Transcript: FRACKING Blocking strategy EXXON DOWNSTREAM -Monopolium - Importance of oil - Geopolitical influence - Global warming CHEMICAL DIVISION POLITICAL INFLUENCE Socony-Vacuum Corp Current CEO More successful than Raymond? XTO Energy Merger Retirement 15.8% BUSINESS DIVISIONS Biggest Merger In History? 1989: Valdez Oil Spill Mid-20th century: Brooklyn Oil Spill 2011: Yellowstone River Oil Spill 1931: Rex Tillerson $3.13 billion Human Rigths Violations $1.7 billion 1977 1972: 1926: Refining 31,7% $30 MILLION One of the biggest contributors to environmental causes?? Global Warming HISTORY FINANCES 1999 $20 each barrel D. Cheney 1911: Violation of Sherman Antitrust Act 44.6% Darren Woods HISTORY SCANDALS Former CEO (1993 - 2006) Household name? Lee Raymond NATURAL GAS Standard Oil Company of New York (Socony) UPSTREAM OPERATIONS MOBIL $52M The " Exxon Valdez " Disaster "KEY VOTE SYSTEM" L. Raymond ESSO "Energy Lives Here" Important accidents STRATEGY Plastic bottles or packaging materials $30 bn ISIS Transportation 1998 - 2014 2002: Global Climate and Energy Project (GCEP) Environmental donations $2 MILLION $80 billion ExxonMobil, oil industry leadership. Distribution warehouses Next CEO Same path as Tillerson Jack Williams Oklahoma eartquake Manufacturing 1870 -> Standard Oil Company Standard Oil Company of New Jersey (Jersey Standard) 1966: Environmentally friendly
Transcript: In 1989 the oil tanker "Exxon Valdez" crashed off the coast of Alaska. The accident resulted in about 10.8 million gallons of oil (about 260 thousand barrels, or 40.9 million liters) spilled into the sea, creating an oil slick of 28 thousand square kilometers. As a result of litigation, the company paid more than 300 million dollars in compensation to the victims. In 2007, Exxon Mobil had a record net income of $404.552 billion of revenue, what exceeds the annual state budgets of most of the 184 countries in the world Oil and gas production in 2006 was 2.681 million barrels per day, which corresponds to 133.5 million tons of oil per year. joint development of hydrocarbon reserves in the shelf of the Black Sea Russian company will be 66.7% in the joint venture from the US - 33.3% gasoline brand worldwide except in Australia and New Zealand, where the Mobil brand is used exclusively Thank You! The daily production is 3.921 million BOE what approximately 3 % of world production American multinational oil and gas corporation The 5th largest company by revenue in the world № 6 in Forbes Global 2000 list in 2014 The 2nd most profitable company in the Fortune 500 in 2015 The largest of the world's supermajors ExxonMobil produces about 3 % of the world's oil and about 2 % of the world's energy Exxon Mobil Corp. The main owners of the company - investment funds and private investors BRANDS brand of motor fuel and related products in New Jersey, Pennsylvania, Texas and in the Mid-Atlantic and Southeastern states. Esso retail gasoline brand in California, Florida, New York, New England, the Great Lakes and the Midwest Mobil Exxon The cooperation with ROSNEFT The company employs over 82,000 people worldwide In January 2013, Exxon Mobil replaced Apple's first line of most expensive companies in the world. Apple capitalization is 413 billion dollars Exxon Mobil - 418.2 billion dollars
Transcript: 2013 Ratios vs Chevron and Industry Average 2014 Quarter Vs. 2013 Quarter 3 Andrew Swiger – Principal Financial Officer Earned a bachelor’s degree in Petroleum Engineering from the Colorado School of Mines Spent time in upstream and downstream assignments Started current assignment in 2009 Founded by John D. Rockefeller in 1882 (Standard Oil Company). In response to Standard Oil’s monopoly, supreme court split them up into 34 different companies Two of the 34 companies were Jersey Standard and Socony, which would later become Exxon and Mobil, respectively. In 1998 Exxon and Mobil agreed to merge and form ExxonMobil Corporation. ExxonMobil intends to begin production from 28 multiple major oil and gas projects between now and 2017 80% of new production will be oil. May not increase production for number of years Investment into Biofuel research pyrolysis - rapid heating of biomass genetically modified algae May not become a possibility for growth for 25+ years Not recommended until oil prices make a significant recovery. Ken Nutter Rebecca Sasko Collin Styron Works Cited Crude Oil Price Projection Three segments of business: Chemical Executives Blanchard, Dave. "Top 10 CFOs in Manufacturing [SLIDESHOW]." Photo Gallery:. N.p., 17 Dec. 2013. Web. 07 Dec. 2014. <http://www.industryweek.com/finance/top-10-cfos-manufacturing-slideshow#slide-0-field_images-105081>. "Downstream Definition Investopedia." Investopedia. N.p., n.d. Web. 07 Dec. 2014. http://www.investopedia.com/terms/d/downstream.asp "About ExxonMobil." Exxon Energy. N.p., n.d. Web. 05 Dec. 2014. <http://exxonenergy.com.yeslab.org/html/ourcoAboutHistory.htm>. "Rex W. Tillerson 1952- Biography." Reference for Business. N.p., n.d. Web. 07 Dec. 2014. http://www.referenceforbusiness.com/biography/S-Z/Tillerson-Rex-W-1952.html#ixzz3LAcY4jO7 "Drilling Record: 7 Miles Extended-reach Oil Well off Russia." MercoPress. N.p., 8 Feb. 2008. Web. 07 Dec. 2014. <http://en.mercopress.com/2008/02/07/drilling-record-7-miles-extended-reach-oil-well-off-russia>. "Defining Upstream Oil & Gas - PSG Dover." PSG Dover. N.p., n.d. Web. 07 Dec. 2014. http://www.psgdover.com/en/oil-and-gas/oil-gas-market-overview/oil-gas-upstream "Learn about ExxonMobil Principal Financial Officer and Senior Vice President Andrew P. Swiger." ExxonMobil. N.p., n.d. Web. 07 Dec. 2014. <http://corporate.exxonmobil.com/en/company/about-us/management/andrew-p-swiger>. McFarlane, Greg. "ExxonMobil's Massive And Reliable Money Machine (XOM,AAPL,CVX)." Investopedia. N.p., 14 Apr. 2014. Web. 07 Dec. 2014. <http://www.investopedia.com/stock-analysis/041414/exxonmobils-massive-and-reliable-money-machine-xom-aapl-cvx.aspx>. "Downstream Definition | Investopedia." Investopedia. N.p., n.d. Web. 07 Dec. 2014. <http://www.investopedia.com/terms/d/downstream.asp>. "ExxonMobil Chemical Companys New Enable Metallocene Polyethylene Combines Enhanced Extrusion With Excellent Film Performance." World News. N.p., 25 Mar. 2008. Web. 07 Dec. 2014. <http://article.wn.com/view/2008/03/25/ExxonMobil_Chemical_Company_s_New_Enable_Metallocene_Polyeth/>. Should you invest? Unrealistic Plan Does not believe any hydrocarbon reserves will be stranded. Does not believe any potential reserves will be restricted by government action Does not expect any implementation for a low carbon solution due to cost. Not projecting production values that correspond with current oil supply Stock Price Projection Future Outlook 2013 vs 2012 Ratios Refining crude oil and distributing to retailers Fuels Lubricants Chemicals ~10% of net income Rex Tillerson – CEO Earned a bachelor’s degree in civil engineering from the University of Texas – Austin. Began working as a production engineer at Exxon in 1975. Held several positions in U.S. and internationally before becoming CEO in 2004 Strongest in the exploration and production side of business. "when he walks into the room, Rex Tillerson radiates competence and stability." Exploration and production/extraction of crude oil, and transportation to refinery. 80% of the company’s profit Oil Production Production increase to 9 million BPD since 2008 Increased supply should begin to slow oil production. IHS estimate of 700,000 BPD next year (basis of $77/barrel. 20% all “tight” oil fields produce oil that must sell at $85 $90 per barrel to be profitable. ExxonMobil’s future projects that require selling price of approximately $90 per barrel to produce profit. QUESTIONS? Executives ExxonMobil produces a wide variety of petrochemical and polymer products Polyethylene Polypropylene Plasticizers …and much more ~10% of net income Explores and produces a variety of petrochemical products. Fuels Lubricants Chemicals Operates under three segments of business: Upstream Downstream Chemical Production Three segments of business: Downstream History of ExxonMobil Stock Price History and Overview Crude Oil and Natural Gas 2013 vs 2012 Balance Sheet 2013 vs 2012 Income Statement Dividend Per Share Increase Three
Transcript: Background How will supply keep up with demand? Corporate Efficiency Decreasing Costs by increasing Corporation wide by 7.5% Cogeneration - making electricity and heat or steam at the same time by capturing them as byproducts Carbon Capture and storage Chemical Process that freezes out Carbon Dioxide which can be injected into the earth's surface Can be resold to other companies Can capture 365 million cubic feet a day with one plant Consumer Efficiency Mobil 1 Advanced Fuel Economy is a synthetic oil that can increase fuel economy by 2% Hydrogen Fuel Cells Researching with on-board fuel cells Convert hydrocarbon fuels to hydrogen Reduce need to produce or transport hydrogen Exact™ is a new thermoplastic for vehicles Impact Resistant at low temperatures unlike conventional thermoplastics Makes vehicle lighter and therefore more fuel efficient 125 billion dollars on all energy projects 1.6 billion dollars specifically on improved efficiency and reduction of greenhouse gas emissions projects Going Green Flaring is the process of burning hydrocarbons that rise to surface during oil extraction Must be burned for safety or disposal Releases greenhouse gases Have reduced by 60% since 2006 Algae biofuel research Can be produced on land that agriculture will not grow on Photosynthetic: only need water, sunlight and carbon dioxide Use of carbon dioxide decreases emissions in atmosphere Algae can produce 2000 gallons of fuel per acre annually Bio-oils can be used to make any type of fuel Natural gas is largely available Much cheaper than coal because it produces less emissions (with environmental policies) Expect that by 2040 demand will increase by 60% 60% less greenhouse gas emissions than coal “2009 Green Company of the Year” better reputation Lower costs of operation Preservation of environment Costs Effects of Going Green Benefits 125 years ago: kerosene marketer Corporate Efficiency Staying Green Today: largest publically traded petroleum and petrochemical enterprise in the world Consumer Efficiency A presentation by JT Layson and Joni McMahon Environmental Impact of the Petroleum Industry Corporate Efficiency Outlook for Energy: A View to 2040 Source for all images: Google Images Improve efficiency of operations to keep up with exploding demand Reduce environmental impact of facilities and products Utilizing Green Technology Motivations for Sustainability Combustion of fossil fuels greenhouse gas emissions Rising atmospheric levels of carbon dioxide Enhanced greenhouse effect Anthropogenic global warming
Transcript: North Campus Jade Huynh Abhinav Kumar Christopher Dominguez November 30, 1999, Standard Oil Co. of New Jersey, Exxon, Standard Oil Co. of New York, Mobil, joined to form ExxonMobil Corporation. "This merger will enhance our ability to be an effective global competitor in a volatile world economy and in an industry that is more and more competitive," said Lee Raymond and Lou Noto, chairmen and chief executive officers of Exxon and Mobil, respectively. Exxon and Mobil ExxonMobil PROMES 1100 385 acres along Hardy Toll RD. 3,000 workers on site 40 percent more efficient than comparably sized buildings in Houston. water usage will be reduced by 80 percent versus a comparable-sized development. climate control, personal control of workspace temperatures and lighting. savings plan medical, dental, vision plans pre-tax spending plan disability plan pension plan Exxon and Mobil life insurance vacation holidays flexible work arrangements educational refund program matching gifts program apply online https://sjobs.brassring.com/1033/ASP/TG/cim_home.asp?partnerid=6961&siteid=90 use the search openings feature personal email resume, transcript 2008 - $45.22 billion still growing 2012- 2nd highest annual profit $44.8 billion 2008 - $45.22 billion upstream, downstream, midstream ExxonMobil History John D. Rockfeller born on July 8, 1839, in Richford, New York Rockefeller, Andrews & Flagler Standard Oil Company Largest oil refinery of the world Money Monopoly Break up to 34 different companies Standard Oil Co. of New Jersey Standard Oil Co. of New York, Rockefeller, at the age of 86, penned the following words to sum up his life:I was early taught to work as well as play,My life has been one long, happy holiday;Full of work and full of play—I dropped the worry on the way—And God was good to me everyday. History North Campus Money Work benefits Internship Opportunities Locations Sources Points to cover Standard Oil Corporation North Campus 385 acres along Hardy Toll RD. 3,000 workers on site 40 percent more efficient than comparably sized buildings in Houston. water usage will be reduced by 80 percent versus a comparable-sized development. climate control, personal control of workspace temperatures and lighting. Money and Future Investments Internship Opportunities https://www.google.com/search?q=drake+well&rlz=1C5CHFA_enUS548US548&espv=210&es_sm=91&source=lnms&tbm=isch&sa=X&ei=b7-DUtHXOITj2QWg2YG4DQ&ved=0CAkQ_AUoAQ&biw=1280&bih=728#facrc=_&imgdii=_&imgrc=WCYLBJ0QMFn_aM%3A%3BVc3lcy03Z1371M%3Bhttp%253A%252F%252Fupload.wikimedia.org%252Fwikipedia%252Fcommons%252F9%252F96%252FDrake_Well%252C_June_2012.jpg%3Bhttp%253A%252F%252Fen.wikipedia.org%252Fwiki%252FDrake_Well%3B3264%3B2448 http://www.exxonmobil.com/corporate/history/about_who_history_alt.aspx https://www.google.com/search?q=standard+oil+company+john+d+rockefeller&rlz=1C5CHFA_enUS548US548&espv=210&es_sm=91&source=lnms&tbm=isch&sa=X&ei=Xt-DUrDEB6Wx2wXi4IGQBA&ved=0CAcQ_AUoAQ&biw=1280&bih=728#es_sm=91&espv=210&q=standard%20oil%20company%20new%20jersey&tbm=isch&facrc=_&imgdii=_&imgrc=PBUOYDOovwy_0M%3A%3BUZO3W4-Lgbzp_M%3Bhttp%253A%252F%252Fwww.geoexpro.com%252Fckfinder%252Fuserfiles%252Fimages%252F2011%252520-%252520Vol%2525208%252FNo%2525204%252FThe%252520Standard%252520Oil%252520Story%252520III%252FFig3_StandardOilLogos.jpg%3Bhttp%253A%252F%252Fwww.geoexpro.com%252Farticle%252FThe_Standard_Oil_Story_III_The_Rise_Fall_and_Rise_of_The_Standard_Oil_Company%252F0792b40f.aspx%3B464%3B292 http://swamplot.com/welcome-to-the-land-of-exxonmobil-a-tour-of-the-companys-new-north-houston-campus/2011-06-07/ Work Benefits By colonel Edwin Drake and Uncle Billy Smith "Drake Well" August 28, 1859 "The importance of the Drake well was in the fact that it caused prompt additional drilling, thus establishing a supply of petroleum in sufficient quantity to support business enterprises of magnitude Titusville, Pennsylvania Produced 12- 20 barrels per day Used 6 HP steam engine to ram a drill through the soil First Successful Well Work Benefits Cont'd
Transcript: Stock History CEO - Rex W. Tillerson Formed Nov. 30th 1999 Merger between Mobile and Exxon Both descendents of John D. Rockefeller's Standard Oil Upstream US Production Marketing Exploration Development Production Downstream International Marine Transportation Research and Engineering Chemical "Exxon Mobil Corporation is committed to being the world's premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while simultaneously adhering to high ethical standards." Board of Directors Total of 76900 Employed Exxon Valdez, March 24, 1989 Prince William Sound 11 Million gallons of Oil Exxon Brooklyn oil spill, July 17, 2007 Newtown Creek 17-30 Million gallons of Oil Mayflower oil spill, March 29, 2013 Mayflower, Arkansas 2,000 barrels of oil Operating Divisions Michael J. Boskin On Board since 1996 On Board of Directors of Oracle Peter Brabeck-Letmathe On Board since 2010 On Board of Directors of Nestle, Credit Suisse Group, L’Oréal Ursula M. Burns On Board since 2012 On Board of Directors of Xerox, American Express Traded on the NYSE Trades at $90.25 Competes with CVX RDS.A BP TOT History Environmental Record
Transcript: Exxonmobil Bonds Stocks Ratio Comparison Recommendation 156.3 Petrobras -33% 211.9 Chevron-17% 276.6 Petro China -9% Introduction Conclusions Financial 234.6 Royal Dutch Shell +10 135.5-BP -2% Overview and history Product Lines Competitors 406.3 Exxonmobil +16% Earnngs & Net Income Return on Capital Shareholder Returns Cashflow ROIC- WACC
Transcript: Externality What is an externality? - Exernality impacts a third person - It can be positive or negative -The States plays an important role - Both people and company create externalities - A global phenomenom - Can be positive (education) or negative (pollution) Why should we consider them? Importance The polluter pays principle Polluter pays The principle Who owns what? Who needs to pay in order to protect areas that belong to States, the people or the international community? Can we pay to reappear everything? Ambiguity What is Exxon Mobil? An American company that produces fuels, lubricants and petrochemicals worldwide. Presentation ExxonMobil external effect What steps have taken ExxonMobil to internalize its external effects? - $10 billion investment on lower emission energy solution - Decreased emission by 30% - Reviews regularly the Climate Change risk Positive - Trial in NY - Hide information about Climate change - Carbon heavy investment Negative Questions? Thanks for your attention, any question?
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