The company chosen is Exxon Mobil Corporation; the multinational oil and gas corporation. Exxon Mobil is one of the oldest oil and gas companies on Earth. Formed after the break-up of the famous Standard Oil Company, Exxon and Mobil become separate companies. However, they came together in 1999, making it the largest Oil and Gas Company(“About ExxonMobil,” n.d.). In its 135-year-old history, the multinational giant has grown from a regional marketer of kerosene to one of the world’s largest petroleum companies. ExxonMobil conducts operations in several countries around the globe. Its brand names; Mobil, Exxon and Esso, are well known.
ExxonMobil uses innovative technology that enables it to help solve the world’s energy problems. The multinational company oil and gas fields that make it able to supply the natural resources and cover the world’s demands. ExxonMobil is also world’s most critical integrated refiners and marketers of petroleum-related products.
ExxonMobil seems to have performed well over the years; since the merger of Exxon and Mobil. The company has been known to perform better than other companies during the current millennium’s fluctuation in oil prices. It has both upstream operations, as well as downstream operations. If there is a loss in one sector, the company manages to cover it up from the other industry.
ExxonMobil has total assets of around $330 million, out of which $244 million is the valuation of its plant, property and equipment. It is quite evident that the company has assets that can allow it to sustain any financial losses. Though, a loss may not occur sooner. The situation shows that the price wars of oil and gas will profit the company.(Arnold, 2017)
REFERENCES
About ExxonMobil. (n.d.). Retrieved October 25, 2017, from http://corporate.exxonmobil.comhttp://corporate.exxonmobil.com/en/company/about-us
Arnold, J. (2017, September 21). Why Exxon Mobil Is Still In Much Better Shape Than The Industry. Retrieved October 25, 2017, from https://seekingalpha.com/article/4108579-exxon-mobil-still-much-better-shape-industry
