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The Dolph Briscoe Center for American History at the University of Texas at Austin, which houses the extensive ExxonMobil Historical Collection, is honored to publish the fifth volume of Exxon’s corporate history, which extends the history of Exxon and its predecessors to more than 125 years, the longest in-depth account of a private company in existence.
ExxonMobil’s history stretches from the time of kerosene lamps to the era of jet travel, from the days of finding oil by searching for surface indications to the days of 3-D seismic, which uses powerful computers to create images of oil deep underground. Its learning curve was particularly steep in the years covered by this book, 1973–2005, when the company adapted to new realities that confronted it at every turn.
ExxonMobil has remained among the most profitable concerns in the history of modern capitalism by showing flexibility when faced with the need to adapt to changing conditions. As the company responded to sweeping changes in global markets, its decisions reflected a deeply held corporate culture that rested on the key operating values of engineering efficiency and financial discipline. This extensively researched volume demonstrates how Exxon’s core values and management enabled the company to adapt and succeed during a period of dramatic changes for the energy industry. Pratt and Hale provide readers a historical perspective from inside one of the most powerful corporations in the world.
|Publisher:||University of Texas Press|
|Product dimensions:||6.40(w) x 9.30(h) x 1.50(d)|
About the Author
Joseph A. Pratt is Cullen Professor of History and Business at the University of Houston and the author of numerous books about the oil and gas industry.
William E. Hale is a former senior adviser in ExxonMobil’s Public Affairs Department.
Table of Contents
Oil and Exxon Mobil
Introduction: Transformation 1
From Exxon to ExxonMobil
Chapter 1 Downside Up 23
The Rise of Producer Power after 1973
Chapter 2 Under Siege 69
Political Challenges in Consuming Nations
Chapter 3 Colder And Deeper 111
The Search for Non-OPEC Oil and Gas
Chapter 4 Out of Oil 167
Diversification and Divestment in an Era of Oil Price Swings
Chapter 5 Revival 215
Organizational Innovations after the Oil Bust of 1986
Chapter 6 Exxon Valdez 260
Responding to Environmental Disasters
Chapter 7 New Frontiers 310
Beyond Traditional Political Risks
Chapter 8 Upgrading Downstream 362
Operational Excellence in Refining and Chemicals
Chapter 9 Megamerger 421
Integrating Exxon and Mobil
Epilogue: Transformation 477
From the Past to the Future
Appendix A The ExxonMobil Historical Collection at the Dolph Briscoe Center for American History 570
Appendix B Interviews 573
Appendix C ExxonMobil Directors and Officers, December 1975-June 2012 577
Appendix D ExxonMobil Operating Statistics, 1975-2009 594