Private Empire

ExxonMobil and American Power

By: Steve Coll

Narrated by: Malcolm Hillgartner

Length: 24 hrs and 16 mins

Publisher's summary

Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power. ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. In many of the countries where it conducts business, ExxonMobil’s sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than almost any other corporation. Yet despite its outsized influence, it is a black box.

Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe, moving from Moscow, to impoverished African capitals, Indonesia, and elsewhere in heart-stopping scenes that feature kidnapping cases, civil wars, and high-stakes struggles at the Kremlin.

At home, Coll goes inside ExxonMobil’s K Street office and corporation headquarters in Irving, Texas, where top executives in the “God Pod” (as employees call it) oversee an extraordinary corporate culture of discipline and secrecy.

The narrative is driven by larger-than-life characters, including corporate legend Lee “Iron Ass” Raymond, ExxonMobil’s chief executive until 2005. A close friend of Dick Cheney’s, Raymond was both the most successful and effective oil executive of his era and an unabashed skeptic about climate change and government regulation. This position proved difficult to maintain in the face of new science and political change, and Raymond’s successor, current ExxonMobil chief executive Rex Tillerson, broke with Raymond’s programs in an effort to reset ExxonMobil’s public image. The larger cast includes countless world leaders, plutocrats, dictators, guerrillas, and corporate scientists who are part of ExxonMobil’s colossal story.

The first hard-hitting examination of ExxonMobil, Private Empire is the masterful result of Coll’s indefatigable reporting. He draws here on more than 400 interviews, field reporting from the halls of Congress to the oil-laden swamps of the Niger Delta, more than 1,000 pages of previously classified U.S. documents obtained under the Freedom of Information Act, heretofore unexamined court records, and many other sources. A penetrating, newsbreaking study, Private Empire is a defining portrait of ExxonMobil and the place of Big Oil in American politics and foreign policy.

©2012 Steve Coll (P)2012 Penguin

Critic reviews

"ExxonMobil has met its match in Coll, an elegant writer and dogged reporter… extraordinary...monumental." (The Washington Post)

"Fascinating.... Private Empire is a book meticulously prepared as if for trial, a lawyerly accumulation of information that lets the facts speak for themselves...a compelling and elucidatory work." (BLOOMBERG)

"Private Empire is meticulous, multi-angled and valuable.... Mr. Coll’s prose sweeps the earth like an Imax camera." (Dwight Garner, The New York Times)

Interesting but glad it's over

Interesting book. Now I see ExxonMobil as much more of a mundane company than some nefarious international company.

the many lives of a behemoth oil company

An investigation into a giant oil company and the people who run it and how it manages
its public profile and its engagement in places where there is little or no rule of law.
The book does not give answers but it does pose lots of questions.

Great Fly on the Wall Perspective of ExxonMobil

If you like to feel like an insider, then this book is for you! I really like Steven Coll's pacing, as he was able to get my attention immediately as he starts with the tragedy surrounding the Exxon Valdez and all the characters involved in this historical event. From there he takes you through the ups and downs of this enormous private enterprise, which I found very insightful.

The key to the success of this book is the neutral perspective assumed by Coll, as I hate books that try to portray something that is simply big as also automatically bad. I am a businessman, and this book allowed me some keen insights into the thinking and doings of a major employer, energy producer, and endless source of speculation and controversy.

This book is not going to change your life by any means, but it is a great impartial look behind the curtain of a major global player.

I would highly recommend this book to any students of business or generally to anyone who likes to glimpse the inside.

The History of Oil

There are many supporting actors throughout disparate countries during different decades that unless you listen carefully during the early chapters it may become confusing as the story evolves. Overall well presented by both author and narrator although I felt the ending was weak as I was expecting a strong close given the build up as the story reached its conclusion. But then at 24 hours this was a long listen but enlightening if not extremely familiar with ExxonMobil history.

Interesting history

May have liked a bit more of the whole intrigue thing, but maybe it just is what it is! Overall a good read and would recommend it to anyone wanting to learn about the oil industry players.

Excellent insight ExxonMobile/Industry

It's like ordering a puzzle and getting 15 bonus companion puzzles. 10/10 for depth/detail/nonbiased perspective.

Very educational!

This book is masterfully written. It is clear, concise and incisive. it gives an understanding of how global companies operate in their own self-intrest and above that of their nation. Also shows the interactions between government and trans-national companies and how corporate money can bend government policies to their interests.

Fantastic in multiple ways

If you could sum up Private Empire in three words, what would they be?

Worth The Purchase

What did you like best about this story?

The in-depth look at running an oil company. The shear detail was impressive. Furthermore, the geopolitical aspects were explained well. For example, I had no idea of how much assistance Exxon received from the government on international matters. The look into the risk metrics used in the oil industry and the mind numbing lawsuits give me a greater respect for Exxon and "privately run" oil companies in general.

Any additional comments?

I hope to find more books similar to this one.

A dynamic history of a modern american corporation

American Empire shows how despite both parties' desires, Exxon Mobil and US foreign policy became inextricably bound up. It also paints a fascinating portrait of current Secretary of State Rex Tillerson. “AUDIBLE 20 REVIEW SWEEPSTAKES ENTRY”

discusting

we are always here how Oil spills blood all over... but to know the exact way and the mind behind it you must read this book .
it is disgusting how money and greed can go so far.