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Business Analysis Project - Research Paper Example
Author : lavada81
Pages 5 (1255 words)
Exxon Mobil Corporation Exxon Mobil Corporation is one of the leading oil and gas companies in the world, providing varied products and services to its worldwide consumers. The corporation is involved in geologic exploration of oil resources, extraction of ores, refining, production, marketing and distribution of oil and gas products worldwide…
The company headquarters are at Irving in Texas and employs about 80,000 people (mbaknol.com, 2012). Exxon Mobil has been marked with a higher market value than any other publicly-traded company in the world. History: Exxon Mobil Corporation is a merger of Exxon and Mobil, two great oil industry titans in the past century. The historic background of these two companies is a notable one and heads back to 19th century, when these two companies were established. Standard Oil Company of New Jersey (Exxon) and Standard Oil Companies of New Jersey (Mobil) were formed from John D. Rockfeller’s Standard Oil Trust which was started in 1870. With the increase in oil resources and implementation of various advanced techniques, they emerged as greatest oil corporations and formed individual identities for each. They indeed created a great impact to the American economy in the past century. Even after the dissolution of Standard Oil Trust in 1911, they subsisted to expand and grew in terms of their production, refining and research, making them leading companies in the oil and gas industry. Since the end of the World War 2, the company expanded its market to more than 100 countries. The companies stayed separate for nearly 87 years, until they signed a definitive agreement that the two would merge and form a new company, namely, Exxon Mobil Corporation. ...