Global Dimensions for American Multinational Oil- myassignmenthelp

Question: Discuss about theGlobal Dimensions for American Multinational Oil. Answer: Introduction ExxonMobil Corporation, an American Multinational oil and gas corporation has its establishment on 1999, by the union of Exxon and Mobil. It is known as one of the largest publicly funded organizations in the world and is known for manufacturing as well as marketing of commodity petrochemicals that involve aromatics, polyethylene along with a range of specialized products (Weill, Peter and Woerner). The company being head quartered in Texas, has its chief business operations in energy that includes exploration for along with manufacture and sale of crude lubricants and natural gas, petroleum services. ExxonMobil has its engagement in the exploration, development as well as supply of oil, gas along with petroleum products (Valenti et al.). The company further has its operations through upstream, downstream and chemical that is responsible for generating crude oil, trades petroleum and provides petrochemicals. ExxonMobil has its commitment in developing as the leading petroleum and petrochemical organization of the world, further thriving to achieve greater economic and operating outcomes with adherence to the chief standards of business values and principles. The company owns almost 70% of the outstanding distribution of Imperial Oil Ltd in Canada whereby it functions with the established oil and gas distribution chain. The Imperial Oil is engaged in selling fuel products through its connection of over 1500 gasoline service stations functioning under ExxonMobils Esso brand (Touchette). The company operates facilities, sells products in majority of the nations, and further has its exploration for oil and gas catering six continents. ExxonMobil operates in over 200 nations across the world such as UAE, Qatar, Nigeria, Tanzania, and Belgium and several other nations including South America and North America. Few countries are chosen to explore gas and petroleum whereas some nations where Exx onMobil is operating have been designated for the industrialization of chemicals, oils, and market petroleum. The oil and gas domain of the company has its expansion from western region of Texas to West Africa along with ranging from Australia to Alaskan region. It functions in deep seas, arctic ice region as well as desert areas located in some of the remote regions of the world. Furthermore, the multinational corporation has its accessibility to over 55 trillion cubic feet belonging to proven reserves and further exposed resources of almost 180 trillion cubic feet (Touchette). ExxonMobil has oil and gas sales in more than 25 nations and across 5 continents. ExxonMobil being regarded as one of the leading Oil and Gas Company in the world acquired the revenue of more than $250 billion. The companys increased revenue generation has been derived from its enormous oil and gas supply and resources. According to few reports, in 2017, ExxonMobil has been estimated to have produced the com parable of over 4 million barrels of lubricants per day. However, it has been anticipated that the company would become the fourth largest global oil manufacturer whereby, its level of production is lower than the amount of lubricants extracted from Russia that is estimated at 10.5 million and in the United States of more than 9 million (Shaaban, Mohamed and Petinrin). The company has initiated the comprehensive work on a potential US Gulf Coast project in order to extend polypropylene production power by over 400,000 tons a year in order to accomplish the increasing demand for high level performance, that has been expected to be several hundred million dollars by the next five years. The company supposedly has been positioned to take benefits of the elevating demands for increased value services in North America along with the increase growth catering to Asia Pacific regions (Yusuf et al). It has been noted that excess production of locally manufactured lubricants and natural gas h ave caused reduction to energy costs and further created existing resources of feedstock for the chemical industrialization of chemicals in the US (MacDiarmid et al). It is important to note that the majority section of strategized funding of ExxonMobil in the Gulf Coast region concentrates on the delivering to developing markets such as Asia with high-stipulated products, further stimulating the recent economic development locally. However, these funds have been considered as one of the recent facilities planned to develop the chemical industrializing competence in North America as well as Asia Pacific by almost 40% (Shaaban, Mohamed and Petinrin). Such investments including the two excellent stream crackers in the US will facilitate the organization to accomplish the elevating demand in nations of Asia and other emerging markets. Vietnam can be chosen as a potential market for ExxonMobil in order to start its subsidy (Ratner, Michael and Mary Tiemann). The economic performance of Vietnam has shown resilience further reflecting vigorous export-related manufacturing, well established local demand along with ongoing agricultural return. The GDP growth has been expected at about 7 percent in 2017 that has been regarded as a rapid expansion of the agricultural domain, with increasing international and domestic demand that elevated the manufacturing and business of the nation further united with vigorous foreign venture inflows (Touchette). Furthermore, it must be noted that the US natural gas manufacturers have actualized itself as an energy sector during the ban on crude lubricants exportation that was lifted in 2016. The cost diminution acquired by eccentric US manufacturers has been noteworthy. Furthermore, a dynamic industry like oil and gas further requires a healthy ecosystem of manufacturers, service suppliers, along with other producers (Ayling, Julie and Gunningham). OPEC another renowned oil and gas company has recently declared its cost reduction with Russia whereas the costs have been raised by mid$ 50 per barrel range. The oil cost that collapsed two years ago had immense effect of cost reduction among the upstream businesses of global oil and gas organizations further lacerated the capital outflow by over 35% (MacDiarmid et al). However, with the recent hike in oil price have been partly increased by the decision of cost reduction by OPEC. The oil and gas industry has been actively participating in the performance of CSR activities. Companies like ExxonMobil has been working on safety, health, management of climate change risks and other environmental and community investment activities. Similarly, Royal Dutch Shell and British Petroleum have been working on women empowerment along with several social, environmental as well as financial activities. References Ayling, Julie, and Neil Gunningham. "Non-state governance and climate policy: the fossil fuel divestment movement."Climate Policy17.2 (2017): 131-149. MacDiarmid, Donald G., et al. "The Oil and Gas ROFR: Understanding Current ROFR Issues from the Point of View of the Transactional Lawyer, the Litigator, and In-House Counsel."Alberta Law Review55.2 (2017). Ratner, Michael, and Mary Tiemann. "An overview of unconventional oil and natural gas: resources and federal actions."Congressional Research Service21 (2014). Shaaban, Mohamed, and J. O. Petinrin. "Renewable energy potentials in Nigeria: meeting rural energy needs."Renewable and Sustainable Energy Reviews29 (2014): 72-84. Touchette, Yanick.G20 subsidies to oil, gas and coal production: Canada. International Institute for Sustainable Development, 2015. Valenti, Alix, Lila L. Carden, and Raphael O. Boyd. "Corporate social responsibility and businesses: Examining the criteria for effective corporate implementation utilizing case studies."International Journal of Business and Social Science5.3 (2014). Weill, Peter, and Stephanie L. Woerner. "The Future of the CIO in a Digital Economy."MIS Quarterly Executive12.2 (2013). Yusuf, Yahaya Y., et al. "A relational study of supply chain agility, competitiveness and business performance in the oil and gas industry."International Journal of Production Economics147 (2014): 531-543.