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Global Oil and Gas Accumulators Market Review, 2020Ģ.1 Oil and Gas Accumulators Market Industry Overviewģ. The market study provides a comprehensive description of current trends and developments in the Oil and Gas Accumulators Market industry along with a detailed predictive and prescriptive analysis to 2028.Ģ. Investing in R&D and technology to improve product lines will be the major growth driver in the short to medium term for the Oil and Gas Accumulators Market amid prevailing tough conditions. Continued long-term focus on maximizing profitability and returns from every asset is key for all the business segments.Mergers and acquisitions to acquire new technologies, strengthen portfolios, and leverage capabilities to remain key strategies of top companies in the Oil and Gas Accumulators Market industry during the outlook period. Systems are deployed consistently with high standards to be the best in class for the operational performance. With relentless attention to the operational excellence, safe, reliable, efficient operations and reducing the risk by applying the highest operational standards are embedded in ExxonMobil's culture. To deliver on that mission requires each of the three market segments, upstream, downstream and chemical, to be premier among their competition. ExxonMobil's mission is to be the premier petroleum and petrochemical company in the world 7. A new company will be …show more content… As a largest oil & gas company in the world with approximate 2015 revenues of $259 billion, ExxonMobil operates in three market segments: upstream, downstream and chemicals. There are also significant costs associated with exit barriers due to heavy environmental regulations and the costs to decommission machinery. The industry is dominated by large firms that have established distribution channels, governmental relationships, high levels of industry expertise, and understand geopolitical factors and environmental regulations. After undergoing these initial sunk costs, a company will incur substantial costs associated with finding reserves, drilling, and developing these reserves. For a new company to successfully enter the Integrated Oil & Gas Industry there is a requirement for significant capital investment in specialized machinery and equipment, skilled labor, and technology.