Exxon Mobil S Technology Issues Essay

Length: 2 pages Sources: 2 Subject: Sports - College Type: Essay Paper: #48485305 Related Topics: College Application, College Admission, Multinational Corporation, Information Technology
Excerpt from Essay :

Technology at Exxon Mobil

Exxon Mobil is an American multinational corporation that operates in the oil and gas industry where it has developed to become the fifth largest business organization by revenue across the globe. The growth and profitability of this company since inception can be attributed to various factors including technology used for domestic and international business environments. Similar to most of the companies in this industry, Exxon Mobil utilizes hard and soft technology for domestic and international or global environments. The hard technology used by Exxon Mobil for domestic and global environments include ongoing product and process improvement in order to meet the evolving industry needs ("ExxonMobil Chemical Demonstrates Technology Leadership," 2009). This process includes developing and/or identifying applications that help the company to accomplish its various objectives. The invention of suitable applications for varying business processes and practices has been a critical success factor for the company. In contrast, the firm's soft technology for domestic and global environments...


One of the technology barriers for this company in both environments is the inability to embark on comprehensive technology development. While the company conducts extensive research for its technology development, it lacks the capacity to engage in large and lengthy technology development for specific business practices and operations. Secondly, most of the company's technology investments have no guaranteed results or outcomes because of difficulties related to deployment. Therefore, Exxon Mobil faces challenges relating to technical and commercial feasibility of its technology investments ("Technical and Commercial Feasibility," n.d.).

In light of these technology barriers, the company utilizes a strategy that is geared towards enhancing business processes and operations as well as protecting its technology. Exxon Mobil has primarily relied on research and development as a crucial measure for enhancing technology and commercial feasibility and dealing with these barriers in domestic and global environments. Through this strategy, the company uses the barriers as a means for obtaining significant insights that lead to better business decisions. Research and development enables Exxon Mobil to identify suitable measures for improving and protecting technology through examining systems and materials in its various business processes. Moreover, this strategy also entails examining various aspects of the…

Sources Used in Documents:


"ExxonMobil Chemical Demonstrates Technology Leadership at International Rubber Conference 2009." (2009, June 22). Business Wire -- A Berkshire Hathaway Company. Retrieved October 3, 2015, from http://www.businesswire.com/news/home/20090622005117/en/ExxonMobil-Chemical-Demonstrates-Technology-Leadership-International-Rubber#.Vg-zvflq3IU

"Technology and Commercial Feasibility." (n.d.). Exxon Mobil. Retrieved October 3, 2015, from http://corporate.ExxonMobil.com/en/energy/research-and-development/feasibility/overview

Cite this Document:

"Exxon Mobil S Technology Issues" (2015, October 03) Retrieved January 23, 2022, from

"Exxon Mobil S Technology Issues" 03 October 2015. Web.23 January. 2022. <

"Exxon Mobil S Technology Issues", 03 October 2015, Accessed.23 January. 2022,

Related Documents
Exxon Mobil Was Founded 125
Words: 5126 Length: 20 Pages Topic: Business Paper #: 62837878

Additionally the company is increasingly concerned with meeting the energy needs of people and organizations throughout the world ("Company Profile"). To this end Exxon Mobil is committed to "exploration and production of crude oil and natural gas; the manufacture of petroleum products; and the transportation and sale of crude oil, natural gas, and petroleum products ("Company Profile")." In addition Exxon Mobile is a primary producer and marketer of both commodity

Acquisition of Exxon Mobil Technical Report Acquisition
Words: 2843 Length: 9 Pages Topic: Business Paper #: 86815858

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

Tech Strategy for Exxon Mobil
Words: 843 Length: 2 Pages Topic: Sports - College Paper #: 77235581

Exxon As Exxon engages in the discovery, extraction, refining and retailing of petroleum, a wide range of technologies are used to help it perform its business and compete. Some of these functions are outsourced to other companies that serve the oil industry, but the base technology for exploration involves a variety of equipment for evaluating whether there is oil in the ground at specific locations -- drills, sonar and other sensory

Business Impact of Exxon and
Words: 6336 Length: 20 Pages Topic: Business Paper #: 10098360

One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do." It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound

Exxon and the Environment
Words: 866 Length: 3 Pages Topic: Sports - College Paper #: 52797695

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.

Wal-Mart's Facility Location Planning
Words: 949 Length: 3 Pages Topic: Business Paper #: 29926734

Logistics Planning Wal-Mart's growth and profitability to become the leading retailer across the world is partly attributed to its seemingly effective logistics system that has enabled the firm to manage its wide range of goods effectively and efficiently. Actually, the company's logistics system generates results that have enabled Wal-Mart to become one of the top revenue earning firms. In addition to being the top generating company in 2007, Wal-Mart was the