In less than a minute learn the key facts about ExxonMobil. To download the free executive management org chart with contact info, click here.
Transcript of Session –
Hey, folks. Let’s learn something new about the oil and gas industry, shall we?
I’m underground in Houston in the Tunnel system. If you know the gas industry, you know exactly what I’m talking about. And if you don’t know the oil and gas industry, you’ll probably be surprised that Houston is connected underground with a lot of tunnels from the major oil and gas companies.
So today, we’re going to do one minute profile and today’s company is going to be Exxon, so are you ready? One minute we’re going to cover everything you need to know about Exxon.
All right. Exxon is the largest of the super majors. It’s headquartered in Irving, Texas and has about $453 billion in revenue. It has over 82,000 employees and 72 billion barrels or equivalent under reserve. It’s ranked fourteenth in the world reserves and that’s important.
So the reserves is basically a size of the oil and gas company like assets is the size of the bank. Everybody beat up on Exxon, but they’re running out of places to drill in the world as the nationalized oil company are kicking them out. So, like I said they’re fourteenth in barrel under reserve.
Upstream is 70% of that revenues that drives the E&P mentality Exxon. And then their business culture really is just a big old ship; they are slow, they make smart decisions, but they’re a bit ponderous in making those decisions. If you do good business with Exxon, you’ll do business with them forever, but it will take you a while to get in the door over there.
And then finally, for our readers, we’re going to offer an org chart with contact information of their executive management team. If you’re watching this on YouTube, just go to www.modalpoint.wpengine.com and you’ll be able to download it for free.
I hope this helps. See you next time.