Help to write my essay that evaluates oil companies

When asked to write an essay that evaluates oil companies, it is first best to understand the importance of petroleum in world economy. We all know that oil is a significant resource that powers industries, runs automobiles, and gives electricity to homes and offices. This is the reason oil has had a major impact in world economy.

Oil companies such as Exxon Mobil, Wal-Mart Stores, Royal Dutch Shell, and Chevron have collared a huge chunk of the market share not only in the United States but also worldwide. Some oil firms have even decided to merge and strengthen their position in the market. Prior to an increase in the market share of these oil firms, most of them were owned or operated by families.

When writing an essay that evaluates oil companies, it is important to bear in mind the tremendous improvement that the oil companies had over the years. In the 21st century, most oil companies have achieved a significant increase in their profits. As of 2010, sales of most of the world’s oil industry players netted more than $50 billion , the highest in the last twelve years.

According to Jerry Kepes, a partner at consultants PFC Energy, the major players in the industry have from $150 to $200 billion worth of assets to sell without affecting their current performance or long-term outlook. Accordingly, industry sales are being pushed by several factors, such as abundance of buyers, stable oil prices, and lack of manpower in developing and operating oil fields.

An essay writing that evaluates oil companies states that most industry experts and analysts believe that this trend of increasing revenues and profits would continue into the foreseeable future. In fact, a minority of analysts say that governments of some countries will try to implement windfall profits tax similar to the one enacted in the 1970s.