Company Analysis Vacuum Oil Company - 1243 Words

History In 1966, Vacuum Oil Company, which was founded in 1866, changed its name to Mobil Oil Corporation and began an extensive advertising campaign to accentuate the name â€Å"Mobil.† In 1972, the company previously known as Jersey Standard, which was one of the companies established in 1911 as a result of the US Supreme Court decision to break up Standard Oil Company into 34 unrelated companies, changed its name to Exxon Corporation during a shareholders’ meeting (ExxonMobil). The Merger of Exxon and Mobil Recognizing the need for a large presence in other regions with high potential for gas and oil discoveries, in an effort to become more effective in the global gas and oil competition, Exxon and Mobil merged to form Exxon Mobil Corporation, on November 30, 1999. Under the contract, Mobil would become a wholly owned subsidiary of ExxonMobil and Exxon would hold 100 percent of Mobil’s voting securities. Common stock holders of Mobil would receive 1.32015 shares of Exxon common stock for each share of Mobil common stock. As a result of efficiencies of scale, sharing best management practices, and cost savings, management realized that the merged company could more profitably use its capital than either company on its own. Exxon and Mobil were each very compatible in key areas. For example, as it related to exploration and production, both the strength of Mobil and Exxon in West Africa, South America, North America, Russia coincided with minimal redundancy. InShow MoreRelatedProduction Of An Atmospheric Crude Residue From Kirkuk Crude Oil, And High Pressure Trickle Bed Reactor1354 Words   |  6 Pages2. Experimental Work 2.1 Feedstock (Reduced Crude Oil) The feedstock used in this study is an atmospheric crude residue (RCR) derived from Kirkuk crude oil as a crude model. It was obtained from the North Refineries Company in Iraq. The physical properties of feedstock are illustrated in Table 1, which are tested in North Refineries Company laboratories. 2.2 Hydrogen Gas Hydrogen gas, 99.999% purity, has been used for hydrotreating (HDT) and hydrocracking (HDC) of (RCR). 2.3 Catalyst Read MoreCommercializing the Kunst 1601659 Words   |  3 PagesCommercializing The Kunst 1600 Dry Piston Vacuum Pump What are the major, quantifiable value and price elements associated with the Kunst 1600? * No oil change required in the Kunst 1600, which saves time and money. Oil change cost = cost of oil + labor + towel + soap + disposal Oil change cost = 8+15+0.5+0.15+1.25 = $24.9 * Kunst 1600 has a life of 6 years; 2.5 times longer than traditional pumps. So it reduces replacement costs. * As Kunst 1600 is made from aluminum, it isRead MoreIndian Oil Industry Is The Backbone Of A Modern Economy1017 Words   |  5 PagesThe oil refining industry is the backbone of a modern economy (Senevirante, 2006). Refined petroleum product remain fundamental to our economic life – in everybody’s daily life and economic activities of a nation (Wauquier and Favennec, 2001) ranging from domestic cooking to transportation, employment, etc. In terms of the refining capacity India ranks eighth in the world (U.S. EIA 2009). The private sector owns about 38% of total capacity while the public sector owns the rest. End of 2013, IndiaRead MoreThe Companys Chemical Plant1776 Words   |  8 PagesIntroduction Company Description The largest, publicly traded oil and gas company internationally, is ExxonMobil (â€Å"About us,† 2014). ExxonMobil is an industry leader in the inventory of global oil and gas resources (â€Å"About us,† 2014). The company’s chemical plant ranks amongst the world’s largest in the industry, and ExxonMobil is the world’s largest marketer and refining producer of petroleum products in the world (â€Å"About us,† 2014). The company prides itself on its research and developmentRead MoreFinancial Statement Analysis : Business Model Of The Neo Valves1173 Words   |  5 PagesINTRODUCTION Financial statement analysis is an evaluative method of determine the past, current and projected performance of a company. It is helps to understand the risk and profitability of a company by analyzing annual and quarterly reports. When we observe the financial statements comprising the balance sheet and profit and loss account is that they fail to reveal all the information related to financial operation of an organization. It will provide a summarized view of the organization. ThereforeRead MoreExploration Of Oil And Gas Resources Essay1715 Words   |  7 PagesIntroduction With the continued depletion of conventional oil and gas resources, the oil industry is now more than ever faced with exploration of unconventional and challenging oil and gas reserves. 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Launched in 2004 to preserve, developRead MorePestle Analysis On The Environment1259 Words   |  6 PagesPESTLE ANALYSIS Pestle analysis which sometimes is also referred to as PEST analysis is used as a tool by companies to track the environment they are operating in. It gives a bird eye view of the whole environment from the many different angles one wants to check and keep a track of while contemplating on a certain idea or a plan POLITICAL: Guwhati tea factory had to be shut down due to threat and extortion ECONOMIC: There has been a hike in oil rates yet HUL maintains its profits and pricing powerRead MoreCooling Rate of Water1252 Words   |  6 Pagesrestaurant after cooking. The high risk temperature for bacteria growth is between 5 and 60 degrees. However putting hot food into your fridge before this point can cause food poisoning especially in deep containers, which is why it is vital that food companies and chiefs are aware of how longer a food, takes to cool down from an approximate temperature. Obviously an exact value is impossible because of varying variables e.g. room temperature, depth of container etc. However by applying newton’s laws youRead MoreNegotiation, And Negotiation With All Extremists Groups In Syria1213 Words   |  5 Pagesinvolved, and follow the UN peacekeeping mission in Syria. It can achieve by using the money from the UN peace budget, and collecting funds for the peace and reconstruction of Syria from the rich Arab countries. Furthermore, exploiti ng its untouched oil reserve in order to rebuild the country after the war. The foreign offices of all the coalition countries need to negotiate with the heads of Arab states and regional actors in order to create a peace counsel to negotiate with all opposition parties