Exxon and CSR issues: Today, Yesterday and Tomorrow
Exxon: Yesterday, Today and Tomorrow
Monique Barnett
Southern New Hampshire University
Abstract
This paper will provide a brief history of the corporation Exxon, and a description of CSR issues that the company has endured. It will describe the impact on organizational, economic, and societal stakeholders of Exxon. It will explore the current status of the corporation by looking into the CSR failure filter, strategic CSR, and will identify two of the five driving forces of CSR for Exxon.
Exxon is a brand of motor fuel and related products by ExxonMobil. From 1972 to 1999, Exxon was the corporate name of the company previously known as Humble Oil or Standard Oil of New Jersey. Exxon replaced the Esso, Enco, and Humble brands in the United States on January 1, 1973. The Esso name was a trademark of Jersey Standard Oil, and attracted protests from other Standard Oil spin-offs because of its similarity to the name of the parent company, Standard Oil. As a result, Jersey Standard was restricted from using Esso in the U.S., except in those states awarded to it in the 1911 Standard Oil antitrust settlement. (2015, January, l.e.)
The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, on March 24, 1989, when Exxon Valdez, an oil tanker bound for Long Beach, California, struck Prince William Sound 's Bligh Reef at 12:04 a.m. local time and spilled 11,000,000 to 38,000,000 gallons of crude oil over the next few days. The Valdez spill was the largest in U.S. waters until the 2010 Deepwater Horizon oil spill, in terms of volume released. Captain Joseph Hazelwood, who was widely reported to have been drinking heavily that night, was not at the controls when the ship struck the reef. Exxon Shipping Company failed to properly maintain the Raytheon Collision Avoidance System (RAYCAS) radar, which, if functional, would have indicated to the third mate an impending collision with the
Monique Barnett
Southern New Hampshire University
Abstract
This paper will provide a brief history of the corporation Exxon, and a description of CSR issues that the company has endured. It will describe the impact on organizational, economic, and societal stakeholders of Exxon. It will explore the current status of the corporation by looking into the CSR failure filter, strategic CSR, and will identify two of the five driving forces of CSR for Exxon.
Exxon is a brand of motor fuel and related products by ExxonMobil. From 1972 to 1999, Exxon was the corporate name of the company previously known as Humble Oil or Standard Oil of New Jersey. Exxon replaced the Esso, Enco, and Humble brands in the United States on January 1, 1973. The Esso name was a trademark of Jersey Standard Oil, and attracted protests from other Standard Oil spin-offs because of its similarity to the name of the parent company, Standard Oil. As a result, Jersey Standard was restricted from using Esso in the U.S., except in those states awarded to it in the 1911 Standard Oil antitrust settlement. (2015, January, l.e.)
The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, on March 24, 1989, when Exxon Valdez, an oil tanker bound for Long Beach, California, struck Prince William Sound 's Bligh Reef at 12:04 a.m. local time and spilled 11,000,000 to 38,000,000 gallons of crude oil over the next few days. The Valdez spill was the largest in U.S. waters until the 2010 Deepwater Horizon oil spill, in terms of volume released. Captain Joseph Hazelwood, who was widely reported to have been drinking heavily that night, was not at the controls when the ship struck the reef. Exxon Shipping Company failed to properly maintain the Raytheon Collision Avoidance System (RAYCAS) radar, which, if functional, would have indicated to the third mate an impending collision with the
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