Utilitarianism, Rights Theory, and Justice

Utilitarianism, Rights Theory, and Justice

Introduction

This paper examines the problems of utilitarianism, rights theory and justice in three of the world's largest oil companies: Exxon Mobil, Amerada Hess and Marathon Oil. Oil has been an important factor in the dynamics of world politics and economics. Be a key driver of growth, oil is also one of the possible causes of conflict. This report assesses the world oil markets, the power behind the country with these nature reserves and the policy that is driving the market.

"When it comes to industries worldwide, the oil and gas industry is closer than any other to be truly universal. It is a billion-dollar business on a continental scale scene, populated by some of the largest and best-known companies - ExxonMobil, Shell, BP - and a multitude of small, occupying each of the many niches that many business areas1.

The oil market can also be viewed as homogeneous as the other. Oil is the most in the world market (coffee is the second). All the major integrated oil companies for products, shops, transport, trade, blends, and markets petroleum products throughout the world with all other companies and through large networks of outlets. Supply chains are crude oil production platforms and well heads, refining crude oil into a variety of basic supply of crude and refined products market in all regions, the secondary distribution of refined products to service stations and customers trade7. "

Effect of utilitarianism on Exxon Mobil

Exxon Mobil is one of the largest Fortune 500 companies by Fortune Magazine, 2006. Because of their size, I am interested in this company for my research paper on corporate social responsibility1.

Exxon Mobile has a rich history dating back to 1859. It all started when two drilled an oil well in Pennsylvania. In 1870, Rockefeller and his associates form the Standard Oil Company. Many businessmen, such as Thomas Edison and the Wright brothers began to rely on oil for their inventions. In 1926, Standard Oil Company has changed its name to Esso. In 1959, the company has developed a famous slogan "Put a tiger in your tank." In 1972 the company changed its name to Exxon Corporation1.

On March 24, 1989, the tanker Exxon Valdez ran aground in Prince Williams Sound, Alaska. This is a tragic accident that the company deeply regrets. It all started when the Valdez traveled to California, where it struck a coral reef. Consequently, this accident, significant quantities of oil began to seep into the water. According to the majority, the measures to contain the spill was slow. Accordingly, Exxon blame the media for not responding quickly enough to the crisis. Many species of wildlife, including birds, fish and other mammals have been killed due to slow reaction to the Exxon spill. The spill became increasingly llargest spill in U.S. waters. The company, unfortunately, had to pay an estimated $ 2.1 billion in cleaning up the spill2.

After the Exxon Valdez incident Mobil realized that something must be done if we are to shine in the ...