Exxon Mobil Corporation
Business Description
Divisions and affiliated companies of ExxonMobil operate or market products in
the United States and about 200 other countries and territories. Their principal
business is energy, involving exploration for, and production of, crude oil and
natural gas, manufacture of petroleum products and transportation and sale of
crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer
and marketer of basic petrochemicals, including olefins, aromatics, polyethylene
and polypropylene plastics and a wide variety of specialty products. ExxonMobil
also has interests in electric power generation facilities. Affiliates of ExxonMobil
conduct extensive research programs in support of these businesses.
Exxon Mobil Corporation has several divisions and hundreds of affiliates, many
with names that include ExxonMobil, Exxon, Esso or Mobil.
The upstream, downstream and chemicals functions best define the operating
segments of the business that are reported separately. The factors used to identify
these reportable segments are based on the nature of the operations that are
undertaken by each segment. The upstream segment is organized and operates to
explore for and produce crude oil and natural gas. The downstream segment is
organized and operates to manufacture and sell petroleum products and the chemicals
segment is organized and operates to manufacture and sell petrochemicals. These
segments are broadly understood across the petroleum and petrochemical industries.
Competitive Factors:?The energy and petrochemical industries are highly competitive.
There is competition within the industries and also with other industries in
supplying the energy, fuel and?chemical needs of industry and individual consumers.
The corporation competes with other firms in the sale or purchase of various
goods or services in many national and international markets and employs all
methods of competition which are lawful and appropriate for such purposes. A
key component of the corporation?s competitive position, particularly given
the commodity-based nature of many of its products, is its ability to manage
expenses successfully, which requires continuous management focus on reducing
unit costs and improving efficiency.
|