sam exxonmobil
TRANSCRIPT
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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