1. ExxonMobil Presented by: Ferdinand C. Importado Dr. Cecile Santiago-Garcia Seminar on Special Cases in Management
2. Report outline • History of Exxon and Mobil • Mission, vision, principles and corporate culture • Competitors • ExxonMobil’s controversies • S-W-O-T ExxonMobil merger • ExxonMobil’s merger facts • ExxonMobil’s post-merger facts • Reasons, risks and criticisms • ExxonMobil’s competitive advantages
3. Exxon Mobil History • John D. Rockefeller and partners formed the Standard Oil Company of Ohio in 1870 • In 1882,Rockefeller and partners formed the Standard Oil Trust to unify what then numbered about 40 companies.
4. Exxon Mobil History • The Trust formed Standard Oil Company of New Jersey New York. • By 1889, the Trust established itself as a vertically integrated organization. • Congress's passage of the Sherman Anti-Trust Act of 1890, eventually led to the dissolution of the Trust in 1892.
5. Exxon Mobil History The Standard Oil Interest was formed and in 1899 the Standard Oil of New Jersey became its holding company. In May 1911, the United States Supreme Court declared Standard Oil Company of New Jersey an "unreasonable" monopoly and ordered it to dissolve, resulting in 34 distinct and separate companies.
6. Exxon Mobil History • The Standard Oil Company of New Jersey would become Exxon • The Standard Oil Company of New York would become Mobil • 1999 Exxon and Mobil merged and become the world's largest energy corporation
7. Mission ―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.‖
8. Exxon Mobil Corporation aspires to be at the leading edge of competition in every aspect of business. That requires the Corporation's resources — financial, operational, technological, and human to be employed wisely and evaluated regularly Vision
9. Shareholders Committed to enhancing the long-term value of the investment dollars entrusted by shareholders. By running the business profitably and responsibly, shareholders are expected to be rewarded with superior returns. This commitment drives the management of the Corporation
10. Customers Success depends on ability to consistently satisfy ever changing customer preferences. By committing to be innovative and responsive, while offering high quality products and services at competitive prices
11. ExxonMobil Brands Customers in the United States have come to respect and rely on Exxon-branded fuels, services and lubricants for their personal and business needs. Customers around the world have come to respect and rely on Esso-branded fuels, services and lubricants for their personal and business needs. Marketed around the world, Mobil is known for performance and innovation. Mobil is recognized for its advanced technology in fuels, lubricants and services.
12. Employees Exxon strive to hire and retain the most qualified people available and to maximize their opportunities for success through training and development. They are also committed to maintaining a safe work environment enriched by diversity and characterized by open communication, trust, and fair treatment
13. Leadership in process safety ExxonMobil is committed to providing a safe work environment for employees, contractors, and the communities they operate. The process safety approach focuses on reducing risk through the flawless execution of Operations Integrity Management System (OIMS). Rigorously deployed throughout global operations, OIMS establishes expectations by which facilities are designed, operated, and maintained in order to continuously improve safety and environmental performance.
14. Community The firm commit to be a good corporate citizen in all the places they operate worldwide. They maintain high ethical standards, obey all applicable laws, rules, and regulations, and respect local and national cultures. Above all other objectives, they are dedicated to running safe and environmentally responsible operations