UV0100 EXXONMOBIL AND THE CHAD CAMEROON PIPELINE In November 1999‚ ExxonMobil CEO Lee Raymond faced the potential collapse of the Chad/Cameroon Oil Pipeline project on which the company was about to embark. Both Royal Dutch/Shell and France’s TotalFinaElf‚ ExxonMobil’s partners in the Pipeline Consortium‚ had just withdrawn‚ citing environmental concerns among other things and leaving its future temporarily in doubt. This withdrawal delighted many environmental groups long opposed to the pipeline
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INTRODUCTION Due to the very nature of oil resources‚ the environment is invariably affected. The first way in which the environment is affected by the oil industry is through both the drilling and the transportation processes. The chemicals used in the drilling can be harmful to the environment‚ drilling itself poses a great danger‚ for instance in case of an oil spill (as the Deepwater Horizon oil spill showed)‚ and as the Exxon Valdez disaster so evidently portrayed‚ transportation can be equally
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Contents Executive Summary 1 Introduction 2 Analysis 3 Internal communication 3 External communication 6 Conclusion 10 Recommendation 11 Internal communication 11 External communication 12 Executive Summary BP oil spill in April 2010‚ had incurred serious damage to both the company and publics. Though some internal and external communication strategies were carried out after the accident‚ more improvements should be made by BP to maintain the safety and reputation
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Morality and Ethics (Exxon Case) As two members of our group are children of sea captains‚ the case of Exxon Valdez oil spill was extremely interesting for our team. It demonstrates that irresponsible behavior of people can lead to the most devastating human-caused environmental disasters of the past century. Multiple factors have been identified as contributing to the incident. In our group’s opinion‚ the most important are: the captain was drunk being on duty‚ the third mate failed to properly
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Analysis of Exxon Mobil (Group C) ExxonMobil is an American multinational oil and gas corporation being the world’s largest publicly traded international oil and gas company. ExxonMobil holds an industry-leading inventory of global oil and gas resources. Is the world’s largest refiner and marketer of petroleum products‚ their chemical company ranks among the world’s largest. Exxon apply science and innovation to find better‚ safer and cleaner ways to deliver the energy the world needs[1]. Although
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Background 1 a. Industry 2 b. Products 2 c. Target market 3 d. Competitive environment 3 2. Income Statement Measures and Discussion 5 a. Exxon Mobil Income Statement 5 b. Net Cash Flow 6 c. Net Operating Profit after Tax (NOPAT) 6 d. Operating Cash Flow (OCF) 7 2.1 Balance Sheet Measures and Discussion 8 a. Exxon Mobil Balance Sheet 8 b. Net Operating Working Capital (NOWC) 8 c. Total Operating Capital 10 d. Net Investment in OPC and Gross Investment in OPC
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The mineral rights to drill for oil at the Macondo well‚ were purchased by BP at the Minerals Management Service’s (MMS) Lease Sale No. 206‚ held in New Orleans. June 22 – Mark E. Hafle‚ a senior drilling engineer from BP‚ warns that the metal casing for the blowout preventer might collapse under high pressure Deepwater Horizon drilling rig company‚ owned by Transocean‚ begins drilling on the Macondo Prospect. The planned well was to be drilled to 18‚000 feet below sea level‚ and was to be plugged
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Exxon: Yesterday‚ Today and Tomorrow Monique Barnett Southern New Hampshire University Abstract This paper will provide a brief history of the corporation Exxon‚ and a description of CSR issues that the company has endured. It will describe the impact on organizational‚ economic‚ and societal stakeholders of Exxon. It will explore the current status of the corporation by looking into the CSR failure filter‚ strategic CSR‚ and will identify two of the five driving forces
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Oil Pollution-Case Study The following case study is about the impacts that oil pollution produces in the sea‚ specifically in this case in the coasts of South Wales. This incident was due to the stranding of an oil tanker from the company Sea Empress. The cause for this oil pollution was that a 147‚000 tonne oil tanker from Sea Empress ran aground‚ even though they were controlled by the harbor pilots. The oil tanker would have been docked earlier but because of the heavy seas it took longer.
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price of crude oil. Recent trends of reviving global economy‚ increasing demand for energy‚ and political turmoil in oil-producing regions‚ have seen oil prices soar (to more than $55 a barrel in 2004)‚ thus causing industry rebound. Higher prices have reached most of the industry producers‚ refiners‚ pipeline companies‚ equipment makers‚ oil field service providers‚ and gas station operators - which have all enjoyed new profits. Leading the charge are the world ’s largest integrated oil companies:
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