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  • Essay / Swot Analysis of Exxon Mobil Corporation

    Exxon Mobil Corporation is a public multinational corporation engaged in oil and gas and headquartered in Irving, Texas, America. It was created in 1999 by the merger of two major oil companies, Exxon and Mobil. It is the largest refiner in the world. It deals with products such as crude oil, other oils, natural gas, petrochemicals and power generation. To better understand internal and external issues, SWOT analysis is used where Strength (S) and Weakness (W) help identify internal factors while Opportunity (O) and Threats (T) help identify external factors. Stating the above, the SWOT analysis of ExxonMobil is as follows: Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayStrengths:ExxonMobil is one of the oldest companies and has been a leader in its field of business for over a century , which in turn has earned the company a very positive and strong reputation, confidence in its products/services, dependence due to its quality products and existing relationships with contract customers and, in addition, the belief that the company will supply demand as always. Power generation industries are a huge sector and ExxonMobil has expanded its operation by entering new segments of the power generation industries while developing other strong brands within its portfolio. This expansion strategy has benefited the company. ExxonMobil formed a well-managed and efficiently functioning corporate social responsibility and crisis management program framework, which helped the organization gain a positive image to some extent after the reputation it had lost due to previous oil operations. spills and other safety issues/hazards. This has also helped the organization improve its communication style on its various decisive actions and also in cases where it has failed to take the right decision over the past few years. This step showed a great improvement from the period when the organization failed to communicate effectively and mismanaged the situation during the Exxon Valdez oil spill. The company is recently well known for its unique strategies and overall development due to a strong research and development sector that aims to meet the expectations of its shareholders and industrial needs. The organization undertakes various research and development projects to remain relevant in the market. Some of these include developing methods for technologies to efficiently leverage relevant sources. It strives to use water resources as efficiently as possible, reduce emissions of various greenhouse gases and use various chemical combinations that help make unexploited resources more productive. The company is a global leader in its nature of business and has various subsidiaries and linkages. all over the world. Some of the major customer countries would be the Middle East, India and China. The organization also works with these countries to further develop its infrastructure, energy production in relation to demand and also contribute to the growth of the respective local economies through education, job creation and local charitable actions with efforts to improve standards. still seen as not doing enough for the environment. Stakeholders still accuse the company of pollution and overexploitation of natural resources as well as carbon emissions.