Global Dimensions of ExxonMobil Corporation

This article discusses the global dimensions of ExxonMobil Corporation, a leading oil and gas company with operations in over 200 countries. It highlights the company's commitment to business values and principles, and recent investments in North America and Asia Pacific. The article also touches upon the company's engagement in the exploration, development, and supply of oil, gas, and petroleum products.

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ExxonMobil Corporation, an American Multinational oil and gas corporation has its
establishment on 1999, by the union of Exxon and Mobil. It is known as one of the largest
publicly funded organizations in the world and is known for manufacturing as well as marketing
of commodity petrochemicals that involve aromatics, polyethylene along with a range of
specialized products (Weill, Peter and Woerner). The company being head quartered in Texas,
has its chief business operations in energy that includes exploration for along with manufacture
and sale of crude lubricants and natural gas, petroleum services. ExxonMobil has its engagement
in the exploration, development as well as supply of oil, gas along with petroleum products
(Valenti et al.). The company further has its operations through upstream, downstream and
chemical that is responsible for generating crude oil, trades petroleum and provides
petrochemicals.
ExxonMobil has its commitment in developing as the leading petroleum and
petrochemical organization of the world, further thriving to achieve greater economic and
operating outcomes with adherence to the chief standards of business values and principles. The
company owns almost 70% of the outstanding distribution of Imperial Oil Ltd in Canada
whereby it functions with the established oil and gas distribution chain. The Imperial Oil is
engaged in selling fuel products through its connection of over 1500 gasoline service stations
functioning under ExxonMobil’s Esso brand (Touchette). The company operates facilities, sells
products in majority of the nations, and further has its exploration for oil and gas catering six
continents. ExxonMobil operates in over 200 nations across the world such as UAE, Qatar,
Nigeria, Tanzania, and Belgium and several other nations including South America and North
America. Few countries are chosen to explore gas and petroleum whereas some nations where
ExxonMobil is operating have been designated for the industrialization of chemicals, oils, and

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market petroleum. The oil and gas domain of the company has its expansion from western region
of Texas to West Africa along with ranging from Australia to Alaskan region. It functions in
deep seas, arctic ice region as well as desert areas located in some of the remote regions of the
world. Furthermore, the multinational corporation has its accessibility to over 55 trillion cubic
feet belonging to proven reserves and further exposed resources of almost 180 trillion cubic feet
(Touchette). ExxonMobil has oil and gas sales in more than 25 nations and across 5 continents.
ExxonMobil being regarded as one of the leading Oil and Gas Company in the world acquired
the revenue of more than $250 billion. The company’s increased revenue generation has been
derived from its enormous oil and gas supply and resources. According to few reports, in 2017,
ExxonMobil has been estimated to have produced the comparable of over 4 million barrels of
lubricants per day. However, it has been anticipated that the company would become the fourth
largest global oil manufacturer whereby, its level of production is lower than the amount of
lubricants extracted from Russia that is estimated at 10.5 million and in the United States of
more than 9 million (Shaaban, Mohamed and Petinrin). The company has initiated the
comprehensive work on a potential US Gulf Coast project in order to extend polypropylene
production power by over 400,000 tons a year in order to accomplish the increasing demand for
high level performance, that has been expected to be several hundred million dollars by the next
five years. The company supposedly has been positioned to take benefits of the elevating
demands for increased value services in North America along with the increase growth catering
to Asia Pacific regions (Yusuf et al). It has been noted that excess production of locally
manufactured lubricants and natural gas have caused reduction to energy costs and further
created existing resources of feedstock for the chemical industrialization of chemicals in the US
(MacDiarmid et al). It is important to note that the majority section of strategized funding of

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ExxonMobil in the Gulf Coast region concentrates on the delivering to developing markets such
as Asia with high-stipulated products, further stimulating the recent economic development
locally. However, these funds have been considered as one of the recent facilities planned to
develop the chemical industrializing competence in North America as well as Asia Pacific by
almost 40% (Shaaban, Mohamed and Petinrin). Such investments including the two excellent
stream crackers in the US will facilitate the organization to accomplish the elevating demand in
nations of Asia and other emerging markets. Vietnam can be chosen as a potential market for
ExxonMobil in order to start its subsidy (Ratner, Michael and Mary Tiemann). The economic
performance of Vietnam has shown resilience further reflecting vigorous export-related
manufacturing, well established local demand along with ongoing agricultural return. The GDP
growth has been expected at about 7 percent in 2017 that has been regarded as a rapid expansion
of the agricultural domain, with increasing international and domestic demand that elevated the
manufacturing and business of the nation further united with vigorous foreign venture inflows
(Touchette). Furthermore, it must be noted that the US natural gas manufacturers have actualized
itself as an energy sector during the ban on crude lubricants exportation that was lifted in 2016.
The cost diminution acquired by eccentric US manufacturers has been noteworthy. Furthermore,
a dynamic industry like oil and gas further requires a healthy ecosystem of manufacturers,
service suppliers, along with other producers (Ayling, Julie and Gunningham). OPEC another
renowned oil and gas company has recently declared its cost reduction with Russia whereas the
costs have been raised by mid$ 50 per barrel range. The oil cost that collapsed two years ago had
immense effect of cost reduction among the upstream businesses of global oil and gas
organizations further lacerated the capital outflow by over 35% (MacDiarmid et al). However,
with the recent hike in oil price have been partly increased by the decision of cost reduction by

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OPEC. The oil and gas industry has been actively participating in the performance of CSR
activities. Companies like ExxonMobil has been working on safety, health, management of
climate change risks and other environmental and community investment activities. Similarly,
Royal Dutch Shell and British Petroleum have been working on women empowerment along
with several social, environmental as well as financial activities.

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References
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