SWOT Analysis Of Exxonmoil

Team Exxon conducted an in depth SWOT analysis of ExxonMobil (XOM or “the company”) to provide a recommendation to help further company profits. The team reviewed all aspects within the corporation by analyzing their strengths and weaknesses as well as analyzing outside variables such as: opportunities and threats. ExxonMobil is the strongest standing Gas and Oil Company. The corporation has grown to become one of the highest-ranking within the industry. XOM has proven to value research & development (R&D). The company takes pride in their operational management system as well as their employees. They have strengthened their name and certified their position through R&D investments to capitalize on new technologies to come. Not only that, but they have also created a strong management system that ensures all of their employees are knowledgeable and up-to-date on risk management and maintenance. Though XOM has been around for …show more content…
Upstream revenue within the U.S has steadily declined over the years. The decline in upstream can lead to a decline in raw material production, and can cause certain sections of the company to close down. Cost of goods was the second financial threat identified. The cost of barrels and the cost of crude oil have steadily increased over the years and decreased the net income for ExxonMobil. The last threat Team Exxon noticed was the instability in the Middle East. The Middle East contributes to fluctuating prices of oil. Which makes it difficult for a company in the oil and gas industry to predict oil prices. These fluctuating prices will determine whether there is a premium or discount on oil. Which overall, causes instability on gas prices in the United States. Based on the research conducted over the strengths, weaknesses, opportunities, and threats Team Exxon recommended the following course of action to help further ExxonMobil’s profits and