Exxon-Mobil Corporation

Paper Summary:

This paper explains that the Exxon-Mobil Corporation, a mature corporation with various divisions and hundreds of affiliates, with brands such as Exxon Mobil, Exxon, Esso or Mobil, is in the business of energy, including the exploration, manufacture, transportation and sale of crude oil, natural gas, petroleum products and power, and is an important manufacturer and marketer of petrochemicals. The paper stresses that this industry is faced with rapid fluctuation in crude oil prices; therefore, derivatives have become an important tool in order to help the oil firms manage this risk. The paper relates that the company also faces risk regarding the transportation of natural gas because the Federal Energy Regulatory Commission (FERC) is continually proposing and implementing new rules and regulations to enhance the level of competition within the segment.

Table of Contents
Introduction
Analysis
Conclusion

From the Paper:

"The company faces high potential risks related with workplace human rights violations as it operates in nations where, according to the U.S. Department of State's 2003 Human Rights Reports, workplace human rights are not sufficiently protected in law and practice. These are countries like China, Indonesia, Chad, Cameroon, Equatorial Guinea, Angola and Nigeria. Exxon Mobil took the first step by mentioning that its standards of business conduct, its global framework for responsible functions, match up to the spirit and intent of the principles of the ILO Declaration. On the other hand, the shareholders believe that the company's true adoption and implementing of a workplace human rights policy are still missing. Even today, the policies set forth by the company do not incorporate the principles of the ILO Declaration."

Sample of Sources Used:

• Dimitrova, Daniela; Lopez, Sonia Noales. Volatility in Oil firms and risk management. Advanced Finance, Finance Center. Master Thesis, Spring 2005. Retrieved from www.hgu.gu.se/files/cff/master%20thesis%20noales-dimitrova%200505.doc Accessed 2 November, 2005
• Corporate. Retrieved from http://exxonmobiloil.net/corporate/files/corporate/FOcorpsummary2003.pdf Accessed 2 November, 2005
• Financial policy. Retrieved from http://www.informit.com/content/images/0273675494/samplechapter/0273675494ch03.PDF Accessed 2 November, 2005
• Form 10K - Duke energy Corp. Retrieved from http://www.dukeenergy.com/investors/publications/annual/ar_2004/downloads/DUKEENERGYCORP10K.pdf Accessed 2 November, 2005
• Human Rights - Adopt ILO Policies - 2005 - Exxon Mobil Corporation. Retrieved from http://www.iccr.org/shareholder/proxy_book05/PROMOTING%20HUMAN%20RIGHTS/ILO_EXXON.HTM Accessed 2 November, 2005

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