Gas Prices Exxon Mobil Exxon Term Paper

" As far as economic conditions are concerned, as part of the company's strategy it is committed to aiding people with the social and economic problems that they face (Environment and Society). This is known as the community investment strategy. This strategy encompasses human rights, education, and enterprise development (Environment and Society).

BP's management is also concerned with decreasing dependence on oil and has created various initiatives to create new sources of energy.

Shell

Shell has also experienced a great deal of profit as a result of oil prices. An article reports that "Excluding a non-operating gain of $113 million, the result was $5.975 billion, ahead of an average forecast of $5.56 billion in a Reuters poll of seven analysts. "These are good, solid underlying results and better than we have expected," Peter Hutton at van Lanschot Bankiers said. "But it is still not delivering the same amount to investors, compared with BP (Soaring Oil Swells Shell Profits)." The company's management is also dedicated to sustainable development and addressing social and economic issues in the world. The company explains that For Shell, 2005 was a year of recovery. Soaring global demand for oil and gas meant high prices and record profits. We continued to put most of our profits back into our business. We have more than doubled our investment level since 2002 to help meet growing demand for energy, diversify oil and gas supplies, reduce environmental impacts of fossil fuels and develop alternatives. Last year, I saw the real willingness of Shell people to listen, to learn, and to work with stakeholders, sometimes in very challenging conditions (Chief Executive's introduction)."

References

BP profits rise on high oil. April 25, 2006. Reuters. Retrieved May 23 at http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-04-25T081534Z_01_WLA9431_RTRUKOC_0_UK-ENERGY-BP.xml

Chief Executive's introduction. Official Shell Website. Retrieved May 23 at http://www.shell.com/home/Framework?siteId=envandsoc-en&FC2=/envandsoc-en/html/iwgen/leftnavs/zzz_lhn3_0_0.html&FC3=/envandsoc-en/html/iwgen/introduction_chief_executive/intro_chief_executive_16032006.html

Corporate Citizenship. Retrieved May 23 at http://exxonmobil.com/Corporate/Citizenship/citizenship.asp

Environment and Society. Official BP Website. Retrieved May 23 at http://www.bp.com/subsection.do?categoryId=4534&contentId=7014436

Exxon Mobil profits disappoint. Retrieved May 23 at http://news.bbc.co.uk/1/hi/business/4951254.stm

Soaring Oil Swells Shell Profits. Retrieved May 23 at http://edition.cnn.com/2006/Business/05/04/shell.profits.reut