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" As far as economic conditions are concerned, as part of the company's strategy it is committed to aiding people with the social and economic problems that they face (Environment and Society). This is known as the community investment strategy. This strategy encompasses human rights, education, and enterprise development (Environment and Society).
BP's management is also concerned with decreasing dependence on oil and has created various initiatives to create new sources of energy.
Shell
Shell has also experienced a great deal of profit as a result of oil prices. An article reports that "Excluding a non-operating gain of $113 million, the result was $5.975 billion, ahead of an average forecast of $5.56 billion in a Reuters poll of seven analysts. "These are good, solid underlying results and better than we have expected," Peter Hutton at van Lanschot Bankiers said. "But it is still not delivering the same amount to investors, compared with BP (Soaring Oil Swells Shell Profits)." The company's management is also dedicated to sustainable development and addressing social and economic issues in the world. The company explains that For Shell, 2005 was a year of recovery. Soaring global demand for oil and gas meant high prices and record profits. We continued to put most of our profits back into our business. We have more than doubled our investment...
Last year, I saw the real willingness of Shell people to listen, to learn, and to work with stakeholders, sometimes in very challenging conditions (Chief Executive's introduction)."
References
BP profits rise on high oil. April 25, 2006. Reuters. Retrieved May 23 at http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-04-25T081534Z_01_WLA9431_RTRUKOC_0_UK-ENERGY-BP.xml
Chief Executive's introduction. Official Shell Website. Retrieved May 23 at http://www.shell.com/home/Framework?siteId=envandsoc-en&FC2=/envandsoc-en/html/iwgen/leftnavs/zzz_lhn3_0_0.html&FC3=/envandsoc-en/html/iwgen/introduction_chief_executive/intro_chief_executive_16032006.html
Corporate Citizenship. Retrieved May 23 at http://exxonmobil.com/Corporate/Citizenship/citizenship.asp
Environment and Society. Official BP Website. Retrieved May 23 at http://www.bp.com/subsection.do?categoryId=4534&contentId=7014436
Exxon Mobil profits disappoint. Retrieved May 23 at http://news.bbc.co.uk/1/hi/business/4951254.stm
Soaring Oil Swells Shell Profits. Retrieved May 23 at http://edition.cnn.com/2006/Business/05/04/shell.profits.reut
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.
Company Analysis: ExxonWhen analyzing Exxon's financial statements, it is important to look for large movements in specific accounts from one year to the next. In the fiscal year 2020, Exxon experienced a significant decrease in revenue, reflecting the impact of the COVID-19 pandemic on the oil and gas industry. Exxon's revenue in 2020 was $181.5 billion, compared to $264.9 billion in 2019. Additionally, Exxon's net income in 2020 was a
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
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
Regulating Oil and Gas Drilling and Transport The American economy runs on energy produced from oil, coal, natural gas, hydroelectric power, nuclear power and renewable sources like solar and wind energies. In fact according to a report in the Congressional Research Service, oil provides the United States with 40% of its total energy needs. It is used in myriad ways, providing "…fuel for the transportation, industrial, and residential sectors" (Ramseur, 2012).
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