Fortune Companies
Fortune Companies
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.
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.
KEY PEOPLE
PRODUCTS FUELS
Lubricants
Upstream
Downstream
Chemical
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
MISSION STATEMENT
(A). SHAREHOLDERS
(B). CUSTOMERS
(C). EMPLOYEES
(D). COMMUNITIES
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
“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.
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.
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'.
- 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.
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).