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An Ethical Assessment of ExxonMobil

In 1998, Exxon and Mobil signed a definitive agreement to merge and formed a new company called Exxon Mobil Corporation making it the largest private oil company in the world ahead of Shell. Lee R. Raymond is the Chairman and Chief Executive Officer of Exxon Mobil Corporation. Exxon Mobile conducts business in almost 200 countries. They are one of the largest corporations in the world employing over 100,000 people world wide. Exxon Mobile considers themselves a worldwide energy industrial leader. In terms of what type of products they produce, the first thing you think of is gas or petroleum. The brands that are more recognizable are Mobile gas stations, Exxon gas stations, Esso gas stations, Mobile 1 oil, and Speedpass; but Exxon Mobil Chemical is one of the largest worldwide petrochemical companies. Some of the products are olefins, aromatics, fluids, synthetic rubber, polyethylene, and polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, additives for fuels and lubricants, zeolite catalysts and other petrochemical products. They have oil refineries and industrial sites where they are allowed a certain amount of time to drill and pump c


Overall, because ExxonMobil seems to be unethical about paying up on damages and respecting the responsibilities they hold to the communities they affect. Their charitable contributions amount to such a small percentage of their income. Their legal battles also cost their shareholders by lowering the value of their shares. We would give ExxonMobil a D on their financial status.

Exxon claims that “Our Global Energy Management System (GEMS) is bringing a systematic approach to reduce energy use, environmental emissions, and operating costs. It has so far identified 15 percent further energy efficiencies,” And “Between 1973 and 1998, energy efficiency in our refinery and chemical plants has improved by more than 35 percent in large part through the more efficient production of electricity.” In actuality, government agencies and environmental activists have found that ExxonMobil will do everything possible to prevent further emissions legislation. They often contribute large amounts of money to politicians’ campaigns, and to researchers who try to prove the fallacy of the global warming theory.

ExxonMobil has been so unethical in the area of the environment that it is hard to find a place to start. Our first recommendation is that they immediately pay for damages from the oil spill. In the future, they need periodical reviews of ships’ officers and crew, and better contingency plans for emergencies.

One of Exxon Mobile’s largest competitors, British Petroleum, agreed to take over US Amoco before the Exxon acquisition of Mobile. The two corporations battle for market share and investors dollars.

In July 2001, the International Labor Rights Fund (ILRF), an organization in Washington that represents workers in other countries, brought a lawsuit on behalf of eleven villagers in Aceh. This suit contends that ExxonMobil actively supported the human rights abuses in Aceh by assigning the Indonesian army to protect their operations. The ILRF plan argues that the company is liable under the Alien Tort Claims Act, which permits foreigners to bring prosecutions for crimes committed outside the U.S, and the Torture Victim Protection Act for massive crimes of torture, murder, imprisonment, and sexual abuse by the Indonesian army assigned to protect Exxon’s operations. It is also alleged that Exxon provided the Indonesian military with the equipment that was used by the military to dig mass graves, as well as building interrogation and torture dwellings.

They need to take a closer look at global warming and support efforts to find ways to limit greenhouse gasses instead of blocking these measures. Also, they need to take a proactive approach to bettering the environment. They need to contribute to large environmental projects instead of token offerings for publicity. We feel that 15% of earnings would be appropriate.

Some topics in this essay:
Exxon Mobile, Killer Whales, Performance Exxon’s, Exxon Valdez, Aceh Movement, Exxon Mobil’s, System GEMS, Fadel Gheit, Recommendations ExxonMobil, Mobil Chemical, human rights, exxon mobile, indonesian military, exxon mobil, human rights abuses, exxon valdez, rights abuses, aceh movement, global warming, gas stations, free aceh, free aceh movement, exxon valdez oil, “the conduct business, exxon mobil corporation,

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Approximate Word count = 2905
Approximate Pages = 12 (250 words per page double spaced)


  

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