Exxon Moblie Company Essay Example | Topics and Well Written Essays - 1250 words

Exxon Moblie Company - Essay ExampleThe company had stored over 72 billion analogous of oil colour barrels by the end of 2007. The company also has 37 oil refineries in 21 different nations. This makes Exxon Mobil potful the worlds leading refiner (Vassiliou 54). This paper will look at the Exxon Mobil friendship. Exxon Mobil Corporation is the leading of the largest oil producers in the world. The company boasts of an everyday oil production of 3.921 million barrels of equivalent. This was roughly 3% of the universes oil production, in 2008. Nonetheless, when Exxon Mobil Corporation is categorized by gas and oil assets, it is placed fourteenth in the globe. The Daily Telegraph wrote an article in 2012. This article asserts that Exxon Mobil Corporation has become one of the almost despised companies in the world, with the ability to influence the fate of many countries and American foreign law. In addition, Exxon Mobil Corporation drills oil in areas leased to them by countrie s controlled by dictators, for example, Equatorial Guinea and Chad. The company also has lower-ranking regard for the environment. The companys chief executive, Lee Raymond, until 2005, opposed the administrations interference at any stage and was cynical about global warming and climate change (Vassiliou 57). The corporation was condemned for its glooming reaction to handling the Alaska oil spill. The headquarters of Exxon Mobil Corporation is in Texas, Irvin. The corporation sells products all over the globe under the trade names of Esso, Mobil, and Exxon. In addition, the company owns a number of businesses, for example, SeaRiver Maritime, an oil shipping corporation, and majestic Oil Limited, located in Canada. It owns 69.6% of the Imperial Oil Limited. The upstream division of Exxon Mobil Corporation leads the corporations cash flow. It contributes almost 70% of returns. The Exxon Mobil Corporations corporate citizen report in 2006 indicated the company offers 82,000 consum ption opportunities all over the world (Vassiliou 62). The report also asserts that 27,000 workers are located in the companys Houston upstream headquarters and almost 4,000 workers are in the companys Fairfax downstream headquarters. Exxon Mobil Corporation is organize functionally into several functioning sections. These sections are subdivided into three groupings. Nonetheless, Exxon Mobil Corporation has a number of supplementary sections, for example, sear and Minerals, which are separated from the main divisions. The upstream division is located in Houston, Texas. It is concerned with wholesale operations, shipping, oil exploration, and extraction. The downstream division is located in Fairfax, Virginia and is concerned with retail operations, refining, and marketing (Vassiliou 64). Also, the downstream division comprises SeaRiver Maritime, outside(a) Marine Transportation, ExxonMobil Refining and Supply Company, and Engineering Company ExxonMobil Research, and ExxonMobil F uels, Lubricants and Specialties Marketing Company. In addition, the chemical division is make up in Texas. Exxon Corporations chief executive officer had a meeting with Mobil Corporations chief executive officer in 1998. Both these chief executive officers had initial talks of the luck of a merger between the two corporations. Later on, management proceeded with negotiations and gave the board the results of the discussions. In 1998, the chief