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Fortune Companies

- Exxon Mobil is an American multinational oil and gas corporation and one of the largest publicly traded companies in the world, ranked #2 for the past 5 years. - It has operations in nearly every corner of the planet, including exploration, extraction, refining, chemical production, and sales and marketing. - Exxon Mobil's stated mission is to be the world's premier petroleum and petrochemical company through achieving superior financial and operating results while adhering to the highest ethical standards.

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0% found this document useful (0 votes)
75 views9 pages

Fortune Companies

- Exxon Mobil is an American multinational oil and gas corporation and one of the largest publicly traded companies in the world, ranked #2 for the past 5 years. - It has operations in nearly every corner of the planet, including exploration, extraction, refining, chemical production, and sales and marketing. - Exxon Mobil's stated mission is to be the world's premier petroleum and petrochemical company through achieving superior financial and operating results while adhering to the highest ethical standards.

Uploaded by

Manoj Gulati
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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EXXON MOBIL

RANK : 2 (Previous rank: 1)


C.E.O : Rex W. Tillerson
COMPARISON TOOL : Exxon Mobil vs. Top 10

ADDRESS : 5959 Las Colinas Blvd.Irving, TX- 75039

WEBSITE : www.exxonmobil.com
BRIEF HISTORY
The oil giant made a big bet on the domestic natural gas market late last year
buying Texas-based XTO Energy for $41 billion. But refining and exploration
remain its backbone. The company drilled 45 new wells last year and hit pay dirt
on nearly two-thirds of them.

Other big projects: new ventures in Qatar, the Black Sea, and Kazakhstan,
including the giant Kashagan field located offshore in the Caspian Sea. With
operations in nearly every corner of the planet, Exxon always seems to get a seat at
the table when big projects arise. Maybe size does matter.

The EXXON MOBIL CORPORATION, or EXXONMOBIL, is an American


multinational oil and gas corporation. It is a direct descendant of
JOHN D. ROCKEFELLER'S Standard Oil company, and was formed on November
30, 1999, by the merger of Exxon and Mobil. Its headquarters are located in Irving,
Texas.

ExxonMobil is one of the largest publicly traded companies in the world, having
been ranked either #1 or #2 for the past 5 years. Exxon Mobil's reserves were 72
billion oil-equivalent barrels at the end of 2007 and, at then (2007) rates of
production are expected to last over 14 years. With 38 oil refineries in 21 countries
constituting a combined daily refining capacity of 6.3 million barrels, Exxon Mobil
is the largest refiner in the world, a title that was also associated with Standard Oil
since its incorporation in 1870.

ExxonMobil is the largest of the six oil super majors with daily production of 3.921
million BOE (barrels of oil equivalent). In 2008, this was approximately 3% of
world production, which is less than several of the largest state-owned petroleum
companies. When ranked by oil and gas reserves it is 14th in the world with less
than 1% of the total.

 Dow Jones Industrial Average component Industry Oil and Gas


Founded 1999 (merger)

 1911 (Standard Oil of New Jersey)

 1911 (Standard Oil of New York)


 1870 (Standard Oil) Founder(s) John D. Rockefeller
(Standard Oil) Headquarters Irving, Texas, USA Area served
Worldwide

 KEY PEOPLE

REX W. TILLERSON MARK W. ALBERS


(Chairman) & (CEO) (Senior Vice President)

MICHAEL J. DOLAN DONALD D. HUMPHREYS


(Senior Vice President) (Senior Vice President and Treasurer)

 PRODUCTS FUELS

 Lubricants

 Petrochemicals Revenue ▼US$310.58 billion

 Operating income ▼US$34.77 billion (2009)

 Net income ▼US$19.28 billion (2009)

 Total assets ▲US$233.32 billion (2009)

 Total equity ▼US$110.56 billion (2009)


OPERATING DIVISIONS

ExxonMobil is organized functionally into a number of global operating divisions.


These divisions are grouped into three categories for reference purposes, though
the company also has several ancillary divisions, such as Coal & Minerals, which
are stand alone.

 Upstream (oil exploration, extraction, shipping, and wholesale operations)


based in Houston, Texas
 Downstream (marketing, refining, and retail operations) based in Fairfax,
Virginia
 Chemical division based in Houston, Texas

 Operating divisions by category are as follows:

 Upstream

o ExxonMobil Exploration Company


o ExxonMobil Development Company
o ExxonMobil Production Company
o ExxonMobil Gas and Power Marketing Company
o ExxonMobil Upstream Research Company

 Downstream

o ExxonMobil Refining and Supply Company


o Sea River Maritime
o ExxonMobil Fuels Marketing Company
o ExxonMobil Lubricants & Specialties Company
o ExxonMobil Research and Engineering Company

 Chemical

o ExxonMobil Chemical Company


 ExxonMobil Global Services Company

o ExxonMobil Information Technology


o Global Real Estate and Facilities
o Global Procurement
o Business Support Centers

JOINT VENTURES AND OTHER STRATEGIC ALLIANCES

 Aera Energy LLC is an E&P joint venture with Shell Oil, operating in
California.
 Infineum is a joint venture between ExxonMobil and Royal Dutch/Shell for
manufacturing and marketing lubricant and fuel additives.

COMPANY’S SLOGAN

‘’Taking on the world's toughest energy challenges’’.

MISSION STATEMENT

"Exxon Mobil Corporation is committed to being the world's premier


petroleum and petrochemical company. To that end, we must continuously
achieve superior financial and operating results while adhering to the
highest standards of business conduct. These unwavering expectations
provide the foundation for our commitments to those with whom we
interact."
 

‘’To serve as an advocate and catalyst for safety in Work at Height by


providing the highest quality training with up-to-date, practical technology
and techniques’’
 
The following principles guide our relationships with our shareholders, customers,
employees, and communities:

 (A). SHAREHOLDERS

We are committed to enhancing the long-term value of the investment dollars


entrusted to us by our shareholders.  By running the business profitably and
responsibly, we expect our shareholders to be rewarded with superior returns.  This
commitment drives the management of our Corporation.

(B). CUSTOMERS

Success depends on our ability to consistently satisfy ever-changing customer


preferences.  We commit to be innovative and responsive, while offering high
quality products and services at competitive prices.

(C). EMPLOYEES

The exceptional quality of our workforce provides a valuable competitive edge. To


build on this advantage, we will strive to hire and retain the most qualified people
available and to maximize their opportunities for success through training and
development.  We are committed to maintaining a safe work environment enriched
by diversity and characterized by open communication, trust, and fair treatment.

(D). COMMUNITIES

We commit to be a good corporate citizen in all the places we operate worldwide. 


We will maintain high ethical standards, obey all applicable laws, rules, and
regulations, and respect local and national cultures.  Above all other objectives, we
are dedicated to running safe and environmentally responsible operations.

 Exxon Mobil Corporation aspires to be at the leading edge of competition in every


aspect of our business.  That requires the Corporation's resources — financial,
operational, technological, and human — to be employed wisely and evaluated
regularly.

While we maintain flexibility to adapt to changing conditions, the nature of our


business requires a focused, long-term approach.  We will consistently strive to
improve efficiency and productivity through learning, sharing, and implementing
best practices.  We will be disciplined and selective in evaluating the range of
Capital investment opportunities available to us.  We will seek to develop
proprietary technologies that provide a competitive edge.

We aspire to achieve our goals by flawlessly executing our business plans and by
adhering to these guiding principles and the foundation policies that follows.

VISION STATEMENT

‘’To be a respected turn-key solution provider for Work At Height that


consistently exceeds customers' expectations’’

 ExxonMobil Gives $500,000 to the Carnegie Endowment’s


New Vision—Pioneering the First Global Think Tank

“We are immensely grateful to ExxonMobil for its generous support of and
investment in the Endowment’s New Vision. With offices now up and running in
China, Russia, the Middle East, Europe and the United States, this financial
support is a further endorsement of the mission we are pursuing,” said Jessica T.
Mathews, President of the Carnegie Endowment.

“ExxonMobil is proud to support the Carnegie Endowment for International Peace


with a major contribution to its New Vision initiative. For years the Endowment
has sought greater understanding and cooperation around the world. We hope that
our contribution will enable Carnegie to continue and enhance this important
work,” said Rex W. Tillerson, Chairman and Chief Executive Officer, Exxon
Mobil Corporation.

Through its New Vision, Carnegie aims to promote sustained, international


collaboration by developing improved understanding in the United States of
thinking in other countries and regions; developing deeper understanding abroad of
U.S. thinking; and developing, on both sides, a critical mass of research-based
insights on vital issues.

Carnegie’s leading experts on international affairs, from nonproliferation to


democracy promotion, produce first-rate, independent research to help policy
makers formulate better courses of action.

Carnegie is the only think tank with a commitment to fluency in relevant languages
and to publishing in hard copy and on the web in Russian, Chinese and Arabic, as
well as other languages where appropriate.

 Exxon Vision Is Climate Control

ExxonMobil is the world's biggest publicly listed corporation - and one of the
biggest polluters. A Friends of the Earth study found it responsible for 5% of all
man-made carbon dioxide emitted over the past 120 years.

- In 2001 the White House thanked it for its 'active involvement' in crafting US
global warming policy, describing it as 'among the companies most actively ...
opposed to binding approaches to cut greenhouse gas emissions'.

- In 2005 a record 28.3% of its shareholders voted to recommend that ExxonMobil


review how it will meet greenhouse gas reduction targets in countries participating
in the Kyoto Protocol. Exxon's board ignored the vote.

- When asked about global warming by the Wall Street Journal in March, outgoing
ExxonMobil chief executive Rex Tillerson replied: ‘’At a minimum, there's an
enormous amount of uncertainty around this whole question’’.

I have similar feelings about ExxonMobil. Over the past eight years, it has
masterminded one of the most impressive global communications campaigns in the
history of public relations. At the same time, however, the company's success in
obfuscating the issues in its response to global warming must surely rank as one of
the most shameful exercises in corporate self-interest.

Despite mounting empirical evidence and the overwhelming weight of opinion


from independent climate experts, ExxonMobil has managed to sow the seeds of
doubt among consumers, the media and governments, thereby slowing any
potential responses to global warming. It has achieved this through a combination
of masterful PR, lobbying, strategic funding of NGOs and the leadership of its
senior management.

REVENUE AND PROFITS

In 2005, ExxonMobil surpassed Wal-Mart as the world's largest publicly held


corporation when measured by revenue, although Wal-Mart remained the largest
by number of employees. ExxonMobil's $340 billion revenues in 2005 were a 25.5
percent increase over their 2004 revenues.

In 2006, Wal-Mart recaptured the lead with revenues of $348.7 billion against
ExxonMobil's $335.1. ExxonMobil continued to lead the world in both profits
($39.5 billion in 2006) and market value ($460.43 billion).

In 2007, ExxonMobil had a record net income of $40.61 billion on $404.552 of


revenue, an increase largely due to escalating oil prices as their actual oil
equivalent production decreased by 1%, in part due to expropriation of their
Venezuelan assets by the Chavez government.

As of July 1, 2010, ExxonMobil occupied 8 out of 10 slots for Largest Corporate


Quarterly Earnings of All Time. Furthermore, it occupies 5 out of 10 slots on
Largest Corporate Annual Earnings.

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