ExxonMobil's Record Profits
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The paper examines the record profits of ExxonMobil from the perspective of five principles mentioned in O'Sullivan and Sheffrin's "Economics: Principles and Tools." Additionally, the paper given an in-depth description of the company and its history. The paper also explores the hidden costs that lie behind the corporation's profits.
From the Paper:"Using the term microeconomics to analyze ExxonMobil, the largest company in the United States, is a bit ironic since micro means small and there's nothing small about this corporation. It has the highest market value of any publicly traded company in the world and it was the most profitable. Its operating profit was billions, an all-time record for any publicly traded company, slightly less than the gross domestic product of Azerbaijan, while its revenues were slightly less than the GDP of Belgium."
Cite this Term Paper:
ExxonMobil's Record Profits (2008, December 01) Retrieved December 05, 2019, from https://www.academon.com/term-paper/exxonmobil-record-profits-120453/
"ExxonMobil's Record Profits" 01 December 2008. Web. 05 December. 2019. <https://www.academon.com/term-paper/exxonmobil-record-profits-120453/>