EXXON

Exxon Mobil Company

Exxon Mobil Company

Introduction

Exxon Mobil Corporation is a multinational gas and oil company based in the United States of America. It is studied that the existence of Exxon Mobil Corporation came into being as a result of the merger of Exxon and Mobil. This corporation was founded on 30th November, 1999, and is observed to be the direct descendant of John D. Rockefeller's Standard Oil Company. The Exxon Mobil Company operates I affiliation with Imperial Oil which continues to operate in Canada. The headquarters of Exxon Mobil Corporation is found in Irving, Texas. The success of Exxon Mobil Corporation is widely noticeable in the world (Hoggan & Littlemore, 2009).

The Exxon Mobil Corporation is a huge corporation and it involves a large number of operating divisions within its operating portfolio including upstream, downstream and chemical divisions. The most prominent operating divisions in the above mentioned categories are mentioned as follows. The Upstream division of Exxon Mobil Corporation includes ExxonMobil Exploration Company, ExxonMobil Gas and Power Marketing Company, ExxonMobil Upstream Ventures, ExxonMobil Upstream Research Company, ExxonMobil Production Company and ExxonMobil Development Company.

The downstream operating division of Exxon Mobil Corporation includes ExxonMobil Refining and Supply Company, ExxonMobil Research and Engineering Company, International Marine Transportation, SeaRiver Maritime and ExxonMobil Fuels, Lubricants & Specialties Marketing Company. In addition to this, the chemical division of this corporation includes Exxon Mobil Chemical Company. The Exxon Mobil Corporation also involves global services which include the following operating companies within its portfolios. These include ExxonMobil Information Technology, Global Procurement, Business Support Centers and Global Real Estate and Facilities (Reed & Fitzgerald, 2011).

This is a basic overview of the Exxon Mobil Corporation that provides us with the core activities and operations of this , the corporation in the oil and gas industry. The Exxon Corporation has succeeded in its operations and has contributed to the economy of America to a great extent. A brief discussion about the contribution of Exxon Mobil Corporation towards the economy of United States and its success path is presented as follows.

Discussion

Exxon Mobil Corporation is one of the largest oil and gas corporations in the world, and it plays a vital role in the economy of the United States. It was observed that gas prices experienced an increase of about 30 to 40 cents in 2008. This disappointed the consumers, but it was great news for Exxon Mobil because it turned out to be the best year for them in terms of profitability. The Exxon Mobil Corporation made a profit of $45 billion. It was observed that in the very next year 2009, the business of this corporation experienced a decline because of the decrease in the prices of gas. In 2009, the earnings of this corporation were recorded to be less than half of its earnings in the year 2009. It is being observed that as the market of the United States is recovering and the prices of gas are increasing, the business and profits of this corporation are also ...