First you need to go to
ExxonMobils investor relations page that can be found here. https://investor.exxonmobil.com/
Then
take a look at their Quarterly Earnings and Annual Report that are found at the
link. By examining these two documents make a judgment as to what
opportunities this firm has to exercise market power. Think about what we
learned about various types of industry pure competition, oligopolistic
competition and so on make a judgment as to where this company fits between
pure competition and pure monopoly and justify your assessment by explain
whether and if so what type of market power the firm has.
Now go to investor relations for Continental Resources out of
Oklahoma City. Their investor relations website can be found here https://www.clr.com/# . You can find their SEC filings here … https://www.sec.gov/edgar/browse/?CIK=732834
.
After doing this take a look at their quarterly data and
information about their operations this is all available from links on their investor
relations page. Make the same judgment about this firm that you were
asked to make about ExxonMobil above. Just as with ExxonMobil justify
your decisions.
Now
finally examine the two investor relations web pages. Note the
similarities and difference between the two companies and this tells you about
the competitive environments and the investors in the two companies.
Feel
free to do any additional research you wish to on the two companies but make
certain to cite your sources.
