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Exxon Mobile

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In depth look into Exxon Mobil
Chris Maag

Abstract
The basis of this paper is to examine the past and most recent development of Exxon Mobil. This research will highlight key study points including history, supply and demand, price elasticity, cost of production, competitive advantages, entry barrier, product substitution, market share and structure. Various information used for this study are company history statements, SWOT analysis, and financial reports. The story of this giant oil company has become more intriguing with the every increasing demand for oil, oil-powered products, driving global production nearly to 5.3 million barrels a day. This paper will investigate alternate energy and how the world is slowly gravitating towards that shift.

Company Introduction
In our economic day and age, there is a high reliance of oil and gas in everything used in daily task. From cooking, to driving cars and keeping warm during the winter season, it is one of the essential necessities in current modern time that keeps the human race thriving. It is used in the production of certain home and household materials. Gas is used in producing fertilizers and a wide range of industrial products, including plastics and polymers, textiles, paints and dyes. In this study there will be a focus on one-of-world’s largest oil companies – Exxon Mobil and examine the corporations’ economic value.
What is Exxon Mobil? Exxon Mobil, as we have stated previously is one of the largest companies in the oil and gas industry. Exxon is the largest publicly traded international oil and gas company. It “engages in oil and gas exploration, production, supply, transportation, and marketing worldwide”(Hoovers, 2015). Apart from oil and gas, Exxon Mobil is also a petrochemical producer, products that produce petroleum.
Exxon Mobil has slowly evolved from a marketer of kerosene in the

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