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  • Essay / Swot Analysis of the Oil and Gas Industry - 1401

    Standard Oil of New York became Mobil. Later, Exxon merged with Mobil and created “ExxonMobil”. This company is one of many globally known integrated oil companies (IOCs). ExxonMobil's revenues are high compared to other companies on the IOC list. Globally, ExxonMobil occupies the second position after Petrochina in terms of global market capitalization. It is essential to analyze the strategies of competitors in the modern world to sustain the business. Even though the number of players in the oil industry is less, competitor analysis is mandatory to develop the right business strategy. Since the beginning of ExxonMobil, their vision of merging IOCs has shown other companies the future in order to survive in the oil and gas industry. Competitor analysis of ExxonMobil in comparison to some selected industry competitors is provided below.