Exxon Mobil

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Exxon Mobil

Exxon Mobil is listed as one of the world’s largest fortune 500 companies according to Fortune Magazine, 2006. Because of its size, I became interested in this company for my research paper on corporate social responsibility.

Exxon Mobile has a rich history that dates back to 1859. It all started when two individuals drilled an oil well in Pennsylvania. In 1870, Rockefeller and his associates formed the Standard Oil Company. Many businessmen, such as Thomas Edison and the Wright Brothers began to depend on oil for their inventions. In 1926, Standard Oil Company changed its name to Esso. In 1959, the company developed a famous slogan “put a tiger in your tank.” In 1972, the company changes its name to the Exxon Corporation (www.exxonmobil.com).

On March 24 1989, the tanker Exxon Valdez runs aground in Prince Williams sound, Alaska. This was a tragic accident that the company deeply regrets. It all began when the Valdez was traveling towards California when it hit a coral reef. As a result, of this accident, significant quantities of oil began to seep into the waters. According to most, the action to contain the spill was slow. As a result, the media blamed Exxon for not responding fast enough to the crises. Many of the wildlife including birds, fish and other mammals were kill...

... middle of paper ...

...spill, but they got past it, emerged as one of the worlds leadings oil and natural gas producers in the world. Hopefully, other companies will follow Exxon’s example and on how to overcome negative publicity and go on to becoming a leader in the industry that practices corporate social responsibility.

Bibliography

1.Corporate Citizenship Report. Virginia: Elizabeth Beauvais.

2.Goodpastor, Kenneth. Nash, Laura. de Bettignies, Henri-Claude. Business Ethics: policies and persons 4th edition. Mcgraw Hill Irwin Publishers. Pages 396-405

3.Nelson d.Schwartz. “Fortune” April 2006: Pages 78-88

4.Daniel Fischer. “Forbes” April 2006: Page 42

5. ExxonMobile.Com. http://www.exxonmobil.com/corporate/community

6. Dictionary.com. http://dictionary.referance.com/browse

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