Exxon Valdez Oil Spill Paper

The company ExxonMobil offers an interesting insight into the inner workings of an oil company because not more than fourteen years ago they were two separate and very successful companies both sitting at the top of the industry. In the year 1980 the two companies bolstered sales revenue that towards the top of their industry. Exxon with 103 million dollars worth of revenue was by far the most dominant beating out the closest competitor, which was Royal Dutch by over thirty million dollars. Mobil Oil was not nearly as dominant in revenue but still bolstered a respectable with 59.5 million dollars worth of profit placing them in the upper half of the industry.1 As the 1980’s went on the oil industry began going through a bit of reconstruction in which efficiency and profit shot to the forefront of the minds of both oil executives and the companies stockholders. As stated by and executive of Exxon, “Exxon confirms its ‘intention to run a tight ship . . . and strive to become the low-cost operator in each area of our business’. Restructuring included the sale of Exxon Office Systems, Reliance Electric Co., and its New York headquarters, and the reorganization into fewer divisions, several of them

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

and return when their boat was filled with oil. The oil that they scooped out

Petroleum is the oil found underneath the Earth’s surfaces also known as crude oil. It is considered to be highly toxic as it is composed of many organic chemicals. In 1989 the Exxon Valdez tanker collided with Bligh Reef, which is off the coast of Bligh Island in Prince William Sound, Alaska. The collision resulted in over 11 million gallons of oil to spill into the ocean. It has been 27 years since the Exxon Valdez oil spill and it is important to understand what happened to cause the spill, the impact the oil spill had, the process used to clean up, and changes made to prevent future spill.

On March 24, 1989 there was an Exxon Valdez oil tanker accident off of Alaska. The oil tanker carried around 50 million gallons. Of those 50 million gallons, about 11 million were spilled. It was a devastating spill that covered more than 1200 miles of shoreline with oil. Due to the size of the spill, a lot of time and effort was used to clean up the oil. About 10,000 workers, 1000 boats, and 100airplanes/helicopters were involved in the cleanup.

The Exxon Valdez oil spill that took place on March 24, 1989, was responsible for an enormous amount of damage to the natural environment of Alaska. Animal life and plant life alike, were severely harmed from this disastrous spill. Being such a high-risk company, one would assume that the legal requirements surrounding the company policy were prioritized. Due to the scope of the disaster though, one may wonder just how strict the requirements were that governed the operations of Exxon. Even if there were rules in place, how well were they being followed by Exxon employees? What were the legal requirements that governed the operations of Exxon? Did the people responsible for this disaster consider these? In the following discussion, these are examined from a moral analysis point of view.

I think Social responsibility has a key role in establishing a company’s business model. When operating a business, a company must contemplate the social responsibility behind their business when making their business model. Where do their responsibilities lie, what fits with their business plan, and how much investment can they really declare to their shareholders, that

Both the Exxon and British Petroleum spills were tragic to the wildlife, environment, economy and local citizens. In each scenario, the disaster could have been avoided, thus the organizations had to change their views on how to operate in the future years. The following essay will describe Exxon’s organizational performance and change goals, as well as, a comparison between the Exxon and British Petroleum spills.

the port, it ran aground on Bligh reef. The bottom was ripped open, and 10.9

ExxonMobil is a United States based transnational oil and gas corporation. Founded on the 30th of November 1999 after the merger between Exxon and Mobil, reuniting the original breakup of standard oil company (Folsom Jr 1998). It is the world’s largest publicly traded oil and gas company by market value and as of 2016, the sixth largest in terms of revenue at $246 million per year (Decarlo 2016) . ExxonMobil’s oil and gas exploration stretches across six continents with

Exxon Mobil is the largest publicly traded international oil and gas corporation around the world. The headquarter of Exxon Mobil Corporation is in Irving, Texas and the company running their business in over 200 countries in the world.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company

A corporation is an artificial person and therefore cannot be socially responsible. The goal of the corporation is to maximize profits and returns as rewards to its shareholders for their risk taking while conforming to the basic rules of the society, such as law and ethical customer, except those organizations established for eleemosynary purpose.

Oil is the basis of industrial production and the necessity of economic development. Human life can not be separated from the oil. Mobil was found in 1882 and is the largest producer of oil, natural gas and oil refineries in the world (Mobil, 2014). Shell is made of the Royal oil of Holland and the United Kingdom Mobil, and is the largest producer of oil, gas, and petrochemicals, and is the largest retailer of automotive fuels and lubricants (Shell, 2015). As two world's largest oil companies, Mobil and Shell play key roles in different areas, especially in the area of corporate social responsibility, which contains extensive content referring to workers, customers, environment, and community. This essay will compare and evaluate corporate social responsibility of ExxonMobil and Shell in the criterion of safety, sustainability and education.

There were arguments that obligation of business is to maximize long term profit for shareholders in a sustainable way, while others call them to involve more to social responses. Each judgment has its own reasons which this research sought to analyze. Based on that, certain social obligations of business will be addressed with evidences, showing their necessary of being more responsible to social outcomes.