These investments in China would enable the company to export refined products or establish fresh refining capacity and take advantage of the increasing demand for refined products in the country. Steady financial performance enables the company to manage its operations well and also increases the financial flexibility of the company. The share of natural gas is to reach 40% by 2040. Leading market position across key product lines gives the company a competitive edge with a strong brand image. The Exxon Mobil is one of the leading firms in its industry. Revenues generated in fiscal year 2003; Principal business offered, including integrated oil company.
It is this spill that led to congress to pass the oil pollution act of 1990. When the company increases its operations, increase in the prices of the fuels around the world can give boost to its business. Exxon Mobil is considered the strongest brand to supply oil and energy to its clients. If this trend continues geopolitical risks could bring unforeseen challenges to Exxon production and costs. Please refer to the for usage guidelines.
The eight day strike by workers resulted in the stoppage of the full production of 800,000 barrels per day and forced the company to declare force majeure on its shipments. I think that Exxon made a lot of mistakes, and could have handled themselves a little better, but I do not necessarily agree that Exxon should have fired Hazelwood. This goes hand in hand with the environmental requirements against global warming and oil spillages that ExxonMobil must address. This lack of choice can give a new competitor a foothold in the market. Top Deals 2010 - 2014 Table 17.
The upstream business segments accounted for the 67% of the earnings in 2012, and 84% in 2011. It is now the largest company in the world by revenue with 37 oil refineries in 21 countries. Stay up to date on the major developments affecting the company. This brand portfolio can be extremely useful if the organization wants to expand into new product categories. Send your data or let us do the research.
Opportunities Increasing demand for refined products in China The demand for refined petroleum products in China is expected to rise sharply in the coming decades. This will require the company to adopt to social requirement, such as the diversity issue raised in their organizational structure. Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably. It is said after the initial Valdez spill, it took Exxon 10 hours to initiate any attempts to contain the damage and a further 7 day to release a press release. This is one of the. Recent developments in the company covered in the profile help you track important events. Through vertical integration, ExxonMobil is able to take control of the whole process whereby from crude oil, ExxonMobil manufactures gasoline, diesel, lubes, aviation and jet fuel, liquefied petroleum gas, fuel oil, chemicals and waxes.
The company operates in six continents. Other markets may present as equally difficult to enter due to political differences. Increasing Demand of Fuel 2. Weakness of Exxon Mobil — Internal Strategic Factors Weakness are the areas where Exxon Mobil can improve upon. This should open a window of opportunity for Exxon Mobil in other product categories. Looking at Exxon Mobil Corporation D. Deal Activity By Deal Type - Volume 2010 - 2014 Table 16.
Such employee actions adversely affect the operations of the company and result in decline in the productivity. The company has strong and diversified portfolio to bring the company at strong position. In June 2008, Exxon Mobil was sued by the attorney of San Francisco. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. Those that have the ability are able to buy the best assets at favorable terms. It has successfully integrated number of technology companies in the past few years to streamline its operations and to build a reliable supply chain.
Exxon produces, transports, and sells crude oil and natural gas throughout the world. The total oil and gas production available for sale averaged 4. There is need to ensure that its future economic growth is not to the expense of social and economic sustainability. They and the media were not happy about the response. Exxon Mobil is the leading global supplier of lube basestocks and marketing finished lubricants, asphalt, and specialty products.
Take advantage of the strengths and maximize them. Advancement in technology has led to discoveries that have made oil more assessable, which is an advantage for oil drilling companies as it leads to operational efficiency. The company is governed by these regulations which could impose new liabilities on the company. This refinery was formerly owned by Exxon Mobil. Further, in May 2008, port workers of Exxon Mobil carried out a strike at the Los Angeles-area refinery in Torrance, California.
Still in other regions, Exxon Mobil has opted to gain access to foreign markets through joint ventures. All of its core lines of business are doing well. It contains all the information on these web pages, plus a Proforma Invoice request form, should you need it to satisfy your company's internal order procedures. Exxon Mobil has a leading market position It has different revenue streams It has a steady financial performance Weakness Persistence Employee conflict Weak upstream performance in the United States Opportunities Increased demand of its products from china Rising demand of gas High demand than the supply Threat Environment regulations for instance ensuring that the end products do not pollute the environment Emergence of alternative energy sources Economic depression in the United States The following steps below can assist you in creating a successful swot analysis. Exxon Mobil Corporation Exxon Mobil is engaged in exploration and production of crude oil and natural gas, manufacture of petroleum products, and transportation and sale of crude oil, natural gas, and petroleum products with a global presence. It is a major manufacturer and marketer of commodity petrochemicals including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. In terms of threats, ExxonMobil is faced by increasing environmental regulations and social responsibility.