Free Ebook Private Empire: ExxonMobil and American Power
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Private Empire: ExxonMobil and American Power
Free Ebook Private Empire: ExxonMobil and American Power
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Product details
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Audible Audiobook
Listening Length: 24 hours and 16 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Penguin Audio
Audible.com Release Date: May 1, 2012
Whispersync for Voice: Ready
Language: English, English
ASIN: B007Z96FBM
Amazon Best Sellers Rank:
Private Empire provides a very interesting view behind the scene of the world's biggest oil company across the decades. It shows the good, the bad and the ugly of the firm and it's leaders against the backdrop of historical events in the (oil) world. Exxon provided and provides great wealth for shareholders, employees and host countries, but also was and partly is silent where host countries commit atrocities, don't respect human rights or misuse the wealth Exxon helps them to extract from oil. The understandable reasoning is that this is not the job of a company. Still, this leads to some bitter outcomes. The book provides for fascinating reading. The only thing missing is a deeper understanding of the motivations of the key players, the CEO's of Exxon. They come off as rather one-dimensional, which may well be true and certainly results from describing the actions of the players through the eyes of an independent observer, but some colour provided by the CEO's would have made the book even more interesting. Still, this is a great book.
I always enjoy reading anything by Steve Coll, and this book was no different. His ability to provide context, backstory, and behind-the-scenes details is on par or surpasses any other writer of current events today.What I especially appreciated about this title was Coll's ability to provide both sides of the story, so that it is not just another attack on "Big Oil", but also gives credit to ExxonMobil in the areas where it surpasses its competitors in the quality of its operations (especially with regards to worker safety), and the reasoning behind some of their faults (such as Lee Raymond's refusal to acknowledge climate change arguments).The book is in no way a puff piece for ExxonMobil, and actually concludes with a rather dire outlook on the future of its operations; but it is a fair and balanced history of one of the most successful--and reviled--companies in the world. Overall a great and informative read.
A great book on several different levels. An in-depth look at a huge energy company that is well-written, interesting, and seems to be a fairly objective narrative about a company that the average person knows little about. The book starts with the Exxon Valdez disaster in 1989, so if you are looking for a complete company history, you will have to look elsewhere, but there are several avenues for that information if you are so inclined. I read books on history, economics, business and the like constantly, as this is an area of great interest for me, so I was already well-versed in the company's earlier history. Some have criticized the book as being too detailed, but I didn't get that feeling, to me it was simply a well-researched book with a lot of depth. You really get a good look at the current CEO, Rex Tillerson, and the former CEO, Lee (Iron Ass) Raymond, and by gaining a better understanding of them, you also get a better idea of how and why ExxonMobil has evolved into the company it is today. This is also a great look at the oil industry in general, since ExxonMobil is an integrated super-major oil company, meaning that it encompasses both upstream (oil exploration and production) and downstream (refining, marketing, and retail) components, along with a huge chemicals division. Coll does an excellent job of putting a human face on what at first glance would seem to be just another huge, shadowy corporation. There is a lot of information here, but it is presented in an interesting and highly readable format, you don't feel like you are being force-fed dry factoids. This is the second book I've read by Steve Coll, "The Bin Ladens" was also very good, it was an interesting read, especially about the family business. Anyway, I truly enjoyed Private Empire, and I recommend it highly.
The book divides into Exxon under Lee Raymond and Exxon under Ray Tillerson, with the characters of the two CEOs compared and contrasted. The culture of Exxon is documented carefully in the book.The book takes you on a geographical journey to lands where Exxon finds oil - Aceh, Indonesia, Nigeria, Equatorial Guinea, Iraq, Russia and more. There are some lighter moments, for example when Equatorial Guinea wants to open a US bank account. There are also deadly serious decisions in Iraq.Thorough research makes the book most informative and enjoyable. For climate change activists, skeptics and scientists, the book is peppered with insights into Exxon's strategies and research. You may not agree with the author's comments on Peak Oil, but his arguments are generally well thought out.This is a terrific read and provides insights into the oil industry. With current low oil prices, the book needs another edition!
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