With consistent, accurate monitoring of the condition of your oil — whether in an engine, gearbox, circulating system or mainline power generation turbine — an oil analysis program can help you improve your bottom line with less lubricant to purchase, fewer parts to keep in inventory, less used lubricant requiring disposal, less labor and less downtime. Using one of LE's oil analysis programs enables you to be more efficient with your use of lubricants and reliability tools.
What unique resources can you draw on? What do others see as your strengths? Weaknesses What could you improve? Where do you have fewer resources than others?
What are others likely to see as weaknesses? What trends could you take advantage of? How can you turn your strengths into opportunities? Threats What threats could harm you? What is your competition doing? What threats do your weaknesses expose you to?
Markets opening up Swot analysis lubricant supply Liquified Natural Gas Arctic drilling becoming safe and feasible New technology opens up potential for new developments Environmental damage from accidents Instability in Middle East countries Strengths Vertical Integration: From resource exploration, production, refining, and byproduct manufacturing, Exxon has vertical integration in the oil and gas industry.
This allows the company to diversify investments in order to maintain high profits from multiple areas of the industry. ExxonMobil has consistently invested resources in research and development in order to continue to be a leader in Swot analysis lubricant oil and gas industry.
The company has put over a billion dollars for the past five years towards research on new products and techniques to bring new revenue to the company. Because of this, the company is able sell high volumes of products in developed and growing markets on multiple continents.
This allows the company to maintain high levels of profit. Weaknesses Increasing Production Costs: Despite high oil prices for most of the past few years, Exxon has not been able to make as high of profits due to the increase in production costs.
As conventional oil discoveries are developed, oil companies are having to look to unconventional oil such as tar sands and shale oil.
This oil has much higher production costs and without adjustments could continue to lead to lower profits.
Even though the Exxon Valdez oil spill occurred over twenty-five years ago, the negative publicity that ExxonMobil received because of it still remains. This event and other oil spills have caused oil companies including Exxon to take extra measures to avoid spills in the first place, and to respond to spills quicker.
As developing countries find an increasing need for inexpensive and reliable resources for electricity and heating, many are turning to Liquefied Natural Gas LNG. Exxon realizes the growing demand for LNG and has started to invest in projects that will meet this demand.
If the company is successful in these projects, it will have steady streams of revenue for years to come. Though not actively drilling in offshore arctic areas, ExxonMobil is committed to study the Arctic to find ways to safely produce oil there. Exxon has spent multiple years studying the environment, wildlife, and oil spill response in the Arctic and plans on spending even more time and money to study the Arctic.
As more knowledge is gained about drilling in the Arctic, Exxon will soon be able to start drilling safely. New exploration technology has revealed new oil reserves that have not been developed.
Even though a large portion of the oil and gas is in unstable areas such as the Middle East it provides a potential opportunity for Exxon if they can obtain access to the reserves.
These investments to not eliminate the threat though as environmental groups keep a close eye on the oil and gas industry. Even the smallest accidents can lead to major environmental damage that can ultimately lead to negative public perception of Exxon and a loss in profits.
Though ExxonMobil was able to make a profit in the fourth quarter ofif low prices are to continue for the long-term, Exxon may have to adjust its operations. As the cost of production becomes more expense for unconventional oil, higher prices are needed in order to maintain oil profits.
Tension seems to be constant in one of the most oil rich areas of the world and is likely to stay this way for at least the near future.
With the rise of the Islamic State, persistent conflicts between Palestine and Israel, and the possibility of Iran obtaining nuclear weapons instability in the Middle East will likely remain high.
Though ExxonMobil has maintained operations in the region for many years, as it becomes more unstable and hostile, the risk of losing access to valuable oil reserves is great.Strengths, Weaknesses, Opportunities and Threats in Energy Research Methodology A common methodology 1 has been applied to the different key technology areas to be covered by the study, in order to conduct a sound and consistent analysis and to draw up a .
This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film. “The market these days seems to follow oil, with gold trading the opposite way,” explains ABN Amro analyst Georgette Boele.
On a similar note, a silent gold rush has emerged among world oil producers, writes Bloomberg. SWOT Analysis. Strengths. Carbon Dioxide Enhanced Oil Recovery Methods (CO2 EOR) CO2 EOR is one of the most efficient oil recovery methods for producing crude oil.
The brandguide table above concludes the Petronas SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.
Global Virgin Coconut Oil Market Overview. Coconut is a widespread plantation and is grown in more than 80 countries. The world production of coconut has been estimated to be around 55 million tons.
in a . Aug 29, · SWOT analysis is a handful tool for any company understands the market and the competitors in the best possible manner. This analysis could be done by the new entrants and the existing giants as well. Strength of BP: It is one of the leading company in the world having operation in more than 80 countries.