Since Exxon Mobil is such a large, diverse and far reaching corporation, there are many different avenues taken to reach the global market.
At the most basic level of its infrastructure is Exxon Mobil’s exporting industry. Exxon Mobil exports refined products throughout the world, such as kerosene, natural gas, oil and petroleum. Much of what Exxon Mobil does to penetrate the global market, however, is done through direct investments. In China, for example, Exxon Mobil offices and operations are dated back to the 1890’s, a time when its predecessor, Standard Oil opened local offices to take advantage of the high demand for kerosene in the region. More recently- after China reopened their markets to foreign participation, Exxon affiliated companies (foreign franchises) of the behemoth corporation integrated the company into several different areas of China’s energy industry. In other areas of the world- Iraq’s Kurdistan Region, for example- Exxon Mobil owns and operates refineries. Still in other regions, Exxon Mobil has opted to gain access to foreign markets through joint ventures. Currently, Exxon Mobil has such ventures with Mobil Producing Nigeria (MPN); operating through Exxon Mobil RasGas, there is a joint venture with Qatar Petroleum, which has helped to make Qatar the world’s largest liquefied natural gas (LNG) supplier, while simultaneously developing regasification terminals in the United States, the United Kingdom and off Italy’s shores, which puts the Exxon Mobil corporation in the perfect position to take extreme advantage of the growing demand for LNG; finally, two joint ventures in China allow the company to export refined products or establish fresh refining capacity and exploit the increase in demand for refined products throughout the country. Additionally, Exxon Mobil has extended its hands to various LNG projects throughout Qatar, as noted above, and Indonesia through several strategic alliances. In looking to the future and Exxon Mobil, the company will utilize its huge proprietary technology to commission four of the world’s biggest liquefaction facilities and new LNG ships designed to carry 80% more natural gas than traditionally used ships.
Since Exxon Mobil is such a large, diverse and far reaching corporation, there are many different avenues taken to reach the global market. At the most basic level of its infrastructure is Exxon Mobil’s exporting industry. Exxon Mobil exports refined products throughout the world, such as kerosene, natural gas, oil and petroleum. Much of what Exxon Mobil does to penetrate the global market, however, is done through direct investments. In China, for example, Exxon Mobil offices and operations are dated back to the 1890’s, a time when its predecessor, Standard Oil opened local offices to take advantage of the high demand for kerosene in the region. More recently- after China reopened their markets to foreign participation, Exxon affiliated companies (foreign franchises) of the behemoth corporation integrated the company into several different areas of China’s energy industry. In other areas of the world- Iraq’s Kurdistan Region, for example- Exxon Mobil owns and operates refineries. Still in other regions, Exxon Mobil has opted to gain access to foreign markets through joint ventures. Currently, Exxon Mobil has such ventures with Mobil Producing Nigeria (MPN); operating through Exxon Mobil RasGas, there is a joint venture with Qatar Petroleum, which has helped to make Qatar the world’s largest liquefied natural gas (LNG) supplier, while simultaneously developing regasification terminals in the United States, the United Kingdom and off Italy’s shores, which puts the Exxon Mobil corporation in the perfect position to take extreme advantage of the growing demand for LNG; finally, two joint ventures in China allow the company to export refined products or establish fresh refining capacity and exploit the increase in demand for refined products throughout the country. Additionally, Exxon Mobil has extended its hands to various LNG projects throughout Qatar, as noted above, and Indonesia through several strategic alliances. In looking to the future and Exxon Mobil, the company will utilize its huge proprietary technology to commission four of the world’s biggest liquefaction facilities and new LNG ships designed to carry 80% more natural gas than traditionally used ships.
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