Table of Contents
What is ExxonMobil business model?
ExxonMobil’s business model entails producing, refining, and marketing its oil and gas products.
What is the strategy of ExxonMobil?
ExxonMobil’s corporate strategy has been focused on increasing organizational speed, agility, level of innovation and the ability to bring new ideas to market effectively.
What is the purpose of ExxonMobil?
An industry leader in almost every aspect of the energy and chemical manufacturing businesses, we operate facilities or market products in most of the world’s countries, explore for oil and natural gas on six continents, and research and develop next-generation technologies to help meet the dual challenge of fueling …
How does Exxon make its money?
ExxonMobil explores for, and produces, crude oil and natural gas, as well as petrochemicals and other related products. The Downstream segment generates the most revenue, but the Chemical segment was the only one that made a profit in 2020.
Why is ExxonMobil so successful?
ExxonMobil Corporation (XOM ) is one of the largest energy companies in the world, with a current market capitalization of over $330 billion. ExxonMobil has remained profitable in a lower-priced oil environment due to its lower-cost reserves, thanks to investments in oil sands and liquefied natural gas.
What is Shell’s strategy?
Shell’s Energy Transition Strategy, published earlier this year, outlined the group’s plans to reach net-zero emissions by 2050. It aims to reduce net carbon emissions by between 6% to 8% by 2023 when compared to 2016 levels. The target jumps up to 20% by 2030, 45% by 2035, and 100% by 2050.
What is the vision of ExxonMobil?
Exxon Mobil Vision: Exxon Mobil Corporation is committed to being the world’s premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while adhering to the highest standards of business conduct.
Where does Exxon get their oil?
In the United States, ExxonMobil’s petroleum exploration and production activities are concentrated in the Permian Basin, Bakken Formation, Woodford Shale, Caney Shale, and the Gulf of Mexico.
What kind of processes does ExxonMobil use?
ExxonMobil has a robust set of processes to improve energy efficiency and mitigate emissions, including programs focused on reducing methane emissions, flaring and venting. These processes include, where appropriate, setting tailored objectives at the business, site and equipment level, and then stewarding progress toward meeting those objectives.
What kind of company is Exxon Mobil Corporation?
ExxonMobil’s primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical. ExxonMobil is incorporated in New Jersey. One of the world’s largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization.
Who are the members of the ExxonMobil management committee?
The current members of ExxonMobil management committee as of February 6, 2019, are: Darren W. Woods, chairman and CEO Neil A. Chapman, senior vice president Andrew P. Swiger, senior vice president and principal financial officer Jack P. Williams, senior vice president
How much money does ExxonMobil spend on exploration?
Continued pacing of investments. The company expects $16 billion to $19 billion in capital and exploration expenditures in 2021, and $20 billion to $25 billion annually through 2025. Preserving the long-term value of the company’s investment portfolio by offsetting costs associated with project delays.