PROJECT ON
SUBMITTED TO:
PROF STEVEN SHAPIRO
SUBMITTED BY:
POOJA OZA (0839378)
INTRODUCTION
Exxon Mobil Corporation, or ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. The world's third largest company by revenue, ExxonMobil is also the second largest publicly traded company by market capitalization. The company was ranked No. 5 globally in Forbes Global 2000 list in 2013. With 37oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels, ExxonMobil is the largest refiner in the world. ExxonMobil is the largest non-government owned company in the energy industry and produces about 3 percent of the world's oil and about 2 percent of the world's energy.
Exxon Mobil Corp. explores, develops and distributes crude oil and natural gas. The company through its divisions and affiliated companies, engages in its principal business, is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. It manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a variety of specialty products. The company also has interests in electric power generation facilities.
EXXON MOBIL STRATEGY
The trend seen in Exxon Mobil throughout its life is the capital investment. The projects in which Exxon Mobil invests involve billions of dollars, many years to develop, and are expected to operate and deliver results for decades. They follow a disciplined approach that can be seen through their petroleum and petrochemical business cycles which focusses on