Exxon Mobil: A Global Leader in Oil and Gas Industry

In this report we will discuss about exxon mobil and below are the summaries point:- Exxon Mobil is a globally renowned organization engaged in the oil and gas industry for over 135 years. The company specializes in refining petroleum products, chemicals, and fuels, meeting the energy needs of people. Exxon Mobil has exhibited strong financial performance, with a significant increase in net income and a high production capacity.

Exxon Mobil 0
Title: Exxon Mobil
Assignment Name:
Student Name:
Course Name and Number:
Professor:
Date:

Exxon Mobil 1
Contents
Exxon Mobil...............................................................................................................................2
What the company does?.......................................................................................................2
How the company/business unit has performed?...................................................................3
What the Challenges/Successes Have Been for the Company?.............................................5
References..................................................................................................................................7

Exxon Mobil 2
Exxon Mobil
What the company does?
The Exxon Mobil is an organization that has been functioning for the last 135 years
and even more. The organization has grown from a regional marketer of kerosene, to now
becoming the largest organization that is publicly trading in the international market of oil
and gas. The Exxon Mobil are integrated marketers and refiners of petroleum products and
also many other chemicals too (ExxonMobil, 2017).
Image source: (www.exxon.com)
The Exxon Mobil deals in aviation fuels and lubricants, asphalt, basestocks, crude oil
sales, commercial vehicle lubricants, industrial lubricants, marine fuels and lubricants,
passenger vehicle lubricants, retail fuels, waxes, white oils, and other wholesale fuels. The
organization utilizes better and new innovation strategies for meeting the growing energy
needs of people.
The Exxon Mobil is a public controlled organization and it is due to the distribution of its
ownership to a wide range of people in the form of shares. The current chairman of the board
and the CEO of the company is Darren W. Woods. But the decisions are taken in
collaboration to the other shareholders of the organization.

Exxon Mobil 3
Image source: (static.seekingalpha.com)
The company receives a high demand for refined petroleum products and then crude oil
products. But the main focus of the organization is on utilizing the technology to implement
new innovative plans to produce better and improved petroleum products that are refined
with high standards.
Though the company has spread its branches in many different geographical lands, but
the company’s headquarters is in Irving, Texas. Initially, they had headquartered in
Downtown Houston but it was vacated in 2015. The company comes under the top five oil
and gas companies by revenue. The Exxon Mobil stood in rank four for the year 2017 and
since then the organization has improved with each passing year.
How the company/business unit has performed?
The organization has showcased a huge jump in its financial status for the year 2016
to 2017. The organization net income attributes for 2016 was 7,840 million dollars, but it

Exxon Mobil 4
jumped in the year 2017 attaining the heights by reaching at 19,710 million dollars. Though
in the market evaluation department the company witnessed a slight decrease from 2016 to
2017, that is, in 2016 it was 374,438 and in 2017 it was 354,561 (ExxonMobil, 2019).
Image source: (www.statista.com)
The organization has a net production per day of oil barrels is 4.0 million, whereas the
petroleum production for sale per day is around 5.5 million barrels. The company has earned
around 19.7 billion in the current year. The sale of chemical products by the organization
25.4 million tonnes.
In the international market the organization faces a fierce competition from Saudi
Aramco, which generated a revenue of $465.49 billion in the year 2017. In the same year, the
other competitor of the organization, the Sinopec Group earned around $448 billion. But the

Exxon Mobil 5
Exxon Mobil defeated the Royal Dutch Shell with $268.9 billion as the latter earned only
$265 billion (Coleman, 2017).
In the recent time, the organization Exxon Mobil has excelled in the market to
increase in their profits. According to the Forbes reporter Lauren Debter, the Exxon Mobil
has witnessed a sudden surge in the company’s profit by 122%. This has also helped the
organization in defeating its various competitors and has also helped it in staying in the front
(Debter, 2017).
What the Challenges/Successes Have Been for the Company?
The Exxon Mobil has finalized a deal with the IBM group to bring a higher level of
computing standards that are beneficial for the business. This will help the organization in
better utilization of Quantum computing. Also, this will help in building next generation
energy and also better manufacturing techniques.
The Exxon Mobile has also started their drilling work on the Haimara-1 exploration
project in Guyana. This is the first planned well for January 2019, the other will also be
commenced soon. This has also been conducted by the organization in an attempt to
commence the Liza Phase 1 development plan (Surran, 2019).
But in the year 2018, at the start of the year, the company witnessed a loss at the rate
of shares as the earnings of the organization were also falling short (Crooks, 2018). It was
due to this loss that the chairman Darren Woods initiated and pushed the future projects to
commence early, so they help in recovering all the different losses the company was about to
face due to the reduction in the share rates of the company. The current plans of the company
have exhibited better future for the organization starting from 2025 to 2040. Also, all these
various projects will help the organization in building a better hold in the international
market.

Exxon Mobil 6
Image source: (www.naturalgasintel.com)

Exxon Mobil 7
References
Coleman, P. (2017). Top 10 oil and gas companies in the world. [online] Energydigital.com.
Available at: https://www.energydigital.com/utilities/top-10-oil-and-gas-companies-world
[Accessed 29 Jan. 2019].
Crooks, E. (2018). Exxon shares drop after earnings fell short | Financial Times. [online]
Ft.com. Available at: https://www.ft.com/content/bdf8c53a-081b-11e8-9650-9c0ad2d7c5b5
[Accessed 29 Jan. 2019].
Debter, L. (2017). The World's Largest Oil And Gas Companies 2017: Exxon Reigns
Supreme, While Chevron Slips. [online] Forbes.com. Available at:
https://www.forbes.com/sites/laurengensler/2017/05/24/the-worlds-largest-oil-and-gas-
companies-2017-exxon-mobil-reigns-supreme-chevron-slips/#77845c5f4f87 [Accessed 29
Jan. 2019].
ExxonMobil (2017). Learn about ExxonMobil's guiding principles. [online] ExxonMobil.
Available at: https://corporate.exxonmobil.com/en/company/about-us/guiding-principles
[Accessed 29 Jan. 2019].
ExxonMobil (2019). Financial information | ExxonMobil. [online] ExxonMobil. Available at:
https://corporate.exxonmobil.com/en/company/annual-report/financial-information [Accessed
29 Jan. 2019].
Surran, C. (2019). Exxon approves project to nearly double size of Texas refinery - Reuters.
[online] seekingalpha.com. Available at: https://seekingalpha.com/news/3426847-exxon-
approves-project-nearly-double-size-texas-refinery-reuters [Accessed 29 Jan. 2019].
Image References

Exxon Mobil 8
(2019). Retrieved from
https://www.exxon.com/~/media/amer/us/retail/about-us/overview/exxon-mobil-logo-history-
body-sm.jpg
(2019). Retrieved from
https://static.seekingalpha.com/uploads/2017/9/3/saupload_nhJTv95nGMAJF8TlEz6w8T6vs
TYY6Xb9SgQvMMXs-
t46gjrA5SP3N8tSWOZLENAhCNy8T63Napgy3kXhOtmyIglKgkQClKuGQ9rWBQiL3OCa
Z6C-T_MJ0O94L0ggaGJRrRisw3TS.jpeg
(2019). Retrieved from
https://www.naturalgasintel.com/ext/resources/Daily-GPI/DG1Q2016/2040-Projected-
Global-Fuel-Demand-20160125.png?1453758849
ExxonMobil's refining capacity from 2011 to 2017, 0. (2019). ExxonMobil refining
capacity by region 2017 | Statistic. Retrieved from
https://www.statista.com/statistics/281188/refining-capacity-of-exxon-mobil-by-region/

Exxon Mobil 9