Multiple foreign operations - Exxon
Since Exxon is a multination company. In terms of currency denomination how does Exxon price its revenues and costs? For MNE's with multiple foreign operations, consider any one of those operations and the contribution it is making to the parent firm's profits. Using Exxon's information, what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability?