ExxonMobil is one of the largest integrated oil companies in the world besides the Royal Dutch Shell and BP. The company involves in various oil and gas processes such as oil exploration, production, supply, transportation and marketing. It had proved oil reserves of 24.7 billion barrels in the whole country and 23 refineries in 14 different countries with a holding capacity of 5 million barrels per day. Furthermore, their gas tank supplied gasoline to more than 19,000 gas stations worldwide while the majority being supplied in the US itself. On the other hand, they are also one of the biggest petrochemical producer downstream. Behind any successful companies, there is a man that made it all happen. This man happens to be Rex Tillerson. He is a Texan-born American that earned a bachelor degree in civil engineering in the University of Texas, Austin before recruited by Exxon in 1975 as a production engineer. He climbed the corporate leader for many years to gain his success for the company. Then, in 1992, he became the production advisor to Exxon Corporation. Three years later he was named the President of the Exxon Yemen Inc. which was responsible for Exxon’s holdings in Russia and Caspian Sea. In 2006, after being promoted in various other important roles in Exxon, he assumed his current position of the Chief Executive Officer of Exxon Mobil. Exxon has achieved greatness in many aspects since 1859 when Drake discovered the first oil well in Titusville, PA that triggers
- 1863, John D. Rockefeller founded company to control most of nation’s oil refineries by eliminating competition.
Alexander Stephens in “The Cornerstone Speech,” (1861). Alexander Stephens was the Vice President of the Confederacy during speech, but was originally a Whig. As a Whig, Stephens opposed the Deep South’s secession, but while attending the Georgia convention, Stephens signed the Ordinance of Secession. “The Cornerstone Speech,” overtly stated slavery was the decisive reason for secession, and it was the foundation of southern society and therefore would be the main principle of the Confederate States of America. [INSERT STEPHEN THESIS HERE]. Stephens arrogantly throws away his past liberal principles to guide the Confederacy, resulting in a struggle with his personal ideologies
Exxon/Mobil, one of the nation's leading oil producers, has its main refinery located in Beaumont, Texas. Each year, the residents of Beaumont/Port Arthur have to contend with the 39,000 pounds of pollution spewed each year by the Exxon refinery. Exxon's emissions are 385%
1. Talisman Energy Inc. started as a small independent oil company which needed to grow and expand internationally since that North
Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).
Exxon Mobil has a research and development department that is evolving its technologies to stay competitive. The company is continually working on assessing its products environmental life cycles to lessen the long term environmental impact. Exxon Mobil is striding for less greenhouse gas emissions then it has in the past.
It is unfortunate that racism and sexism continues to exist in today’s generation. I really do not understand the differences between skin color or gender. I am not sure if the misunderstanding is because I grew up in a diverse community or my eyes and heart are blind. I am proud that I have raised my son to also have eyes and heart that are blind to color and gender. As a single parent I have had to change my tire and oil and with that same perspective, I will have my son wash his own clothes. I have shared with my son, if a woman can do the job, so can a man and vice-versa. In the video, A Class Divided, Jane Elliott, the third grade teacher shared a new perspective that was creative and perceptible and ethical. We are all humans with the same color of blood
The Deontological ethics is marked by steadfastness to universal principles—for example, respect for life, fairness, telling the truth, keeping promises—no matter what the consequences (Halbert, Law & Ethics in the Business Environment. pg. 17).
One of the most reputable resources that Exxon Mobil has today is a strong brand name. Exxon Mobil operates all over the world and is recognized in every part of the world (Datamonitor, 2008). When people all over the world know who a company is, what they do, and where they are located, the company gains a unique competitive advantage over
BP p.l.c. is an energy company with an upstream business of extracting crude oil and downstream business of providing processed energy to companies. It is listed in both the New York Stock Exchange (NYSE) based in the United States of America and the London Stock Exchange (LSE). BP is based in London and they carry out oil prospecting extraction and retail its product in more than 70 countries. Out of the companies operating in the oil industry, the biggest two competitor of BP is ExxonMobil and Chevron. ExxonMobil and Chevron are chosen due to their similarities to BP and they are ranked
While ExxonMobil’s engagement with communities that are proximal to their operations can often be described as proactive and
For hundreds of years the United States has been attracting immigrants from a variety of different countries, races, and religions to come live in a land full of freedom and opportunity. These people were looking for more than just rights and privileges. Their real desire was to become something that represents pride and honor, an American. Being an American means much more than living in the United States. Along with the name come a number of different benefits such as, freedom of speech to express your own opinion, freedom of religion, and equality for all, including different sexes, races, religions and status.
On April 20, the explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico led to the largest accidental release of oil into marine waters in history. As a result, a huge loss of money and life was caused and affected serious environmental damage to wild animals and water pollution. BP was accused of their irresponsibility that it took 87 days before the well was closed and sealed. BP’s shares
World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.
Chevron Texaco, or Texaco Shell, is the leading competitor to ExxonMobil. Texaco is in the same areas of business as Exxon. Their petroleum products and lubricants are sold in the same markets, stores, and in many cases opposite street corners from each other. The two companies are very similar, but Exxon’s recent petroleum deals in the Middle East and Africa have allowed its stock price to jump ahead for the time being (1). In the industry, the two companies mainly compete for the ability to negotiate for new production. The competition is not made at the pump or at the local auto store. It seems that it’s more important to control oil than it is to sell it quickly. Because oil has so much value and power in the world, the industry is made of semi-friendly companies. Surviving and making as much profit as possible, is more important than trying to put people out of business.