Throughout this course you have been preparing separate components of a comprehensive 2,500-word financial analysis (excluding tables, figures, and addenda) of a chosen company following the nine-step assessment process detailed in Assessing a Company's Future Financial Health. There are three parts to the final component assignment of the case study. Part One (Case Study Component 4) Apply the final three steps of the nine-step assessment process to develop a 750-word analysis of your chosen company: 1. Viability of the 3-5 Year Plan 2. Stress Test Under Scenarios of Adversity 3. Current Financing Plan Part Two Access the three prior component assignments, with instructor feedback incorporated, that you submitted in Topics 2, 4, and 6 see attachments. Integrate these three assignments into the final case study submission along with the Component 4 assignment in this topic to provide a comprehensive analysis inclusive of all nine steps that flows from start to finish. Part Three Assume that you will be presenting your analysis to a group of senior management at your place of employment that urgently needs to know this information to make a major financial decision for your company. In 250 words, develop an introduction to your analysis that can serve as an overview. Consider factors that might impede their ability to focus on the information you are presenting. For example, some of your audience may be pressed for time, another may have a crisis in their work team that needs to be attended to quickly, and others may simply not be paying attention. You have one chance to impress them; keep your overview focused, succinct, and informative. Present only key and other potentially relevant points this group needs to know. Prepare this assignment according to the guidelines found in the APA Style Guide,. An abstract is not required. This assignment uses a rubric below. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. 1 Unsatisfactory 0.00% 2 Less than Satisfactory 65.00% 3 Satisfactory 75.00% 4 Good 85.00% 70.0 % Content 5 Great 100% 40.0 %Incorporation of the Required Set of Elements in the Nine-Step Assessment Process for the Case Study Component The required set of elements is not present. The required set of elements is incorporated, but the information provided is incomplete, inaccurate, or otherwise deficient. The required set of elements is incorporated, but minimal detail or support is provided for one or more components. The required set of elements is present, and is incorporated in full. The submission encompasses essential details and provides appropriate support. The requir ...

1. Throughout this course you have been preparing separate
components of a comprehensive 2,500-word financial analysis
(excluding tables, figures, and addenda) of a chosen company
following the nine-step assessment process detailed in
Assessing a Company's Future Financial Health.
There are three parts to the final component assignment of the
case study.
Part One (Case Study Component 4)
Apply the final three steps of the nine-step assessment process
to develop a 750-word analysis of your chosen company:
1. Viability of the 3-5 Year Plan
2. Stress Test Under Scenarios of Adversity
3. Current Financing Plan
Part Two
Access the three prior component assignments, with instructor
feedback incorporated, that you submitted in Topics 2, 4, and 6
see attachments. Integrate these three assignments into the final
case study submission along with the Component 4 assignment
in this topic to provide a comprehensive analysis inclusive of
all nine steps that flows from start to finish.
Part Three
Assume that you will be presenting your analysis to a group of
senior management at your place of employment that urgently
needs to know this information to make a major financial
decision for your company. In 250 words, develop an
introduction to your analysis that can serve as an overview.
Consider factors that might impede their ability to focus on the
information you are presenting. For example, some of your
audience may be pressed for time, another may have a crisis in
their work team that needs to be attended to quickly, and others
may simply not be paying attention. You have one chance to
impress them; keep your overview focused, succinct, and
informative. Present only key and other potentially relevant
points this group needs to know.

2. Prepare this assignment according to the guidelines found in the
APA Style Guide,. An abstract is not required.
This assignment uses a rubric below. Please review the rubric
prior to beginning the assignment to become familiar with the
expectations for successful completion.

4. 1
Unsatisfactory
0.00%
2
Less than Satisfactory
65.00%
3
Satisfactory
75.00%
4
Good
85.00%
70.0 %
Content
5
Great
100%
40.0 %Incorporation of the Required Set of Elements in the
Nine-Step Assessment Process for the Case Study Component
The required set of elements is not present.
The required set of elements is incorporated, but the
information provided is incomplete, inaccurate, or otherwise
deficient.
The required set of elements is incorporated, but minimal detail
or support is provided for one or more components.
The required set of elements is present, and is incorporated in

5. full. The submission encompasses essential details and provides
appropriate support.
The required set of elements is present and comprehensive. The
submission further incorporates analysis of supporting evidence
insightfully and provides specific examples with relevance.
Level of detail is appropriate.
10.0 %Integration of Prior Case Study Components with
Incorporation of Feedback
Integration of prior case study components with incorporation
of feedback is not present.
Integration of prior case study components with incorporation
of feedback is present, but the information provided is
incomplete, inaccurate, or otherwise deficient.
Integration of prior case study components with incorporation
of feedback is present, but minimal detail or support is provided
for one or more components.
Integration of prior case study components with incorporation
of feedback is present in full. The submission encompasses
adequate details level of support.
Integration of prior case study components with incorporation
of feedback is present and comprehensive. The submission
encompasses essential details. Level of detail is appropriate.
20.0 %Case Study Analysis Introduction for Senior Management
The case study analysis introduction for senior management is
not present.
The case study analysis introduction for senior management is
present, but the information provided is incomplete, inaccurate,
or otherwise deficient.
The case study analysis introduction for senior management is
present, but minimal detail or support is provided for one or
more components.
The case study analysis introduction for senior management is
present, and is incorporated in full. The submission
encompasses essential details and provides appropriate support.

6. The case study analysis introduction for senior management is
present and comprehensive. The submission further incorporates
analysis of supporting evidence insightfully and provides
specific examples with relevance. Level of detail is appropriate.
20.0 %Organization and Effectiveness
7.0 %Thesis Development and Purpose
Paper lacks any discernible overall purpose or organizing claim.
Thesis and/or main claim are insufficiently developed and/or
vague; purpose is not clear.
Thesis and/or main claim are apparent and appropriate to
purpose.
Thesis and/or main claim are clear and forecast the development
of the paper. It is descriptive and reflective of the arguments
and appropriate to the purpose.
Thesis and/or main claim are comprehensive. The essence of the
paper is contained within the thesis. Thesis statement makes the
purpose of the paper clear.
20.0 %Organization and Effectiveness
8.0 %Argument Logic and Construction
Statement of purpose is not justified by the conclusion. The
conclusion does not support the claim made. Argument is
incoherent and uses non-credible sources.
Sufficient justification of claims is lacking. Argument lacks
consistent unity. There are obvious flaws in the logic. Some
sources have questionable credibility.
Argument is orderly, but may have a few inconsistencies. The
argument presents minimal justification of claims. Argument
logically, but not thoroughly, supports the purpose. Sources
used are credible. Introduction and conclusion bracket the
thesis.
Argument shows logical progression. Techniques of
argumentation are evident. There is a smooth progression of

7. claims from introduction to conclusion. Most sources are
authoritative.
Clear and convincing argument presents a persuasive claim in a
distinctive and compelling manner. All sources are
authoritative.
20.0 %Organization and Effectiveness
5.0 %Mechanics of Writing (includes spelling, punctuation,
grammar, language use)
Surface errors are pervasive enough that they impede
communication of meaning. Inappropriate word choice and/or
sentence construction are used.
Frequent and repetitive mechanical errors distract the reader.
Inconsistencies in language choice (register), sentence
structure, and/or word choice are present.
Some mechanical errors or typos are present, but are not overly
distracting to the reader. Correct sentence structure and
audience-appropriate language are used.
Prose is largely free of mechanical errors, although a few may
be present. A variety of sentence structures and effective
figures of speech are used.
Writer is clearly in command of standard, written, academic
English.
10.0 %Format
5.0 %Paper Format (Use of appropriate style for the major and
assignment)
Template is not used appropriately, or documentation format is
rarely followed correctly.
Appropriate template is used, but some elements are missing or
mistaken. A lack of control with formatting is apparent.
Appropriate template is used. Formatting is correct, although
some minor errors may be present.
Appropriate template is fully used. There are virtually no errors

8. in formatting style.
All format elements are correct.
5.0 %Documentation of Sources (citations, footnotes,
references, bibliography, etc., as appropriate to assignment and
style)
Sources are not documented.
Documentation of sources is inconsistent or incorrect, as
appropriate to assignment and style, with numerous formatting
errors.
Sources are documented, as appropriate to assignment and style,
although some formatting errors may be present.
Sources are documented, as appropriate to assignment and style,
and format is mostly correct.
Sources are completely and correctly documented, as
appropriate to assignment and style, and format is free of error.
100 %Total Weightage
Running head: CASE STUDY COMPONENT 3
1
CASE STUDY COMPONENT 3
4
Case Study Component 3

9. Professor:
January 10, 2018
Analysis of Exxon’s Future Financial Needs and Access
Exxon Mobil Corporation is one of the largest publicly held
corporations engaged in energy business when measured by
revenue. It is engaged in a range of operations including
exploration, production, transport, sale of oil and natural gas. It
manufactures transports and sells petroleum products. The
following paper focuses on Exxon's future external financing
needs and ease of access to target sources of external finance.
Exxon’s Future External Financing Needs
One of the key outputs involved in the forecasting process
relates to the identification of the number of funds a firm needs
to obtain to finance its future external needs. The amount is
commonly referred to as the External financing Need.
The approach is necessary when a company has garnered excess
capacity in the fixed assets. According to Stice, Stice & Stice,
(2017), external financing refers to a type of business funding
companies acquire from external sources as the name suggests.
Exxon Mobil Corporation identified three external financing
needs highlighted as follows.
Firstly, Exxon intends to preserve its resources; it wants to
maximize its excess capacity and use internal financial
resources for other purposes. In line with, it makes sense to
preserve resources and put funds in the external financing for
business operations. Secondly, the firm wants to use the
external financing to finance growth projects which it cannot
fund on its own. According to Stice, Stice & Stice, (2017), such
a move is necessary especially when a company has expanded to
the point that it needs additional operating space to meet market
demands. Lastly, the company has developed an outlook for
energy given the demand and supply through 2040. This way, it

10. would ensure that the world can access affordable and reliable
energy demand and supplies
.
Exxon’s Access to Target Sources of External Finance
In order to fulfill its future external financing needs outlined
above, Exxon targets to secure funds from external financing
sources which require a return on investment. After
establishing external financing needs and the benefits associated
with, it is now appropriate to set out available external sources
of acquiring finance. Exxon can turn to venture capital
. It is a popular method of equity financing in which
undertaking entrepreneurs discover firms with growing
potential. They offer to invest in exchange for a substantial
share of ownership since they have access to funds and
expertise companies like Exxon require in order fulfilling their
full potential Müllner & Puck, (2018). For example, since
venture capitalists offer both capital and expertise, they bring
their industry experts who can help Exxon meet its future
external financing needs.
Apart from seeking venture capital, Exxon has access to
external financing by considering bond issues instead of going
for bank loans. Since the company pursues industrial
developments, it is prudent to focus on the Industrial
Development Revenue Bond. According to Müllner & Puck,
(2018), the program works with governments (especially local
governments) which help to finance industrial projects like
Exxon’s outlook for affordable and reliable demand and
supplies through to 2040. When it manages to get approval, it is
allowed to issue bonds to private investors, and in return, it
obtains enough finances to meet its financing needs
. In brief, these two external finance sources match correctly
with the company’s future external financing needs.

11. References
Müllner, J., & Puck, J. (2018). Towards a holistic framework of
MNE–state bargaining: A formal model and case-based
analysis. Journal of World Business, 53(1), 15-26.
Stice, D., Stice, E. K., & Stice, J. D. (2017). Cash Flow
Problems Can Kill Profitable Companies.
�This can be calculated using this formula: External Financing
Needed (EFN) = Change in Assets - Change in Current
Liabilities - Retained Earnings
�You first have to calculate if the funding is needed.
�I hardly think they would seek out venture capitalist when
they can sell preferred stock, rights issue, financial lease,
commercial paper etc.
�Great
�Great. You need some more references
Running Head: CASE STUDY COMPONENT 2
1
NINE-STEP ASSESSMENT PROCESS
2

12. Case Study Component 2
Professor:
December 13, 2017
In this paper we will talk about the investment the company has
done to support its Business Unit Strategies. Then there is the
company palling to its future profit, and how it has prepared
itself for the competitive world of business.
As a company, which is successful it is the one who innovates
by itself, the company has to invest in order secure its long-
term goals. The Exxon Mobile being in top ten and number ten
as the largest company revenues, it has secured it market which
is the most important thing to support the business unit strategy.
Comment by Simone: Good observation
The Exxon Mobile has come up with a way in which it will put
its market up and even fly over its competitors; it has to come
up with a way in which it will reduce its costs. But still, its
revenue to be increasing, the company need to keep the low
price in a long-term and not like an offer. This has led the
company getting ways from its XTO shale unit, and invested in

13. through exploration and development of assets; this will have to
work in a fair way but quickly hence supporting the company
extremes. The XTO has been giving leash which is long enough,
which is from 2010 when it was acquired, but now the most
important thing is that the Exxon’s had an acquisition of $6
billion in the drilling rights this year on February. This has
made the XTO accelerating, and even its contribution to
company performance has a gown. (Bourgeault, 2017).
Comment by Simone: Good observation
Exxon is trying to adapt to the U.S, shale, which is rapidly
changing in the circumstances. Hence it has tried to finding
low-cost growth; the company will have an onshore oil
production which is much of different than the offshore oil. The
company had planned on spending $22 billion in the year 2017
capital expenditure, which is more of 16% of the previous year.
The company investing in five projects, which will work as a
startup in the year 2017 and 2018, will work at the production
of 340,000 BOE/D which is barrels of oil equivalent per day. It
has the recent discovery at the Guyana, which will start its
production by 2020. The $20 billion will be an investment at the
US Gulf Coast region a project until 2020. This will enable the
company in production and supply of crude oil and natural gas,
domestically, at a low-cost in it manufacture hence tapping the
international market (Caroll, 2017). Comment by Simone: Name
the projects that the $22 billion will be invested in Comment by
Simone: Do you mean in Guyana, the country? Comment by
Simone: I thought you said $22 billion for 5 projects?
As for now, the company has reported an increase of 3rd quarter
in 2017 which is by 12.76% year on year. The company has
previously shown the bad result as compared to its competitors.
The company has invested in its future profitability in which it
will be able to manufacture its products at a lower price, which
will enable the company harvesting high profits compared to its
competitor. The exploration of the company to drill oil will
have its boom profit for six years. The project which will be
entrusted to XTO’s shale project in 2017, as it will be seen

14. rising to 50 percent in 2018. This project will also be an
advantage to the Exxon’s shale output which may rich to about
20 percent by 2025 (DiChristoper, 2017). Comment by
Simone: This is vague. Name the projects and the revenue
expected from these projects. Describe how these ventures are
profitable.
It is seen that Exxon, which is the largest oil trading company
in the world, has secured its future and its strategy by investing.
It has and will boost in its exploration and production and also
the refining business which will see the company producing
more oil, and gaining more profit and lowering the price which
will interact more customers. Just form the example of the last
year, its exploration leads to an increase of $947 million to $1.6
billion, after exploring fossil fuel. It also showed a competitive
future by gaining 2percent in comparison to last year.
Comment by Simone: Increase in revenue? What has
increased?
References
Bourgeault, G. (2017). Exxon Mobil Releases Its XTO Shale
Unit To Operate Like A Start-Up. Seeking Alpha. Retrieved
from https://seekingalpha.com/article/4064324-exxon-mobil-
releases-xto-shale-unit-operate-like-start
Caroll, J. (2017). Why Exxon Is Giving Its Shale Unit a Long
Leash. Bloomberg Businessweek.
DiChristopher, T. (2017). Exxon Mobil beats expectations for
profits and revenue, even as Harvey takes a bite out of earnings.
CNBC. Retrieved from
https://www.cnbc.com/2017/10/27/exxon-mobile-earnings-93-
cents-a-share-vs-expected-eps-of-86-cents.html
Running head: EXXON MOBILE
1

15. EXXON MOBILE
5
Exxon Mobile Corporation
Professor:
November 29, 2017
This paper presents the financial analysis of Exxon
Mobile Corporation through application of two steps of the
nine-step assessment process. Exxon Mobile Corporation deals
in oil and gas production and is located in Irving, Texas. It was
founded in 1999 and is now a publicly traded company. Its
current CEO and Chairman is Darren Woods. The company’s
products and businesses include crude oil, petrochemicals,
natural gas, oil products and power negation. The two processes
entail: a) Analysis of Fundamentals: Goals, Strategy, Market,
Competitive Technology, Regulatory, and Operating
Characteristics and, b) Analysis of Fundamentals: Revenue
Outlook
Analysis of Fundamentals
Goals: The Company aims at being the premier petroleum and
petro chemical company in the world through its proactive
financial and operating activities (Exxon Mobile Corporation,
2017). The second goal is to foster clean business practices to
promote a conducive environment. Thirdly, the company aims to
equip its employees with technical and leadership skills to
enhance their competitive value (Exxon Mobile Corporation,
2017).
Strategy: The long-term strategy is build up on its upstream
business to outdo its competitors during boom seasons. The
other strategy is to regenerate its reserves to ensure constant
flow of supply especially during scarcity
Competitive technology: One of the goals of the company is to
invest in high-impact technologies, which will enhance their
operations. The company has invested in large-scale oil
technologies, which aim at fostering clean environment. For

16. instance, it has a 3-D seismic imaging, which is useful in
imaging of geological formations. Others include controlled
free zone technology, deep-water technology, hydraulic
fracturing technology, and full wave file inversion (Exxon
Mobile, 2017).
Regulatory: The Company is guided by a wide variety of
regulations that govern chemical production. The company’s
code of ethics and business conduct offers guidelines on best
practices among the directors, employees and shareholders. The
company has appointed a Board Affairs Committee, which is in
charge of reviewing any issues under the code (Exxon Mobile
Corporation, 2017). The code entails several policies including,
ethics policy, conflicts of interest’s policy, corporate assets
policy and, directorships policy (Exxon Mobile Corporation,
2017).
Operating characteristics: The Company has established an
OIMS system, which integrates five characteristics: scope and
objectives, processes and procedures, responsible and
accountable resources, verification and measurement, feedback
and improvement mechanisms and evaluation (Exxon Mobile
Corporation, 2017).
Analysis of Fundamentals: Revenue Outlook
The company’s business model in terms of meeting the
fluctuating demand and supply of oil and its products promises
future stability and growth in sales and profits. The company is
in the fourth position of the fortune 500 list in the current year
due to its long-term great performance. Currently, the company
has a 2040 energy outlook that looks into sustaining supply of
energy through integration of technology, transportation
systems and power generation ( Exxon Mobile Corporation,
2017).The company has produced $ 69.3 billion in sales and an
earnings per share of $ 0.93 in the current quarter (CNN Money,
2017). “However, persistently low oil prices and weaker profit
margins in Exxon’s refining business weighed on earnings for
the full year” (DiChristopher, 2017, par. 3).

17. References
CNN Money. (2017). Exxon Mobile Corp. Retrieved from
http://www.money.cnn.com/quote/forecast/forecast.html?symb=
xom
DiChristopher, T. (2017). Exxon Mobile profit and revenue rise
as the oil giant takes $ 2 billion impairment. Retrieved from
https://www.cnbc.com/2017/01/13/exxon-mobile-reports-
earnings.html