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You will prepare and submit a term paper on Analysis of Exxon Mobil Corporation. Your paper should be a minimum of 2250 words in length.
You will prepare and submit a term paper on Analysis of Exxon Mobil Corporation. Your paper should be a minimum of 2250 words in length. Higher prices of oil and commodities, in general, have a negative effect on equity investment and on world economic growth. ExxonMobil’s success is thus intricately linked to the success of all industries that engage in some kind of production, regardless of whether that production incorporates oil. Following the trend of its past success, it seems the short- to medium-term future of the corporation is bright. nevertheless, beyond these intermediate future successes in the oil industry, what lies beyond in the far future, as oil demand spikes and then wanes, is a matter of speculation. It is too difficult to take into account the multifarious variables necessary to forecast the effects of such obstacles as green energy legislation and the peak oil hypothesis on the future stock price and market capitalization of ExxonMobil. Despite this lack of long-term clarity, ExxonMobil's current industry dominance ensures that it will remain among the largest multinational corporations in the near future, allowing it to invest and reinvest in research allowing it to adapt to changing energy demands.
ExxonMobil has a rich and varied corporate history, founded on a number of predecessor companies joined through a merger, which illustrates the interesting history of the American energy sector as a whole. In 1931, the Standard Oil Company of New York—a larger and more generalized oil company—and the Vacuum Oil Company—a smaller, machine lubricant-centered producer—merged to form Mobil. In the postwar United States, cheap gasoline for an abundant supply of automobiles became the norm. .The boundaries of cities and communities, in addition to a new system of interstate highways, were expanded. By 1958, the Socony Mobil Oil Company had reached approximately $2.8 billion dollars in revenue, which, by 1968, was$6.5 billion. Throughout the 1960s, Mobile expanded its drilling into the Middle East, the southern United States, the North Sea, and Alaska.