The Exxon Mobil Corporation, or ExxonMobil, is Texas based American multinational oil and gas corporation whereas Shell is a Dutch company having operations in more than 90 countries and more than one million employees worldwide.Exxon Mobil and Shell are the arch rivals and…
Shell is also engaged in same type of oil business as Mobil did even though their abilities are comparatively less than that of the Exxon Mobil Company. This paper briefly compares Exxon Mobil and Shell in terms of their current policies, the way of operation, marketing strategies and international expansion etc.
Record oil prices for the past few years helped oil companies in general and Exxon Mobil in particular to accumulate huge profits. The financial conditions of Exxon Mobil is far better than Shell. “Exxon Company has nearly $40 billion in cash reserves and another $225 billion in repurchased stock. Thats enough money to pay a nearly 60 percent premium, in cash, for every share of its next largest competitor - Royal Dutch Shell” (Daily News). In short Shell is nothing in front of Mobil as far as the market capitalization or financial abilities are concerned even though Shell is placed second behind the Exxon (see the figure given below for more details).
According to many economical and business analysts, Exxon may buy the Royal Dutch Shell Oil Company in the near future itself in order to establish an absolute monopoly in the oil market. Even though the oil prices were rising up, Shell like oil companies failed to develop new projects to take advantage of the favorable business climate. On the other hand, Exxon Mobil succeeded developing new projects for the maximum exploitation of the higher oil price.
Both shell and Exxon Mobil give more priority to the evaluation of market interests as part of their marketing strategies. The call for energy efficient vehicles and environment friendly energy sources is growing in the world because of the severe environmental problems caused by the burning of fossil fuels. Under such circumstances, it is not advisable for these oil companies to increase their production beyond certain levels. They are closely watching the market trends and making changes in their oil prices ...
Cite this document
(“Exxon Mobile and Shell Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/413106-exxon-mobile-and-shell
(Exxon Mobile and Shell Research Paper Example | Topics and Well Written Essays - 750 Words)
“Exxon Mobile and Shell Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/413106-exxon-mobile-and-shell.
Corporate social responsibility (CSR) is considered as one of the most welcomed the development in the world of business. Through CSR, organizations have developed organizational activities that directly respond to the demands of most, if not all, the company’s stakeholders.
Businesses require a fast, in-time communication system for succeeding. Communicational delays could result in clients’ dissatisfaction, lost opportunities due to in-time decision making requirements, huge financial losses and sales reductions.
Many equipment and vehicle manufacturers trust Exxon for delivery of technologically superior products. The company has a dense network of stations and distributor channels throughout the world where its products can be found. Exxon mobile is the biggest super majors, which gives it a very strong competitive edge.
Transfer of the rights to company products and services can now be successfully done online. This is done using mobile devices, for example, PDA, smartphones, custom terminal, mobile phones and public mobile network. These have had a positive impact in
Additionally, it will give as info about its construction process and framework. Further, it contains valuable data the structural analysis, the design procedure, and the distinctive steel detailing.
n outstanding mark in the world business frontier by achieving profound financial results at the same time maintaining exemplary levels of ethical standards. Market capitalization of 361.19B has already placed the company above competitors like BP and CVX, thus ExxonMobil every
Ideally, each of the individual parts specializes in particular operation towards providing consumers with the products they need. The upstream segment focuses on the exploration and production of natural gas while the downstream focuses on refining
5 Pages(1250 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Exxon Mobile and Shell for FREE!