Exxon Mobil Timothy Gardner Benjamin Selvig Katelin Howell

Exxon Mobil Timothy Gardner Benjamin Selvig Katelin Howell Kelley Manns Melanie Vert

History of Exxon. Mobil Timothy Gardner

Origins of the company • Started by John D. Rockefeller as Standard Oil • In 1911, Standard Oil was ruled to be a monopoly • Company was split into many smaller companies

Origins of the company • 2 of them were: Standard Oil of New York & Standard Oil of New Jersey • Standard Oil of New York came to be called Mobil • Standard Oil of New Jersey came to be known as Exxon

Origins of the company • In 1999, the two companies were merged together to form Exxon. Mobil • Headquarters are in Irving, TX • Today it employs approximately 75, 000 employees and owns almost 1% of the known oil reserves in the world

Prominent People in Exxon’s History Timothy Gardner

John D. Rockefeller • One of the primary founders of Standard Oil • Created a near monopoly on the exploration, refinement, and transport of oil & kerosene in the later half of the 1800’s • Retired from Standard Oil in 1897 to concentrate on philanthropy

Walter C. Teagle • Helped Standard Oil of New Jersey rise to prominence • During his time as chairman (1917 – 1937), Standard Oil became the largest oil producer in the world. Peak capacity was 11. 5% of world production • Helped bring in the 8 hour work day during his tenure

Lee Raymond • CEO & Chairman of Exxon starting in 1993 • Held same posts after the merger of Exxon & Mobil • Retired in 2006 from the company, but is credited with creating the largest publicly owned company on the planet

Exxon Mobil Oil Production Ben Selvig

Process of Obtaining Oil • Oil is a yellow to black liquid found in geologic formations below the earth’s surface. • It is formed by large quantities of dead organisms are compressed under sedimentary rock and exposed to intense heat. • The most common way to extract oil is thru drilling • (Below is a picture of a pump jack and a oil boom)

Process of Obtaining Oil Cont. • There are many types of oil drilling used today. • These include standard vertical drilling, hydraulic Fracking, Offshore drilling and other new technologies. Offshore Rig Hydraulic Fracking Oil Rig

Overall Oil Production • Exxon Mobil currently Produces 7 -8% of the Oil used around the world. • This makes Exxon the largest Producer of Oil in the world. • Exxon Mobil has developed technology to continue the production of oil into the future • Technologies such as Hydraulic Fracking, safer offshore drilling and the technologies used in the Kearl Oil sands in Canada. • These new technologies will enable Exxon to not only continue production of Oil, but with Hydraulic Fracking enter the Natural Gas industry and possibly export the liquefied form. • The future is bright for Exxon production with the current rate of use by the industrialized world.

Competitors of Exxon Mobil Katelin Howell

Exxon Mobil Main Competitors • Royal Dutch Shell • Chevron Corporation • BP Oil Company

Royal Dutch Shell • Royal Dutch Shell, which sits on an oil and gas throne that is only slightly lower than that of #1 oil company Exxon Mobil • Has worldwide proved reserves of 14. 2 billion barrels of oil equivalent. • Most of the oil giant's crude is produced in Nigeria, Oman, the UK, and the US. Royal Dutch Shell is also investing heavily in the Athabasca Oil Sands Project, which converts oil sands in Alberta to synthetic oil. • The company operates 44, 000 gas stations (the world's largest retail fuel network). • Royal Dutch Shell, which operates in more than 80 countries, also produces refined products and chemicals at more than 30 refineries, transports natural gas, trades gas and electricity, and develops renewable energy.

Chevron Corporation • Chevron is the #2 integrated oil company in the US, behind Exxon Mobil. • In 2012 it reported proved reserves of 11. 3 billion barrels of oil equivalent and a daily production of 2. 6 million barrels of oil equivalent, 11, 600 miles of oil and gas pipeline, and a refining capacity of 1. 95 million barrels of oil per day. • Chevron also owns interests in chemicals, mining, and power production businesses. • The company owns or has stakes in 8, 060 gas stations in the US (8, 700 outside the US) that operate mainly under the Chevron and Texaco brands. • Chevron also owns 50% of chemicals concern Chevron Phillips Chemical.

BP Company • BP is also BO (Big Oil). • It is the world's #3 publicly traded integrated oil concern, behind Exxon Mobil and Royal Dutch Shell. • BP explores for oil and gas in 30 countries with proved reserves of 17 billion barrels of oil equivalent. It's the largest oil and gas producer in the US and a top refiner, with 15 plants processing more than 2 million barrels of crude oil per day • . BP operates about 20, 000 BP Connect gas stations worldwide.

Additional Information • Exxon Mobil is the world's largest integrated oil company (ahead of Royal Dutch Shell and BP) • Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. • In 2012 it reported proved reserves of 25. 2 billion barrels of oil equivalent, including its major holdings in oil sands through Imperial Oil. • Exxon Mobil's 32 refineries in 17 countries have a throughput capacity of 5. 4 million barrels per day. • The company supplies refined products to about 19, 400 gas stations worldwide. • Exxon Mobil is also a major petrochemical producer.

Environmental Information Kelley Manns

Exxon Mobil’s Affect on the Environment • Exxon Mobil is still paying for the environmental damage caused by their careless actions over a decade ago. • Exxon Mobil has settled with the Environmental Protection Agency for 2. 64 million dollars for improperly and carelessly handling and disposing of polychlorinated biphenyls (PCBs). • PCB is a man-made chemical that is used in paints, industrial equipment, plastics, and cooling oil for electrical transformers, which was banned by the Environmental Protection Agency in 1978.

Environmental Affect cont. • Between 2002 and 2005 Exxon Mobil had two large electrical transformers that leaked nearly 400 gallons of PCB- contaminated fluid. • One barrel was allowed to leak for nearly two whole years before Exxon Mobil decided to repair it. • Once PCB is released into the environment it remains for decades. • PCB causes cancer in animals and are suspected of carcinogens in humans. • Even acute exposure to PCB can adversely affect your nervous immune, endocrine system, and liver function.

Customer and Employee Satisfaction • When assigning workers to clean up the PCB spills, Exxon Mobil failed to ensure that each worker was equipped with the necessary protective clothing and equipment, leaving each individual vulnerable and increasing their chances of carcinogens, as well as a number of other health complications they could possibly face.

Overall Environmental Contribution/Affect • So, in closing we asked how does Exxon Mobil affect the environment? • The answer is Exxon Mobil is affecting the environment in a negative way, not only are they handling highly toxic chemicals in a careless manner, they also aren’t doing much to protect their employees from these chemicals. • Exxon Mobil doesn’t care about things like the safety of the human and animal race because to them we are all expendable. • Any damage created by Exxon Mobil isn’t a big deal for them because they are still making their profit regardless of what's going on.

Sources • U. S. EPA FINES EXXON MOBIL $2. 64 MILLION FOR POLYCHLORINATED BIPHENYLS RELEASE. (2008, Aug 21). US Fed News Service, Including US State News. Retrieved from http: //search. proquest. com/docview/473178590? accountid=14584

Exxon Mobil’s Profit Melanie Vert

Current Profit • Statistics As of May 2013 According to Forbes’s Global 2000 List -Sales of $420. 7 Billion- #3 -Profits of $44. 9 Billion- #1 -Assets equaling $333. 8 Billion- #91 -Market cap of $400. 4 Billion- #2 -Overall Rank: #5 in the world (all types of companies) • Also ranked #82 on Forbes’s Most Valuable Brands List -Brand Value of $6. 4 Billion, up 18% from the year prior -Brand Revenue of $420. 7 Billion

Current Profit cont. • 2013 Profit Highlights -Earnings from 4 th quarter of 2013 down 16% from fourth quarter 2012. (exxonmobil. com) -Oil production decreased 1. 8% from fourth quarter 2012. (exxonmobil. com) -Year 2013, “Earnings were $32, 580 million, down $12, 300 million or 27% from 2012. ” (exxonmobil. com)

Past Profit • In 2012, Exxon Mobil had a profit of $44. 9 Billion • Fell just short of annual earnings record for all companies- set by Exxon Mobil in 2008 with a profit of $45. 2 Billion (money. cnn. com) • In 2012, “Exxon Mobil outpaced earnings at the second- most profitable U. S. company, Apple, which earned $41. 7 Billion” (money. cnn. com) • Apple’s earnings continued to increase more rapidly than Exxon Mobil’s, up 61% from the fiscal year prior. (money. cnn. com) • “In January, Exxon Mobil recaptured the title of the world's most valuable company when its market capitalization topped Apple. ” (money. cnn. com)

Expected Profit • Executives are remaining positive about 2014. • More projects/less spending are key focus for the future • “Major projects in Argentina, Iraq, Canada and the Russian Arctic” along with “increased drilling in shale oil fields in the United States” will aid in production. (nytimes. com) • “They noted a big gas discovery that was recently made off Tanzania in a joint operation with the Norwegian company Statoil and the recent announcement of a liquefied natural gas plant in Alaska. ” (nytimes. com) • Capital spending expected to fall 6. 4% in 2014. (foxbusiness. com) • Goal to spend about $39. 8 billion on projects, about $2. 7 billion less than 2013 (foxbusiness. com) • “From 2015 to 2017, capital spending is forecasted to average fewer than $37 billion annually, excluding future acquisitions. ” (foxbusiness. com)

Sources • "Exxon Mobil Corporation Announces Estimated Fourth Quarter 2013 Results. " Exxonmobil. com. N. p. , n. d. Web. 18 Mar. 2014. • "Exxon Mobil Profit Just Short of Record. " CNNMoney. Cable News Network, 01 Feb. 2013. Web. 22 Mar. 2014. • "Exxon Mobil Sees Less Spending, More Projects in 2014. " Fox Business. N. p. , n. d. Web. 22 Mar. 2014. • Krauss, Clifford, and Stanley Reed. "Quarterly Earnings Fall at Exxon Mobil and Shell. " The New York Times, 30 Jan. 2014. Web. 21 Mar. 2014. • "The World's Most Valuable Brands. " Forbes Magazine, n. d. Web. 18 Mar. 2014.