Exxon Mobil

Introduction

Exxon Mobil plans to venture into the electricity industry. Before implementing the venture, some factors need to be put into consideration. Risk assessment is equally important in this study. The economic analysis of the target states where Exxon Mobil plans to sell its electricity needs to be analyzed. It would be important to sample at least two countries where the electricity could be distributed. Due to the nature of electricity transmission, and given that the headquarters of Exxon Mobil is in Texas, the first state for transmission should be the United States of America. In addition, a developing country may also be put into plan to look at the viability of the project to both developing and the developed nations. The developing nations to be studied in this instance shall be Uganda.

SECTION ONE: Data Analysis

Economic Statistics; USA

The Gross National Product of the USA increased to 16585.10 USD Billion up from 16529.70 USD in the third quarter of 2015. The GNP has been on the rise since the last century. The Gross National Product averaged about 8035.99 USD Billion from 1955 to 2015 (TRADING, 2016). In fact, the growth rate reached its all-time high in the third quarter of 2015. The per capita income of the United States stands at 54,629.5 in 2015 up from 52580 the previous year. The latest data released by the US Home Department indicate that the average family income $53,657. That was back in 2014. The statistics for the year 2015 shall be released in mid-2016. This exhibited a 1.o4% increase from the previous year. In addition, it also portrayed a 0.93%increase in family income over the last three years[1]. This is an indication in the rise of standards of living with the growth and development of the United States economy (Murdock, Cline, Zey, Perez, & Jeanty, 2015). When looking at income distribution, disparities are noted in different reports and internet sources. Reports suggest that compiling statistics over a longer period of time will have drastic effects as compared to statistics compiled over a shorter period. Between 2009 and 2012, reports indicates that fifty seven percent of the households remained in one income quintile. The remaining forty two percent of the households indicated either an upward deviation or a downward trend in income generation. Statistics also indicate that in the four years between 2009 and 2012, about thirty-five percent of families experienced a spell of poverty that lasted between one month and two months. In the same period, a relatively low number of people experienced chronic poverty. In fact, only about 2.7% of the people experienced chronic poverty during the same period…


[1]                      http://www.deptofnumbers.com/income/us/

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