ExxonMobile Critical Success Factors - 3661 Words

_INTRODUCTION_ ExxonMobil Corporation is the second largest integrated oil company in the world. In 2011 it ranked 3rd in the worlds largest companies with a revenue of $354,674 million and total profit of $30460 million. ExxonMobil has evolved from a regional marketer of kerosene in the U.S. to the largest trader of petroleum and petrochemical enterprise in the world. They are best known by their familiar brand names: Exxon, Esso and Mobil and they supply to more than 40,000 service stations under this name. They make products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods. The company has 38 oil refineries in 21 countries with a†¦show more content†¦The factors which have lead to the success of ExxonMobil are: Commitment to technology leadership Global distribution and strong brand image Large refinery capacity and financial strength Vertical integration of business Cost efficiency and increased profits Competitive advantage ï ¿ ½ _CRITICAL SUCCESS FACTORS OF EXXONMOBIL:_ COMMITMENT TO TECHNOLOGY LEADERSHIP Technology leadership is another critical factor contributes to the success of Exxon Mobil in the oil and gas industry. Obviously, in this area, the technology leadership is mainly used for exploring, discovering, refining, storing, and transportation oil products. Hence, the ability to find new energy sources in shortest period of time in any condition has been seen as an essential element of any oil companies want to be the market leader. It determines the efficiency, productivity, quality, reliability and high standard products of an oil company like Exxon Mobil. Commitment to technology innovation helps Exxon Mobil gains first mover advantages over its competitor in this industry. It also helps Exxon Mobil expedites and cuts down the time consuming in discovering oil sources and gas. In Addition, it enables Exxon Mobil explores oil and gas in unconventional areas such as deep sea and tar sands or in very hard conditions. On the other hand, Exxon Mobil is able to reduce costs of production and enhance bringing products into the supply chain fromShow MoreRelatedSaudi Aramco : About The Company3890 Words   |  16 PagesThe company strives to attract, groom and hold top talent and nurtures a culture that encourages teamwork, drives accountability and rewards performance. PESTEL Analysis PESTEL analysis is performed here to understand the external environmental factors that are affecting or may affect Saudi Aramco. Political: Political environment has a major influence on various SA’s operations. Policies are inspired and implemented in line with government regulations, socio-economic and socio-political needsRead MoreCross Cultural Management Research6745 Words   |  27 Pagesany corporation requires a strong management plan and involves diversity or one type or another. Organizations that become multinational corporations have an even greater challenge. These multinational corporations have to take into consideration factors such national cultures and subcultures, religious beliefs and traditions, labor laws, and local regulation. These are only a minute number of diversity issues a multinational corporation will face. This paper will highlight several multinational corporationsRead MoreMarketing Case Study9790 Words   |  40 PagesMcDonald’s prospects for success beyond the burger-and-fries model. McDonald’s spent a period of time acquiring businesses they believed to be complimentary to their core burger-and-fries model. However, during this expansion, they made the error of â€Å"taking their eye off of the ball.† This allowed competitors to make inroads and resulted in their core business flagging. By reasserting themselves in their core business, they are reestablishing themselves as innovators in the market. Success beyond their coreRead MoreCompany Valuation Report for Bp20320 Words   |  82 Pagesnote that despite higher revenues in 2010, the Earnings Before Interest and Tax (EBIT) was negative. This indicates that BP was making a loss of $3,702 million that year. EBIT measures the level of profitability of the firm by disregarding external factors such as the financing model of the firm and corporation taxation policies. This allows the EBIT to focus solely on the businesses’ capacity to generate profit on its sales. In the case of BP, EBIT margi ns are generally positive except for the year