ExxonMobil is one of the world's largest publicly traded international oil and gas companies, with operations in over 50 countries and a strong presence in both the upstream and downstream sectors of the industry. The company has a long history dating back to the late 19th century and has consistently ranked among the top global energy firms in terms of revenue and market capitalization.
ExxonMobil's business strategy has evolved over the years, but one constant has been its focus on maximizing shareholder value through a combination of operational excellence, technological innovation, and financial discipline. The company has a reputation for being a leader in exploration and production, with a strong portfolio of assets and a proven track record of discovering and developing new oil and gas reserves.
In recent years, ExxonMobil has faced a number of challenges, including declining oil prices, increased competition, and increased scrutiny from regulators and investors over its environmental and climate-related risks. In response to these challenges, the company has implemented a number of strategic initiatives designed to improve its financial performance and address these risks.
One key element of ExxonMobil's strategy has been its emphasis on technology and innovation. The company has a long history of investing in research and development, and it has made significant investments in advanced technologies such as advanced drilling and production techniques, enhanced oil recovery methods, and low-emission energy technologies. These investments have helped the company to maintain its position as a leader in the industry, while also positioning it to benefit from the growing demand for cleaner energy sources.
In addition to its focus on technology and innovation, ExxonMobil has also emphasized financial discipline in its business strategy. The company has implemented a number of cost-cutting measures and has sought to optimize its capital expenditure program in order to maximize shareholder value. This focus on financial discipline has helped the company to maintain a strong financial position even in times of market volatility and economic uncertainty.
Another key element of ExxonMobil's strategy has been its commitment to operational excellence. The company has a strong track record of efficiently and effectively managing its operations, and it has implemented a number of initiatives designed to improve efficiency and reduce costs. This focus on operational excellence has helped the company to maintain its competitive advantage and to deliver strong financial performance over the long term.
Overall, ExxonMobil's business strategy has been focused on maximizing shareholder value through a combination of operational excellence, technological innovation, and financial discipline. While the company has faced a number of challenges in recent years, it has remained a leader in the energy industry and has consistently delivered strong financial performance.
EXXON MOBIL CORPORATION : Fundamental Analysis and Financial Ratings
Weaknesses of ExxonMobil Weaknesses are the areas where the company is lacking behind and needs improvement. Risking Shareholder Value: ExxonMobil and Climate Change. The company has been analyzed with the help of SWOT analysis that is the strengths, weaknesses, opportunities and threats have been analyzed. This would automatically prove to be a strategic move for the protection of the larger interests of the internal and external stakeholders of the company. The controversies score also addresses the market cap bias from which large cap companies suffer, as they attract more media attention than smaller cap companies. This is due to the fact that the company will be able to understand the various factors that will help them in gaining a better profit in the market.
They also promote human rights and they train the communities which they serve. The products that they create are the driving forces in the present transportation systems, power towns, they provide lubricants to the industry and offer petrochemical which are the building blocks many of the consumer goods. ExxonMobil Strategy and Financial Highlights Information from ICIS. Recommendation The primary favorable position of the organization is the commitment and the responsibility in innovation that influences the business to learn, to generate, create, refine as well as showcase oil and gas assets which are not accessible to contenders. With activities in some 40 countries, ExxonMobil 's oil and gas fields extend from West Texas to West Africa and from Australia to Alaska 1. Profitability The ESG controversies score is calculated based on 23 ESG controversy topics. Proposing a new integrated model based on sustainability balanced scorecard SBSC and MCDM approaches by using linguistic variables for the performance evaluation of oil producing companies.
Gulf Coast and in Asia. ExxonMobil earns their competitive advantage through their god refineries which are 50% higher than normal industry size. Therefore, ExxonMobil can take advantage of this need and invest in alternative forms of power that do not pollute the environment. Naumann and Philippi 2014 argue that ExxonMobil is facing stiff competition from rival companies which have invested heavily in green energy. The product lines also extends into the lubricants for industry like mining, machining, food beverage industry, wind energy, marine fuel and lubricants.
The company have a large set of products when it comes to the variety of oils and lubricants. ExxonMobil does business in 200 countries world-wide 1. In Corporate Branding pp. Operations and supply chain management pp. They are the best variety one can provide. For long- term sustainability, companies can no longer afford to be one-dimensional and depend solely on Oil. Such a move will help this company to increase its profit and mitigate risks attributed to competition.
It will provide a brief description of the organization along with the strategies that have been taken up by them to provide new innovations in the market. Strategic Segmentation……………………………………………… 6 4. Follow us on Cautionary Statement: Outlooks, projections, goals, estimates, discussions of potential, descriptions of business plans, drilling plans and strategies, growth and capital plans, resource potential, market expectations, energy market evolution, time for technology adoption, and other statements of future events or conditions in this release are forward-looking statements. Discussion: The tables above presented good prospective of the company where it had the various opportunities for achieving the better performance. The following points are to be noted in respect of this gap identified. But the company is not happy with the supply of the products to only within the USA.
It is highly important that the performance evaluation criteria are clearly stated and easily understood and are capable of easy interpretation and unambiguous. New York: Free Press. The performance of a firm would create the value and such a value could be either differentiation or low cost techniques. We do understand your needs and we are here to help you in that. The complexities are actually caused by mainly two components of factors. Our experts pass a test and qualify series of training session to make sure that they attain the best skills to provide you high quality Essay and Dissertation writing service. Till such time the alternative energy sources rise up to meeting the major demand fossil fuel would continue to have a predominant position.
This report outlines some key areas of strategic management from the perspective of a given case study. The company has plans to increase exploration activity in 2020 and 2021, and Phase 1 of the Bacalhau field development is progressing on schedule. The VRIO analysis of the company has helped in understanding the supply chain of the company where the value of the supply chain has been mentioned. Strengths are considered as those internal competencies and resources that an organization could utilize for achieving its objectives. European Journal of Operational Research, 233 2 , pp. The organization is based in America and was established in 1870.
Whereas, the weaknesses are so much intense that overwhelming making the firm unable to obtain it, the company structures are so huge that requires large sum of investments. In achieving the objective of the paper, discussion will focus and centre on the company, showcasing its overview and history in the first section. Quantitative models for sustainable supply chain management: Developments and directions. To that end, we must continuously achieve superior financial and operating results while adhering to the highest standards of business conduct. It stems from the merger between Exxon which was a New Jersey oil company, and Mobil which was based in New York. The major brands of the company include the ExxonMobil Brand, Esso, Mobil, etc and other lubricants products as well. American Economic Review, 104 4 , pp.
The report on the company would allow us to see the exact operational abilities or capabilities of the firm. Conclusion The organization has a commitment to the use of technology that allows the business to develop, learn, create, refine and sell oil and gas products a facet that is absent from the competitor's side. For instance, ExxonMobil should consider manufacturing solar panels which are in high demand, particularly in the Middle East. Problem From the core competencies of the firm, the major problem faced by the company is related with the complexities involved in the organizational themes. The higher this ratio, the better the rating.