Analysis of the Oil Industry Essay -- Oil Rockefeller Petroleum Busine

Analysis of the Oil IndustryI.The Oil IndustryThe oil industry can not be discussed without mentioning the name tush D. Rockefeller. Rockefeller changed the business of oil distribution. In the 19th century Rockefeller began his humble beginnings with a small investment, along with two other partners, in the oil refining business. in conclusion Rockefeller upset at the direction of the social club bought out his partners. He was now buying into refining and developing kerosene and other petroleum-based products. He later named this company The pattern Oil Company which by 1872 nearly owned all the oil refineries in Cleveland. In 1882, Rockefeller took all his holdings and merged them into the Standard Oil depose. by means of smart business practices and some deception, Rockefeller was able to control three-fourths of the petroleum industry by the 1900s. After his retirement the company faced problems. (Rockefeller archive) The U.S. government believed that the Standard Oil Trus t was a monopoly and ordered its breakup much like the process that is taking place today with Microsoft.With the government eventually breaking up the trust into thirty-eight companies, the world of petroleum products was about to change. Few companies could survive. They lacked focus and sustainability, basically they required a strategic plan. When first broken up the companies needed to sever from their Standard ties while remaining a brand name that people recognized. With so much competition one company had to find an bounds over the other. They needed to be the low-cost leader in the industry. Out of this struggle is where three of the biggest oil companies emerged. They are Exxon, Mobil and band. With the breakup of the Standard Oil Trust also ... ...y be left at the bottom as they are now.In conclusion, of the three, ExxonMobil is the dominant company but must look out for the development company, Chevron.BIBLIOGRAPHYBPs Corp., Official Home Page www.bp.com.BPs Corp. 199 9 Annual Report, BP Corporation, 1999.Chevrons Corp., Official Home Page www.chevron.com.Chevrons Corp. 1999 Annual Report, Chevron Corporation, 1999.ExxonMobils Corp., Official Home Page www.exxon.mobil.com.ExxonMobils Corp. 1999 Annual Report, ExxonMobil Corporation, 1999.Haddadin, Haitham. Stock Crash Reminds Pros of 1973-74 bear market U.S. Market News, March 1, 2001.Park, Christopher. S. Korea, Russia agree to strengthen oil, float cooperation U.S. Market News, Feb. 27,2001.Yahoo www.rockefeller.edu/archive.ctr/jdrsrbro.html(3-1-01)Yahoo www.leegallery.com/perjune.html (3-1-01)