ExxonMobil Corporation is the largest international Oil and Fuel Company. It is more than 125 years of excellence of Exxon Mobil in the energy sector. It has enormous resources of oil and gas. Focusing on the world's need of energy, they apply science and technological innovation to find safe and orderly way. Exxon Mobil adopted vertical integration strategy. The company believes in powerful research and development which makes them compete in the global market. Exxon Mobil does not compromise on the quality and believes in manufacturing featured product.
Discussion
Business Components
The business components are building blocks which makes an organization specialized and state its purpose of existence. Specially in past twenty-five years business across the globe have changed dramatically, which have made it necessary for businesses to make its component comprehensible and wise.
The Business
Exxon Mobil Corporation affiliated primarily in exploration and manufacturing of petroleum products and natural gas. Exxon Mobil engaged in diversified nature of businesses. These businesses include the aviation and fuel system, chemical, credit cards, marine and lubricant. Exxon mobile's business units spread around the world. For crude oil and gas, Exxon works under three brands, Gesso, Mobil and Exxon. Exxon Mobil leads the world best oil and gas companies.
SWOT Analysis of Exxon Mobil
Being the world's leading the company, Exxon Mobil has its Strength, Weaknesses, Opportunities and Threat. Exxon needs to be careful identifying SWOT. The correct identification will help them to grow enormously.
Internal Strength
XTO energy acquired by Exxon
Highest exploration the quality
New research and Development
Diversified Revenue Generation
Internal Weaknesses
High-debt ratios and declining cash flows
Declining oil reserves in the world
Law suits and Contingencies
External Opportunities
Increasing demand of crude oil
High oil prices
Demand of shale gas
External Threats
Uncertainties in oil producing regions
Higher production cost
Environmental hazards
Overall Business Analysis
Exxon Mobil continues maintain its business portfolio and acquires the businesses that are in profit. Exxon acquired (XTO) energy sector, it involved in exploration, production and transportation of oil and natural gas. Exxon captures highest exploration the quality and it ranked among the top of Fortune 500 companies. The company believes in Expansion of business and sees the large picture while never losing sight. XTO leads in Gas resources having 45 trillion cubic feet of gas. Exxon focuses on natural gas. Exxon explores ...