Exxon Mobil SWOT Analysis
• ExxonMobil is the largest non-government owned company in the energy industry and produces about 3 percent of the world’s oil and about 2 percent of the world’s energy
• Providing better product, services and security to the customers.
• The company has diversified group of Business Division.
• The company has employed around 80,000 employees.
• Better Cash flows in term of revenues and profits.
• Listed No.1 Company in fortune 500 list.
• Joint Ventures with Shell Oil for Aera Energy LLC & Infineum.
• It has spending a lot in research to utilize the energy resource in efficient and effective ways in order to reduce negative impact on environment.
• The Company has 38 Oil refineries in 21 countries which in cumulative producing 6.3 barrels.
• It had strong mergers in the past with Standard Oil of New Jersey, Standard Oil of New York and Standard Oil.
• It has strong presence in Oil demanding countries like India and China.
• The company donated 6.6 Million to environmental and social group in 2007.
• Profits are increasing every year.
• Strong marketing and distribution.
• Criticize by people, human right and social groups on different incidents including Exxon Valdez oil spill, Exxon’s Brooklyn oil spill.
• It has not been able to handle the environmental and social groups during the time of crises situation.
• The scientists also criticized ENL’s unwillingness to cooperate with the scientific panel process, which “certainly impedes the cause of western gray whale conservation.”
• The Company is less concerned about environmental and social issues.
• Illegal trade with few countries.
• Involved in unethical practices e.g Bribing President Nursultan Nazarbayev of Kazakhstan to get 25% of the Tengiz oil fields.
• Increasing demand of CNG and LPG.
• Market development in oil demanding markets like Indonesia, Malaysia, Korea.
• The Company can donate to Social and environmental groups to show their interest in environmental issues.
• Joint Ventures in new markets
• Resistance of environmental and social groups
• Slowdown in economy due to recession
• Increase in Taxes
• Alternative energy sources
• Government regulations and policies