. Nash, Laura. de Bettignies, Henri-Claude. Business Ethics: policies and persons 4th edition. Mcgraw Hill Irwin Publishers. Pages 396-405
3.Nelson d.Schwartz. Fortune April 2006: Pages 78-88
4.Daniel Fischer. Forbes April 2006: Page 42
5. ExxonMobile.Com. http://www.exxonmobil.com/corporate/community
6. Dictionary.com. http://dictionary.referance.com/browse
Fifth Edition Vol 2, New York: Longman, 1999. Hidey, Ralph W. and Muriel E. "History of Standard Oil Company (New Jersey), Vol. 1" Pioneering in Big Business" " Taking Sides Clashing Views on Controversial Issues in American History" eds.
Imperial Oil ltd. Limited (Esso) is a Canadian public corporation that produces crude oil and natural gas. Currently the headquarters are based out of Calgary, Alberta employing over 5000 people, with Exxon Mobil owning 69.6 percent of the company. Imperial Oil ltd. was previously located in Toronto and has recently moved all main facilities over to the Calgary, Alberta headquarters.1 Esso was incorporated in London, ON in 1880 and became a land mark in the development of crude oil and natural gases.1 Its retail business consists of service stations and "On the Run Express and Tiger Express-brand" convenience stores. Esso also owns a 25% portion of Syncrude, which are the world’s largest oil sands.1
Exxon Mobil is world’s largest publicly traded integrated oil company serving companies in more than 200 countries worldwide. Standard and Poor’s stock report for Exxon Mobil indicates that Exxon’s global functional organization and substantial diversification helps mitigate its exposure to business risk and margin volatility.
Exxon Mobil is a reactive company, in the sense that it only acts when things go wrong, the company had to embrace CSR in light of invents that threatened to tarnish the image of the company. However the company has tried to be proactive in some areas with minimal success, this includes: wind power and solar panel constructions, for instance, are real not just stories. 3% reduction of gas emissions and 23% of sulfur are also real and provable results.
The Exxon Valdez was the largest offshore oil spill in the U.S. until the BP oil spill. The Exxon Valdez spill released over 10 million gallons of oil into the Pacific Ocean. The spill effected over 1,100 ...
Pratt, Joseph A. “Exxon and the Control of Oil.” Journal of American History. 99.1 (2012): 145-154. Academic search elite. Web. 26. Jan. 2014.
Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
1. Exxon Mobil's nature of business is a natural haven for criticism; reporting record profits for 2005 only added fuel to the fire so to speak. The topic of nearly every conversation around the country had something to do with how much people were shelling out at the pumps or how the cost of most consumer goods was increasing a rate never experienced before; Exxon Mobil's feat did nothing but bring negative attention to the firm. However, Exxon Mobil knew that their profits wouldn't be well accepted by the general public and did its best to do a little damage control by creating charts comparing their profits to other industries, holding press conferences and by trying to educate the public on the costs of running their business by creating small informational advertisements. Yet, no matter how hard they tried, scrutiny was in evitable. Consumers were paying three dollars for a gallon of gas, the media constantly did special reports on the increasing cost of filling our gas tanks, and the Democratic Party constantly ridiculed the Republican's lack of effort to lower the prices of gas.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
On April 20, 2010, the Deepwater Horizon oil rig, located in the Gulf of Mexico exploded killing 11 workers and injuring 17. The oil rig sank a day-and-a-half later. The spill was referred to as the Deepwater Horizon oil spill, BP oil spill, Gulf of Mexico oil spill, and BP oil disaster. It was first said that little oil had actually leaked into the ocean but a little over a month later the estimate was 12,000-19,000 barrels of crude oil being leaked per day. Many attempts were made to stop the leak but all failed until they capped the leak on July 15, 2010, and on September 19 the federal government declared the well “effectively dead.” In the three months that it took to finally put a stop the leak, 4.9 million barrels of oil were released into the ocean. The spill caused considerable damage to marine and wildlife habitats and the Gulf’s fishing and tourism industries. The White House energy advisor, Carol Browner, goes as far to say that the Deepwater oil spill is the “worst environmental disaster the US has faced.”
In the two Exxon Mobile commercials presented, a number of employees of the company are trying to disprove the common overgeneralization that gas companies aren’t concerned with the condition of our environment. Many people assume that gas companies, such as Exxon Mobile, are simply concerned with the creation of gasoline in an effort to increase their profits; however, these commercials were designed to contradict that general assumption. In the first commercial, the creators are trying to demonstrate the diversity of their staff and the various tasks that they are assigned with that actually work to improve the environment. Not only are they trying to produce cleaner burning fuels and encourage energy efficiency, they are working on matters
Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right Fourth ed., Retrieved on July 30, 2010 from www.ecampus.phoenix.edu
ExxonMobil also made attempts at manipulating the public opinion on greenhouse gas emissions and energy issues because renewable sources could potentially cost them a lot of business (McNerney). Companies like ExxonMobil wounded the argument that fossil fuels are having a negative effect on the environment and led the American people to believe that our nation must wait to act in implementing renewable resource policies. The argued that we need to wait to act on an environmental emergency until “all the science” reassures us that fossil fuels and climate change is a serious threat to not only humankind, but also to our nation, and essentially, the entire Earth (McNerney).
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).