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

Analysis of the crude IndustryI.The Oil IndustryThe anoint industry can not be discussed with proscribed mentioning the have-to doe with John D. Rockefeller. Rockefeller changed the business of oil distribution. In the 19th century Rockefeller began his disgrace beginnings with a sm on the whole investment, along with two otherwise partners, in the oil refining business. Eventually Rockefeller upset at the direction of the company bought out his partners. He was now buying into refining and developing kerosene and other petroleum-based products. He later related this company The banal 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 practice. Through smart business practices and virtually deception, Rockefeller was able to control three-fourths of the petroleum industry by the 1900s. by and by his retirement the company faced problems. (Rockefeller archive) The U.S. g overnment believed that the Standard Oil Trust was a monopoly and ordered its breakup much like the process that is pickings place today with Microsoft.With the government eventually breaking up the reliance into thirty-eight companies, the world of petroleum products was about to change. Few companies could survive. They lacked focus and sustainability, essentially they compulsory 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 husking an edge 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 Chevron. With the breakup of the Standard Oil Trust also ... ...y be left at the diffuse as they are now.In conclusion, of the three, ExxonMobil is the dominant company but essential look out for the growing company, Chevron.BI BLIOGRAPHYBPs Corp., Official abode rascal www.bp.com.BPs Corp. 1999 Annual Report, BP Corporation, 1999.Chevrons Corp., Official Home rascal 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 food market U.S. Market News, March 1, 2001.Park, Christopher. S. Korea, Russia agree to strengthen oil, gas 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)