Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.

Abstract

In the mid-1980s, the global oil industry witnessed the rise of a new phenomenon called resource nationalism. Nationalisation of oil reserves resulted in restricted access to oil reserves for global oil majors. With oil-rich nations dictating tougher terms, Exxon Mobil, the largest oil company faced the biggest challenge, as under the leadership of its former Chief Executive Officer (CEO), Lee Raymond, the company was largely resented by national governments due to its tough negotiating stand. It is believed that to sustain its access to oil reserves across the globe, Exxon Mobil needs to negotiate with national governments employing tact and diplomacy, a skill that Rex Tillerson, the new CEO of Exxon Mobil, is known for.
Location:
Other setting(s):
March 2006

About

Abstract

In the mid-1980s, the global oil industry witnessed the rise of a new phenomenon called resource nationalism. Nationalisation of oil reserves resulted in restricted access to oil reserves for global oil majors. With oil-rich nations dictating tougher terms, Exxon Mobil, the largest oil company faced the biggest challenge, as under the leadership of its former Chief Executive Officer (CEO), Lee Raymond, the company was largely resented by national governments due to its tough negotiating stand. It is believed that to sustain its access to oil reserves across the globe, Exxon Mobil needs to negotiate with national governments employing tact and diplomacy, a skill that Rex Tillerson, the new CEO of Exxon Mobil, is known for.

Settings

Location:
Other setting(s):
March 2006

Related