Exxon Ethics in Worldwide Business

In: Business and Management

Submitted By kelkunz
Words 5137
Pages 21
Introduction

Exxon Mobil is an American company resulting of a merger from 1999 between Mobil Oil & Exxon Corporation. Exxon Mobil’s field of activity focuses on oil’s extraction, refining and distribution where it is one of the leaders. Exxon Mobil is also one of the largest petrochemicals producers in the world.

It has 45 refineries in twenty-five countries with a distilling capacity of 6.3 million barrels of oil per day. It also has 42,000 service stations in more than 100 countries under the brand names Exxon, Esso and Mobil.

The corporation has regained the No. 1 rank, in the fortune magazine, of the largest U.S. companies, dethroning Wal-Mart, the retail giant, with a turnover of 453 billion dollars.

We are going to perform an Ethical Review of Exxon Mobil. As a first step, it is important to say that when it comes to ethics and oil industry everything already seems lost in advance. Since long the image of this industry is marred by various environmental disasters (oil spill on the coasts etc…) and many business problems that suggest that oil companies have blood on their hands.

Following these disturbing facts it now seems essential for Oil businesses to regain a public image for stakeholders & all others. Indeed, a lot of these events have significantly harmed the Oil Industry.

We will therefore study Exxon Mobile’s ethics based on its history, its ethics policy, its corporate board & key executives and finally through its ethical practice.

1) Corporate history

Exxon Mobil is en American major actor of the Oil Industry. It is born in 1999 from the merger of two giants: Exxon Corporation & Mobil Oil. The two companies at the origin of the merger are both descendants of one of the most historically famous Oil company Standard Oil founded by John D. Rockefeller. Indeed, following mediatized events of the company’s antitrust…...

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