Thursday, January 9, 2020

Exxon Mobil Corporation An Energy Company Essay - 940 Words

Headquartered in Irving, Texas. Exxon Mobil Corporation is an energy company that explores for and produces crude oil and natural gas. As one of the largest manufacturers of petroleum products in the world, it transports and sells natural gas, crude oil, and oil products. Exxon is also a major manufacturer and marketer of commodity petrochemicals and a wide variety of specialty products. It also markets and refines chemicals, and has interests in power generation facilities. The company operates in two hundred plus countries in North America, Europe, Asia-Pacific, Latin America and Middle East/Africa. Formed by the merger of two big oil companies in 1999, Exxon and Mobil, the corporation is now the world’s 8th largest by revenue and third largest publicly traded company by market capitalization. Exxon’s history is the story of two groups; both Exxon and Mobil are descendants of John D. Rockefeller s Standard Oil Company of Ohio, incorporated as Standard Oil Trust in 1882. The Oil Gas industry boomed after world war two. A new cultural change based on automobiles led the world oil consumption to overtake production, a scarcity that would allow the company to grow its revenue by more than 100% in 10 years from 1958 to 1968, something that the Organization of Petroleum Exporting Countries (OPEC) would also soon take advantage. In 1973, OPEC placed an embargo on oil shipments to the U.S. The price of oil almost instantly quadrupled, and a new era of energy awareness started.Show MoreRelatedExxon Mobil : A Great Stock For Beginner Investors1666 Words   |  7 PagesExxon Mobil is the one of the largest publicly traded corporations in the world with a market capitalization of nearly $410 billion. Primarily in the oil and gas extracting as well as refining business, it is one of the largest super-majors in the world. Employing over 82,000 people it runs operations worldwide, with its headquarters located in Irvine, Texas. Exxon Mobil is a committed company with good corporate culture and a great code of ethics. The ethics of the company lead it to have vestedRead MoreExxon Mobil1642 Words   |  7 PagesCompany Description Exxon mobile also know as Xom in the New York Stock Exchange is on of the largest producers of fossil fuels. Exxon engages in oil and gas exploration, production, supply, transportation an d marketing in a global economy (Bloomberg). They hold over 13 billion barrels of oil in reserve. Exxon also has thirty eight refineries spread over 21 countries (Annual Report). The company also has a thought put capacity of 6.3 million barrels of oil daily. Target Market Exxon has a huge targetRead MoreExxon Mobil And Mobil Corporation1224 Words   |  5 Pagesexample, Exxon Mobil Corporation, also known as, Exxon Mobil, is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. 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Rockefeller †¢ Marcas: o Exxon o Mobil o Esso †¢ Casa Matriz: IrvingRead MoreMobil Corporation : Petroleum And Natural Gas Exploration Essay1668 Words   |  7 PagesBackground Exxon Mobil Corporation is one of the largest international petroleum and natural gas exploration/production companies in the world. The main focus of the company is energy, involving the exploration and production of crude oil/natural gas, manufacturing of petroleum products and the transportation/sales of these said products. The company includes hundreds of affiliates which divides its business units into three main areas; upstream, downstream and chemical. The upstream section

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