Essay: Current conditions, operations and functional areas of “ExxonMobil” company

Introduction
The point of this report is to provide information about current conditions, operations and functional areas of “ExxonMobil” company, which is the largest publicly traded petroleum and petrochemical enterprise in the world. This report was made for potential investors to clarify the company real position and its operating condition to provide glimpse of the future of the company. The following business report presents information about firstly, profile, history, value and development of the company secondly, internal and external factors such as strength, weaknesses, opportunities and threads on the global market and finally, home market analysis.
General Description of the company.
“ExxonMobil” company explores, develops and distributes crude oil and natural gas. The company through its divisions and affiliated companies engages in its principal business involving exploration for crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. It manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastic and a variety of specialty products. The company also has interests in electronic power generation facilities. It operates business under three segments: Upstream, downstream and chemical. The upstream segment is organized to explore and produce crude oil and natural gas. The downstream segment manufactures and sells petroleum products. The chemical segment operates to manufacture and sell petrochemicals. It supplies olefins, polyolefin, aromatics and a wide variety of other petrochemicals. “ExxonMobil” consist of financial, operational, technological and human resource departments. The company operates in the U.S.A and most other countries of the world.
The “ExxonMobil” company sales services and products under three brand names: “Exxon”, “Mobil” and “Esso”. The history of “ExxonMobil” company is the story of two companies “Exxon” and “Mobil”. It all started when John D. Rockefeller and partners established the Standard Oil Company in 1870. By 1878, Standard Oil controlled 95% of the US refining capacity. Unfortunately, in 1989, the representatives of Standard Oil was blamed for breaching state anti-monopoly laws. Then, in 1911 after the decision of the US Supreme Court Standard Oil breaks up into 34 unrelated companies, including Jersey Standard, Socony and Vacuum Oil.  In 1931, Socony changed its name to Socony-Vacuum. Socony-Vacuum became Socony Mobil Oil Co. in 1955 and, in 1966, Mobil Oil Corp. Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. However, in the worldwide this company known as Esso. In 1999, Exxon and Mobil signed a definitive agreement to merge and form a new company called ExxonMobil Corporation.
The “ExxonMobil” company world headquarters are located in Irving, Texas, which was the headquarters of the Exxon corporation before its merger with Mobil. The headquarters for the ExxonMobil retail convenience stores are located in Fairfax, Virginia. “ExxonMobil” company provides work for 83700 employees.
About logo:
Shape of the Exxon Mobil Logo:
The Exxon Mobil logo is one of the most instantly recognizable logos in the oil and gas industry. It comprises of a typographic treatment of the company’s name that singles out the “interlocking X” as a unique element, preserving some of the most essential characteristics of both Exxon and Mobil.
Colors of the Exxon Mobil Logo:
The use of red color in the Exxon Mobil logo represents energy, prosperity, determination and dynamism, whereas the white color stands for purity, elegance and integrity.
Font of the Exxon Mobil Logo:
The Exxon Mobil logo is based on a hand-drawn typeface developed by Chermayeff & Geismar.
Motto of “ExxonMobil” company is:
“Energy lives here”.
Mission statement of the “ExxonMobil” company is:
“Exxon Mobil Corporation is committed to being the world’s premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while simultaneously adhering to high ethical standards..”
“ExxonMobil” company in the “Forbes” the world’s most valuable brands 2015 ranking
ranks in 91th position with 357.1 billons of US dollars. (Forbes 2015)
According to Wall Street the enterprise value of “ExxonMobil” company is 366.78 billions of US dollars and market capitalization is 336.76 billions of US dollars.
Price for “ExxonMobil” company one share is 81.03 US dollar. (WSJ 2016)
In march 12 2012 “ExxonMobil” company has announced investment plans of 185 billions of US dollars for the next five years to develop new supplies of energy to meet expected growth in demand by Chairman and CEO Rex W. Tillerson. (ExxonMobil Corporate Website 2012)
SWOT
Strength
• Research and development investment: “ExxonMobil” company in order to be in a head of oil and gas industry has invested a huge number of resources for development and research. The company spend during the past five years for about one billion US dollars to develop and find new techniques to gain more income to the company. (ExxonMobil Corporate Website 2015)
• Worldwide retail operations: “ExxonMobil” company has many retails throughout the world. It gives good opportunities to increase the profit of the company by selling products in developed and growing markets on multiple countries. (ExxonMobil Corporate Website 2015)
Weaknesses
• Increasing production cost: Despite high oil prices during the last decade, “ExxonMobil” company was not able to have the highest profit because of production cost. In present days price of oil reducing, and oil companies looking to unconventional oil such as tar sands and shale oil. This type of oil has higher production cost as a result reduces the profits of the company. (CNN news 2015, Summary annual report 2013)
• Environmental Hazards: Even though the tragedy of Exxon Valdez oil spill took place twenty-five years ago, the negative impacts of it still remains the “ExxonMobil” company. (PR Newswire 2011)
Opportunities
• New LNG Markets: The demand for Liquefied Natural Gas (LNG) increases in the growing countries “ExxonMobil” company started to invest in projects that will meet this demand. “ExxonMobil” company invested in LNG transporting and LNG export projects, including Alaska’s LNG pipeline. (Alaska LNG project 2015)
• New developments: New exploration technology gives opportunities to find and develop oil resources that have not been found or developed. (PR Newswire 2011)
Threats
• Low oil prices: During the last two years the price of the oil resources reduced from $110 to 45$ per barrel because of oversupply of oil. If low prices are to continue for the long term “ExxonMobil”, company may accommodate its operations. (BBC news 2015)
Home market analysis: