Critical analysis of ExxonMobil and British Petroleum

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Critical analysis of ExxonMobil and British Petroleum

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ExxonMobil, British Petroleum, petroleum, BP, Shell, Royal Dutch Shell, Chevron, petrochemicals, fuels, lubricants, natural gas, liquefied natural gas, Gulf Coast, Texas,

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Abstract

ExxonMobil is an American multinational, with its corporate headquarters in the city of Irving in the state of Texas. It is considered a leader in the industry of energy and petrochemicals in all its fundamental characteristics, they operate facilities: managing all processes from manufacturing to marketing commodity petrochemicals, the production of goods made out of petroleum, and fuels for transportation means, as well as the sale of crude oil and natural gas in many countries around the Globe, they are also highly engrossed in exploring for natural gas and crude oil in the vast lands of all six continents...
British petroleum known as BP is a British multinational based in London. It operates in the oil and gas industry covering all its large areas, as well as exploring and searching for gas and oil all around the world with the use of technology "SEISMIC IMAGING" which is a lens that is utilised to explore below the surface in search of hydrocarbons not to forget the production, the sale of refined petroleum goods, distribution and fuels marketing businesses, market lubricants for automotive use, and petrochemicals.

Overview of the companies
1. ExxonMobil
2. British Petroleum
3. ExxonMobil SWOT analysis
4. British Petroleum SWOT analysis
ExxonMobil
British Petroleum
Porter's 5 Forces (comparison/competitors)
1. Competitive rivalry (High)
2. Threat of New Entrants (Low)
3. Threat of Substitutes (Low)
4. Bargaining Power of Buyers (Medium)
5. Bargaining Power of Suppliers (High)
6. Recommendations that will 100% work for every oil company

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[...] “In 2013, we sold more than 14 billion net cubic feet per day of gas across 35 countries including participating in LNG operations that delivered more than 62 million tonnes to global markets” (Exxon Mobil, no date) affirms ExxonMobil with a lot of confidence and claims to be industry leaders in cogeneration technology which allows the company to gain extra value by the increase in efficiency and decrease of harmful emissions. (ExxonMobil, no date.) It is considered that the largest manufacturer of aromatics, paraxylene and benzene, not to forget olefins. [...]

[...] (ExxonMobil, no date) As mentioned before, ExxonMobil has widely spread its activity around the globe by locating itself in all the continents, starting in the USA. ExxonMobil is present in countries of North America, The Middle East, North African, Asia Pacific, sub-Saharan countries of Africa, and Europe. (ExxonMobil, no date.) The company's net income was $ 19.7 billion in 2017, versus $ 23.2 billion at the end of September 2018. And registered the revenue of $ 284.8 billion at the end of September 2018 versus $ 76.6 billion in 2017. [...]

[...] Exxon Mobil Corporation SWOT Analysis (2015) ExxonMobil Corporation SWOT Analysis, p.4 Available at: http://search.ebscohost.com.ezproxy.cardiffmet.ac.uk/login.aspx?direct=true& db=buh&AN=108383621&site=ehost-live (Accessed: 15 December 2018). Exxon Mobil Corporation SWOT Analysis (2015) ExxonMobil Corporation SWOT Analysis, p.5 Available at: http://search.ebscohost.com.ezproxy.cardiffmet.ac.uk/login.aspx?direct=true& db=buh&AN=108383621&site=ehost-live (Accessed: 20 December 2018). ExxonMobil (no date), Digital Annual Report 2017, Available at: https://corporate.exxonmobil.com/en/company/annual-report/2017-upstream- overview (Accessed: 20 December 2018) ExxonMobil (no date), Digital Annual Report 2017, Available at: https://corporate.exxonmobil.com/en/company/annual-report/2017-downstream- overview (Accessed: 20 December 2018) Exxon Mobil Corporation SWOT Analysis (2015) ExxonMobil Corporation SWOT Analysis, p.6 Available at: http://search.ebscohost.com.ezproxy.cardiffmet.ac.uk/login.aspx?direct=true& db=buh&AN=108383621&site=ehost-live (Accessed: 20 December 2018). [...]

[...] (ExxonMobil, 2018). The company's strong market positioning and global geographic presence allow it to exploit many existing and rising market opportunities all over the world. Its global presence allows the company to systematically reduce the extent of its risk exposure and the probability its manifestation in an extremely dynamic market environment, as well as boosting the profit to maximum with the help of a constant change in the business cycle. (ExxonMobil Corporation SWOT Analysis p.5) The upstream business segment of ExxonMobil is considered a world leader in: exploration, development, production and natural gas marketing, as well as energy research. [...]

[...] The company has identified many opportunities that it will take advantage of in the near future and we can count many of them. In their annual report, ExxonMobil mentioned that the expected worldwide demand for oil is estimated to rise by 20% in the upcoming two decades, and that the oil energy will always be a primary resource used for transportation and as a feedstock, on the other hand, the demand for natural gas is expected to rise to 40% in the next two decades. [...]

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