General Information
General Information ExxonMobil is an American oil and gas trading company that help in fulfilling the world’s growing energy needs. This company was formed on November 30 1999 by the merger of Exxon and Mobil, and also headquartered in Irving. This company was a public company with total assets equals to 349.49 billion USD in 2015. This company net income is about 21.96 billion USD in 2015 which come from providing products such as crude oil, oil products, natural gas, and petrochemicals. This worldwide company operate in many country such as India, Indonesia, Japan, Qatar, Kuwait, Brazil, Canada, Angola, Norway, etc. ExxonMobil has a good result especially in upstream industries since 2013. There is always an addition in proved oil and gas reserves with amount about 1.5 billion oil-equivalent in 2013 and 2014, and 1 billion oil-equivalent in 2015. In 2013, this company started up six major upstream projects with gross facility capacity of more than 930 thousand oil-equivalent barrels per day. ExxonMobil also completed eight major upstream projects with working interest production capacity of more than 250 thousand in 2014 and completed six major upstream projects with working interest production capacity of almost 300 thousand oil-equivalent barrels per day in 2015. In the finance point of view, this company also has a good prospect. Earnings of this company is $32.6 billion in 2013, $32.5 billion in 2014, and still $16.2 billion in 2015 even though there was an oil price drop effect. The dividends per share of this company was also still consecutively increase in 2015 with 11 percent increase in second quarter of 2013, 9.5 percent increase in second quarter of 2014, and 5.8 percent in second quarter of 2015. Although the quantitative data shows that this company has shrunk recently but this company can survive from the oil price drop effect and still recommended. This also proven by the return on average capital employed data as shown below.
Written by Haryo Pambudi
From the graph above, we can see that ExxonMobil has a better percentage of return on average capital employed compared with another multinational company. It also shown that this company still has a competitive power in oil and gas industry.
Operation Overview and Plan In upstream industries, this company has an active exploration and production presence in 36 countries. Make a significant oil discovery offshore Guyana, with additional exploration activities planned in 2016. This company also going to unlock the resource in Upper Zakum Field, with 750 thousand barrels per day of oil production anticipated in 2018 and targeting 1 million barrels per day by 2024. More than 1,000 well slots located on four islands, with well lengths up to 35,000 feet, installed 32 new pipelines and 300 pipeline crossings In downstream industries, this company completed a lube basestock unit expansion in Baytown, Texas, and lubricant plant expansions in China and Finland in order to support increased demand for higher-performance lubricants. ExxonMobil also started up the Edmonton Rail Terminal, which facilitating delivery of equity crude oil to ExxonMobil and industry refineries. In Netherlands, this company has been approved funding to expand the hydrocracker at refinery utilizing proprietary technology to produce ultra-low sulfur diesel and Group II lube basestocks. Finally in chemical industries, ExxonMobil sold 24.7 million tonnes of prime products, including record sales of metallocene products that provide valueadded performance advantage for their customer. ExxonMobil also progressed construction of a new 230 thousand tonnes per year specialty polymers project in Singapore to meet growing demand for synthetic rubber and adhesives in Asia Pacific. This company will also continue in construction of major expansions at Texas facilities, including a new world-scale ethane steam cracker and polyethylene units to meet rapidly growing demand for premium polymers. Not only concern in providing global energy demand, ExxonMobil also develops and utilizes advanced technologies in order to help world’s economic and social progress. This company developing an advanced biofuel to improve the environmental performance. ExxonMobil also managing climate change risks and doing community and social movement. So, we can said that ExxonMobil is a public company with great impact to worldwide energy demand and has a good prospect to keep improve in the future.
Written by Haryo Pambudi
Resources: http://cdn.exxonmobil.com/~/media/Global/Files/Summary-AnnualReport/2014_Summary_Annual_Report.pdf http://cdn.exxonmobil.com/~/media/global/files/financialreview/2015_exxonmobil_financial_and_operating_review.pdf http://cdn.exxonmobil.com/~/media/global/files/summary-annualreport/2015_Summary_Annual_Report.pdf http://corporate.exxonmobil.com/en/company/worldwide-operations/locations http://corporate.exxonmobil.com/en/company/about-us https://en.wikipedia.org/wiki/ExxonMobil https://www.google.co.id/#q=exxonmobil+stock
Written by Haryo Pambudi
Written by Haryo Pambudi
From the graph above, we can see that ExxonMobil has a better percentage of return on average capital employed compared with another multinational company. It also shown that this company still has a competitive power in oil and gas industry.
Operation Overview and Plan In upstream industries, this company has an active exploration and production presence in 36 countries. Make a significant oil discovery offshore Guyana, with additional exploration activities planned in 2016. This company also going to unlock the resource in Upper Zakum Field, with 750 thousand barrels per day of oil production anticipated in 2018 and targeting 1 million barrels per day by 2024. More than 1,000 well slots located on four islands, with well lengths up to 35,000 feet, installed 32 new pipelines and 300 pipeline crossings In downstream industries, this company completed a lube basestock unit expansion in Baytown, Texas, and lubricant plant expansions in China and Finland in order to support increased demand for higher-performance lubricants. ExxonMobil also started up the Edmonton Rail Terminal, which facilitating delivery of equity crude oil to ExxonMobil and industry refineries. In Netherlands, this company has been approved funding to expand the hydrocracker at refinery utilizing proprietary technology to produce ultra-low sulfur diesel and Group II lube basestocks. Finally in chemical industries, ExxonMobil sold 24.7 million tonnes of prime products, including record sales of metallocene products that provide valueadded performance advantage for their customer. ExxonMobil also progressed construction of a new 230 thousand tonnes per year specialty polymers project in Singapore to meet growing demand for synthetic rubber and adhesives in Asia Pacific. This company will also continue in construction of major expansions at Texas facilities, including a new world-scale ethane steam cracker and polyethylene units to meet rapidly growing demand for premium polymers. Not only concern in providing global energy demand, ExxonMobil also develops and utilizes advanced technologies in order to help world’s economic and social progress. This company developing an advanced biofuel to improve the environmental performance. ExxonMobil also managing climate change risks and doing community and social movement. So, we can said that ExxonMobil is a public company with great impact to worldwide energy demand and has a good prospect to keep improve in the future.
Written by Haryo Pambudi
Resources: http://cdn.exxonmobil.com/~/media/Global/Files/Summary-AnnualReport/2014_Summary_Annual_Report.pdf http://cdn.exxonmobil.com/~/media/global/files/financialreview/2015_exxonmobil_financial_and_operating_review.pdf http://cdn.exxonmobil.com/~/media/global/files/summary-annualreport/2015_Summary_Annual_Report.pdf http://corporate.exxonmobil.com/en/company/worldwide-operations/locations http://corporate.exxonmobil.com/en/company/about-us https://en.wikipedia.org/wiki/ExxonMobil https://www.google.co.id/#q=exxonmobil+stock
Written by Haryo Pambudi
