Fortune 500•The Fortune 500 is an annual list compiled and published byFortune magazine that ranks the top 500 US Companies.•Public corporations as ranked by their gross revenue afteradjustments made by Fortune to exclude the impact of excise taxescompanies collect.•The list includes publicly and privately-held companies for whichrevenues are publicly available.•The first Fortune 500 list was published in 1955.•Wal-Mart was the largest company on the list in 2007 and 2008.ExxonMobil was in second place in 2007 and 2008, but overtookWal-Mart in 2009.
Exxon Mobil Corporation•The Exxon Mobil Corporation, or ExxonMobil, is an Americanmultinational oil and gas corporation.• It is a direct descendant of John D. Rockefellers Standard Oilcompany,• formed on November 30, 1999, by the merger of Exxon and Mobil.It has its headquarters in Irving, Texas.• largest publicly traded companies in the world, having been rankedeither #1 or #2 for the past 5 years.•Reserves were 72 billion oil-equivalent barrels at the end of 2007and, at then (2007) rates of production, are expected to last over 14years.•The company has 38 oil refineries in 21 countries constituting acombined daily refining capacity of 6.3 million barrels.•ExxonMobil is the largest of the six oil super majors with dailyproduction of 3.921 million BOE (barrels of oil equivalent).
Exxon Mobil Corporation SWOTStrengths• A long established name that has been in existence for over one hundred years. This gives the customers a sense of security when dealing with the organization.• The organization has been innovative in the past and continues to be very innovative currently too by spending a lot on research and development to come up with more efficient and effective ways to manage the energy resources and reduce the negative impact to the environment.• The organization has a global presence and thus has access to a wider customer base and a larger market than other energy companies.Weaknesses• Inappropriate handling of the environmental interest groups is a very big weakness of the organization and can be detrimental to it in the future.• Further the organization has been known for exorbitant profits in the last few years as energy prices were increasing, which gave it quite a lot of negative publicity that the organization did not handle very well and has cost it the good will of its consumers, who consider the organization to be becoming rich at the expense of the “poor consumer”.
Exxon Mobil Corporation SWOT Opportunities• The biggest opportunities that are available to the organization currently is the increased demand of energy by developing economies in the South Asian and South East Asian regions likes Malaysia, Indonesia, Korea and Vietnam. Threats •The emerging economies of China and India that have been the biggest demanders of energy in the past few years are being hit by the recession in the developed economies and thus have reduced their rates of energy consumption that has caused the organization to loose out on projected levels of profit. •The increased attention to the conservation of the environment has resulted in the reduction of the use of energy and energy savings and in the future this will only increase thus reducing the profitability of the organization.
OPEC & Exxon Corporation• The Organization of the Petroleum Exporting Countries (OPEC, pronounced is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.• OPEC nations still account for two-thirds of the worlds oil reserves, and, as of April 2009, 33.3% of the worlds oil production, affording them considerable control over the global market The Organization of Petroleum Exporting Countries (OPEC) was formed to protect the interests of the producing countries. As OPEC became more assertive, Jersey Standard sought other sources of crude oil. The company discovered oil fields in Alaskas Prudhoe Bay and in the North Sea. Around the same time, in 1972, Standard Oil of New Jersey officially changed its name to Exxon Corporation.