Risk and Control Analysis-Exxonmobil

In: Business and Management

Submitted By katherineyoung
Words 2572
Pages 11
| Risk and Control Analysis: | ExxonMobil Corporation | | Yuying Yang | 2012/12/8 |

Introduction
The following report is an overview of the risk and control analysis of ExxonMobil Corporation. Research on the topic has been carried out based on the comprehensive analysis of the whole corporation, including the upstream, downstream and chemical business. The report will cover some key aspects including:

Background, mission, objectives and strategies of the company
Risks including both industry and business risks that the company faces
Specific area of risks and controls
Background, mission, objectives and strategies
ExxonMobil Corporation is world’s leading petroleum and petrochemical company which is formed in 1999 by the merger of two major oil companies Exxon and Mobil. As the world's largest company by revenue and one of the largest publicly traded companies by market capitalization in the world (Wikipedia, 2012), ExxonMobil has many world spread operating businesses, such as upstream which includes oil exploration, extraction, shipping and wholesale operations, downstream which includes marketing, refining, and retail operations and chemical division. In 2012, with rapid growth, ExxonMobil becomes number 1 in Forbes Global 2000 list. * Mission
Exxon Mobil Corporation is committed to being the world's premier petroleum and petrochemical company (ExxonMobil, 2006). To accomplish this mission, not only the financial and operating objectives must be achieved, the company should also follow specific ethical standards to build a perfect relationship between the company and stockholders, including shareholders, customers, employees and communities. * Objectives and strategies
For such a large oil and gas company, each business of ExxonMobil is indispensable, no matter the upstream, downstream or the chemical division. And each business…...

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