EXXON MOBIL analysis

Document Type:Essay

Subject Area:Business

Document 1

In the light of the above factors, several energy-related companies have in the forefront for the past years because of their manufacturing as well as their management strategies. The aim of this paper is to analyze the sale presentation strategies of the products of ExxonMobil Corporation, one of the leading natural oil producing company in the world and it is geographically placed in the United States. In order to produce a professional proposal, my discussion will mainly have centred on the company, with an inclusion of its historical background together with its overview in the first section. In the second section, I will analyze the Exxon’s products as well as its services together with the operations of the company (Albert, J.

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R. On the account of the structure of governance, the objective of the company’s management is always to increase the rate of a wealth of its shareholder (Minta, M. Therefore, as a result, it has been in limelight as one of controversial energy producing companies most probably in regards to extraction methods of natural gas as well as the impacts of the oil spills on the surrounding in which the efforts of the company did not work and meet and expectations of the society. However, in recent years Exxon has realized the same public affected was their consumers, the company greatly adhered to environmental sustainability calls of the society thereafter enabling it to create more public relations as well as corporate responsibility strategies.

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History of the company In the year 1870, John Rockefeller together with his partners formed oil company known as Standard Oil Company of Ohio. In the year 1882, this company affiliated with Standard Oil Company from New Jersey and another one from New York. Their market operations are mainly based the United States although they exported some of their products to other parts of the world. However, there have been calls against the procedures that are applied by the company to extract natural gas. The company has gone further to improve its efficiency by finding other means of extracting and producing natural gas and oil both within as well as outside US, Africa and the Middle East which is believed to be its biggest targets without negatively affecting the public around them (Meidel Jr, R.

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W. et al. However, the above main divisions play a fundamental role in enabling the company to be self-reliant from exploration to retail as well as by-product processing that is aimed at retaining profits within the corporation as well as enabling the company to enhance and achieve greater efficiency levels at very low costs. Vision The vision of Exxon Mobil Corporation is to lead in the world as the Petrochemical and Petroleum Company. The company believes in achieving this through financial as well as operational superiority and adhering to ethics of business. This tends to present a conflict, especially where production of oil, the availability of methods of production may be detrimental to the environment. Ethics of business on the other hands dictate that company should always adhere to procedures of environmental conservation.

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Its leadership position has been maintained through strategies of the corporation to deal with and aim at its financial and operational excellence. As a leader in the energy production market, Exxon has been able to influence different political policies that in turn may influence the directions of the industry. Furthermore, Exxon Mobil Company is very powerful in regards to a diversification of streams of revenue. The company has based its major chains in the sector of energy and petrochemical industry thus enabling it to acquire more revenues from different individual products especially where one product may fail to perform well (Albert, J. R. R. In addition, the company is taking advantage of the political relationships between Africa and America to create more chance to extract natural gas and oil in African soil.

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Furthermore, research from world scientists on other energy forms like hydrogen has provided with an opportunity for ExxonMobil to minimize overreliance to oil fuels as well as the adaption of economic and environmental fuels. This case will enable the company to diversify its product portfolio and its revenue streams (Silber, J. R. R. Therefore, Exxon Mobil may look for routes o circumnavigating these policies for the aim of maximization of their shareholders’ wealth which in turns leads to more control as it is against government-owned corporations. The following are some of the major competitors of Exxon Mobil Corporation: Royal Dutch Shell, Total, British Petroleum, ConocoPhillips, Chevron Corporation, as well as Saudi Oil Corporation. Team management & leadership Exxon Mobil Corporation’s management tends to be structured along a vertical management pyramid.

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This is adhered to ensure there is more competent and experienced personnel that are at the policy as well as a capacity of strategy development of the company in regards to its technical competencies and knowledge (Minta, M. Therefore, this is an indicator of confidence of shareholders that may be as an impact of global energy viewpoint forecast that has placed promising emphasis on the upcoming of sources of energies around the world (Minta, M. Strategies Exxon Mobil Corporation’s strategy is to maximize its efficiency for the purpose of reducing its costs through employing technically very competent management individuals to lead divisions of the research of the corporation. This strategy enables the company to aim at increasing its efficiency as it is the primary way of maximizing its financial performance.

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This seems to be the very effective strategy, especially in the current energy market because of the availability of information in the market, revenue increase through price increase will thus leading to customer loss. In addition, Exxon Mobil Company tends to concentrate its efforts on the advertisement at the segment of retail. Conclusion Finally, I can argue that Exxon Mobil has recently established itself as the global in a sector of energy production as it is focused on its strengths and address its weaknesses to its customers as it is building upon its opportunities as well as it is curbing its threats. The company in so doing, it has been to achieve great financial fetes and becoming the preferred company for investors since the financial outlook of the corporation portray the increased value of wealth (Minta, M.

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In addition, the social and management strategies of the company have been effectively and efficiently planned and then implemented for the aim achieving the vision and mission of the corporation. References Daniel, M. C. , Mittricker, F. F. , & Starcher, L. K. U. Oil price shocks, policy uncertainty, and stock returns of oil and gas corporations. Journal of International Money and Finance, 70, 344-359. Michael, I. C. , Min, W. F. , Rasmussen, P. C. , Starcher, L. K. S. Patent and Trademark Office. Mittricker, F. F. , O'Dea, D. U. S. Patent No. Washington, DC: U. S. Silber, J. R. Constructing a scenario planning method as a tool for political risk mitigation: The case of Exxon Mobil’s Operations in the South China Sea (Doctoral dissertation, Stellenbosch: Stellenbosch University).

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