Exxon mobil csr report 2013. Exxon Mobil Corp (XOM) SEC Annual Report (10 2022-11-07
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Competition can be a double-edged sword. On one hand, it can drive individuals and organizations to strive for excellence and push the limits of what is possible. On the other hand, it can also foster negative attitudes and behaviors, leading to unhealthy rivalry and even harm to oneself or others. Ultimately, whether competition is good or bad depends on how it is approached and managed.
In a positive light, competition can serve as a powerful motivator. It encourages people to set goals, work hard, and take risks in order to outperform their peers or rivals. This drive to succeed can lead to personal growth, increased productivity, and innovation. For example, in a business setting, competition among companies can lead to the development of new products and services, which ultimately benefits consumers. Similarly, in the education system, competition among students can motivate them to study harder and achieve higher grades.
However, there are also potential downsides to competition. It can create pressure and stress, leading to a focus on winning at all costs rather than on personal or collective growth. This can result in unhealthy behaviors such as cheating, sabotage, or even physical harm. Competition can also foster a sense of individualism, leading people to prioritize their own success over the well-being of others or the common good. This can create a cutthroat environment that is detrimental to both individuals and organizations.
Furthermore, competition can have negative impacts on those who are not as successful. Those who consistently come in second place or do not perform as well as their peers may feel discouraged or demotivated. This can lead to a lack of confidence and self-esteem, which can have lasting effects on an individual's well-being and future opportunities.
In conclusion, competition can be both good and bad, depending on how it is approached and managed. While it can serve as a powerful motivator and drive innovation and excellence, it can also have negative consequences if it is not approached in a healthy and balanced manner. It is important to recognize the potential downsides of competition and to strive for a more collaborative and inclusive approach to achieving success.
Sustainability Reporting
In general, these license and lease agreements are held as long as there is production on the licenses and leases. The Corporation's accounting and financial reporting fairly reflect its straightforward business model involving the extracting, manufacturing and marketing of hydrocarbons and hydrocarbon-based products. Health The company believes that good health is keystone of improvement in poverty, progress in society and economic development. The Corporation's overall volume capacity outlook, based on projects coming on stream as anticipated, is for production capacity to grow over the period 2014-2018. ExxonMobil share reflects 100percent of atmospheric distillation capacity in operations of ExxonMobil and majority-owned subsidiaries. Submitted By priodarshi Words 1634 Pages 7 Corporate Social Responsibility in the Oil and Gas Industry Corporate social responsibility is the concept that has been increasingly used in present day business rhetoric. Furthermore, in the micro-sphere, the company ranks in the top tier engaging in social projects and taking care of its employees.
It is to be mentioned that the arts and cultural organization comprises of festivals, museums along with performing arts, and historical links which encourages culture of local areas. Regarding the settlement of matters between the Louisiana Department of Environmental Quality LDEQ and ExxonMobil Refining and Supply Company and ExxonMobil Chemical Company, both divisions of the Corporation, involving ExxonMobil facilities in Baton Rouge, Louisiana, last reported in the Corporation's Form 10-Q for the third quarter of 2013, during the fourth quarter of 2013, the public comment period on the proposed settlement ended, and the Louisiana Attorney General issued his concurrence with regard to the settlement terms. In some instances, the Corporation may elect to relinquish acreage in advance of the contractual expiration date if the evaluation process is complete and there is not a business basis for extension. For companies owned 50 percent or less, capacity is ExxonMobil's interest. Hence, its climate change strategy was clearly reactive as it dismissed Kyoto as an unrealistic alternative, and Exxon-Mobil did not establish explicit GHG emission reduction targets.
Corporate Social Responsibility Initiatives at Exxonmobil: The Good, the Bad and the Ugly
A total of 29. All statements other than historical information incorporated in this Item7A are forward-looking statements. Thailand The Petroleum Act of 1971 allows production under ExxonMobil's concession for 30 years with a ten-year extension at terms generally prevalent at the time. The three signature initiatives of the company are education related to math and science, malaria along with the promotion of women as mediums for the development of economy. On the non-operated Block 17, work continued on the Cravo-Lirio-Orquidea-Violeta project. The terms and conditions of the permits, including relinquishment obligations, are specified in a negotiated convention.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 31 Item9A. The main reason why the companies today try to behave, or at least try be seen as behaving more responsible, is that such behavior is favorable to their financial success. That's what we've done throughout our history. Our annual report on Form10-K, quarterly reports on Form10-Q, current reports on Form 8-K and any amendments to those reports filed or furnished pursuant to Section13 a of the Securities Exchange Act of 1934 are made available through our website as soon as reasonably practical after we electronically file or furnish the reports to the Securities and Exchange Commission. Corporate social responsibility also called corporate conscience, co-operate citizenship, social performance or sustainable responsible for a business to focus on the moral judgments and behavior of individuals and groups with the organizations. The Kipper Tuna and Turrum projects started up during 2013.
Singapore is now ExxonMobil's largest integrated petrochemical complex. Lack of legal certainty exposes our operations to increased risk of adverse or unpredictable actions by government officials, and also makes it more difficult for us to enforce our contracts. Papua New Guinea Exploration and production activities are governed by the Oil and Gas Act. Natural gas is a versatile fuel, suitable for a wide variety of applications, and is expected to be the fastest growing major fuel source through 2040. Journal of business ethics,122 1 , pp. A total of 120. Key components of the reserves estimation process include technical evaluations and analysis of well and field performance and a rigorous peer review.
Production from the initial development began in April 2013 and production ramp-up continued throughout the remainder of the year. Его основная цель — обучение работе с оригинальной литературой по специальности, что достигается путём создания прочного навыка письменного и устного перевода с английского языка на русский. The Anthropology of Corporate Social Responsibility,18, p. The strategies of CSR support the company to make a positive influence on the surroundings and stakeholders which includes clients, staffs, shareholders and others. · The section entitled "Election of Directors"; · The portion entitled "Section 16 a Beneficial Ownership Reporting Compliance" of the section entitled "Director and Executive Officer Stock Ownership"; · The portions entitled "Director Qualifications" and "Code of Ethics and Business Conduct" of the section entitled "Corporate Governance"; and · The "Audit Committee" portion and the membership table of the portion entitled "Board Meetings and Committees; Annual Meeting Attendance" of the section entitled "Corporate Governance". America Europe Africa Asia Oceania Total During 2013 dollars per unit Consolidated Subsidiaries Average production prices Crude oil, per barrel 93.
Summary of Oil and Gas Reserves at Year-End 2013 The table below summarizes the oil-equivalent proved reserves in each geographic area and by product type for consolidated subsidiaries and equity companies. FUNCTIONAL EARNINGS 2013 2012 2011 millionsofdollars,exceptpershareamounts Earnings U. Russia Terms for ExxonMobil's Sakhalin acreage are fixed by the production sharing agreement PSA that became effective in 1996 between the Russian government and the Sakhalin-1 consortium, of which ExxonMobil is the operator. Development activities focused on the Bakken oil play in North Dakota and Montana, the San Joaquin Basin of California, the Woodford and Caney Shales in the Ardmore, Marietta and Arkoma basins of Oklahoma, the Permian Basin of West Texas and New Mexico, the Marcellus Shale of Pennsylvania and West Virginia, the Haynesville Shale of Texas and Louisiana, the Barnett Shale of North Texas, and the Fayetteville Shale of Arkansas. The company is occupied with the production, shipping and dealing of crude oil and natural gas as well as the manufacture, shipping and trading of petroleum products.
He was Executive Vice President, XTO Energy Inc. It is social responsibility effort to contribute to the development of its host community, the observation as been that theses organization Exxonmobil are not mostly concern, even when their operations negatively attract their host community. Licenses issued after July 1, 1997, have an initial period of up to ten years and a normal extension period of up to 30 years or in special cases of up to 50 years, and with relinquishment of at least one-half of the original area required at the end of the initial period. If our systems for protecting against cybersecurity risks prove not to be sufficient, ExxonMobil could be adversely affected such as by having its business systems compromised, its proprietary information altered, lost or stolen, or its business operations disrupted. The project consists of conditioning facilities in the southern PNG Highlands, a 6. The company is occupied with the production, shipping and dealing of crude oil and natural gas as well as the manufacture, shipping and trading of petroleum products.
