also better be on the look out for the new merger of Chevron-Texaco. If they are not careful they could be left on the side fighting for market share.IX.ConclusionToday the world is entering a period of economic adjustment and the oil industry is contributing to that. Oil prices are higher today then they have been in a long time. It has been said in the past that oil prices are tied to the economy. Does that mean that the three companies ExxonMobil, BP, and Chevron are in trouble? No they will all continue to survive. This adjustment occurs all the time and the oil industry will go on its business. In fact this will help the oil industry grow with their search around the world for new markets and new supplies. ExxonMobil has put itself in the best place to grow and prosper in the years to come. You must remember that this merger is only two years old and yet they are growing at an outstanding rate. The world has never seen the numbers that they have achieved. They have developed some of the most useful technologies and are clearly showing no sign of backing down. Today companies copy ExxonMobil’s strategic plan the time. ExxonMobil has the best market share, the biggest revenue and by far the most profits. They clearly are the standard of the oil industry.BP on the other hand has got to start developing a new strategic plan to stay competitive. They have not shown the know how to beat ExxonMobil. If they do not change they will become stuck in the middle.Chevron is opening up a whole New World right now. Nobody knows where Chevron could go. They are entering a phase that ExxonMobil was in a few years ago. They too could end up pulling off the same success as ExxonMobil. But if they come out of this new merger with out a strategy to become the best then they will surely 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 growing company, Chevron....
