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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.
Everything Exxon Mobil does is aimed at increasing the productivity of its assets and employees. Exxon Mobil's stakeholder groups that are affected by their operations include employees, governments, energy consumers, suppliers, shareholders, the surrounding areas and communities its oil industries invade. Shareholders reject resolutions aimed at fighting global warming and promoting renewable energy, but their company is constantly paying billions of dollars in fines, thus losing them money. Exxon finds itself in countless positions of having fines imposed by juries because of misconduct in their respective communities. Negligence in its operations has caused the stakeholders it deals with to institute class action breaches of contracts; from Exxon private gasoline dealers to land owners that have had there land contaminated. .
Environmental Challenges.
On March 24, 1989, the Exxon Valdez, while traveling outside of normal traffic lanes, ran aground on Bligh Reef in Prince William Sound, spilling 11.2 million gallons (or 257,000 barrels) of North Slope crude oil. The master of the ship, Joseph Hazelwood, was drinking prior to the departure of the Exxon Valdez. Hazelwood ordered Cousins, the third mate, to pilot the ship even though he was not certified for the sound. They also took an alternate route outside the shipping lanes to avoid ice. .
After these orders, Hazelwood retired below decks instead of staying on the bridge as required. Kagan, the helmsman, improperly set the rudder angle and was not supervised by Cousins. As a result, they ended up on Bligh Reef.
The subsequent cleanup attempts by the designated agencies and Exxon were unsuccessful largely because the agency, Exxon, and local authorities argued about the methods of cleanup until a storm had spread the oil over a huge area.
