ExxonMobil - Challenges and Opportunities
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Case Code: BSTR582 Case Length: 18 Pages Period: Pub Date: 2019 Teaching Note: Not Available |
Price: Rs.500 Organization: ExxonMobil Industry: Energy Countries: United States Themes: Corporate Strategy, Strategic Planning, Strategy Formulation, Strategy Implementation |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On January 31, 2019, ExxonMobil Corporation (ExxonMobil), the world's largest publicly traded Oil and Gas Company, announced that it would streamline its upstream organization and centralize project delivery across the company to support its growth plans announced in March 2018. Effective April 1, 2019, three new upstream companies would be created – ExxonMobil Upstream Oil & Gas Co., ExxonMobil Upstream Business Development Co., and ExxonMobil Upstream Integrated Solutions Co. Moreover, the company would also create the ExxonMobil Global Projects Company to enhance its project delivery capability and centralize major capital project planning and execution expertise to support all three business segments – upstream, downstream, and chemical. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana, Mozambique, Papua New Guinea and Brazil. Our focus is on increasing overall value by strengthening our upstream business and further integrating it with the downstream and chemical segments to take advantage of our unique capabilities across the value chain...
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