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석유 메이저의 생산 운영 계획 및 미래 전략과 정책적 함의A Review on the Operation Plan and Future Strategy of an Oil Major: Lessons from ExxonMobil’s

Other Titles
A Review on the Operation Plan and Future Strategy of an Oil Major: Lessons from ExxonMobil’s
Authors
김종연Kim, Jinsoo
Issue Date
Dec-2019
Publisher
한국자원공학회
Keywords
Oil industry; ExxonMobil; Portfolio; Integrated operating system; Value chain; 석유산업; 엑손모빌; 포트폴리오; 통합운영체계; 가치사슬
Citation
한국자원공학회지, v.57, no.3, pp 286 - 294
Pages
9
Indexed
KCI
Journal Title
한국자원공학회지
Volume
57
Number
3
Start Page
286
End Page
294
URI
https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/146454
ISSN
2288-0291
2288-2790
Abstract
The oil exploration and production industry is a representative high-risk high-return business and large-scale companies with vertical and horizontal integration systems like ExxonMobil are at an advantageous position. This study investigates the operation plan and future strategy of ExxonMobil to benchmark Korea's overseas development strategy. ExxonMobil is currently focusing on creating a sustainable growth base by forming a diverse portfolio in the upstream and providing customers with optimized, differentiated products in the downstream. Its strong points according to the results of a SWOT analysis included abundant reserves and an integrated operating system, while its weak points include net working capital deficit. It manages critical indicators in production, returns, and sustainability, establishing an efficient value chain to achieve its goals. It also has the highest technical skills and quality control capabilities. Unlike other major oil companies, ExxonMobil has enhanced its core competence and developed the petrochemical sector, creating synergy.
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Kim, Jinsoo
COLLEGE OF ENGINEERING (DEPARTMENT OF EARTH RESOURCES AND ENVIRONMENTAL ENGINEERING)
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