ExxonMobil: Background, Objectives, Purpose, Revenues, Subsidiaries

ExxonMobil
Backgound
This is American multinational oil and Gas Corporation.
The company was founded in 1999 after the merger of
Exxon and Mobil. It directly descended from John D.
Rockefeller, the owner of Standard Oil Company. It is
the world’s 8th largest company by revenue and 5th
largest company by market capitalization. Its products
include
• Crude oil
• Oil products
• Natural gas
• petrochemicals

Objectives
• Objectives
• The company seeks to become the world’s premier petroleum and
petrochemical company globally. This is its main objective. In order
to achieve this, the company has set other specific objectives. For
instance
• • Have a high financial performance
• • Create a good corporate image by engaging in Corporate
Social responsibility projects
• • Have a high consideration of the environment by ensuring
that it minimizes pollution
• • Create a strong HR policy that seeks to recruit qualified
employees

Purpose
• The objectives of the company cannot be met not unless the company’s different departments
function dependently. The various functions of the company include
• • Human resource department
• It is comprised of over 83000 employees around the world that are highly qualified.
• • Production department
• This department is concerned with the conversion of raw materials into finished goods.
• • Purchase department
• This department is tasked with purchasing goods that are required by the production department
• • Marketing department
• The marketing department is tasked with linking the customers to the customers. It advertises the
company’s products and services
• • Research &Development department
• This department is tasked with designing and improving on the company’s products and services