Exxonmobil Social Responsibility in a Commodity Market

ExxonMobil: Social Responsibility in a Commodity Market 1. Consider and discuss the impact of the rising price of petrol on as many other products and services as possible. Petrol is one of the most demanded products on earth. Because of this, not only the petrol prices are rising, but also the prices of those products, that are petroleum related products. In the service sector, the costs for transportation (trucking, air cargo, sea and rail carriers) are rising because of the rising costs of petrol. This makes the transported products also even more expensive. And this is almost every product in the world. So the rising fuel prices affect almost every product we buy. Also the fact that it is a finite material, makes it more†¦show more content†¦So in my opinion, it is not acting responsibly and had more control over the rising prices then we (the consumers) were lead to believe. 4. From the perspective of social responsibility, what role does the consumer play in the price of petrol? The consumer is playing the central role, because the consumer is the one who is demanding. The less consumers demand, the more they will lower the price. From the social responsibility point of view, when a consumer thinks that a company is not acting ethically or socially responsible he or she then could boycott that company and and not buy its products anymore. If a great amount of people would do this, therefore, the whole demand for those companies’ products would be lowered and so would the company’s price for this product do. This is easy said, because the whole world is in need of petrol, but in theory the consumer is the one who creates the demand and so he could control it. 5. How would you â€Å"fix† the problem of rising petrol prices? Consider solutions for different groups including governments, corporations, nonprofit groups, and consumers. What are the advantages and disadvantages of your proposed solutions? From the consumers perspective they should find a way to get together and boycott the products of ExxonMobil to have an influence of their prices. But as above said, it is hard to have an influence on such aShow MoreRelatedExxonmobil: Social Responsibility in a Commodity Market Essay1048 Words   |  5 PagesExxonMobil: Social Responsibility in a Commodity Market Fall 2011 1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible. Drivers realize that the price of gas is tied to the market value of crude oil, and has a direct impact to their daily commutes, errands, and vacations. However the reality is that the price of fuel has implications much grater than most consumers realize. Fuel prices affect nearly everything we purchase.Read MoreExxonmobile: Social Responsibility in a Commodity Market1377 Words   |  6 PagesExxonMobile: Social Responsibility in a Commodity Market Company Case 5 MKT 550 Chris Boisvenu Introduction This particular case deals with ExxonMobil and its social responsibility in a commodity market. ExxonMobil is the world’s largest publicly traded international oil and gas company. They hold an industry-leading inventory of global oil and gas resources. They are the world’s largest refiner and marketer of petroleum products (ExxonMobil, 2013). This case deals with the everyday struggleRead MoreExxon Mobil Corporation : An Energy Company Essay940 Words   |  4 Pagesmanufacturer and marketer of commodity petrochemicals and a wide variety of specialty products. It also markets and refines chemicals, and has interests in power generation facilities. The company operates in two hundred plus countries in North America, Europe, Asia-Pacific, Latin America and Middle East/Africa. Formed by the merger of two big oil companies in 1999, Exxon and Mobil, the corporation is now the world’s 8th largest by revenue and third largest publicly traded company by market capitalization. Exxon’sRead MoreExxonMobile Critical Success Factors3661 Words   |  15 Pages_INTRODUCTION_ ExxonMobil Corporation is the second largest integrated oil company in the world. In 2011 it ranked 3rd in the worlds largest companies with a revenue of $354,674 million and total profit of $30460 million. ExxonMobil has evolved from a regional marketer of kerosene in the U.S. to the largest trader of petroleum and petrochemical enterprise in the world. They are best known by their familiar brand names: Exxon, Esso and Mobil and they supply to more than 40,000 service stationsRead MoreExxon Mobile Capstone40455 Words   |  162 Pages..........................................42   FINANCIAL  ANALYSIS ...................................................................................................................................................................43   Valuation  of  ExxonMobil ...................................................................................................................................................44   ii Forecasting  Model  for  Scenario  Analysis .............................................Read MoreThe General Industry Environment Around The Oil And Gas Industry4330 Words   |  18 Pagesfuture. Social: The social context of the oil and gas industry concerns the demographics, cultural influences, values, geography and trends . Energy companies are focused on their responsibility to safely deliver and distribute oil and natural gas to the energy-demanding world. The industry has become increasingly aware of early and continuing consultation with surrounding communities and government institutions, building it into their project’s overall management cycle. The social environmentRead MoreInvesting Analysis for Royal Dutch Shell vs. British Petroleum5483 Words   |  22 Pageswe change to BP against SHELL. The material has been compiled from various online sources, mostly from the company’s website itself for the company annual report and financial statement review, as well from finance websites for share performance, market and industry related. We hope this report will be beneficial to those reading it and especially to Ms. Grotenrath in her decision making the right investment. We hereby take this opportunity to put on records our sincere thanks to Mr. Matthias EschweilerRead MoreMkc1 Study Guide Essay8083 Words   |  33 PagesSeek a long-term contract guaranteeing the purchase of its raw materials 5. A marketer believes its product has become obsolete for all markets. The marketer feels that a new technology may have created a substitute product and created new desire for their former consumers. A. Sell the old product on the internet B. Sell the old product in foreign markets C. Increase advertising and promotion for old product D. Investigate the new technology for opportunities opening in a new industry 6Read MoreInternational Business in Bangladesh- an Investment Destination in South Asia5955 Words   |  24 Pagesis a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). Well known MNCs include fast food companies such as McDonalds and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer electronics companies like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. Most of the largest corporationsRead MoreImplication of Oil and Gas Investment in Ghana15418 Words   |  62 Pagesand exploration of oil in developing nations. A World Development Report of the United Nations Conference on Trade and Development (UNCTAD) (2007:95) for example states that: Extractive activities [including oil exploration] can also have profound social and political impacts. They can have a po sitive effect on development by creating jobs, encouraging business and providing vital infrastructure for remote communities such as roads, electricity, education and health. However, the presence of substantial