Wednesday, October 9, 2019

Aims and objectives of Exxon Mobil Corporation

Aims and objectives of Exxon Mobil Corporation This case study is about Exxon Mobil Corporation faced with crisis. Exxon Valdez spilled approximately 11 million gallons of crude oil into Alaskaà ¢Ã¢â€š ¬Ã¢â€ž ¢s Prince William Sound. Lot wildlife such as brown bear, harbor seals, sea birds, bald eagles, sea otters and cormorants suffered a great loss in their population. Those species are affected by spilled oil disaster. The Exxon Mobil Corporation oil spilled case greatly affected the Alaskaà ¢Ã¢â€š ¬Ã¢â€ž ¢s fisheries life, environment of national parks, beaches and forests. All Alaskaà ¢Ã¢â€š ¬Ã¢â€ž ¢s tourism spices are greatly affected by oil spilled due to Exxon Mobil Corporation worst management or slow response. A lot crude oil trading cooperation in the world, like one of the trading Companies Exxon mobile Corporation or Exxon Mobil is an American multinational oil and gas corporation, headquarter of Exxon Mobil are founded on 1870 and located in Irving, Texas. Exxon Mobil Corporation is one of the largest publicly traded companies in the world and ranked on top 5 corporations. ExxonMobil is the largest of the oil or energy industrial with daily high productivity more than 3.5 million barrels of oil equivalent. Exxon Mobil Corporation produces 3 main products such as fuels, lubricants and petrochemicals. On March 24, 1989, Exxon Mobil Corporationà ¢Ã¢â€š ¬Ã¢â€ž ¢s Vessel the oil tanker Exxon Valdez, this oil tanker was control by shipmaster Jeffrey Hazelwood. The oil tanker was sailing the shipping lane from Valdez, Alaska to Los Angeles, California, ran aground on Bligh Reef in Prince William Sound, Alaska. The oil vessel Exxon Valdez was sailing inbound shipping lane due to outbound lane obstructed with small icebergs. Before the tanker arrive the destination, the Exxon Valdez spilled approximately 11 million gallons of its 55 million gallon crude oil. The oil would eventually spill more than 1,100 square miles of ocean in Alaska. This oil spilled disaster was making the Exxon Valdez the la rgest oil spilled case in worldwide. The crisis to the Exxon Valdez involved a lot personnel and equipment over a longer period of time than did any other spill in America State history. This oil disaster involving the problems in providing fuel, berthing, meals, waste management, response equipment and other resources were one of the largest challenges to response management team. The Oil spilled case was involving lot personnel, vessels and aircraft to support the cleanup operation. The Exxon Mobil Corporation spends the cleanup cost approximately more than 2.1billion dollar in cleanup operation. Until now, some of the shoreline still did not fully cleanup or recover. These oil disasters due to the Exxon Mobil Corporationà ¢Ã¢â€š ¬Ã¢â€ž ¢s management did not show fast response on tanker oil spilled case. Examine the aim and objectives of Exxon Mobil Corporation. 3.1 The aim by Exxon Mobil Corporation The Exxon Mobil Corporation was still continuously achieving superior financial and operating results while simultaneously adhering to high ethical standards. The reason is the Exxon Mobil Corporation was committed want to being the world’s famous petroleum and premier petrochemical company.  The following committed such as shareholders, customers, employee and communities. 3.1.1 Shareholders The Exxon Mobil Corporation is committed to enhancing the long term value of the investment and expands the global market.   The Exxon Mobil Corporation are believe that, there shareholders will be rewarded with greatly return due to the business profitably and responsibly. The Exxon Mobil Corporation are implementing the aim and achieve their commitment to shareholder.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.