The paper "Corporate Performance and Top-Down Approach" Is a great example of a Management Case Study. Conducting research provides a comprehensive understanding of the information of the financial markets of the company, the economy, and all the data essential in recommending successful investments. Top-Down Approach as one of the two directions of research could give a clear picture of the economic and market analysis of the chosen corporation, the Exxon Mobil Company. This approach presents information from the highest to the lowest arranged from general to particular. This is a design methodology that provides a formal mechanism for breaking complex process designs into functional descriptions, reviewing process, and allowing necessary modifications. Since according to research the Exxon Mobil Company is the world’ s largest integrated oil company, it is interesting to know and analyze the performance of the Exxon Mobil Company. Exxon Mobil has superior dividend-yielding stocks as it is engaged with exploration, transportation, and sale of crude oil and natural gas.
Its interest in the electric power generations for domestic supply will be a great advantage. As Top-Down Approach has the perspective to assess the overall climate to formulate market strategy and identify industry niches, themes, and trends, Exxon Mobil will be the appropriate company that has gained experiences as they survived the gains and odds from the grass-root level. II. Company Background The Exxon Mobil Company is the world’ s largest integrated oil company, ahead of BP and the Royal Dutch Shell.
Based on research, it engages in oil and gas exploration, production, supply, transportation as well as marketing worldwide. Moreover, it has proved reserves of about 13.6 billion barrels of oil equivalent. Forty refineries of Exxon Mobil in twenty countries according to studies have a capacity of producing 6.4 million barrels per day.
In one hundred countries, the company supplies refined products to more than 35,000 service stations. In addition to that, it also provides fuel to seven hundred airports as well as to more than two hundred ports. It is also a major petrochemical producer. For annual corporate earnings for 2005 and 2006 as well, the company had posted consecutive U. S. records. According to “ Exxon Mobil Corporation (XOM) Q2 2006 Earnings Conference Call” (2006), the second-quarter net income of Exxon Mobil and normalized earnings were $10.4 billion, or $1.72 per share, which represents an increase of 2.5 billion, or 32 percent as compared to second quarter 2005 normalized earnings.
By strong crude prices, and refining margins, and by continued focus on operational excellence as well as cost-containment, this performance was driven. The State of Qatar and Qatar Petroleum have announced in July, the launched of Al Khaleej Gas Phase 2 project which is being developed to supply natural gas to domestic markets while recovering associated condensate and natural gas liquids for export.
The Start-up of Phase-2 is scheduled for 2009. On the other hand, Phase-1 of Al Khaleej Gas, with a capacity of 750 million cubic feet per day of gas, began in November 2005 and Exxon Mobil had produced one hundred percent interest in the said project.
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