2. Fortune 500
•The Fortune 500 is an annual list compiled and published by
Fortune magazine that ranks the top 500 US Companies.
•Public corporations as ranked by their gross revenue after
adjustments made by Fortune to exclude the impact of excise taxes
companies collect.
•The list includes publicly and privately-held companies for which
revenues are publicly available.
•The first Fortune 500 list was published in 1955.
•Wal-Mart was the largest company on the list in 2007 and 2008.
ExxonMobil was in second place in 2007 and 2008, but overtook
Wal-Mart in 2009.
3. Exxon Mobil Corporation
•The Exxon Mobil Corporation, or ExxonMobil, is an American
multinational oil and gas corporation.
• It is a direct descendant of John D. Rockefeller's Standard Oil
company,
• formed on November 30, 1999, by the merger of Exxon and Mobil.
It has its headquarters in Irving, Texas.
• largest publicly traded companies in the world, having been ranked
either #1 or #2 for the past 5 years.
•Reserves were 72 billion oil-equivalent barrels at the end of 2007
and, at then (2007) rates of production, are expected to last over 14
years.
•The company has 38 oil refineries in 21 countries constituting a
combined daily refining capacity of 6.3 million barrels.
•ExxonMobil is the largest of the six oil super majors with daily
production of 3.921 million BOE (barrels of oil equivalent).
4. Exxon Mobil Corporation
Financial Highlight
$ millions
Year-end 2005 2006 2007 2008 2009
Total
358 955 365 467 390 328 459 579 301 500
revenue
Net income 36 130 39 500 40 610 45 220 19 280
Total assets 208 335 219 015 242 082 228 052 233 323
Total debt 7 991 8 347 9 566 9 425 9 605
7. Exxon Mobil Corporation
SWOT
Strengths
• A long established name that has been in existence for over one hundred
years. This gives the customers a sense of security when dealing with the
organization.
• The organization has been innovative in the past and continues to be very
innovative currently too by spending a lot on research and development
to come up with more efficient and effective ways to manage the energy
resources and reduce the negative impact to the environment.
• The organization has a global presence and thus has access to a wider
customer base and a larger market than other energy companies.
Weaknesses
• Inappropriate handling of the environmental interest groups is a very big weakness of
the organization and can be detrimental to it in the future.
• Further the organization has been known for exorbitant profits in the last few years as
energy prices were increasing, which gave it quite a lot of negative publicity that the
organization did not handle very well and has cost it the good will of its consumers, who
consider the organization to be becoming rich at the expense of the “poor consumer”.
8. Exxon Mobil Corporation
SWOT
Opportunities
• The biggest opportunities that are available to the organization
currently is the increased demand of energy by developing
economies in the South Asian and South East Asian regions likes
Malaysia, Indonesia, Korea and Vietnam.
Threats
•The emerging economies of China and India that have been the biggest
demanders of energy in the past few years are being hit by the recession in
the developed economies and thus have reduced their rates of energy
consumption that has caused the organization to loose out on projected
levels of profit.
•The increased attention to the conservation of the environment has
resulted in the reduction of the use of energy and energy savings and in the
future this will only increase thus reducing the profitability of the
organization.
9. OPEC & Exxon Corporation
• The Organization of the Petroleum Exporting Countries (OPEC, pronounced is a
cartel of twelve countries made up of
Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi
Arabia, the United Arab Emirates, and Venezuela.
• OPEC nations still account for two-thirds of the world's oil reserves, and, as of April
2009, 33.3% of the world's oil production, affording them considerable control
over the global market
The Organization of Petroleum Exporting Countries (OPEC) was formed to
protect the interests of the producing countries. As OPEC became more
assertive, Jersey Standard sought other sources of crude oil. The company
discovered oil fields in Alaska's Prudhoe Bay and in the North Sea. Around the
same time, in 1972, Standard Oil of New Jersey officially changed its name to
Exxon Corporation.
