Sam ExxonMobil

8/6/2019 Sam ExxonMobil

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By: Samuel Beatty


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ExxonMobil and Strategic

Managementy ExxonMobil finishedsecond this past year onthe Fortune 500 list, buth

ad clos

e to

a 58 percen

tincrease in profits.y They profited around 30billion dollars this past

year.y ExxonMobil is the leader in

the petroleum industrydue in part to theirsuccessful strategicmanagement policies.


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Mission Statement/Basic Strategiesy ExxonMobil's corporate mission

statement is "ExxonMobilCorporationis committed tobeingthe world's premier petroleum andpetrochemical company. To thatend, we must continuously achievesuperior financial and operatingresultswhile simultaneouslyadhering tohigh ethical standards.

y ExxonMobil maintains acommitment to their shareholders,customer, employees, and

communities.y One of their basic strategiesis to "be

at the leading edge of competitionin every aspect ofour business.

y That requires the Corporation'sresources financial, operational,technological, and human tobeemployed wisely and evaluatedregularly."

y ExxonMobil tries to maintainflexibility to adapt to change.

y The nature of their businessrequires a focused and long termapproach.

y "We will consistentlystrive toimprove efficiency and productivitythrough learning, sharing, andimplementing best practices."


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Competitive Advantagey ExxonMobil alsohas many

competitive advantagesin theirindustry.

y One of them being the amount

of research and developmentthey do and the benefittingtechnological discoveries theyget from doing this.

y They alsohave a superior globalnetwork than all otherpetroleum companiesin theirindustry.

y These are just a few ofExxonMobils competitiveadvantages.


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Competitive Advantagesy ExxonMobils competitive

advantageshavehelped themmaintain the title as the leader in allindustries that they participate in.

y Anotherone of their key advantagesis their commitment to technology.

y ExxonMobil maintains a strongproprietary commitment totechnologyin all of their industries.

y Other advantages theyhave includea global functioning organization,solid employees, financial strength,and anoutstanding portfolioofopportunities toname a few.


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ExxonMobil R&Dy ExxonMobil usesinnovation and

technology todeliver energy andpetrochemical products to meet theworlds growing demand.

y Their people, technical expertise,

financial strength, and global reachprovide a competitive advantage andensurebroad exposure tohigh-qualityopportunitiesfrom conventionalexploration toopportunities that requireclose integrationacrossour businesses."

y Their extensive researchprogramssupportoperations, enable continuousimpr

oveme

ntin

each

o

f th

eirb

usin

ess

lines, and explorenew and emergingenergysources and technologies.

y The Corporation comprises 10 separatecompanies, making up the Upstream,Downstream, and Chemical businesses.


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Exploration and Resourcesy ExxonMobil explorationis credited

with finding and adding new oil andgas resources to replace those thathavebeen used and to enableproduction growth.

y ExxonMobil has their industry'sstrongest exploration portfolio andhasongoing activitiesin more than40 countries around the world.

y "Theyhave over 61 millionundeveloped acres and anindustryleading total resource base of 72

billionoil equivalent barrels."y ExxonMobil is also the largest non

government marketer of equitynatural gas.


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ExxonMobil Successy ExxonMobil hasseveral key

success factors.y One of the main keysuccess

factorsofExxonMobil is their

supreme managementleadership and their ability toget projects going.

y Anotherone of their keysuccessfactorsis the extent of theirresources and the balanceofresources that theyhave.

y They are located throughout theworld and control a huge part oftheir market because of the keysuccess factors that they are abletomaintain.


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Business Strategyy The long term visionof

ExxonMobil is to "establishprominent positionin the

Japan

ese O

il In

dustry a

ndwithin the Global ExxonMobil

Group."y Their basic management

philosophyis to ensure flawlessoperations, improve efficiencyand profitability, and toincrease

shareholder's value.y ExxonMobil'sprofit margins

have beenoff the charts the lastseveral years and thisis due totheir strategic businessstrategies.


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Vertical Integrationy ExxonMobil has done a very good

jobof using vertical integration toachieve their company goals and totake control of each market niche ineach respective industry.

y "Vertical Integrationinvolves entryintonew markets and channelsofdistributionwithin the sameindustries."

y ExxonMobilis

vertically

integratedin almost every aspect ofoil,

exploration, drilling, andpetrochemical refining.


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ExxonMobil: A Global Companyy ExxonMobil is located throughout the

world and hasbecome the largest oilcompanyin the world.

y Theyhave successfully expanded to

countries all over the world whichhasallowed them to explore and become theleader in all of their industry's.

y ExxonMobil is aninternationalcompany that hasbecome successfulbecause of their expansioninto theglobal market.

y Becauseofinternational expansion andlucrative profit returns, ExxonMobilknowsno geographic limits.


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ExxonMobil Alliancesy ExxonMobil issuch astrong and powerfulcompany that it isnosurpr

ise t

hat t

heydominate their market

with the largest ofoilrefineries.

y However, ExxonMobil alsomakes lubricants and

petroleum specialtyproducts and is the world'snumber one supplier oflube basestocks.


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ExxonMobil Alliancesy "ExxonMobil provides

lubricationsolutions forautomotive, commercial,industrial, marine and

aviation customersinnearly200 countries and territories.

y " Thishas led toExxonMobil's establishmentof global alliances withautomobile manufacturers,equipment builders, andindustrial manufacturerssuch as GM, Toyota, andDaimler toname a few.


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Mergers and Acquisitionsy ExxonMobil hasbeeninvolved in manyacquisitionsover the years.

y Theyhave bought a lot ofsmaller energy company'stohelp with their growthand success.

y ExxonMobil has made 69acquisitionswhile takingstake in 40 differentcompanies.


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Organizational Structurey ExxonMobil isone of the

world's largest ifnot thelargest publicly tradedin

tern

ation

aloi

l an

d gascompany.

y ExxonMobil holds anindustry leading inventoryof worldwide gas and oilresources.

y They are the world's largestrefiner and marketer ofpetroleum products.


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Organizational Structurey They alsohave a chemical

company that is among theglobes largest.

y ExxonMobil is also a technologycompany, applying science andinnovation to find better, safer,and cleaner ways to deliver theenergy the world needs.

yThisis just the basisof whatExxonMobil does and there aremany different ways theyimplement their functionalstrategies.


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Functional Structure


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Risk FactorsEconomic and Industry Political Factors

y ExxonMobil has a number ofrisk factors to consider as acompany.

y General economic growthrates and the occurrence ofeconomic recessions, and thedevelopment ofnew supply

sources.y These are just a few of the

economic and industryfactors that ExxonMobil hasto consider.

y Political instabilityor lack ofwell-established and reliablelegal systemsin areaswhere thecorporationoperates,

y other political developmentsand laws and regulations,environmental regulations,

restrictions

on

explo

ration

,production, imports andexports,

y price controls, war or otherinternational conflicts, and civilunrest.


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Resourcesy http://www.exxonmobil.com/Corporate/Newsroom/Publications/XOMGlo

balCap/page_4.html

y http://siteresources.worldbank.org/EXTGGFR/Resources/578068-1268075357274/6844507-1268075388170/1000-1020_Cavazos.pdf

y http://www.exxonmobil.com/Corporate/Newsroom/Publications/XOMGlobalCap/page_2.html

y http://www.focusa.com/services/diverse.htm

y http://www.exxonmobil.com/Corporate/default.aspx

y http://www.exxonmobil.com/Corporate/Newsroom/Publications/XOMGlobalCap/page_5.html

y http://www.alacrastore.com/mergers-acquisitions/Exxon_Mobil_Corporation-1005850

y http://www.exxonmobil.com/Corporate/about_who.aspx

y http://www.exxonmobil.com/Corporate/investor_governance_guidelines.aspx

Sam ExxonMobil

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