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Exxon Mobil has the United States as its home country, although the company operates globally. The U.S. remains an important source of fuel, and perhaps the company's biggest retail market. The legal and political environment is very favorable in the United States for Exxon Mobil. In general, oil companies receive a tremendous array of subsidies, often granted by politicians who have received large contributions from fossil fuel companies (Carrington & Davies, 2015). Exxon Mobil is tremendously profitable, but receives tax benefits and other help from government when it invests money in an area, perhaps for creating jobs. It is difficult to describe the political environment as anything other than favorable when you are among the wealthiest companies in the world and you still receive billions in tax breaks, in exchange for donating to political campaigns.
The legal environment is perhaps a little bit less favorable. While the same politicians write laws -- or more accurately they pass laws -- and those laws tend to be favorable for oil companies, Exxon Mobil also is governed by a number of laws, in particular regarding its environmental obligations. The company will occasionally find these onerous, though clearly such regulations are...
Even with the environmental regulations, Exxon has never been compelled to pay the actual cost of the damage its products have done to the environment -- it is a luxury to have passive governments allow a company to offload negative externalities on the general public, and this luxury is reflected in Exxon Mobil's tremendous profits.
This is not to say that there are no barriers for Exxon Mobil, just that the company is expert at removing these barriers. The company forges good relationships with politicians at all levels, in order to ensure the most favorable legislation and tax policy. Exxon Mobil uses lobbyists extensively as a strategy to remove political and regulatory barriers, and they do it well, as there are seldom major barriers that cannot be overcome. There are instances where barriers to things like exploration take longer to remove, but they are usually removed given enough time. The importance of oil products to the world's economy creates substantial motivation on the part of politicians and legislators around the world and in the U.S. in particular to ensure that there are only minimal barriers for…
References
Carrington, D. & Davies, H. (2015). U.S. taxpayers subsidising world's biggest fossil fuel companies. The Guardian. Retrieved October 8, 2015 from http://www.theguardian.com/environment/2015/may/12/us-taxpayers-subsidising-worlds-biggest-fossil-fuel-companies
MSN Moneycentral (2015) Exxon Mobil. Retrieved October 8, 2015 from http://www.msn.com/en-us/money/stockdetails/financials/fi-XOM?ocid=qbeb
These unwavering expectations provide the foundation for our commitments to those with whom we interact: " (JLP, 2005). Financial Goals ExxonMobil does not explicitly state its financial goals. This is proprietary information that is not published. However, ExxonMobil does suggest that it intends to keep up with global demand. ExxonMobil is focused on long-term growth, rather than short-term gains. One could expect the financial goals of the company to include a
ExxonMobil Domestic Environment The oil industry in the U.S. serves as the foundation for virtually the whole economy. The U.S. has largely exhausted its own domestic oil supply so it must rely primarily on foreign sources. New technologies have allowed the extraction of the oil that still remains in the U.S. Offshore drilling and oil reserves that are only accessible by hydraulic fracking represent the two best examples of controversial extraction methods.
Sociocultural Aspect of Exxon Mobil The clustering of countries based on their cultural values has the ability to bring about an understanding of the differences and similarities across cultures. This would be beneficial to any company that is trading globally and would like to replicate the success of its domestic market globally. Exxon Mobil currently has six country clusters namely North America, South America, Europe, Middle East/North Africa, Sub-Saharan Africa, and
Acquisition of Exxon Mobil Technical report Acquisition of Exxon Mobil by EIG Embry Investment Group is an investment company, which deals in investment, primarily through acquisition of other companies. However, before they acquire an organization, they will require evaluating its overall performance to ensure that their investment will attract many investors in the globe. The suggested company to acquire is Exxon Mobil, a renowned public traded organization, which suits the investor's preference. The
Americans today think about the problems of getting the oil that is needed to run our economy through the rest of this century, they will no doubt find themselves thinking either about drilling for oil in Alaska - since this topic has been so much in the news over the past several months - or establishing peace in the Middle East so that oil may continue to flow from
ExxonMobil Chemical: Analyzing Three Spheres / Political, Economic and Civil Spheres in ExxonMobil Chemical Economic Sphere Political Sphere Civil Sphere What company says about itself Personal Take What Stakeholders said ExxonMobil Chemical, XOM, leads the world in the petrochemical sector, applying cutting-edge, patented technology for developing products that enrich the lives of people across the globe (ExxonMobil, 2015). Economic Sphere The company concentrates on developing its supplier capabilities and human resource, alongside their strategic local community investments. Emphasis is